（编辑 任世碧） 证券日报网讯 10月14日晚间，盛航股份发布公告称，公司控股子公司盛航浩源（深圳）海运股份有限 公司因经营发展需要，在原经营范围基础上增加了"国内船舶管理业务；国际船舶管理业务；国际客 船、散装液体危险品船运输"内容，并于近日完成工商变更登记手续，取得了深圳市市场监督管理局出 具的《登记通知书》。 ...

Core Viewpoint - The article discusses the escalating tensions between the US and China, highlighting the recent retaliatory measures taken by China in response to US tariffs and sanctions, and emphasizes the shift in power dynamics, suggesting a "strong China, weak America" narrative. Group 1: US-China Trade Relations - The US has repeatedly initiated hostile actions against China, which China has responded to with significant countermeasures, indicating a pattern of reciprocal actions [1][2][11] - The US's attempt to impose discriminatory fees on Chinese vessels is viewed as an unreasonable tactic, reflecting a misunderstanding of its own position in the global maritime industry [3][4][8] Group 2: Maritime Industry Dynamics - In 2023, China constructed a total of 32.86 million tons of commercial ships, holding a 51% share of the global market, while the US only built 64,800 tons, representing a mere 0.1% market share [7] - Despite the US's attempts to influence global shipping and shipbuilding dynamics, the actual impact of its policies is limited, as evidenced by the recovery of Chinese shipyards' order volumes [9][12] Group 3: Semiconductor Industry and Sanctions - The US has intensified its sanctions against Chinese semiconductor companies, with a record number of firms added to the entity list, indicating a strategic focus on this sector [13][14] - The US's export controls have expanded significantly, affecting a wide range of Chinese companies and complicating international supply chains [15][18] Group 4: Perception of Power Dynamics - The article posits that the overall power dynamic has shifted, with China now perceived as stronger relative to the US, particularly in manufacturing and technology sectors [23][24][26] - The narrative of "strong China, weak America" is gaining traction, as evidenced by China's advancements in various industries, including manufacturing and military technology [25][42] Group 5: Global Reactions and Future Implications - The article notes a growing recognition among global leaders and businesses of China's rising strength and the need to adapt to this new reality [41][42] - The ongoing trade tensions and retaliatory measures are expected to continue shaping the landscape of US-China relations, with potential long-term implications for global trade and industry dynamics [22][42]

Global Economic Environment Changes - The global economic environment is undergoing significant changes due to trade conflicts, policy uncertainties, and technological transformations, leading to a new economic landscape characterized by fragmentation and systemic shocks [2][8][21] - The World Trade Organization (WTO) has raised its global goods trade growth forecast for 2025 to 2.4%, but has significantly lowered the 2026 forecast to 0.5% due to weak economic recovery and U.S. tariff policies [3][4][22] - The United Nations Conference on Trade and Development (UNCTAD) predicts that global maritime trade will grow by only 0.5% in 2025, marking the slowest growth in recent years, influenced by geopolitical tensions and rising transportation costs [5][24] Trade and Economic Outlook - The WTO's report indicates that in the first half of 2025, global goods trade volume is expected to grow by 4.9%, with trade value increasing by 6%, driven by demand for AI-related products [3][22] - The service trade is also expected to be impacted by tariffs, with global service export growth projected to decline from 6.8% in 2024 to 4.6% in 2025, and further to 4.4% in 2026 [4][23] - The World Economic Forum's Chief Economist Outlook suggests that approximately 72% of economists anticipate weak global economic growth in the coming year, with emerging markets expected to be the main growth engines [8][25][26] China's Role in Global Development - China's modernization efforts are contributing to global sustainable development, with significant investments in international cooperation and development resources [12][15][29] - The "Belt and Road" initiative has shown resilience in supply chains, with China's direct investment in Belt and Road countries reaching $50.99 billion, a 22.9% increase year-on-year [17][18][33] - The global development initiative has gained support from over 100 countries and international organizations, focusing on bridging development gaps and fostering international consensus [15][31][32]

