Group 1: Government Initiatives - The government of Changshu is actively promoting high-quality development through strategic planning and project implementation, aiming for a GDP exceeding 300 billion yuan in 2024 and a growth rate of 6.3% in the first quarter of 2025 [1][2] - Initiatives include the launch of the "Yulin Cangtian" project to support specialized and innovative enterprises, and the establishment of an artificial intelligence innovation system focusing on high computing power and strong applications [2][3] - In 2025, Changshu signed 38 projects with a total investment of nearly 40 billion yuan, covering various sectors including new energy vehicles, artificial intelligence, and emerging service industries [2][3] Group 2: Industry Development - The automotive and parts industry is a key pillar for Changshu, with over 500 related enterprises and an expected industry scale exceeding 160 billion yuan in 2024, focusing on electric, connected, and intelligent vehicles [6][7] - Changshu's industrial landscape is diverse, with 33 major industrial categories and 302 subcategories, showcasing a strong understanding of the "innovation ecosystem" among local enterprises [7] - Companies like Bosideng are leveraging artificial intelligence to enhance their design processes, indicating a trend towards digital transformation in various sectors [7] Group 3: Community Engagement - The "Eagle Line" hiking route has become a significant cultural and tourism asset, attracting over 2.35 million visitors annually and generating nearly 200 million yuan in surrounding consumption [8][10] - Community involvement is evident as local residents transform idle properties into service stations, and young entrepreneurs create unique business models, enhancing the overall tourism experience [8][10] - The shift from a "government-led" model to a "community-driven" approach in tourism development reflects a deeper engagement of citizens in local governance and service provision [8][10]

Core Perspective - Shenyang is actively implementing a "talent strong city" strategy to attract and retain high-level talent, which is seen as essential for the city's revitalization and development [4][5][13]. Talent Attraction and Development - Shenyang has launched a three-year action plan to attract high-level talent, aiming to recruit 2,000 individuals and 150 high-level teams in key industries such as automotive and aerospace [4]. - In 2022, Shenyang recognized 2,877 talents, including 590 high-level talents, exceeding its annual target [5]. - The city is focusing on attracting over 170,000 college graduates in 2024, with significant recruitment events and job offerings [7]. Infrastructure and Support Systems - Shenyang has established a multi-layered talent cultivation system, including a high-skill talent training alliance involving 131 universities and enterprises [8]. - The city has developed 79 national-level innovation platforms and 1,710 total platforms to support talent development [9]. - The "Shenyang Talent" app integrates services for talent, streamlining processes and enhancing efficiency [13][14]. Financial Incentives and Benefits - The city allocates 1.5 billion yuan annually for talent support, offering substantial financial incentives for new graduates and entrepreneurs [13]. - High-level talents can receive comprehensive subsidies, including up to 4 million yuan for entrepreneurial loans [13]. Community and Living Environment - Shenyang is enhancing the living conditions for talents, providing housing and other essential services to ensure a welcoming environment [7][15]. - The city has implemented policies to support the families of high-level talents, including educational opportunities for their children [15]. International Collaboration and Innovation - Shenyang is fostering international collaboration by establishing expert workstations and inviting global talent to contribute to local innovation [12]. - The city has seen significant achievements in technology and innovation, with numerous projects and patents emerging from its talent pool [11].

Group 1 - The 9th Silk Road International Expo and China East-West Cooperation and Investment Trade Fair commenced in Xi'an, themed "Silk Road Connectivity and Open Cooperation" [1] - The event features six major exhibition halls showcasing the overall image, resource advantages, characteristic industries, and key projects of countries and regions involved in the Belt and Road Initiative [1] - The Liaoning exhibition area, themed "Intelligent Liaoning for Silk Road Win-Win," covers 176 square meters and focuses on four trillion-level industrial bases, including automotive parts, power equipment, aviation equipment, high-quality steel materials, fine chemicals, modern light industry, specialty textiles, and food manufacturing [1] Group 2 - The exhibition presents representative products from Liaoning's automotive and parts industry, including the latest BMW X3, Neusoft's global vehicle-mounted intelligent travel system, and other innovative automotive components [1] - Liaoning's traditional industries are showcased through products like drones, carbon monitoring platforms, lubricants, and petrochemical derivatives, highlighting the province's transition towards intelligent and green innovation [1] - Liaoning's local products, such as ice wine, honey, rice, and millet, are displayed alongside modern light industry products, emphasizing the province's resource advantages [2] Group 3 - The Silk Road Expo serves as a platform for Liaoning to integrate deeply into the Belt and Road development framework, promoting the export of Liaoning enterprises and products to both domestic and international markets [2] - A "Liaoning Products Enter Shaanxi" negotiation event was held to facilitate trade and investment cooperation between Liaoning and Shaanxi, enhancing the influence of Liaoning's brands [2]

