萨克斯多次批评美国的政策愚蠢。2019年，他因公开指责美国在华为问题上的虚伪行为而关闭了自己的推特账号。当时，他指出，美国在华为问题上采用的 霸凌行为，已经让美国的盟友感到不满。2023年，萨克斯在一次访谈中再次表示，美国花费巨资试图围堵中国，最终却只是在自讨苦吃。他强调，中国并不 是威胁，真正的问题是美国的霸权主义。他警告称，亚太地区的军售和导弹部署将引发冲突，核大国的对峙后果将不堪设想。 华为之所以能够捏住美国的"七寸"，是因为美国的供应链高度全球化，很多美国承包商的业务都离不开华为的产品。据统计，华为在全球5G基站市场占据 超过三成的份额，美国军方在海外行动时，几乎绕不开华为的设备。2024年第一季度，华为的净利润暴增了564%，达到了196.5亿元，手机业务也重新夺回 了中国市场的第一的位置。这说明，尽管美国实施了制裁，但华为不仅没有被压垮，反而在自力更生的过程中推出了自主研发的麒麟芯片和鸿蒙操作系统。 如今，美国如果想要完全规避华为，不仅成本极高，还会对作战效率造成很大影响。 杰弗里·萨克斯，这位哥伦比亚大学的教授，早在2018年就公开批评美国对华为的打压。他曾发表文章指出，逮捕孟晚舟并非出于国家安 ...

作为全球人口第一大国和世界第五大经济体，印度未来的发展将重塑世界政治经济格局，不仅引起世界的广泛关注，在全球地缘政治和经济发生重大变化 的当下，更值得我们予以重视。 在新近出版的《打破常规：印度特色的繁荣之路》一书中，知名经济学家拉古拉迈·拉詹和罗希特·兰巴基于对印度多年的观察和研究，深刻剖析了印度经 济发展面临的困境，并指出印度为何必须以及如何能够开辟一条全新的发展道路。 作者指出，囿于全球低端制造业竞争的白热化，日益加剧的保护主义趋势与数字经济和人工智能浪潮，印度无法再遵循传统的东亚发展模式（从农业到低 端制造，再到高端制造，最后转向服务业），必须优先投资人力资本、拓展高技能服务业机遇、激励创新创业精神，并着力巩固而非削弱其民主根基，开 创一条由思想与创造力驱动的独特发展道路。 本书将理论与现实分析相结合，拆解"印度困境"，为印度乃至其他新兴经济体突破传统发展逻辑、开辟知识驱动型发展道路提供了参考。 你说的关于印度的任何真相，反过来都同样成立？ 还是说，某一方的观点比另一方更接近真相？ 对此如何作答至关重要，因为乐观者认为，但凡有必要，印度政府就应该强力推行自己的意志，哪怕冒着走向威权主义的风险。以中国的 ...

Group 1 - The U.S. initially aimed to impose secondary sanctions on all countries purchasing Russian oil, but ultimately only pressured India while being lenient towards China [1][3] - The sanctions intended to curb Russian energy revenue have backfired, as India continues to buy Russian oil and resell it to Europe, undermining the sanctions' effectiveness [1][3] - The U.S. is facing a dilemma between maintaining its hegemonic stance and the realities of its interconnected global supply chains, leading to inconsistent policy decisions [5][7] Group 2 - The U.S. has temporarily suspended the implementation of a 24% reciprocal tariff on China, contrasting sharply with previous threats of much higher tariffs [3][5] - The geopolitical landscape indicates that a potential sanction on China could lead to global energy price increases, highlighting China's significant role in the global oil market [3][5] - The U.S. is using tariffs as leverage in trade negotiations with India, which has been purchasing Russian oil at lower prices, impacting U.S. shale oil interests [3][5] Group 3 - The U.S. domestic political landscape, particularly the upcoming midterm elections, is influencing its trade and tariff policies, resulting in erratic and unpredictable decisions [5][7] - The inconsistent approach to sanctions and tariffs has damaged the U.S.'s international credibility and weakened the deterrent effect of its trade policies [5][7] - The situation presents an opportunity for emerging countries like China and India to strengthen their cooperation and potentially reshape global governance [7]

Group 1 - The core viewpoint of the article is that the US-China trade negotiations are complicated by underlying geopolitical tensions, with the US attempting to leverage issues unrelated to trade to gain an advantage [1][5][12] - The US is reportedly using China's dealings with Russia and Iran as a bargaining chip, indicating a strategy that goes beyond trade discussions [5][6] - The article highlights that the US's approach may backfire, as China is no longer intimidated and is actively seeking to strengthen ties with Europe [11][12] Group 2 - The trade war has significantly impacted US companies, with a report indicating that tariffs on China have cost American businesses over $50 billion annually [8] - The article notes that China's manufacturing value-added accounts for 31% of the global total, showcasing its strong position in the global supply chain [8] - The US's attempts to pressure China may lead to a shift in supply chains, with Chinese companies looking to strengthen ties with ASEAN and the EU [9][10] Group 3 - The recent closed-door meeting between EU and Chinese leaders resulted in important consensus, indicating a growing partnership that may exclude US influence [10][11] - European leaders are increasingly asserting their independence from the US, with statements indicating a refusal to be treated as subordinates [11][12] - The article suggests that the trade war initiated by the US has inadvertently catalyzed closer cooperation between China and Europe, challenging US dominance [11][12]

