纽币/人民币 (NZDCNY) 加自选

评级机构标准普尔全球周四确认，中国的长期、短期和本币主权信用评级为A+，并指出在房地产行业持续面临挑战和关税压力的情况下，强有力的财政刺激是保持经济韧性的关键因素。该机构还将中国的前景维持在“稳定”。标普在一份声明中表示：“长期主权信用评级的稳定前景反映了我们的观点，即中国将在未来一到两年内恢复到每年4%或更高的自我维持的经济增长。”。标普补充称，如果预计中国政府在未来三到五年内将实施更大规模的财政刺激，它可能会降低中国的评级。相反，如果财政整顿的进展速度超过预期，评级可能会提高。相比之下，穆迪上一次将中国评级为A1，展望为负面，而DBRS晨星评级为a，展望为稳定。

Ratings agency S&P Global on Thursday affirmed China’s long-term, short-term, and local currency sovereign credit rating at A+, citing strong fiscal stimulus as a key factor in maintaining economic resilience amid ongoing challenges in the property sector and from tariff pressures. The agency also maintained the country’s outlook at “stable.” “The stable outlook on the long-term sovereign credit rating reflects our view that China will return to self-sustaining economic growth of 4% or more annually over the next one to two years,” S&P said in a statement. S&P added that it could lower China’s rating if it expects the government to implement significantly larger fiscal stimulus over the next three to five years. Conversely, the rating may be raised if fiscal consolidation proceeds faster than anticipated. In comparison, Moody’s last rated China at A1 with a negative outlook, while DBRS Morningstar assigned an A rating with a stable outlook.

周五早盘，新西兰元50指数下跌18点，跌幅0.1%，至12867点，此前一个月基本持平，受医疗保健、工业和通信服务拖累。在特朗普总统决定对印度进口商品征收额外25%的关税后，有迹象表明贸易紧张局势再次出现，交易员继续关注美国贸易关税政策的发展。在新西兰主要贸易伙伴中国周六公布消费者价格和生产者价格之前，人们也越来越谨慎。市场预计，在内地需求持续疲软的情况下，CPI将恢复下降。包括零售销售和工业生产在内的一系列中国数据将于下周公布。早期下跌的包括新西兰南港（-3.0%）、斐雪派克（-1.2%）和澳新银行集团（-0.8%）。然而，该指数仍有望每周上涨1.2%，这是三周来的首次上涨，因为人们希望在即将举行的新西兰联储会议上降息。

The NZX 50 dropped 18 points, or 0.1%, to 12,867 in morning trade on Friday, after remaining nearly flat over the previous month, weighed down by healthcare, industrials, and communication services. Traders continued to monitor developments in US trade tariff policy amid signs of renewed trade tensions, following President Trump’s decision to impose an additional 25% tariff on Indian imports. Caution also grew ahead of the release of consumer and producer prices in China — New Zealand’s main trading partner — due on Saturday. Markets expect the CPI to return to decline amid continued weak demand in the mainland. A slew of data from China, including retail sales and industrial production, is set to be announced next week. Among early losers were South Port NZ (-3.0%), Fisher & Paykel (-1.2%), and ANZ Group (-0.8%). However, the index remains on track for a 1.2% weekly gain — its first rise in three weeks — amid hopes of interest rate cuts at the upcoming RBNZ meeting.

商务部长Lutnick：美国可能会将中国的最后期限延长90天。商务部长Lutnick表示；预计中国的最后期限将再延长90天。重申特朗普不会对在美国制造的半导体向科技公司征收关税。

Commerse Sec. Lutnick: US likely to extend China deadline by 90 days.Commerce Sec. Lutnick is saying; expects the China deadline to be extended another 90 days Reiterates that Trump will not charge tech companies a tariff on semiconductors if they are manufactured in the US.

周四，上证综指上涨0.16%，收于3640点，而深证成分股下跌0.18%，收于11158点。随着投资者消化了强于预期的贸易数据以及地缘政治紧张局势的加剧，内地股市表现喜忧参半。7月出口增长大幅超出预期，这是由于企业在8月美国关税最后期限到来之前提前装运货物。进口也升至一年来的最高水平，表明国内需求有所回升。本周早些时候，美国总统唐纳德·特朗普表示，延长将于8月12日到期的当前美中贸易休战的协议“非常接近”。然而，在他对进口半导体（不包括在美国制造的公司）征收100%的关税，并因俄罗斯持续购买石油而将印度商品的关税提高一倍至50%后，紧张局势再次爆发。中国北方稀土（+6%）、富士康工业（+3.9%）和盛和资源（+7.4%）等涨幅较大。

The Shanghai Composite rose 0.16% to close at 3,640 while the Shenzhen Component fell 0.18% to 11,158 on Thursday, with mainland stocks showing mixed performances as investors digested stronger-than-expected trade data alongside renewed geopolitical tensions. July export growth sharply beat expectations, driven by firms front-loading shipments ahead of the looming US tariff deadline in August. Imports also rose to their highest level in a year, signaling a pickup in domestic demand. Earlier this week, US President Donald Trump said a deal to extend the current US-China trade truce, set to expire on August 12, was “very close.” However, tensions flared again after he imposed a 100% tariff on imported semiconductors—excluding companies manufacturing in the US—and doubled tariffs on Indian goods to 50% due to ongoing Russian oil purchases. Among notable gainers were China Northern Rare Earth (+6%), Foxconn Industrial (+3.9%), and Shenghe Resources (+7.4%).