Core Viewpoint - China has implemented export controls on rare earth materials to enhance its export control system, citing the importance of these materials in military applications and the need to maintain global peace and regional stability [2][3]. Group 1: Export Control Measures - The export control measures are a legitimate action by the Chinese government based on laws and regulations, aimed at ensuring national security and international safety [2][4]. - China emphasizes that the export controls are not a ban on exports; applications that meet the criteria will be approved, and the government is open to facilitating compliant trade [3][4]. Group 2: Response to U.S. Actions - The U.S. has announced a 100% tariff on Chinese rare earth exports and additional export controls on key software, which China views as a double standard and a violation of fair trade practices [4][5]. - China has expressed strong opposition to the U.S. actions, which it believes undermine the atmosphere for economic talks and harm mutual interests [5][6]. Group 3: Bilateral Relations and Future Cooperation - China urges the U.S. to correct its erroneous practices and to engage in dialogue based on mutual respect and equality to resolve concerns and manage differences [5][7]. - The Chinese government has indicated that it will take necessary countermeasures to protect its legitimate rights and interests in response to U.S. unilateral actions [6][7].

Core Viewpoint - The Chinese government has strengthened export controls on rare earth materials and related items in response to U.S. trade policies, asserting that these measures are not prohibitive but regulatory, aimed at maintaining national security and international stability [1][2][3]. Group 1: Export Control Measures - On October 9, the Ministry of Commerce announced two measures to strengthen export controls on rare earth materials and technologies, including five types of heavy rare earths, lithium batteries, and artificial graphite anode materials [1][2]. - The spokesperson emphasized that China's export controls are not a ban and that compliant applications will be approved, highlighting a commitment to facilitating legitimate trade [3][4]. Group 2: U.S. Trade Policies - The U.S. has been criticized for its unilateral trade measures, including imposing a 100% tariff and export controls on key software, which the Chinese government views as a double standard [2][4]. - The U.S. has over 3,000 items on its export control list compared to China's 900, indicating a significant disparity in trade restrictions [2]. Group 3: Response to U.S. Actions - In response to U.S. maritime and shipping policies, China will impose special port fees on U.S. vessels starting October 14, which is seen as a necessary defensive measure to protect its industries and ensure fair competition [4][5]. - The Chinese government has expressed a desire for dialogue and cooperation, urging the U.S. to correct its actions and return to negotiations [2][5].

Group 1: Core Insights - The report highlights a focus on deepening information infrastructure, AI integration, and regulatory adjustments in key sectors [8][9][12] - The Ministry of Industry and Information Technology emphasizes the advancement of 5G-A, ten-gigabit optical networks, and computing power facilities, while promoting the integration of AI with service-oriented manufacturing [9][12] - The automotive sector has updated energy-saving and new energy vehicle technology standards, along with a revised vehicle and vessel tax exemption directory, effective from January 1, 2026 [13] Group 2: Industry Policies - The report outlines the implementation of export controls on certain rare earth items by the Ministry of Commerce and the General Administration of Customs, effective from November 8, 2025 [7] - The transportation sector will impose special port fees on certain U.S.-related vessels starting October 14, 2025, as part of regulatory measures [14] - The financial sector is set to standardize the identification management of beneficial owners by financial institutions, aligning with international anti-money laundering standards [17] Group 3: Market Performance - The report tracks the performance of various sectors in the A-share market, with notable increases in sectors such as non-ferrous metals (+4.25%) and coal (+4.24%) [20][21] - The top ten concepts with the highest gains this week include nuclear power (+6.90%) and industrial gases (+6.07%), while the largest declines were seen in power batteries (-6.38%) and optical modules (-5.20%) [23][24]

Core Insights - The development of the Arctic and the Northern Sea Route has become a key national development task for Russia, with expectations for cooperation with Chinese partners to promote the region's development [1] Group 1: Northern Sea Route Development - The Northern Sea Route offers a shorter and safer transportation route compared to other Eurasian routes via the Suez Canal [1] - Russian President Putin has instructed the government, local authorities, and enterprises to enhance the competitiveness of the Northern Sea Route [1] - Detailed plans have been established for Arctic development, including the development of icebreaker manufacturing, improving emergency support and satellite navigation services, and enhancing port facilities and railway networks along the route [1] Group 2: Murmansk Port - Murmansk Port is one of the largest ports in the Russian Arctic region, with an annual throughput exceeding 56 million tons, accounting for over half of the total cargo throughput of all Arctic ports in Russia [1] - The port has convenient maritime conditions, facilitating trade and tourism [1] Group 3: Economic Cooperation with China - The economic cooperation between Murmansk region and China has been expanding, with Chinese-manufactured equipment being well-received and various Chinese consumer goods becoming part of local life [1] - There is a growing interest in attracting more Chinese tourists to Murmansk, with ongoing improvements in infrastructure such as roads and hotels [1] - The Russian side is keen to learn from China's significant advancements in various fields to promote its own development [1]

