Core Insights - The unexpected "counteraction" from China has emerged as the U.S. attempts to impose extreme pressure on its economy, leading to a stronger China instead of a weakened one [1][4] - The current state of U.S.-China economic relations has evolved beyond mere confrontation, resembling a "boomerang" effect where pressure applied by one side ultimately rebounds back to the initiator [1][4] Group 1: Economic Impact - The extreme pressure from both sides has triggered unforeseen counteractions in economic, technological, and strategic dimensions, forcing a reevaluation of mutual interests [1][4] - The initial U.S. tariffs, intended to harm China, have instead resulted in significant domestic inflation in the U.S., affecting ordinary citizens and farmers [8][12] - Despite the intense conflict, trade volumes between the U.S. and China have not significantly declined, indicating a tightly interwoven supply chain that is difficult to decouple [8][12] Group 2: Technological Dynamics - The U.S. shifted from blunt tariffs to more precise measures like technology restrictions, targeting Chinese companies in critical sectors such as semiconductors [10][12] - China's response included anti-dumping investigations on U.S. chips and export controls on strategic products like rare earths and lithium batteries, which are vital for U.S. industries [12][14] - The U.S. technology blockade inadvertently catalyzed China's innovation in semiconductors and new materials, transforming external pressure into internal motivation for growth [13][14] Group 3: Strategic Reassessment - The ongoing technological battle has altered the nature of the competition, prompting both nations to reassess their strategic positions and recognize the futility of zero-sum games [14][19] - Negotiation has become crucial as both sides acknowledge the need for dialogue to align with realistic interests, especially amid global economic challenges [16][19] - The U.S. continues to engage in tactical maneuvers during negotiations, attempting to leverage additional pressure while China balances its strategic responses with cooperative signals [17][19] Group 4: Future Outlook - The persistent "counteraction" has led to a mutual understanding of interdependence, suggesting that future economic relations will focus on mutual benefits rather than outright conflict [19][21] - The true victor in this ongoing competition will be the party that effectively understands and navigates the "counteraction" dynamics, avoiding a scenario where both sides suffer [21]

Core Points - Despite tensions between Beijing and the EU, Slovakia's Prime Minister Fico welcomes Chinese investment in electric vehicle battery factories [1] - Guoxuan High-Tech plans to invest €1.2 billion in Slovakia to build a battery factory with an annual capacity of 20 GWh [1] - The project is expected to create over 1,000 new jobs and stimulate regional development [2] Group 1 - The groundbreaking ceremony for the battery factory took place in the southern city of Súrany, attended by over 300 people including government officials and Guoxuan's chairman [1] - Fico emphasized that the cooperation with Chinese companies is a forward-looking decision, recalling that discussions about the project began in 2023 [1] - The project was initiated despite warnings from some EU members about potential risks, which were countered by the EU's recent plan to provide over €8 billion in subsidies for electric vehicle battery production [1] Group 2 - Fico has been actively working to attract more Chinese enterprises, despite disagreements with some EU officials on issues like rule of law and energy policies [2] - The European Commission is considering options to respond to China's planned export controls on critical raw materials, while China asserts that recent measures are part of normal regulatory practices [2] - A Chinese delegation is expected to discuss rare earth control issues with the European Commission [2]

Core Insights - Despite tensions between Beijing and the EU, Slovakia's Prime Minister Fico welcomes Chinese investment in electric vehicle battery factories [1] - Guoxuan High-Tech plans to invest €1.2 billion in Slovakia to build a battery factory with an annual production capacity of 20 GWh [1] - The project is expected to create over 1,000 new jobs and stimulate regional development [2] Group 1 - The groundbreaking ceremony for the battery factory took place on October 28, attended by over 300 people, including government officials and Guoxuan's chairman [1] - Fico emphasized that the cooperation with Chinese companies is a forward-looking decision, despite previous warnings from some EU members about potential risks [1] - The project aligns with Slovakia's independent foreign policy and is supported by both Slovak and Chinese parties to achieve its goals by 2027 [1] Group 2 - The EU Commission recently announced a plan to provide over €8 billion in subsidies for electric vehicle battery production, which may have influenced Slovakia's decision [1] - Slovakia's Economy Minister Sakova highlighted the project as one of the country's major investments, contributing to job creation and regional growth [2] - Tensions exist within the EU regarding China's plans to implement export controls on critical raw materials, with discussions ongoing between the EU and a Chinese delegation [2]

