India embraces free(er) trade 纳伦德拉·莫迪政府推动传统封闭经济的历史性开放 © FT 合成图；法新社/盖蒂图片社/祖玛 上周，印度总理纳伦德拉·莫迪宣布与美国达成新的贸易协定，而就在一周前，印度刚刚与欧盟达 成了一项全面的贸易协定。印度议员们拍着桌子，高喊着莫迪的名字。 "这些协议将使印度的制成品关税税率达到两三年前根本无法想象的水平，"莫迪的前首席经济顾 问、现任彼得森国际经济研究所研究员的阿文德·苏布拉马尼亚说。 随着美印协议的细节在周末曝光，反对派指责莫迪在农产品关税和停止购买俄罗斯石油的承诺上 向特朗普"屈服"，但商务部长皮尤什·戈亚尔表示，该协议将"为印度出口商打开一个价值 30 万 亿美元的市场"。 美国总统唐纳德·特朗普本月宣布，美国将大幅削减对印度商品的关税。 © Jim Watson/AFP/Getty Images 美国达成的这项协议反映了莫迪政府在国内和国际上面临的双重现实。印度如今发现自己夹在动 荡不安的国家之间，同时又需要大力发展劳动密集型制造业，以创造更多像其他亚洲国家那样以 出口为导向的增长。 分析人士称，莫迪自 2014 年上任以来一直积极推行贸 ...

Group 1 - The core viewpoint emphasizes the importance of the Xinjiang Production and Construction Corps (XPCC) as a strategic force in achieving the central government's goals for Xinjiang, focusing on stability, unity among ethnic groups, and development of advanced production and culture [1][3][5] Group 2 - The XPCC is recognized for its historical contributions to national border security and social stability in Xinjiang, with a legacy of overcoming significant challenges since its establishment [2][3] - The organization aims to enhance armed forces and professional stability forces, improve border management, and promote economic development in border areas to maintain social harmony [3][5] Group 3 - The XPCC promotes ethnic unity by actively engaging with local communities, providing agricultural training, and supporting local development projects, thereby fostering a sense of community among various ethnic groups [4][5] Group 4 - The XPCC is committed to advancing modern agriculture and industrialization, focusing on the integration of advanced technologies and sustainable practices to enhance productivity and cultural development [6][8] - The organization plans to deepen reforms and explore high-quality development paths that reflect its unique characteristics, aiming to establish itself as a model for modern agricultural and industrial practices [8]

【概要】本周，国内棉市在宏观政策支撑下表现出较强韧性，价格保持窄幅震荡；国际市场受贵金属市 场动荡、美元走强等偏空因素影响，棉价连续走弱，内外棉价差继续增大，创近十年新高。 一、价格回顾 （来源：锦桥纺织网） 来源：锦桥纺织网 二、市场形势展望 宏观市场方面，美国政策走向的模糊性持续扰动市场，美印达成新的关税协定影响未来贸易格局走向。 特朗普提名"鹰派"人士凯文·沃什为下任美联储主席，虽一度引发市场对政策收紧的担忧，但鉴于沃什 近期展现出对降息的支持态度，且提名尚待参议院最终批准，市场预期已从单向押注转向复杂的博弈局 面。与此同时，尽管参议院两党已就政府拨款法案达成协议，但由于众议院复会时间及两党在移民政策 上的深刻分歧，联邦政府"停摆"的风险警报仍未完全解除。国际贸易关系方面，美国宣布与印度达成贸 易协议，计划将对印度商品关税从50%大幅降至18%，印度也将逐步取消对美国相关壁垒。若协议最终 实施，不仅将直接有利于美棉对印度的出口，且可能在未来与印度-欧盟自贸协定形成合力，在中长期 系统性增强印度纺织业竞争力，加快全球供应链格局重塑。国内政策环境保持稳健积极，为产业与内需 市场提供清晰支撑。2026年中央一 ...

平安观点： 观 报 告 宏 观 周 报 宏 2026 年 2 月 8 日 中国宏观周报（2026 年 2 月第 1 周） 二手房挂牌价恢复 证券分析师 证 券 研 究 报 告 张璐 投资咨询资格编号 S1060522100001 ZHANGLU150@pingan.com.cn 常艺馨 投资咨询资格编号 S1060522080003 CHANGYIXIN050@pingan.com.cn 从高频数据观察，本周春节临近，工业生产环比大多季节性走弱，工业品 价格指数环比回落。不过，年初以来二手房挂牌价逐步止跌，外贸港口吞 吐量及韩国、越南 1 月出口数据表现亮眼，体现外需支撑增强。 1. 工业：本周生产环比季节性走弱。1）原材料方面，本周日均铁水产量提 升，部分化工品开工率环比提升；水泥熟料产能利用率、浮法玻璃开工率、 石油沥青开工率、钢铁建材表观需求环比回落。2）中下游方面，本周纺织 聚酯开工率、织造业开工率季节性走弱；汽车半钢胎开工率、全钢胎开工 率环比回落。 2. 地产：二手房挂牌价抬升。1）销售方面，本周（截至 2 月 6 日）30 大中 城市新房销售面积同比快速增长，去年同期基数受春节假期拖累；年初以 ...

