Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The 12 - month contract is expected to fluctuate, while the February contract is expected to fluctuate strongly. There is currently no arbitrage opportunity. The far - month contracts face the pressure of the Suez Canal's resumption of navigation, and their valuations may be revised downward. The implementation of the price increase in January and the delivery of container ships in 2025 need to be closely monitored [6][8]. Summary by Related Catalogs 1. Futures Price - As of December 4, 2025, the total open interest of all contracts of the container shipping index (European line) futures was 64,733 lots, and the single - day trading volume was 31,055 lots. The closing prices of EC2602, EC2604, EC2606, EC2608, EC2610, and EC2512 contracts were 1585.00, 1090.10, 1255.10, 1385.60, 1040.20, and 1649.10 respectively [6]. 2. Spot Price - Online quotes from various shipping companies show price changes from December. For example, Maersk's Shanghai - Rotterdam price increased from 1440/2240 in the second week of December to 1530/2400 in the third week, and it announced a price increase letter of 2275/3500 for January. The upper - half - month price of MSC + Premier Alliance was 1485/2465 in December, and the lower - half - month price was 1605/2665. The 12 - month contract settlement price is the arithmetic average of the SCFIS on December 15th, 22nd, and 29th. The preliminary estimate of SCFIS on December 15th is around 1600 - 1650 points, and around 1700 - 1750 points on December 22nd [1][4]. 3. Container Ship Capacity Supply - In December, the monthly average weekly capacity was 318,400 TEU, and in January, it was 328,000 TEU, with 4 blank sailings in December and 3 TBNs in January (all from the OA Alliance). Maersk added an extra - sailing ship in week 51. As of November 29, 2025, 243 container ships had been delivered in 2025, with a total capacity of 1.985 million TEU [3][7]. 4. Supply Chain - Maersk and Hapag - Lloyd launched a Cape of Good Hope network due to the ongoing turmoil in the Red Sea. There is currently no specific time to change the east - west route of the Gemini to pass through the Red Sea. The resumption of the Suez Canal in 2026 may increase the effective capacity supply and put downward pressure on freight rates [2][6]. 5. Demand and European Economy - No specific content directly related to demand and European economy analysis is provided in the text other than some data charts mentioned, so no detailed summary can be made.

Core Viewpoint - The meeting between the Vice Minister of Transport of China and the CEO of CMA CGM highlights the importance of collaboration in the shipping industry, focusing on sustainable and intelligent shipping practices, as well as talent development [1] Group 1: Company Overview - CMA CGM is recognized as a leading company in the international shipping industry, with a strong commitment to cooperation with Chinese shipping enterprises [1] - The CEO of CMA CGM expressed confidence in China's development and the potential for mutual benefits through close communication and various forms of collaboration [1] Group 2: Areas of Cooperation - The discussion emphasized the need for deeper cooperation in green shipping, intelligent shipping, and talent cultivation between CMA CGM and Chinese enterprises [1] - Following the meeting, agreements were signed between CMA CGM and Dalian Maritime University and Shanghai Maritime University to enhance shipping talent training [1]

1. Report Industry Investment Rating The document does not provide the industry investment rating. 2. Core View of the Report - Overall, the macro - environment in the fourth quarter is still friendly to risk assets. It is recommended that investors maintain a balanced allocation, hold long positions in stock indices, non - ferrous metals, and precious metals, and wait for opportunities to increase positions in stock indices on dips [6]. 3. Summary by Relevant Catalogs 3.1 Overseas and Domestic Macroeconomic Situation - **Overseas Macro**: US "Black Friday" and "Cyber Monday" online sales reached record highs, but consumers preferred daily necessities and more people borrowed short - term debt for shopping. The weak demand dragged down the US ISM manufacturing PMI in November. Dollar liquidity is becoming the main line of major assets in the next quarter, and the market expects the Fed to discuss balance - sheet expansion around December to ease liquidity constraints [6]. - **Domestic Macro**: In October, the profit margin of industrial enterprises continued to be under pressure due to weak domestic demand. However, policy - based financial instruments and special bonds promoted the significant recovery of enterprise investment and recruitment forward - looking indicators. In November, the manufacturing PMI rebounded, and both supply and demand improved marginally. The construction business activity index also increased. The domestic economy maintains a weak and stable pattern, and the guiding role of policies on expectations is strengthening [6]. 