上海计划绕过中国严密的防火墙——试图吸引外国投资。中国的防火长城是一个国家控制的互联网审查和监控系统，限制对外国网站的访问，限制在线内容，并监控国内的互联网活动。

Shanghai plans to bypass China's tight firewall - trying to attract foreign investment.China's Great Firewall is a state-controlled internet censorship and surveillance system that restricts access to foreign websites, limits online content, and monitors internet activity within the country.

美国对中国的关税：如果可以的话，请抓住我——渣打银行。没有立即宣布对中国征收关税，这表明特朗普2.0下的交易策略更加交易化。对中国的关税可能会逐步提高，以便就更广泛的问题进行谈判。

US tariffs on China: Catch me if you can – Standard Chartered.No immediate tariffs announced on China, signaling a more transactional strategy under Trump 2.0. Tariffs on China are likely to be raised more gradually to allow negotiations on broader issues.

中国10年期国债收益率升至1.66%左右，较前一交易日有所反弹，中国证监会公布了提振陷入困境的股市的措施。中国证监会宣布计划向股票注入大量资金，包括指示保险公司在2025年上半年向市场输送至少1000亿元人民币的长期资金。本周早些时候，中国还实施了改革，使养老金能够更多地投资于国内上市公司，进一步支持市场流动性。然而，在唐纳德·特朗普总统的关税威胁中，投资者仍然保持谨慎，其中包括从2月1日起对中国进口商品征收10%关税的计划。虽然拟议的关税远低于之前威胁的60%的税率，但它与特朗普早些时候作为当选总统的承诺相一致。

China's 10-year government bond yield rose to around 1.66%, rebounding from the previous session, as the China Securities Regulatory Commission unveiled measures to bolster the nation’s struggling equity markets. The CSRC announced plans to inject significant capital into stocks, including a directive for insurers to channel at least CNY 100 billion in long-term funds into the market during the first half of 2025. Earlier in the week, China also introduced reforms to enable pensions to invest more in domestically listed companies, further supporting market liquidity. However, investors remained cautious amid President Donald Trump's tariff threat, which included plans to impose a 10% tariff on Chinese imports starting February 1. While the proposed tariff is significantly lower than the previously threatened 60% rate, it aligns with Trump’s earlier pledge as president-elect.

在中国，上海综合指数周四上涨18点，涨幅0.56%。上海电气（9.99%）、中国光大（5.75%）和新中国人寿（5.67%）领涨。跌幅最大的是锦州港（-5.66%）、南瑞科技（-2.93%）和海通证券（-2.65%）。

In China, the Shangai Composite Index gained 18 points or 0.56 percent on Thursday. Gains were led by Shanghai Electric (9.99%), China Everbright (5.75%) and New China Life (5.67%). Biggest losers were Jinzhou Port (-5.66%), Nari Tech Develop (-2.93%) and Haitong Secur (-2.65%).