Group 1 - The core viewpoint emphasizes the importance of developing emerging and future industries in China, highlighting their role in driving high-quality development and building a modern industrial system [1][2] - By the first three quarters of 2025, the added value of equipment manufacturing and high-tech manufacturing industries accounted for 35.9% and 16.7% of the total industrial added value, respectively [1] - The "14th Five-Year Plan" aims to cultivate over 60 national advanced manufacturing clusters in emerging industries and establish 23 national independent innovation demonstration zones [1] Group 2 - The development of emerging and future industries should adhere to a dual approach of innovation-driven and application-led strategies, focusing on both technological breakthroughs and market expansion [2] - A collaborative ecosystem involving government, industry, academia, and research is essential for the healthy development of these industries, requiring the integration of resources such as capital, talent, technology, and data [2] - Different regional strengths should be leveraged to create a coordinated future industry development framework, enhancing technological innovation in tech-rich areas and promoting industrial chain collaboration in regions with strong industrial foundations [2] Group 3 - Active participation in global future industry cooperation and integration into the global innovation network is crucial, while also respecting the natural development laws of industries [3] - It is important to recognize the new characteristics of emerging industries under the influence of new technologies and transformations, identifying obstacles and bottlenecks in their development [3] - Targeted policies and global cooperation should be implemented to promote the healthy development of these industries [3]

Core Viewpoint - The insurance industry in China has made significant progress in risk reduction since 2025, leveraging new technologies such as IoT and AI to enhance risk management capabilities and promote proactive risk mitigation [1][3]. Group 1: Achievements in Risk Management - The ability to identify risks has significantly improved through the integration of AI and smart remote sensing technologies, enabling precise monitoring of agricultural conditions and enhancing the efficiency of insurance underwriting and claims [1]. - Insurance companies are extending risk management practices along the industrial chain, proactively identifying and mitigating risks in key sectors such as energy and electricity [1]. - A multi-layered collaborative system is being established, connecting insurance companies with government agencies, technical institutions, and rescue forces to create a "risk co-governance ecosystem" [1]. Group 2: Challenges in Risk Reduction - The industry faces challenges related to standards, as the lack of unified industry standards hampers collaboration and efficiency in risk identification and service quality assessment [2]. - There are difficulties in building the necessary capabilities for risk reduction services, which are not part of traditional insurance business, leading to high costs and a dilemma between investment and capability [2]. - The insurance sector struggles with the perception of risk reduction services as mere marketing gimmicks, and there is a lack of a mature system to measure and monetize the value of preventive services [2]. Group 3: Trends Driving Risk Reduction - The increasing interconnectedness of the economy has led to the emergence of new risks, necessitating proactive risk reduction to avoid pricing difficulties and low-level development [3]. - The consequences of risks have intensified due to socio-economic development, with events like regional floods potentially causing compounded disasters beyond mere property damage [3]. - The modern emphasis on human life and health has shifted the insurance industry's focus from merely compensating losses to ensuring safety and well-being [3]. Group 4: Long-term Vision - In the long run, risk reduction is essential for transforming the insurance industry from a "cost center" to a "value creation center," enabling it to act as an economic stabilizer and a foundation for resilient societies [4][5].

Core Insights - AMD's CEO Lisa Su introduced the Helios rack-level platform at CES 2026, featuring the Venice CPU built on TSMC's 2nm process and the latest Instinct MI455X accelerator, set to launch later this year [1][2] - The next-generation Instinct MI500 accelerator is in development, also utilizing 2nm technology, expected to enhance AI performance by 1000 times compared to the MI300X launched in 2023 [1] - The global AI user base has surged from 1 million to over 1 billion since the launch of ChatGPT, with projections of 5 billion users in the next five years, necessitating a 100-fold increase in computing power to support advanced AI capabilities [1] Group 1 - The Helios platform is described as the best AI rack platform globally, developed in close collaboration with major clients, featuring liquid cooling and support from the Instinct MI455X accelerator, EPYC Venice CPU, and Pensando Vulcano NIC [2] - The MI455 series accelerators are revolutionary, achieving a tenfold performance increase over the MI355 launched six months prior, enabling developers to create larger models and more powerful applications [2] - AMD's data center product roadmap includes the Helios platform, the Instinct MI440X GPU designed for enterprise AI deployment, and the Instinct MI430X platform for precision-dependent autonomous AI and supercomputing solutions [2]

英伟达CEO黄仁勋5日宣布，最新Rubin平台AI芯片已进入量产，计算速度将是Blackwell平台倍数以上 增长，且成本更低，亚马逊AWS、微软、Google等云端服务供应商（CSP）最快下半年导入。 英伟达再推"地表最强AI芯片"，开启AI全新世代。法人看好，台积电、鸿海、广达及纬创等供应链将跟 著衝一波，2026年仍将是丰收的一年。 黄仁勋强调，Rubin打造的AI服务器与以往最大不同就是省去大量缆线，因此机壳也端出全新设计，让 组装一柜服务器的时间大幅缩短，若以10％的液冷AI服务器来计算，最短时间仅需五分钟。 面对AI泡沫言论，黄仁勋高喊："AI的竞赛已经开跑"，目前价值10万亿美元的传统科技市场正在大幅转 型，未来都将以AI为基础进行升级，"每个人都在努力迈向下一阶段"，预期AI计算模型及市场需求仍持 续爆炸性增长，使得AI基础建设市场呈现快速上升趋势，Rubin平台的问世将会替AI计算能力带来新一 代标准。 英伟达Rubin平台芯片由台积电以3nm独家操刀，并整合CoWoS先进封装制程。业界传出，台积电 CoWoS先进封装制程已经满到今年底，所有协力封测厂也开始全力支持，后续将有望同步受惠。 黄 ...

