今年上半年，美国企业在设备方面的投资力度强劲。经济学家普遍预计，第三季度企业设备投资依旧表 现稳健。亚特兰大联邦储备银行最新预测显示，美国第三季度GDP年化增长率有望达到4.0%，显著高 于第二季度的3.8%。政府表示，因政府关门而延后的三季度GDP报告将于12月23日发布。 在更广泛的耐用品领域，涵盖从家电到飞机等可使用三年以上的商品，美国9月耐用品订单整体上涨 0.5%，继8月强劲的3.0%增幅后继续维持增长。虽然9月非国防类飞机及零部件订单下降6.1%，波音 (BA.US)网站数据显示，其当月获得96架飞机订单，远高于8月的26架，显示航空领域需求仍具韧性。 在企业设备投资持续回暖、耐用品需求保持增长以及人工智能投资热潮的共同带动下，美国经济在第三 季度展现出加速扩张的势头，市场正静待年底发布的GDP数据，以进一步确认经济动能是否在持续增 强。 美国关键制造资本货物的新订单在9月份大幅增长，同时相关设备的出货量也明显增长，强化了市场对 美国第三季度经济增速加快的预期。 智通财经APP获悉，美国商务部人口普查局周三发布数据显示，剔除飞机后的企业生产设备订单(这一 反映企业是否愿意扩产和投资的重要指标)在9 ...

跨国企业:2025年1-9月在华投资 5737.5 亿深耕多赛道 【11月25日消息,全球外资下行,中国仍是"投资 热土"】 2025年1-9月,中国吸收外资5737.5亿元 人民币,跨业深耕新能源汽车、航空航天等核心赛 道。欧洲飞机制造企业天津总装基地累计交付近800 架飞机,其在华布局版图不断扩展,贯穿飞机全生 命周期。德国汽车零部件巨头十年在华投资超600亿 元,南昌30亿元轻型商用车电驱桥系统生产基地加 速落地。"投资中国"是长期合作共赢、深度本土 融入,跨业扎根中国分享红利,中国为全球投资者 提供机遇。 【11月25日消息，全球外资下行，中国仍是"投资热土"】2025年1 - 9月，中国吸收外资5737.5亿元人民 币，跨业深耕新能源汽车、航空航天等核心赛道。欧洲飞机制造企业天津总装基地累计交付近800架飞 机，其在华布局版图不断扩展，贯穿飞机全生命周期。德国汽车零部件巨头十年在华投资超600亿元， 南昌30亿元轻型商用车电驱桥系统生产基地加速落地。"投资中国"是长期合作共赢、深度本土融入，跨 业扎根中国分享红利，中国为全球投资者提供机遇。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 ...

围绕美国与马来西亚签署的贸易协定，马来西亚国内的反对声升高。原因是此项协定含有如果马来西亚 与其他国家签署威胁美国利益或安全的协定，美国可以单方面撕毁该贸易协定的条款。有人批评称这是 侵犯主权的行为，专家指出这是一项"毒丸条款"。 此项贸易协定虽然未指名具体国家，但明显是针对中国。美国与柬埔寨也签署了类似协定。今后与泰 国、越南谈判时可能也会列入该条款。东南亚有很多国家奉行中立外交，美国此举被认为意在阻碍这些 国家与中国接近。 马来西亚国内出现批评声音 "这既不是投降、背叛，也不是卖国、新型殖民地化"，在11月4日的国会上，马来西亚总理安瓦尔不得 不对贸易协定引发的批评进行反驳。 美国特朗普总统（左）与马来西亚总理安瓦尔在东盟相关首脑会议期间签署了双边贸易协定（10月26 日，吉隆坡市内，Reuters） 美国10月与马来西亚签署《互惠贸易协定》。允许美国因马来西亚与第三国签署威胁美国利 益的协议而单方面撕毁协定，且美国拥有单方面解释权。虽然未指名具体国家，但明显是针 对中国。类似协定可能会扩大到泰国、越南等…… 马来西亚政府有着迫不得已的苦衷。作为签署协定的交换条件，马来西亚获得了将对等关税降至19%、 以 ...

