中国人工智能相关产品贸易趋势与全球基本同步，呈现出蓬勃发展的态势。 面对复杂严峻的外部环境，中国不仅外贸"朋友圈"日趋多元，绿色产品出口大幅增长，民企也已成为贸 易增长的"主引擎"。 1月14日举行的国新办发布会上，海关总署发布数据显示，2025年中国外贸进出口达45.47万亿元，增长 3.8%，规模再创历史新高，继续保持全球货物贸易第一大国地位。其中，出口增长6.1%，进口增长 0.5%。此外，2025年中国对美国进出口4.01万亿元，占中国进出口总值的比重降至8.8%。 根据海关总署公布的2024年数据，中国对美进出口占中国外贸总值的比重约11.2%。 海关总署副署长王军在发布会上表示，过去一年全球经济增速放缓，单边主义、保护主义抬头，国际经 济秩序遭到严重冲击。我国进出口仍然实现了3.8%的较快增长，已连续9年保持增长，也是加入世界贸 易组织（WTO）以来时间跨度最长的连续增长。 东方金诚宏观研究发展部执行总监冯琳表示，2025年美国对华发动了第二轮贸易战，并在全球范围内大 幅加征关税，但我国外贸展现出很强韧性，超出市场预期。 王军表示，2026年外部环境不确定难预料因素增多，稳外贸压力依然较大。同时， ...

12月22日，在格隆汇"金格奖"年度卓越公司评选活动中，中国联塑(2128.HK)获得"年度卓越出海奖"奖项。在中国制造 出海从"产品输出"转向"体系输出"的背景下，该奖项是对企业"走出去、走进去、融进去"的全面认可。 该奖项背后既有海外市场开拓中的亮眼成绩与份额增长，也有其优秀的本地化运营、产业链整合能力，还有在带动当 地就业、生态共建、社会责任履行等方面做出的突出贡献。 中国联塑获奖绝非偶然，我们可以透过最新业绩数据、全球产能布局及技术成果，窥见这家塑料管道龙头出海成功的 核心逻辑。 深化海外产能布局，管道龙头的全球化进击 塑料管道行业的海外竞争力，根植于产能部署，以及积极响应客户对供应链全球化服务的需求。中国联塑正是如此， 出海并非简单的产品出口，而是以生产基地为支点构建起区域辐射体系。 中国联塑凭借领先的全球产能布局，加上自身本土化运营能力，能够满足海外旺盛的基建需求，同时洞察不同国家的 区域特点，了解政策、营商制度并因地制宜。这样的区域竞争力，让中国联塑有望源源不断斩获项目订单。 2025年，中国联塑在坦桑尼亚、埃塞俄比亚、越南、菲律宾、安哥拉、乌兹别克斯坦等地的生产基地都已开启运营， 加上美国、印 ...

Core Viewpoint - Taotao Automotive's decision to pursue a dual listing in Hong Kong is driven by a desire for a significant "identity value leap," rather than merely seeking capital [2][4][5]. Group 1: Financial Performance - As of Q3 2025, Taotao Automotive reported a cash balance of 1.34 billion, with a debt-to-asset ratio of only 19.6% [4]. - The company achieved a revenue of approximately 1.06 billion, representing a 27.73% year-on-year increase, and a net profit of around 264 million, marking a 121.44% increase [6]. - The gross margin exceeded 40% and net margin surpassed 20% in the first three quarters [5]. Group 2: Market Positioning - The A-share market has labeled Taotao Automotive as a "traditional manufacturer," limiting its valuation narrative, while the Hong Kong market offers a platform for a global consumer revaluation [5][6]. - The company aims to redefine its brand perception from a "Zhejiang small factory" to a significant player in the global smart mobility landscape [9][10]. Group 3: Strategic Focus - Taotao Automotive has focused on the low-speed electric vehicle market, which is often overlooked but represents a substantial structural opportunity [12][26]. - The company has established a strong presence in the North American market, with over 90% of its revenue coming from overseas, particularly 80% from the U.S. [12][19]. Group 4: Product and Market Strategy - The company targets essential consumer needs, with a focus on affordable, low-energy transportation solutions for short-distance travel [15][16]. - Taotao Automotive has identified high-growth niche markets, such as golf carts and community patrol vehicles, which offer higher profit margins and stable customer bases [16][19]. Group 5: Global Manufacturing Strategy - The company is expanding its manufacturing capabilities in North America, Vietnam, and Thailand to enhance its local production capacity [19][24]. - Taotao Automotive's strategy includes a comprehensive localization of its operations, moving from merely exporting products to embedding itself within local markets [19][26]. Group 6: Brand and Value Proposition - The company is transitioning from a low-cost manufacturing model to establishing a brand that commands higher pricing in international markets [21][24]. - Taotao Automotive's efforts reflect a broader trend among Chinese manufacturers to redefine their global market value and brand influence [28][29].

Group 1 - The China-CEEC Expo serves as a platform to showcase China's economic vitality and commitment to openness, marking the 50th anniversary of China-EU diplomatic relations and the 13th year of China-CEEC cooperation [1] - Since 2012, trade between China and Central and Eastern European (CEE) countries has grown at an annual rate of 8.8%, surpassing China's overall trade growth, with bilateral trade expected to reach $142.3 billion in 2024, a 6.3% year-on-year increase [1] - China's investment in CEE countries has exceeded $24 billion, with a notable increase in investments from the Chinese electric vehicle supply chain [1] Group 2 - BYD announced its European headquarters in Hungary, with plans to produce the first "European-made" car in its Hungarian factory this year, alongside other battery manufacturers establishing operations in the CEE market [2] - The investment activities of Chinese automotive companies in CEE reflect a broader trend of globalization and transformation within the Chinese automotive industry, aligning with global industry changes [2] - The automotive sector in CEE countries has become a crucial part of the European economy, with significant production facilities located in Slovakia, Hungary, and Romania, attracting Chinese automotive supply chain companies [3] Group 3 - The push for "new four modernizations" in the automotive sector has allowed Chinese companies to create new value in the target markets, contributing to local manufacturing and green development [3] - Hungary's foreign minister acknowledged that BYD's investment will promote the electrification and green transformation of the country's automotive industry, positioning Hungary as a global leader in electric vehicles [4] - Chinese automotive companies are not only bringing capital but also advanced technology and innovative products, reflecting China's commitment to openness and mutual development [4]