Core Viewpoint - The State Council has issued implementation opinions to improve the national unified electricity market system, outlining key tasks for the next 5 to 10 years to adapt to new circumstances and requirements [1] Group 1: Market Development Goals - By the end of 2025, the market-based electricity trading volume in China is expected to reach 6.6 trillion kilowatt-hours, a sevenfold increase from 2015, accounting for 64% of total electricity consumption [1] - By 2030, the goal is to have all types of power sources and non-protected users directly participate in the electricity market, with market-based trading volume making up approximately 70% of total electricity consumption [2] - By 2035, the aim is to fully establish the national unified electricity market system, with further maturation of market functions and a steady increase in the proportion of market-based trading volume [2] Group 2: Key Tasks and Innovations - The implementation opinions outline 19 key tasks across five areas: optimizing national electricity resource allocation, improving market functions, promoting equal participation of various operators, establishing a unified market system, and enhancing policy coordination [2] - The opinions propose a shift from "individual pricing and trading" to "unified pricing and joint trading" among different market levels, exploring voluntary integration of adjacent provincial markets [3] - Specific measures are introduced to facilitate the participation of renewable energy in the market, including differentiated market entry paths for various renewable projects and international benchmarks for green electricity trading [3] Group 3: Participation of Private Enterprises - The opinions encourage the participation of private enterprises in the electricity market, particularly in new sectors like energy storage and virtual power plants, by promoting flexible market trading measures [3] - It is emphasized that all electricity users, except for protected users, should gradually participate directly in the electricity market [3] Group 4: Implementation and Coordination - The National Development and Reform Commission will coordinate the implementation of the opinions, enhance policy support, and address any bottlenecks to ensure effective execution of the measures [4] - There is a focus on mobilizing various operators and encouraging societal participation in the construction of the electricity market, adapting to the new electricity system and market-oriented direction [4]

平时不起眼的变压器成了稀缺资源。当前人工智能快速迭代、数据中心大规模建设，引发巨量电力需 求。受此影响，2025年以来，全球掀起中国变压器抢购潮，我国大量变压器工厂已经处于满产状态，其 中部分面向数据中心的业务订单排到2027年。当算力竞争进入深水区，中国电力装备正以不可替代的优 势，成为托举全球AI发展的"电力心脏"。 中国变压器产业崛起背后，有三大核心优势。 全产业链自主可控是根本底气。从最上游的铜和硅钢冶炼，到变压器的电磁线加工、铁芯制造与绝缘纸 板生产，中国已构建起全球最完整、最高效的变压器产业链。智能制造升级则让生产效率与品控水平跻 身国际前列，有效抵御全球供应链波动风险。 技术迭代与场景适配能力是核心竞争力。中国企业针对AI数据中心定制开发高功率、低损耗变压器， 探索研发固态变压器等转换效率极高的新型产品，同时还可适配风电、光伏等绿色能源的波动性，实 现"算力+绿电"深度融合，满足多元场景需求。 全球化布局则让中国变压器走向世界。不同国家和地区变压器型号不同，企业要想打开海外市场，需要 获取各个国家的资质，具备海外产能的公司更容易占领市场。中国头部变压器企业在海外布局生产基地 与运维中心，从产品出 ...

2月12日，央行发布公开市场买断式逆回购招标公告：为保持银行体系流动性充裕，2月13日，中国人民银行将以固定数 量、利率招标、多重价位中标方式开展10000亿元买断式逆回购操作，期限为6个月（182天）。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：安东 ...

各地已经安排20.5亿元资金，在9天假期内，通过发放消费券、补贴、红包等形式，直接惠及广大消费 者。 国务院新闻办公室于2月11日上午举行新闻发布会，商务部、文化和旅游部、金融监管总局、广电总 局、体育总局有关负责人介绍2026"乐购新春"春节特别活动、保障春节市场供应有关情况，并答记者 问。 625亿元国补资金就位 商务部会同国家发改委、财政部，拨出了首批625亿元国补资金，目前已经到达各地商务部门，在春节9 天假期内，将指导各地加大补贴投放，充分保障消费者按政策要求申领补贴。 50城开展有奖发票试点，春节9天假期奖金超10亿元 近期商务部、财政部、税务总局确定在50个城市开展有奖发票试点，半年实施期内将发放100亿奖补资 金。其中春节9天假期的奖金规模将超过10个亿。在试点城市购物、就餐、旅游、住宿等取得票面金额 在100元以上的发票均可参与抽奖。 人民银行、金融监管总局将指导金融机构、支付机构联合商家推出多种形式的"乐购新春"优惠措施，覆 盖机票酒店、美食餐饮、景点门票等多领域的消费场景。 20.5亿元"新春礼包"将在春节期间惠及消费者 今年春节假期，商务部联合9部门策划"乐购新春"春节特别活动。 1. ...