Core Viewpoint - The U.S. Trade Representative's office announced final measures regarding the Section 301 investigation into China's maritime, logistics, and shipbuilding sectors, with specific port fees for Chinese vessels set to take effect on October 14 [1][2]. Group 1: U.S. Measures - The U.S. measures are characterized as unilateral actions with evident discriminatory implications, significantly harming the interests of Chinese enterprises [2]. - The specific measure involves imposing port fees on Chinese vessels, which is part of the broader investigation into China's shipbuilding industry [1][2]. Group 2: China's Response - In response to the U.S. measures, China announced countermeasures, including the implementation of special port fees on U.S. vessels starting October 14 [3]. - China emphasizes that these countermeasures aim to maintain a fair competitive environment in international shipping and shipbuilding markets, describing them as a form of "legitimate defense" [3]. - The Chinese government urges the U.S. to correct its actions and engage in equal negotiations to resolve the issues at hand [3].

Core Viewpoint - The Chinese government expresses strong opposition to the U.S. unilateral measures against its shipbuilding industry, emphasizing the need for equal negotiations and cooperation to resolve issues [1][6]. Group 1: Chinese Government's Response - The Chinese Ministry of Commerce states that the countermeasures against the U.S. restrictions are legitimate defensive actions aimed at maintaining fair competition in the international shipping and shipbuilding markets [1]. - The Ministry of Transport announces that starting from October 14, 2025, special port fees will be charged for U.S. vessels, which is seen as a direct response to the U.S. Section 301 investigation into China's maritime and shipbuilding industries [3][4]. - The Chinese government urges the U.S. to correct its erroneous practices and to stop the unreasonable suppression of China's shipping industry [4][6]. Group 2: Details of the Special Port Fees - The special port fees will be charged based on net tonnage, starting at 400 RMB per net ton from October 14, 2025, increasing to 1120 RMB per net ton by April 17, 2028 [4]. - The fees will only be collected at the first port of call in China for each voyage, with a maximum of five voyages per year for each vessel [4]. Group 3: Impact on U.S. Shipping Companies - A senior U.S. logistics expert notes that the direct impact of these measures will primarily affect U.S. shipping companies and vessels flying the U.S. flag, although the broader implications could affect any vessel with over 25% U.S. ownership [5]. - The expert highlights that companies like Seaspan, which are U.S.-controlled, will indirectly affect foreign shipping companies that lease their vessels [5]. Group 4: Context of U.S. Measures - The U.S. measures are characterized as unilateral and discriminatory, significantly harming Chinese enterprises, with the U.S. aiming to revitalize its shipbuilding industry, which has seen a drastic decline in output since the 1970s [6][7]. - The U.S. Trade Representative's office reported that China's share of global shipbuilding tonnage increased from 5% in 1999 to over 50% in 2023, while U.S. shipyards have drastically reduced their annual output [6].

【环球时报综合报道】中国交通运输部10日宣布，自10月14日起，将对美国船舶按航次收取港口费用。 交通运输部新闻发言人10日就这一措施答记者问时提到，今年4月，美国贸易代表办公室宣布对中国海 事、物流和造船领域301调查最终措施。这是中方维护中国海运企业合法权益的正当举措，敦促美方立 即纠正错误做法，停止对中国海运业的无理打压。 外媒在报道这则消息时纷纷提到，美国针对中国船舶加收港口服务费的措施也将于10月14日生效。中国 交通运输部发言人10日表示，美国的做法罔顾事实，充分暴露出其单边主义、保护主义本质，具有明显 的歧视性色彩，严重损害中国海运业的正当利益，严重扰乱全球供应链稳定，严重破坏国际经贸秩序。 中方将对美国错误做法依法坚决采取反制措施，推动构建公平正义的国际海运市场秩序，维护国际物流 供应链安全稳定。 中央财经大学国际经济与贸易学院副教授刘春生10日在接受《环球时报》记者采访时表示，中方对美国 船舶加收特别港务费，是对美方歧视性港口费的对等反制。这一措施依据中国国内法规和国际法对等原 则，旨在维护自身海运业的正当权益，其正当性源于美方率先采取的单边保护主义行动。此举是对美方 错误行为的必要回应。（ ...