证券研究报告 | 2026年02月07日 宏观经济周报 开局遇冷，二月迎暖 2026 年作为"十五五"规划的开局之年，其首季经济表现备受瞩目。从 1 月 数据看，经济呈现显著的结构性分化特征。一方面，战略性新兴产业采购经 理指数（EPMI）环比升幅与 2024 年同期基本持平（考虑到春节时点相近）， 开局势头总体稳健，其中采购量、进口及就业等分项表现较好。另一方面， 制造业 PMI 环比回落，走势明显弱于 2024 年同期，尤其在生产、新订单等 关键需求指标上表现偏弱。这一"新兴产业强于整体制造业"的格局，延续 并强化了经济结构优化的长期趋势。1 月价格端也呈现积极信号，出厂价格 与原材料购进价格表现强劲，显示"反内卷"政策在促进工业品价格企稳回 升方面成效进一步显现。整体来看，1 月经济在结构上延续优化，但总量层 面未能延续去年 12 月的扩张势头，复苏进程出现阶段性波折。 积极信号在 2 月首周开始显现，各领域经济活动出现广泛改善，内需与外贸 短期动能均表现强劲。首先，生产端景气度明显回升，基建、机电及纺织等 领域生产活动普遍走强。其次，消费端受节前备货、出行增加拉动，市内客 流与物流投递量同比显著增长， ...

Core Insights - The Ministry of Industry and Information Technology of China announced the 2025 list of consumer brands, with 276 brands selected nationwide, including 12 from a specific province, covering various industries such as food, light industry, pharmaceuticals, and textiles [1] Group 1: Selected Brands - Seven brands were recognized in the "Enterprise Brand - Era Quality Products" category: He Feng, Tao Li, Kong Que, Dong Ruan Medical, Chuang Shi, Hai Da Chef, and Xiao Qin [1] - Three brands were recognized in the "Regional Brand" category: Xiao Bei He Socks, Huan Ren Mountain Ginseng, and Chang Hai Sea Cucumber [1] - Two brands were acknowledged for specific demographic products: Han De for elderly products and Huang E Niang for maternal and child products [1] Group 2: Industry Development Strategy - The provincial government is implementing a gradient cultivation approach to systematically build a lineup of renowned consumer brands, creating a multi-level and tiered development structure [2] - The strategy includes building a brand system focused on key industries, widely collecting and screening quality products, and implementing targeted support [2] - There is an emphasis on cultural empowerment, exploring historical classics, contemporary quality products, and trendy new brands to enhance brand connotation and recognition [2] - The initiative promotes "smart transformation and digital upgrading," accelerating the integration of digital technology and showcasing typical cases to drive industry transformation [2] - The government aims to cultivate characteristic consumer goods industries, promote industrial clustering, and enhance regional brand development to improve overall industry competitiveness [2] - Efforts will be made to strengthen promotional activities through roadshows, exhibitions, and other forms to tell the story of provincial brands and expand their influence and market recognition [2]

| 序号 | 标准名称 | 标准编号 | | --- | --- | --- | | 1 | 温室气体产品碳足迹量化方法与要求 轮胎 | T/CPCIF 0391-2024 | | 2 | 温室气体 产品碳足迹量化方法与要求 合成氢 | T/CPCIF 0468-2025 | | 3 | 温室气体产品碳定迹量化方法与要求 氢 | T/CPCIF 0466-2025 | | 4 | 温室气体 产品碳足迹量化方法与要求 甲醇 | T/CPCIF 0467-2025 | | ર | 温室气体产品恢定沙量化方法与要求 己二酸己二胺盐 | T/CSPCI 70021-2025 | | 6 | 温室气体 产品碳足迹量化方法与要求 金属线材制品 | T/CISA 583-2025 | | 7 | 温室气体 产品碳足迹量化方法与要求 机制品 | T/CISA 582-2025 | | 8 | 温室气体 产品碳足迹量化方法与要求 原生镁锭 | T/CNIA 0295-2025 | | 9 | 温室气体 产品碳足迹量化方法与要求 硅多晶 | T/CNIA 0291-2024 | | 10 | 温室气体 产品碳足迹量化方法与要求 ...

