Abstract 摘要 2025年宏观经济回顾：增长展现韧性，利率保持稳定 2026年宏观经济展望：多元增长的新蓝图 展望未来，马来西亚将在2026年启动第13个马来西亚计划，即2026年至2030年的国家五年发展蓝图，我们预计其经济仍将保持韧性。该计划设定了4.5% 至5.5%的国内生产总值（GDP）年均增长目标。多个高潜力板块的战略性进展有望推动马来西亚实现这一增长目标。关键驱动力或包括人工智能（AI） 及高增长高价值行业（HGHV），如半导体和电子行业的持续扩张，以及旅游、科技和清真等行业的发展。这些产业将为马来西亚持续和多元化的增长奠 定基础。 资本市场：林吉特走强或推动股市迎来转折 根据彭博一致预测，2025年马来西亚经济增速预计为4.7%，受强劲的劳动力市场（失业率降至十年新低）和持续的居民消费支出支撑。得益于全球人工 智能相关投资增长带动的电子产品需求，出口亦为马来西亚的经济增长提供重要动力。尽管此前针对马来西亚关键半导体和电子产品出口的"对等关税"等 地缘因素带来外部压力，这一积极势头仍得以延续。考虑到宏观经济的增长韧性加强，以及2025年7月销售与服务税（SST）改革措施实施后的通胀率上 涨 ...

点击上图▲立即收听 " 法国巴黎银行等机构预测， 2026 年，现货白银价格可能达到 100 美元 / 盎司。那么，未来涨幅空间还有 50% 。 " 作为对比，现货黄金价格从年初2600美元/盎司一路走高至10月下旬的4381美元/盎司，年内最高涨幅达68%。但年尾开始调整，以12月17日计 算，尚未完全收回失地。 白银一直被视作是黄金的"跟随者"，但从今年的走势看，跟随者大有领先之势。 文 /巴九灵（微信公众号：吴晓波频道） 黄金乏力，白银来凑。 12月17日，现货白银价格上升至66美元/盎司。 现货白银价格从年初28美元/盎司，一路攀高，如今涨幅为130%左右。 从市场上的"声援"来看，白银也比黄金更受青睐一些。 今年11月，经济学家洪灏直言："黄金是一个巨大的价格动能泡沫，必然破裂。黄金投 资机会暂告一段落。" 基金投资人李蓓则以俄罗斯央行出售黄金为信号——《莫斯科时报》报道称，从2022年到今年11月1日，俄罗斯黄金储备从405.7吨减至173.1吨 ——前者因此决定清空黄金。 而白银被视为更好的投资选择。 多位投资圈人士告诉小巴，黄金与白银同样受到美元等主要货币持续降息、国际局势动荡等因素影响，同属 ...

会上，埃及部长哈桑重点指出，联委会作为双方监测和解决关税、非关税壁垒和市场准入相关问题的核 心机制，对于深化经贸合作发挥重要作用。近年来，埃摩双边贸易增长显著，2024年贸易额达11亿美 元，2025年1-10月贸易额约为8.97亿美元。他强调，两国企业对在多个领域开展合作表现显著兴趣，包 括农渔业、汽车及其零部件制造、电子电气、制药、船舶制造和维修、化工、纺织、工程和技术服务 等。 据《摩洛哥外交报》12月14日报道，近日，第五届摩洛哥-埃及贸易联合委员会(以下简称联委会)会议在 摩洛哥召开，摩洛哥负责外贸的国务秘书奥马尔.海吉拉和埃及投资与外贸部长哈桑.哈提卜共同主持， 双方就两国领导人确定的经济优先事项及落实举措交换意见。 ...

