Core Insights - Shenzhen's foreign trade situation has improved significantly, with a total import and export value of 4.55 trillion yuan in 2025, marking a 1.4% year-on-year increase and setting a new historical record, maintaining its position as the leading city in mainland China [1] Group 1: Trade Performance - In 2025, Shenzhen's exports reached 2.74 trillion yuan, a decrease of 2.5%, while imports grew by 8% to 1.81 trillion yuan [1] - The total import and export value for 2024 was 4.5 trillion yuan, reflecting a growth of 16.4%, with exports at 2.81 trillion yuan, up 14.6% [1] - The first half of 2025 saw significant challenges due to trade wars, with exports declining by 16.6% in the first two months [1] Group 2: Trade Composition - General trade accounted for over half of Shenzhen's trade, with 2.44 trillion yuan in imports and exports, representing 53.5% of the total [2] - Private enterprises contributed nearly 70% of the total trade, with 3.12 trillion yuan in imports and exports, while foreign-invested enterprises grew by 13.6% to 1.29 trillion yuan [2] - The top ten trading partners accounted for nearly 80% of Shenzhen's trade, with significant growth in exports to regions such as Hong Kong and the EU [2] Group 3: Export and Import Trends - Exports of mechanical and electrical products reached 2.09 trillion yuan, growing by 4.8%, with traditional electronic information products showing resilience [3] - Imports of mechanical and electrical products totaled 1.48 trillion yuan, a 9.3% increase, with integrated circuits and computer components seeing substantial growth [3] - Agricultural product imports also rose, reaching 998.2 billion yuan, with notable increases in grain and aquatic products [3]

Group 1 - The core viewpoint of the news is the recent economic and trade cooperation agreement between China and Canada, which includes a preliminary joint arrangement addressing bilateral trade issues, particularly in electric vehicles and canola seeds [1][2] - During Canadian Prime Minister Carney's visit to China from January 14 to 17, an agreement was reached to allow Canada to grant China an annual quota of 49,000 electric vehicles, which will benefit from a 6.1% most-favored-nation tariff rate, eliminating the previous 100% additional tax [1] - The quota for electric vehicles is set to increase annually by a certain percentage, indicating a positive step towards expanding China's electric vehicle market in Canada [1] Group 2 - The signing of the "China-Canada Economic and Trade Cooperation Roadmap" on January 15 represents a significant milestone in bilateral relations, marking the first high-level cooperation document in the history of China-Canada trade [2] - The roadmap outlines cooperation in eight areas, including economic and trade committees, agricultural and food security, green and sustainable trade, e-commerce, and financial cooperation, proposing 28 specific initiatives [2] - The cooperation plan encompasses both traditional sectors like energy and agriculture, as well as new fields such as advanced manufacturing and clean energy, suggesting that China-Canada economic cooperation is poised for rapid development [2]

Core Viewpoint - Algeria and Indonesia are enhancing cooperation in agriculture and fisheries to align with their historical and political relations, focusing on food security and production capacity [1] Group 1: Cooperation Discussions - The meeting involved discussions on elevating agricultural and fisheries collaboration to match the bilateral historical and political relationship [1] - Emphasis was placed on developing a joint strategy for food security and enhancing production capabilities in agriculture, marine fishing, aquaculture, and productive investments [1] Group 2: Technical and Legal Frameworks - Both parties expressed willingness to expand cooperation and deepen experience exchange and technology transfer, particularly in irrigation technology and increasing food crop productivity [1] - There is a commitment to update legal frameworks to strengthen collaboration in marine fisheries and aquaculture, along with the development of a comprehensive action plan [1] - The parties agreed to continue studying legal texts related to plant and animal quarantine to finalize them and further enhance the partnership between Algeria and Indonesia in this area [1]

