在2日举行的世界贸易组织贸易政策审议机构正式会议上，中方就世贸组织最新发布的成员贸易措施监 督报告发表立场，呼吁成员履行贸易措施通报义务，加强贸易政策透明度，维护多边贸易体系稳定运 行。 世贸组织总干事伊维拉出席会议并发言指出，全球贸易体系正在经历80年来最严重的动荡，单边关税措 施大幅增加、地缘政治紧张和区域冲突加剧。贸易措施监督报告中所述贸易措施数量及其覆盖的贸易额 凸显了全球贸易环境动荡。同时，贸易体系和全球贸易展现出相当的韧性。大约72%的贸易依然按照最 惠国原则进行。世贸组织将密切关注关税方面的进展情况并将于近期再次开展最惠国贸易份额评估。 中方表示，当前世界经济不确定性加剧，单边主义和保护主义升温，高关税等贸易壁垒显著增加，给全 球贸易秩序带来严峻挑战。在此背景下，世贸组织发布贸易措施监督报告具有重要意义，为监测贸易政 策变化和影响分析提供了重要信息，有利于提升贸易政策透明度、增强成员对多边贸易体系的信心。 中方发言指出，美国作为对国际贸易产生重要影响的世贸组织成员，并未及时向世贸组织通报其贸易及 相关措施，给世贸组织监督职能的有效运行带来了不利影响。中方呼吁，成员应积极履行透明度义务， 在当前贸 ...

Core Viewpoint - The Chinese government has expressed strong dissatisfaction with the recent unilateral trade measures imposed by the United States, particularly the "301" investigation and related restrictions, which are seen as detrimental to both Chinese industries and global supply chain stability [1][2]. Group 1: Trade Relations and Measures - The Chinese side has actively engaged in discussions with the U.S. regarding the "301" investigation, maintaining a constructive stance and proposing cooperation suggestions, but the U.S. has remained uncooperative [1]. - The U.S. has implemented 20 measures against China in a short span of 20 days, severely harming Chinese interests and disrupting the atmosphere of economic talks [2]. - The U.S. has extended its export control entity list to include thousands of Chinese companies, which has further escalated tensions [2]. Group 2: Impact on Industries - The U.S. claims that China's recent measures will broadly affect multiple industries, including semiconductors, AI, smartphones, and defense [3]. - China's export control measures on rare earths are aimed at preventing illegal use in weapons and maintaining national security, rather than targeting specific countries [4]. Group 3: Response and Future Actions - China emphasizes that its export control measures are lawful and necessary for national security, and it is willing to facilitate compliant trade through optimized licensing processes [4]. - The Chinese government has communicated its policy objectives to various countries to reduce misunderstandings and is open to dialogue to address mutual concerns [2][3].

Core Points - The WTO Services Council held its third meeting of 2025 to discuss the outcomes of the 13th Ministerial Conference and the e-commerce work plan [1] - The Chinese representative criticized the US's unilateralism and protectionism regarding "reciprocal tariffs," highlighting the misleading nature of focusing solely on goods trade while ignoring benefits from services trade [1] - China introduced its latest policies and best practices on cross-border data flow and raised concerns about the US and India's misuse of national security measures to restrict Chinese enterprises and products [1]

Core Viewpoint - China criticizes the US's "reciprocal tariff" measures at the WTO, urging all parties to jointly maintain the global service trade order [1][2] Group 1: China's Position - China actively set the agenda at the WTO meeting, highlighting the unilateralism and protectionism of the US's "reciprocal tariff" measures [1] - The Chinese position paper emphasizes that service trade is becoming a crucial engine for global trade growth, providing developing countries with more opportunities to integrate into the global value chain [1] - The US's measures are causing global trade turmoil, with negative impacts spilling over into the service trade sector [1] Group 2: US Trade Practices - China points out that the US has the largest service trade surplus globally and has been misleadingly framing its trade narrative by only discussing losses in goods trade while ignoring gains in service trade [1] - The unilateral measures from the US are undermining global business confidence, disrupting supply chains, and severely harming the legitimate interests of WTO members [1] Group 3: International Response - Other WTO members, including India, Brazil, Egypt, and Pakistan, echoed China's statements, emphasizing the importance of a multilateral trade system for global trade operations [2] - The collective sentiment is that an open, inclusive, stable, and non-discriminatory multilateral trade order is crucial for the sustainable development of all countries [2] - The service sector is recognized as a vital component of global supply chains and the future of global trade, necessitating cooperation to ensure regulatory stability and predictability [2]

