17岁参军，亲历了辽沈战役、平津战役、抗美援朝战争。他是开国大典上驾驶坦克驶过天安门的车长；是黑山阻击战里迎着弹雨 排雷的战士；是鸭绿江边抱着炸药包爬向敌堡的勇士。 高殿生，是老一辈革命者的生动缩影，从战火纷飞的峥嵘年代，到国泰民安的和平岁月，"信念坚定、不怕牺牲、谦逊务实、坚守 初心"的精神，始终刻在他的骨子里。他的一生，是"忠诚"的写照：对国家忠诚，对战友忠诚，"保家卫国、为人民服务"的初心， 从未随时光的流逝而动摇。 坦克里的 "脚语密码" 1949年10月1日的开国大典，是高殿生记忆中永不褪色的光——那天，他身着戎装站在坦克上，作为受阅部队的一员，亲眼见证了 新中国在天安门城楼前宣告诞生。 为了能在阅兵式上展现坦克兵的最佳风貌，高殿生与战友们投入到紧张的训练当中。当年，我军的坦克全是缴获装备，型号不 同、重量不一，就连油门松紧、启动速度都各不相同。要保持整齐划一极为困难。坦克舱内无线电信号嘈杂，指挥效果极差。高 殿生和战友摸索出一套类似摩斯密码的"脚踩肩膀"指挥方式：脚尖点两下是向右，脚跟点一下是后退，两脚齐点是前进……这藏 在铁甲中的"脚语"，成为方阵整齐的秘密。 阅兵当天，高殿生穿上军装，整装待发 ...

新华社贝尔格莱德9月27日电（记者张璇）第十二届塞尔维亚国际防务展"伙伴2025"23日至26日在首都 贝尔格莱德会展中心举办。 塞尔维亚军事技术研究所工程师普罗迪奇对新华社记者介绍说，作为参展方之一，他们展示了无人战 车、坦克、侦察无人机等武器装备，以及与其他国家合作的防务成果。 据塞尔维亚国防部消息，此次防务展共有超过30个国家和地区的200多家参展商亮相，其中包括来自法 国的赛峰集团、泰雷兹公司，来自捷克的沃多科迪飞机公司和切斯卡-兹布罗约夫卡公司等，展示各类 武器装备、信息系统、电子设备等。 据悉，该防务展每两年举办一次。 47岁的参观者布鲁顿是资深"军迷"。"我最关心的是塞尔维亚国产武器。"布鲁顿说，这次防务展体现了 塞尔维亚军事工业的发展亮点和最新成果。 ...

Group 1 - The Russian government plans to increase the value-added tax (VAT) from 20% to 22% in the 2026 budget to fund the war efforts, which will significantly impact consumer prices as VAT is a core component of the tax system covering nearly all goods and services [3] - The government aims to balance the need for increased military spending with social obligations, promising to fulfill all social policy commitments while prioritizing defense and security [3] - Military and security expenditures now account for 40% of total state spending, a significant increase of nearly 25 percentage points compared to pre-conflict levels, indicating a substantial financial commitment to the war [3] Group 2 - The Russian economy experienced a temporary boost due to war-related activities, with the military-industrial complex benefiting from increased government orders, although this has led to rising economic pressures on ordinary citizens [4] - The Russian Prime Minister forecasts a GDP growth of 1.3% in 2026, with an overall growth of approximately 7% over the next three years, while inflation rates are expected to decrease to 4% by the end of 2026 [8] - Despite the government's assurance that VAT on essential goods like food, medicine, and children's products will remain at 10%, prices for these necessities continue to rise due to supply chain disruptions and currency depreciation [8]

