法治化营商环境是经营主体的发展基石，更是推动经济实现质的有效提升和量的合理增长的重要支 撑。中央经济工作会议明确提出，营造良好营商环境。这是以法治化保障推动全国统一大市场建设、以 高水平开放塑造国际合作与竞争新优势的关键抓手，标志着营商环境工作已从政策驱动迈向系统集成、 从局部突破迈向整体跃升的阶段。 与新加坡、德国等主要依靠市场驱动的模式不同，我国近年来努力推动公平竞争审查等基础制度的 统一实施。通过"一网通办""跨省通办"等数字化手段，政府效能显著提升，北京、上海等地政务服务网 上可办率超过95%，企业办事效率大幅提高。同时，营商环境建设深度嵌入高质量发展全局，与产业政 策、区域战略协同推进，彰显出法治先行、协同发展的治理逻辑。然而，地方保护、差别化补贴等隐性 壁垒仍未根除，涉企司法保障存在短板，基层政务服务效能不均、政策落地"最后一公里"梗阻等现象依 然存在，制约着经营主体的信心与预期。对此，应从顶层设计、司法与服务等方面协同发力，构建"框 架—支柱—桥梁"有机统一的现代化法治营商环境支撑体系。 强化顶层设计与规则统一。加快推动《公平竞争审查条例》《市场准入负面清单(2025年版)》等关 键制度的配套细 ...

这有利于创新资源要素配置方式。传统技术转化一般始于实验室环境，按照先研发、后转化的线性 模式，研发与应用往往难以贯通。场景作为一种新型资源，以真实市场需求为导向、以具体的应用环境 为起点，能够反向牵引技术优化、加快技术迭代速度，使人才、资本、数据等各类资源要素精准投向有 实际价值的领域，促进各类要素形成高效协同的组合模式。通过场景培育和开放，既能引导资源要素向 战略性新兴产业和未来产业集聚，又能切实用好我国超大规模市场和丰富应用场景优势，使海量场景资 源更好促进新技术、新产品、新业态、新模式持续涌现。 这有利于推动科技创新和产业创新深度融合。技术创新是新产业新业态孕育发展的关键，但科技成 果能否真正转化、实现产业化发展，还需在市场应用中进行实践和检验。场景能使跨行业、跨领域的各 类技术在一个具体情境中深度融合，将创新要素、用户需求和应用环境有机结合。通过场景培育和开 放，不仅可以挖掘各类技术在单一技术条件下难以获得的技术创新成果，而且能为技术创新提供试验空 间、需求牵引和应用验证，有效助力培育和发展新质生产力。 这有利于增强市场制度的包容性、适应性。促进新业态新领域健康发展，是当前经济工作的一项重 点任务，但 ...

Core Viewpoint - Rural revitalization is a significant task for the great rejuvenation of the Chinese nation, with Jinggangshan serving as a vibrant window to observe the practice of Chinese-style modernization in rural areas [1] Group 1: Jinggangshan's Development Path - Jinggangshan has transitioned from being a poverty-stricken area to a model for rural revitalization, showcasing the practical application of Chinese-style modernization theories at the grassroots level [1] - The core value of Jinggangshan's approach lies in its "precise policy implementation methodology" and "resource integration capability tailored to local conditions," addressing the question of "what to do after poverty alleviation" through deepened reform and innovation [1] Group 2: Strategies for Rural Revitalization - The establishment of a modern industrial system that integrates "red" (revolutionary heritage) and "green" (ecological sustainability) development is a key strategy, which includes innovative organizational mechanisms that connect farmers to broader markets [1] - The strategy involves reshaping the brand system to transform resource advantages into developmental advantages, promoting a unified regional public brand of "Jinggangshan" and enhancing cultural tourism integration [1] - Strengthening Party leadership is emphasized to convert "spiritual strength" into "governance effectiveness," ensuring that farmers not only improve their economic status but also enhance their cultural and intellectual development [1] Group 3: Differentiated Revitalization Paths - The experience of Jinggangshan suggests the importance of "precise and pragmatic" strategies, advocating for a "classification method" for rural areas to avoid a one-size-fits-all approach [2] - For villages rich in cultural tourism and ecological resources, the focus should be on strengthening the tourism industry and establishing mechanisms for ecological compensation to achieve sustainable development [2] - The need to promote "two-way flow" between urban and rural areas is highlighted, aiming to reduce the opportunity cost for talent moving to rural areas and making them hubs for urban innovation elements [2] Group 4: Institutional Optimization - To advance rural modernization, a robust institutional framework is necessary, characterized by strong risk resistance, clear property rights, and efficient governance [2] - Encouraging a diversified economic system and new business models, such as courtyard and cloud economies, is essential for enhancing development resilience [2] - Deepening property rights reform to grant farmers substantial rights is crucial for motivating their participation in rural revitalization efforts [2]