据了解，地区生产总值核算包括初步核算和最终核实两个步骤。经最终核实，2024年天津市地区生产总 值17931.55亿元，按不变价格计算，比上年增长4.9%。(完) 天津2025年GDP达18539.82亿元 同比增长4.8% 中新网天津1月22日电 (记者 周亚强)记者22日从天津市统计局获悉，根据地区生产总值统一核算结果， 2025年天津市地区生产总值为18539.82亿元，按不变价格计算，比上年增长4.8%。全市经济运行保持平 稳增长。 分产业观察，第一产业增加值293.55亿元，增长3.0%；第二产业增加值6154.46亿元，增长3.5%；第三 产业增加值12091.81亿元，增长5.4%。服务业增速快于全市GDP增速0.6个百分点，其中现代服务业表 现亮眼，信息传输软件和信息技术服务业、租赁和商务服务业增加值分别增长18.6%和13.4%。 农业生产保持良好形势，全年粮食总产量279.2万吨，增长3.2%，实现"二十二连丰"。工业生产稳定增 长，规模以上工业增加值增长4.2%。高技术制造业增长较快，增加值增长5.3%，医疗仪器设备及器 械、电子计算机整机等产品产量大幅增长。固定资产投资比上年增长1.6 ...

转自：新华网 农业农村部1月22日在国新办举行的新闻发布会上发布信息显示，2025年我国农业现代化水平持续提 升，农业科技进步贡献率超过64%。 2025年我国支持新建和改造提升高标准农田7568万亩，累计建成超10亿亩。种业振兴行动扎实推进，农 机装备研发应用加快发展，智慧农业应用场景全链拓展，农业绿色转型步伐加快。 记者：古一平、韩佳诺 海报制作：韩佳诺 新华社国内部出品 ...

证券日报网讯1月22日，天康生物（002100）在互动平台回答投资者提问时表示，政府的各项补贴政策 具有其特定的政策目标和严格的申报条件，金额的差异主要源于公司业务结构、产业布局、区域政策差 异等多重客观因素，公司始终高度重视国家及地方各项农业扶持政策的对接落实，严格按照国资监管要 求及上市公司规范要求，设立专人负责政策研究、挖掘符合补贴政策的项目潜力、争取更多政策支持， 进行项目申报及补贴申领工作。 ...

【冠通期货研究报告】 发布日期：2026 年 1 月 22 日 大豆：东北产区低蛋白大豆现货价格回落，高蛋白大豆供应偏紧，保持优质 优价特征，部分区域 39%蛋白含量的商品豆价格维持在 2.2 元/斤附近。周三中 储粮进行的 33058 吨国产大豆购销双向竞价再次全部成交。近期大豆市场的核心 变化集中在调控端，一边是多地粮库陆续停收，另一边是大豆拍卖量显著提升， 不过市场价格却依旧保持高位坚挺，没出现大的波动。预估大豆延续震荡走势。 玉米：政策端进口玉米及竞价销售玉米持续投放，一定程度上补充市场供应， 但成交多存在溢价，提振市场情绪。基层挺价情绪较强，中下游存有刚性补库需 求，支撑玉米偏强运行。但下游企业在亏损下对高价玉米接受度不高，或限制玉 米价格上涨空间。整体来看，玉米市场支撑与压力并存，价格保持高位震荡。后 续基层售粮心态变化及政策投放力度仍是关注重点。建议节前宽幅震荡看待，不 过如存在较大回落调整，仍可考虑逢低买入。 鸡蛋：最近鸡蛋价格飙升，标志着蛋鸡养殖行业逐步走出低谷，迎来盈利修 复的关键转折点。这一变化不仅缓解了养殖户的资金压力，更重塑了市场信心。 不过价格反弹再次使得近期涨价老鸡淘汰又在犹豫， ...