在马来西亚槟城，多彩的店屋整齐排列街道两旁，游客从骑楼中穿过，从城市景观上能看到不少广东的 影子。这种渊源，源于百年前中国东南沿海广府人、闽南人的"下南洋"潮。深厚的历史渊源，加上广东 与槟城产业结构高度互补，广东和槟城的双向投资合作日益紧密。 今年10月，在2025中国（广东）—马来西亚（槟城）投资推介上，广东和槟城共8个单位签署了多项备 忘录与合作协议，进一步促进两地在商贸与投资领域的交流与合作关系。 11月18日，马来西亚槟城招商局（InvestPenang）首席执行官吕丽莲在槟城接受21世纪经济报道记者专 访时谈及槟城和广东日益密切的经贸合作。她表示，双方合作变得日益频繁源于几个有利因素：一是， 广州与槟城的直飞航线提供了便利、马来西亚对中国公民的3个月免签政策；二是，广东和槟城在文 化、饮食、气候等方面的相似性，让中国企业倍感亲切；三是，槟城的工作人员大多会说普通话和粤 语，进一步降低了双方的沟通成本。 槟城虽然是马来西亚第二小的州属，但经济发展在位居前列，特别是其出口贸易额和外商投资额经常拔 得头筹。与此同时，槟城还因为在全球泛半导体产业链占据重要地位而被誉为"东方硅谷"。当前，在共 建"一带一路 ...

【文/观察者网 熊超然】随着美国圣诞季的临近，圣诞礼物的抢购热潮正给远在数千公里之外的东南亚制造商带 来巨大压力。美国关税引发的供应链冲击，影响了从手套、耳机到玩具等各种商品的出口。 香港《南华早报》12月15日报道指出，美国关税波及的是整个东南亚地区的低成本出口国，这使得马来西亚、越 南、老挝、印度尼西亚等国更深地卷入了中美之间日益加剧的结构性竞争之中。由此产生的供应链紧缩，不仅推 动了美国节庆零售价格的上涨，也预示着东南亚在全球经济中的地位正发生更深刻的重组。 专家警告称，美国的关税和贸易施压使制造商陷入两难境地：一方面，他们需要依赖与中国相关的供应链；另一 方面，他们又需要确保向美国出口的商品不被视为"中国商品的转口"。 "各国面临着持续的压力，要在技术标准上选边站队，排除不信任的供应商，或加入友岸供应链合作团体。"马来 西亚思特雅大学金融学副教授廖志勇（Liew Chee Yoong）表示。 报道称，美国的新关税制度正式确立了分析人士所谓的"中国+1惩罚机制"——依赖中国零部件的出口商现在除了 基本关税外，还需缴纳40%的转运附加费。然而，完全脱钩几乎是不可能的，中国仍然为马来西亚和越南的出口 行业提 ...

Group 1 - The core observation is that German companies are actively seeking collaboration in innovative sectors in China, such as automotive, electrical architecture, battery technology, and artificial intelligence, to leverage China's rapid innovation capabilities [1] - According to the "Business Confidence Survey Report 2025/2026," 60% of surveyed German companies believe that their Chinese counterparts will become or have already become innovation leaders in their industries within the next five years, marking a historical high [1] - The percentage of respondents who believe that Chinese companies are already innovation leaders has increased from 0% in 2019 to 9% in 2025 [1] Group 2 - The survey indicates a sustained optimism among German companies regarding China's economic prospects, with 65% expressing a positive outlook for the next five years, maintaining the high level seen in 2024 [2] - A significant 93% of surveyed companies have no plans to exit the Chinese market, and over half plan to increase their investments in China over the next two years [2] - 56% of respondents are considering deeper collaborations with Chinese partners to leverage knowledge sharing and brand advantages for business growth in China [2] Group 3 - The survey was conducted between September 1 and October 11, 2025, with 627 member companies of the China-Germany Chamber of Commerce participating, providing a highly representative sample [3] - This annual survey, initiated in 2007, serves as a key tool for measuring the confidence of German companies in the Chinese market and provides essential data for the Chamber's policy advocacy efforts [3]

Group 1 - Liu Wei resigned from the position of securities affairs representative at Ruima Precision due to personal reasons, and her responsibilities have been successfully handed over, ensuring no disruption to the company's operations [1][1][1] - For the first half of 2025, Ruima Precision's revenue composition is as follows: automotive industry accounts for 79.85%, mobile communications for 12.72%, electronics and electrical for 4.96%, and others for 2.47% [1][1][1] - As of the report date, Ruima Precision has a market capitalization of 3.4 billion yuan [1][1][1] Group 2 - The global chip industry is experiencing significant upheaval, with Google's TPU chip emerging as a major player, potentially impacting Nvidia, which has seen a market value loss of 400 billion yuan [1][1][1] - The competitive landscape is shifting, raising concerns about Nvidia's market position and its previously established competitive advantages [1][1][1]