Core Points - The World Trade Organization (WTO) held its third annual meeting of the Services Trade Council in Geneva, where China criticized the U.S. for its unilateral "reciprocal tariffs" and protectionist measures, highlighting their negative spillover effects on global services trade [1] - China emphasized that services trade is becoming a crucial engine for global trade growth, providing developing countries with more opportunities to integrate into global value chains, while U.S. measures are causing turmoil in global trade [1] - The U.S. is the largest services trade surplus country globally, yet it selectively discusses trade losses in goods while ignoring gains in services, demonstrating a double standard [1] - China called for the U.S. to adhere to WTO rules and engage in dialogue and cooperation to maintain the prosperity and stability of global services trade [1] Responses from Other Members - Countries such as India, Brazil, Egypt, and Pakistan echoed China's statements, emphasizing the importance of a multilateral trade system for global trade operations and the need for an open, inclusive, stable, and non-discriminatory trade order [2] - The services sector is highlighted as a vital component of global supply chains and the future of global trade, with a call for collaborative efforts to ensure regulatory stability and predictability [2]

Industry News - The China Nonferrous Metals Industry Association opposes "involution" competition in the copper smelting industry, emphasizing that it harms national and industry interests and deviates from high-quality development goals [1] - The Ministry of Commerce of China has added three US companies to the unreliable entity list and three others to the export control list, prohibiting them from engaging in import and export activities related to China [2] - The Ministry of Commerce calls for countries to jointly oppose unilateralism and protectionism, stressing that third-party interests should not be sacrificed due to coercion from others [2] - The total scale of public funds in China has surpassed 36 trillion yuan, marking the fifth historical high this year, with significant growth in stock and mixed funds [3] Company News - The stock of Upwind New Materials will be suspended for verification after rising over 1800% this year, marking its second suspension since a change in control was disclosed [4] - Ganfeng Lithium plans to introduce investors for a capital increase of up to 2.5 billion yuan for its subsidiary, Ganfeng Lithium Battery [4] - Jingfeng Mingyuan has entered mass production of its second-generation DrMos chips, which have been adopted by multiple clients, driving business growth [5] - Pingmei Shenma Group is undergoing a strategic restructuring, which will not significantly impact Pingmei Co.'s operations [5] - Lvtian Machinery clarifies that it has no relationship or business cooperation with Zhuhai Lvtian Machinery Co., Ltd. [6] - Xiamen International Trade holds a 0.67% stake in Mohr Thread through its investment fund [7] - Yuexiu Capital confirms that Mohr Thread is one of its investment projects, with no significant impact on current operating performance [8] - Dazhihui announces a share swap with Xiangcai Co., with a swap price of 9.53 yuan per share for Dazhihui [9] - Putailai has delivered dry and solid-state battery equipment to major domestic and international clients [10] - Hailunzhe's investment in Suzhou Yisheng Robotics is expected to positively impact future performance due to increased demand from Apple [11] - Hanyu Pharmaceutical plans to raise up to 968 million yuan for the development of semaglutide and other projects [12] - Tianen Kang's subsidiary has received approval for clinical trials of a new drug for rosacea, a first in the domestic market [12] - Baili Tianheng's innovative drug has been included in the list of breakthrough therapies by the National Medical Products Administration [13]

Core Viewpoint - The Chinese Ministry of Commerce has initiated a trade and investment barrier investigation against Mexico due to proposed increases in import tariffs on products from non-free trade partners, including China, which could severely harm Chinese enterprises' trade and investment interests [1][2] Group 1: Investigation Announcement - The Ministry of Commerce announced the investigation based on preliminary evidence indicating that Mexico plans to raise import tariffs on products from non-free trade partners as per a proposal published on September 9, 2025 [1] - The proposed tariff increases are seen as a unilateral action that could undermine the interests of related trade partners, including China, and negatively impact the business environment in Mexico [1] Group 2: Response and Principles - The Ministry emphasized the importance of opposing unilateralism and protectionism, especially in the context of the U.S. imposing tariffs, and stated that third-party interests should not be sacrificed due to external pressures [1] - The investigation will adhere to principles of fairness, justice, and transparency, inviting participation from all stakeholders affected by Mexico's measures, including domestic industries and enterprises in China [2]

