据环球时报报道援引美国《华盛顿邮报》社论表示，在美国政府对中国输美商品竖起了关税壁垒之后，中国利用这一强大的影响力来源进行了反制：对部分 中重稀土相关物项实施出口管制。因此，美国针对中国发起的贸易战已危及美国的国家安全。美国政府似乎在其挑起的贸易战中误判了双方的力量对比。当 中国是美国众多产品的唯一来源时，中国就能够以极具杀伤力的方式对美关税举措进行反制。对稀土问题的误判尤为严重，因为这直接威胁到美国的军事优 势。 特朗普（资料图） 不难看出，在被中方打痛了之后，美方会在对华态度和立场进行持续审视与调整。另外，稀土问题也很关键，特朗普估计还是不甘心，想在稀土上争取一 下，毕竟中国自从对稀土实施出口管制，直接切中了美国军工产业的命门。在中美会谈前，美方就希望中国取消对美稀土出口限制，对此，中方当时就严正 宣布：严打战略矿产走私。 美方在谈判中提出的核心要求之一，便是要求中国取消中重稀土出口的审批限制。中国对稀土出口设置审批机制，是基于国家安全、产业链控制和战略自主 的综合考量。此前，为反制美方的高关税政策，中国出台这一限制措施，精准打击了美国高科技企业的供应链，令其库存告急、生产受阻。而美国却妄图以 所谓的"条 ...

Group 1 - The government guidance fund plays a crucial role in technology innovation by addressing the most critical yet underfunded parts of the technology innovation funding chain [2] - The National Technology Achievement Transformation Guidance Fund aims to accelerate the transformation and application of technological achievements, encouraging social and local government investment [2] - China's technology achievement transformation rate has increased from 25% in 2010 to 35% currently, but there remains a significant gap compared to developed countries [2] Group 2 - The first reason for the existing gap is the disconnection between the innovation chain and the industrial chain, with early-stage VC and angel investment being insufficient for high-tech projects [3] - The second reason is a cognitive deviation, where indirect financing dominates and emphasizes collateral, which does not align with the asset-light nature of high-tech ventures [3] - The third reason involves a misalignment between government goals and market behavior, as metrics for evaluating universities focus on the number of patents rather than their conversion into tangible results [3] Group 3 - Recent central policies, including support for science and technology innovation bonds and the expansion of equity investment pilot programs, have significantly broadened financing channels for high-tech sectors [4] - The government guidance fund is expected to organize and coordinate these funds, establish a mother fund, and play a leading role in mobilizing and directing social resources into technology enterprises [4]

(Reuters) 桃井裕理：中国之所以强硬，是因为中国从第一次特朗普政府的贸易战以来，历经七年推进了相关准 备，核心是推动经济结构转型，打造没有美国也能生存的经济。2018年至今新增出口额超过1万亿美 元，相当于中国每年对美出口额的两倍…… 桃井裕理： 特朗普政府于美国东部时间14日凌晨0点1分（北京时间下午12点1分）将对中国的追加关税 从145%下调了115%。对800美元以下的小额货物征收120%的关税或每件100美元的关税，也一并降至 54%。面对中国的反制，美国并未再反击，而是退让了。 美国对中国的追加关税目前是10%的基础对等关税税率，再加上之前以打击非法药品为名设定的20%， 总共为30%。 特朗普于4月2日宣布对中国征收34%的对等关税，中国则采取了全面抗争的姿态而非谈判解决。美国将 对等关税提高至84%、125%，中国就以相同水平回应，最终美方对中方的追加关税达到了145%。 中国之所以强硬，是因为中国从第一次特朗普政府的贸易战以来，历经七年推进了相关准备，其核心是 推动经济结构转型，打造没有美国也能生存的经济。 中国对美以外国家的出口额在2018年至今的六年间增加了超过1万亿美元，总出口 ...

