Core Viewpoint - In 2025, China's economy demonstrated resilience and growth amid complex domestic and international environments, maintaining its position as the world's second-largest economy and contributing significantly to global economic growth through high-quality development and openness [1][2][3]. Economic Performance - The industrial added value for large-scale industries increased by 5.9% year-on-year, while total goods import and export rose by 3.8% [2]. - Final consumption expenditure contributed over 50% to economic growth, with real disposable income per capita increasing by 5.0%, aligning with economic growth [2]. - China's GDP surpassed 140 trillion yuan for the first time, achieving a year-on-year growth of 5.0% and successfully meeting annual economic growth targets [2][3]. Government Initiatives - The Chinese government implemented various economic stimulus measures, including a trade-in policy for consumer goods like home appliances and automobiles, which boosted retail sales of consumer goods [2][3]. - International organizations, including the International Monetary Fund, have raised their growth forecasts for China, attributing this to effective government measures that stimulated domestic demand and boosted economic confidence [3]. Innovation and Technology - Research and development expenditure intensity reached 2.8%, exceeding the OECD average for the first time, with China ranking in the global top ten for innovation index [4]. - Significant growth was noted in advanced technology sectors, with production increases in civil drones (37.3%), 3D printing equipment (52.5%), industrial robots (28.0%), and new energy vehicles (25.1%) [4]. - China's advancements in green technologies, such as electric vehicles and solar panels, have solidified its position as a global manufacturing hub [4][6]. Global Economic Impact - China's economic growth is projected to contribute approximately 30% to global economic growth, making it one of the most stable and reliable sources of economic momentum worldwide [7]. - The country's governance model, emphasizing cohesion, order, and long-term planning, has been identified as a key factor in its economic success [7][8].

Group 1 - The meeting held by the Central Commission for Discipline Inspection and National Supervisory Commission on January 26 emphasized the need to continue strong efforts in addressing corruption and misconduct affecting the public, with a focus on achieving greater effectiveness in 2026 [1] - Liu Jinguo highlighted that while there have been significant achievements in the concentrated rectification efforts, the tasks ahead remain challenging, necessitating greater determination and strength from disciplinary inspection and supervision agencies [1] - Key areas of focus for rectification include the management of rural collective assets, medical insurance fund management, elderly care services, and high-standard farmland construction, along with addressing major livelihood issues such as complaints and inadequate assistance for vulnerable groups [1] Group 2 - The meeting called for increased case handling efforts to severely punish minor corrupt practices and ensure that misappropriated assets are returned to the affected communities [1] - There is a push for strengthening supervision and regulation, solidifying grassroots foundations, and promoting sustainable governance practices [1] - The importance of establishing and practicing a correct view of performance, with a pragmatic and localized approach to rectification work, was also emphasized [1]

智驾汽车如何迅速识别车道线？"百鸟河数字小镇"里有答案。 目前，贵州在建和投运的数据中心达50个，算力规模达160百亿亿次/秒，其中智算占比超98%。 将31个亿元项目纳入算力中心项目库，对正在施工的算力项目实行"一对一"精准服务；计划每年继续发 放算力券，降低企业算力使用成本。贵州加快打造面向全国的算力保障基地。 抢占数据赛道，培育产业生态—— 在镇内的数据标注企业，把真实的道路图片标注成高质量数据集，为智驾系统训练提供"养料"。作为贵 州省首个县级大数据产业园，2025年，"百鸟河数字小镇"年产值4.5亿元、培养数字人才逾3000人，眼 下正全力提升科技水平，提高资源集聚和辐射带动能力。 以数据标注产业为突破口，贵州加快构建覆盖数据采集、标注、交易、应用的全产业链生态。2025年， 贵州数智产业产值突破2800亿元，"十四五"时期年均增速超16%。 2025年3月，习近平总书记在贵州考察时强调，"做强做优数字经济、新能源等产业"。2021年2月，习近 平总书记春节前夕赴贵州看望慰问各族干部群众，希望贵州"在实施数字经济战略上抢新机"。 贵州坚持算力、数据、应用、产业联动，壮大数智产业集群，扎实推进数字经济 ...