Core Viewpoint - The article discusses the participation of Wei Jianjun, the chairman of Great Wall Motors, in the 2025 Dunhuang Off-Road Endurance Race, highlighting his passion for cars and the significance of this event for the development of China's automotive culture and motorsport industry [2][10][114]. Group 1: Event Overview - The 2025 Dunhuang Off-Road Endurance Race covers a challenging course of approximately 1100-1200 kilometers through various terrains, including riverbeds, canyons, and deserts [1][2]. - The event poses significant challenges for both vehicles and drivers, making it a rigorous test of endurance [2][4]. Group 2: Wei Jianjun's Motivation - Wei Jianjun's participation in the race is seen as a genuine commitment rather than a mere marketing stunt, as he has a long-standing passion for cars dating back 35 years [10][11]. - His early experiences with cars and racing shaped his ambition to create a globally recognized automotive brand, which led him to take over Great Wall Motors during a challenging period [15][16]. Group 3: Great Wall Motors' Racing History - Great Wall Motors has a history of participating in significant racing events, including the Dakar Rally, where it made its debut as a Chinese brand [21][26]. - The company has consistently aimed to prove its vehicles' capabilities in extreme conditions, which is reflected in its participation in various endurance races [67][68]. Group 4: Challenges in Chinese Motorsports - The article highlights the struggles of the Chinese motorsport scene, including the lack of commercial viability and media coverage, which hampers the growth of events like the China Rally Championship (CRC) [35][38][56]. - Despite the challenges, there is a growing interest in motorsports, as evidenced by the increase in participants in events like the Dunhuang race [99]. Group 5: Future of Chinese Automotive Culture - The article emphasizes the potential for growth in China's automotive culture, driven by local manufacturers like Great Wall Motors, which are increasingly willing to invest in motorsport [63][64]. - Wei Jianjun's involvement in racing is seen as a catalyst for attracting attention to the motorsport industry and fostering a more robust automotive culture in China [112][114].

Core Viewpoint - The report emphasizes the significant role of military trade in shaping geopolitical dynamics and national security, highlighting that military equipment exports are deeply intertwined with political interests and international relations [2][4]. Group 1: Overview of Military Trade - Military trade, or arms trade, is defined as the transfer of military equipment between countries, reflecting political, military, and diplomatic strategies [19]. - The military trade market is characterized by high concentration, with the top ten exporting countries accounting for 89.70% of global military trade from 2015-2019 and 88.60% from 2020-2024 [4][38]. - The primary military trade products include aircraft, missiles, naval vessels, and specialized vehicles, with aircraft consistently representing over 40% of the market share [4][38]. Group 2: Global Military Trade Landscape - The United States and its allies dominate global military trade, accounting for 64.10% and 78.06% of exports in the periods 2015-2019 and 2020-2024, respectively [2][42]. - The top five military exporting countries from 2015-2019 were the United States, Russia, France, China, and Germany, with France surpassing Russia in the subsequent period due to a decline in Russian exports [4][38]. - The global military trade market has experienced three major fluctuations since 1950, with a compound annual growth rate of 1.72% from 80.82 billion TIV to 289.38 billion TIV [37][38]. Group 3: Military Trade Dynamics - The military trade sector is influenced by geopolitical tensions, particularly in the Asia-Pacific and Middle East regions, which are the primary importers of military equipment [4][38]. - Recent trends show a decline in Russian military exports by 63.90% due to sanctions and the ongoing conflict in Ukraine, while countries like Italy have seen significant increases in their military trade [42]. - The report indicates that military trade is not merely an economic activity but a strategic tool for nations to exert influence and maintain security balances [2][41].

