中国的做法并不矛盾。虽然放松了对欧盟稀土的出口管制，但中国依然掌握着绝对的主导权。自2012年中国以稀土牌对日本实施制裁以来，西方国家一直在 寻找打破中国稀土垄断的方法。然而，十几年过去了，中国对稀土产业链的掌控力反而更加稳固。卖不卖稀土、以何种方式卖，完全由中国自主决定，欧盟 只能等待。 对于欧盟猪肉产品征收反倾销税，是中国为了掌握自主权的行动。稀土和猪肉是两回事，若欧盟的行为损害了中国的利益，中国必然会采取反制措施。而中 国的反制力度、方式、范围，都由中国自己决定，欧盟无权干预。中国的态度非常明确，稀土可以卖，欧盟的商品也可以进入中国市场，但前提是欧盟不要 做出损害中欧关系的事。如果欧盟继续做出让中国无法容忍的行为，那这个为期一年的稀土许可证可能会失效。中国拥有最终的解释权，这份许可证并不是 正式的贸易协定，随时可以终止。 接下来，欧盟如何选择将决定未来的局势。事实上，在中国全力反击美国，迫使美国暂时停战之后，欧盟应该意识到自 己的整体实力已经无法与中国匹敌。中国一直秉持不树敌、不结帮结派的外交政策，支持正常的贸易往来。如果欧盟认为中国这个全球第二大经济体、全球 最大的工业国是软弱可欺的，那将是一个历史性 ...

Group 1 - The core point of the article is the successful listing of domestic GPU giant Muxi Co., which saw its stock price surge over 568% to 700 CNY after an initial offering price of 104.66 CNY per share [3][4]. - Muxi Co. is noted as a rare full-stack GPU manufacturer in China, indicating its unique position in the market [3]. - The company has maintained rapid revenue growth in recent years, which is a significant factor contributing to its strong market performance [3]. Group 2 - The A-share market opened with mixed results, with the Shanghai Composite Index down 0.06%, while the Shenzhen Component Index and the ChiNext Index saw slight increases of 0.10% and 0.03%, respectively [5]. - In the Hong Kong market, the Hang Seng Index opened up 0.03%, and the Hang Seng Tech Index rose by 0.09%, with notable stocks like Zijin Mining and Geely Automobile performing well [6][7]. - The market trends indicate a weakness in sectors such as smart driving and nuclear fusion, while lithium mining and pork-related stocks showed strength [5].

该来的，终于来了。而且，来得干脆利落。 今天，中国商务部正式发布公告：自12月17日起，对原产于欧盟的进口猪肉及猪副产品，征收反倾销 税。 一纸公文，白纸黑字。执行期限，五年。 这不是临时起意，而是一场酝酿了一年半、证据确凿的"精确反击"。它的信号，远比关税数字本身更响 亮：中国人做事，有理、有利、有节。但该算的账，一笔也不会少。 当时，以冯德莱恩为代表的欧盟委员会，上演了一出"无原告起诉，自己当裁判"的荒诞戏。 没有欧洲车企正式申诉，欧盟委员会自己跳出来，说中国新能源车有"补贴问题"，然后自己调查，自己 宣判，火速加征了高达17.4%至38.1%的临时关税。 这叫什么？这叫"程序流氓"。 1. 这记"回旋镖"，精准命中欧洲的"钱袋子" 很多人看到新闻可能会问：为什么是猪肉？ 这得从一年多前说起。2024年6月，中国商务部正式对欧盟猪肉启动反倾销调查。调查需要时间，也需 要程序正义。现在，终裁落地，证明欧盟猪肉确实存在倾销行为，并对中国相关产业造成了实质损害。 法律程序，无可指责。 但明眼人都知道，这记"回旋镖"，飞行的轨迹早已划定。它的起点，正是欧盟不顾规则、赤膊上阵，对 中国新能源汽车挥舞关税大棒的那一刻 ...