2025年，美股市场科技板块在宽松货币政策与人工智能(AI)叙事强化的推动下不断上涨，但2026年 开年以来，投资者既担忧AI泡沫破裂，又害怕错失AI热潮后期的上涨机会，这种矛盾心态令市场波动 性上升。2026年，在美联储政策分歧加剧、中期选举临近等因素作用下，美国科技股高波动态势可能进 一步加剧。 有分析认为，市场开始担忧AI投资预期与盈利兑现能力之间的巨大差距。2025年，美国科技股"七 巨头"占标普500总市值比重已超过36%，贡献了2023年以来市值扩张的近50%。然而，高度集中的市场 结构面临的问题也同样明显。一方面，有机构预测，美国科技股"七巨头"的资本开支增速预计从2025年 的48.8%大幅降至2026年的18.8%，2027年可能进一步降至6.0%，增长动能正迅速衰减，若AI应用落地 或技术突破不及预期，高估值难以维持，可能触发深度回调；另一方面，AI商业模式的盈利路径依旧 模糊。有调研显示，近80%部署AI的企业未能实现净利润提升，95%的生成式AI试点项目没有带来直接 财务回报，投入与产出的失衡越来越明显。 科技巨头为支撑AI投入而增加的债务风险也在不断放大。高盛数据显示，AI相关借贷目 ...

Core Insights - China's grain production reached a historical high of 14.2975 trillion jin in 2025, marking a 1.2% increase from the previous year, reinforcing the country's agricultural production capacity and food security [2] - The agricultural sector has maintained a steady and positive momentum, contributing to high-quality economic and social development [1] Group 1: Grain Production - In 2025, the national grain yield was 14,297.5 billion jin, an increase of 167.5 billion jin from the previous year, with a per mu yield of 399.1 kg, up by 1.1% [2] - Despite adverse weather conditions in some regions, favorable climatic conditions in most agricultural areas supported crop growth and yield [2] - High-standard farmland construction has been prioritized, with quality assurance measures enhancing farmer satisfaction [2] Group 2: Agricultural Technology - Agricultural technology support has strengthened, with over 95% of crop varieties being independently bred, and domestic seed sources for livestock and aquaculture exceeding 80% and 85% respectively [4] - The introduction of new agricultural machinery and technology has broken foreign monopolies, enhancing productivity in hilly and mountainous areas [4] Group 3: Smart Agriculture - The development of smart agriculture is a key focus, with the implementation of 14 standards and the promotion of AI technologies in agriculture [5] - Various innovative agricultural technologies, such as robotic systems for pest control and crop monitoring, have been showcased to enhance agricultural efficiency [5] Group 4: Rural Industry Development - The rural industry is evolving with a focus on deep processing of agricultural products, aiming to increase processing rates and shift from raw material sales to product and service sales [6] - By 2025, over 100,000 large-scale agricultural processing enterprises are expected to generate approximately 18 trillion yuan in revenue [6] - The cultivation of rural industry leaders has led to the establishment of over 180 industrial clusters with outputs exceeding 10 billion yuan [6] Group 5: Regional Development Initiatives - Local governments are actively developing unique rural resources and optimizing industrial structures, with significant investments in specialized agricultural towns [7] - Green and brand-oriented strategies are emphasized to enhance agricultural quality and efficiency, with a focus on sustainable practices and brand building [7]