Core Viewpoint - The company reported its 2025 semi-annual results, showing a slight increase in revenue but a significant decline in net profit, with a notable recovery in Q2 performance. Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 923.35 billion, a year-on-year increase of 0.99%, while net profit attributable to shareholders was 63.37 billion, a decrease of 10.21% [1] - In Q2 2025, the company recorded revenue of 523.16 billion, a year-on-year increase of 7.71% and a quarter-on-quarter increase of 30.73% [2] - The company's gross margin for the first half of 2025 was 18.38%, down 2.36 percentage points year-on-year, and the net margin was 6.86%, down 0.88 percentage points year-on-year [3] Group 2: Product and Market Strategy - The company initiated a new product cycle in the first half of 2025, leading to a year-on-year increase in sales and revenue [2] - The overseas revenue reached 358.9 billion, accounting for 39% of total revenue, with overseas sales of 198,700 units, representing 35% of total sales [2] - The company has developed a comprehensive brand matrix including Haval, Wey, Tank, Great Wall Pickup, Ora, Great Wall Soul, and Great Wall Commercial Vehicles, optimizing its product structure [2] Group 3: Technological Advancements - The company emphasizes self-research in intelligent technology, achieving significant advancements in smart cockpit and intelligent driving assistance systems [3] - Continuous investment in new energy technology has led to a 23.64% year-on-year increase in new energy vehicle sales [3] - The company is transitioning towards becoming a smart technology company, with core self-research in intelligent cockpit systems [3] Group 4: Future Outlook - The company maintains an "accumulate" investment rating, with projected net profits of 226.06 billion, 254.89 billion, and 291.49 billion for 2025, 2026, and 2027 respectively [3]

Group 1: Historical Trade Patterns - In the 1940s, the US dominated global trade, with a GDP share of approximately 40% and manufacturing output accounting for 50% of the global total[4] - By 1948, US merchandise trade accounted for 17.2% of global trade, with exports making up 21.6%[19] - In the 1950s, West Germany's export share rose from 1.8% in 1948 to 8.7% by 1962, with a trade surplus rate of 3.65% in 1957[5] - Japan's global merchandise export share increased from 0.4% in 1948 to 6.9% in 1972, reaching 7.5% by 1978[32] Group 2: Economic Growth and Trade Strategies - The Marshall Plan provided $13.3 billion (equivalent to $150 billion in 2017) to 16 European countries from 1948 to 1951, aiding in post-war recovery[20] - Japan's export growth rate averaged 16.8% in the 1960s, more than double the global trade growth rate during that period[30] - The "Asian Tigers" saw their global trade market share increase from 2.4% in 1970 to 10% by 1993, with export market share rising from 3.8% in 1980 to 10.1% in 1994[35] Group 3: China's Trade Expansion - China's merchandise trade share rose from 3.6% in 2000 to 13.1% by 2020, with exports increasing from 3.9% to 14.7% during the same period[48] - By 2024, China's total merchandise trade is projected to reach $6.2 trillion, a 292-fold increase from 1978 and 13 times that of 2000[10] - The share of exports to the US, Japan, and the EU decreased from 53% in 2000 to 33% in 2024, while ASEAN's share increased from 7% to 16.4%[10]

Core Insights - The European Union's defense spending reached a record €343 billion ($402 billion) in the previous year, exceeding expectations, with projections to rise to €381 billion by 2025 [1][2][3] - The increase in defense spending is driven by the ongoing Ukraine crisis, perceived security threats from Russia, and reduced military commitments from the United States [2][3][4] Group 1: Factors Driving Increased Defense Spending - The EU aims to address not only the immediate risks from the Ukraine crisis and Russian threats but also to achieve long-term geopolitical transformation through sustained military spending [2][3] - In 2024, defense spending growth surpassed the European Defense Agency's expectations by €17 billion, with all EU member states, except Portugal and Ireland, increasing their defense budgets [2][3] - The EU's "Ready for 2030" white paper emphasizes investment in defense industries and joint procurement to enhance military capabilities by 2030 [2][3] Group 2: Allocation of Defense Spending - The primary focus of EU defense spending includes short-term stock replenishment, mid-term research and development, and long-term military structural transformation [4][6] - Equipment procurement increased by 39% year-on-year, while research and development spending grew by 20% [5][6] - The EU's military spending is expected to stimulate the defense industry, although some economists caution that initial benefits to the economy may be limited [5][6] Group 3: Challenges and Integration Issues - The EU faces significant integration challenges in defense restructuring, requiring unified intentions and the consolidation of resources and capabilities among member states [7][8] - The reliance on the U.S. for military support complicates the EU's goal of achieving defense autonomy, with 64% of weapons imported by NATO European members coming from the U.S. [9][11] - The lack of a cohesive understanding of security threats among EU member states hinders the establishment of a unified defense strategy [11][12]