Core Insights - The Hong Kong IPO market is experiencing significant growth, with 21 companies going public from January 1 to May 13, representing an increase of 6 companies compared to the same period last year. The total IPO financing reached HKD 234.72 billion, a remarkable increase of 198.33% year-on-year [1][2]. Group 1: IPO Market Performance - In May alone, 8 companies submitted IPO applications, with a notable concentration on May 9 when 4 companies filed simultaneously. As of May 13, 5 companies have passed the hearing process, while over 150 are still under review [1]. - The upcoming IPO of CATL (宁德时代) is expected to be a major event, with an estimated fundraising of USD 4 billion to USD 5 billion [1]. - The primary sectors contributing to the IPOs include consumer services, non-ferrous metals, and biopharmaceuticals, with new consumption and technology companies dominating the landscape. The top three fundraising sectors are consumer services (HKD 60.03 billion), non-ferrous metals (HKD 56.23 billion), and biopharmaceuticals (HKD 26.69 billion) [1]. Group 2: Financing and Market Sentiment - Among the 21 IPOs, 11 companies raised over HKD 700 million, 9 companies raised over HKD 1 billion, and 4 companies raised over HKD 2 billion. The top three fundraising companies are Mixue Group (HKD 39.73 billion), Chifeng Jilong Gold Mining (HKD 32.45 billion), and Nanshan Aluminum International (HKD 23.79 billion) [2]. - The average first-day increase for new stocks is 11.83%, with 7 stocks rising over 20% and 4 stocks over 40%. The top performers are Yingen Biotechnology (116.70%), Mixue Group (43.21%), and Blucora (40.03%) [2]. - The first-day IPO failure rate is 23.81%, which is lower than the average failure rate of 34.29% for the entire year of 2024, indicating a recovering market sentiment [2]. Group 3: Market Drivers and Future Outlook - The surge in the IPO market is attributed to three main factors: advancements in AI technology boosting market sentiment, improved liquidity due to the Federal Reserve's interest rate cuts, and a noticeable profit-making effect from new stock investments attracting both institutional and individual investors [3]. - Looking ahead to 2025, the IPO market is expected to see several large A+H model listings, with total fundraising potentially recovering to 40% to 50% of pre-pandemic levels, estimated to reach USD 17 billion to USD 20 billion [3].

Core Viewpoint - The article highlights the growing recognition and importance of the China-Latin America relationship, emphasizing mutual benefits and cultural exchanges as key components of this partnership [1][4][7]. Group 1: Survey Findings on Perceptions of Latin America - 97% of Chinese respondents can accurately identify at least one Latin American country, with Brazil and Mexico being the most recognized [2]. - The most common impressions of Latin America include "passionate" (55%), "optimistic" (43%), and "creative" (39%) [3]. - 53% of respondents believe that the happiness index of Latin Americans is high or very high, and 89% view Latin America's economic development as moderate or above [3]. Group 2: Recognition of Mutual Benefits - 83% of respondents believe that cooperation between China and Latin America is mutually beneficial, with 91% acknowledging Latin American countries' roles in the Belt and Road Initiative [4]. - The survey indicates that 87% of respondents have used or purchased products from Latin America, with cherries being the most popular [3]. Group 3: Challenges and Opportunities - The primary obstacle to China-Latin America relations is perceived to be "U.S. pressure and provocation," chosen by 41% of respondents [6]. - Nearly half (48%) of respondents believe that U.S. tariffs will disrupt global trade and negatively impact China-Latin America trade [5][6]. Group 4: Future Cooperation Areas - Respondents identified key areas for future cooperation, including "green development and environmental protection," "trade investment," and "infrastructure construction" [7]. - 57% of respondents believe that Latin America's position in global governance will rise in the future [9]. Group 5: Cultural Interests and Exchanges - 97% of respondents express high interest in various aspects of Latin American culture, with history and ancient civilizations being the most appealing [8]. - Brazil is the most desired travel destination among Chinese respondents, with 48% expressing interest [8].