11月18日，工银金租在海南自贸港设立工银租赁（海南）有限公司，成为首批在琼落地管理型项目公司 的金租公司。该公司的设立，是工银集团与海南省政府战略合作的有力体现，也是工银金租助力海南自 贸港建设的具体举措。 据了解，2024年以来，海南金融领域以跨境资金流动自由便利为核心，通过政策集成创新、平台搭建与 机制完善，持续推动高水平开放，为海南自贸港建设注入强劲金融动能。海南省委金融办牵头出台了 《金融支持经济高质量发展的十五条措施》《金融支持加快海南自由贸易港建设实施方案》，同时配合 中央金融管理部门驻琼机构出台了落实金融"五篇大文章"等相关政策文件，引导金融机构加大支持自贸 港建设力度。 工银租赁（海南）有限公司的设立，是工银金租贯彻落实二十届四中全会精神、服务国家高水平对外开 放大局的战略行动，也是紧扣国家战略机遇、深化自贸港金融布局的关键举措。下一步，工银金租将 在"十五五"规划建议"高标准建设海南自由贸易港"的总体部署下，依托自贸港核心政策优势，高效合规 推动管理型项目公司经营发展，加大力度拓展飞机、船舶、设备租赁业务，为建设我国高水平对外开放 门户贡献坚实的金融力量，持续展现国有金融机构服务国家战略的 ...

经济观察网波音表示，中东航空公司正进入一个增长和现代化的新时代，预计该地区的飞机机队将在未 来20年内翻一番多。到2044年，随着旅游业和贸易、枢纽发展以及不断壮大的中产阶级的推动，该地区 在全球客运量中的份额将超过10%。 ...

前10个月，上海市"新三样"产品累计出口1314.3亿元，增长11.7%，特别是近6个月以来，出口增速均在 25%以上，增长动能强劲。绿色航运装备表现尤为亮眼，液货船出口274.6亿元，增长115%。此外，劳 动密集型产品也保持稳定增长，出口1645.7亿元，增长2.9%。此外，制造业生产活动保持稳定扩张，尤 其装备制造业和高技术制造业保持了较好的扩张势头。前10个月，上海市金属矿砂、未锻轧铜及铜材分 别进口1774.1亿、506.7亿元，增长8.6%、17.2%。高技术产品进口增速显著，半导体制造设备、电脑及 其零部件、飞机、飞机零部件进口分别增长29.6%、18.3%、92.4%、41.5%。民生类消费品进口表现良 好，乳品、干鲜瓜果、牛肉分别增长16.2%、15.3%和10.8%，显示内需消费活力逐步释放。 校对 柳宝庆 新京报贝壳财经讯（记者俞金旻）11月14日，贝壳财经记者从上海海关获悉，今年前10个月，上海市实 现进出口3.71万亿元人民币，同比增长5.2%，增速高于全国整体水平1.6个百分点。其中，出口1.64万亿 元，增长10.5%；进口2.07万亿元，增长1.3%。 贝壳财经记者注意到，自今 ...

Investment Rating - The report maintains a positive outlook on the transportation industry, with a recommendation to continue investing in specific companies such as China Merchants Energy and COSCO Shipping Energy [1]. Core Insights - The report highlights significant opportunities in the shipbuilding sector, with new ship prices showing an increase, and recommends companies like China Shipbuilding and China Shipbuilding Defense [3]. - The oil tanker market is experiencing rising charter rates, with a notable increase in VLCC rates, indicating a favorable market environment for shipping companies [3]. - The air transport sector is expected to see substantial improvements in profitability due to supply constraints and increasing passenger volumes, with recommendations for airlines such as China Eastern Airlines and Spring Airlines [3]. - The express delivery industry is entering a new phase of competition, with potential for price recovery and improved profitability, focusing on companies like Shentong Express and YTO Express [3]. - The railway and highway sectors are showing resilience in freight volumes, with steady growth expected, particularly in high-dividend stocks [3]. Summary by Sections 1. Transportation Industry Performance - The transportation index increased by 1.83%, outperforming the CSI 300 index by 2.91 percentage points [4]. - The road freight sector saw the highest increase at 7.44%, while cross-border logistics experienced a decline of 1.37% [4]. 2. Shipping Market Insights - The report notes a 26% week-on-week increase in VLCC rates, reaching $119,882 per day, driven by limited capacity and strong demand [3]. - The report also mentions a 19% increase in LR2 rates to $33,314 per day, supported by tight capacity in the Red Sea route [3]. 3. Air Transport Sector - The report emphasizes the ongoing challenges in aircraft manufacturing and the aging fleet, predicting a significant improvement in airline profitability in the coming years [3]. 4. Express Delivery Industry - The express delivery sector is expected to see a shift towards price recovery and profitability, with a focus on companies that can adapt to changing market dynamics [3]. 5. Railway and Highway Freight - The report highlights the resilience of railway freight volumes and highway truck traffic, with data showing a 3.94% increase in railway freight and a slight decline in highway traffic [3].