Core Viewpoint - Great Wall Motors has achieved record monthly sales and significant overseas expansion, with August 2025 sales reaching 115,600 vehicles, a year-on-year increase of 22.33% [1][4]. Sales Performance - In August 2025, Great Wall Motors sold 115,600 new vehicles, marking the best performance for August in history, with a 22.33% year-on-year increase [1][4]. - Year-to-date sales for the first eight months of 2025 reached 789,700 vehicles, reflecting a 5.94% increase compared to the same period last year [2][5]. - New energy vehicle sales in August reached 37,500 units, up 50.92% year-on-year [4]. - Sales of models priced above 200,000 yuan reached 31,600 units, a 50.57% increase year-on-year [4]. - Overseas sales in August totaled 45,200 units, a year-on-year increase of 11.65% [1][4]. Brand Performance - The Haval brand sold 68,900 vehicles in August, a 22.69% increase year-on-year [6]. - The WEY brand's new energy vehicle sales surged to 8,028 units, up 167.51% year-on-year [6]. - The Tank SUV series sold 20,000 units in August, a 22.46% increase year-on-year [7]. - The Ora brand sold 5,223 vehicles, a modest increase of 1.4% year-on-year [8]. - Great Wall Pickup was the only brand to experience a decline, with sales of 13,300 units, down 2.89% year-on-year [9]. Global Expansion - Great Wall Motors has accelerated its global expansion, with the completion of its Brazil factory, which has an annual production capacity of 50,000 vehicles [3][12]. - The company has established a comprehensive overseas system, with over 15 million global users and more than 1,400 overseas sales channels [3][13]. - Cumulative overseas sales have surpassed 2 million vehicles, with a year-on-year increase of 1.35% in the first eight months of 2025 [13]. Financial Performance - In the first half of 2025, Great Wall Motors reported revenue of 92.335 billion yuan, a 0.99% increase year-on-year, with a net profit of 6.337 billion yuan, down 10.21% [14]. - The second quarter of 2025 saw revenue of 52.348 billion yuan, a 7.78% year-on-year increase, and a net profit of 4.586 billion yuan, up 19.46% year-on-year [14]. - The company anticipates that its annual revenue for 2025 will exceed 200 billion yuan [15]. Research and Development - In the first half of 2025, Great Wall Motors' R&D expenses reached 4.239 billion yuan, a 1.12% increase year-on-year, marking a historical high for the period [16]. - The company has established nine major R&D bases and five software R&D centers, with a global patent application total nearing 50,000 [17].

Group 1 - The China Armament Museum has opened in Zhuhai, showcasing a significant new project following the Zhuhai Space Center, emphasizing Zhuhai's unique cultural and tourism identity [1] - The museum covers a total exhibition area of 12,400 square meters, featuring historical and technologically advanced national defense equipment along with immersive military interactive experiences [1] - The outdoor exhibition area displays retired equipment such as tanks, armored vehicles, and artillery, while the indoor area is divided into six sections focusing on various military capabilities, including light tanks, heavy infantry fighting vehicles, and advanced artillery systems [1] Group 2 - The opening of the China Armament Museum will allow for regular showcasing of military equipment at the airshow, enhancing the integration of the "dual airshow" concept and creating a comprehensive military technology display platform in the Guangdong-Hong Kong-Macao Greater Bay Area [2] - Visitors to the Zhuhai International Airshow Center will have the opportunity to explore both aerospace and ground combat capabilities, enriching their experience [2] - The museum will officially open to the public on September 10 [3]