英伟达扩大投资布局，加码注资数据中心营运商CoreWeave公司20亿美元，盼借此在2030年前加速新增 逾5GW（10亿瓦）AI计算能力。 去年挂牌上市的CoreWeave是所谓的"新云端"（neocloud）业者，即AI服务使用的专业云端计算供应 商。获得英伟达投资将强化CoreWeave财务，有助于舒缓该公司砸大钱在数据中心引发的忧虑。 在这次新增投资前，英伟达是CoreWeave第四大股东，持股比重约6%，英伟达先前也宣布2032年前向 CoreWeavw采购60多亿美元服务。 根据两家公司1月26日声明，英伟达已以每股87.2美元，买进CoreWeave A股普通股，CoreWeave将成首 批部署英伟达即将出货产品的客户之一，这些产品包括储存系统与Vera中央处理器（CPU）。 英伟达CEO黄仁勋受访时说："这笔投资形同对CoreWeave增长、管理与商业模式投下信任票。"他强 调，这项合作关係本身较聚焦于整合两家公司的工程心血，以及让计算能力上线。 CoreWeave股价1月26日早盘飙涨14%。CoreWeave有"英伟达亲儿子"之誉，法人看好，英伟达与 CoreWeave的关系随着资本投资增 ...

Group 1 - The semiconductor industry is expected to experience a price increase, with IC design firms like MediaTek indicating plans to adjust prices in response to rising costs [1] - The price increase trend in the IC design sector is anticipated to become clearer after the Lunar New Year, with power management ICs likely being the first to raise prices [1] - Metal prices are rising, prompting IC design firms to consider price adjustments to maintain profit margins, as packaging and testing firms have already raised their quotes by 8% to 15% [1] Group 2 - China's leading foundry, SMIC, has reportedly increased some capacity quotes by approximately 10% [2] - Taiwanese firms are also raising prices in both advanced and mature processes, with World Advanced rumored to have made adjustments, although they are currently in a quiet period [3] - IC manufacturers are weighing two strategies: raising prices in line with rising costs or holding off to gain market share, with potential price adjustments based on competitor actions [3]

Core Viewpoint - The announcement details a debt transfer arrangement between Industrial and Commercial Bank of China Shenzhen Branch and China Cinda Asset Management Co., Ltd. Shenzhen Branch, correcting specific debt information from a previous notice [1] Group 1: Debt Transfer Arrangement - The debt transfer arrangement was published on January 16, 2026, in the Economic Daily [1] - The announcement includes a correction of the debt situation for specific borrowers listed in the original notice [1] Group 2: Borrower and Guarantor Information - The first borrower, Shenzhen Linzhuyuan Landscaping Co., Ltd., has a principal amount of 1,189,495,430.07 yuan and interest of 116,609,956.04 yuan, with multiple guarantors [1] - The second borrower, Shenzhen United Paper Co., Ltd., has a principal amount of 363,099,993.6 yuan and interest of 37,560,662.08 yuan, also with multiple guarantors [1] - The fifth borrower, Shenzhen Shengfeng Jewelry Co., Ltd., has a principal amount of 111,264,825.73 yuan and interest of 5,249,163.59 yuan, with various guarantors listed [1]