明日主题前瞻 1、商业航天 | 据IT之家报道，国内唯一采用"不锈钢火箭 + 捕获臂回收"方案的团队宇石空间宣布，近日完成了国内首个百吨级全尺寸"筷子"捕获臂地面验 证试验，标志着我国首个对标 SpaceX星舰回收模式的捕获臂全尺寸原型机正式交付，进入地面联合试验阶段。宇石空间核心产品 AS-1火箭采用不锈钢结构 +液氧甲烷动力+捕获臂回收，目标将发射成本降至2万元/千克（回收后低至1万元/千克），仅为传统火箭的1/6。 点评：分析认为，中国可回收火箭技术的突破，不仅是航天产业内部的成本革命与技术升级，更是国家战略安全、高端制造升级与全球竞争格局重塑的重要 支点。短期来看，将利好航天制造、新材料、卫星应用等产业链相关企业；长期来看，将推动我国从航天大国向航天强国跨越，为我国在新一轮科技革命与 产业变革中抢占先机提供重要支撑。 2、大模型 | 据新浪财经报道，近日，中国电信研究院联合中科院计算所、华为昇腾、沐曦等产业伙伴，依托中国电信云网融合技术中试验证平台，成功完 成业界首个面向国产算力的跨架构大模型推理技术验证。此次突破构建了基于Triton的异构大模型推理框架，实现"一套框架代码、三芯透明迁移"的核心目 ...

Core Viewpoint - China has significantly reduced tariffs on pork imports from the European Union, now set at up to 19.8%, down from preliminary tariffs of up to 62.4% following an investigation into EU's trade practices [1][4]. Group 1: Tariff Changes - The final tariff rates for pork imports from the EU will range from 4.9% to 19.8%, effective for five years starting Wednesday [4]. - The initial anti-dumping duties imposed in September ranged from 15.6% to 32.7% for EU companies involved in the investigation, with a maximum of 62.4% for others [3]. Group 2: Trade Context - The EU has a significant trade deficit with China, exceeding 300 billion euros ($348 billion) last year, while being a major exporter of pork and related byproducts to China [2]. - EU pork exports to China reached a peak of 7.4 billion euros ($7.9 billion) in 2020, driven by China's need for imports due to domestic supply issues caused by a swine disease [5]. Group 3: Investigation Findings - China's Commerce Ministry concluded that the EU was dumping pork and pig by-products in China, selling them below production costs, which harmed the domestic pork industry [4]. - The new tariffs will apply to all types of pork products, including fresh, chilled, frozen, dried, pickled, smoked, or salted [4].

商务部网站12月14日消息，商务部办公厅、中国人民银行办公厅、金融监管总局办公厅发布《关于加强商务和金融协同 更大力度提振消费的通知》，针 对深化商务和金融系统协作、加大消费重点领域金融支持、扩大政金企对接合作三个方面，提出11项具体举措。 近日，工业和信息化部等6部门联合印发《关于增强消费品供需适配性进一步促进消费的实施方案》提出，到2027年，形成3个万亿级消费领域和10个千亿 级消费热点；到2030年，供给与消费良性互动、相互促进的高质量发展格局基本形成，消费对经济增长的贡献率稳步提升。 12月15日，顺周期行情明显。 一是大消费全面上涨，乳业、零售等板块大涨；二是大金融表现活跃，保险板块大涨，银行、证券等板块上涨；三是部分周期性板块上涨，比如猪肉、钢 铁、建筑建材等板块。 科技股今天回调，算力、半导体板块领跌。截至收盘，上证指数下跌0.55%，深证成指下跌1.1%，创业板指下跌1.77%。 | 活跃资金聚焦两大板块 | | --- | | 从近期的龙虎榜看，零售和商业航天两大板块受到场内活跃资金的青睐，前者不断受到政策利好催化，后者连续迎来事件催化。 | | 今天，这两大板块继续上涨。具体看，零售板块 ...

Price Performance - CPI shows a continuous decline in pork prices, while fruit and vegetable prices are on the rise, with a recent increase of 0.71%[2] - PPI indicates rising prices for crude oil and non-ferrous metals, with WTI prices increasing by 4.39%[2] Domestic Macro - Demand Side - Consumer demand is slightly cooling, with retail sales of passenger cars declining by 3.8% year-on-year[3] - External demand is also weakening, as indicated by a 16.9% month-on-month drop in the Baltic Dry Index (BDI)[3] Domestic Macro - Production Side - Production continues to decline, with a decrease of 1.53 percentage points in the industrial production index[3] - Real estate and infrastructure investment is also on a downward trend, with a decline of 2.46 percentage points[3] Fiscal Policy - The fiscal policy for next year is expected to remain proactive, with a focus on stimulating economic growth[4] - The recent Central Economic Work Conference has set a relatively positive tone for future economic policies[4] Monetary and Liquidity Conditions - The yield curve for government bonds has slightly shifted downwards, indicating a potential easing of monetary policy[4] - SHIBOR rates have shown minor fluctuations, with the 7-day SHIBOR at 1.4510%, up by 4 basis points[4] International Macro and Market - The Federal Reserve has lowered interest rates by 25 basis points, with a dovish tone from Chairman Powell[4] - Market expectations indicate a potential for further rate cuts, with probabilities for rates below 2.5% increasing significantly[4]

