按市镇统计的数据显示，经济结构单一、劳动力市场较弱的小型地方社区经济缓冲能力更为脆弱。这些 地区的财政交易额下滑更大，经济复苏更为缓慢。财政交易额萎缩意味着税收减少，长远来看也意味着 投资缩减。 尽管2025年的财政交易额累计数据仍显示同比增长，但11月单月的降幅无疑给波黑经济敲响了一记警 钟。若此趋势延续至12月，全年的累计财政交易额可能大幅接近停滞状态。(驻波黑使馆经商处) 波黑媒体klix12月21日报道。波黑联邦税务局数据显示，2025年11月，波黑联邦财政交易额达55.7亿马 克，较去年同期减少3.25亿马克，降幅达5.5%。该数据发布后，立即引发了对民众购买力、周日停业规 定以及波黑联邦地方经济稳定性的讨论。尽管今年波黑联邦累计财政交易额已达666亿马克，但11月的 负增长清晰表明：经济压力正通过消费环节日益凸显——而消费是任何经济体系中最敏感的组成部分。 财政交易额不仅是民众消费账单的总额，更是民众与商业部门经济行为的直接反映。往年，财政交易额 一般会由于民众年终时增加货品储备而增长，而11月的数据出现下滑，意味着家庭消费更趋谨慎，经济 活力受到抑制。许多经济界人士将"周日歇业"的法律规定视为造 ...

公婆退休投奔儿子还要买房：房贷我儿子给还。岳母：一手好算盘 在一个普通的小城市里，李浩和王莉组建了一个幸福的小家庭。李浩是一名工程师，王莉则是一名教师。他们育有一个可爱的女儿，取名为婷婷，一家三口 其乐融融。然而，这个平静的家庭最近迎来了一场风波。 王莉的母亲，一直把女儿和女婿的生活看在眼里，她听到这话，不禁皱起了眉头。她深知小两口的经济压力已经不小，再加上每个月的房贷，生活将会更加 艰难。 "好一手算盘啊。"王莉的母亲冷笑着说，"你们想过他们的生活压力吗？他们不仅要养家糊口，还要供孩子上学，现在再加上你们的房贷，这日子还怎么 过？" 饭桌上的气氛顿时变得尴尬起来。李浩和王莉面面相觑，不知道该说些什么好。他们理解老人的想法，但也感到无奈和困惑。他们也想给父母一个舒适的晚 年生活，但现实的经济压力让他们感到力不从心。 "我们只是想买个房子，有个自己的窝。"老张小声嘀咕着，语气中带着些许委屈。 "买房是好事，但也要量力而行啊。"王莉的母亲叹息道，"你们这样只会给他们增加负担。" 李浩的父母，老李和老张，辛苦了大半辈子，终于迎来了退休的时刻。他们决定离开老家，投奔在大城市的儿子李浩，希望能在晚年享受天伦之乐。这本是 ...

Core Points - President Trump is set to deliver a crucial speech to the nation amid declining approval ratings and economic challenges, aiming to outline his policy agenda and achievements [1] - Recent polls indicate a nearly 10 percentage point drop in public approval regarding Trump's handling of economic and immigration issues since March [1][3] - The upcoming midterm elections will serve as a test of Trump's political influence and the Republican Party's ability to maintain control of Congress [1] Economic Challenges - Economic issues have emerged as a primary challenge for Trump, with concerns over wage growth slowing and rising household costs becoming central to voter concerns [2][3] - Political opponents are criticizing Trump's tariff policies, attributing rising consumer prices and inflation to these measures [3] - Trump has initiated a domestic campaign to address economic pressures, including policies aimed at reducing costs and providing assistance to farmers affected by low agricultural prices and tariffs [3] Policy and Governance - Since returning to the White House, Trump has focused on reshaping the U.S. economic and national security landscape through tariffs on trade partners and key industries [4] - His administration has tested the boundaries of executive power by reducing the federal workforce and cutting funding for programs criticized by conservatives [4] - Trump is also working to fulfill campaign promises related to immigration, including large-scale deportations and tightening legal entry pathways [4]

根据世界银行最新发布《2025年12月柬埔寨经济展望》报告，预计柬埔寨2025年经济增长率将放缓至 4.8%，低于2024年的6%。 报告指出，房地产行业疲软、柬泰边境争端及美国关税上调等多重内外冲击，对该国经济活动造成显著 压力。具体来看，房地产市场低迷持续抑制国内需求与建筑行业活力；柬泰边境紧张局势不仅扰乱了双 边贸易往来，还对劳动力市场与旅游业造成连锁冲击；此外，美国自2025年8月1日起对柬埔寨所有进口 商品加征19%关税，进一步加剧了外部环境的不确定性。 世界银行驻柬埔寨国家经理Tania Mayer表示，柬埔寨正处于应对内外双重冲击的关键挑战期，强有力 的缓冲机制与针对性改革将是抵御经济压力的核心支撑。她强调，保障返乡人员等弱势家庭的基本生活 需求仍需重点关注，同时需通过改善营商环境、扶持非正规企业发展、简化正规化流程等举措，释放经 济增长潜力，营造公平竞争市场环境，进而创造更高质量的就业机会。报告显示，尽管柬埔寨经济增长 面临压力，但仍然展现出一定韧性，该国国际储备状况保持健康，能够支付约7.5个月的进口需求，公 共债务水平较低，约占国内生产总值（GDP）的26%，债务可持续性良好，2025年平 ...