3.2 Asset Views - The overall allocation idea in the fourth quarter remains unchanged. It is recommended to maintain long - position opportunities in stock indices, non - ferrous metals, and precious metals, and wait for opportunities to increase positions in stock indices on dips [6]. 3.3 View Highlights 3.3.1 Financial Sector - **Stock Index Futures**: The trading volume cannot support an upward attack, and the short - term judgment is a volatile upward trend. Attention should be paid to the situation of incremental funds [7]. - **Stock Index Options**: The market sentiment is stable, and the volatility is somewhat differentiated. The short - term judgment is a volatile trend. Attention should be paid to the liquidity of the options market [7]. - **Treasury Bond Futures**: The sentiment at the long end is still weak. The short - term judgment is a volatile upward trend. Attention should be paid to the implementation of monetary policies [7]. 3.3.2 Precious Metals Sector - **Gold/Silver**: Geopolitical and trade tensions have eased, and precious metals are in a phased adjustment. The short - term judgment is a volatile trend. Attention should be paid to the US fundamentals, Fed monetary policies, and the global equity market trend [7]. 3.3.3 Shipping Sector - **Container Shipping to Europe**: The peak season in the third quarter has passed, and there is a lack of upward driving force due to loading pressure. The short - term judgment is a volatile trend. Attention should be paid to the rate of freight decline in September [7]. 3.3.4 Black Building Materials Sector - **Iron Ore**: The supply - demand contradiction is not significant, and the price fluctuates. The short - term judgment is a volatile trend. Attention should be paid to policy - level dynamics [7]. - **Steel**: The demand is under pressure in the off - season, and the price on the futures market has limited upward momentum. The short - term judgment is a volatile trend. Attention should be paid to the issuance progress of special bonds, steel exports, iron - water production, and other factors [7]. - **Coke**: The supply - demand situation is slightly loose, and the price is still under pressure. The short - term judgment is a volatile trend. Attention should be paid to steel mill production, coking costs, and macro - sentiment [7]. - **Coking Coal**: The supply remains at a low level, and coal mines continue to accumulate inventory. The short - term judgment is a volatile trend. Attention should be paid to steel mill production, coal mine safety inspections, and macro - sentiment [7]. - **Silicon Ferroalloy**: The supply and demand are both weak, and there is limited upward momentum. The short - term judgment is a volatile trend. Attention should be paid to raw material costs and steel tendering [7]. - **Manganese Ferroalloy**: The cost transfer is not smooth, and inventory accumulates. The short - term judgment is a volatile trend. Attention should be paid to cost prices and foreign quotes [7]. - **Glass**: The demand is still weak, and supply needs to be reduced. The short - term judgment is a volatile trend. Attention should be paid to spot sales [7]. - **Soda Ash**: The supply remains at a low level, and there is still an oversupply. The short - term judgment is a volatile trend. Attention should be paid to soda ash inventory [7]. 3.3.5 Non - Ferrous Metals and New Materials Sector - **Copper**: The expectation of Fed rate cuts is fluctuating, and the copper price is consolidating at a high level. The short - term judgment is a volatile upward trend. Attention should be paid to supply disruptions, domestic policies, Fed policies, and domestic demand recovery [7]. - **Alumina**: The oversupply situation has not improved significantly, and the alumina price continues to be under pressure. The short - term judgment is a volatile trend. Attention should be paid to ore复产 and electrolytic aluminum复产 [7]. - **Aluminum**: The macro - sentiment is fluctuating, and the aluminum price is oscillating at a high level. The short - term judgment is a volatile upward trend. Attention should be paid to macro - risks, supply disruptions, and demand [7]. - **Zinc**: The export window is open, and the zinc price is oscillating at a high level. The short - term judgment is a volatile trend. Attention should be paid to macro - risks and zinc ore supply [7]. - **Lead**: The delivery of LME lead has slowed down, and the lead price may gradually stop falling. The short - term judgment is a volatile upward trend. Attention should be paid to supply disruptions and battery exports [7]. - **Nickel**: There are environmental disturbances in Indonesian MHP production enterprises, and the nickel price fluctuates. The short - term judgment is a volatile downward trend. Attention should be paid to macro - and geopolitical changes, Indonesian policies, and supply [7]. - **Stainless Steel**: Driven by the rebound of the nickel price, the stainless - steel futures market has recovered. The short - term judgment is a volatile trend. Attention should be paid to Indonesian policies and demand growth [7]. - **Tin**: The market sentiment has warmed up, and the tin price is oscillating at a high level. The short - term judgment is a volatile upward