Core Insights - The report titled "Answering the Questions of Our Time: The Global Significance and Practical Value of China's Public Intellectual Goods" was released at the 2025 Global South Media Think Tank Forum, highlighting the urgent need for new global public intellectual products to address unprecedented challenges facing humanity [2][3] - China, as a significant member of the Global South, has developed a comprehensive system of global public intellectual goods based on reflections on future world dynamics, national development, and value perspectives [2] - The report emphasizes that China's global public intellectual products are derived from practical experiences and universal principles, showcasing a system that is continuously evolving and innovating, characterized by scientific, open, and progressive theoretical traits [2] Report Details - The full report consists of approximately 15,000 words and has been published globally in both Chinese and English through various platforms including websites, journals, and social media [3]

Group 1 - The report titled "Answering the Questions of Our Time: The Global Significance and Practical Value of China's Public Intellectual Goods" was released at the 2025 Global South Media Think Tank Forum [2] - The report emphasizes the unprecedented challenges faced by humanity and the need for new global public intellectual products to address these issues [2] - China, as a significant member of the Global South, has developed a comprehensive system of global public intellectual goods based on its reflections on future world dynamics and its own practices [2] Group 2 - The report outlines three dimensions for China's contributions: international system, national development, and values [2] - It highlights the importance of building a community with a shared future for mankind, promoting Chinese-style modernization, and advocating for common values for humanity [2] - The global public intellectual products from China are characterized by scientific, open, and progressive theoretical traits, which are expected to open up a broader future for human development [2]

H KHJ/JX -JHDA 门川川 次会议首次提出了"统筹研究消化存量房产" 可能指向了市场近期关注的城投收购二手房的 模式。 (天风宏观宋雪涛) 图 2:水泥熟料产能利用率明显偏低(单位:%) 90 80 70 60 50 40 30 20 10 0 01周 11周 21周 31周 05周 09周 13周 15周 17周 19周 25周 27周 29周 33周 39周 03周 07周 23周 35周 37周 2021年 2020年 2022年 2023年 2024年 资料来源: Wind,天风证券研究所 图 1: 1-4 月政府债净融资同比下降 44%(单位:亿元) 120,000 100,000 80,000 60,000 40,000 20,000 0 ш ш ш III III ur 8 Z 3 u 9 6 TI t 2020年 2021年 2022年 2023年 2024年 资料来源: Wind,天风证券研究所 从政治局会议对于经济的基调来看,出台增量 政策的空间有限，加快落实存量政策可能是下 阶段的政策重心。目前存量政策仍未完全落 地, 1-4月政府债净融资规模同比下降44%,特 别国债尚未启动 ...