Core Viewpoint - Recent tax evasion cases involving "two high and one resource" (high energy consumption, high pollution, and resource-based) goods have been exposed by tax authorities in various regions of China, highlighting the need for stricter tax compliance and regulatory measures to promote high-quality development in export trade [1][2]. Group 1: Tax Evasion Cases - Tax authorities in regions such as Hubei, Hebei, Fujian, and Guangdong have revealed multiple cases of tax evasion related to the export of "two high and one resource" goods, where companies knowingly misreported taxable goods as exempt [1]. - Some companies refused to comply with tax payment obligations even after being notified by tax authorities, while others used complex layers of agency to obscure the actual parties involved in order to evade taxes [1][2]. Group 2: Impact on Market and Regulation - Tax evasion in the export of "two high and one resource" goods disrupts the normal market economy and encourages illegal practices among foreign trade enterprises, undermining fair competition [2]. - The collaboration between tax, police, customs, and foreign exchange management departments is essential for effective tax regulation and to guide businesses towards high-quality transformation [2][3]. Group 3: Specific Cases and Penalties - The tax authority in Handan, in collaboration with police and customs, uncovered a case involving a company that concealed taxable export income, resulting in a tax shortfall of 3.28 million yuan, leading to a total penalty of 5.51 million yuan [3]. - Another case in Foshan involved a company that falsely declared export income, resulting in a tax shortfall of 648,800 yuan, with penalties totaling 1.25 million yuan [3]. Group 4: Regulatory Improvements - The implementation of the "Internet Platform Enterprises Tax Information Reporting Regulations" allows tax authorities to access comprehensive seller data, addressing previous issues of information asymmetry and making it difficult for companies to evade tax obligations [4].

Group 1: TV Panel Market Outlook - TrendForce forecasts an increase in TV panel prices in January, driven by stronger procurement from TV brands, marking a positive start for 2026 [1] - After two months of price declines and a stabilization in December, the TV panel prices are expected to rise, benefiting manufacturers like AUO and Innolux [1] - The demand for TV panels is anticipated to remain stable due to strong purchasing momentum from certain TV brands, allowing panel manufacturers to maintain high utilization rates [1] Group 2: Price Predictions and Market Dynamics - TrendForce predicts that TV panel prices will increase by $1 across various sizes, including 32-inch, 43-inch, 55-inch, and 65-inch panels in January [1] - Innolux's chairman expressed optimism about the panel price and volume trends, expecting a strong start to 2026, particularly in TV demand [1] - AUO's chairman also anticipates an improvement in market conditions, driven by a replacement wave of old TVs and upcoming major events like the Winter Olympics and World Cup, which are expected to boost demand for large-sized TVs [1] Group 3: Small to Medium-Sized Panel Market - The demand for LCD monitor panels in January is expected to remain weak due to seasonal cycles, but manufacturers are committed to maintaining stable prices [2] - The anticipated rise in TV panel prices is expected to stimulate demand for LCD monitor panels, with potential price increases in the coming months [2] - The notebook panel market is experiencing a decline in demand due to previous overstocking and rising component prices, leading to a downward trend in January panel prices [2]

更具前瞻性的是，会谈明确了中韩经济合作的新兴领域。人工智能、绿色产业和银发经济等新兴领域， 成为打造更多合作成果的重点方向。这反映出中韩经济合作正从传统的制造业和贸易领域，向高技术、 可持续和民生服务领域转型升级。在这些新兴领域加强合作，不仅能够为两国经济注入新的增长动能， 提升在全球价值链中的地位，也体现了中韩两国在引领未来产业发展方面的共同担当。 在当前全球地缘政治和经济格局深刻调整的背景下，两国元首通过互访和会面，体现了双方对维护和发 展双边关系的共同意愿。中方提出"牢牢把握友好合作方向，秉持互利共赢宗旨"，这是切实增进两国人 民福祉、为地区乃至世界和平与发展正向赋能的必然选择。 中韩两国在历史长河中积累了深厚的文化智慧，这为处理当代双边关系提供了宝贵的哲学指引。中方特 别强调了"以和为贵"和"和而不同"的优良传统，指出中韩两国超越了社会制度和意识形态的差异，实现 了相互成就、共同发展。这一论断深刻揭示了中韩关系能够持续发展的内在逻辑。在新的历史时期，双 方应延续这一传统，不断增进互信，核心在于"尊重各自选择的发展道路，照顾彼此核心利益和重大关 切"，并坚持通过对话协商妥善解决分歧。这是确保双边关系不受 ...

