Core Viewpoint - Beijing's new housing policy aims to relax purchasing conditions for non-local families and support multi-child households, reflecting recent national requirements and market changes [1][2] Policy Adjustments - Non-Beijing residents can now purchase homes within the Fifth Ring Road after paying social insurance or individual income tax for 2 years, while the requirement is reduced to 1 year for properties outside the Fifth Ring [1][3] - Multi-child families are allowed to buy an additional property within the Fifth Ring, increasing the total number of homes they can purchase [2][3] Market Impact - The policy is expected to expand the housing demand group, facilitating entry for eligible buyers into the market and potentially boosting real estate sales and inventory reduction [2][3] - The adjustments are seen as a response to the accumulated housing demand and are likely to stimulate the market, especially in light of lower housing prices and financing costs [3][4] Loan Policy Optimization - The new policy eliminates the distinction between first and second home loan interest rates, allowing banks to set rates based on their operational conditions [3][4] - The minimum down payment for second homes using public housing funds has been reduced from 30% to 25%, lowering the barrier for home purchases [4] Development and Investment Focus - The policy also includes changes to the approval process for real estate development projects, shifting from city-level to district-level oversight, which aims to enhance investment efficiency [4][5] - This approach aligns with national strategies to control growth, reduce inventory, and improve supply in the real estate market [5][6] Broader Implications - The adjustments in Beijing's housing policy may influence other first-tier cities, potentially leading to similar relaxations in purchasing restrictions in cities like Shanghai and Shenzhen [6]

Core Viewpoint - The commissioning of the Fujian aircraft carrier marks China's entry into the "three aircraft carrier era," significantly enhancing the People's Navy's long-range defense capabilities and modernization level [1] Group 1: Aircraft Carrier Development - The Fujian aircraft carrier is China's first electromagnetic catapult aircraft carrier and the third overall, officially commissioned on November 5, 2025 [1] - The Fujian carrier has a full-load displacement of over 80,000 tons and is entirely designed and built domestically [1] - The carrier's electromagnetic catapult system allows for the launch of various types of carrier-based aircraft, improving operational efficiency and combat readiness [2][3] Group 2: Training and Operational Readiness - The Fujian carrier recently completed its first live training mission, successfully conducting multiple launches and landings of various aircraft types, including the J-35 and J-15 [1] - The training validated the carrier's electromagnetic launch and recovery systems, enhancing the coordination between crew members and pilots [1][3] - The carrier's design features a flat flight deck with three catapults and a recovery system, improving compatibility for different aircraft operations [3] Group 3: Medical and Emergency Capabilities - The Fujian carrier includes the largest medical center among naval combat vessels, equipped with a full range of medical facilities, including operating rooms and remote consultation capabilities [4] - The medical center is designed to support the crew during long missions, enhancing the carrier's operational capabilities in various scenarios [4] Group 4: Strategic Vision and Future Goals - The People's Navy has rapidly advanced its aircraft carrier capabilities over the past decade, transitioning from modifications to indigenous production and from ski-jump to catapult systems [5] - The captain of the Fujian carrier expressed confidence in leading the crew to enhance operational capabilities and achieve mission objectives [5]

乌克兰武装部队总参谋部24日通报称，乌克兰武装部队于当天凌晨对俄军多个目标实施打击。其中 包括一座合成橡胶厂，以及一处俄军无人艇储存与维护基地。 乌克兰总统泽连斯基24日公布了最新版俄乌"和平计划"草案的20点内容，并强调该文件仍为草案， 其条款可能在谈判过程中有所修改。草案内容包括，为维持俄乌长期和平，将建立接触线监督机制；乌 克兰确认保持无核国家地位；扎波罗热核电站将由乌美俄三国共同运营；乌克兰将尽快举行选举等。 央广网北京12月25日消息 据中央广播电视总台中国之声《新闻和报纸摘要》报道，俄罗斯国防部 24日发布战报称，过去一天，俄军控制了扎波罗热地区的一个定居点，并继续在苏梅、哈尔科夫等方向 多地打击乌军。 俄罗斯媒体24日援引俄罗斯联邦安全局消息说，安全人员当天在秋明州挫败了一起针对石油管道控 制站的恐怖袭击图谋。报道称，袭击者受乌克兰情报部门指使，当天企图从藏匿点取出简易爆炸装置。 安全人员将其击毙。 ...

