21世纪经济报道记者冉黎黎北京报道 2月5日，2025年全年机械工业经济运行形势信息发布会举行。根 据中国机械工业联合会数据，2025年，机械工业规模以上企业增加值同比增长8.2%，增速高于全国工 业和制造业2.3和1.8个百分点。主要涉及的五个国民经济行业大类增加值均实现增长。其中，汽车制造 业继续发挥引领作用，增速达11.5%；电气机械和通用设备制造业保持较高增长水平，分别增长9.2%和 8.0%；专用设备和仪器仪表制造业运行平稳，分别增长4.3%和6.1%。 从产销形势来看，2025年，在"两重""两新"等政策带动下，机械工业产销形势整体好于上年。重点监测 的122种主要机械产品中，85种产品产量同比增长，较上年增加13种，增长面69.7%。 重点产品产销呈现以下特征：一是汽车产销再创历史新高，全年产量3453.1万辆、销量3440万辆，同比 分别增长10.4%和9.4%，连续17年稳居全球第一。二是电工电器产品产量显著增长，发电机组产量3.7亿 千瓦，同比增长37.6%；太阳能电池产量8.3亿千瓦，同比增长7.6%。三是加工装备生产提速，金属切削 机床产量86.8万台，同比增长9.7%；工业机器人产量 ...

对于"新一轮的深度调整期"，厦门大学中国能源政策研究院院长林伯强对21世纪经济报道记者表示，当前行业仍在"内卷"， 而"深度调整"则可能意味着接下来的调整比此前更加剧烈，出清的速度可能会更快。除了需求侧之外，从供给侧看，2026年4月 1日起，光伏等产品增值税出口退税将取消。供需两方面的因素可能导致光伏行业在今年下半年迎来一次较大洗牌。 2月4日—5日，中国光伏行业协会在北京召开 "光伏行业2025年发展回顾与2026年形势展望研讨会"。工业和信息化部电子信息司 副司长王世江在会上提到，行业当前正处于新一轮的深度调整期。2026年是光伏行业治理的攻坚之年，治理行业"内卷"是今年 工作的重中之重。 回顾过去，中国光伏行业协会顾问王勃华在会上介绍，"十四五"时期光伏行业取得了诸多具有里程碑意义的突破，制造端年产 值突破10000亿元，出口总额突破1800亿美元，累计装机突破1200GW，单年新增装机突破300GW，组件出口国家和地区超200 个。 三是强化创新驱动发展，塑造下一代的技术竞争优势，支持构建产学研用协同创新体系，鼓励企业持续走创新发展道路，加快 突破先进的光伏技术，包括材料和设备等，持续推进先进光伏技 ...

Core Viewpoint - The rise of financial "KOLs" (Key Opinion Leaders) in the knowledge payment sector has led to a mixed market, with many lacking qualifications and engaging in questionable practices to attract followers and monetize their influence [4][6][8]. Group 1: Financial KOLs and Their Practices - Many financial "KOLs" generate significant income through membership fees, with some earning over 20 million yuan annually from their platforms [4]. - The market has seen a surge in unqualified "KOLs" who use simulated trading software to fabricate impressive investment results, misleading followers [6][13]. - Some "KOLs" employ tactics such as sharing market insights on social media to build a following before directing users to paid platforms for more information [8][11]. Group 2: Regulatory Environment and Compliance Issues - Knowledge platforms like Zhishixingqiu have initiated special governance actions to address illegal content related to capital markets, focusing on unqualified courses and market manipulation [4][24]. - Despite regulatory efforts, many "KOLs" continue to find ways to circumvent rules, such as hiding stock recommendations in non-detectable formats [16][19]. - The blurred lines of compliance are evident as some "KOLs" engage in practices like IP authorization for private fund products, creating confusion about responsibility among investors [24][27]. Group 3: User Engagement and Retention Strategies - To retain followers, "KOLs" frequently update content and provide direct, actionable insights, often resorting to emotional support during market volatility [15][21]. - The community aspect is emphasized, with "KOLs" fostering a sense of belonging among followers, which enhances user loyalty [21]. - Many "KOLs" also utilize private communication channels to share sensitive information, which is harder for platforms to monitor [20][26].

