工业制造业

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多部门密集部署,传递哪些信号?(锐财经)
Ren Min Ri Bao· 2025-08-05 19:15
Macro Policy - The macro policy focus for the second half of the year is "sustained efforts and timely enhancements" [2] - The National Development and Reform Commission emphasizes solid work in development reform, focusing on major changes, important indicators, and significant issues to stabilize employment and expand domestic demand [2][3] Fiscal Policy - The Ministry of Finance aims to utilize a more proactive fiscal policy and increase counter-cyclical adjustments [3] - Plans include accelerating the issuance and use of ultra-long special bonds and local government special bonds to generate physical workload [3] - The fiscal policy will support traditional industry upgrades, emerging industry growth, and future industry layout through various financial tools [3] Monetary Policy - The People's Bank of China will continue to implement a moderately loose monetary policy, ensuring ample liquidity and guiding financial institutions to maintain reasonable credit growth [3] - The focus will be on improving the efficiency of fund usage and enhancing the execution and supervision of interest rate policies [3] Domestic Demand Expansion - Domestic demand contributed 68.8% to economic growth in the first half of the year, continuing to be a primary growth driver [4] - The National Development and Reform Commission plans to stabilize investment and promote consumption, enhancing government investment project management and stimulating private investment [4] - The Ministry of Industry and Information Technology will implement strategies to expand domestic demand and support the industrial economy [4] Consumer Policy - The Ministry of Finance will improve the policy system supporting consumption in services such as elderly care, childcare, culture, and tourism [5] - Policies will include enhancing duty-free shop regulations and promoting healthy development of duty-free retail businesses [5] Employment and Livelihood - Ensuring livelihood security is a key focus for the second half of the year [6] - The Ministry of Human Resources and Social Security will implement job expansion plans in key sectors and promote employment growth in digital, green, and nighttime economies [7] - The Ministry of Agriculture and Rural Affairs will focus on grain production and poverty alleviation, aiming for a grain output target of approximately 1.4 trillion jin [7]
“解放日”变“冻结日”!关税致全球并购交易量创20年来新低
智通财经网· 2025-05-07 07:14
Group 1 - The announcement of tariffs by President Trump on April 2 has led to a significant decline in merger and acquisition (M&A) activities, with April's global M&A contracts dropping to the lowest level in over 20 years, totaling 2,330 deals, which is 34% lower than the historical monthly average [1] - The total value of global M&A activities fell to $233 billion in April, a 54% decrease from March and 20% lower than the average for the past 20 years [4] - In the U.S., only 555 deals were completed in April, marking the lowest level since May 2009 [1][4] Group 2 - Uncertainty surrounding U.S. trade policies has led investment bankers to advise clients to hold off on M&A and IPOs until there is more clarity [4] - Despite the overall decline, significant transactions like Global Payments' $24.25 billion acquisition of a credit card processing company provided some support to the struggling market [4] - The technology sector accounted for nearly 40% of the $600 billion in deals signed in the U.S. this year, with a focus on intellectual property rather than physical goods affected by tariffs [7] Group 3 - Different industries are experiencing varying impacts from the tariffs, with sectors like telecommunications, media, and utilities being less affected, while industrials and healthcare face greater challenges [7] - Investment banks are advising clients to thoroughly understand the additional risks associated with target companies' business models due to the current volatility in the market [7]