Core Viewpoint - The article highlights the predatory practices of private domain live streaming targeting elderly consumers, leading to significant financial and emotional harm for this demographic [17][31][32]. Group 1: Overview of Private Domain Live Streaming - Private domain live streaming has developed a targeted approach to attract elderly consumers, often using deceptive marketing tactics and emotional manipulation [24][25]. - The industry employs a variety of strategies, including free meals and social interactions, to build trust and encourage spending among older adults [4][6][25]. Group 2: Marketing Tactics and Consumer Behavior - Common tactics include creating WeChat groups where elderly participants are encouraged to watch live streams, sign in, and purchase products, often leading to excessive spending [3][13]. - The average spending of elderly consumers in private domain live streaming is significantly higher than in public domain live streaming, with reported average expenditures reaching over 10,000 yuan [27]. Group 3: Regulatory Concerns and Industry Challenges - The private domain live streaming sector faces scrutiny for false advertising, exaggerated claims about product efficacy, and lack of proper regulatory oversight [17][29]. - Regulatory bodies are working to enhance monitoring and enforcement to protect elderly consumers from deceptive practices, but challenges remain due to the covert nature of these operations [29][33]. Group 4: Emotional and Social Implications - The emotional dependency of elderly consumers on live streaming interactions is a significant concern, as many view these sessions as a source of companionship and social engagement [28][32]. - The phenomenon not only affects individual financial stability but also disrupts family dynamics and trust, leading to generational conflicts [31].

Core Viewpoint - The National Development and Reform Commission (NDRC) and the Ministry of Commerce have released the "Encouraged Foreign Investment Industry Catalog (2025 Edition)," which aims to optimize foreign investment direction, improve investment quality, and enhance regional layout for foreign investment in China [1][2]. Group 1: Changes in the Encouraged Catalog - The new catalog includes a total of 1,679 entries, with a net increase of 205 entries and 303 modifications compared to the 2022 version [1]. - The catalog aims to guide foreign investment in advanced manufacturing, adding or expanding entries related to end products, components, and raw materials to enhance the development level of the industrial and supply chains [1]. - It also encourages foreign investment in modern service industries, with new or expanded entries in business services, technical services, scientific research, and service consumption to promote high-quality development in the service sector [1]. Group 2: Regional Focus - The updated catalog encourages and guides foreign investment in the central and western regions, Northeast China, and Hainan Province [1]. Group 3: Future Initiatives - The NDRC plans to create a market-oriented, law-based, and international first-class business environment for foreign investment in China, aiming to attract more multinational companies to share in China's development opportunities [2]. - The NDRC will implement policy measures to expand foreign capital inflow and will organize international industrial investment cooperation activities to facilitate foreign investment [2].

Core Viewpoint - The Central Radio and Television Station (CRTS) has released its 2026 list of quality programs for children, emphasizing a diverse range of content aimed at enriching children's holiday experiences and promoting comprehensive development through educational programming [1] Group 1: Program Highlights - The 2026 CRTS "June 1st" Gala and the CRTS Children's Spring Festival Gala will feature colorful stages to enhance children's festive experiences [1] - Programs such as "Chasing Light Youth," "Friends of National Treasures," "CMG Children's Voice Concert," and "Chinese Little Chef" will incorporate the "Five Education Integration" philosophy into original quality content [1] - Animated series like "Journey to the West" and "Big Head Son" will showcase top animation talent, providing engaging visuals to accompany children's growth [1] Group 2: Initiatives and Celebrations - The event also marks the 70th anniversary of the "Little Trumpet" program, launching the "New Voice Season" to systematically showcase CRTS's heritage and innovation in children's broadcasting [1] - The "2026 Children's Quality Content Cooperation Plan" was simultaneously initiated by the CRTS Sports and Youth Program Center [1]

