拉杰瓦茨表示，海南自贸港封关运作是中国制度型开放的最新例证。在当前世界经济面临重重挑战 的背景下，中国坚持高水平对外开放体现了经济发展和治理理念的连续性与坚定性。"中国沿着几十年 来一直遵循的道路前进，始终强调发展。" 拉杰瓦茨说，塞尔维亚与中国保持着良好的经贸关系，从中国进口不少产品，也向中国出口大量具 有市场竞争力的货物。她表示，塞尔维亚从塞中经贸往来中受益良多，这印证了中国的发展对新兴市场 和发展中国家经济转型升级是重要机遇。 开放是当代中国的鲜明标识。中国开放的大门不会关闭，只会越开越大。拉杰瓦茨指出，中国积极 倡导建立更加公正的国际贸易体系，受到全球南方国家广泛支持。"中国是多边合作的灯塔。中国持续 推动高水平对外开放，推动各国共同发展，让世界有机会迈向一个更加稳定的未来。" (责任编辑：申杨) 12月4日，塞尔维亚国际政治经济研究所副所长伊沃娜·拉杰瓦茨在首都贝尔格莱德接受新华社记者 专访。新华社发(王韡摄) 塞尔维亚国际政治经济研究所副所长伊沃娜·拉杰瓦茨日前接受新华社记者专访时表示，以海南自 由贸易港为代表的中国制度型开放举措给各国企业发展带来多重机遇，为世界经济增长提供稳定预期。 拉杰瓦茨先 ...

Market Overview - On December 3, the market experienced a decline, with the Shanghai Composite Index falling by 0.51%, the Shenzhen Component down by 0.78%, and the ChiNext Index decreasing by 1.12%[3] - The total trading volume reached 1.68 trillion yuan, an increase of approximately 70 billion yuan compared to the previous trading day[1] Sector Performance - Most sectors declined, with notable increases in transportation, non-ferrous metals, and coal, while media, computing, real estate, commerce, and military industries faced significant declines[1] - Industrial metals showed strong performance, driven by rising copper and aluminum futures prices, with demand expected to increase due to factors like electric vehicles and infrastructure updates[1] Capital Flow - On December 3, net outflows were recorded at 4.05 billion yuan for the Shanghai Stock Exchange and 3.42 billion yuan for the Shenzhen Stock Exchange[4] - The top three sectors for capital inflow were industrial metals, optical electronics, and general equipment, while IT services, software development, and semiconductors saw the largest outflows[4] Economic Indicators - From January to October 2025, China's service trade totaled 65,844.3 billion yuan, reflecting a year-on-year growth of 7.5%, with exports increasing by 14.3% and imports by 2.6%[7] - The service trade deficit decreased by 2,693.9 billion yuan compared to the previous year, indicating improved trade balance[7] Fundraising Trends - Over 60 new funds are set to be issued in December, with 28 funds launched on December 1 alone, marking a significant increase in fundraising activity compared to previous years[14] - Year-to-date, 1,450 new funds have been issued, surpassing last year's total of 1,143 and reaching a three-year high[14] ETF Trading - The total trading volume for ETFs reached 353.39 billion yuan, with stock ETFs accounting for 112.69 billion yuan, bond ETFs for 176.93 billion yuan, and money market ETFs for 22.57 billion yuan[16]

Core Viewpoint - Dongfang Chuangye (SH 600278) announced that as of November 30, 2025, it has not yet initiated its share repurchase plan, indicating that future actions will depend on market conditions [1] Company Summary - As of the end of 2024, Dongfang Chuangye's revenue composition is as follows: - Goods trade: 75.33% - Freight warehousing and agency: 17.23% - Health industry: 6.26% - Ship leasing: 0.93% - Service trade: 0.25% [1] - The current market capitalization of Dongfang Chuangye is 6.9 billion yuan [1]

