（原标题：四川"十五五"规划建议：加快发展低空经济、新材料等新兴产业） 经济观察网 近日，中共四川省委关于制定四川省国民经济和社会发展第十五个五年规划的建议发布。 其中提出，培育壮大新兴产业和未来产业。推动战略性新兴产业集聚成势，实施产业创新工程，推进产 业新赛道争先竞速行动，着力打造新兴支柱产业。做强生物医药、轨道交通装备、节能环保等国家战略 性新兴产业集群，壮大新型显示、集成电路、无人机、核技术应用等省级战略性新兴产业集群，加快发 展人工智能、低空经济、新能源、新材料、智能网联汽车、核医疗、激光装备、增材制造等新兴产业。 加快建设西部商业航天港、航空动力科创区，推进航空航天强省建设。前瞻布局发展未来产业，聚焦第 六代移动通信、量子科技、生物制造、氢能和核聚变能、深空深地、脑机接口、具身智能、前沿半导体 等领域，加快突破前沿关键核心技术，建设一批未来产业孵化器和先导区。推动新技术新产品新场景应 用示范，完善产业生态，建设新场景推广应用中心，建立未来产业投入增长和风险分担机制，加快新兴 产业规模化发展。促进中小企业专精特新发展，培育瞪羚企业、独角兽企业。 中共四川省委关于制定四川省国民经济和社会发展第十五个五 ...

Core Viewpoint - The article discusses the rich history and cultural significance of the traditional Chinese lacquerware craftsmanship, particularly during the Song, Yuan, and Ming dynasties, and its influence on Japanese lacquerware [2][3][4]. Group 1: Historical Context - China is recognized as the earliest country to use natural lacquer, with evidence of lacquerware dating back to the Neolithic period [3]. - The lacquer craftsmanship in China reached a high level during the Warring States period, and by the Song dynasty, it had become both practical and aesthetically pleasing [3][6]. - The term "Japan" is associated with lacquerware due to the significant export of Japanese lacquer products to Europe during the Edo period, contrasting with the more prominent export of Chinese porcelain [3]. Group 2: Cultural Exchange - Chinese lacquerware has profoundly influenced Japanese culture, with Chinese styles being treasured by the Japanese imperial family since the Tang dynasty [3][4]. - The craftsmanship of lacquerware in Japan can be traced back to Chinese techniques, particularly those from the Song, Yuan, and Ming dynasties, which are highly valued in Japan [3][4]. Group 3: Techniques and Styles - The article details various lacquer techniques such as "suqi" (plain lacquer), "carved lacquer," "gold inlay," and "mother-of-pearl inlay," which reflect the sophistication of lacquer craftsmanship during the Song to Ming periods [6][8]. - "Suqi" emphasizes simplicity and texture, while "carved lacquer" involves layering different colors and intricate designs, showcasing a more complex aesthetic [6][7]. - "Gold inlay" became particularly popular during the Ming dynasty, enhancing the visual appeal of lacquerware through the contrast of gold against the lacquer surface [7]. Group 4: Exhibition Information - The "Red and Green Compete in Bloom: Treasures of Song, Yuan, and Ming Lacquerware" exhibition is a collaboration between the Shanghai Museum and the Tokyo National Museum, featuring over a hundred cultural treasures from both countries [9]. - The exhibition will conclude on November 23, 2025, providing a rare opportunity to view these lacquer masterpieces that have returned to their homeland [9].

