四个月前，特朗普高调宣称要对巴西"惩罚"，加征高达50%的关税。 如今，他却悄悄撕掉了这页，甚至准备退还税款，这口气终究是没憋住。 当初的强硬为何变成了今日的"体面投降"？这场看似巴西的胜利，真的是美国输了吗？ 特朗普突然服软，一场精心算计的交易 11月20日，一份白宫行政令悄然发布，特朗普宣布取消对巴西牛肉、咖啡等核心食品的40%关税。 更令人意外的是，命令还暗示可能退还自11月13日后征收的税款，这姿态简直有点卑微。 前言 外人可能觉得是美国"低头了"，但这更像一场及时的政治止损，因为当初加税的借口已经站不住脚了。 回看四个月前，美国挥舞关税大棒，明面上的理由是"惩罚卢拉政府起诉前总统博索纳罗"。 但就在11月19日，巴西最高法院给博索纳罗案下了终审判决，直接判了27年监禁，政治前途彻底归零。 这意味着美国插手巴西内政的借口彻底破产，那根高举的关税大棒，瞬间成了没目标的拳头，打出去不仅丢人，还伤了自己。 更关键的是，美国国内的反响早已沸腾，这把火先烧了美国自己家。 想象一下，爱荷华州的食品加工厂老板，正对着不断上涨的牛肉成本发愁。 这些工厂是特朗普的铁票仓，它们的抱怨声，比任何外交辞令都更能刺痛白宫。 摩 ...

今年以来，延吉市锚定工业经济高质量发展目标，以"稳运行、育主体、优服务、强要素、抓项目、促 转型"六大专项行动为抓手，通过21项具体举措精准发力，推动工业经济承压向前。1-10月，全市规上 工业企业完成产值213.1亿元，同比增长5.9%；实现规上工业增加值155.7亿元，同比增长8%，为全力冲 刺四季度奠定坚实基础。 重点企业"稳"字当头，核心支撑作用凸显 延吉市坚持"保龙头、抓重点"工作思路，持续加大对重点企业的扶持力度。1-10月，10户重点企业产值 超185亿元，净增产值7.1亿元，对全市产值增长的贡献率达60.2%。其中，长白山印务在稳固省内市场 的同时，积极拓展省外烟草市场，产值同比增长20.4%；延吉喜来健通过系列市场促销活动，产值同比 大幅增长73.3%，成为工业经济增长的重要拉动力量。 延吉市工信局负责人表示，下一步将聚焦企业"急难愁盼"，持续做好"一企一策"精准服务，搭建产学研 协同平台，培育壮大特色产业集群，以更优服务、更强保障推动工业经济冲刺四季度，奋力开创工业高 质量发展新局面。(季芳旭) (图片来源：延吉市委宣传部/供图) 创新培育"梯次推进"，企业发展活力迸发 延吉市持续完善企业 ...

Core Insights - The overall ESG management level in the agricultural industry is moderate, with a normal distribution of ESG practice scores peaking in the 0.55-0.60 range, indicating a "middle large, two ends small" distribution characteristic [1] - Leading sectors include agricultural services and dairy, with companies like Jinlongyu (300999), COFCO Sugar (600737), China Shengmu (000048), and Jingji Zhino (000048) setting benchmarks for ESG leadership [1] - 41% of companies are in the excellent stage of ESG integration, while 38% are in the proactive stage, 17% in the development stage, and 4% in the initial stage [1] ESG Performance Analysis - Companies show uneven performance across key ESG issues, with water and marine resource management scoring highest in environmental topics, while biodiversity protection remains a common shortcoming [2] - In social issues, consumer rights protection is strong, but investment in rural revitalization is relatively insufficient and homogeneous [2] - Governance issues show strong performance in identifying and addressing sustainable risks, but stakeholder communication mechanisms and anti-competitive practices need significant improvement [2] Management Effectiveness - There is notable differentiation in management effectiveness among sample companies, with leading firms establishing standardized ESG management systems, while many small and medium enterprises struggle with goal quantification and process standardization [2] - The dairy industry exhibits stricter food safety and quality regulations compared to other sectors, aided by centralized regulation and high industry concentration [2] - Overall, companies show structural differences in risk coverage, opportunity capture, and long-term impact identification, with a weak capacity for green transformation and long-term ecological and social impact recognition [2] ESG Value Accounting - The research introduces ESG value accounting in the agricultural sector, analyzing 153 agricultural listed companies based on industry risk characteristics and business exposure [2][4] Industry Trends - The number and proportion of companies creating positive ESG impacts are on the rise across four categories: agriculture, liquor, dairy, and food processing, with respective positive impact proportions of approximately 30%, 14%, 30%, and 20% [4] - In agriculture, carbon emission intensity is decreasing, with over 80% of companies showing effective greenhouse gas management [4] - The liquor industry has a 14% positive impact rate, with decreasing environmental and resource usage intensity [4] - In the dairy sector, harmful solid waste emission intensity is declining, with about 60% of companies showing ESG opportunities [4] - The food processing industry has nearly 70% of companies generating positive social impacts, with over 40% showing ESG opportunities [4] Recommendations for Improvement - The report suggests three core recommendations: encourage leading enterprises to build ESG collaborative mechanisms, develop common industry indicators and efficient data collection tools, and enhance ESG performance orientation in fiscal subsidies and green credit policies to support small and medium enterprises [5]

