转自：成都日报锦观 蓉企蓉品出海的"娘家人"： 成都明年将新建10余个海外服务站 多个国家的企业和商协会代表相继来蓉寻求经贸合作。 在成都市供应链协会办公室，王智超凝神注视着一面墙，墙上贴有一幅巨大的世界地图，每新建一个供应链海外服务站，上面就会标注一颗 星。如今，海外服务站规模已达20个，这幅世界地图上"群星闪烁"。"明年还将新建10多个，进一步完善蓉企蓉品出海的海外综合服务网 络。"他说。 "服务站建设上规模了，找上门来的经贸合作也多了" 据王智超介绍，2025年，在海外服务站联动下，尼泊尔、巴基斯坦、乌兹别克斯坦等国家相关政务机构代表，俄罗斯、韩国、巴西等国家的企 业和商协会代表，相继来到成都寻求经贸合作，与成都企业进行面对面交流。 去年，在成都市口岸物流办指导下，市供应链协会牵头实施在全国首创建设"一带一路"供应链服务站，为推动本地企业出海发展、引进海外企 业来蓉发展，搭建起畅通海内外资源供需对接的"驿站"。王智超为市供应链协会常务副会长、秘书长，是海外服务站建设的"领头人"。 今年，成都加快了"一带一路"供应链海外服务站建设步伐。从尼泊尔加德满都、老挝磨丁再到阿联酋迪拜、印度尼西亚雅加达——11个海 ...

Core Viewpoint - The recent developments in Hainan, China, particularly the establishment of a "multi-functional free trade account," are reshaping the financial landscape in Asia by enabling direct trade settlements in Renminbi, thereby challenging the dominance of the US dollar system [1][2][3] Financial Developments - Hainan's new financial mechanism allows Southeast Asian countries to conduct trade directly in Renminbi, bypassing the need to convert currencies to US dollars [2] - The cross-border Renminbi settlement volume in Hainan reached an impressive 484.5 billion yuan within the first 11 months before 2025, indicating a significant shift towards a Renminbi-centric trade system [3] Trade and Logistics - The direct shipping route from Indonesia to Hainan has reduced logistics costs by over 30%, significantly benefiting exporters like palm oil and durian traders [6][7] - The trade volume between Hainan and ASEAN countries surged from 23.66 billion yuan in 2020 to 57.91 billion yuan in 2024, more than doubling in just four years [14] Economic Impact - Hainan's policies are attracting foreign businesses, including Japanese firms, to establish operations in the region due to favorable tax rates and the potential for increased market access [9][11] - The zero-tariff items entering Hainan increased from approximately 1,900 to 6,600 after the implementation of new trade agreements, enhancing the region's appeal as a trade hub [16] Industry Growth - Hainan is becoming a significant connector between China and ASEAN, with local industries, including aerospace and food processing, experiencing substantial growth due to favorable policies [19][20][22] - Companies in Hainan are reporting significant cost savings and increased production capabilities, with some businesses claiming that savings from reduced tariffs could fund new ventures [20][22] Strategic Concerns - The success of Hainan's model poses a threat to countries that have historically dominated global trade and industry rules, as it demonstrates a viable alternative to existing systems [23]

在当前保护主义抬头的背景下，国际贸易体系比以往任何时候都更需要《公约》这类提升运行效率的全 球规则。全球通用的技术性法律空白长期存在，叠加逆全球化趋势，进一步加剧了进出口企业对降低贸 易成本的迫切需求。对全球贸易体系而言，《公约》是在多边主义面临严峻挑战的形势下，经多方努力 在联合国达成的务实成果，充分证明以规则为基础的国际合作依然有效且不可或缺。 更重要的是，这一国际公共产品凝聚了中国的实践经验与智慧。它将中欧班列等成熟本土实践提炼为全 球贸易规则，标志着中国正从国际规则的被动"接受者"向主动"缔造者"转变。对企业而言，《公约》绝 非新增一张单证那么简单，更是全球中小微企业及广大发展中国家相关企业便捷获取融资的重要工具， 能切实帮助企业在动荡复杂的国际市场竞争中更好生存发展。 王 立 上周，第80届联合国大会正式审议通过《联合国可转让货物单证公约》（以下简称《公约》），并授权 加纳于2026年举办签约仪式。这是自1924年《海牙规则》以来，中国在运输领域引领制定的第一部国际 公约，是中国在涉外法治领域制度性话语权不断增强的一次生动实践，具有划时代意义。 中国是该《公约》的主要提案国与核心推动方。《公约》的顺 ...