Core Insights - The Chinese government is focusing on boosting consumption and expanding two-way investment in 2026, following a stable performance in 2025 where retail sales exceeded 50 trillion yuan for the first time, reaching 50.1 trillion yuan, a 3.7% year-on-year increase [2][3]. Group 1: Consumption and Economic Growth - The Ministry of Commerce aims to enhance the supply levels in cultural entertainment, tourism, dining, sports events, and healthcare sectors, with a dual approach of "policy + activities" to stimulate consumption [2]. - In 2025, the contribution of consumption to economic growth increased by 5 percentage points to 52%, with retail sales of consumer goods reaching 50.1 trillion yuan [2]. - The service retail sector saw a year-on-year growth of 5.5%, with significant increases in leisure, tourism, and transportation services [2][3]. Group 2: Policy Initiatives for 2026 - The Ministry of Commerce plans to implement policies to promote the replacement of old consumer goods, particularly in automobiles and electronics, and to support the automotive consumption potential [3]. - Over 20 "Buy in China" themed activities will be organized in 2026, focusing on product and service consumption [3]. - The government will accelerate the development of international consumption centers and improve the consumption environment through new business models and scenarios [3]. Group 3: Foreign Trade and Investment - In 2025, China's total goods import and export reached 45.47 trillion yuan, a 3.8% increase, with over 780,000 active trading entities, of which private enterprises accounted for 57.3% of total foreign trade [4][5]. - The number of newly established foreign enterprises exceeded 70,000, a 19.1% increase, with foreign investment amounting to 747.69 billion yuan, 32.3% of which was in high-tech industries [4][6]. - China is enhancing its foreign investment support policies and promoting equal participation of foreign enterprises in government procurement and bidding activities [6]. Group 4: International Cooperation and Trade Agreements - China signed 24 free trade agreements with 31 countries and regions, covering 45% of its total goods trade, and is actively participating in global trade discussions [7][9]. - The Belt and Road Initiative saw trade with partner countries reach 23.6 trillion yuan, a 6.3% increase, contributing to a growing number of cooperative agreements in various sectors [7][8]. - China is committed to providing more global public goods and enhancing cooperation with developing countries, particularly in the context of the World Trade Organization [8].

与此同时，山西全方位推动煤炭开采由传统方式向绿色开采转变，目前累计建成绿色开采示范煤矿75 座，同时还有200多座煤矿探索应用了绿色开采技术，煤炭开采更加清洁高效。 作为全国重要的综合能源基地，山西煤炭资源丰富且种类齐全。据统计，"十四五"时期，山西省新增煤 炭产能1.5亿吨/年，日均产量稳定在350万吨以上，累计生产原煤约65亿吨，占全国总产量的近三成； 以长协价为24个省份保供电煤20亿吨以上，有力保障了国家经济社会发展的用能需要。 本报太原1月26日电（记者马睿姗）记者近日从山西省统计部门获悉：2025年山西省规模以上工业原煤 总产量超13亿吨，同比增加2.1%，约占全国同期产量的27%。 ...

Core Viewpoint - In 2025, China's economy demonstrated resilience and growth amid complex domestic and international environments, maintaining its position as the world's second-largest economy and contributing significantly to global economic growth through high-quality development and openness [1][2][3]. Economic Performance - The industrial added value for large-scale industries increased by 5.9% year-on-year, while total goods import and export rose by 3.8% [2]. - Final consumption expenditure contributed over 50% to economic growth, with real per capita disposable income increasing by 5.0%, aligning with economic growth [2]. - China's GDP surpassed 140 trillion yuan for the first time, achieving a year-on-year growth of 5.0% [2][3]. Government Initiatives - The Chinese government implemented various economic stimulus measures, including a trade-in policy for consumer goods, which boosted retail sales of consumer goods [2]. - The government's actions effectively stimulated domestic demand and enhanced national economic confidence [3]. Innovation and Technology - R&D expenditure intensity reached 2.8%, exceeding the OECD average for the first time, indicating a strong focus on innovation [4]. - China made significant advancements in emerging technologies, with notable growth in the production of civilian drones (37.3%), 3D printing equipment (52.5%), industrial robots (28.0%), and new energy vehicles (25.1%) [4]. Global Economic Contribution - China's economic growth is projected to contribute approximately 30% to global economic growth, positioning it as a stable and reliable source of economic momentum [7]. - The country is recognized as a key player in global trade and finance, continuing to enhance its role as a global economic engine [3][7]. Governance and Strategic Planning - The political leadership of the Chinese Communist Party and its long-term planning have created significant advantages for the country's development [7]. - China's governance system emphasizes cohesion, order, and long-term planning, which has been pivotal in its economic success [7].