Core Viewpoint - The innovative use of waste heat from garbage incineration in Tianjin's Dongli District demonstrates the potential for transforming waste into a sustainable heating source, significantly reducing heating costs and providing a new pathway for urban heating solutions [1][2][3] Group 1: Current Heating Challenges - Urban heating demand is increasing due to rapid urbanization and extreme weather, with traditional heating methods relying heavily on coal and natural gas, which have drawbacks such as price volatility and environmental impact [1] - The reliance on fossil fuels exacerbates air pollution and increases the likelihood of smog in northern regions during winter [1] Group 2: Potential of Waste Heat Utilization - China possesses abundant waste heat resources, with over 300,000 kilowatt thermal power units capable of meeting significant urban heating needs, particularly from steel, chemical, and waste incineration plants [2] - Exploring diverse heating sources is essential for alleviating supply-demand conflicts and promoting energy recycling and green transformation [2] Group 3: Implementation Strategies - Successful implementation of waste heat heating requires breakthroughs in technology, mechanisms, and collaboration [2] - Technological advancements include improving waste heat recovery and delivery systems, such as retrofitting heat boilers and developing efficient heat pump systems [2] - Mechanism innovation is crucial for balancing interests among government, enterprises, and residents, including simplifying approval processes and ensuring fair pricing [2] - Cross-departmental collaboration is necessary to address construction challenges and ensure efficient delivery of heating to residents [2] Group 4: Long-term Significance - The innovative waste heat heating approach not only saves costs and protects the environment but also serves as a replicable model for urban resource recycling [3] - Future developments may integrate waste heat with renewable energy sources like geothermal and solar energy, creating a complementary heating system [3] - Continuous technological advancements and collaborative efforts will enhance heating efficiency and contribute to sustainable urban development [3]

Group 1 - The central economic work conference emphasizes the need for financial institutions to support key areas such as expanding domestic demand, technological innovation, and small and micro enterprises [1][2] - The conference prioritizes the construction of a strong domestic market and the implementation of consumption-boosting actions, alongside plans for increasing urban and rural residents' income [2][5] - Financial institutions are encouraged to enhance credit support measures to stimulate consumption and expand domestic demand, with specific initiatives from major banks like China Construction Bank and Bank of China [2][3] Group 2 - Financial institutions have rapidly responded to consumption promotion policies by increasing credit issuance and innovating service models, with Industrial and Commercial Bank of China issuing nearly 100 billion yuan in personal consumption loans since the policy's implementation [3] - Ping An Bank issued the first floating-rate technology innovation bond linked to the loan market rate, raising 6.5 billion yuan for technology loans, reflecting a commitment to support technological innovation [4] - The financial "five major articles" initiative has led to significant loan balances, with a total of 105.6 trillion yuan, representing 38.7% of all loans, and a year-on-year growth rate of 13.2%, surpassing the average growth rate of all loans [6]