Core Insights - In October 2025, China's international balance of payments for goods and services trade reached a total scale of 42,858 billion yuan [1] Trade Data Summary - Goods trade exports amounted to 21,630 billion yuan, while imports were 15,217 billion yuan, resulting in a surplus of 6,413 billion yuan [1] - Services trade saw exports of 2,607 billion yuan and imports of 3,404 billion yuan, leading to a deficit of 797 billion yuan [1] Major Service Trade Components - Travel services had an import and export scale of 1,751 billion yuan [1] - Transportation services accounted for 1,705 billion yuan in trade [1] - Other commercial services totaled 992 billion yuan [1] - Telecommunications, computer, and information services reached 658 billion yuan [1] Dollar Value Summary - In dollar terms, exports for October 2025 were valued at 34.16 billion USD, imports at 26.25 billion USD, resulting in a surplus of 7.92 billion USD [1]

Core Points - The eighth round of the UK-Switzerland free trade agreement (FTA) negotiations took place from October 20 to 24, 2023, in Switzerland, reaching an agreement on the competition chapter [1] - Switzerland ranks as the UK's tenth largest trading partner, with bilateral trade expected to exceed £45 billion in 2024 [1] - UK service exports to Switzerland are over £18 billion, making Switzerland the UK's sixth largest service export market [1] Trade Agreement Details - The core focus of the upgraded FTA is on service trade, with trade in financial, consulting, legal, and transportation sectors amounting to approximately £28 billion [1] - In 2020, the bilateral service trade created around 130,000 jobs in the UK [1] - The UK government believes that the upgraded FTA will promote economic growth, support UK businesses, create job opportunities, and enhance the welfare of UK citizens [1] Future Negotiations - The ninth round of negotiations is expected to take place in early 2026 in the UK [1]

Core Insights - The China Southern Airlines Group achieved a record signing amount exceeding 2 billion USD at the 8th China International Import Expo, marking a six-year high [1] - The group signed 23 import procurement agreements with 20 global aviation service manufacturers and suppliers from 9 countries, covering 4 major categories and 19 types of key goods and services [1] Group 1 - The total signing amount of over 2 billion USD represents a significant increase compared to previous years [1] - The agreements include procurement in various sectors such as technical equipment, service trade, and agricultural products [1] - The participation of 20 global suppliers indicates a strong international collaboration in the aviation sector [1]

Group 1: Economic Growth of the Service Sector - The service sector's contribution to economic growth is significant, with a value added of 592,955 billion yuan in the first three quarters, representing a year-on-year growth of 5.4% [2] - The service sector accounted for 58.4% of GDP, an increase of 0.8 percentage points from the previous year, contributing 60.7% to national economic growth [2] - In September, the service production index grew by 5.6% year-on-year, indicating sustained growth [2] Group 2: Innovation and New Momentum - The modern service industry is thriving, with significant growth in information transmission, software, and IT services, which saw a year-on-year increase of 11.2% and 9.2% respectively [3] - These sectors contributed 1.7 percentage points to the growth of the service sector's value added [3] - The high-tech service industry is also expanding, with fixed asset investment growing by 6.1% year-on-year [4] Group 3: Service Consumption Upgrade - Service retail sales increased by 5.2% year-on-year, outpacing the growth of goods retail sales by 0.6 percentage points [5] - Online retail sales grew by 9.8% in the first three quarters, reflecting a shift towards digital consumption [5] - The cultural and tourism sectors are experiencing robust growth, with significant increases in revenue for cultural arts and travel services [5] Group 4: High-Level Opening of the Service Sector - Service trade is steadily increasing, with a total import and export value of 52,476.9 billion yuan, a year-on-year growth of 7.4% [6] - The number of foreign visitors benefiting from visa-free policies increased by 52.1% [6] - The actual use of foreign capital in the service sector reached 3,661.9 billion yuan, accounting for over 70% of total foreign capital utilization [6] Group 5: Business Activity and Future Outlook - The business activity index for the service sector was at 50.1% in September, indicating expansion [7] - The business activity expectation index remained stable and optimistic at 56.3% [7] - Overall, the service sector is maintaining a steady operational trend, with ongoing improvements in development quality [8]

