除亚洲的目的地外，输往其他地区的部分主要目的地的整体出口货值录得跌幅，尤其是荷兰(跌38.4%) 和英国(跌24.1%)。另一方面，输往德国(升30.8%)的整体出口货值则录得升幅。 同期，来自大部分主要供应地的进口货值录得升幅，尤其是越南(升107.3%)、英国(升59.5%)、中国台湾 省(升50.6%)和内地(升14.8%)。另一方面，来自韩国(跌21.3%)的进口货值则录得跌幅。 智通财经APP获悉，5月26日，香港政府统计处发表的对外商品贸易统计数字显示，2025年四月份香港 整体出口和进口货值均录得按年升幅，分别上升14.7%和15.8%。继2025年三月份录得18.5%的按年升幅 后，2025年四月份商品整体出口货值为4,345亿元，较2024年同月上升14.7%。同时，继2025年三月份录 得16.6%的按年升幅后，2025年四月份商品进口货值为4,505亿元，较2024年同月上升15.8%。2025年四 月份录得有形贸易逆差160亿元，相等于商品进口货值的3.6%。 2025年首四个月的商品整体出口货值较2024年同期上升11.9%。同时，商品进口货值上升11.4%。2025 年首四个月录得 ...

Core Viewpoint - The "2025 China Youth Innovation and Entrepreneurship Week" in Changsha aims to foster youth entrepreneurship and innovation through various initiatives, including competitions and funding opportunities, thereby addressing talent retention challenges in Hunan province [2][3][6]. Group 1: Event Overview - The event includes the "Golden Seed Cup" college student entrepreneurship competition, showcasing innovative projects from around the world, with 160 teams participating across four industry tracks [16][17]. - The competition attracted 40,400 projects globally, with 9,928 valid entries from 142 universities in Hunan and 267 from outside the province [17]. - The event features a series of activities, including investment matching sessions and training camps, aimed at creating a supportive environment for young entrepreneurs in Hunan [7][9]. Group 2: Key Initiatives - The "2025 China Youth Technology Innovation" list identifies 122 technical challenges across eight fields, with competitions set to take place in eight cities, including Changsha, which will focus on high-end equipment [5][6]. - The "Golden Seed" projects that win awards will receive financial support, mentorship, and access to resources to facilitate their development and implementation in Hunan [18][19]. - The event emphasizes a collaborative approach between universities, government, and investment institutions to nurture young talent and innovative projects [15][19]. Group 3: Success Stories - Entrepreneurs like Hu Hanbing and Wang Yufeng share their experiences of overcoming challenges with the support of local institutions and funding initiatives, highlighting the conducive environment for startups in Hunan [3][10][12]. - Projects such as the "Low-Carbon Agent" developed by Li Jiarui have already begun implementation in Hunan, demonstrating the practical impact of the initiatives [18][19]. - The event serves as a platform for international collaboration, with participants from various countries leveraging local resources to establish businesses in Hunan [14].

每周一景： 云南玉龙雪山 点击右上角菜单，收听朗读版 【 宏观】出口反弹，内需分化 上周高频数据显示，消费方面冷热不均，其中汽车销售仍较强。 投资方面，基建投资加速发力，地产销售 边际改善但土地市场低迷。进出口加速反弹，海外需求韧性犹存，关税缓和期港口数据和出口运价快速回 升，或因前期积压库存集中出货和抢出口。生产呈现行业分化的趋势，光伏生产指数回升，钢铁、石化等 部分行业开工率回落。库存方面，煤炭库存高位回落，钢材加速去库。物价表现一般， CPI 和 PPI 相关 高频指标大多下行。流动性方面，美元指数大幅回落，人民币持续升值。 风险提示： 贸易局势不确定性 。 >>以上内容节选自国泰海通证券已经发布的研究报告 ： 出口反弹，内需分化 ，具体分析内容（包括风险提示等） 请详见完 整版报告。 【 海外策略】贸易摩擦缓和期资产价格如何走 2018-19 年中美贸易摩擦共历时近两年，期间经历四次缓和窗口期。 具体包括： 2018 年 5 月华盛顿 会谈后双方发布联合声明、 2018 年 12 月阿根廷 G20 峰会双方元首会晤、 2019 年 6 月大阪 G20 峰 会后的谈判重启、 2019 年 10 月华盛顿 ...

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客 户，用作新媒体形势下研究信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿 订阅、接收或使用本订阅号中的任何信息。本订阅号难以设置访问权限，若给您造成不便， 敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相关人员为光大 证券的客户。 光大研究一周热榜，精选"光溯" 小程序本周阅读量前十研报。 No.1 行业动态 2025-05-18 洞悉光的观察 / 聆听光的声音 / 了解光的态度 No.2 餐饮行业有望复苏，关注供应链相关标的——餐饮 链板块跟踪报告 李嘉祺,叶倩瑜,董博文 行业动态 2025-05-21 根据章鱼小数据，25Q1餐饮市场热度相较24年全年呈现缓慢复 苏，门店数量有所增加。25Q1一线城市餐饮热度环比提升，政 策刺激有望带动需求改善，门店端竞争淘汰加剧。相对刚需且 客单价不高的品类依旧保持较高的开店率，平价餐饮趋势依旧 明显。考虑提振内需政策加码，餐饮消费及供应链需求后续有 望修复,龙头公司积极拥抱渠道变革、优化经营效率,建议关 注上游供应链相关 ...

