London Stock Exchange data show France's 5-year credit default swap (CDS) climbed above 100 bps for the first time since October 2012.

据英国《金融时报》梳理，美国总统特朗普重返白宫以来，在减税、移民管控、提高关税及放松能源和环保监管方面兑现了多项竞选承诺，但降低生活成本、缩小贸易逆差及避免海外战争等目标进展不及预期。 数据显示，美国9月通胀率升至3.7%，住房抵押贷款利率约7.4%，均高于特朗普此前设定的目标。尽管美国油气产量及出口达到纪录水平，中东战争仍推动汽油和电力价格上涨。贸易方面，高关税政策已落地，但贸易逆差未实现持续收窄。 移民政策是兑现程度较高的领域，8月非法越境人数降至8870人，较2023年12月约25万人的峰值大幅下降。不过，俄乌战争持续，美国又卷入伊朗战争，与特朗普避免海外冲突的承诺形成反差。整体来看，行政和立法措施推进较快，但经济与外交领域的结果性目标仍面临考验。

During the 14th Five-Year Plan (2021–25), China’s two-way investment ranked among the world’s largest: cumulative inward FDI exceeded $750 bln over five years, while non-financial outward direct investment surpassed $800 bln across nearly 190 countries and territories. Domestic consumption expanded—retail sales of consumer goods crossed RMB40 trillion and later RMB50 trillion—and external trade hit new highs, with goods trade exceeding $6 trln and services trade topping $1 trln.