智通财经APP获悉，当地时间5月10日至11日，中美双方在瑞士日内瓦举行经贸高层会谈。会谈达成一 系列重要共识，取得实质性进展。当地时间5月12日，中美发表日内瓦经贸会谈联合声明。中国商务部 新闻发言人就中美日内瓦经贸会谈联合声明发表谈话称，本次中美经贸高层会谈取得实质性进展，大幅 降低双边关税水平，美方取消了共计91%的加征关税，中方相应取消了91%的反制关税;美方暂停实施 24%的"对等关税"，中方也相应暂停实施24%的反制关税。 随着中美贸易紧张局势有所降温，投资者们预计这将促进跨境贸易、降低投入成本、并缓解关键行业的 供应链压力。中美贸易关系的最新进展已经在市场上引发了积极反应，尤其是在航运、半导体和物流等 行业。 以下是最有可能从此次中美双边关税大幅下降中受益的股票及其在周一美股盘前交易时段的表现。 航运与物流 周一美股盘前，以星航运(ZIM.US)涨超16%，Matson(MATX.US)涨近13%，联邦快递(FDX.US)涨近 6%，联合包裹(UPS.US)涨超5%，优步(UBER.US)涨近3%。这些公司直接受益于贸易量增加和跨境运输 的便利化。关税大幅下降可实现更快、更具成本效益的运输，提升 ...

【环球时报记者 李萌 环球时报驻德国特约记者 青木】中国欧盟商会8日发布一项调查结果称，多数在 华经营的欧洲企业已感受到或预计将感受到中美贸易冲突带来的"积极影响"。英国《金融时报》分析 称，原因是中国对美国加征关税的反制措施使该国进口商品在中国市场失去竞争力。虽然欧洲企业受到 中美贸易冲突带来的整体经济影响，但也可能从美国企业手中夺取市场份额。 根据《金融时报》报道和中国欧盟商会发布的报告，上述调查于4月17日至27日展开，收到162家机械、 汽车及汽车零部件、医疗器械等领域企业的回复。调查旨在了解外企在关税战背景下的感受。超过半数 企业担忧2025年的营业环境将会变得困难，不过，与2018年该商会针对第一次中美贸易战进行的调查结 果类似，许多商会成员已能缓解关税带来的直接影响，这凸显了他们的务实精神和适应能力，其中"立 足中国，服务中国"的经营理念是关键因素。 值得注意的是，有19%的受访企业表示，由于贸易冲突，它们从在华经营的中外客户那里获得了更多业 务。36%的受访者表示尚未感受到积极影响，但预计机遇会来。 "我们听到的消息是，许多欧洲公司正在与美国公司竞争，尤其是与来自美国的进口产品竞争。"中国欧 ...

宏 观 研 究 投资要点： 宏 观 定 期 报 告 受第二轮抢出口拉动，4 月出口同比 8.1%，较预期更为强劲；加之中美 拟进行对等经贸会谈，美关税烈度整体趋缓，预计二次抢出口可望贯穿二季度， 下半年出口下行风险犹存。4 月出口（美元计价，下同）同比 8.1%，较春节调 整后的 3 月同比增速回升达 2.4 个百分点，在 4 月特朗普推出"对等关税"之 后又针对部分国家地区实施 90 天缓冲、针对半导体等商品实施豁免，造成出 口企业预期巨大波动的背景下，较我们此前稍显乐观的预期（5.7%）更加强劲， 凸显出新一轮"抢出口"显著的拉动作用。近期我国同意与美方进行对等经贸 会谈，美国内需受到短期刺激效应同时关税烈度整体趋缓，预计我国的二次抢 出口有望贯穿整个二季度。4 月进口同比跌幅较 3 月收窄 4.1 个百分点至-0.2%， 进口反弹带动当月货物贸易顺差小幅收窄至 961.8 亿美元但仍维持高位。美国 发起的本轮关税战进入拉锯阶段，美方试图将我国强大的产业链生产能力从其 供给侧逐步剥离的意图尚未根本性改变，下半年我国出口下行风险犹存。 关税动荡中边际缓和，我国域外协同生产活跃度陡升；人民币汇率指数小 幅走弱 ...

Group 1 - The core viewpoint emphasizes the importance of industrial development as the foundation of economic growth, with a focus on reform and innovation to promote quality transformation in the industry by 2025 [1] - The city aims for a growth of over 7% in industrial added value and over 8% in industrial technological transformation investment for the year [1] - The "1285" work system will be implemented to strengthen the "reform to promote, seek quality through innovation" brand [1] Group 2 - The strategy includes enhancing industrial organization capabilities through a "chain leader system" and focusing on structural adjustment, ecological optimization, and integration of four chains [2] - Key industries targeted include non-ferrous metals, black metals, green chemicals, and agricultural product processing, with an emphasis on technological upgrades and digital transformation [2] - The plan aims to attract new enterprises in emerging industries such as information technology, health, and new energy [2] Group 3 - The initiative includes the establishment of a "1+N+X" digital economy ecosystem to promote smart industrial platform applications and AI integration in manufacturing [3] - The goal is to support the digital transformation of 1,000 small and medium-sized enterprises by showcasing 20 exemplary cases [3] - The focus will be on expanding digital industries, particularly in electronic materials and intelligent terminals [3] Group 4 - The green transformation strategy aims to deepen the construction of a green manufacturing system and cultivate 15 provincial-level green manufacturing units [4] - A combination of energy efficiency diagnostics and energy-saving inspections will be implemented to accelerate the green transition in traditional industries [4] - The plan includes a "per unit output benefit" evaluation reform to promote differentiated policies for industrial transformation [4] Group 5 - The city will implement a series of actions under the "Chat City Enterprise Home" initiative to enhance enterprise support and service efficiency [5] - The focus will be on immediate response to enterprise needs and efficient government services through an intelligent support platform [5] - Activities will include enterprise recruitment, policy promotion, and legal services to ensure compliance and operational efficiency [6] Group 6 - The industrial and information technology bureau will pursue high-end, intelligent, green, and cluster development directions while emphasizing reform and innovation [6] - The commitment is to promote the construction of a strong manufacturing city and contribute to the modernization of the region [6]