位于大连长兴岛的恒力重工船坞造船现场。 孙鹏伟摄（中经视觉） 日前，辽宁省大连市政府新闻办公室举行新闻发布会，发布了2025年全市经济运行情况。根据辽宁省地区生 产总值统一核算结果：2025年，大连全市地区生产总值10002.1亿元，按不变价格计算，同比增长5.7%。由 此，大连成为东北首座GDP破万亿元城市。分产业看，第一产业增加值665.4亿元，增长3.6%；第二产业增加 值3532.5亿元，增长7.7%；第三产业增加值5804.2亿元，增长4.8%。船舶制造等传统产业转型升级，半导体 等新兴产业突破重围，文体旅商融合带动，成为大连地区生产总值突破万亿元的核心驱动力。同时，大连依 然存在着发展中的瓶颈和不足，亟待进一步突破，更好地推动经济高质量发展。 提供转型样本 1月6日，在大连长兴岛，由恒力重工3号船坞建造的6艘8.2万载重吨散货船同日出坞，该吨级散货船同坞建 造、同日出坞。2025年12月22日，位于大连市西岗区的中船大连造船为招商轮船建造的全球首制甲醇双燃料 动力智能VLCC"凯拓"轮提前合同期4个月成功交付。该船具有适航性强、适港性佳、低排放和智慧运营等优 异的综合性能。 船舶制造是大连的优势传 ...

Group 1 - The core viewpoint of the news is the approval of the acquisition of Zhejiang Anji Jiaoyin Village Bank by Bank of Communications, which aims to enhance financial services in rural areas through the establishment of new branches [1] - Village banks are independent legal entities established to provide financial services primarily for local agriculture and small enterprises, addressing the low coverage and supply issues in rural financial institutions [1] - Recent challenges faced by village banks include limited economic scale, a narrow customer base, and weak technology and risk control capabilities, leading to difficulties in profitability and sustainability [1] Group 2 - Rural commercial banks and other small financial institutions are also accelerating the "village-to-branch" transformation, exemplified by the recent opening of four new branches by Shunde Rural Commercial Bank [2] - The transformation allows for direct sharing of systems, funds, and risk control resources from the main initiating bank, significantly enhancing survival capabilities and optimizing regional financial layouts [2] - Small rural banks play an irreplaceable role in serving county economies, with initiatives like "Grain Farmer Loans" to alleviate financing difficulties for grain producers [2] Group 3 - The central government's policy emphasizes the need for orderly reform and restructuring of village banks to enhance risk resistance and operational capabilities, as outlined in the 2025 Central No. 1 Document [3] - The recent Central Economic Work Conference highlighted the importance of reducing the number of independent legal entities while improving quality through concentrated management to mitigate operational risks [3] - The focus is on balancing reduction and quality improvement, ensuring that financial service coverage is not diminished while enhancing the efficiency of financial services [3]

Core Insights - The Ministry of Industry and Information Technology has announced the ninth batch of manufacturing single champion enterprises, with seven companies from Qingdao included, bringing the total to 45, ranking eighth nationally and fifth among sub-provincial cities [1] - Qingdao has established a systematic cultivation framework for champion enterprises, integrating policies into the "Industrial Empowerment Qingdao, Strong Manufacturing City" strategy, fostering cross-departmental collaboration [1][2] - The city has provided significant financial support, including a one-time reward of 2 million yuan for newly recognized champion enterprises, totaling 61 million yuan disbursed, and 358 million yuan for technological upgrades over the past three years [2] Group 1 - Qingdao's champion enterprises have made significant advancements in their respective fields, with companies like Sailun Group achieving breakthroughs in manufacturing large engineering tires, enhancing safety and load-bearing capabilities [2] - China Shipbuilding Group's engine division has focused on low-carbon and zero-carbon fuel engines, successfully delivering dual-fuel engines that reduce carbon emissions by approximately 24% [1][2] - Hisense Visual has established the world's first "lighthouse factory" in the television industry, integrating AI throughout the production process, achieving a remarkable output of one 85-inch television every 20 seconds [3] Group 2 - The cultivation of champion enterprises is seen as a key strategy for advancing the industry towards mid-to-high-end manufacturing and ensuring the stability of supply chains [2] - Qingdao has built a robust support system consisting of 3,315 specialized small and medium-sized enterprises, 256 "little giant" enterprises, and 128 provincial-level champion enterprises, providing a continuous source of growth for the champion enterprise group [2] - The achievements of these champion enterprises not only enhance Qingdao's manufacturing reputation but also position them competitively on a global scale, marking a new coordinate for Chinese manufacturing [3]