Core Viewpoint - China submitted a position paper on special and differential treatment to the WTO, emphasizing its rights as a developing country and its commitment to multilateral trade systems [1][4]. Group 1: China's Position on Special and Differential Treatment - China's accession to the WTO in 2001 under the Marrakech Agreement granted it less special and differential treatment compared to other developing members [4]. - China has actively contributed to the WTO negotiations and global trade liberalization, aligning its obligations with its development stage and economic level [4]. Group 2: China's Pragmatic Approach in WTO Negotiations - In negotiations, China has adopted a pragmatic approach, not requesting Category C measures in the Trade Facilitation Agreement, with 94% of measures being Category A [5]. - China did not seek special and differential treatment in discussions on service trade regulations and COVID-19 vaccine intellectual property exemptions, contributing significantly to concluding negotiations [5]. - China announced it would not pursue special and differential treatment as proposed by the G90 group and continues to support negotiations based on that proposal [5]. Group 3: Commitment to Multilateral Trade System - China's decision not to seek new special and differential treatment underscores its support for the multilateral trade system amid rising unilateralism and protectionism [6]. - This decision aims to facilitate the 14th WTO Ministerial Conference in March 2026 and contribute to substantial progress in WTO reforms [6]. - The decision does not affect China's status as a developing member in the WTO or its rights under existing agreements [6]. Group 4: China's Role in Global Trade - China remains a part of the "Global South" and will continue to support genuine multilateralism and the rules-based multilateral trade system [7]. - The country is committed to participating in WTO reform processes and protecting the legitimate rights of developing members [7].

Core Points - China will not seek new special and differential treatment in current and future WTO negotiations, emphasizing its commitment to multilateral trade and cooperation [1][2][3] Group 1: Direction - The current international trade environment is under severe pressure, necessitating reforms in the WTO to enhance its effectiveness. China's pragmatic actions aim to support WTO reforms and invigorate multilateral negotiations, contributing to a cooperative and win-win scenario [2] Group 2: Confidence - Multilateralism is essential for addressing global challenges. China's announcement not to seek new special and differential treatment signals a strong commitment to international cooperation, enhancing confidence in the multilateral trade system and providing stability to the global economy [2] Group 3: Development - With over two-thirds of the 166 WTO members being developing countries, China's initiative focuses on development issues, promoting inclusivity in international trade and addressing the North-South development gap, aligning with the WTO's goal of fostering global development [3]

Core Viewpoint - The stability of China-U.S. economic and trade relations has transcended bilateral scope and is directly related to the pulse of the global economy [1] Group 1: Economic Cooperation - The Geneva consensus and the London framework have been established, providing valuable certainty to the world economy [1] - The Stockholm economic talks inject new momentum into further consolidating consensus and deepening mutual trust between the two parties [1] Group 2: Dialogue and Negotiation - Both sides are encouraged to adhere to the important consensus of their leaders and maintain equal dialogue to reduce misunderstandings and strengthen cooperation [1] - China expresses 100% sincerity in negotiations while firmly upholding its bottom line and emphasizing respect for each other's core concerns [1] Group 3: Trade Issues - China's position on the U.S. unilateral imposition of "reciprocal tariffs" is clear and consistent, viewing it as a unilateral and protectionist act that violates WTO rules [1] - China is willing to resolve differences through dialogue, but insists that such discussions must be equal [1] Group 4: Long-term Perspective - Deep-seated and structural issues in China-U.S. economic relations cannot be resolved overnight, but progress is being made along the right track from Geneva to London to Stockholm [1] - There is hope that both sides will translate the important consensus and positive intentions from their talks into concrete actions to stabilize bilateral economic relations [1]