Core Insights - Shanghai's import and export value increased by 5.2% year-on-year in the first ten months of this year, reaching 3.71 trillion yuan, which is 1.6 percentage points higher than the national average [1] - Exports amounted to 1.64 trillion yuan, growing by 10.5%, while imports reached 2.07 trillion yuan, with a growth of 1.3% [1] - In October alone, the total import and export value was 367.98 billion yuan, marking a 3.1% increase [1] Export Performance - The export of "new three items" including electric passenger vehicles, solar cells, and lithium batteries totaled 131.43 billion yuan, an increase of 11.7% [2] - Green shipping equipment exports, particularly liquid cargo ships, saw a remarkable growth of 115%, amounting to 27.46 billion yuan [2] - Labor-intensive products also showed stable growth, with exports reaching 164.57 billion yuan, up by 2.9% [2] Import Performance - Key imports included metal ores and unrefined copper, which totaled 177.41 billion yuan and 50.67 billion yuan respectively, with growth rates of 8.6% and 17.2% [2] - High-tech product imports experienced significant growth, with semiconductor manufacturing equipment, computers and components, and aircraft and parts increasing by 29.6%, 18.3%, and 92.4% respectively [2] - Consumer goods imports showed positive trends, with dairy products, fresh and dried fruits, and beef increasing by 16.2%, 15.3%, and 10.8% respectively, indicating a gradual release of domestic consumption vitality [2]

Core Insights - Shanghai's total import and export value reached 3.71 trillion yuan in the first ten months of the year, marking a 5.2% increase year-on-year, which is 1.6 percentage points higher than the national average growth rate [1] - In October alone, Shanghai's import and export value was 367.98 billion yuan, with exports at 161.53 billion yuan and imports at 206.45 billion yuan, reflecting year-on-year growth of 3.5% and 2.8% respectively [1] Group 1: Trade Performance - Cumulative exports from Shanghai in the first ten months totaled 1.64 trillion yuan, up 10.5% year-on-year, while cumulative imports reached 2.07 trillion yuan, a 1.3% increase [1] - Shanghai's trade with emerging markets such as ASEAN, the Middle East, and Africa saw significant growth, with imports and exports of 530.31 billion yuan, 133.36 billion yuan, and 122.22 billion yuan respectively, representing year-on-year increases of 12.6%, 19.7%, and 26.8% [1] - Trade with major BRICS countries like Brazil and India also grew, with respective import and export values of 92.35 billion yuan and 81.34 billion yuan, showing increases of 7.8% and 31.6% [1] Group 2: Emerging Products and Sectors - Exports of emerging products such as electric passenger vehicles, lithium batteries, and solar cells reached 131.43 billion yuan, reflecting an 11.7% year-on-year increase, with growth rates exceeding 25% in the last six months [2] - The export of green shipping equipment, particularly liquid cargo ships, surged to 27.46 billion yuan, marking a substantial year-on-year increase of 115% [2] - Imports of high-tech products showed significant growth, with semiconductor manufacturing equipment, computers and components, and aircraft and parts increasing by 29.6%, 18.3%, and 92.4% respectively [2] Group 3: Consumer Goods - The import of consumer goods in Shanghai performed well, with dairy products, dried and fresh fruits, and beef seeing year-on-year increases of 16.2%, 15.3%, and 10.8% respectively, indicating a gradual release of domestic consumption vitality [2]

泰国和美国最近宣布建立战略伙伴关系，本来这被看作是外交领域的重大突破，然而国内却随即陷入了 争议之中。人民党副党魁兼经济团队负责人维拉尤公开表示对这份协议的质疑，认为泰国在谈判中让步 过多，尤其是在税收减免和采购承诺这两个方面，实在让人无法接受。 外交合作的本质是互利共赢，仅仅拥有"伙伴"这一称号是远远不够的。维拉尤直言不讳，泰国为了这 个"战略伙伴"身份所做出的经济承诺，已经超过了越南和马来西亚的让步。他特别提到了飞机采购问 题，指出美国与三国的协议中都有采购飞机的条款，但泰国的采购量明显高于另外两国。更让人担忧的 是，协议中并未提及任何技术转移的附加条款，这意味着泰国只是花钱购买飞机，却无法获得能够带动 本土产业发展的技术支持。 泰国的媒体和经济学界对此展开了激烈的讨论。支持者认为，与美国建立良好的关系能吸引更多外资， 增强泰国在印太地区的战略地位，特别是在安全领域的合作方面有显著的提升。但反对者则认为，这样 的不对等让利会给本土产业带来沉重压力，可能得不偿失。《曼谷邮报》也在评论中指出，泰国虽然赢 得了一个"战略伙伴"的称号，但却可能因此失去了谈判中的主动权。 通过对比越南和马来西亚的做法，泰国的谈判显 ...