Core Insights - Shenzhen Free Trade Zone plays a unique role as a crucial node connecting domestic and international markets, providing distinct advantages through specific policies and operational models [1][11] Group 1: Tariff Policies and Cost Management - The core advantage of the Free Trade Zone is its "bonded" status, allowing goods to defer customs duties and import taxes until their final destination is determined, significantly reducing capital occupation and liquidity pressure for enterprises [3] - Trade costs are minimized as transactions between enterprises within the zone and between the zone and overseas are typically exempt from customs duties and import taxes, optimizing tax costs for warehousing, distribution, and simple processing [3] - Export tax refund processes are expedited, as domestic goods entering the Free Trade Zone are treated as exports, allowing for immediate tax refund applications and faster capital turnover [3] Group 2: Logistics and Warehousing Efficiency - The Free Trade Zone features flexible storage periods for goods, allowing enterprises to manage warehousing and shipping plans based on market demand, facilitating "just-in-time" production and sales strategies [4] - Customs procedures for goods entering and exiting the zone are simplified, significantly saving time for enterprises engaged in frequent international procurement and distribution [4] - The zone can serve as a logistics distribution center for the Asia-Pacific region and globally, enabling centralized storage, sorting, and packaging of goods from multiple countries for efficient delivery [4] Group 3: Flexibility in Processing and Manufacturing - The Free Trade Zone provides a favorable environment for processing trade, allowing enterprises to import raw materials and components duty-free for processing and re-export, avoiding complex tax procedures [6] - Customs supervision within the zone focuses on efficient management of goods' entry, exit, transfer, and storage, making it simpler compared to external processing trade [6] - The favorable conditions attract high-tech manufacturing and maintenance enterprises, fostering an industrial cluster effect and facilitating access to advanced international equipment and technology [6] Group 4: Expansion of International Trade and Services - Enterprises can engage in diverse trade forms such as transshipment, cross-border trade, and display transactions within the zone, enhancing trade flexibility [7] - The zone allows for the establishment of R&D centers and the conduct of testing and repair services for imported products, promoting the development of high-tech services [7] - Financial services related to bonded operations, including international settlement and foreign exchange management, are more convenient, catering to the complex needs of international trade [9] Group 5: Location and Infrastructure Support - The proximity of Shenzhen to Hong Kong provides a strategic advantage, leveraging Hong Kong's resources as an international shipping, financial, and trade center for rapid global access [10] - The zone is supported by modern infrastructure, including ports, airports, highways, and storage facilities, forming an efficient logistics network for quick cargo distribution [10] - Located in the core area of the Pearl River Delta's manufacturing and consumer markets, the zone benefits from substantial domestic market demand while also engaging with international markets [10] Conclusion - The advantages of Shenzhen Free Trade Zone stem from its unique "inside-outside" policy positioning, creating a "buffer zone" and "platform" that reduces trade costs and capital pressure through deferred and exempted tariffs, enhances logistics and production efficiency through simplified regulations, and adapts to modern international trade and supply chain complexities with its diverse functionalities [11]

虽然全球最大经济体在构筑关税壁垒，但大部分国际机构的统计数据都证实，全球商品贸易在2025年仍 然保持了相对良好的势头。 不过，在整体韧性之下，暗流涌动，贸易的轨迹发生了转变：美国进口量下降，非洲、中东、拉丁美洲 等发展中经济体的进口量均呈现强劲增长态势。 美国知名智库海事战略中心研究员、航运业明星分析师麦科恩（John McCown）在最新一期研究报告中 称，10月全球集装箱货运量同比增长2.1%，但世界集装箱供应链已经开始调整和重塑贸易模式，"在美 国2024年全年集装箱进口量增长15.2%之后，如果说2025年的年度总数将与此截然相反，那都是轻描淡 写了。" 麦考恩认为，特朗普政府的贸易威胁是货物运输模式重塑的主要原因之一。他认为，如果说2025年是关 税之年，那么2026年将是关税后果显现之年。 与此同时，大部分贸易专家都预计，未来一年国际贸易动荡将加剧，而其中有四个"不确定性"最为关 键，分别是：重新审查美墨加协定（USMCA）、重启红海之路、协议的不确定性和美国最高法院对特 朗普政府关税的裁决。 重审美墨加协定 美国、加拿大和墨西哥即将开始审查2020年生效的《北美自由贸易协定》。美国贸易代表格里 ...