Group 1 - The unique attractiveness of Hong Kong as an investment destination for global companies continues to increase, with the number of companies based in Hong Kong expected to reach 11,070 by 2025, marking a historical high [1] - The number of companies in Hong Kong increased by 1,110 compared to 2024, representing an 11% year-on-year growth, with employment reaching 509,000, a 3% increase [1] - Mainland China accounts for the largest number of companies in Hong Kong, totaling 3,090, with the highest concentration in import-export trade, wholesale and retail (5,100 companies), followed by financial and banking services (2,390 companies) and professional, commercial, and educational services (1,770 companies) [1] Group 2 - The significant growth in the number of companies in Hong Kong, especially from various global regions, reflects the strong confidence of international and mainland enterprises in Hong Kong's business environment [2] - The Hong Kong government is enhancing competitiveness through measures such as establishing a task force for mainland enterprises, implementing targeted incentive policies, accelerating the development of the Northern Metropolis, and expanding overseas trade offices [2] - Future efforts will focus on aligning with national development strategies, assisting mainland enterprises in expanding into international markets through Hong Kong, and attracting more high-potential companies to further solidify Hong Kong's position as a key international business and investment hub [2]

直击"内卷式"竞争问题 财政部、国家税务总局1月9日发布公告称，自2026年4月1日起，全面取消249项光伏相关产品的增值税 出口退税，退税率从现行9%直接降至0，这也是光伏产业2013年纳入出口退税体系以来首次全面取消退 税；自2026年4月1日起至2026年12月31日，将电池产品的增值税出口退税率由9%下调至6%；2027年1 月1日起，取消电池产品增值税出口退税。 此前，光伏、电池等产品出口退税率已自2024年12月1日起，由13%下调至9%。财政部综合司司长李先 忠表示，此次下调相关产品出口退税率，是在2024年12月下调基础上，结合实际情况进一步作出的政策 调整。 何为出口退税？出口退税是一项重要税收制度安排，它是指国家对出口企业出口的货物、劳务或服务免 征增值税和消费税，并退还出口的货物、劳务或服务在国内生产流转环节已缴纳过的增值税和消费税。 长期以来，中国对大多数产品实行出口退税政策，并结合经济社会发展需要适时进行调整。 "中国经济已进入加快绿色化、低碳化的高质量发展阶段。此次调整有利于促进资源高效利用，减少环 境污染和碳排放，推动经济社会发展全面绿色转型。同时，有利于引导产业结构合理调整，促 ...

Group 1 - The core viewpoint of the article is that the Ministry of Finance has issued a notice to address the issue of "involution-style" low-price competition in government procurement, aiming to establish a market order characterized by quality and fair pricing, effective from February 1, 2026 [1] - The notice highlights that low-price competition among suppliers can lead to poor quality products and unstable service supply, disrupting market order [1][2] - The Ministry of Finance emphasizes the need for procurement entities to set reasonable maximum prices based on comprehensive market research and to manage procurement projects effectively, especially in areas like information technology and medical equipment [1][2] Group 2 - The notice specifies four conditions that trigger a review for abnormal low pricing, including bids below 50% of the average bid of compliant suppliers and below 45% of the maximum price [2] - It mandates that procurement entities must take responsibility for contract fulfillment and conduct thorough acceptance checks, focusing on the actual performance of suppliers who win contracts despite low bids [2] - The Ministry of Finance plans to continue optimizing the government procurement market and will conduct special inspections on over 80,000 government procurement projects executed by more than 19,000 agencies starting in 2024 [2][3]

然而，图像识别软件并非百分之百准确，扫描后的内容仍需人工校对与甄别。在这一过程中，团队联合 中国农科院等机构统一数据格式和指标体系，通过建立"数据清洗—标注—审核—入库"的全流程质控体 系，剔除重复、低质数据。"就像教育需要优质教材，训练大模型同样离不开高质量的农业数据。"王耀 君解释说，"这是决定神农大模型能不能立得住的关键一步。" 仅有书本知识，培养出的大模型多半只能"纸上谈兵"。为了让神农大模型真正"接地气"，团队来到全国 20多个省份，收集真实的土壤成分、灌溉记录、病虫害记录、气象灾害影响等全链条数据。这些带着泥 土气息的一手资料，与书本理论相互校验、融合，共同构成了大模型理解真实世界的基础。 算力则是另一道难题。通常情况下，提高算力意味着采购昂贵的芯片，这对本就没有多少经费来源的团 队来说难以承受。"我们不能走堆砌算力的一般路线，必须用更聪明的算法来实现目标。"王耀君告诉记 者，团队创新性地采用了MOE架构（混合专家模型），结合模型压缩与剪枝算法，在有限条件下优化 训练效率，显著降低大模型训练和推理的算力成本。 一走进中国农业大学信息与电气工程学院副教授王耀君的办公室，记者便被一台通体白色的设备所吸 ...