Group 1 - The satellite image of Dalian shipyard shows six warships being constructed simultaneously, including two 052D destroyers and four advanced 055 destroyers, indicating China's growing naval capabilities [1] - The U.S. announced a "dock fee" for Chinese vessels starting at $50 per ton, increasing annually, which could cost Chinese companies billions, reflecting the U.S. struggle to maintain its shipbuilding industry [3] - China's shipbuilding efficiency is highlighted, with the ability to switch production between military and commercial vessels, achieving three times the efficiency of the U.S. [5] Group 2 - Southeast Asian and African nations are protesting against U.S. tariffs, as they rely on affordable Chinese shipping, leading to a shift in logistics routes away from U.S. ports [7] - The U.S. military-industrial complex is facing significant delays and challenges, with major projects like the F/A-XX fighter jet and hypersonic missiles lagging behind, indicating a decline in U.S. technological advancement [8] - Despite U.S. efforts to impose tariffs, China's shipbuilding industry continues to thrive, with a significant portion of vessels in Southeast Asia and Africa now being manufactured in China [10] Group 3 - The shipbuilding industry is characterized by technological capability rather than mere rhetoric, with China excelling in both military and commercial ship production, while the U.S. struggles to close the technological gap [12]

Core Insights - The importance of rare earth resources has significantly increased globally, particularly in high-tech and military applications, with China being the largest producer and tightening export controls, impacting the global market, especially the U.S. [1][3] Group 1: U.S. Dependency on Rare Earths - The U.S. recognizes the irreplaceable role of rare earth elements like neodymium, dysprosium, and terbium in its industrial and military production, with significant quantities required for advanced military equipment such as the F-35 fighter jet and nuclear submarines [3][5] - In 2024, the U.S. resorted to smuggling rare earths through countries like Thailand and Mexico, with 4,000 tons smuggled, which is 35 times the import volume of the past three years, highlighting the deep dependency on these resources [5][8] Group 2: China's Response to Smuggling - China has implemented strict measures against U.S. smuggling activities, enhancing customs monitoring and introducing advanced scanning technology to detect illegal shipments [9] - The new Mineral Resources Law, effective July 2025, imposes severe penalties for rare earth smuggling, including up to 10 years of imprisonment and fines up to five times the illegal gains [9] Group 3: Global Supply Chain Implications - The smuggling actions and China's countermeasures reflect the fragility of the global supply chain in the face of resource control, emphasizing the high dependency of U.S. industries on Chinese rare earths [8][11] - The competition for rare earth resources is becoming a focal point in international relations, with countries likely to increase their own resource development and research into alternatives to avoid reliance on illegal channels [15][17]

Core Viewpoint - Baozun E-commerce (BZUN) shows a positive financial performance with a revenue increase and a slight rise in stock price, indicating potential growth in the e-commerce sector [1][2]. Financial Performance - As of March 31, 2025, Baozun's total revenue reached 2.064 billion RMB, reflecting a year-on-year growth of 4.27% [1]. - The net profit attributable to the parent company was -63.08 million RMB, which represents a year-on-year increase of 5.34% [1]. Company Overview - Founded in 2007, Baozun is a leader in the Chinese brand e-commerce service industry, employing approximately 8,000 staff and serving over 450 brands globally across various regions including East Asia, Southeast Asia, Europe, and North America [3]. - The company operates three main business lines: Baozun E-commerce (BEC), Baozun Brand Management (BBM), and Baozun International (BZI), all aimed at sustainable business development and technological empowerment for brand partners [3]. - As part of its 15th anniversary, Baozun launched a new corporate promotional video showcasing its role in the digital commercial lifecycle and its commitment to providing high-value services and solutions [3].