Market Overview - The Federal Reserve announced a rate cut of 25 basis points, lowering the target range for the federal funds rate to 3.50%-3.75%[9] - The S&P 500 index closed at 6,887, up 0.67% for the day and 17.09% year-to-date[3] - The Hang Seng Index closed at 25,541, with a daily increase of 0.42% and a year-to-date increase of 27.32%[3] Sector Performance - Gold and precious metal stocks surged, with Lingbao Gold rising over 9% and China Silver Group increasing over 7%[9] - Real estate stocks saw significant gains, with Vanke Enterprises up 13%[9] - Pork stocks also performed well, with WH Group rising over 10%[9] Commodity and Oil Prices - WTI crude oil futures fell by 1.07% to $58.25 per barrel, while Brent crude oil futures dropped by 0.88% to $61.94 per barrel[9] - The Baltic Dry Index decreased by 5.09%, reaching a new low since November 27, primarily due to falling freight rates across all vessel types[9] Investor Sentiment - Market sentiment improved following the Fed's announcement, with major indices rebounding sharply towards the end of the trading session[9] - Large tech stocks showed mixed performance, with Amazon up 1.69% and Microsoft down 2.74%[9] Economic Indicators - The U.S. third-quarter employment cost index showed the slowest growth in over four years, indicating a cooling job market that may help alleviate inflationary pressures[12]

12月10日，国家统计局公布11月份物价数据。 数据显示，11月物价水平进一步企稳。CPI（居民消费价格指数）环比略降0.1%，同比上涨0.7%，涨幅创2024年3月份以来新高，核心CPI同比涨幅连续3个 月保持在1%以上。PPI（工业生产者出厂价格指数）环比上涨0.1%，连续第二个月上涨，同比下降2.2%。 其中，食品价格同比由降转涨。鲜菜价格由上月下降7.3%转为上涨14.5%，为连续下降9个月后首次转涨。新材料、具身智能等高技术制造业发展带动相关 行业价格上涨。 中国民生银行首席经济学家兼研究院院长温彬在接受《每日经济新闻》记者采访时指出，展望2026年，随着扩内需等政策措施发力显效，现代化产业体系加 快构建，叠加重点行业产能治理持续推进、市场竞争秩序优化，物价有望低位温和回升。 鲜菜价格"逆袭"，服务价格"遇冷" 11月，CPI同比上涨0.7%，涨幅比上月扩大0.5个百分点。 温彬表示，部分地区降雨降温，导致蔬菜供应量下降、运输难度与成本增加，价格环比上涨7.2%，远高于历史同期均值0.7%；市场供应充足情况下，猪 肉、鸡蛋、鲜果和水产品价格承压。 猪肉价格何时止跌？ 温彬认为，政策调控和市场倒逼的双 ...

（原标题：12月9日重要资讯一览） 重要的消息有哪些 1．12月9日，外交部发言人郭嘉昆主持例行记者会。据报道，美国总统特朗普8日表示，美国将允许英 伟达向中国"经批准的客户"出售H200人工智能芯片。对此，郭嘉昆表示，我们注意到有关报道，中方 一贯主张中美通过合作实现互利共赢。 2．商务部副部长盛秋平9日表示，"十五五"时期，要把零售业作为培育完整内需体系、做强国内大循环 的关键着力点，推动行业转向品质驱动、服务驱动，实现高质量发展。 3．12月9日，有消息称，业内酝酿已久的多晶硅产能整合收购平台正式成立，公司名称为北京光和谦成 科技有限责任公司，注册资本30亿元，成立日期为2025年12月9日，住所在北京市朝阳区。对此，业内 知情人士向证券时报记者表示，北京光和谦成科技有限责任公司为行业内主要企业探索行业内潜在战略 合作机会，如技术升级、市场拓展、产能与成本优化。但对于该公司是否就是酝酿已久的多晶硅收储平 台，该知情人士并未作明确回应。 3连板昇兴股份：目前正在筹划向特定对象发行股票事项。 5连板龙洲股份：不涉及商业航天相关业务。 大业股份：参股的江北公司主要从事航天产品研发生产，目前净利润规模较小。 厦 ...