可能很多人一听到"封关"就慌了神，觉得是要封闭起来，其实这里面藏着关乎咱们贸易格局的大门道， 甚至可能改写美元主导的结算规则。 美元结算坑太多？ 2025年前11个月咱们中国出了个大新闻，成为历史上首个前11个月货物贸易顺差突破万亿美元的国家！ 这一数据达到1.076万亿美元，同比增长21.7%，已超过2024年全年创下的9920亿美元纪录。 这数据看着特提气，说明咱们的中国制造在全球都吃得开，但我寻思着，光鲜背后藏着个致命问题—— 这些钱大多是美元结算，主动权根本不在咱们手里。 哈喽大家好，今天小无带大家聊聊最近刷屏的海南封关大事。 这可不是小打小闹的风险，说白了就是两大坑：一是美国有无限印钞权，人家印钞机一开，就把咱们的 劳动成果稀释了。 二是得看美国脸色行事，它一加息，全球资金全往美国跑；一降息，咱们手里的美元资产就缩水。 而2025年12月18日海南自贸港正式封关运作，说白了就是咱们破解这个困局的关键一步棋。 一听说"封关"，好多人第一反应就是"以后去海南是不是要办证？""会不会变得不方便？"，完全想反 了！这纯属理解偏差，封关封的是海关监管边界，不是人员进出的大门。 咱们以前咋去海南旅游、办事，现在 ...

Core Viewpoint - The official launch of the Hainan Free Trade Port's full island closure operation on December 18 marks a significant step in China's high-level opening-up strategy, implementing a regulatory model of "one line open, two lines controlled, and free within the island" to enhance international trade and investment [1][3]. Group 1: Regulatory Framework and Tax Policies - Hainan Free Trade Port has expanded its "zero tariff" product list to approximately 6,600 items, increasing the proportion from 21% to 74%, with a broader range of beneficiaries [1]. - The management model of "one line open, two lines controlled" aims to fully connect the island with international markets, while the service sector's negative list for foreign investment is the most open in the country [2][4]. - Tax policies include significant breakthroughs, such as a preferential tax rate of 15% for corporate and personal income taxes, and even exemptions in certain cases [5]. Group 2: Economic Impact and Opportunities - The policy allowing enterprises to import raw materials tax-free and sell to the mainland after processing 30% value-added in Hainan is expected to significantly lower costs and attract industry clusters, boosting local economic growth [6]. - Inland enterprises can establish companies in Hainan to indirectly benefit from local tax and customs policies, facilitating international business connections and potentially higher profits [7]. Group 3: International Trade and Investment - Hainan is positioned to become a key hub for trade with ASEAN, leveraging its zero-tariff policy and geographical advantages to facilitate imports and exports [10]. - The establishment of a high-quality business environment is crucial for attracting foreign investment, with a focus on policy implementation and maintaining transparency and fairness in enforcement [9]. Group 4: Strategic Significance and Future Prospects - The construction of Hainan Free Trade Port serves as a demonstration of China's commitment to high-level opening-up and is expected to provide a model for other regions in implementing institutional reforms [3][13]. - Hainan's unique advantages in sectors like tropical agriculture and tourism, along with its potential for deepening cooperation with ASEAN, highlight its strategic importance in the regional economic landscape [12].

