Core Insights - Deloitte China released its 2025 Fiscal Year Social Impact Report, showcasing its commitment to sustainable development and high-quality economic growth in China [1] Group 1: Business Growth and Talent Development - In the 2025 fiscal year, Deloitte China supported over 2,000 Chinese enterprises in expanding into international markets, enhancing their global competitiveness [1] - Deloitte China has been recognized as a "Top Employer in China" for the 19th consecutive year and launched a "10,000 AI/GenAI Talent Certification Training Program" to improve employees' AI skills [2] Group 2: Environmental Protection - Deloitte China integrated sustainable development into daily operations, achieving 20 green/healthy building certifications and purchasing 7,242 international renewable energy certificates (I-RECs) and 754 Chinese green power certificates (GECs) [2] - The company aims for net-zero emissions and actively engages employees in ecological protection initiatives [2] Group 3: Social Contribution - Deloitte China invested in rural education and talent development, benefiting over 1.4 million people through the "Smart Start" program, with a total social impact investment of 30.18 million RMB [3] - Employee volunteer service hours reached 66,782, demonstrating the company's commitment to social responsibility [3] Group 4: Corporate Governance - Deloitte China has enhanced its governance structure through collaboration among partners, councils, and management teams [3] - The company achieved four international certifications in information security management, ensuring data protection for clients and employees [3] Group 5: Future Commitment - The CEO of Deloitte China emphasized the importance of professional service firms as leaders in corporate social responsibility, committing to strengthen capabilities and innovation for long-term positive impacts [3]

Core Insights - The 2025 Shandong International Trade and Investment Advisory Conference was held in Jinan, focusing on promoting high-quality development and modern industrial systems in Shandong [1][3] - KPMG has been invited to the conference for the fifth consecutive year, highlighting its role as a key advisor in international trade and investment for Shandong [1][5] Group 1: Economic Performance - China's exports showed strong resilience in 2023, with a year-on-year growth of 6.1% in the first three quarters, an increase of 1.7 percentage points compared to the previous year [5] - Shandong, as the fifth largest exporting province in China, also performed well, with export growth exceeding 5% in the same period, driven by emerging markets and enhanced recognition of traditional products [5] Group 2: Challenges and Recommendations - Despite positive growth, challenges remain, including potential additional tariffs on transshipped goods by the U.S. and tightening scrutiny on re-export trade [5] - KPMG suggests that relevant departments provide policy support for foreign trade enterprises from both short-term and long-term perspectives to navigate these challenges [5] Group 3: KPMG's Commitment - KPMG has been operating in Shandong for nearly 20 years, providing high-quality audit, tax, and consulting services to local governments and businesses [5] - The firm plans to continue its engagement in Shandong, leveraging its platform and expertise to support the province's economic and social development [5]

Core Insights - The article discusses the paradox of rising layoff notifications in the U.S. job market while unemployment claims remain historically low, indicating a potential economic downturn ahead [2][7]. Group 1: Layoff Notifications - In October 2025, the number of WARN layoff notifications reached 39,006, signaling a potential wave of job losses in the upcoming months [4]. - This figure is comparable to historical peaks during major crises, such as the 2008 financial crisis and the early COVID-19 pandemic, despite the absence of large corporate bankruptcies or global lockdowns [4][6]. Group 2: Economic Indicators - Challenger Gray & Christmas reported that October 2025 saw the highest number of announced layoffs for that month in over 20 years, indicating a worsening trend in the labor market [6]. - The article highlights a fundamental shift in the labor market, moving from a labor shortage phase (2021-2023) to a phase of layoffs driven by factors such as rising interest rates and AI-induced job displacement [10]. Group 3: Future Projections - The unemployment rate is projected to exceed 5% by the end of Q1 2026, marking the onset of a mild recession, with the Federal Reserve likely to initiate interest rate cuts between March and May [11]. - The anticipated "white-collar recession" is expected to spread from the tech and finance sectors to broader service industries, with real estate prices potentially declining by 10%-15% [13].

