（原标题：我看到了一场"当众教子"的全过程，一肚子火！很多父母以为是严厉，其实是孩子一生的羞 辱） 周日下午，目睹了一位父亲"当众教子"的全过程。 我带着两孩子从五道口的PAGEONE书店刚出来，就被一阵震耳的吼声吓了一激灵。 循声望去，一个爸爸正对着七八岁的儿子怒吼："还玩！还不走！" 男孩噘着嘴，明显不服气的样子，这让爸爸更生气，声音更大了，引得周围人纷纷侧目。 男孩旁边的妈妈，只是默默地看着父子俩，没做任何动作。 男孩的不从，让父亲火冒三丈。 他一把拎起男孩，像抓小鸡一样，拖行了好几米。 男孩拼命挣脱着不肯走。 爸爸猛地把他摔在地上，大吼着说： "你也不看看你学得什么样子，还玩。" "以后你别叫我爸，我没你这个儿子。" 而这种羞辱，可能会成为孩子一生都难以愈合的伤口。 01 真正的严厉是带着尊重的 "和善而坚定" 有位教育专家说： "真正的教育，是严而有格，严而有爱，严而有度。" 很多父母把严厉管教等同于 "大声批评""严格要求""绝不妥协"。 边说边用手指着男孩的头，那样子像是马上控制不住，就要一巴掌打在孩子脸上。 男孩吓得赶紧跑到妈妈身边，拉着妈妈的手喊着"妈妈妈妈。" 但妈妈全程脸上依然没有表情， ...

Core Insights - The report by NielsenIQ highlights that the Chinese retail market is entering a critical transformation phase, where the focus will shift from foot traffic and price subsidies to meeting consumers' emotional and personal needs by 2026 [1][8] Consumer Behavior Trends - Consumers are transitioning from merely "buying products" to "buying lifestyles," with 68% valuing atmosphere in physical stores, 61% prioritizing service, and 54% willing to pay a premium for quality [2] - Emotional consumption is evolving towards self-value, with single economy, pet consumption, and silver economy identified as high-potential growth areas [2][3] Pricing and Value Perception - Consumers are becoming more rational and cautious, willing to pay a premium for genuine efficacy and innovation rather than brand reputation [3] - The competition will focus on perceived value rather than price, emphasizing the importance of delivering both cost-effectiveness and value [3] Channel Transformation - Retail channels are shifting from merely selling products to creating lifestyle experiences, with supermarkets and hypermarkets needing to transform into immersive spaces [4] - Private labels are gaining traction, with 69% of consumers perceiving them as more valuable, leading to a 12.9% growth in private label sales compared to a mere 0.1% for branded products [4] Collaboration Between Retailers and Brands - Retailers and brands are encouraged to shift from competition to collaboration, co-developing products and optimizing pricing to enhance category growth [5] Market Growth Drivers - The report identifies key growth drivers for the retail market in 2026, including the down-market expansion, Generation X consumers, overseas market opportunities, and instant retail [6][7] - Generation X, characterized by stable income and mature judgment, is expected to be a significant growth demographic, willing to spend on products that resonate with their values [7] Global Expansion of Chinese Brands - The report suggests that Chinese brands are transitioning from merely selling products to establishing a strong brand presence in overseas markets, particularly in Southeast Asia, Japan, and Singapore [7] Instant Retail Evolution - The shift towards instant retail reflects consumers' increasing desire for immediate gratification, moving from planned to spontaneous purchases [7][8]

