Core Viewpoint - Germany has reintroduced an electric vehicle (EV) subsidy program worth €3 billion to stimulate market growth, contrasting with restrictive measures in other European countries that limit access for Chinese automakers [1][3]. Group 1: Subsidy Program Details - The new subsidy plan targets private consumers and applies to new registrations of pure electric vehicles, certain plug-in hybrids, and range-extended electric vehicles starting from January 1, 2026, until 2029 [3][4]. - Subsidy amounts range from €1,500 to €6,000 based on vehicle type, household size, and income level, with an expectation to support approximately 800,000 new vehicle purchases or leases [4]. Group 2: Market Impact and Industry Response - The German automotive industry association (VDA) welcomed the new subsidy plan but emphasized the need for improved infrastructure to ensure the program's effectiveness [4]. - Companies like Volkswagen and Stellantis are expected to benefit from the subsidy, as well as Chinese brands like BYD that are expanding in the European market [4]. Group 3: Trade Relations and Market Share - Recent negotiations between China and the EU regarding electric vehicle trade have shown positive progress, potentially allowing Chinese automakers to enter the EU market without facing anti-subsidy taxes [6][10]. - Chinese brands are gaining market share in Europe, with projections indicating that by November 2025, their share in the European electric vehicle market could reach a record 12.8% [7][10].

现在180度大掉头，为什么呢？就是对特朗普忍无可忍、不抱期待了。 特朗普正在亲手拆碎西方世界的墙。 最近，加拿大来了，这个曾经在孟晚舟事件中充当美国"打手"的加拿大，主动跑到北京谈合作。 应该说成果不错，彻底取消对中国电动汽车征收的100%附加关税，每年给出数万辆低税进口配额，续 签2000亿规模的本币互换，能源合作……一套组合拳下来，等于把在拜登时期纳的"反中投名状"撕得粉 碎。 其实，哪怕就在一年多前，加拿大还对中国电车课以106.1%的"惩罚性"重税，比欧盟还狠。 特朗普的美国优先，先砍自己人。 在懂王眼里，盟友、对手、甚至敌人都一样，就看对方有没有占美国便宜。 所以，他发现，全世界都占美国便宜，他去年就发动了全球关税战。 不过，中国这边实在打不动，但也就中国这边，其他方向上，特朗普还算打得得心应手。 对欧盟、日韩、加拿大之类加关税，看起来进展顺利。 对于加拿大，特朗普还不断扬言要吞并它。 你没看错，是吞并。特朗普团队甚至有人开始讨论，把整个加拿大纳入美国版图的可能性和"法律路 径"。 格陵兰岛他想要，连加拿大他也想一口吞下。他想要干嘛呢？ 加拿大75%的出口靠美国，进口一半以上来自美国。美军在加拿大有 ...

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Economic Overview - In 2025, China's GDP reached 1401879 billion yuan, growing by 5% year-on-year, with quarterly growth rates of 5.4%, 5.2%, 4.8%, and 4.5% respectively [2] - The industrial added value increased by 5.9%, while the service sector grew by 5.4%. Retail sales totaled 501202 billion yuan, up by 3.7% [2] - Fixed asset investment decreased by 3.8%, with a notable decline in real estate investment [3] Trade and Investment - Canada has reduced the import tax on Chinese electric vehicles to 6.1%, allowing an annual quota of 49,000 vehicles, which is a significant policy shift aimed at filling market gaps [4][5] - The adjustment in tariffs is expected to enhance the competitiveness of Chinese electric vehicles in the Canadian market, which has seen a decline in sales due to high costs and tariffs [5] Real Estate Market - In December 2025, new home prices in first-tier cities fell by 0.3%, with a notable increase in Shanghai, while overall new home sales area decreased by 8.7% year-on-year [6] - The real estate market is still in a bottoming phase, with a significant reduction in new supply and ongoing inventory pressure [7] Mobile Phone Industry - Several smartphone manufacturers, including Xiaomi and OPPO, have lowered their annual shipment forecasts due to rising storage costs, with reductions exceeding 20% for some brands [8] - The impact of rising storage prices is uneven across manufacturers, with larger firms like Apple and Samsung less affected [9] Solar Industry - Nine leading solar companies, including LONGi Green Energy and Tongwei Co., have announced expected losses for 2025, with Tongwei projecting a loss of 90 to 100 billion yuan [10] - The solar industry is facing significant challenges, including high inventory levels and price competition, leading to a prolonged period of losses [11] Wealth Disparity - The global wealth of billionaires reached a record 18.3 trillion USD in 2025, with a 16% increase in total wealth, highlighting a growing wealth gap amid stagnant poverty reduction efforts [12][13] - The AI sector's growth has significantly contributed to the increase in billionaire wealth, while ordinary residents face declining purchasing power due to inflation [13] Space Tourism - A startup has announced the opening of reservations for the world's first lunar hotel, aiming to begin operations by 2032, although the feasibility of such a project remains uncertain [14][15]