中国钢铁工业协会最新发布的数据显示，2025年，重点统计企业利润总额1151亿元，同比增长1.4倍， 其中钢铁主业盈利445亿元，实现扭亏为盈；平均利润率为1.9%，同比上升1.13个百分点。 "2025年，钢铁行业运行保持平稳，经济效益实现增长，行业运行质效提升。"中国钢铁工业协会轮值会 长赵民革日前表示，2021年，重点统计企业利润总额为3459亿元，达到历史最高水平，2022年—2024年 逐年下降，2024年为483亿元，比2021年下降86%，2025年由降转升。 展望2026年，赵民革表示，钢铁行业将深入实施"提质创品""能碳提效""数智转型"三大改造工程，继续 推进产能治理新机制、联合重组、"铁资源开发计划"与"钢铁应用拓展计划"，着力"控总量、优供给、 促平稳、增效益、推转型"，为实现钢铁工业"十五五"高质量发展开好局、起好步。 钢铁行业持续深化供给侧结构性改革，骨干企业主动适应需求变化，推动产品提质升级，向新向优态势 明显。"'十四五'时期，宝钢股份全球首发产品40余个、攻克标志性技术124项，申请发明专利达6505 件；科技创新效益逾150亿元，技术降本效益超100亿元，实现经济效益与效率 ...

Core Insights - The global demand for transformers has surged due to rapid advancements in artificial intelligence and large-scale data center construction, leading to a significant increase in electricity requirements [1][2] - China has become the world's largest transformer producer, accounting for approximately 60% of global production capacity, and is uniquely positioned to meet the growing demand with faster delivery times and lower production costs [2][3] Group 1: Market Demand - The AI computing competition has intensified, with regions like Europe, the Middle East, and North America accelerating the construction of large-scale data centers, resulting in exponential growth in electricity demand [2] - AI chips are highly sensitive to voltage fluctuations, necessitating high-power, low-loss, and highly reliable customized transformers for stable power supply [2] - The integration of renewable energy sources like wind and solar power into the grid further increases the demand for transformers that can adapt to intermittent and fluctuating power characteristics [2] Group 2: Supply Constraints - The transformer industry in Europe and North America has suffered from years of low demand and insufficient investment, leading to significant capacity shortages and long delivery times for large transformers [2] - In contrast, China's complete industrial chain and rapid response capabilities allow it to fulfill large-scale orders effectively, making it the only country capable of quickly responding to sudden demand surges [2][3] Group 3: Competitive Advantages - China has established a fully autonomous and efficient transformer industrial chain, from raw material processing to manufacturing, which enhances production efficiency and quality control [3] - Chinese companies are innovating by developing high-power, low-loss transformers tailored for AI data centers and exploring new products like solid-state transformers that can efficiently integrate with renewable energy [3] - Chinese transformer manufacturers are expanding globally, establishing production bases and service centers abroad, and transitioning from product export to integrated output of technology, standards, and services [3] Group 4: Strategic Implications - The global demand for Chinese transformers reflects the irreplaceability of Chinese manufacturing, driven by resilience in the industrial chain and continuous investment in technological innovation [4] - The intersection of energy and technology in the global computing competition underscores the importance of reliable power supply, with China's rise in the power equipment sector providing essential support for global digital transformation [4] - The challenge ahead is to convert this industrial advantage into sustainable technological competitiveness and to play a proactive role in the restructuring of global supply chains [4]

Group 1 - The core viewpoint emphasizes the importance of boosting consumption as a strategic initiative, with a focus on expanding domestic demand and creating a strong domestic market as a priority for economic work in 2026 [1] - Various local governments are implementing new consumer policies, such as trade-in programs for consumer goods and promoting unique cultural tourism projects, which have shown positive effects on consumption [1] - The central government has reiterated the need to integrate various policy effects to enhance residents' consumption motivation and leverage consumption as a fundamental driver of economic growth [1] Group 2 - There is a significant focus on enhancing policy support for durable consumer goods like electric vehicles and home appliances, which have shown notable short-term consumption boosts, although their long-term effectiveness may face diminishing returns [2] - To improve policy effectiveness and sustainability, it is suggested to expand subsidy coverage to include more smart products and service consumption, thereby optimizing consumption structure [2] - The need to strengthen the alignment between supply and demand is highlighted, addressing the current imbalance where strong supply does not meet weak demand, and promoting a virtuous cycle of domestic demand [3] Group 3 - Continuous improvement of residents' consumption capacity is essential, which can be achieved through optimized subsidy policies and enhanced supply of goods and services [3] - The relationship between industrial development, job creation, income increase, and stable expectations is crucial for enhancing consumption quality and expansion [3] - Emphasis is placed on the role of service consumption in extending the consumption chain and creating more job opportunities, leading to dual effects of industrial value addition and income growth for residents [3]