Core Viewpoint - The recent notification from the Michigan Economic Development Corporation (MEDC) indicates that Guoxuan High-Tech's $2.4 billion electric vehicle battery factory project in Mecosta County has defaulted due to failure to meet investment and construction milestones [1][2]. Group 1: Project Details - Guoxuan High-Tech announced the Green Town project in 2022, intending to build a lithium iron phosphate battery component factory with a planned production start in 2026 [2]. - The company has stated that construction was halted due to a lack of consensus with local government on policy issues, and the planned capacity in Morocco will cover the production originally intended for Michigan [2][4]. Group 2: Overseas Investments - In December 2022, Guoxuan High-Tech announced two major overseas investment projects totaling over €2.5 billion, equivalent to approximately ¥190 billion, including a €1.28 billion project in Morocco and a €1.23 billion project in Slovakia [4]. - The Morocco project, which started construction in May 2023, aims for an initial capacity of 20 GWh, expected to be operational by Q3 2026, with plans to expand to 40 GWh [4]. Group 3: Global Expansion and Financial Performance - Guoxuan High-Tech is expanding its global footprint with factories in Germany, Vietnam, and Slovakia, covering various stages of the lithium battery supply chain [5]. - The company's overseas revenue has been increasing, with a reported revenue of ¥19.394 billion in the first half of 2025, a year-on-year increase of 15.48%, and overseas revenue reaching ¥6.4 billion, accounting for 33% of total revenue [5]. - Predictions indicate that by 2025, Guoxuan High-Tech's global market share in energy storage will significantly increase, with overseas revenue potentially exceeding 40% [5].

本文来自微信公众号： 秦朔朋友圈 ，作者：秦朔，题图来自：视觉中国 2025年并非中美关系史上最紧张的年份。这一年两国沟通畅顺，政治和军事上也没有剑拔弩张。但 在经贸领域，却是一波未平一波又起、始终不得歇的一年。 这一年，或许会成为两国经贸关系的一个转折点，即中方开始从耐心克制走向明确反制，从"跟随式 对等反制"走向"关键供应链反制"。 古代典籍《鬼谷子》中说，"道贵制人，不贵制于人也；制人者握权，制于人者失命。"强调主动权的 重要性。 有制服他人的能力，就能掌握主动权。被他人所控制，就不能掌控自己的命运。 大历史的背景 美国作为全球最大经济体、最大市场和金融、科技、军事等方面的超强国，在全球经贸领域一直处于 制人者的地位。 1947年的关贸总协定、上世纪80年代中期开始的乌拉圭回合谈判、1995年1月建立的世界贸易组织， 这些经济全球化的框架性安排，最初都是由美国推动的。 但当历史走到今天，美国踢开了自己当年倡导的组织和规则。目前166个世贸组织成员中，165个基 本上都是按照世贸组织的非歧视、自由贸易、公平、透明度等原则，开展贸易活动。 唯独美国和别 的成员间的关税安排游离于世贸规则之外，由美国自判断、自 ...

Core Viewpoint - The year 2025 is not the most tense in Sino-U.S. relations, but it marks a turning point in economic and trade relations, with China shifting from patient restraint to clear countermeasures [3] Economic and Trade Relations - The U.S. has historically held a dominant position in global trade, but has recently deviated from the rules it once advocated, leading to unilateral trade measures [4] - The trade relationship has seen ongoing tensions, with both cooperation and friction in various sectors, influenced by each side's understanding of sensitive industries [5][7] Countermeasures - China has begun implementing strong countermeasures, including export controls on rare earth materials and high-performance lithium batteries, as well as special port fees on U.S. vessels [11][12] - The U.S. has responded with tariffs and restrictions, indicating a tit-for-tat escalation in trade tensions [15] Impact on Supply Chains - China's export controls on rare earths and lithium batteries could significantly impact U.S. supply chains, particularly in sectors like semiconductors and energy storage [13] - The U.S. is aware of the potential repercussions of its actions, as they could also harm its own industries [23] Future Outlook - Both countries are engaged in ongoing negotiations to manage their differences, with a focus on avoiding further escalation [16] - The relationship is characterized by a complex interdependence, making complete decoupling unlikely despite rising tensions [22][25] - China's long-term strategy emphasizes cooperation and mutual benefit, contrasting with the U.S. approach of prioritizing its own interests [26]