Core Insights - The report indicates a significant increase in consumer spending on experiences and luxury products, which now accounts for 38% of total expenditures, ranking third after daily expenses and education, health, and quality of life [1] Consumer Spending Trends - The top three categories for experiential spending are entertainment, dining, and travel, reflecting a shift in consumer perception of experience consumption as a "necessity," particularly among the younger generation and high-income groups earning over 200,000 Thai Baht per month [1] Education, Health, and Quality of Life Expenditures - 44% of respondents attribute increased spending on education, health, and quality of life to a focus on longevity and welfare, with over half of the respondents planning to retire at age 60 [1] Retirement Savings Goals - The average retirement savings target for ordinary consumers is set at 3.9 million Thai Baht, while high purchasing power groups aim for an average of 10.5 million Thai Baht [1] Financial Management Recommendations - The bank advises consumers to systematically plan their financial management to maintain retirement living standards and address unexpected expenses, including preventive health budgets, diversified investments, and insurance [1]

11月7日，由商务部投资促进事务局与浙江省商务厅共同组织的"投资金砖"经贸合作交流活动在上海成 功举办。活动吸引来自金砖国家驻华使领馆、商协会、园区及数字经济、金融和科技领域的约200名中 外嘉宾参会。商务部投资促进事务局副局长杨依杭出席活动并致辞。埃塞俄比亚驻华大使塔费拉·德贝· 伊马姆、乌干达驻华大使奥利弗·沃内卡、金砖国家新开发银行副行长兼首席运营官Roman Serov，以及 联合国贸易和发展组织等机构主要领导和嘉宾出席活动。 杨依杭副局长在致辞中指出，金砖国家投资合作潜力巨大，商务部投资促进事务局愿与各方携手，打造 大金砖合作的投资促进专业平台，推动团组互访、信息共享、政策协调和项目对接，让金砖投资合作成 果惠及更多企业。 浙江省商务厅二级巡视员李庆荣表示，浙江持续打造"投资金砖"、"买在金砖"等公共品牌，推动浙江与 金砖国家在金融、科技等更多领域打造务实成果。杭州市商务局党组书记、局长王永芳对2026年9月在 杭州举办的第五届全球数字贸易博览会进行了推介。 金砖国家新开发银行私营部门与非主权担保业务局局长韩斌在发言中介绍，新开发银行成立十年来，已 承诺提供超过400亿美元融资，支持120多个项目， ...

Group 1 - In October, the number of layoffs announced by U.S. employers surged to 153,074, nearly doubling from 54,064 in September, with a total of 1,099,500 layoffs reported this year, a 65% increase from the same period last year [2][3] - The layoffs are attributed to cost-cutting measures and the impact of artificial intelligence, marking the highest number of layoffs for this period since the COVID-19 pandemic [2][3] - Despite the layoffs, the unemployment rate remains low at 4.36%, with no significant changes observed in the labor market since the turmoil in September [3][4] Group 2 - The job market is experiencing a slowdown, with hiring data from platforms like Indeed showing a decline in job postings to the lowest level since 2021, particularly in tech-heavy regions [3][4] - ADP reported a rebound in private sector job growth with 42,000 new jobs added in October, contrasting with other reports indicating a reduction in overall employment [4] - Employee confidence is at its lowest since June, reflecting the challenges faced in a stagnant labor market with limited external options [4]

Core Insights - The 8th China International Import Expo (CIIE) opened on November 5 in Shanghai, highlighting Hong Kong's role as a bridge for mainland enterprises to expand globally through its international platform [1] - The event featured discussions on Hong Kong's unique advantages in technology innovation, finance, and professional services, which empower companies to explore global markets [1] Group 1: Hong Kong's Technology Innovation Ecosystem - Hong Kong's tech ecosystem is becoming a crucial support for mainland tech companies looking to go global, leveraging its unique advantages under the "One Country, Two Systems" framework [3] - Successful case studies were shared, including a tech company utilizing 3D printing to create coral reef structures in Abu Dhabi with a survival rate of 98% [3] Group 2: Hong Kong's Financial System - Hong Kong's financial ecosystem offers three main advantages: an efficient and open banking system with over 70 of the world's top 100 banks, a highly open international capital market, and its role as a preferred platform for connecting mainland and international capital markets [4][5] - The city plays a key role in China's financial opening strategy, with various connectivity mechanisms enhancing its status as an offshore RMB hub [5] Group 3: Professional Services in Hong Kong - Hong Kong's world-class professional services are essential for mainland enterprises to manage risks and ensure sustainable growth when expanding internationally [6] - The unique common law system in Hong Kong provides a strong legal framework, enabling effective communication and negotiation for Chinese companies in international dealings [6] - Companies like Dongchao Technology Group have chosen Hong Kong as their international headquarters due to the strong support and resources available, facilitating their global market expansion [6] Group 4: Overall Impact - Hong Kong is leveraging its unique geographical advantages and professional capabilities to play a more significant role in supporting China's high-level opening-up, assisting more Chinese enterprises in their global ventures [7]