Investment Rating - The report maintains a positive outlook for the real estate sector, indicating low financial risk and persistent economic pressure for 2026, with no expectation of systemic financial risks [1][61]. Core Insights - The real estate sector is expected to provide a favorable environment in 2026, continuing the trends observed in 2025, with a focus on financial stability [1][61]. - Key companies to watch include: 1) Development: A-Shares - China Vanke, Poly Developments, China Merchants Shekou, Gemdale; H-Shares - China Overseas Land & Investment 2) Residential and Commercial: Longfor Group 3) Property Management: Onewo, China Resources Mixc, China Overseas Property, Poly Property, China Merchants Property, ChongQing New DaZheng 4) Cultural and Tourism: Shenzhen Overseas Chinese Town [1][61]. Summary by Sections Investment Trends - In 2025, the cumulative development investment decreased by 15.9% compared to 2024, with a significant drop in new construction area by 20.5% and sales value by 11.1% [5][10]. - The report highlights a monthly decline in development investment of 31.4%, new construction area by 27.7%, and sales value by 26.1% [61][70]. Market Dynamics - The unsold area indicator suggests eased pressure on developers, with expectations of reduced real estate investment continuing into 2026 [62][70]. - The report indicates that the negative contribution of real estate to the macro economy may stabilize, with a projected investment decrease of approximately 1.6 trillion RMB in 2025 compared to 2024 [63][72]. Financial Sources - Total funding sources for real estate reached 8.51 trillion RMB in 2025, reflecting an 11.9% year-on-year decline [43][47]. - Domestic loans accounted for 15.44% of funding sources, with a decrease of 2.5% year-on-year [47][50].

Core Insights - The growth in credit card spending in the U.S. economy is increasingly driven by borrowers with high credit scores, while those with lower credit ratings are reducing their spending [1][2] - The report highlights a widening wealth gap between affluent and low-income households, exacerbated by rising inflation, particularly in food prices [1] Summary by Sections Credit Card Spending Trends - Borrowers with credit scores of 720 and above have maintained their purchasing levels since 2023, reaching a historical high in dollar terms [1] - Conversely, borrowers with credit scores between 660 and 719 have seen a 5.4% decrease in spending compared to 2023, while those with the lowest credit scores experienced an 8.5% decline [1] Economic Impact on Different Income Groups - The disparity in spending reflects the economic expansion post-pandemic, with wealthy households benefiting from stock market gains, while low-income families face significant inflationary pressures [1] - Lower credit score consumers may be experiencing stronger consumption suppression due to poor financial conditions or limitations on their credit availability [2] Overall Economic Indicators - The number of accounts with overdue payments has decreased, attributed to stricter loan approval processes and a relatively low unemployment rate, leading to a reduction in bad loan rates [2] - Consumer spending accounts for approximately two-thirds of total U.S. economic demand, with recent private sector data indicating a slowdown in overall spending in September [2] - The Federal Reserve's latest Beige Book report noted a slight decline in retail consumption in recent weeks, with high-income households increasingly driving consumption [2]

Core Insights - The global shift towards sustainable packaging is accelerating due to consumer demand, regulatory pressures, and business recognition of the strategic benefits of eco-friendly solutions [1] Group 1: Cost and Economic Constraints - A significant barrier for packaging purchasers is the higher cost of sustainable materials, which can be two to five times more expensive than traditional plastics [3] - The variability in consumer willingness to pay for sustainable packaging complicates the ability to pass these costs onto consumers, creating challenges in balancing sustainability goals with profit margins [4] - The demand for recycled materials is expected to exceed supply in the coming years, intensifying economic pressures on purchasers [4] Group 2: Performance and Functional Limitations - Sustainable packaging materials often do not meet the performance standards of conventional options, leading to potential issues such as increased product spoilage and reduced shelf appeal [5] - Addressing performance limitations may require investments in specialized machinery or the use of multiple materials, which can complicate manufacturing processes and affect recyclability [6] - Companies must carefully assess the trade-offs between environmental benefits and practical performance to maintain product integrity [6] Group 3: Regulatory Uncertainty and Compliance Challenges - The regulatory landscape for sustainable packaging is becoming increasingly complex, with varying rules across different regions, creating uncertainty for companies operating on a global scale [7]

Core Viewpoint - The Chinese government maintains an objective and fair stance on the Ukraine crisis, asserting that it is not a creator of the crisis and opposes the use of China as a scapegoat in international discussions [1] Group 1 - The Chinese government firmly opposes the imposition of economic pressure on China related to the Ukraine crisis [1] - The Chinese government emphasizes that it is not a party involved in the Ukraine crisis [1]

Core Viewpoint - China maintains an objective and fair stance on the Ukraine crisis, asserting that it is neither the creator of the crisis nor a party involved in it [1] Summary by Relevant Sections - **China's Position on the Ukraine Crisis** - China firmly opposes the use of its name in discussions related to the crisis and rejects any economic pressure directed at it [1] - **Response to U.S. Actions** - The Chinese government responds to reports of U.S. President Trump's willingness to impose tariffs on India and China to pressure Russia into negotiations, emphasizing its non-involvement in the crisis [1]

Core Viewpoint - The Chinese government firmly opposes any economic pressure imposed on China by foreign nations, particularly in the context of the Ukraine crisis, asserting its neutral stance and non-involvement in the conflict [2][3]. Group 1: China's Position on Economic Pressure - The Chinese Foreign Ministry spokesperson emphasized that China is not the creator of the Ukraine crisis and opposes the notion of applying economic pressure on China [2]. - The spokesperson reiterated China's consistent and objective stance regarding the Ukraine crisis, rejecting any attempts to involve China in the matter [2]. Group 2: China-Russia Relations - The spokesperson highlighted that China maintains a relationship with Russia based on principles of non-alignment, non-confrontation, and not targeting third parties [3]. - The year marks the 80th anniversary of the victory in the World Anti-Fascist War, with many countries, including Australia, commemorating this shared historical event [3].