Core Insights - The essence of AI Agents is described as "the super brain of large models + agile automated hands," emphasizing their capabilities in tool invocation, task planning, and autonomous execution [1] - The rise of AI Agents by 2025 is attributed to the maturity of large models, supply of computing power, open-source ecosystems, and real industry demands [1] Group 1: Transition in AI Expectations - Companies' expectations of AI have shifted from "demonstrative showrooms" to "production-ready factories," indicating a move towards end-to-end workflow automation [2] - AI Agents are evolving from merely answering questions to completing entire processes, such as invoice recognition and reimbursement [2] Group 2: Misconceptions about Large Models - A common misconception is that simply integrating a powerful general large model will lead to enterprise intelligence; however, large models are merely "engines" and not complete solutions [3] - The successful implementation of AI requires a deep understanding of industry pain points, customer logic, and business processes, highlighting the importance of "Know-How" [3] Group 3: Implementation Framework - The "Four Quadrant Digital Employee" model categorizes AI Agents based on industry knowledge depth and process complexity, providing actionable implementation paths for enterprises [4] - The deployment of AI Agents in specific tasks has shown significant efficiency improvements, such as a 70% reduction in bid document generation time and a 50% increase in knowledge retrieval efficiency [4] Group 4: Trust and Data Dynamics - For AI Agents to penetrate core business functions in large enterprises, they must pass six critical tests: stability, scalability, usability, system integration, security compliance, and controllability [5] - The concept of an "AI Data Flywheel" is introduced, where each interaction with clients, systems, or knowledge bases generates valuable data that enhances model iteration and execution precision [6] Group 5: Evolution of Organizational Management - AI Agents are expected to evolve into valuable assets within companies, becoming more sophisticated with use, thus transforming organizational management from addressing human uncertainties to optimizing collective intelligence [6] - The emergence of AI Agents signifies a shift in enterprise intelligence from "assisting humans" to "collaborating with humans" and even "autonomous execution," enhancing organizational efficiency and process optimization [7]

Economic Outlook - UBS expects China's economic growth in 2025 to be between 4.9% and 5%, with better-than-expected performance in the first three quarters and a slowdown in the fourth quarter [1] - The growth target for 2026 is likely to be set at 4.5% to 5%, supported by existing policy measures [1] Consumption and Investment - Consumption growth is projected to be in the range of 3% to 4% in 2026, while investment is expected to recover with an increase in growth rate [1] - Exports are anticipated to show strong resilience, with an average growth rate of 5% in 2025 and a forecasted growth of 2% to 3% in 2026 [1] Capital Markets - The capital market is expected to maintain a stable outlook in the short and medium term, benefiting from profit growth and liquidity support [1] - Technology stocks are anticipated to perform well, with a projected 30% increase in 2025 following a 20% rise in 2024, and current valuations are 30% lower than US stocks [1] Monetary Policy - A reduction in reserve requirement ratios by 50 to 100 basis points and interest rate cuts of 20 to 30 basis points are expected in 2025 [2] - The USD/CNY exchange rate is projected to stabilize around 7 by the end of 2025, with a potential decline to approximately 6.9 in the second half of 2026 [2] Artificial Intelligence Sector - Global capital expenditure in the AI sector is expected to reach $350 billion in 2025, increasing to $500 billion in the following year, driven by real market demand [2] - By 2030, revenue in AI-enabled sectors is projected to reach $3.1 trillion, with a compound annual growth rate of 30% [2] Investment Recommendations - UBS recommends focusing on AI, longevity economy, and structural trends in electricity and resources within diversified stock portfolios [3] - AI is expected to significantly enhance global revenue and productivity, with potential automation of one-third of tasks in the labor market [3] - The integration of AI in healthcare presents substantial market growth opportunities across various sectors, including pharmaceuticals and diagnostics [3]

Core Insights - The UBS report indicates a structural shift in wealth creation and asset allocation among billionaires, with the number of billionaires projected to increase by 8.8% to 2,919 by 2025, and total wealth reaching a record $15.8 trillion, a 13% increase [1] - The Asia-Pacific region is expected to see a significant rebound, with the number of billionaires rising from 981 to 1,036, marking the highest growth globally [1] - A notable change in asset allocation among Chinese billionaires is observed, with alternative investments doubling from around 10% to over 20% of their portfolios [1][2] Wealth Distribution and Investment Trends - The report highlights a shift from concentrated wealth in publicly traded companies, particularly in technology and consumer sectors, to a more diversified asset allocation including alternative investments [2] - Infrastructure investments are becoming a key focus, with 35% of global billionaires indicating increased exposure, particularly among Chinese clients, as these assets provide stable cash flows of 5%-6% [2] - The trend of increasing gold investments is evident, with 32% of billionaires planning to increase their holdings in gold and precious metals, significantly higher than levels seen in 2022-2023 [2][3] Behavioral Changes and Wealth Management - The behavior of billionaires is influenced by national actions, with many closely monitoring central bank gold purchases, leading to a historical high in global official gold reserves [3] - Gold is increasingly viewed as a core defensive asset rather than a short-term speculative investment, integrated into family trusts and long-term wealth pools to hedge against currency devaluation and political uncertainty [3] - The profile of new Chinese billionaires is characterized by youth, entrepreneurial spirit, and a focus on wealth inheritance, with 60% planning to regularly update wills and trust structures [4] Future Wealth Transition - An estimated $135.3 billion wealth transfer is expected in mainland China over the next 15 years, prompting new billionaires to seek professional structures for investment, education, and philanthropy [5] - The shift from high-growth pursuits to building diversified portfolios signifies a transition from "wealth creators" to "wealth managers" among Chinese billionaires [5] - This transformation is closely linked to China's macroeconomic narrative, with billionaires' wealth rooted in industrial upgrades and technological innovation, reflecting the integration of the Chinese economy into the global landscape [5][6] Capital Flow and Global Investment Landscape - The changing investment strategies may reshape capital flows, directing more funds into alternative investments that support the real economy, innovative technologies, and global infrastructure [6] - As Chinese billionaires become active participants in shaping risk-return profiles through asset allocation, they are expected to play an increasingly critical role on the global wealth stage [6]