Core Points - The 8th China International Import Expo (CIIE) has opened in Shanghai, showcasing new products and technologies from around the world [1] Group 1: Agricultural and Food Products - The agricultural and food products exhibition area features over a thousand companies, including the return of Peru's desert blueberries and Ecuador's "red banana," highlighting global culinary delights [3] - The theme "From global farms to Chinese tables" emphasizes the importance of the expo in connecting international food products to Chinese consumers [3] Group 2: Consumer Goods - The consumer goods exhibition area, the largest at the expo, focuses on "higher quality, better life," showcasing cutting-edge beauty technology, AI smart appliances, and lifestyle products [5] - New features include a pet-themed display area and a "CIIE Sports Park," reflecting trends in modern living and technology [5] Group 3: Medical Devices and Healthcare - The medical devices and healthcare exhibition area is themed "Healthy China, Beautiful Life," presenting innovations such as a rapid imaging system for detecting small tumors and a new drug targeting triglycerides [7] - The area also highlights advancements in biomedicine and digital healthcare solutions [7] Group 4: Transportation and Smart Mobility - The expo features one of the largest eVTOL products, capable of cruising at 360 km/h with a noise level of only 56 decibels, marking its global debut [9] - The transportation area has seen a nearly 100% increase in low-altitude economy brands compared to last year, offering attendees the chance to experience new aircraft models [9] Group 5: Technology and Equipment - The technology and equipment exhibition area showcases significant upgrades in AI hardware, including a smart escalator system and various precision manufacturing products making their global debut [11] - The area will also host competitions featuring humanoid robots and AI esports, emphasizing the integration of technology in everyday life [11] Group 6: Service Trade - The service trade exhibition area, themed "Connecting Industries, Connecting China," has attracted over 50 Fortune 500 companies, showcasing innovations in logistics, finance, and consulting [13] - Key exhibits include autonomous navigation sorting arms and sustainable mining demonstrations, highlighting the role of service trade in the global economy's green and digital transformation [13]

经济学界，保罗·萨缪尔森的名字家喻户晓，他的教科书定义了整个学科。然而，在马萨诸 塞州——萨缪尔森执教的麻省理工学院所在州——真正塑造了经济现实的人，却是一位曾被 他所在院系解雇的教授：迈克尔·H.贝斯特。他的故事是一个关于思想的力量、学术的反叛 与现实的胜利的传奇。理解他戏剧性的生涯，正是理解其新著《增长如何发生》的绝佳钥匙 ——因为这本书的智慧，正源于他从被解雇到成为经济救星的整个旅程。 离 开 马 萨 诸 塞 大 学 阿 默 斯 特 分 校 后 ， 贝 斯 特 转 至 马 萨 诸 塞 大 学 洛 厄 尔 分 校 （ UMass Lowell）继续他的研究与教学。正是在这里，他获得了将理论付诸实践的绝佳舞台。 当曾被誉为"美国技术高速公路"的128公路地区陷入衰败深渊时，州政府带着最后的希望找 到了贝斯特。他领衔的咨询团队为麻省政府提供了那剂旁人开不出的"猛药"。他没有执着于 减税和补贴大企业，而是深入中小制造企业，诊断出"系统失灵"的症结。他推动建立的"柔 性制造细胞"和"生产联盟"，将分散、孤立的企业产能整合成一个充满活力的创新网络。 结果令人震惊：一个以生物技术仪器和精密制造为代表的新产业集群迅速崛 ...

Core Insights - Ernst & Young (EY) received the "2025 Annual Excellence Contribution Award" at the 2025 China Marine Economy Expo for its significant role in building the marine industry ecosystem [2][4] - The expo serves as a high-end platform for showcasing China's marine economic achievements and promoting international cooperation, focusing on themes like market-oriented exhibition mechanisms and deep-sea technology [6][7] Group 1: Award and Recognition - EY was recognized for its contributions to the marine industry ecosystem, highlighting its collaboration with governments from countries like Germany, Australia, Greece, and Oman [4] - The award reflects EY's expertise in blue economy and sustainable development, validating its efforts in empowering industries and building a prosperous ecosystem [4] Group 2: Blue Finance and ESG Integration - EY's partner, Li Jing, emphasized the importance of establishing a quantifiable ESG governance framework to attract long-term capital into the marine sector [6] - The integration of blue finance with ESG principles is seen as essential for enhancing transparency and governance in marine industries, providing a clear framework for investors [6] Group 3: Future Directions and Commitment - EY continues to invest in blue economy and sustainable development, offering a full cycle of support including strategic planning, financing, and compliance management for marine technology companies and local governments [7] - The company aims to collaborate with various partners to drive the development of the blue economy and build a sustainable marine industry ecosystem [7]