一、国际新闻 国际市场方面，美国天然气期货价格出现显著上涨，截至2026年1月20日7:37，涨幅已超16.00%，现报 3.600美元/百万英热，而在此前的7:00，其涨幅曾达到15.00%，价格为3.576美元/百万英热。 贵金属市场同样表现活跃，纽约期金突破4680美元/盎司，日内涨幅1.83%，现货白银日内涨5%，现报 94.58美元/盎司。 企业动态方面，OpenAI首席财务官萨拉・弗莱尔发布博客文章称，公司2025年年化营收已突破200亿美 元，较2024年的60亿美元大幅增长，营收增长与算力规模扩张密切相关，其算力规模已从2024年的0.6 吉瓦提升至2025年的1.9吉瓦，同时周活跃用户与日活跃用户数量持续刷新历史峰值。 此外，OpenAI计划于2026年推出首款硬件设备。 安全提醒方面，中国驻阿富汗使馆再次提醒中国公民暂勿前往阿富汗，已在阿公民和企业应遵守当地法 律法规，尊重宗教习俗，密切关注安全形势，加强安保措施，减少前往人员密集场所。 市场动态方面，白银连续主力合约日内涨5%，现报23376.00元。 政策与机构方面，欧元集团选定克罗地亚的武伊契奇担任下一任欧洲央行副行长。 德国政府19 ...

Market Performance - Major global indices mostly declined on Monday due to renewed trade tensions initiated by US President Trump, with the US stock market closed for Martin Luther King Jr. Day [1] - The WTI crude oil futures rose by 0.19% to $59.43 per barrel, while Brent crude oil futures increased by 0.08% to $64.18 per barrel [2] - COMEX gold futures surged by 1.77% to $4,676.7 per ounce, and COMEX silver futures jumped by 6.49% to $94.28 per ounce [2] Geopolitical Developments - President Trump refused to clarify whether he would use military force to acquire Greenland, stating "no comment" and criticizing European leaders for opposing the acquisition [3] - Denmark's Defense Minister and Greenland's Foreign Minister expressed their desire to maintain dialogue with the US regarding Greenland and NATO's role in the Arctic [4] - NATO Secretary-General emphasized the importance of the Arctic region for collective security and discussed Denmark's investment in key capabilities [5] Trade Relations - France plans to convene a G-7 meeting to address Trump's threats of tariffs against allies opposing the acquisition of Greenland [6] - The EU will hold an emergency summit to discuss Trump's tariff threats and evaluate potential countermeasures, emphasizing the need for communication rather than escalation [7] Corporate Developments - Federal Reserve Chairman Jerome Powell is set to attend a Supreme Court hearing regarding Trump's attempt to dismiss Fed Governor Lisa Cook [8] - Israel's military is prepared for multi-front threats and has heightened readiness to protect civilian lives amid potential large-scale attacks [9] - The North American Aerospace Defense Command (NORAD) will deploy aircraft to the US base in Greenland to support defense cooperation with Denmark and Canada [10] Industry Insights - Israel's Prime Minister Netanyahu opposes the inclusion of Qatar and Turkey in a proposed Gaza "peace committee," asserting that their military presence is unacceptable [11][12] - The UK Foreign Secretary stated that imposing tariffs on Europe lacks justification and could have counterproductive effects, emphasizing the need for cooperation in Arctic security [13] - Moldova has initiated legal procedures to exit the Commonwealth of Independent States (CIS), reflecting its shift towards European integration [14] Economic Policies - The French government is bypassing parliamentary votes to pass the 2026 budget, indicating sufficient support to avoid potential no-confidence motions [15] - Germany has reintroduced electric vehicle purchase subsidies, offering up to €6,000 to promote domestic electric vehicle production [16] Technological Advancements - OpenAI plans to launch its first hardware device in the second half of 2026, with further details expected later this year [17] - BHP expects its annual copper production to be between 1.9 million and 2 million tons, an increase from the previous estimate of 1.8 million to 2 million tons [18][19] - Google's Gemini AI model sales have surged, with API calls increasing over 100% to 85 billion and enterprise subscriptions reaching 8 million, potentially boosting Google Cloud revenue [20]