Core Points - The year 2025 is not the most tense in Sino-U.S. relations, with smooth communication and no military tensions, but trade issues persist [1] - This year may mark a turning point in economic relations, with China shifting from patient restraint to clear countermeasures [2] Historical Context - The U.S. has historically held a dominant position in global trade, having initiated frameworks like the GATT and WTO [5][6] - Currently, the U.S. operates outside these frameworks, imposing tariffs and sanctions unilaterally [6][7] Background of Countermeasures - The trade war initiated by Trump in April 2025 has led to ongoing tensions, with both cooperation and friction in various sectors [8][9] - The U.S. aims to reduce reliance on China by bringing manufacturing back home and exerting pressure [9] Nature of Countermeasures - China views economic relations as mutually beneficial and prefers negotiation over conflict, but is prepared to respond if provoked [10] - Recent rounds of talks have yielded some consensus, but underlying tensions remain due to the U.S.'s simultaneous imposition of new restrictions [12] Specific Countermeasures - China has announced export controls on rare earth materials and high-performance lithium batteries, effective December 1 and November 8 respectively [13][14] - A special port fee on U.S. vessels has been implemented as a direct response to U.S. tariffs on Chinese shipping [15] Impact of Countermeasures - China's export controls on rare earths could significantly impact the semiconductor supply chain, as these materials are crucial for production [16][17] - The U.S. relies heavily on Chinese imports for lithium-ion batteries, with 65% of such batteries for grid storage sourced from China [18] Future Developments - The U.S. is adjusting its stance, recognizing the potential for economic harm from escalating tariffs and restrictions [22] - Upcoming APEC meetings may provide a platform for de-escalation, with both sides seeking to avoid further deterioration of trade relations [22][23] Long-term Considerations - The ongoing trade tensions highlight the interdependence of the U.S. and China, with both economies unable to fully disengage without significant costs [27] - Technological innovation remains a critical battleground, with the U.S. attempting to stifle China's advancements through stricter controls [28] Conclusion - The relationship between the U.S. and China is characterized by a complex interplay of cooperation and conflict, with both sides recognizing the need for a balanced approach to avoid detrimental outcomes [34][36]

据悉，项目建成后将结合产业政策与区位优势，进一步激发厦门火炬高新区的经济活力，推动区域 新能源产业向集群化、高端化发展，为厦门市建设具有国际影响力的新型储能产业创新高地，加快打造 新能源产业创新之城，注入强劲动能。（岑思叶） 项目位于福建省厦门市，总建筑面积约为121万平方米。主要建设电芯厂房、电芯容量厂房模组厂 房、模组成品仓及配套用房等。项目将构建完整的锂电池生产及配套体系，为新质生产力发展蓄势赋 能，并为当地创造更多就业机会。 近日，福建厦门高性能锂电池基地建设项目正式启动，该项目由中建一局承建，中标额52亿，项目 建成后将进一步推动厦门市新能源产业链向前端延伸，助力打造全国重要的锂电产业基地。 ...

Core Viewpoint - The article highlights significant developments in the lithium battery industry, including new projects, partnerships, and regulatory changes that are shaping the market landscape. Group 1: Company Developments - The Sichuan Guang'an Green Health Chip Era lithium battery project has commenced trial production, with an expected output value of approximately 150 million yuan by the end of the year. The total investment for the project is 1 billion yuan, with a production capacity of 2 million lithium-ion batteries per day [2]. - BYD announced a new patent for a "wireless charging system, method, vehicle, and readable storage medium," achieving a comprehensive efficiency exceeding 95% for bidirectional energy flow between high-voltage power batteries and low-voltage vehicle devices [4]. - Del's subsidiary, Del New Energy Technology (Huzhou) Co., Ltd., has officially been established, marking a significant step for the company in the new energy sector [6]. - Zhongchuang Xinhang has commenced construction on a high-performance lithium battery project in Changzhou, with local government officials in attendance [8]. Group 2: Material Developments - CATL and Tianqi Lithium have jointly established a new company, Sichuan Muyunze Mining Co., Ltd., with a registered capital of 500 million yuan, where Tianqi holds a 60% stake and CATL holds 40% [10]. - Foshan Fusheng Technology Group Co., Ltd. has acquired equity in Hebei Jinli New Energy Technology Co., Ltd., as announced by the Guangdong Provincial Market Supervision Administration [12]. - A new regulation has been announced regarding the import management of recycled black powder for lithium-ion batteries, effective from August 1, 2025, aimed at promoting the recycling of resources [14]. - Yahua Group plans to transfer the equity of five subsidiaries involved in lithium business to its wholly-owned subsidiary, which will be renamed "Yahua Lithium Industry Group," to accelerate the development of its lithium business [15].

Group 1 - The core viewpoint of the articles highlights the increasing trade relations between Henan Province and Central Asian countries, particularly through the export of high-performance lithium batteries and agricultural products [1][2] - In the first five months of this year, the import and export volume between Henan Province and the five Central Asian countries reached 4.07 billion yuan, a year-on-year increase of 24.6% [1] - Exports to Kazakhstan amounted to 2.4 billion yuan, showing a significant growth of 31.2% compared to the previous year [1] Group 2 - The establishment of direct TIR transport routes has enhanced logistics capabilities, with six routes currently operational, serving nearly 30 export and import enterprises [2] - The types of goods transported include auto parts, electromechanical products, food, and daily necessities, indicating a diverse range of trade [2] - Zhengzhou Customs has implemented various facilitation measures for exports, particularly for new energy products, to improve customs efficiency [2]