据韩国《Money Today》11月5日报道，韩国公正交易委员会于4日发布《杜绝中小企业技术掠夺对 策》，引入"中小企业技术保护监督官制度"，以防止大企业窃取中小企业技术。此次将新设的技术保护 监督官由机械、电子电气、汽车、软件等行业的12名专家组成，将履行在现场收集证据和直接举报的职 责。考虑到中小企业担心打击报复，还将设立"技术掠夺匿名举报中心"。此外，为减小中小企业举证负 担，将由专家进行受害企业的现场调查取证，推进"韩国型证据制度"。 （原标题：韩政府启用监管新制度保护中小企业技术安全） ...

Group 1 - The visit of Thai King Vajiralongkorn to China marks a historic milestone in Sino-Thai relations, emphasizing Thailand's commitment to strengthening ties with China [1][2][3] - The visit is seen as a strategic move to enhance economic cooperation, particularly in the context of Thailand's economic challenges and the need for diversification in trade partnerships [2][5] - The focus on cultural and technological exchanges during the visit highlights the multidimensional nature of Sino-Thai cooperation, aiming to deepen mutual understanding and collaboration in emerging industries [4][5] Group 2 - Thailand's economic transformation is increasingly oriented towards China, with significant growth in Chinese direct investment in Thailand, particularly in the electronics and electric vehicle sectors [5][6] - The bilateral trade volume between China and Thailand has seen exponential growth, with projections for 2024 indicating a trade value of approximately 133.98 billion USD, reflecting a more than 5000-fold increase since the establishment of diplomatic relations [5][6] - The ongoing infrastructure projects, such as the China-Laos railway and future high-speed rail connections, are expected to enhance regional connectivity and facilitate trade and tourism between the two nations [6][7] Group 3 - The visit is anticipated to open new opportunities in various sectors, including infrastructure, digital economy, and green energy, aligning with Thailand's goals for sustainable development [7][8] - The cultural ties between the two nations are reinforced by historical connections, with many Thai citizens having Chinese ancestry, which strengthens the "Sino-Thai family" sentiment [4][8] - The evolving geopolitical landscape, particularly the impact of U.S. tariffs, is influencing Thailand's strategic pivot towards China, highlighting the importance of this relationship for regional stability [8]

Group 1 - The 2025 autumn recruitment events are being held nationwide, with local governments, schools, and enterprises collaborating to provide one-stop employment services for job seekers [1] - In Jin City, the recruitment fair features ten specialized zones, allowing recent graduates to interact directly with recruiters and receive one-on-one career guidance [2] - The Jin City Talent Service Center has selected 427 employment service specialists to assist nearly 5,000 graduates with personalized employment support, including policy consultation and job recommendations [4] Group 2 - The Jin City recruitment fair has gathered over 200 employers from key industries such as equipment manufacturing and modern services, offering more than 3,000 job positions to meet diverse job seeker needs [6] - An employment internship area has been established, featuring nearly 200 internship positions from 46 local enterprises, facilitating the transition from campus to workplace for recent graduates [6] Group 3 - In Chongqing's Yongchuan District, a job fair for 2026 graduates attracted 328 companies offering over 2,500 job positions, with participation from local and external enterprises [7] - The Yongchuan job fair emphasizes collaboration between educational institutions and industries to align student skills with job market demands, enhancing the employability of graduates [9] - The event includes five service areas, providing comprehensive support such as social security policy consultation and resume optimization [9] Group 4 - The 2025 autumn Northeast Five Schools job fair in Harbin features 681 companies offering over 44,000 job positions, including opportunities from state-owned enterprises and Fortune 500 companies [10] - The fair is organized into nine specialized zones, focusing on areas like revitalization of Northeast China and intelligent construction, creating an "employment supermarket" for precise job matching [10]