报告均表示，美国关税政策持续对德国出口造成冲击，明显加重德国经济下行压力。尽管欧盟与美国就 关税争端达成新协议，但因协议内容含糊、税率大体不变，对德国经济的不利影响难以缓解。 新华财经柏林9月4日电（记者车云龙张毅荣）多家德国主要经济研究机构4日分别发布的秋季预测报告 显示，受美国关税政策等因素影响，2025年德国经济仅将增长0.1%至0.2%，低于夏季预测值。 德国经济在2023年和2024年连续两年萎缩后，今年第一季度环比增长0.3%。但随着4月美国对进口汽车 等商品加征关税的措施生效，二季度德国出口环比下降0.1%，国内生产总值环比下降0.3%。 年中德国政府宣布的设立大规模基础设施基金等财政措施未能带来预期刺激，是此次预期下调的原因之 一。报告普遍认为，德国经济仍然低迷，主要表现为制造业和服务业需求不足、建筑业持续疲软，以及 个人消费复苏缓慢。 （文章来源：新华社） 哈雷经济研究所副所长奥利弗·霍尔特莫勒表示，美国关税虽已被纳入预测模型，但由于相关政策仍存 高度不确定性，未来可能对德国经济构成进一步威胁。如果出口延续第二季度下降趋势，未来几个季度 德国经济复苏前景不容乐观。 报告同时认为，若联邦政府大 ...

Group 1 - The central government has released positive signals to support the capital market and boost investor confidence, emphasizing the importance of maintaining a stable economic environment and healthy capital development [1][2] - The recent meetings highlighted the need for macro policy adjustments to stabilize the economy and achieve annual development goals, while also promoting the steady progress of stock issuance registration system reforms [2][3] - The A-share market has shown signs of recovery, with the Shanghai Composite Index returning to 3000 points before the May Day holiday and continuing to rise to 3067.76 points on the first trading day after the holiday, reflecting improved market confidence [2][3] Group 2 - China's economy demonstrated resilience with a GDP growth of 4.8% year-on-year in the first quarter, exceeding market expectations and indicating a solid foundation for stability and growth [3] - Listed companies have shown steady performance, with a total revenue of 64.97 trillion yuan and a net profit of 5.30 trillion yuan, marking a year-on-year growth of 19.56%, which reinforces their role as a driving force for the economy [3] - The A-share market currently presents valuation advantages, with a dynamic price-to-earnings ratio of 15.7, indicating that investment value is becoming more prominent [3]

Core Viewpoint - The "3+1" documents outline a comprehensive plan for the integration and development of the Zhuhai, Zhongshan, Jiangmen, and Yangjiang cities, aiming to establish the Pearl River Estuary West Coast Urban Circle as a significant growth area within the Guangdong-Hong Kong-Macao Greater Bay Area [1][2] Group 1 - The plan emphasizes the construction of a development framework centered around Zhuhai, with Zhongshan, Jiangmen, and Yangjiang as growth poles, promoting infrastructure connectivity and collaborative industrial systems [1] - A total of 190 major cross-regional projects have been planned, establishing a coordination mechanism among the four cities to ensure effective implementation of the plans [1] Group 2 - Key tasks outlined in the "3+1" documents include enhancing regional cooperation, building a modern comprehensive transportation system, and promoting integrated infrastructure [2] - The Zhuhai Development and Reform Bureau will strengthen communication with the development reform departments of Zhongshan, Jiangmen, and Yangjiang to ensure orderly progress in task implementation and project execution [2]