以下文章来源于时代周报 ，作者孙艺格 时代周报 . 记录大时代，深读全商业。互联网新闻信息服务许可证编号：44120230006 本文来自微信公众号： 时代周报 ，作者：孙艺格，原文标题：《中美互降关税一周后的义乌：有商 家通宵赶工，有商家咨询量增加，有商家仍在等机会》，头图来自：作者拍摄 5月14日，中美双方正式实施调整后的关税政策。根据《中美日内瓦经贸会谈联合声明》，美国取消 对中国商品加征的91%关税，修改4月2日来对中国商品加征的34%的对等关税，其中24%的关税暂停 加征90天，保留剩余10%的关税。 相应地，中国也取消对美国商品加征的91%的反制关税；针对美对等关税的34%反制关税，相应暂停 其中24%的关税90天，剩余10%的关税予以保留。 在降低关税的同时，美国还下调或撤销对中国小额包裹 （包括香港特别行政区小额包裹） 加征的关 税，将国际邮件从价税率由120%下调至54%，撤销原定于2025年6月1日起将从量税由每件100美元 调增为200美元的措施。 贸易追踪机构Vizion发布的数据显示，在美国和中国互降关税之后，在美国下单的从中国到美国的集 装箱运输预订量飙升近300%。 Vizion ...

Core Viewpoint - The article highlights the resurgence of foreign trade in Yiwu, driven by a temporary easing of trade tensions and a significant increase in orders from the U.S. market, particularly in the wake of tariff reductions and trade negotiations between China and the U.S. [2][4][16] Group 1: Trade Dynamics - Yiwu foreign traders are experiencing a surge in orders, with a notable increase in container bookings to the U.S., which rose nearly 300% following tariff reductions [4][16] - The average booking volume for containers from China to the U.S. increased from 5709 to 21530 standard containers within a week, marking a 277% rise [4][16] - Companies are actively working to fulfill orders, with one business reporting over $1 million in orders ready for shipment to the U.S. [7][11] Group 2: Business Strategies - Companies are adapting to the changing trade environment by diversifying their markets, with some exploring opportunities in Europe and Latin America to mitigate risks associated with U.S. tariffs [11][18] - One company reported that only 5% of its sales come from the U.S., allowing it to remain largely unaffected by the trade tensions [10] - Businesses are also increasing their domestic market efforts, with one company achieving nearly 6 million yuan in sales from domestic gift products in its first year [14] Group 3: Market Trends - The "May Day" holiday saw a significant influx of tourists in Yiwu, with 277.78 million visitors recorded, a 29.99% increase year-on-year, contributing to a tourism revenue of over 1.1 billion yuan [12] - The article notes that the demand for Chinese manufactured goods remains strong, with companies emphasizing that their products have no suitable alternatives abroad [18] - The U.S. Department of Commerce reported a 2.3% year-on-year increase in the Personal Consumption Expenditures (PCE) price index, indicating a potential rise in consumer demand [10]

Group 1 - The global economic and trade environment is undergoing profound changes, with increasing uncertainty due to high tariffs and rising protectionism, which suppresses corporate investment decisions and innovation [4][5] - The restructuring of the international trade and investment system creates new development opportunities for global South countries, as they can attract more trade and investment due to their competitive advantages in lower costs and tariffs [4][5] - The importance of enhancing domestic circulation in China is emphasized, with suggestions to break down barriers in the unified market, evaluate macro policies effectively, and support the development of the private economy [8][6] Group 2 - The need for China to increase fiscal spending and social security to stimulate domestic demand and achieve economic rebalancing is highlighted [7][6] - The diversification of the global monetary system is anticipated, with more currencies from emerging markets participating in international transactions and an increased focus on digital currencies for cross-border trade [9]

五是进口方面，集成电路、电脑及其零部件、黄金等进口快速增长。4月份，深圳市进口机电产品 1298.9亿元，增长15.1%，占同期深圳市进口总值的（下同）80.8%。其中，集成电路741.6亿元，增长 一是一般贸易进出口占比近六成，保税物流、加工贸易逆势增长。4月份，深圳市以一般贸易方式进出 口2294.2亿元，下降0.8%，占同期深圳市进出口总值的（下同）56.7%。同期，以保税物流方式进出口 987.8亿元，增长12.4%，占24.4%；加工贸易方式进出口743.1亿元，增长9.5%，占18.4%。 二是民营企业进出口占七成，外商投资企业进出口增速较快。4月份，深圳市民营企业进出口2845.6亿 元，增长1.5%，占70.3%。同期，外商投资企业进出口1030.2亿元，增长11.5%，占25.5%。同期，国有 企业进出口167.4亿元，下降1.3%。 三是对大部分主要贸易伙伴进出口保持增长，仅对东盟、美国进出口下降。4月份，深圳市对东盟进出 口690.3亿元，下降4.1%；对香港地区进出口620.6亿元，增长6%；对台湾地区进出口448.4亿元，增长 29.4%；对欧盟进出口412.7亿元，增长8.1%；对 ...

韩国财政部：将密切关注美国关税对农业和食品出口的影响，并制定支持措施。 ...

在刚刚公布的浙江经济4月"成绩单"上，四个字透出了底气：总体平稳。1至4月，浙江外贸展现出强劲 韧性，外贸增速高于全国。具体来看，1至4月，浙江省外贸进出口达1.75万亿元，同比(以下均为同比) 增长6.6%。其中，出口达1.31万亿元，增长9.7%；进口达4362.5亿元，下降1.6%。与一季度数据相比， 浙江进出口、出口增速依然高于全国，且份额仍在提升，同时，进口降幅进一步收窄，足可见浙江外贸 的韧性。坚持多元化市场同步发力。1至4月，尽管对美出口受阻，但浙江对东盟、拉美、中东等新兴市 场出口势头不错，出口额分别为1802.8亿元、1450.6亿元、1230.1亿元，增长9.2%、21.5%、10.4%。(浙 江日报) ...