南方财经21世纪经济报道记者郑青亭、实习生陈俊康北京报道 摩洛哥—中国商务理事会主席迈赫迪·拉瑞奇则从市场开拓角度分享了心得。他以自身推广摩洛哥橄榄油耗时三年成功立足中国 市场的经历为例，强调"要读懂中国"。他认为，中国市场独具特性，外资企业需充分尊重中国规则与消费习惯，善用微信、淘 宝等本土平台，让产品"被理解、被尊重"，才能在这片广阔市场上扎根成长。 "中国开放的大门正在越开越大，给外国企业带来越来越多的商机。随着中国经济的不断发展，中国市场的吸引力也在不断增 加。"他告诉记者，当前，中国和摩洛哥的合作正在不断深化，很多摩洛哥企业希望与中国企业合作，特别是在供应链方面拓展 合作。 2025年中国国际商会理事会会议（陈俊康/摄） 谈及中美关系，李碧菁认为，今年是两国贸易潜力巨大的一年。若能以两国元首会晤等高层积极互动为契机，推动双边关系发 展，将为商业合作注入更多确定性。"美中关系经历了一段冷淡期，我希望今年能出现更多机会，让美国企业更积极地思考如何 在中国市场创新与发展。"她同时希望看到中国在医疗健康领域的监管、保险支付以及数据共享和科研合作方面继续扩大开放。 本次会议在北京主会场和各地方国际商会分会场线 ...

2月5日，长安汽车联手宁德时代在牙克石正式发布全球钠电战略，全球首款钠电量产乘用车正式亮相， 预计年中上市。 钠电池并不是新鲜事物，早在新能源最火的2023年，钠电池就曾刮过一阵风，但最终雷声大雨点小，随 着锂价回归正常，钠电未能看到大规模商业化的曙光。 然而，包括宁德时代在内的电池巨头，始终未放弃这一技术路线，反而将其视为锂电池的差异化互补方 案。 2026年，正迎来钠电第二次产业化机会，并呈现出钠电新势力聚焦材料，锂电巨头定义应用、定调市场 的竞争格局。2025年12月，亿纬锂能动工建设亿纬钠能总部项目，同时研发"无痕""不可燃"钠电池产 品；众钠能源在2025年6月发布了"元钠轻擎"电池，预计在2026年第一季度上市。 1月22日，宁德时代发布天行II轻商系列产品，在该系列的四款产品中，轻商低温版属于钠离子电池。 去年，宁德时代曾在供应商大会上表示2026年将在换电、乘用车、商用车、储能四大领域大规模应用钠 电池后的首次对外展示家底，也是轻商领域首款量产的钠离子电池。这款钠电池的容量为45度，可匹配 中小VAN、小微卡等多种车型。 低温性能是钠离子电池最突出的性能优势之一。由于钠离子的溶剂化能更低、在电 ...

Core Insights - Tencent is launching a significant initiative in AI, emphasizing its strategic importance within the company [1][3] - The company is actively promoting its AI application "Yuanbao" through a large-scale marketing campaign, including a cash red envelope initiative during the Spring Festival [2][4] Group 1: AI Strategy and Initiatives - Tencent's AI strategy is gaining momentum, with "Yuanbao" becoming a central focus for consumer-facing AI applications [2][4] - The Spring Festival campaign aims to replicate the success of the WeChat red envelope phenomenon, leveraging social media to drive user engagement [4] - "Yuanbao" has quickly risen to the top of the App Store rankings, indicating effective market penetration [4] Group 2: Competitive Landscape - Tencent faces stiff competition from ByteDance's "Doubao" and other emerging AI applications, which are rapidly gaining user traction [9] - As of September 2025, "Doubao" has reached approximately 172 million monthly active users, surpassing Tencent's offerings [9] Group 3: Product Development and Features - The "Yuanbao" application has introduced new features like "Yuanbao Pai," which enhances group interactions using AI capabilities [4] - Another AI application, "ima," targets knowledge-intensive scenarios and has been integrated with DeepSeek technology, showcasing Tencent's commitment to diverse AI applications [5][6] Group 4: Infrastructure and Investment - Tencent is investing heavily in AI infrastructure, with capital expenditures reaching a historical high of 76.7 billion yuan in 2024, accounting for 12% of total revenue [12] - The company is also focusing on building partnerships and investing in AI chip startups to enhance its technological capabilities [13] Group 5: Future Outlook and Challenges - Tencent is exploring the integration of AI into its flagship WeChat application, aiming to create a unique AI agent that enhances user experience [14] - Despite the potential, challenges remain, including privacy concerns and the need for significant investment in AI capabilities [14][15]

Core Viewpoint - Kuaishou is enhancing the Chinese New Year experience in 2026 by integrating online and offline activities, offering a diverse content matrix that includes traditional customs, family reunions, and entertainment events [1][5]. Group 1: Event Activities - Kuaishou will create a rich online and offline experience during the Spring Festival, featuring activities such as temple fairs, family dinners, and star-studded performances [1][5]. - The platform will sponsor special high-speed trains named "Old Iron Homecoming Special" to facilitate users' return home, with interactive events and gift distributions [2]. - A 12-hour immersive live broadcast titled "Immersive Northeast New Year" will take place, showcasing local customs and celebrations [2][3]. Group 2: Entertainment and Content - Kuaishou will host a special live broadcast featuring popular figures from "The Countrymen of Xiangyashan" to celebrate the small New Year [3]. - The platform will launch a series of live performances and cultural events, including traditional performances and a themed Spring Festival Gala [3][4]. - Kuaishou will release a new AI animated short film series titled "The Horse Adventure" to celebrate the New Year [6][7]. Group 3: Promotions and Engagement - Kuaishou will implement various red envelope activities from February 4 to 23, including cash rewards and interactive games to enhance user engagement [9]. - The platform will distribute over 10,000 movie vouchers and host more than 20 private screenings in six cities to promote a festive atmosphere [4]. - A series of social interaction activities will be launched, allowing users to engage with friends through challenges and themed decorations [10][11]. Group 4: Educational and Sports Initiatives - Kuaishou will offer a "Winter Break Interest Class" featuring live courses from renowned educators to support students' learning during the holiday [7]. - The platform will collaborate with sports figures to create viewing experiences for the 2026 Milan Winter Olympics and local winter sports events [7].