Core Insights - The "15th Five-Year Plan" emphasizes the cultivation and expansion of emerging and future industries, aiming to create new pillar industries and strategically position future industries for growth [1] Group 1: Emerging Industries - During the "14th Five-Year Plan," China's emerging industries accelerated development, forming significant scale effects with several trillion-yuan market opportunities emerging by 2025 [2] - The commercial aerospace industry is on the verge of explosion, with advancements such as the successful launch of the Zhuque-3 rocket and accelerated deployment of satellite internet constellations [2] - The low-altitude economy is entering a commercial phase, marked by the issuance of operational certificates for manned civil unmanned aerial vehicles and the promotion of typical application scenarios by the Ministry of Transport [2] - New materials are crucial for breakthroughs in aerospace performance, with innovations in high-strength stainless steel and carbon fiber composites being utilized in key projects [2] Group 2: Energy Transition - China's energy transition has accelerated, establishing the world's largest power infrastructure and renewable energy systems, with plans to increase the share of renewable energy significantly by 2026 [3] - The "15th Five-Year Plan" aims to enhance emerging pillar industries, focusing on innovation in sectors like renewable energy, new materials, aerospace, and low-altitude economy [3] Group 3: Future Industries - Rapid advancements in future industries such as artificial intelligence, quantum information, and biomanufacturing have been noted, with significant breakthroughs achieved during the "14th Five-Year Plan" [4] - The development of 6G technology is prioritized, with expectations for commercial applications to begin around 2030, indicating a deep integration with AI [4][5] - Future industries are characterized by their potential to create new demands and economic forms, with quantum technology and nuclear fusion energy expected to play pivotal roles [6] Group 4: Market Opportunities and Challenges - Emerging industries are entering a rapid growth phase, with key scenarios being validated and replicable business models established, while future industries are still in the exploratory phase [7] - The uncertainty in future industries stems from both technological and commercial aspects, requiring significant R&D investment and policy support [8] - The collaboration between emerging and future industries is essential for driving new economic engines, with a focus on innovation and long-term value creation [9]

新时代以来，以习近平同志为核心的党中央面对严峻复杂的国际环境和艰巨繁重的国内改革发展稳定任 务，在运用马克思主义政治经济学基本原理指导新时代经济发展的实践中，创造性提出了一系列新理念 新思想新战略，形成并丰富发展了习近平经济思想。为深化对这一重要思想的宣传研究阐释，经济日报 社已连续5年举办习近平经济思想研究征文活动，编辑出版学思践悟习近平经济思想丛书。新出版的第 四套丛书包括《习近平经济思想研究文集（2024）》和《践行习近平经济思想调研文集（2024）》，前 者对习近平经济思想进行理论阐释，后者生动呈现各地各行各业贯彻落实习近平经济思想的丰富实践， 为进一步深化体系化学理化研究、讲好新时代中国经济高质量发展故事，发挥了重要作用。 "十五五"时期是基本实现社会主义现代化夯实基础、全面发力的关键时期。认真阅读学习学思践悟习近 平经济思想丛书，不仅可以使我们更好领会习近平经济思想的理论内涵，感受其实践伟力，也可以使我 们把理论和实践的认知统一到党中央擘画的"十五五"发展蓝图中，保持战略定力、增强必胜信心，以历 史主动精神克难关、战风险、迎挑战，不断开创高质量发展新局面。 （作者系北京市习近平新时代中国特色社会主 ...

Group 1: Economic Policy and Strategy - The central economic work conference in December 2025 emphasizes the need for a more proactive fiscal policy to support economic work this year, maintaining necessary fiscal deficits, total debt scale, and expenditure levels while optimizing fiscal expenditure structure and regulating tax incentives and subsidies [1] - Current economic operations in China are generally stable, with domestic demand continuing to support economic development, although consumption and investment growth have slowed in recent months, indicating that the potential of domestic demand has not been fully released [1] - The strategy to boost domestic demand should combine consumption promotion with improving people's livelihoods, enhancing the intrinsic motivation for consumption through precise and effective fiscal measures [1] Group 2: Investment and Growth - The focus on stabilizing growth through effective investment is crucial for enhancing economic growth momentum and supporting the development of the real economy, despite facing downward pressure in the investment sector [2] - Policies are being implemented to promote consumption, expand effective investment, and encourage large-scale application of new scenarios, which are expected to build consensus and boost confidence [2] - Investment strategies should combine investments in physical assets with human capital, advancing urban renewal and effectively utilizing various government bond funds to support major projects and stimulate overall investment [2] Group 3: Social Welfare and Public Services - The aim of precise policies is to ensure that the benefits of fiscal policies reach grassroots levels and improve the well-being of the population, which in turn enhances consumption willingness and expands investment space [3] - Increased investment in the fields of employment, education, healthcare, and elderly care is essential to improve the social security system and public service supply levels, alleviating concerns for consumers [3] - Expanding domestic demand is a strategic foundation for addressing risks and challenges, while stabilizing growth is a necessary requirement for achieving high-quality development, with a focus on improving people's livelihoods being a priority for fiscal work [3]