Group 1 - The core focus of the meeting was to address the challenges posed by the U.S. tariffs, expand domestic markets, enhance economic cooperation between Guangzhou and Taiwan, and promote the high-quality development of Taiwanese enterprises [1][2] - Representatives from nearly 20 Taiwanese enterprises, including those in jewelry, automotive parts, and textiles, participated and provided feedback on the current economic challenges and opportunities [2] - Guangzhou's government departments expressed their commitment to support Taiwanese businesses through various policies and initiatives aimed at creating a favorable business environment [2][3] Group 2 - The Guangzhou Municipal Taiwan Affairs Office emphasized the importance of Taiwanese enterprises in the local economy and highlighted ongoing efforts to optimize the business environment for these companies [2][3] - Taiwanese business representatives expressed confidence in the support from the Guangzhou government and acknowledged the city's robust industrial chain and favorable policies as conducive to innovation and entrepreneurship [3] - The meeting aimed to foster collaboration and resilience among Taiwanese businesses in Guangzhou, encouraging them to actively participate in the city's high-quality development initiatives [3]

以下文章来源于申万宏源策略 ，作者申万宏源策略 申万宏源策略 . 我们强调体系性、实战性 一、A股二季度调整的宏观背景：中国出口自然回落 + 美对华关税威胁加码，海外衰退交易向 A股映射。宏观预期波动放大，风险偏好下行。顺周期修复上行空间有限，科技行情需收缩聚 焦。我们不担心的问题：业绩期科技行情不是"证伪"而是"聚焦"。4月A股一季报期、经济数 据验证期预期本就偏低，预期额外下修空间也有限。 短期市场调整的直接原因："四月决断"(A股年报一季报验证期，中国经济数据验证期，美国关 税兑现期)窗口临近，市场风险偏好下降。短期调整兑现后，我们认为"四月决断"压力已基本 释放：互联网资本开支增速与A股国内算力相关板块营收增速正相关，国内算力订单是订单集 中释放期，一季报也有望看到向上拐点。业绩期科技行情不是"证伪"而是"聚焦"，后续国内AI 算力可能率先分化走强。A股顺周期改善预期本就偏低，即便4月经济未延续强势，预期额外 下修的空间也是有限的。仅4月验证期的调整压力已经有限。 二季度后续，宏观层面依然存在的问题是，中国出口自然回落 + 4月初之后美对华关税威胁可 能再加码。这对应，宏观经济预期波动放大，市场对二季 ...