Core Insights - The article discusses the importance of industrial structure adjustment in China's 14th and upcoming 15th Five-Year Plans, emphasizing the shift from focusing on the ratio of the three industries to prioritizing technological innovation and R&D investment [3][5][28]. Group 1: Industrial Structure Adjustment in Five-Year Plans - Industrial structure adjustment is a crucial component of China's Five-Year Plans, serving as a key means to achieve core objectives [3][16]. - The focus of industrial structure adjustment has evolved from the ratio of the three industries to a greater emphasis on technological innovation and R&D investment [5][28]. - The 14th Five-Year Plan has introduced specific targets for R&D expenditure and digital economy core industries, reflecting a shift towards more refined and precise planning [5][28]. Group 2: Trends in Industrial Structure Adjustment - The direction of industrial structure adjustment has transitioned from emphasizing the three industries' ratios to focusing on technological innovation [5][28]. - The importance of the service sector has increased, with a notable shift from finance and real estate to information technology and production services [6][47]. - The 15th Five-Year Plan is expected to continue supporting technological innovation and address issues such as supply-demand mismatches and "involution" in the manufacturing sector [7][8][22]. Group 3: Key Areas of Focus in the 15th Five-Year Plan - The 15th Five-Year Plan is likely to prioritize emerging industries such as artificial intelligence, marine economy, and commercial aerospace [7][22]. - There is an anticipated increase in the emphasis on service industry development, particularly in enhancing service consumption and trade [8][26]. - The plan may also focus on improving the quality and efficiency of service industries, aligning with the broader economic development goals [8][49].

Core Viewpoint - The Chinese government has introduced comprehensive policy measures to promote service exports, aiming to enhance support and investment in the sector, thereby boosting its growth potential. Group 1: Policy Measures - The Ministry of Commerce and other nine departments released 13 specific measures to support service exports, including encouraging insurance companies to increase support for service exports [1][2]. - The policy emphasizes the role of the Service Trade Innovation Development Guidance Fund in attracting more social capital into service and digital trade sectors [1]. - The measures include optimizing the zero tax rate declaration process for service exports by promoting electronic information platforms to improve efficiency [1]. Group 2: Export Credit Insurance - The policy encourages export credit insurance companies to expand their coverage in areas such as transportation, maintenance, and internet advertising, while enhancing underwriting capabilities and claims service quality [2]. - It aims to improve the precision of export credit insurance policies through better information sharing and guidance for service trade enterprises [2]. - The measures also focus on increasing financial services for small and micro enterprises, enhancing the convenience of insurance services [2]. Group 3: Customs and Financial Management - The policy proposes support measures for the bonded supervision system, simplifying approval processes for research and testing imports in comprehensive bonded zones [3]. - It encourages the integration of cross-border fund management for multinational companies, facilitating internal fund allocation for service enterprises [3]. - The measures aim to enhance the convenience of cross-border fund settlement for service trade, guiding banks to optimize procedures for compliant enterprises [3]. Group 4: Service Trade Growth - Service trade in China shows strong growth potential, with total service trade imports and exports reaching 45,781.6 billion yuan in the first seven months of the year, a year-on-year increase of 8.2% [4]. - Service exports amounted to 19,983 billion yuan, growing by 15.3%, which is 8 percentage points faster than the growth rate of goods exports during the same period [4].

Group 1 - The core viewpoint of the articles highlights Qinghai Province's significant growth in foreign trade, achieving a total import and export value of 35.9 billion yuan in the first half of the year, representing a year-on-year increase of 57.7% [1][2] - Qinghai's economic high-quality development focuses on building a world-class salt lake industry base, a national clean energy industry hub, an international ecological tourism destination, and a source of green organic agricultural products [1] - The province's export of green organic agricultural products reached 3.4 billion yuan, with a growth rate of 56%, ranking first in the nation. Notably, exports of cool-season vegetables increased nearly twofold, and products like frozen trout were exported to Japan for the first time [1] Group 2 - In the secondary industry, Qinghai's exports of new energy and salt chemical products saw explosive growth, with new energy product exports totaling 18 billion yuan, a year-on-year increase of 5.6 times [1] - Exports of lithium-ion batteries surged to 14.4 billion yuan, marking a 32-fold increase, while salt lake chemical products reached 5.1 billion yuan, growing 2.5 times [1] - The service trade sector also experienced growth, with service trade imports and exports reaching 6.834 million USD, a 49.6% increase, and non-financial foreign direct investment rising to 1.87 million USD, up 306.7% [2]