Core Viewpoint - The successful exploration of the "Donggao Heat 1" well in Dongying, Shandong Province, has broken the traditional perception of geothermal resources in China, demonstrating the potential for high-temperature geothermal energy in sedimentary basins, which could lead to diversified energy structures and alleviate structural energy contradictions at the national level [1][2][5]. Geothermal Resource Development - The "Donggao Heat 1" well reached a depth of 4002.17 meters with a bottom temperature of 162°C and a wellhead water temperature of 138°C, producing 101.3 cubic meters of water per hour [1]. - The well's development is based on a new theory that sedimentary basins can host high-temperature geothermal resources, challenging the traditional view that such resources are primarily found in western China [5][8]. Technological Innovations - The "high-temperature acid fracturing technology" developed by the Shandong Geological and Mineral Exploration Bureau has improved the flow capacity of geothermal reservoirs by 12 times and increased wellhead temperature by 18°C [7]. - The principle of "balanced extraction and reinjection" ensures sustainable geothermal resource utilization, preventing depletion and environmental issues [6][7]. Economic Impact - The "Donggao Heat 1" well is estimated to release 679,000 GJ of heat annually, equivalent to approximately 27,000 tons of standard coal, with potential applications in electricity generation and industrial steam production [11]. - The economic benefits from the well's development could reach around 450 million yuan annually, benefiting approximately 180,000 urban and rural residents [11]. Applications in Agriculture and Industry - Geothermal energy is being utilized in agricultural settings, such as the Shandong Shuangfu Flower Company, where heating costs have been significantly reduced from 40 yuan to 15 yuan per square meter, enhancing production quality [9][10]. - The integration of geothermal energy into community heating and agricultural practices demonstrates its versatility and potential for broader applications [10].

Group 1 - The core idea of the article emphasizes the significant impact of stress and negative emotions on physical health, suggesting that psychological states manifest as physical symptoms [2][3][12] - The article discusses the historical context of stress research, highlighting Hans Selye's experiments with rats that led to the identification of stress hormones and their effects on health [4][8] - It outlines the physiological responses to stress, including the development of ulcers, weakened immune systems, and adrenal gland enlargement, which are referred to as Selye's three stress responses [7][9] Group 2 - The article presents the concept of psychosomatic medicine, indicating that mental states and emotions can influence physical health, and vice versa [10][12] - It provides strategies for managing stress, including recognizing one's emotions, developing self-regulation skills, and establishing boundaries with others to reduce external stressors [13][20] - Specific methods for stress management are suggested, such as cognitive adjustments, physical activities, and mindfulness practices to alleviate stress and improve overall well-being [17][19]

Group 1 - The exhibition "Rome: From Olympus to Capitol" is a collaboration between the Shanghai Expo Museum and the National Museums Liverpool, marking the conclusion of a trilogy of Western classical art exhibitions [1] - The exhibition features 131 pieces from the National Museums Liverpool, including significant sculptures such as a 2.27-meter Zeus statue, a bust of Emperor Augustus, and a head of Poseidon, with nearly 20 large sculptures making their debut in Shanghai [1] - The exhibition is organized into three thematic units: "Legends of the Gods," "Glory of the Empire," and "Feasts of Life," showcasing a diverse range of artifacts including sculptures, pottery, glassware, gemstones, and sarcophagus reliefs [1] Group 2 - The exhibition runs from now until May 3, 2026, at the Shanghai Expo Museum [2]

Group 1 - The core viewpoint presented by Sheng Songcheng is that China's monetary policy is likely to adopt a "small step" approach, with a preference for reserve requirement ratio (RRR) cuts over interest rate reductions, while still allowing for some flexibility in both areas [1][2] - Sheng emphasizes that the monetary policy transmission mechanism in China is complex and relies heavily on the cooperation of commercial banks and the financial system, making it difficult for the central bank to precisely control changes at each stage of the transmission [1] - The central bank's toolbox for monetary policy has been expanding, with various liquidity support tools and secondary market treasury transactions being utilized to manage liquidity and stabilize interest rate fluctuations [2] Group 2 - Sheng argues that RRR cuts are more beneficial than interest rate cuts, as they increase the funds available for commercial banks, thereby better supporting proactive fiscal policies [2] - Since 2016, the statutory RRR has been cut 23 times, reducing the RRR for large deposit-taking financial institutions from 17.5% to 9%, a total decrease of 8.5 percentage points, while the policy interest rate has only been adjusted 14 times [2] - The current net interest margin of commercial banks is at a historical low of 1.42%, significantly down from over 3.5% in 2008, indicating that large interest rate cuts could further pressure banks' operations [3]