Group 1: Industry Growth and Trends - By 2025, China's automotive production and sales are expected to exceed 34 million units, setting a new historical record, with the industry transitioning from "scale expansion" to "quality improvement" during the 14th Five-Year Plan period [1] - The automotive industry has shown strong resilience and vitality, with electric and intelligent vehicles accelerating integration, leading to a dominant position in the market [1] - New energy vehicles (NEVs) are projected to account for over 50% of new car sales in China by 2025, with production and sales reaching 16.626 million and 16.49 million units respectively, marking a year-on-year growth of 29% and 28.2% [1] Group 2: Technological Advancements - The Ministry of Industry and Information Technology has approved the first batch of L3-level conditional autonomous driving models, marking a significant step towards commercial application [2] - The sales of passenger vehicles equipped with city Navigation Assisted Driving (NOA) features reached 2.5373 million units from January to November 2025, with a market share of 81.1% for domestic brands [2] - NOA technology is seen as a crucial link between advanced driver assistance and fully autonomous driving, enhancing user experience and showcasing the value of intelligence [2] Group 3: Collaboration and Global Influence - Global automotive brands are increasingly collaborating with leading domestic third-party suppliers to achieve breakthroughs in intelligent driving, with companies like Mercedes-Benz and BMW implementing city NOA functions [3] - Chinese technology firms such as Huawei and Momenta are providing "Chinese solutions" for the global intelligent driving industry, attracting partnerships from renowned automotive brands worldwide [3] Group 4: Green Consumption Initiatives - The "old-for-new" policy is expected to activate green consumption, with 18.3 million vehicles being replaced from 2024 to 2025, nearly 60% of which will be NEVs [4] - The policy aims to streamline the entire lifecycle from scrapping to recycling, with an annual growth rate of 45.8% in scrapped vehicle recovery projected [4] - The implementation of subsidies for vehicle replacement and scrapping is expected to stabilize market expectations and boost automotive consumption [5] Group 5: Market Dynamics and Policy Changes - The adjustment of NEV purchase tax incentives, along with the "old-for-new" policy, is shifting the competitive landscape of the automotive market from price competition to value competition [5] - The Ministry of Industry and Information Technology and other agencies have called for a halt to disorderly price wars in the NEV sector, promoting a fair market order [6] - The automotive industry is encouraged to explore high-tech, high-profit, and high-value development models, moving away from reliance on scale and low profitability [6] Group 6: Digital Transformation and Future Directions - The automotive industry's digital transformation faces challenges such as insufficient data application and slow transformation of small and medium-sized parts manufacturers [7] - Recommendations include activating data value and promoting a dual-driven approach of "platform + scenario" to enhance data integration across the industry [7] - Emphasis is placed on technological innovation to maintain China's competitive advantage in the global NEV market, focusing on breakthroughs in solid-state batteries and efficient drive technologies [7]

2025年，中国经济在压力中稳步前行，经济总量首次突破140万亿元大关。这份亮眼的成绩单，是发展 韧性的有力彰显，也蕴藏着经济结构向新向优的深刻变革。新旧动能加快转换，正成为当前经济运行的 一个鲜明特征。 产业层面的变化最为直观。部分过去依赖要素投入、规模扩张的传统产业，正面临资源环境约束与效益 提升的双重瓶颈。与之形成对比的是，具有高科技、高效能、高质量特征的行业发展向好，新质生产力 加快成长壮大。 2025年，高技术制造业增加值占规模以上工业增加值比重提升至17.1％，装备制造业占比达36.8％，两 者增速分别为9.4％和9.2％，均大幅领先工业平均增速。服务器、工业机器人等高端产品产量较快增 长，新能源、新材料、航空航天、量子科技、生物制造、具身智能等新兴产业和未来产业，正汇聚成新 的经济增长点。 新旧动能加快转换，是政策引导、市场需求与科技创新共同驱动的结果。我国拥有推进动能转换的显著 优势：超大规模市场提供了丰富的应用场景和试错空间；全球最完整的产业体系构成了融合创新的深厚 土壤；大量高素质人才和企业家队伍是创新的第一资源；集中力量办大事的制度优势，有助于在关键领 域突破瓶颈。 展望未来，新旧动能转 ...