Core Insights - The report by the Federal Reserve highlights China's unique role in the trend of global trade fragmentation, acting as a stabilizing force and key hub that maintains the integrity of global trade networks [1][4] - Geopolitical distance has become a significant factor influencing bilateral trade, with countries increasingly favoring trade partners with similar geopolitical stances [1][4] Group 1: China's Role in Global Trade - China has become a major trading partner for over 150 countries and regions, contributing over 30% to global economic growth [1][2] - The presence of China has masked and mitigated the trend of global trade fragmentation, which began to emerge between 2003 and 2007, indicating that the causes of this fragmentation are not related to China's actions [1][3] Group 2: Economic Structure and Trade Adjustments - China's internal adjustments in imports are a rational choice to enhance the autonomy of its supply chain, reducing reliance on external sources and increasing bargaining power through diversified trade [2][3] - Exports from China are increasingly aligned with global demand, particularly in sectors like green technology and medical equipment, addressing market gaps and contributing to global supply stability [2][3] Group 3: Stability in Global Supply Chains - China plays a crucial role in maintaining high-end industrial chains globally, particularly in the electric vehicle and battery sectors, by regulating exports of key minerals [3][4] - The balance of "self-sufficiency and open supply" positions China as a stabilizing anchor in global trade and supply chains, essential for mitigating risks associated with geopolitical tensions [3][4] Group 4: Implications for Global Trade - The report emphasizes that China's role transcends being merely a connecting country; it is a key node in the global economic structure, facilitating communication and preventing isolationist tendencies [4][5] - China's experience suggests that deepening mutually beneficial trade relationships, rather than engaging in geopolitical confrontations, is the correct path toward achieving shared prosperity in an uncertain global trade environment [5]

Core Viewpoint - China's trade surplus exceeded $1 trillion in the first 11 months of this year, highlighting a significant economic imbalance despite the impressive export figures [1][3]. Trade Data Summary - In the first 11 months of 2023, China's total goods trade value reached $5.75 trillion, with exports at $3.41 trillion (up 5.4% year-on-year) and imports at $2.34 trillion (down 0.6% year-on-year) [3]. - The trade surplus surged to $1.076 trillion, marking a 21.7% increase compared to the same period last year, and is projected to reach approximately $1.2 trillion for the entire year [3][5]. - Historical context shows that China's trade surplus has grown significantly since joining the WTO in 2001, when it was only $22.5 billion [3]. Factors Contributing to High Surplus - The decline in commodity prices, including a 12% drop in average oil prices, has reduced import costs, contributing to the larger surplus [5]. - Diversification of export markets has been beneficial, with notable increases in exports to the EU (up 7.3%), ASEAN (up 9.1%), and Africa (up 26.3%) [5]. - High-tech product exports, particularly in sectors like electric vehicles and lithium batteries, have driven growth, indicating strong competitiveness of Chinese products [5]. Internal Demand Concerns - Domestic consumption growth has been sluggish, with retail sales increasing only 4.0% in the first 11 months and a mere 1.3% in November, the lowest since the pandemic [7]. - Fixed asset investment has decreased by 2.6%, and real estate development investment has dropped by 15.9%, indicating weak internal demand [7]. - The high savings rate of 35% and low per capita consumption compared to developed countries suggest a significant gap in domestic spending [7]. International Reactions and Future Outlook - The record surplus has raised concerns among trade partners, particularly the US and EU, about potential trade tensions and tariff wars [8]. - The IMF has adjusted China's growth forecast to 5%, but challenges in real estate and domestic demand persist [8]. - Experts emphasize the need for a strategic shift towards boosting domestic consumption to balance the economy, as reliance on external demand poses risks [10].

Core Viewpoint - The closure of Hainan's customs marks a significant shift in global trade dynamics, positioning Hainan as a new offshore center and potential replacement for Singapore in maritime trade routes [2][4][10]. Group 1: Hainan's Strategic Importance - Hainan's customs closure on December 18 transforms it into an offshore center, enhancing its role in global trade [2]. - The closure allows for direct shipping routes to Hainan, reducing travel distances by thousands of kilometers and saving 3 to 4 days in transit time [10]. - Hainan's geographical size is 50 times larger than Singapore, providing a substantial advantage in logistics and trade operations [12]. Group 2: Economic Opportunities - The new policies in Hainan include 74% of goods being subject to zero tariffs, with corporate and personal tax rates capped at 15%, making it an attractive destination for businesses [13][15]. - Products with over 30% value-added processing will enjoy tax exemptions, incentivizing foreign manufacturers to establish operations in Hainan [15]. - Hainan is expected to facilitate the deep processing of Southeast Asian commodities, enhancing the flow of Chinese products like electric vehicles and solar components into ASEAN markets [17]. Group 3: Impact on Global Trade - The shift in trade routes from Singapore to Hainan could lead to a decrease in Singapore's pricing power as logistics become more efficient and less reliant on Singaporean ports [15][17]. - Hainan's development is not merely about becoming a shopping destination but aims to create a more autonomous and efficient trade corridor, reshaping the economic landscape [17].