Core Insights - France's industrial output increased by 0.8% month-on-month in September, significantly surpassing market expectations of 0.1% and rebounding from a revised decline of 0.9% in the previous month [1] Manufacturing Sector - The manufacturing sector was the primary driver of the industrial output recovery, with a month-on-month growth of 0.9% in September [1] - Notable growth was observed in the transportation equipment manufacturing sector, which surged by 5.5%, while the electrical, electronic, and computer equipment manufacturing sectors grew by 1.2% [1] - The food processing and coking and refining industries also saw increases of 0.4% and 1.2%, respectively [1] Other Sectors - In contrast, the mining, energy, and water supply sectors experienced stagnation in September, contributing no growth to the overall industrial output [1] - The construction sector saw a month-on-month decline of 1.3%, with housing construction activities dropping by 5.2% and specialized construction engineering decreasing by 1.0% [1] Quarterly Performance - For the third quarter of 2025 (July to September), France's industrial activity grew by 1.4% compared to the second quarter [1] - Year-on-year data indicated that industrial output in September increased by 1.1% [1]

Group 1 - Company Deli's announcement on October 27 indicates plans to acquire 100% equity of Shandong Yufenghe Food Co., Ltd. from Zhucheng Youli Garment Co., Ltd. to meet operational needs and control long-term costs [1] - The transaction price for the acquisition is approximately 32.32 million yuan (including tax), as per the asset evaluation report by Beijing Zhuoxin Dahuazheng Asset Appraisal Co., Ltd. [1] - The acquisition was approved by the company's board with a unanimous vote of 7 in favor, and it does not constitute a related party transaction or a major asset restructuring as per relevant regulations [1] Group 2 - For the first half of 2025, Deli's revenue composition shows that the food processing industry accounts for 97.53%, while the electricity and steam industry accounts for 1.87%, and the color printing and packaging industry accounts for 0.6% [2] - As of the latest report, Deli's market capitalization stands at 3.1 billion yuan [3]

Core Insights - The Jiangxi Provincial Market Supervision Administration has successfully facilitated a financing model using commercial secrets, enabling a local food technology company to secure a loan of 3.6 million yuan from the Bank of China, marking a significant step in addressing financing challenges for enterprises [1][2] Group 1: Financing Mechanism - The financing model allows companies to leverage their core commercial secrets as collateral, enhancing their creditworthiness and easing the risk management burden on financial institutions [1] - The Bank of China reduced the loan interest rate by 25 basis points and secured a preferential guarantee fee rate of 0.6%, nearly 40% lower than the market average, saving the company over 20,000 yuan in financing costs [2] Group 2: Impact on Enterprises - The financing support has alleviated the company's cash flow pressures related to raw material procurement, enabling expansion of production capacity and improvement in service quality [1] - The model promotes a cycle of research and development, protection, financing, and further research, thereby enhancing the core competitiveness of Jiangxi's industrial clusters and supporting high-quality industrial development in the province [2] Group 3: Future Directions - The Jiangxi Provincial Market Supervision Administration plans to strengthen the protection of commercial secrets and expand financial services related to these assets, aiming to create a robust support system for modern industrial development in Jiangxi [2]

Core Insights - Zhengzhou is focusing on building a modern agricultural city during the "14th Five-Year Plan" period, emphasizing food security, technological innovation, and industrial upgrades [1][2][3] Food Security - Zhengzhou has implemented multiple measures to ensure food security during challenging weather conditions, maintaining a stable grain planting area of approximately 4.46 million acres and a total output of over 2.9 billion pounds [2] - The city has constructed 1.28 million acres of high-standard farmland and improved drainage systems, enhancing flood and drought resistance [2] - The Central Plains Modern Food Industry Park has boosted the pig industry, with a year-on-year increase of over 24% in pig output in the first half of the year [2] Modern Agricultural System - Zhengzhou is expanding agriculture from traditional production to a full industrial chain, with significant growth in new industries and business models [3] - The city has launched nine provincial-level agricultural seed projects and established a high-quality seed development plan, promoting modern seed industry development [3] - The number of key leading agricultural enterprises has reached 161, with 14 at the national level, fostering a robust agricultural service system [3] Rural Development - Zhengzhou has made progress in building a brand for specialty agricultural products, with 133 green food products and 10 geographical indication products recognized [4] - The city has developed 18 new rural tourism routes and cultivated several national-level leisure agriculture key counties and beautiful rural areas [4] Beautiful and Livable Villages - Zhengzhou has invested over 1.4 billion yuan in constructing beautiful and livable villages, with 80 projects completed and 12 leisure tourism routes established [6] - The city is promoting a comprehensive rural revitalization strategy, with a focus on creating pilot areas for rural development [6] Governance and Community Engagement - The city has enhanced rural governance through community engagement and innovative management models, integrating agricultural work into a broader governance framework [7] - Efforts to improve farmers' income through skill training and support for entrepreneurship have led to stable income growth for rural residents [7]