（原标题：尊重孩子和溺爱孩子的界限在哪里？） 一、 可以说，80后90后的父母，是开始觉醒的父母。我们小的时候，大都是被我们的父母用简单粗暴又传统 朴实的方法教育的。 简单说，就是做错事情要挨骂甚至挨打，被要求"一定要乖，要听大人的话"，被灌输"爸爸妈妈为了你 好辛苦，你长大了一定要孝顺和报答父母"诸如此类的观念。 成为父母之后，我们开始学习和自省，明白了"孩子是独立的个体，也应该被我们尊重"等道理。不过， 你真的懂得如何"尊重"孩子吗？ 你带五岁的儿子打预防针，虽然事先铺垫鼓励，打的时候，他却还是哭得惊天动地。打完针留观的半小 时里，他依然哭哭啼啼，你耐着性子百般劝慰"好了好了不疼了啊"，他都还在抽抽嗒嗒，时不时还高一 声抽泣。 一位妈妈发朋友圈说："如今做妈妈太难了，我是尊重孩子，却被亲朋好友指责是溺爱。请哪位大神告 诉我，什么样的爱是溺爱？" 其实，为人父母谁没有这样的困惑？严厉了，怕孩子变得胆小怕事。松懈了，又担心调皮得无法无天。 就这样陷入两难之境… 旁人对你侧目，你觉得尴尬，开始不耐烦。你皱着眉头说："行了行了，打个针该有多疼呢？男子汉勇 敢一点啊。"孩子不买账，你继续说："看看人家女孩子都比你坚 ...

Core Viewpoint - The exhibition of Ilya Repin's works at the National Museum of China offers a unique opportunity to engage with 19th-century Russian art, contrasting the digital age's narratives with the tactile experience of traditional painting [1] Group 1: Exhibition Overview - The exhibition titled "Reflections by the Neva River: Ilya Repin Art Exhibition" will run until January 11, 2026, at the National Museum of China [12] - The exhibition features a combination of original works, high-definition prints, and valuable manuscripts to recreate the creative process of Repin's famous painting "Barge Haulers on the Volga" [3] Group 2: Featured Works - Repin's self-portrait serves as a central piece, allowing for a dialogue across time with the audience [2] - "Princess Sophia in 1698" showcases Repin's deep psychological insight into historical figures, focusing on a tragic woman from Russian history [4] - "Religious Procession in Kursk Province" is noted as the largest work in the exhibition, reflecting Repin's keen observation of Russian society across different social classes [5] - "Unexpected Return" captures a seemingly ordinary family scene, yet it carries profound social significance related to the political climate of 1881 Russia [6] - "Reply of the Zaporozhian Cossacks to Sultan Mehmed IV" exemplifies Repin's meticulous artistic pursuit, taking ten years to complete [8] - "Rest" features a tender portrayal of Repin's wife, highlighting his ability to convey character and emotion through portraiture [9] - "In the Sun" represents a shift in Repin's artistic style towards naturalism, depicting his daughter in a serene outdoor setting [10] - The exhibition includes an interactive section titled "Repin and His Era," showcasing portraits of cultural figures from 19th-century Russia, emphasizing the artistic vibrancy of that period [11]