Core Viewpoint - The 2026 Beijing Book Ordering Conference highlights the importance of supporting physical bookstores and implementing the "National Reading Promotion Regulations" to boost the publishing industry's confidence and development [1][2]. Group 1: Event Overview - The 2026 Beijing Book Ordering Conference took place from January 8 to 10, covering an exhibition area of 50,000 square meters, showcasing over 400,000 book titles, with 711 participating units and 2,765 booths [1]. - The conference featured over 420 cultural activities and included 578 display racks for library books, with more than 100,000 titles available [1]. Group 2: Industry Challenges - The publishing industry is currently undergoing deep adjustments, with a mismatch between effective supply and precise demand, leading to a reduction of approximately 1,000 physical bookstores in 2025 [2]. - There is a structural surplus in the total supply of books, while the supply of quality books remains insufficient, and the demand for digital reading continues to rise as traditional reading declines [2]. Group 3: Implementation of Regulations - The implementation of the "National Reading Promotion Regulations" aims to support and guide the innovative development of physical bookstores, which are crucial for promoting cultural work [2]. - A coordinated mechanism among departments is necessary to encourage local policies that support bookstore development and cultivate high-quality, culturally rich bookstores [2]. Group 4: Perspectives on National Reading - The former head of the National Press and Publication Administration emphasized that the regulations provide a legal framework for "national reading," laying a solid foundation for the publishing market and presenting significant opportunities for high-quality development [3]. - There is a call for collective efforts to build a reading society, enhancing the overall cultural and moral standards of the population through deepening national reading initiatives [3]. Group 5: Legislative and Protective Measures - The need for legislative action to strengthen copyright protection for publishing units and clarify the usage rules for AI-generated content in publications was highlighted [3]. - The implementation of the regulations is seen as an opportunity to organize reading promotion activities and create more reading scenarios and market opportunities [3].

Core Insights - The AI industry experienced significant milestones in 2025, marked by technological innovations, business model transformations, and global regulatory dynamics [2] Group 1: Multi-Modal Integration - AI models have advanced rapidly in text and reasoning but lagged in multi-modal capabilities, limiting their effectiveness [4] - Developers are shifting from "assembled" models to "native multi-modal" models that can process text, images, audio, and video simultaneously [5] - The development of multi-modal models is becoming a primary focus for leading AI companies, enhancing their ability to perform real-world tasks [5][6] Group 2: Embodied Intelligence - The focus of embodied AI has shifted from experimental demonstrations to market-ready solutions, with companies announcing mass production of robots [8] - The cost of humanoid robots has significantly decreased, making them more accessible for commercial use [9] - The rise of embodied intelligence is driven by advancements in multi-modal AI and increasing labor costs, leading to greater demand for robotic solutions [9] Group 3: Computing Power Competition - The competition for computing power has evolved from a focus on acquiring GPUs to a more complex, efficiency-driven battle [10] - Companies are now prioritizing how to effectively utilize limited computing resources rather than just increasing their total computing power [10] - Some developers are moving towards self-developed chips to reduce reliance on dominant suppliers like NVIDIA [10] Group 4: Paradigm Controversy - There is a growing debate in the theoretical community regarding the "scale law" that has traditionally guided AI development [12] - Some experts argue that simply increasing model size does not lead to general intelligence, suggesting a need for new training paradigms and reasoning mechanisms [13] - Despite differing opinions, both sides recognize the need for a reevaluation of existing paradigms to find better development paths [13] Group 5: Rise of Agents - The emergence of AI agents, capable of executing complex tasks autonomously, signifies a shift in human-computer interaction from function-driven to task-driven systems [14][15] - This transition is expected to reshape organizational structures and business models, focusing on task completion rather than capability provision [15] Group 6: Open Source Renaissance - Open-source models have become a foundational infrastructure for global innovation, increasingly rivaling closed-source systems in performance and adoption [16] - The rise of open-source is attributed to changing AI innovation logic, where community collaboration and rapid customization are prioritized [17] Group 7: Business Innovation - The AI industry is moving towards clearer business paths, with different players finding monetization strategies that align with their capabilities [18] - The concept of "Outcome-as-a-Service" is gaining traction, shifting the focus from selling functionalities to delivering task completion [19] Group 8: Regulatory Dynamics - AI governance has become a critical area of focus, balancing innovation with regulatory frameworks to avoid stifling technological development [20] - Different regions are adopting varied approaches to governance, reflecting their priorities and institutional frameworks [21][22] Group 9: International Competition - The competition in AI has escalated from corporate to national levels, with countries vying for leadership in defining technological paths and standards [23] - The U.S. maintains a strong position in core technologies, while China focuses on optimizing existing frameworks for scalable applications [23][24] Group 10: Youth Leadership - A trend of young scientists gaining significant influence in AI companies is emerging, reflecting a shift in the industry's leadership dynamics [25][26] - This generational change is seen as essential for navigating the evolving landscape of AI, where innovative problem definition and evaluation are crucial [26]