世界经济论坛开幕前发表的《2026年全球风险报告》指出，地缘经济对抗成为2026年首要风险，其次是国家间武装冲突、极端天气、社会极化以及错误和虚 假信息。在当前风险排名中，经济风险上升最快。报告警告称，"新竞争时代"加剧了地缘政治、经济风险，全球未来充满不确定性。 世界经济论坛总裁布伦德表示："在充满不确定性的时代，对话并非奢侈品，而是迫切需要……全球各地的领导人和创新者将齐聚一堂，共同探讨如何超越 分歧，深入了解瞬息万变的全球格局，并寻求应对当今和未来最严峻挑战的解决方案。" 【环球时报赴瑞士达沃斯特约记者 纪双城 环球时报驻美国特约记者 萧达 环球时报特约记者 王逸】一年一度的世界经济论坛年会将于1月19日至23日在瑞士 达沃斯举行。本届年会的主题为"对话的精神"。约65位国家元首和政府首脑将出席本届年会，其中美国总统特朗普率领达沃斯论坛史上"最大的美国代表 团"与会。特朗普将如何与世界其他国家领导人，特别是与欧洲领导人面对面，成为本届论坛最大看点。在全球形势持续动荡的背景下，中国经济的强大韧 性以及在全球经济治理等领域的作用受到普遍称赞。世界经济论坛总裁博尔格·布伦德接受采访时表示，中国在前沿科技领域加 ...

隔夜股市 | 标的 | 周一涨跌 | | --- | --- | | 上证指数 | 0.29% | | 深证成指 | 0.09% | | 恒生指数 | -1.05% | | 目经225指数 | -0.65% | | HEKOSPI | 1.32% | | CEDAX30 | -1.34% | | 法国CAC40 | -1.78% | | 英国官时100 | -0.39% | | 欧洲斯托克50 | -1.72% | | 纳斯达克指数 | 休市 | | 标普500指数 | 休市 | | 道琼斯指数 | 休市 | 受美国总统特朗普再次挑起贸易摩擦影响，全球主要指数周一多数下跌。美国股市因马丁·路德·金纪念 日休市。 商品市场 | 标的 | 周一涨跌 | | --- | --- | | NYMEX WTI原油 | 0.19% | | ICE布伦特原油 | 0.08% | | COMEX黄金 | 1.77% | | COMEX自银 | 6.49% | | NYMEX把金 | 3.33% | | NYMEX天然气 | 8.97% | | LME铜 | 1.28% | | LME铝 | 1.12% | | LME锌 | ...

Core Viewpoint - The Canadian Prime Minister announced a significant policy shift by reducing tariffs on Chinese electric vehicles from 100% to 6.1%, allowing 49,000 vehicles to enter the market at a preferential rate, marking the end of nearly two years of high tariffs [1][2]. Group 1: Policy Changes - The decision to allow 49,000 Chinese electric vehicles at a 6.1% Most Favored Nation tariff rate restores trade conditions to pre-trade friction levels [1]. - This policy change signifies a rejection of the previous government's decision to impose a 100% tariff on Chinese electric vehicles, indicating a shift in Canada's approach to trade with China [1][2]. Group 2: Economic Implications - The quota of 49,000 vehicles represents only about 3% of Canada's annual car sales, but the political implications are substantial, signaling Canada's desire to not blindly follow U.S. strategies against China [1][2]. - In 2024, the total trade volume between Canada and China is projected to reach 118 billion CAD, with China being Canada's second-largest trading partner, highlighting the importance of diversifying trade relationships [2][3]. Group 3: Public Sentiment and Support - A poll by Ipsos indicates that 54% of Canadians support strengthening trade ties with China, and 60% favor eliminating tariffs on Chinese electric vehicles, reflecting a strong public backing for the government's policy shift [3]. - Over 70% of Canadians are willing to accept "slower economic growth" in exchange for reduced dependence on the U.S., further supporting the government's new trade direction [3]. Group 4: Strategic Positioning - Canada is seeking a new balance between the U.S. and China, moving away from being a mere echo of U.S. policies, as evidenced by the Prime Minister's strategic announcement during his visit to China [2][4]. - The signing of the "China-Canada Economic and Trade Cooperation Roadmap" and the elevation of the bilateral economic committee to a ministerial level are steps taken to enhance the stability of Canada-China relations [4]. Group 5: Broader Implications - Canada's policy shift may serve as a precedent for other Western nations facing similar dilemmas, as it reflects a growing trend of seeking strategic autonomy within the Western alliance [4][5]. - The adjustment in trade policy not only signals a reconfiguration of global power dynamics but also highlights the challenges faced by countries in navigating U.S. unilateralism and the desire for independent foreign policy [5].

1月19日，外交部发言人郭嘉昆主持例行记者会。 每日经济新闻综合自北京日报、央视新闻 （文章来源：每日经济新闻） 波兰通讯社记者提问，波兰媒体报道称，波兰军队正考虑禁止中国电动汽车进入军事基地，理由是存在收集敏感数据的风险。中方对此有何评论？ "我们注意到相关的报道。中方一贯认为，应该避免泛化国家安全的概念。"郭嘉昆回应。 ...