Core Insights - The national carbon market in China has achieved stable operation and is seen as a crucial policy tool for addressing climate change and promoting a green economic transition [1][7] - By the end of 2025, the cumulative trading volume of carbon allowances is expected to reach 865 million tons, with a total transaction value of 57.663 billion yuan [1] - The market has shown significant growth, with a 24% year-on-year increase in trading volume in 2025, reaching 235 million tons and a transaction value of 14.63 billion yuan [2] Market Expansion - In 2025, 3,378 key emission units will be included in the national carbon market, covering industries such as power generation, steel, cement, and aluminum smelting [2] - The average trading price for carbon allowances in 2025 was 62.36 yuan per ton, with a year-end closing price of 74.63 yuan per ton [2] - The Shanghai carbon market has successfully included over 400 enterprises and more than 1,800 investment institutions across 28 industries, being the first to include the aviation sector and the only one to include the shipping sector [2] System Innovation and Optimization - China's new Nationally Determined Contribution (NDC) targets aim for a 7% to 10% reduction in greenhouse gas emissions by 2035 from peak levels, providing a roadmap for the next decade [4] - The release of the "Opinions on Promoting Green and Low-Carbon Transition" marks a significant step in advancing the carbon market, indicating a phase of deepening and accelerating development [4] - Experts suggest establishing a comprehensive quota allocation scheme aligned with national carbon reduction goals to enhance the carbon market's effectiveness [5] International Cooperation - A memorandum of understanding was signed between the Beijing Green Exchange and the Singapore Metaverse Green Exchange to facilitate cross-border carbon credit technology integration [6] - China's carbon market is recognized internationally for its effective design and innovation, contributing to global carbon reduction efforts and providing valuable experience for emerging economies [7] - The Ministry of Ecology and Environment is actively exploring cross-border carbon trading and aims to establish management systems for such transactions [7]

■12日，中国机电商会发布关于中欧通过对话磋商妥善解决电动汽车反补贴案达成积极成果的声明。中 欧双方经过多轮磋商，成功推动该案实现"软着陆"。 ■据南京海关消息，2025年上合组织（连云港）国际物流园持续提升物流中转基地功能，全年完成物流 量8435.88万吨，同比增长13.52%，集装箱运量67.7万标箱，同比增长4.48%，均创历史新高。 ■国际标准化组织（ISO）正式发布《滑动轴承 轴承材料摩擦学特性试验 第1部分：轴承合金材料试 验》国际标准。该标准由我国牵头，日本、德国、英国、法国、奥地利等7国专家共同参与制定。 ■当地时间11日，美联储主席鲍威尔证实，美国司法部已向美联储发出传票，并威胁要就他关于美联储 大楼翻修的证词提起刑事指控。 ■中共中央总书记、国家主席、中央军委主席习近平12日上午在中国共产党第二十届中央纪律检查委员 会第五次全体会议上发表重要讲话。 ■12日，国家发展改革委等4部门联合发布《关于加强政府投资基金布局规划和投向指导的工作办 法》，首次在国家层面对政府投资基金的布局和投向作出系统规范。 ■市场监管总局统计，2025年，国家标准全文可免费下载数量从1500多项增加到32000多 ...

Group 1 - The article emphasizes the acceleration of global changes and the need for China to enhance its international technological innovation centers in Beijing, Shanghai, and the Guangdong-Hong Kong-Macao Greater Bay Area to support national development and security [1][2] - The construction of these centers aims to create original innovation sources and promote industrial upgrades, with a focus on establishing a globally influential technological innovation ecosystem [1][2][3] Group 2 - Significant achievements have been made in the construction of international technological innovation centers, with China ranking first in the number of global top 100 innovation clusters for three consecutive years, and the Shenzhen-Hong Kong-Guangzhou cluster leading globally [2][3] - Each of the three centers has unique strengths: Beijing excels in basic research and original innovation, Shanghai focuses on creating a competitive open innovation ecosystem, and the Greater Bay Area leverages its reform and opening-up advantages to enhance technology transfer capabilities [3][4] Group 3 - The expansion of international technological innovation centers is necessary to address challenges such as insufficient spatial capacity and incomplete innovation chains, shifting from single-city models to collaborative urban clusters [4][5] - The new approach emphasizes system collaboration, comprehensive innovation capabilities, and national strategic alignment, aiming to enhance the overall efficiency and security of the national innovation system [5][6] Group 4 - The article outlines specific strategies for each region: Beijing should strengthen original innovation and enhance global influence, the Yangtze River Delta should focus on integrating systems and optimizing innovation roles, and the Greater Bay Area should enhance international connectivity and open innovation advantages [7][8][9]