Group 1 - The central economic work conference was held in Beijing from December 10 to 11, focusing on the current economic situation and key tasks for the new "14th Five-Year Plan" period [1] - The government is implementing a more proactive fiscal policy for the first time this year, with a deficit level and scale at the highest in recent years, increasing the deficit rate to around 4% and the deficit scale to 5.66 trillion yuan, which is an increase of 1.6 trillion yuan compared to 2024 [4][5] - The total issuance of government bonds in 2025 is projected to be 11.86 trillion yuan, including 4.4 trillion yuan in government bonds and 1.3 trillion yuan in special long-term bonds [4] Group 2 - The fiscal policy will continue to be proactive next year, maintaining necessary fiscal deficits, total debt scale, and total expenditure while optimizing the fiscal expenditure structure [5][6] - The government aims to enhance the effectiveness and precision of fiscal spending, focusing on major national strategic financial support and increasing investment in people's livelihoods, domestic demand, and long-term growth [5][6] - The monetary policy will be moderately loose, with the central bank having implemented a reduction in the reserve requirement ratio and interest rates for the first time in 14 years, and plans to continue this approach next year [8][10] Group 3 - The social financing scale and broad money supply (M2) grew by 8.7% and 8.4% year-on-year, respectively, with the balance of RMB loans reaching 270.4 trillion yuan [11] - The new lending rates for corporate loans and personal housing loans have decreased by approximately 40 basis points and 25 basis points year-on-year, respectively [11] - The monetary policy will focus on promoting stable economic growth and reasonable price recovery as key considerations [12][14] Group 4 - The government will enhance the consistency and effectiveness of macro policies, integrating economic and non-economic policies, as well as stock and incremental policies, to ensure coordinated efforts across various policy measures [17] - The emphasis on "seeking progress while maintaining stability" continues as the overall guideline for economic work during the "14th Five-Year Plan" period, with a focus on quality improvement and efficiency enhancement [20]

Group 1 - The People's Bank of China (PBOC) will conduct a 400 billion yuan Medium-term Lending Facility (MLF) operation on December 25, maintaining liquidity in the banking system [1] - The PBOC has established a monthly funding injection model, including 3-month and 6-month reverse repos, and 1-year MLF, with 300 billion yuan of MLF maturing in December [2] - The continuous net injection of MLF and reverse repos since 2025 has contributed to stable liquidity, supporting significant government bond issuance and an expected increase in social financing for the year [2] Group 2 - The Central Economic Work Conference emphasizes the need for a moderately loose monetary policy to stabilize economic growth and ensure reasonable price recovery, with flexible use of various policy tools [3] - In 2026, the PBOC is expected to continue using a combination of liquidity tools to maintain a stable and ample liquidity environment [3]

Core Viewpoint - The article highlights the historical significance of Yiman Street in Harbin, named after the anti-Japanese hero Zhao Yiman, who had a profound connection to the area and played a crucial role in labor movements during the Japanese occupation [1][3]. Historical Context - Yiman Street was originally named Shanjie and was established in 1915, later renamed in 1946 to honor Zhao Yiman [1]. - Zhao Yiman spent her final days in Harbin, where she was actively involved in labor organization and strikes against Japanese authorities [3]. Key Events - In April 1933, Zhao Yiman led a successful strike at the Harbin Electric Factory, forcing the Japanese puppet government to accept the workers' demands [5]. - Zhao was captured in November 1935 and subjected to torture but remained unyielding, ultimately being executed in August 1936 [5]. Memorialization - In the 1990s, a square named Yiman Square was built opposite the Northeast Martyrs Memorial Museum, featuring a statue of Zhao Yiman to honor her legacy [8]. - The article emphasizes the importance of remembering history and honoring the sacrifices made by heroes like Zhao Yiman [8].

Core Viewpoint - The article highlights the evolution of community-based childcare services in Shanghai, particularly focusing on the "Jiangjiaxiang Baby House," which has transformed from a simple childcare facility into a comprehensive platform for parenting education and social interaction among parents and children [1][12]. Group 1: Overview of Jiangjiaxiang Baby House - The Jiangjiaxiang Baby House is located in a converted residential unit in Shanghai's Jing'an District, featuring a playroom, reading room, and a dedicated space for babies [3][8]. - The facility operates from Monday to Friday, offering playtime for children aged 1 to 3, and has introduced weekly parenting lectures since March [10][12]. Group 2: Educational Approach and Parent Involvement - The Baby House emphasizes learning through interaction, where older children model behaviors for younger ones, fostering social skills and empathy [9][11]. - Parents are encouraged to engage with their children during play, share parenting experiences, and learn from professional educators, thus enriching the childcare experience [10][12]. Group 3: Development and Future Plans - The Baby House has evolved to include professional guidance and support, moving beyond mere supervision to a focus on educational methodologies [13]. - Shanghai's policy aims to increase the availability of childcare services, with a target of 4.5 childcare spots per 1,000 residents for children under three by the end of the "14th Five-Year Plan" [13][14]. - The Jing'an District has established 25 Baby Houses, ensuring coverage across all neighborhoods, and plans to optimize locations based on community needs [14].