Economic Performance - In the first half of the year, Spain's GDP grew by 2.8% year-on-year in Q1, surpassing the Eurozone average, and continued to show strength with a 0.7% quarter-on-quarter growth and 2.7% year-on-year growth in Q2, making it one of the best-performing economies in the Eurozone [1] - Spain's GDP growth rate is projected to reach 3.2% in 2024, with a per capita GDP of approximately $35,000, and is expected to maintain a growth rate between 2% and 3% in 2025 [2] Sector Contributions - The tertiary sector, particularly tourism, plays a crucial role in Spain's economy, accounting for about 70% of GDP. In the first eight months of the year, Spain welcomed over 66.8 million international tourists, a 3.9% increase year-on-year, with August alone seeing over 11.3 million visitors [2] - Spain is a major agricultural producer, known as the "basket of Europe," being the fourth largest in the EU and the largest fruit and vegetable exporter. In the first half of the year, fresh fruit and vegetable exports increased significantly, with 84% of exports going to the EU market [3] Structural Transformation - Spain is actively pursuing economic structural transformation, focusing on green and digital transitions. The government aims to increase the share of renewable energy in total energy consumption to 42% by 2030, with significant investments in wind and solar energy [4] - The "Spain Digital 2026" strategy includes a commitment of €20 billion to enhance 5G network coverage and data center construction, with over 70% of SMEs receiving subsidies for digital transformation [5] Bilateral Cooperation - Spain and China have deepened their economic and trade relations, with bilateral trade reaching $50.1 billion in 2024, a 3.2% increase year-on-year. In the first eight months of this year, trade exceeded $36.585 billion, up 10.1% year-on-year, with Spain's agricultural products gaining popularity in China [6] - Chinese enterprises are actively involved in Spain's renewable energy projects, providing technical support and financing, while Spanish automotive manufacturers collaborate with Chinese partners on electric vehicle technology [7]

Core Insights - The successful implementation of the first commercial secret pledge financing loan in Jiangxi Province marks a significant innovation in addressing financing challenges for small and medium-sized enterprises (SMEs) [1][2] Group 1: Financing Innovation - The Jiangxi Provincial Market Supervision Administration has facilitated a new financing model that leverages commercial secrets as collateral, enhancing credit levels for enterprises and easing the risk management burden on financial institutions [2] - The financing support of 3.6 million yuan from China Construction Bank to a local food technology company demonstrates the effective activation of intangible assets, providing a new pathway for SME financing in Jiangxi [1][2] Group 2: Cost Reduction - The loan's interest rate was reduced by 25 basis points based on the company's qualifications and project prospects, while the guarantee fee rate was lowered to 0.6%, nearly 40% below the market average, resulting in savings of over 20,000 yuan in financing costs for the enterprise [2] Group 3: Empowering Innovation - The commercial secret pledge financing not only provides liquidity to individual enterprises but also encourages financial resources to flow towards companies with core technologies and independent intellectual property, fostering a positive cycle of research and development [3] - The Jiangxi Provincial Market Supervision Administration plans to strengthen the protection of commercial secrets and enhance the depth and breadth of financial services related to commercial secrets, supporting the development of a modern industrial system unique to Jiangxi [3]

Core Insights - The article highlights the innovative financial solutions being implemented in Qinghai Province to support local livestock and agricultural industries, particularly focusing on the unique challenges faced by farmers and cooperatives in accessing credit [1][3]. Group 1: Financial Innovations - The establishment of tailored financial products, such as the "Rural Revitalization Cattle and Sheep Loan," has enabled cooperatives like Wangning to secure necessary funding for expansion, overcoming traditional credit barriers [3]. - The introduction of a "biological ear tag" collateral system allows for the valuation of livestock as assets, facilitating loans for farmers who previously lacked traditional collateral [4][5]. - Qinghai Henan Rural Commercial Bank has shifted its focus from traditional collateral to recognizing the ecological and social value of agricultural projects, thus broadening the scope of eligible borrowers [3][10]. Group 2: Success Stories - Wangning Cooperative, founded by Gong Baonan Jie, expanded from 10 to 1,000 yaks, with revenue increasing from tens of thousands to millions, demonstrating the potential for growth with adequate financial support [1][2]. - The "Cattle and Sheep Loan" provided to Wangning Cooperative included a full interest subsidy, significantly reducing the financial burden on the cooperative [3]. - The "Cattle and Sheep Live Collateral Loan" enabled the Zangyang Cooperative to secure funding for expanding its operations, increasing the number of quality sheep from 500 to 1,000 [5]. Group 3: Agricultural Development - The Qinghai Wan Yun Ecological Technology Company has successfully transitioned from simply growing pepper to developing a full industry chain, supported by loans from local banks [6][7]. - The establishment of credit archives for farmers, incorporating various performance metrics, has improved access to financing and increased loan limits for eligible borrowers [8]. - The integration of non-material cultural heritage into financial assessments has allowed companies like Lelema to secure funding despite lacking traditional collateral, thus promoting cultural preservation alongside economic development [9][10].