Core Viewpoint - The essence of a brand is that it is the only irreplaceable asset of a company, emphasizing the need for companies to focus on building strong brands rather than merely chasing short-term traffic [1][3]. Group 1: Brand Definition and Importance - A brand is formed through the long-term accumulation of products, services, marketing, and culture, creating a unique recognition, trust, and emotional connection in the minds of consumers [3]. - The uniqueness of a brand stems from its strategic resource characteristics, which include value, scarcity, and irreplaceability, making it difficult for competitors to replicate [4]. Group 2: Factors Contributing to Brand Uniqueness - The uniqueness of a brand is rooted in three core logics: 1. The uniqueness of emotions and trust, which cannot be obtained through mere product or technology replication [4]. 2. The scarcity of time and history, as strong brand recognition often requires decades or even centuries to develop [4]. 3. The uniqueness of culture and values, which are deeply tied to the brand's development path and cannot be precisely replicated [4]. Group 3: Strategies for Building Uncopyable Brand Assets - Companies should focus on long-term brand building by connecting with user emotions and establishing a consistent brand proposition, creating a strong cognitive moat [5]. - High recognition brand symbols and unique rituals should be developed to ensure strong memorability, while maintaining a long-term perspective to build trust and warmth in the brand [5]. - Companies must avoid the pitfalls of being overly influenced by short-term traffic and instead adopt a rational approach to the relationship between traffic and brand value [5]. Group 4: The Role of Chinese Brands on the Global Stage - The vision of "Chinese culture, world brands" represents a mission for Chinese companies to promote their cultural values globally, transforming traditional wisdom into brand essence [6]. - The current period is seen as the best opportunity for Chinese brands to enter the global market, aligning with the goal of high-quality development in the upcoming "15th Five-Year Plan" [6].

Core Viewpoint - The establishment of Beijing Guanghe Qiancheng Technology Co., Ltd. is aimed at exploring strategic cooperation opportunities within the photovoltaic industry, particularly in response to the challenges of overcapacity and competition in the silicon material sector [1][2]. Group 1: Company Formation and Purpose - Beijing Guanghe Qiancheng Technology Co., Ltd. was registered on December 9 with a capital of 3 billion yuan, focusing on technology services and management consulting [1]. - The company is perceived as a potential "silicon material storage platform," which aims to consolidate existing silicon material capacities to mitigate excessive competition and high inventory levels in the industry [1][2]. Group 2: Industry Context and Pricing - The current price of photovoltaic silicon materials is stable at around 50,000 yuan per ton, an increase from 30,000-40,000 yuan per ton earlier in the year, with some companies achieving profitability at this price [2]. - The long-term goal of the "silicon material storage platform" is to raise silicon material prices above 60,000 yuan per ton, promoting healthy industry development [2]. Group 3: Leadership and Expertise - The leader of Guanghe Qiancheng, Hou Yicong, is not from the photovoltaic industry but is an expert in mergers and acquisitions, with extensive experience in project management and investment [3]. - Spring Capital, which established Guanghe Qiancheng, focuses on providing post-investment management consulting services and solutions for project exits [3].

Group 1 - The 2024-2025 Annual Marketing Conference and the 23rd Outstanding Brand Marketing Annual Meeting will be held in Beijing, focusing on the collision between brand economy and traffic economy, aiming to promote brand competition from "traffic competition" to "value cultivation" [1] - On December 10, a total of 1.41 million shares from 8 companies will be unlocked, with a total market value of 2.388 billion yuan, including significant unlocks from Nanshan Zhishang, Xingtong Co., and Yunding Technology [1] - The unlocked shares include over 10 million shares from three companies, with Nanshan Zhishang leading at 71.4286 million shares, followed by Xingtong Co. at 41.4916 million shares, and Yunding Technology at 10.0526 million shares [1] Group 2 - Nine companies disclosed stock repurchase progress on December 10, with five companies announcing new repurchase plans, one plan approved by shareholders, and three plans completed [2] - Among the new repurchase plans, four companies announced amounts exceeding 10 million yuan, with Huitai Medical, Songcheng Performance, and Jinggu Co. having the highest proposed repurchase amounts of 250 million yuan, 200 million yuan, and 60 million yuan respectively [2] - Huadong Medicine has the highest repurchase amount approved by shareholders, proposing to repurchase up to 6.494 million yuan [2]