在经济上，今年以来美国经济呈现一个宽幅震荡的趋势，虽然第二季度美国GDP增速有反弹，但更多的 是因为进口退坡带来的数据繁荣，并不是它的内需在显著扩大和增长。此外，关税也是一种课税，它会 对内需产生抑制和收缩效应。美国就业的转冷也比较明显，六月美国新增就业人数也是五年来首次由增 长转为萎缩。在物价方面，由于美国的进口商承担了大部分的关税，加上前期加征关税是分阶段实施， 且很多商品也进行了进口关税的豁免，所以物价的总体上涨是相对温和的。美国8月消费者价格指数 （CPI）同比上涨2.9%，相对来说也是近期比较高的水平。但是整体的关税压力现在传导得并不完全， 从美国大的外部环境来说，其关税措施及后期的贸易谈判还充满了很多的不确定性。 这次降息之后，如果没有大的一个变动，美国内政外交没有一个非常剧烈的波动，今年年底以前可能还 会有降息，那么明年也会有几次的降息。 目前来看，降息的进程主动权还是更多掌握在美联储手里，它或许更多是一种边降边看、边降边看的降 息方式。这次降息主要是考虑到八月美国对绝大多数国家实施的对等关税落地之后，物价的传导，特别 是对商品端及相关物流仓储服务的价格会走高。此外，降息的频次及幅度也要为将来防 ...

Core Viewpoint - The S&P Global Hong Kong Purchasing Managers' Index (PMI) rose to 50.7 in August, significantly above July's 49.2, marking the first return to expansion territory in seven months, indicating a notable improvement in the business environment [1] Group 1: Business Environment - The increase in PMI reflects a significant improvement in the business environment, despite ongoing declines in overseas and mainland orders due to U.S. tariff measures [1] - Overall order demand remains stable, primarily supported by the local Hong Kong market [1] Group 2: Employment and Production - Private enterprises have resumed hiring, although the increase is modest, as business operations become more active and order demand stabilizes [1] - The pace of procurement activity contraction has slowed down [1] Group 3: Cost and Pricing - Rising raw material prices have led to an increase in input costs, although the rise is more moderate compared to the previous month, while output prices remain largely stable [1] Group 4: Future Outlook - Several forward-looking indicators continue to trend downward, with businesses still working through backlogged orders and further reducing procurement activities, suggesting that production may rely on clearing backlogs for support [1]

日媒：日本经济再生大臣访美关税磋商行程取消 中新网8月29日电 据日本广播协会(NHK)等日媒报道，日本政府宣布，日本经济再生大臣赤泽亮正原定 于28日到30日的访美行程取消。 编辑：郭晋嘉 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 据报道，赤泽亮正原定于28日上午从东京羽田机场出发前往华盛顿，与特朗普政府内阁成员就美国关税 措施举行会谈。 报道称，这是由于日方在与美方的关税磋商过程中，发现了需要确认的事项。 目前，尚不确定赤泽亮正是否会重新前往美国。 来源：中国新闻网 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 ...

据泰媒报道，劳工部长蓬加文在政府大楼就替代返柬劳工的外劳引进事宜 接受采访时表示：内阁会议已批准签署斯里兰卡劳工引进谅解备忘录，目前该 国可立即提供1万名劳工，而当前注册人数已超3万人。这批劳工将作为补充力 量引入，同时还将引进菲律宾、印尼、尼泊尔等其他国家的劳工群体。当被问 及"有预测认为美国关税措施可能导致工厂关闭并加剧失业问题，劳工部将采 取哪些应对措施"时，蓬加文表示：泰国国内仍有相当充足的就业机会，只要 求职者不挑拣工作，相信所有人都能找到岗位。我们确信美国关税措施不会对 劳动力市场造成冲击。 （原标题：泰劳工部表示斯里兰卡劳工将填补柬埔寨劳工空缺） ...

Core Viewpoint - Hong Kong's economy continues to show resilience with a GDP growth of 3.1% year-on-year in Q2 2025, slightly higher than the previous quarter's growth of 3.0% [1][2] Economic Performance - The GDP for Q2 2025 increased by 0.4% compared to Q1 2025 after seasonal adjustment [1][2] - Private consumption expenditure rose by 1.9% year-on-year in Q2 2025, recovering from a decline of 1.2% in Q1 2025 [1] - Government consumption expenditure recorded a real increase of 2.5% year-on-year in Q2 2025, up from 0.9% in Q1 2025 [1] - Gross fixed capital formation increased by 2.9% year-on-year in Q2 2025, following a 1.1% rise in Q1 2025 [1] - Goods exports saw a significant increase of 11.5% year-on-year in Q2 2025, accelerating from 8.4% in Q1 2025 [1] - Goods imports rose by 12.7% year-on-year in Q2 2025, compared to a 7.2% increase in Q1 2025 [1] - Service output grew by 7.5% year-on-year in Q2 2025, up from 6.3% in Q1 2025 [1] - Service input increased by 7.0% year-on-year in Q2 2025, compared to 4.7% in Q1 2025 [1] External Factors - Strong external demand and improved local demand supported the economic expansion in Q2 2025 [2] - The "export rush" effect was driven by robust goods exports and a temporary easing of U.S. tariff measures [2] - The tourism sector's growth and increased cross-border transport contributed to the significant expansion of service output [2] Future Outlook - The outlook for Hong Kong's economy remains positive, supported by steady growth in the mainland economy and government measures to boost consumption and attract investment [3] - However, uncertainties in the external environment, including renewed U.S. tariffs and unclear interest rate policies, may impact future economic performance [3] - The anticipated decline of the "export rush" effect later in the year could also influence economic dynamics [3]

Group 1 - The Japanese government and the United States reaffirmed their positions regarding U.S. tariff measures and engaged in in-depth discussions [1]

Group 1 - The core viewpoint is that there is almost no evidence suggesting that any country can avoid the tariff measures imposed by the United States [1]

Group 1 - The Japanese government, led by Chief Cabinet Secretary Hiroshi Matsuno, is committed to addressing fiscal issues, including rice prices and energy concerns, as well as responding to U.S. tariff measures [1]

Core Viewpoint - The Governor of the Bank of Canada, Macklem, indicated that if the impact and uncertainty of U.S. tariff measures continue to spread in the economy, and if cost pressures on inflation are controlled, a rate cut may be necessary [1] Group 1 - The potential need for interest rate cuts is linked to the ongoing effects of U.S. tariffs on the Canadian economy [1] - The statement highlights the importance of managing inflationary cost pressures in the context of economic uncertainty [1] - The Bank of Canada is closely monitoring external economic factors that could influence domestic monetary policy decisions [1]

日本央行行长植田和男：美国关税措施对日本经济可能产生"某种程度的负面影响"，这将影响企业的冬 季奖金支付以及明年的工资谈判。 ...