近日，信用中国公开信息显示，宁夏天瑞热能制供有限公司(以下简称"天瑞热能")因未在规定时间内完成第三个履约周期碳排放配额清缴，被罚款4.2399亿 元。 21世纪经济报道记者翻阅行政处罚决定书得知，作为早在全国碳市场第一个履约期便被纳入重点排放单位的天瑞热能，截至目前已经因为违反《碳排放权交 易管理暂行条例》等规定而四度被罚——前三个履约期均未按时完成配额清缴，年度温室气体排放报告也曾因披露不准确而被罚。 记者致电天瑞热能某员工，该员工表示"工资还是发着，(处罚)是老板的事。" 目前，全国碳排放权交易市场已进入第四个履约期。多位受访者对21世纪经济报道记者表示，重点排放单位年度履约、按时足额清缴年度碳排放配额是"红 线"，此次处罚意味着"违规成本低于履约成本"的时代已终结。企业要意识到碳资产管理的重要性，建立内部碳资产管理体系，从被动守法转向主动履约。 四收罚单：三次清缴不及时，碳排放报告不准确 《碳排放权交易管理暂行条例》(以下简称《条例》)是全国碳排放权交易市场运行管理的明确法律依据，自2024年5月1日起施行。《条例》明确规定，对未 履约企业处5倍-10倍罚款，重点排放单位应当编制年度温室气体排放报告。 ...

一个顶尖的产品生态，最核心的竞争力在于其公平性与确定性。如果因为元宝是"自家人"就可以在大群 里肆无忌惮地投放诱导链接，而普通创业者的应用却要被封禁，那么微信赖以生存的规则底座就会崩 塌。更何况，千问、文心等AI应用也都在虎视眈眈。 从这个角度来说，懂得如何通过维护规则来保护社交的边界——这种对产品边界的坚守，正是腾讯在移 动互联网时代能够长盛不衰的根源所在。 特约评论员 陈白 主打AI社交的腾讯AI应用元宝的春节红包营销推广活动，却在自家微信上被判定违规。 2月4日上午，有用户发现，点击被分享至群聊中的元宝红包链接后，显示"网页包含诱导分享、关注等 行为内容，请长按网址复制后使用浏览器访问"，这意味着元宝红包的社交推广方式已被微信"封禁"。 随后，微信官方"微信派"发布公告，就针对"元宝"APP的治理措施作出说明。微信方面表示，此类行为 干扰了平台生态秩序，影响用户体验，对用户造成骚扰，因此对元宝违规链接进行处置，限制在微信内 直接打开。 这一幕的出现，在外界看来或许带有某种荒诞的戏剧感：在腾讯这个庞大的互联网帝国里，左手竟然砍 掉了右手的延伸。但如果我们将视线从企业内部竞争视角移开，回到产品本身就会发现， ...

2月5日，工业和信息化部等八部门印发《中药工业高质量发展实施方案（2026—2030年）》（以下简称 《实施方案》）。 《实施方案》提出了未来五年的发展目标：到2030年，中药工业全产业链协同发展体系初步形成，重点 中药原料持续稳定供应能力进一步增强，数智化、绿色化水平明显提升，一批关键技术取得突破，产业 协同创新水平显著提高。 设置四大目标 根据工业和信息化部消费品工业司披露的解读，《实施方案》着力推进产业政策、监管政策、医保政策 和临床使用政策的有效协同；充分发挥地方政府发展中药工业的积极性，鼓励各地因地制宜先行先试； 将原料的持续稳定供应作为产业链供应链稳定的"牛鼻子"；将支持中药工业龙头企业发展壮大、不断提 高行业集中度作为重中之重。 《实施方案》重点围绕发展质量、协同体系、创新产品、数智化绿色化转型升级等方面设置了具体的任 务目标。 一是发展质量明显提高，中药工业规模效益稳步提升，产业集约化程度明显提高，质量管理水平显著提 升，培育一批引领带动能力突出的中药工业领航企业，培育60个高标准中药原料生产基地。 二是协同体系更加健全，中药材种植加工、中药研发生产、流通服务等上下游各环节协同更加紧密，建 设 ...