trend. Attention should be paid to the复产 expectation in Wa State and demand improvement [7]. - **Industrial Silicon**: The oversupply pressure remains, and the silicon price fluctuates. The short - term judgment is a volatile trend. Attention should be paid to supply - side复产 and policy changes [7]. - **Polysilicon**: Policy expectations are fluctuating, and polysilicon is oscillating at a high level. The short - term judgment is a volatile trend. Attention should be paid to supply - side复产 and domestic photovoltaic policies [7]. - **Lithium Carbonate**: Driven by demand expectations, the lithium price has strengthened again. The short - term judgment is a volatile trend. Attention should be paid to demand, supply disruptions, and new technological breakthroughs [7]. 3.3.6 Energy and Chemical Sector - **Crude Oil**: The geopolitical premium is fluctuating, and the supply pressure continues. The short - term judgment is a volatile trend. Attention should be paid to OPEC+ production policies and the Middle East geopolitical situation [9]. - **LPG**: The import cost has rebounded, and the spot support continues. The short - term judgment is a volatile trend. Attention should be paid to the cost progress of crude oil and overseas propane [9]. - **Asphalt**: The asphalt futures price is recovering towards the spot price after an oversold situation. The short - term judgment is a volatile trend. Attention should be paid to sanctions and supply disruptions [9]. - **High - Sulfur Fuel Oil**: The fuel oil futures price is weakly oscillating. The short - term judgment is a volatile downward trend. Attention should be paid to geopolitics and crude oil prices [9]. - **Low - Sulfur Fuel Oil**: The low - sulfur fuel oil futures price is weakly oscillating. The short - term judgment is a volatile downward trend. Attention should be paid to crude oil prices [9]. - **Methanol**: The expected coastal unloading is high, and the inland supply - demand provides phased support. The short - term judgment is a volatile trend. Attention should be paid to macro - energy and overseas actual shutdown dynamics [9]. - **Urea**: The off - season storage is progressing steadily, and the futures market is oscillating. The short - term judgment is a volatile trend. Attention should be paid to enterprise inventory de - stocking and commercial storage progress [9]. - **Ethylene Glycol**: The domestic supply - demand pattern has not significantly weakened, but expectations are suppressing sentiment. The short - term judgment is a volatile trend. Attention should be paid to coal and oil price fluctuations, port inventory rhythm, and device disturbances [9]. - **PX**: The short - term cost guidance is limited, and PX has a strong profit under its independent logic. The short - term judgment is a volatile upward trend. Attention should be paid to crude oil fluctuations, macro - changes, and US - Asia aromatics blending for oil [9]. - **PTA**: The market lacks new drivers and follows cost fluctuations. The short - term judgment is a volatile upward trend. Attention should be paid to crude oil fluctuations, macro - changes, and downstream polyester load support [9]. - **Short - Fiber**: The upstream cost provides support, but the off - season demand cannot change the short - fiber game pattern. The short - term judgment is a volatile upward trend. Attention should be paid to downstream yarn factory purchasing rhythm and season conversion [9]. - **Bottle Chip**: The price volatility has narrowed, and the trading atmosphere has slightly declined. The short - term judgment is a volatile upward trend. Attention should be paid to bottle - chip enterprise production - reduction target implementation and new device commissioning [9]. - **Propylene**: The spot is strong, and PL is oscillating. The short - term judgment is a volatile trend. Attention should be paid to oil prices and the domestic macro - situation [9]. - **PP**: The oil price has rebounded, and PP still needs to pay attention to maintenance changes. The short - term judgment is a volatile trend. Attention should be paid to oil prices and domestic and foreign macro - situations [9]. - **Plastic**: The maintenance support is limited, and plastic is oscillating. The short - term judgment is a volatile trend. Attention should be paid to oil prices and domestic and foreign macro - situations [9]. - **Styrene**: The liquidity is slightly tight, and styrene is oscillating strongly. The short - term judgment is a volatile upward trend. Attention should be paid to oil prices, macro - policies, and device dynamics [9]. - **PVC**: With low valuation and weak expectations, PVC is cautiously weak. The short - term judgment is a volatile trend. Attention should be paid to expectations, costs, and supply [9]. - **Caustic Soda**: The inventory continues to accumulate, and caustic soda is weakly oscillating. The short - term judgment is a volatile downward trend. Attention should be paid to market sentiment, production, and demand [9]. 