Group 1 - The China Securities Regulatory Commission (CSRC) has announced the trading schedule for the May Day holiday, with the market reopening on May 6 after a five-day break [1] - The investigation of CSRC Vice Chairman Wang Jianjun has raised concerns among investors, although the number of new stocks is expected to increase this year compared to last year, potentially leading to a rise in the total market capitalization of A-shares [1] - There are existing loopholes in the investment protection system, allowing some companies to manipulate stock prices and evade responsibilities through delisting [1] Group 2 - Despite the A-shares missing out on the recent bullish trends in global markets during the holiday, there is an expectation for a rebound in the A-share market post-holiday [3] - The current market is seen as being in a late stage, with a gradual stabilization expected, supported by sectors such as banking, real estate, and electricity [5] - The performance of the securities sector is critical for the overall market stability and upward movement, as its rebound has been below market expectations [6] Group 3 - The A-share market's performance after the holiday remains uncertain, and market participants are advised to observe the developments closely [7]

Core Viewpoint - The U.S. and China have not engaged in any negotiations regarding tariffs, contradicting claims from the Trump administration that talks were ongoing [1][3][30] Group 1: U.S. Position and Actions - The Trump administration has repeatedly claimed to be in negotiations with China, but these assertions have been firmly denied by Chinese officials [3][5] - U.S. Treasury Secretary Mnuchin's admission of uncertainty regarding Trump's claims of negotiations indicates a lack of actual dialogue [5] - The U.S. is attempting to create a false narrative of negotiations to stabilize market sentiment and project a psychological advantage over China [5][8] Group 2: China's Response and Strategy - China maintains a clear stance: it is open to negotiations but insists that any discussions must be based on equality and respect [8][18] - Chinese officials have actively countered U.S. claims, emphasizing that the trade conflict was initiated by the U.S. and that they are prepared to respond firmly [18][20] - China's strategic measures include imposing tariffs on U.S. goods and controlling exports of rare earth materials, which are critical for U.S. military and high-tech industries [24][26] Group 3: Economic and Political Context - The U.S. economy is showing signs of distress, with a reported GDP contraction of 0.3% in Q1 2025, raising questions about the effectiveness of the tariff strategy [8][10] - The U.S. stock market has experienced significant losses, with a drop of approximately $6.6 trillion in market value following the announcement of tariff policies [10] - Trump's approval ratings have plummeted to a record low of 39%, reflecting growing domestic dissatisfaction with his administration's handling of the trade conflict [10][13] Group 4: Global Implications and Future Outlook - The trade conflict has led to a backlash against U.S. unilateralism, with allies like the EU and Japan expressing discontent [14][18] - The ongoing tariff war is not just a trade issue but a reflection of broader geopolitical shifts, with the U.S. struggling to adapt to a multipolar world [28] - China's ability to diversify its export markets and maintain a stronghold on critical resources positions it favorably in the ongoing trade dispute [20][26]

Core Viewpoint - Small and micro enterprises are crucial for stabilizing the economy and ensuring employment, as well as being important sources of innovation. The China Construction Bank is actively supporting these enterprises by providing financing and services tailored to their needs [1]. Group 1: Financing Initiatives - China Construction Bank has injected funds into over 1.25 million enterprises, with a total credit exceeding 1.5 trillion yuan [1]. - The bank has established a "236" work mechanism to enhance customer service and address the actual difficulties faced by enterprises [2]. - The bank's approach includes a six-step method for client visits, focusing on identifying and solving problems [2]. Group 2: Problem-Solving and Support - During visits, the bank collects detailed information on the challenges faced by enterprises and develops tailored solutions [3]. - A specific case involved a small technology company that received a customized financing solution after resolving a legal issue, resulting in a loan of 670,000 yuan [3]. Group 3: Sector-Specific Services - The bank provides differentiated services for key sectors such as foreign trade, technology, consumption, and agriculture, implementing "one enterprise, one policy" strategies [4]. - A foreign trade company received a 2 million yuan loan and additional support for managing exchange rate risks and logistics costs [4]. - A technology company focused on the pig farming industry was able to secure a specialized credit loan quickly, enhancing its financing efficiency [5]. Group 4: Consumer and Agricultural Support - A consumer goods company successfully obtained a 300,000 yuan loan to alleviate financial pressure from rising raw material costs [6]. - An agricultural financing model was developed for apple growers, allowing for quick, unsecured loans to support the expansion of the apple industry [7]. Group 5: Sustainable Financial Mechanisms - The bank is addressing issues like "difficulties in renewing loans" and "reluctance to lend" by implementing sustainable financial service mechanisms [8]. - A medical technology company benefited from a quick loan renewal process, demonstrating the bank's responsiveness to client needs [8]. Group 6: Risk Management and Support - The bank has established a "duty exemption" policy for credit staff, encouraging them to support enterprises without fear of penalties for unforeseen loan defaults [9]. - The bank aims to enhance the precision and accessibility of financial services for small and micro enterprises, contributing to high-quality economic development [9].