农业农村部：土 地延包方案须经 村集体审议_南 方+_南方plus 1月22日，国务 院新闻办公室举 行新闻发布会， 介绍加快农业农 村现代化、扎实 推进乡村全面振 兴有关情况。会 上透露，农业农 村部先后启动第 二轮土地承包到 期后再延长三十 年整乡镇、整 县、整省试点， 目前已覆盖了7 个整省、221个 整县、349个整 乡镇，2500多万 农户承包地总体 顺延，让农民吃 上"定心丸" 。 新闻发布会上，农业农村部发展规划司司长陈邦勋答记者问。（徐想 摄） 党的二十届四中 全会明确，"稳 定土地承包关 系，稳步推进二 轮承包到期后再 延长三十年试 点"。对此，农 业农村部发展规 划司司长陈邦勋 表示，在工作中 要把握好三个方 面：一是坚持延 包原则，就是坚 持"大稳定、小 调整"，用好农 村承包地确权登 记颁证成果，确 保绝大多数农户 原有承包地保持 稳定、顺利延 包。个别调整 的，一定要依法 依规从严掌握。 二是规范延包程 序，按照延包工 作规程规范开展 试点，确保程序 合法合规，特别 是延包方案要提 交农村集体经济 组织成员大会审 议，经全体成员 三分之二以上同 意后组织实施。 三是妥善解决突 出矛盾 ...

Market Overview - A-shares showed mixed performance last week with major indices fluctuating and trading volume declining from high levels [1][8] Macro Data Analysis - China's exports in December increased by 6.6% year-on-year in USD terms, exceeding market expectations and also showing month-on-month growth [4][13] - For the entire year of 2025, exports are projected to grow by 5.5%, making it the largest contributor to economic growth among the three driving forces [4][13] - The strong export performance in December is attributed to sustained external demand during the global manufacturing cycle and a rush to export due to reduced domestic tax rebates [4][13] - The new export orders index for China's manufacturing PMI rose by 1.4 percentage points to 49.0% in December, while JPMorgan's global manufacturing PMI recorded 50.4%, indicating robust external demand [4][16] - Key export items included computers, integrated circuits, and automobiles, with the latter showing the strongest growth, potentially influenced by the EU's proposed minimum import price policy for Chinese cars [4][16] - ASEAN remains China's largest export destination [4][16] Short-term Market Strategy - The market is experiencing a cooling phase after a period of heightened enthusiasm, with a rapid decline in trading volume and financing levels [8][18] - Factors supporting the market include favorable liquidity conditions, a weak dollar cycle, and a gradual appreciation of the RMB [8][18] - The spring rally is driven by hotspots in commercial aerospace and AI applications, enhancing market risk appetite [8][18] - Regulatory measures have been implemented to cool down the market due to the rapid accumulation of risks from strong momentum [8][18] - The market's trading heat is quickly diminishing, and short-term thematic trends may enter a consolidation phase [8][18] Mid-term Market Outlook - Technology growth remains a favored direction, with expectations of improving economic fundamentals gradually accumulating [9][19] - The current economic fundamentals and technology narratives have not fundamentally changed, and the technology sector remains a priority for allocation [9][19] - Defensive dividend sectors may enter an observation period, with potential for fund allocation if aggressive sectors continue to face pressure [22] Long-term Market Perspective - The long-term dynamics of the US-China struggle are becoming clearer, with increasing skepticism about the US government's governance and institutional credibility [10][20] - Despite uncertainties in the US economic outlook and the Fed's interest rate cuts, the credit of the dollar remains intact [10][20] - The trend of long-term capital inflow into the Chinese equity market is expected to strengthen due to regulatory policies promoting passive investment products [10][20] - The increase in equity market profitability is likely to encourage residents to allocate more of their excess deposits into the stock market [10][20] Industry Insights - For defensive dividend sectors, a short-term observation period is recommended, with attention to potential fund allocation in response to worsening market sentiment [22] - In aggressive sectors, technology remains a key focus, particularly in AI and commercial aerospace, which are expected to continue driving performance [22] - The market should monitor the stabilization of AI applications and aerospace sectors for potential investment opportunities [22]

1月22日，国务院新闻办公室举行新闻发布会，介绍加快农业农村现代化，扎实推进乡村全面振兴 有关情况，并答记者问。农业农村部科学技术司司长周云龙表示，将聚焦推动科技创新和产业创新深度 融合，因地制宜发展农业新质生产力。 新华社音视频部制作 0:00 / 1:25 ...