3.3.7 Agricultural Sector - **Oils and Fats**: The downward pressure is increasing. The short - term judgment is a volatile trend. Attention should be paid to US soybean weather and Malaysian palm oil production and demand data [9]. - **Protein Meal**: The discount of South American soybeans is cost - effective, and attention should be paid to Chinese ship - buying. The short - term judgment is a volatile trend. Attention should be paid to weather, domestic demand, macro - situation, and Sino - US and Sino - Canadian trade wars [9]. - **Corn/Starch**: The supply - demand game intensifies, and the futures price hits a new high. The short - term judgment is a volatile upward trend. Attention should be paid to demand, macro - situation, and weather [9]. - **Pigs**: The supply - demand is loose, and the pig price is running weakly. The short - term judgment is a volatile downward trend. Attention should be paid to breeding sentiment, epidemics, and policies [9]. - **Natural Rubber**: The downstream buying is light, and the futures market is weak. The short - term judgment is a volatile trend. Attention should be paid to production area weather, raw material prices, and macro - changes [9]. - **Synthetic Rubber**: There is insufficient bullish driving force in the futures market. The short - term judgment is a volatile trend. Attention should be paid to crude oil fluctuations [9]. - **Cotton**: The concentrated listing of new cotton suppresses the short - term price, but the long - term valuation repair is still expected. The short - term judgment is a volatile trend. Attention should be paid to production and demand [9]. - **Sugar**: The downward pressure is increasing marginally. The short - term judgment is a volatile downward trend. Attention should be paid to imports and Northern Hemisphere production [9]. - **Pulp**: Driven by shutdown news, the pulp price continues to rise but maintains a wide - range oscillation. The short - term judgment is a volatile trend. Attention should be paid to macro - economic changes and US dollar - denominated price fluctuations [9]. - **Double - Glued Paper**: The spot price is stable, and the futures market is oscillating. The short - term judgment is a volatile trend. Attention should be paid to production and sales, education policies, and paper mill production dynamics [9]. - **Log**: New Zealand has entered a reduced - shipping stage, and the medium - term supply pressure may ease. The short - term judgment is a volatile trend. Attention should be paid to shipping volume and delivery volume [9].

Group 1 - Global shipping freight rates for bulk commodities are experiencing a rare year-end increase due to disruptions in supply chains caused by conflicts, sanctions, and production surges [1] - The average daily cost of shipping crude oil on major global routes has surged by 467% this year, while liquefied natural gas (LNG) and iron ore shipping rates have increased by over four times and more than two times, respectively [1] - Shipping executives anticipate that the overall market supply tightness will persist at least until early next year, indicating a highly strained shipping market [1] Group 2 - Despite a slight decline in freight rates from peak levels by the end of November, high transportation costs continue to trigger chain reactions throughout the shipping market, leading U.S. LNG buyers to consider delaying cargo loading [2] - The international container shipping prices have seen a decrease, with the Drewry World Container Index dropping by 2% to $1,806 per 40-foot container, primarily due to falling rates on trans-Pacific and Asia-Europe routes [2] - Major U.S. retailers, such as Walmart, have rushed to import goods to avoid tariffs imposed by the White House, creating an early "peak season" but potentially weakening freight prospects for the remainder of the year [2]

Group 1: Shipping Industry - The Baltic Dry Index (BDI) reached 2845 points on December 3, marking a 9.42% increase in a single day, the largest daily gain in nearly two months, and has risen for 15 consecutive trading days with a cumulative increase of 46% over the past month, indicating a strong recovery in the dry bulk shipping market [1] - Global shipping rates for commodities have surged due to disruptions caused by conflicts, sanctions, and increased production, with daily earnings for oil transport on major routes increasing by 467%, while liquefied natural gas and iron ore freight rates have more than tripled and doubled, respectively [1] - The container shipping market is also showing signs of recovery, with a price increase on the Asia-Europe route since November, as major shipping companies like CMA CGM, Hapag-Lloyd, and Mediterranean Shipping Company announced price hikes [1] Group 2: Real Estate Market - A luxury residential project in Shenzhen, developed by China Resources Land and China Overseas Land, achieved a record sales figure of approximately 13 billion yuan in a single day, setting a new record for new home sales in China this year [10] Group 3: Debt Restructuring - Longfor Group has made significant progress in its debt restructuring, with a total of 136.6 billion yuan in bonds receiving restructuring offers through various options, representing over 62% of the remaining principal of 21 public bonds due by July 10, 2025 [11] - Country Garden's debt restructuring plan has been approved by relevant bondholders, involving adjustments to the repayment arrangements for nine bonds issued by the company and its subsidiaries [12] Group 4: Biopharmaceuticals - China Biologic Products announced that its innovative drug TQF3250, an oral GLP-1 receptor agonist, has received clinical trial approval from both the National Medical Products Administration (NMPA) and the U.S. Food and Drug Administration (FDA) for weight loss treatment [14]