日本国驻重庆总领事馆总领事高田真里表示，日本与四川省存在着深厚的关联，制造业、服务零售业等 众多领域的日本企业落户四川。目前日企正持续扩大在川布局，两地始终积极探索新的商业合作机遇。 据了解，大阪世博会中国馆四川活动周于本月28日至30日举行，其间举办开幕式、经贸展览、推介洽 谈、文旅展演、城市推介等系列活动，推动四川与日本深化经贸、科技、文化、友城等各领域交流合 作。28日在成都举办的恳谈会以四川活动周为契机，更进一步推动双边经贸投资合作。 在此次恳谈会现场，与会单位和企业代表围绕经济现状及企业所面临的问题等进行了交流，并连线观看 了四川活动周大阪会场的精彩场景。(完) 四川省贸促会副会长雷学杰表示，四川省贸促会将更好发挥联通政企、融通内外、畅通供需的独特功 能，会同政府有关部门和对口机构，搭建更多经贸促进平台、政企对话平台和工商合作平台。 （文章来源：中国新闻网） 中新网成都4月28日电(单鹏)日本大阪世博会中国馆四川活动周在川日资企业恳谈会(以下简称恳谈会)28 日在成都举行。 "我来成都快5年了，切实感受到成都是一座生活和商业均衡发展的城市。"成都日本商工俱乐部会长岩 间征人表示，成都除了拥有传统的制 ...

马耳他工商会发言人蕾切尔·邦迪·阿塔尔德日前接受新华社记者专访时表示，美国政府对欧盟商品加征 关税极有可能导致"双输"局面，促使包括马耳他在内的国家加速拓展与全球其他贸易伙伴合作。 近期，美国政府在全球范围内挥舞"关税大棒"，宣布对包括欧盟在内的所有贸易伙伴征收所谓"对等关 税"，而且关税政策朝令夕改。此举不仅导致全球金融市场震荡，更引发市场对美国经济衰退和全球经 济形势恶化的担忧。欧盟委员会发布公报说，美国政府加征关税措施缺乏正当依据，不仅损害欧美双方 经济利益，也给全球经济稳定带来不利影响。 阿塔尔德认为，美国政府关税政策不仅会推高欧美双方贸易成本和抑制需求，还将对全球商业环境持续 造成重压，严重打击企业信心。 谈及马耳他所面临的影响，阿塔尔德表示，尽管马耳他与美国之间的直接贸易额不大，但作为欧盟成员 国，其经济高度依赖与欧盟主要国家的经贸联系，因此欧美之间的贸易争端将通过欧洲经济波动间接影 响马耳他。 新华社瓦莱塔4月22日电 专访｜美加征关税将促使马耳他在内国家加速与他国合作——访马耳他工商 会发言人阿塔尔德 新华社记者陈文仙 根据马耳他国家统计局近日公布的数据，今年前两个月，马耳他与美国的商品贸易额 ...