Core Viewpoint - The digital renminbi (e-CNY) will start accruing interest on wallet balances as of January 1, 2026, marking a significant shift from a cash-like payment tool to a deposit currency model, which aligns with economic growth and financial intermediation mechanisms [1][2][3] Digital Renminbi Transition - The People's Bank of China (PBOC) will implement a new measurement framework and management system for digital renminbi on January 1, 2026, transitioning from a cash-type model to a deposit currency model [2] - Major state-owned banks will begin to pay interest on digital renminbi wallet balances at the same rate as regular savings accounts [2] Systemic Upgrade - The ability to earn interest signifies a systemic upgrade, transforming digital renminbi from a mere tool to a comprehensive monetary system, responding to global trends in digital currencies [3][4] - The PBOC aims to redefine how money exists, circulates, and is governed, moving towards a more sustainable and operationally integrated digital currency [3][4] Cross-Border Payment Enhancements - The PBOC is focusing on enhancing cross-border payment systems, including expanding the use of the renminbi in international transactions and improving the efficiency of cross-border financial flows [5][6] - The digital renminbi is expected to become a core engine for cross-border payments, facilitating smoother transactions and reducing costs for businesses [5][6] Infrastructure Development - Recent policies indicate a strategic alignment between digital renminbi development and cross-border payment infrastructure, aiming for a cohesive system that supports both domestic and international financial activities [7][8] - The revised rules for the renminbi cross-border payment system will enhance governance and scalability, ensuring a robust framework for financial transactions [8][9] Future Implications - The transition to a deposit currency model is anticipated to significantly increase liquidity within the banking system and encourage more financial services around digital renminbi [13][14] - The internationalization of the renminbi will depend on clear rules, risk management, and compliance, which are essential for building trust among global financial institutions [14][15] Conclusion - The digital renminbi's evolution into a deposit currency represents a fundamental shift in China's monetary policy, with implications for both domestic financial stability and international currency dynamics [1][3][14]

Core Viewpoint - The Chinese pig market faced significant challenges in 2025, characterized by a prolonged downturn in prices, deepening losses for pig farming enterprises, and a shift towards proactive risk management strategies in response to ongoing supply-demand imbalances and regulatory pressures [1][2][3]. Group 1: Market Conditions - In 2025, the average price of lean pigs was 13.80 yuan/kg, with prices dropping significantly, reaching as low as 11 yuan/kg in October, marking a period of deep losses for the industry [2][4]. - The overall pig output in 2025 was projected at 747 million heads, a year-on-year increase of 6.4%, with pork production exceeding 60 million tons for the first time [3]. - The average PSY (pigs weaned per sow per year) increased from 21 in 2024 to 26 in 2025, enhancing the supply capacity and exacerbating the supply pressure [3]. Group 2: Financial Performance - Leading company Muyuan Foods sold 77.981 million pigs in 2025, an increase of 6.379 million from 2024, but its total sales revenue fell to 132.811 billion yuan, a decrease of approximately 3.4 billion yuan from the previous year due to lower sales prices [4]. - By December 2025, self-breeding and external purchasing models faced significant losses, with average losses of 62 yuan per head for self-breeding and 210 yuan per head for purchased piglets [2]. Group 3: Risk Management Strategies - Companies are increasingly adopting proactive risk management strategies, including forming specialized futures teams and implementing detailed hedging operations to mitigate the impacts of price volatility [1][5]. - Futures hedging has become a critical component of business operations, allowing companies to lock in profits and stabilize earnings despite low market prices [6][8]. - The participation of over 3,000 industry clients in pig futures trading indicates a growing trend towards using futures as a risk management tool, with 24 out of 32 major pig enterprises engaging in futures transactions [7][8].