经济观察报记者种昂 2025年4月29日晚间，潍柴动力（000338）(000338.SZ)发布了2025年一季度"业绩单"。在这份业绩报表 中，中国最大柴油机制造商在今年一季度实现了营业收入和净利润双增长，且利润增速跑赢收入增速。 潍柴动力方面表示，在巩固传统优势业务的基础上，2025年潍柴动力已将新能源、数智化和后市场明确 为主要战略转型方向，正在全力推进培育优质战略增量。 利润增速跑赢收入增速 根据这份业绩报表，该公司报告期内实现营业收入为574.64亿元，同比增长1.92%；归母净利润为27.11 亿元，同比增幅4.27%；扣除非经常性损益的净利润为24.85亿元，同比增幅5.98%，利润增速持续跑赢 收入增速。 当下，潍柴动力所处的汽车以及零部件领域正面临一场深刻的产业变革。 一方面，在新旧能源交替的过渡期，禁售燃油车已被各国提上议事日程，新能源车产量正迅速增长；一 方面，在向AI时代演进中，传统汽车制造业面临着智能化、数字化的变革。在工业智能化与能源大交 替的叠加作用下，汽车以及零部件产业面临的或将是一场完全的颠覆。 市场回暖期正是企业战略转型的好时机。 报告期内，该公司毛利率同比提升0.6个百分 ...

裘翔｜中信证券首席A股策略师 S1010518080002 板块配置｜六大主线板块当前处在什么位置？ 一个季度过去了，市场最关注的几个主线板块都处在什么位置？后续还可以期待什 么？我们从股价、估值、基本面等维度自上而下梳理了科技、消费、医药、新能源、 红利、出海六大板块一季度运行动态，并给出了相关配置线索。 风险因素：中美科技、贸易、金融领域摩擦加剧；国内政策力度、实施效果及经济复 苏不及预期；海内外宏观流动性超预期收紧；地缘政治风险。 尹欣驰 ｜中信证券 汽车及零部件行业首席分析师 S1010519040002 商用车｜卡车电动化最后一块拼图：重卡混动发展前瞻 重卡新能源化进展如火如荼，趋势明确不可逆。但现有主流的纯电动重卡受限于续航 里程限制，主要在短途和特定场景下渗透，中长距离场景的新能源化仍待开拓。复盘 乘用车新能源化进程，混动车型于纯电车型普及后两年开始加速渗透，我们认为混动 也将成为重卡新能源化的最后一块拼图。混动重卡在政策大力支持的新能源重卡范畴 内、且在中长距离运输场景中满足高效运输需求，经济性表现远超柴油重卡、且混动 技术已较为成熟，我们认为其已具备大范围商业化基础。我们预计2024/202 ...

Group 1: Basic Chemicals - DuPont China Group is under antitrust investigation by the State Administration for Market Regulation due to alleged violations of the Anti-Monopoly Law of the People's Republic of China, which may benefit domestic substitutes in semiconductor materials and ion exchange membranes [4] Group 2: Automotive - Since Trump's administration, a total of 45% additional tariffs have been imposed on automobiles and auto parts exported from China to the U.S., impacting trade and potentially affecting chip and automotive electronic components [5] - Companies with core component self-research capabilities and those localizing production in the U.S. or Mexico are expected to perform well [5] Group 3: Pharmaceuticals - The U.S. government announced a 34% tariff on all imported goods from the U.S. starting April 10, 2025, which presents significant opportunities for the blood products industry [6] Group 4: Company Reports - Dashi Holdings, the exclusive franchisee of Domino's Pizza in mainland China, Hong Kong, and Macau, has accelerated market expansion, reaching 1,008 stores by the end of 2024 [7] - Mega Xincai reported a revenue of 2.1 billion yuan and a net profit of 210 million yuan for 2024, with significant year-on-year growth of 88% and 26% respectively [8] - Naipu Mining achieved a revenue of 1.12 billion yuan, a 19.6% increase year-on-year, and a net profit of 120 million yuan, up 45.5% [9] - Guizhou Moutai's total revenue for 2024 was 174.1 billion yuan, with a net profit of 86.2 billion yuan, reflecting a growth of 15.7% and 15.4% respectively [10]