Core Insights - The textile industry is recognized as a traditional high-energy-consuming sector, and its green transformation is essential for high-quality development [2] Group 1: Company Overview - Hai'an Qihong Textile Technology, established in 2005, is a private textile technology enterprise located in Hai'an Economic Development Zone, Nantong, Jiangsu Province [1] - The company specializes in the research and production of knitted and warp-knitted plush fabrics, with a comprehensive industrial system covering weaving, dyeing, printing, and finishing [1] - Its products are widely used in soft sofas, clothing, and home textiles, providing fabrics, services, and end solutions to global customers [1] - The company has developed high-tech products such as the patented plush fabric and high-density ultra-soft fabrics, which are well-known in the market [1] Group 2: Energy Solutions and Sustainability - The newly operational energy storage station, designed to address the long production processes and stable electricity load of the textile industry, employs a "valley electricity storage and peak electricity release" operational model [1] - This energy storage solution has significantly reduced the company's peak-to-valley electricity cost difference and has saved considerable electricity expenses, while also reducing carbon dioxide emissions by approximately 180 tons [1][3] - The project enhances the company's ability to respond to grid fluctuations, ensuring the continuous and stable operation of key production processes such as dyeing and weaving [1] - The energy storage station is a significant practice for China Gas in the textile industry's energy storage sector, providing economic, efficient, and reliable energy services tailored to the industry's needs [2][3]

Report Summary - **Report Title**: Zheng Cotton Turns to Narrow - Range Fluctuation, Funds Flow Out Before the Festival - Guoxin Futures Cotton Weekly Report - **Report Date**: February 6, 2026 1. Report Industry Investment Rating No relevant information provided. 2. Report's Core View - Domestically, Zheng Cotton showed significantly reduced volatility and narrow - range fluctuations this week. With new cotton processing nearing completion, supply pressure is high. However, yarn prices remained stable or increased while cotton prices fell, and the downstream industry faced limited pressure. Zheng Cotton is expected to maintain short - term fluctuations with a limited range, and it's advisable to exit the market before the Spring Festival [56]. - Internationally, U.S. cotton export data is strong, with stable old - crop exports and record - high new - crop exports. Consumption has overall resilience. But macro factors may have some suppression, such as a weak global economy and a strong U.S. dollar. U.S. cotton is in a weak - range fluctuation, but there is strong support around 60 cents per pound, and low prices may trigger purchases [56]. 3. Summary by Directory 3.1 Cotton Market Analysis - **Futures Prices**: Zheng Cotton had a slight weekly decline of 0.61%, and ICE cotton had a weekly decline of 2.09% [12]. - **Spot Prices**: The cotton price index declined this week. The 3128 index dropped 171 yuan/ton compared to last week, and the 2129 index dropped 158 yuan/ton [17]. - **Import Situation**: In December, 180,000 tons of cotton were imported, a year - on - year increase of 40,000 tons [22]. - **Inventory Situation**: - In the first half of January, the commercial cotton inventory was 5.8623 million tons, and the market entered an accelerated inventory - building phase [27]. - In December, the yarn inventory was 25.12 days, a year - on - year decrease of 3.67 days, and the grey fabric inventory was 33.76 days, a year - on - year increase of 1.33 days [32]. - **Yarn Prices**: This week, yarn prices rose. The price of OEC10S remained flat, the price of C32S increased by 25 yuan/ton compared to last week, and the price of JC40S remained flat [37]. - **Zhengshang Institute Warehouse Receipts and Effective Forecasts**: This week, the total number of Zheng Cotton warehouse receipts and forecasts increased by 410. There were 10,500 warehouse receipts and 1,283 effective forecasts, totaling 11,783 [42]. - **U.S. Cotton Export Situation**: As of January 29, the net sales of U.S. upland cotton exports in the current year increased by 248,300 bales, and the net sales in the next year were 114,900 bales [50]. - **U.S. Weather Situation**: The total area in drought (D1 - D4) in the U.S. was 37.4%, with different drought - level percentages in each category [53]. 3.2后市展望 (Market Outlook) - **Domestic Market**: Zheng Cotton will maintain short - term fluctuations, and it's advisable to exit the market before the Spring Festival due to high supply pressure but limited downstream pressure [56]. - **International Market**: U.S. cotton will maintain a weak - range fluctuation, but there is strong support around 60 cents per pound, and low prices may trigger purchases despite macro suppression [56].

岁月为卷，改革作笔。2025年，毕节市锚定高质量发展航向，将改革基因融入发展血脉，以敢闯敢试的 锐气、善作善成的智慧，为中国式现代化毕节实践注入澎湃动能。 转自：贵州日报 贵申改 坚持"强带动"，改革推进更有力 始终坚持以习近平新时代中国特色社会主义思想为指导，坚决扛牢改革政治责任，深入贯彻中央和省委 部署，市委主要领导靠前指挥，示范领衔"建立完善支持保障机制解决外出务工人员后顾之忧"省级试 点，获国家部委批复为"全国农村改革试验区拓展试验任务"，统筹推进"一市一示范"任务，带动8个"一 县一试点"点上出彩、面上开花。全年市县两级召开深改委会议38次，研究重要改革事项76项；市领导 领衔推动重点改革任务14项、重大专题任务10项，"领导带头、上下联动"的改革引领力更足。 始终坚持建机制破梗阻、强联动提质效、抓复盘促深化，建立健全统筹调度归口管理、"一对一"联动指 导、成效"回头看"检视、经验交流推广等保障机制，以制度运转推动改革落地生根，促进社会经济文化 全面跃升发展。制造业投资增速居全省前列，纺织产业集群快速发展，"自然凉·毕燃嗨"文旅IP出圈， 人才"骨干培育工程"获评全国最佳案例，全省首部市州级营商环境 ...