Core Insights - The extreme heat in Southeast Asia, exacerbated by the El Niño phenomenon, has led to a surge in demand for cooling products, particularly air conditioners, cooling mats, and fans produced in China [1][2]. Air Conditioning Market - The Southeast Asian air conditioning market is projected to exceed $5.5 billion by 2025, with an expected annual growth rate of over 10% from 2025 to 2030 [1]. - The International Institute of Refrigeration (IIF) forecasts a 13.9% increase in room air conditioner sales in Southeast Asia in 2024, with Indonesia being a key market attracting international brands, especially Chinese ones [1]. Cooling Mats and Fans Market - The demand for cooling mats and fans in Southeast Asia has significantly increased, with sales in the Philippines reportedly growing several times compared to previous years [2]. - Chinese cooling mats, including ice silk and linen varieties, are gaining popularity in markets like Vietnam, Indonesia, and Thailand, thanks to advancements in materials and manufacturing techniques [3]. - Chinese fans are recognized for their variety, reliability, and affordability, catering to diverse consumer needs across the region [3]. Marketing and Distribution Strategies - Chinese companies are investing heavily in marketing channels, collaborating with major retail chains and e-commerce platforms like Lazada and Shopee to enhance product availability and consumer access [4]. - Partnerships with local retailers, such as Gree's collaboration with Thailand's Central Group, have facilitated better product placement and promotional activities [4]. Economic Impact - The influx of Chinese cooling products is stimulating trade in Southeast Asia, benefiting logistics, warehousing, and transportation sectors, and creating more job opportunities [5]. - Retail sectors are experiencing increased foot traffic and sales, with reports of Malaysian logistics companies expanding their operations due to high demand for Chinese air conditioning and fan products [5]. Social Impact - The widespread availability of Chinese cooling products is improving the quality of life for Southeast Asian residents, with no significant increase in heat-related hospital visits despite record temperatures [6]. - The popularity of these products is enhancing consumer awareness of Chinese brands and fostering cultural exchange [6]. - There is a growing demand for energy-efficient and environmentally friendly cooling products, which presents an opportunity for Chinese companies to innovate and contribute to sustainable development in the region [6].

数字技术的爆发式进步在加速产业创新的同时，也让知识产权的保护和转化面临前所未有的复杂 性。当前，全球科技创新浪潮澎湃，新产业、新业态、新模式不断涌现。在以先进制造、新能源汽车、 智能设备为代表的高科技产业，专利交叉集聚趋势日益显著，其研发过程往往涉及机械、电子、物理、 芯片、计算机、软件等多个复杂领域，每一项创新成果都互为支撑、缺一不可。 在此背景下，简单的供需对接和转化交易已经很难发挥效用。只有在技术渗透、资源整合、成果推 广、场景开发等上下游环节强调链式协同创新，才能降低研发成本、提升创新效率，真正突破创新链产 业链深度融合的卡点，在激发各类主体创新活力和转化动力的同时，为新技术应用和新业态发展提供丰 沃土壤，进而带动产业链整体转型升级。 创新是链博会的底色，也是链博会的生命力所在。今年链博会发布的《第三届中国国际供应链促进 博览会北京倡议》提出，推动科技创新和产业创新深度融合，推动科技成果加快转化为现实生产力。期 待各界以此为契机，共同探索科技创新驱动产业高质量发展的"转化密码"，为培育新质生产力、实现高 质量发展、激发全球创新活力注入新的强劲动能。（经济日报记者 康琼艳） 科技成果从"实验室"走向"生 ...