Group 1 - Global shipping costs for bulk commodities are experiencing a rare year-end increase due to disruptions in supply chains caused by conflicts, sanctions, and production surges [1] - The average daily cost of shipping crude oil on major global routes has surged by 467% this year, while shipping rates for liquefied natural gas (LNG) and iron ore have increased by over four times and more than two times, respectively [1] - Shipping executives anticipate that the overall market supply tightness will persist at least until early next year, indicating a highly strained shipping market [1] Group 2 - Despite a slight decline in freight rates from peak levels by the end of November, high transportation costs continue to trigger a chain reaction throughout the shipping market, leading U.S. LNG buyers to consider delaying cargo loading [2] - The international container shipping prices have decreased, with the Drewry World Container Index dropping by 2% to $1,806 per 40-foot container, primarily due to falling rates on trans-Pacific and Asia-Europe routes [2] - Major U.S. retailers, such as Walmart, have rushed to import goods to avoid tariffs imposed by the White House, creating an early "peak season" but potentially weakening freight prospects for the remainder of the year [2]

Core Viewpoint - The company aims to focus on its core business in the commodity supply chain by divesting its shipping business through the sale of a 51% stake in Reunion Shipping Assets Management Co., Limited for $3.809 million [1] Group 1 - The company’s wholly-owned subsidiary, CCSHK, is transferring its 51% stake in Reunion Shipping Assets Management Co., Limited [1] - The transfer price for the stake is set at $3.809 million [1] - The strategic move is intended to optimize and adjust the existing shipping business to better support the main business operations [1]

Core Viewpoint - The shipping industry is undergoing a significant transformation driven by artificial intelligence and autonomous navigation, with stakeholders expressing a proactive and open attitude towards these changes [1][7]. Industry Challenges - The development of intelligent ships is a complex system engineering challenge involving technology, standards, regulations, business models, and industrial ecology, presenting both challenges and historical opportunities for high-quality development [1][2]. - The global shipping industry faces multiple challenges, including supply chain restructuring, upgraded environmental regulations, and energy transition pressures, with digitalization and intelligence seen as key solutions [1][2]. Technical Challenges - The maritime environment is complex and variable, significantly affecting ship operations, which tests the limits of intelligent systems in perception, decision-making, and control stability [1][2]. - The shortage of crew members and communication difficulties during long-distance voyages highlight the importance of autonomous capabilities on ships [2]. Technological Innovations - The integration of artificial intelligence and machine vision is a focal point for the industry, with the development of intelligent safety systems aimed at enhancing navigation safety management through features like collision avoidance and shore-ship collaboration [2][3]. - The emergence of auxiliary docking systems is likened to having a "smart pilot" on board, making docking operations safer, more efficient, and precise [3]. Regulatory Framework - Current international maritime organization (IMO) documents indicate that existing rules do not adequately address issues related to Maritime Autonomous Surface Ships (MASS), necessitating the development of new guidelines [4]. - Non-mandatory MASS rules are expected to be finalized by 2026, with mandatory rules to be drafted by 2028 and implemented by 2032 [4]. Collaborative Efforts - International cooperation is essential to address the fragmentation of technical standards in intelligent shipping, requiring a cross-domain compatible technical framework [5]. - The restructuring of ship types and system architectures is anticipated under the new MASS regulations, which will enhance testing and validation systems [6]. Human-Machine Interaction - The ultimate goal of intelligent ships is not to create fully autonomous vessels but to redefine the roles of crew members, transitioning them from traditional operators to system managers and decision-makers [7]. - A balance must be struck between leveraging artificial intelligence capabilities and managing its limitations, ensuring that systems can seamlessly revert control to human operators when necessary [6][7].