Group 1 - European countries have imposed a ban on Chinese Xinjiang cotton, which has led to unintended consequences for their own ammunition production [3][11][23] - The specific type of cotton affected is short-staple cotton, essential for producing nitrocellulose, a key component in modern explosives [5][7][13] - China dominates the global market for short-staple cotton and nitrocellulose, supplying nearly half of the world's short-staple cotton trade in 2022, which is crucial for European ammunition manufacturers [7][21] Group 2 - The European Union's ban on Xinjiang cotton has disrupted the supply chain for military-grade materials, leading to a significant shortage of ammunition in Europe [11][15][19] - Major European defense companies, such as Rheinmetall and Saab, have expressed concerns over their reliance on Chinese imports for short-staple cotton, prompting them to stockpile supplies [17][21] - Alternatives from countries like India and Brazil have been found to be of inferior quality, further complicating the situation for European manufacturers [19][21] Group 3 - The situation highlights the interconnectedness of global supply chains, where political decisions can have far-reaching impacts on industries [23][25] - The European defense sector's struggle to meet production targets, such as the goal of producing 200 million shells by 2025, is directly linked to the shortage of nitrocellulose [15][21] - The incident serves as a cautionary tale about the risks of political motivations overshadowing economic realities, emphasizing the need for cooperation in global trade [25]

Group 1 - The diplomatic landscape is shifting as leaders from over twenty countries, including France, Brazil, and Vietnam, are increasingly engaging with China, contrasting sharply with the isolation of the U.S. under Trump's aggressive trade policies [1] - Trump's trade policies, including a 125% tariff on China and 41% "reciprocal tariffs" on other nations, have led to significant increases in shipping costs and currency exchange rates, causing global businesses to express dissatisfaction [1] - Mexico's exports to the U.S. have increased despite Trump's tariffs, largely due to a 50% surge in Chinese exports of machinery and electrical equipment to Mexico, highlighting the resilience of global supply chains [1] Group 2 - The internationalization of the Renminbi (RMB) has been unexpectedly accelerated by Trump's tariff policies, with the currency maintaining stability while other emerging market currencies have depreciated significantly [3] - In 2024, China accounted for 35% of global exports of intermediate goods, and its cross-border e-commerce transactions represented 42% of the global total, showcasing China's strong trade position [3] - The establishment of the RMB Cross-Border Payment System (CIPS) has expanded to cover 140 countries, with a projected 28% increase in transaction volume by 2025 [3] Group 3 - French President Macron signed a €20 billion deal during his visit to China, focusing on aviation and renewable energy, while Brazilian President Lula is advancing the "Two Oceans Railway" project to facilitate exports to China [5] - In 2024, Brazil's exports to China constituted 32% of its total exports, compared to only 11% for the U.S., indicating a significant shift in trade dynamics [5] - The rise of the RMB is supported by technological advancements, with a notable increase in the domestic production of high-end machine tools and a strong reliance on China for solar panels and electric vehicle batteries [5] Group 4 - Trump's tariffs, intended to undermine "Made in China," have inadvertently spurred upgrades in China's manufacturing capabilities, with a 7% increase in high-tech manufacturing investment and a 40% surge in aerospace R&D spending in 2024 [7] - Chinese companies have made significant technological breakthroughs, such as the development of a 600 km/h maglev train and advancements in semiconductor technology, enhancing the country's manufacturing competitiveness [7] - The shift in manufacturing capabilities has transformed the RMB from a secondary option to a primary currency in international trade [7] Group 5 - The story of Texas farmer John Carter illustrates the broader trend of businesses adapting to RMB transactions, which have reduced costs and improved cash flow, reflecting a pragmatic approach to currency choice [9] - Grassroots movements towards RMB settlements are emerging globally, with various sectors, including Southeast Asian rubber producers and Australian iron ore miners, exploring this option [9] - China's role as the rotating chair of the Shanghai Cooperation Organization has further marginalized the U.S. in multilateral mechanisms, emphasizing the changing dynamics in global diplomacy [9]

在全球化的今天，经济的相互依赖让各国之间的关系愈发复杂。在这样的背景下，美国总统特朗普的"关税战"显得尤为突出。最近，他对印度和中国的加税 举动，让这场贸易博弈再度成为焦点。这不仅是美国内政的反应，更是国际局势变化的风向标。 作为全球两大新兴市场，中印两国在能源采购上占据了举足轻重的位置。然而，这次特朗普的关税威胁似乎是在挑战这两个国家的经济韧性。特朗普以"印 度购买俄罗斯石油"为名，对印度进口商品加征高达50%的关税，连他自己都承认这是在坐实对"不合作"的惩罚。他还不止于此，媒体报道指出，他可能会 对中国也施加类似的关税，理由无外乎是中国同样在大规模购买俄罗斯石油。 正如巴西总统卢拉所言，这场斗争并不是单方面的"宣战争"，而更像是一场多方博弈的交响曲。特朗普的举动让本来在经贸上已经有着缝隙的金砖国家 （BRICS）迅速团结了起来。以往竞争激烈的中印，如今却可能因为共同的压力而携手抗衡美国的霸权。 但特朗普的加税策略究竟能否奏效呢？从历史来看，美国的保护主义往往适得其反。虽然美国自认为能够通过提高关税，改变其他国家的采购行为，进而打 击俄罗斯的经济基础，然而这样的逻辑却充满了单边思维的局限性。 美国的贸易政策 ...