通过有效实施精准帮扶，我国守牢不发生规模性返贫致贫底线，为常态化帮扶奠定了坚实基 础。"十四五"以来，中央财政累计投入衔接推进乡村振兴补助资金8505亿元，832个脱贫县均培育形成 了2个至3个特色主导产业，总产值超1.7万亿元，脱贫地区产业发展水平持续提高、地区发展差距不断 缩小。脱贫人口务工就业规模连续5年稳定在3000万人以上，稳住了脱贫家庭三分之二以上的收入，脱 贫县农村居民人均可支配收入增速快于全国农民平均水平，稳定脱贫的基础越来越牢固。 习近平总书记指出，"要持续巩固拓展脱贫攻坚成果，把常态化帮扶纳入乡村振兴战略统筹实施， 守牢不发生规模性返贫致贫底线"。"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，也是过渡期结束后转向常态化帮扶的新阶段。要看到，我国农业农村现代化相对滞后，脱贫地 区的底子还比较薄，基础还比较弱，部分群众返贫致贫风险将长期存在。这就需要持续抓好常态化精准 帮扶，持续巩固拓展脱贫攻坚成果。 一是依托多部门共建共享常态化监测平台，进行精准监测和动态帮扶。发挥低收入人口动态监测信 息平台作用，构筑统一规范、精准识别、动态调整的常态化监测体系。依托全国一体化政务服 ...

把握新趋势新特点 随着新型城镇化深入推进，城市更新的重要作用更加凸显。从城镇化发展规律、人口结构变化、技 术升级趋势等方面入手，深刻把握城市发展的新趋势新特点，能够更好把脉居民消费升级需求、优化投 资布局和服务供给，进一步做好城市更新工作，为扩内需提供更为广阔的空间。 当前，城镇化正在从快速增长期转向稳定发展期，"摊大饼"式大规模扩张需求减弱，城市建设不再 追求拉大框架的增量拓展，而是追求精细高效的存量提质。目前，我国19个城市群承载了全国75%的人 口，贡献了85%左右的国内生产总值。随着城镇化率继续提高，越来越多的人口向城市群和都市圈集 聚，其规模经济和范围经济效应更加凸显，大规模存量更新和补齐短板弱项蕴藏着很大的需求潜力。据 测算，我国城镇化率每提高1个百分点，每年能拉动万亿元规模的新增投资需求、新增2000多亿元消费 需求。此外，人口流动趋势仍将持续较长时间，新落户农民工、新毕业大学生等"新市民"刚性住房需求 将持续释放，这就需要根据人口流动变化调整城市空间布局，提升城市内部空间集约化水平，推进基本 公共服务均等化和城市精细化治理。 顺应人口结构变化趋势，人民群众的消费需求更趋多样化、品质化，对城市人 ...

16元体验祛痘，听起来是不是像"天上掉馅饼"？可谁能想到，里面裹着的却是2.5万元贷款的"硬核 馅料"。全国消协智慧315平台数据显示，2024年3月至2026年1月，以低价体验为诱饵、强行推销高额服 务的套路频频上演，相关投诉扎堆，消费者平均涉诉金额高达3.4万元。当颜值经济成为消费市场的"香 饽饽"，这些暗藏的美丽陷阱，不仅刺痛了消费者，更侵蚀着整个行业的信任根基。 一些美容机构的套路可谓"步步为营、层层设陷"。从"16元体验""免费检测"等低价诱饵切入，再利 用"皮肤严重受损"等恐吓式诊断制造焦虑，甚至在消费者不知情的情况下，擅自操作手机办理贷款—— 这一整套流程环环相扣，精准拿捏了人们爱美又想省钱的心理，却严重侵犯了消费者的知情权与选择 权。更令人担忧的是，部分机构连基本资质都不具备，就敢开展一些属于医疗美容范畴的项目，既无专 业医师，也无合规设备，消费者的健康安全如同虚设。而与之配合的某些金融平台，也往往刻意隐瞒真 实贷款利率，使消费者在不知不觉中陷入高息债务漩涡。 爱美之心人皆有之，但变美的前提是安全与放心。当十几元的美好期待变成上万元的负债噩梦，受 损的不仅是消费者的权益，更是整个美容行业的健康 ...