Summary of Conference Call Notes Industry Overview - The notes primarily focus on the shipping and logistics industry, particularly container and bulk shipping sectors, with specific references to various shipping companies and their pricing strategies. Key Points and Arguments Shipping Rates and Contracts - December contract delivery pricing is expected to be around 1,630 points, with potential ceilings between 1,670 and 1,690 points due to suboptimal delivery outcomes from shipping companies like Maersk [2][6] - January pricing shows significant divergence among shipping companies, with expectations ranging from 1,300 to 1,700 points, suggesting a strategy of light valuation and heavy driving [2][7] - VLCC (Very Large Crude Carrier) rates are performing strongly, while Suezmax rates are average; LR2 rates have surged to $45,000 per day, influenced by the strength of European naphtha and diesel spreads [2][13] Container Shipping Insights - Container shipping rates on the US routes have stabilized, with improved loading rates for shipowners; however, there is market caution regarding price increases planned by companies like Hangzhou [2][15] - European route pricing for the second week of December ranges from $1,900 to $2,400, with an average of $2,250, reflecting a decrease from the previous week [3] Pricing Strategies of Major Shipping Companies - Maersk and CMA CGM announced price increases for late December to $3,500, but actual FAK (Freight All Kinds) prices were lower at $2,640 and $2,440 respectively [4] - The PA alliance is expected to follow suit with price increases, but faces challenges due to insufficient long-term cargo volumes [5] Future Price Expectations - The first delivery index for December contracts is projected at 1,630 points, with potential difficulties in maintaining current prices due to Maersk's underperformance in spot cargo [6][9] - There is a possibility of unexpected performance in December pricing, contingent on cargo releases in mid-December [9] Impact of Geopolitical Events - The recent attack on the CPC pipeline has raised concerns, particularly affecting European oil supply and Suezmax rates [10] - The ongoing Russia-Ukraine conflict could influence VLCC demand depending on the status of sanctions and economic viability for China and India to purchase discounted Russian oil [11][12] Bulk Shipping Market Performance - Cape-sized bulk carriers have shown strong performance, with rates nearing $38,000 per day, the highest in two years, expected to continue for over two weeks [14] - The demand for iron ore and bauxite is projected to grow, with significant contributions from major mining companies, leading to an overall demand growth of approximately 2.3% for Cape-sized vessels in 2026 [16][17] Stock Market and Investment Outlook - Recent stock market fluctuations are attributed to sentiment rather than fundamental changes, with predictions for shipping rates in 2026 causing sell-off pressures [18] - Long-term investors are advised to focus on building positions during market dips, as the outlook for the shipping sector remains positive despite short-term volatility [18] Additional Important Insights - The shipping industry is experiencing a complex interplay of pricing strategies, geopolitical influences, and market dynamics that require careful analysis for investment opportunities and risk assessment [2][18]

当日，索鹏公使还走访了中远海运集运(比利时)公司并调研安特卫普港。 2025年12月2日，索鹏公使应邀赴安特卫普出席比中经贸委举办的会员活动并发表主旨演讲，宣介党的 二十届四中全会精神，并同与会企业家就深化中欧经贸合作交流互动。安特卫普副市长兼安特卫普—布 鲁日港务局主席克拉普斯等50余人出席，比中经贸委主席德威特主持。 索鹏公使表示，中国共产党二十届四中全会审议通过了"十五五"规划建议，为今后一个时期中国经济社 会发展注入了更多确定性。中国将进一步推进高质量发展和高水平对外开放，实施创新驱动、扩大内 需、改善营商环境等举措，持续举办中国国际进口博览会、"投资中国""出口中国""购在中国"等系列活 动，欢迎包括欧洲在内的更多外国投资者来华投资兴业，共享发展机遇。 索鹏公使强调，今年是中欧建交50周年。中欧经贸合作的本质是优势互补、互利共赢，双方应通过对话 协商妥处分歧，坚持开放合作与多边主义，共同维护全球产供链韧性和稳定。安特卫普—布鲁日港作为 欧洲第二大港口，与中国合作紧密，双方可继续深化在绿色低碳和智能化转型等领域合作，促进中欧经 贸往来。 ...