本报（chinatimes.net.cn）记者张智 北京报道 12月8日，中共中央政治局召开会议，分析研究2026年经济工作。这是中央经济工作会议的前瞻会议， 为明年中国经济发展确定方向。 2025年是中国式现代化进程中具有重要意义的一年，过去5年，我们有效应对各种冲击挑战，我国经 济、科技、国防等硬实力和文化、制度、外交等软实力明显提升，"十四五"即将圆满收官，第二个百年 奋斗目标新征程实现良好开局。 会议指出，明年经济工作要坚持稳中求进、提质增效，继续实施更加积极的财政政策和适度宽松的货币 政策，发挥存量政策和增量政策集成效应，加大逆周期和跨周期调节力度，切实提升宏观经济治理效 能。 "从会议来看，宏观政策操作仍以宽松为基调，但体现出显著的政策'效能'大于政策'规模'的特征。"远 东资信研究院副院长张林告诉《华夏时报》记者。 申万宏源证券首席经济学家赵伟也在解读会议内容时对《华夏时报》记者表示，稳中求进的表述指向 2026年作为"十五五"开局之年，经济增速目标设置在5%左右的概率较大。 宏观政策微调 "十四五"时期，我国在复杂严峻的内外环境中迎难而上，为"十五五"时期的发展奠定了坚实的基础。 不过，中国人 ...

Core Insights - Airwallex has completed a Series G funding round, raising $330 million, with a valuation of $8 billion, reflecting a nearly 30% increase from its previous funding round [2][3] - The funding will enhance Airwallex's technological edge and expand its strategic presence in the U.S. and other key global markets [2] - The company reported an annualized revenue exceeding $1 billion in October, a 90% year-on-year increase, and a transaction volume surpassing $235 billion, doubling year-on-year [3] Funding Details - The Series G round was led by Addition, with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures, and TIAA Ventures [2][4] - Airwallex plans to establish a second global headquarters in San Francisco, aiming to double its U.S. team to over 400 within the next 12 months [4] Market Position and Growth - Airwallex has become a prominent player in the fintech sector, with nearly 40% of its revenue now coming from North America and Europe [5] - The company holds 80 licenses globally, enabling operations in over 200 countries, which supports its multi-currency settlement capabilities [3][5] Industry Context - The cross-border payment sector is experiencing significant growth, driven by globalization and the rapid expansion of cross-border e-commerce [9] - Investment in cross-border payment firms is increasing due to the demand for localized manufacturing and the inadequacy of traditional banking services to meet the needs of local businesses [9] - Regulatory support and advancements in compliance technology are enhancing market confidence in the cross-border payment industry [8]

值得注意的是，招商银行的"五险一金"服务并未止步于查询本身。在医保码场景，支持"长按App图标 快速展码"，平均展码速度仅0.3秒，让客户在挂号、就医、购药时无需携带实体卡，就医购药快人一 步；电子社保卡功能涵盖社保缴纳、社保转移、失业保险金申领、退休待遇测算等多项社保服务，全程 线上办理，方便快捷；公积金服务实现查询、提取、缴纳等全流程线上化，并支持异地转移接续、信息 查询授权办理，个人证明"亮码可办"。此外，结合人工智能技术推出智能政务助理，用户授权后即可实 现自然对话，进行医保账单查询、社保查询、公积金提取，在保护个人隐私的基础上为客户提供线 上"一语即办"服务新体验，真正让政务服务省时又省心。 招商银行通过科技创新，将原来需要"跑腿办"的事项转变为"一键查询""一语即办"，真正实现"数据多 跑路，群众少跑腿"。同时，依托金融科技实力为用户提供了更为稳定、流畅的使用体验。这些创新不 仅是功能的拓展，更是银行助力提升社会治理效率和普惠金融服务水平的具体实践。据悉，招商银行五 险一金线上化服务已覆盖全国，累计接入1731项政务服务，年服务用户超过4000万人次。 适老化改造：让银发族从"怕用手机"到"爱用手 ...

Core Viewpoint - Wind energy has become a major force in global energy transition, recognized for its technological maturity, environmental friendliness, and potential for large-scale application [1] Group 1: Wind Power Development in China - China has rapidly developed into a global leader in wind power, with significant advancements in technology, scale, offshore wind development, and digital applications [2] - In 2004, China's cumulative installed wind power capacity was less than 1 million kW, representing only 1.2% of the global total. By 2014, this figure surpassed 100 million kW, accounting for 27% of global capacity [2] - By 2025, China's cumulative installed wind power capacity is expected to exceed 600 million kW, doubling from 2020 levels, with an average annual increase of over 60 million kW during the 14th Five-Year Plan period [2] Group 2: Offshore Wind Power - As of September 2023, China's offshore wind power capacity reached 44.61 million kW, maintaining its position as the global leader, accounting for over half of the world's total offshore wind capacity [2][3] - The global offshore wind power capacity is projected to reach 83.2 GW by the end of 2024, a 10.6% increase from 2023, with China holding the largest share [3] Group 3: Cost Reduction in Wind Power - The cost of wind power has significantly decreased, making it a competitive option in the global energy market. By 2024, over 90% of renewable energy projects will have lower generation costs than the cheapest fossil fuels [4] - The average cost of onshore wind power in China has dropped to between 0.1 and 0.15 CNY/kWh, while offshore wind power averages around 0.33 CNY/kWh [4] - Future projections indicate that offshore wind project costs will decrease to between 8,700 and 11,700 CNY/kW by 2025, and further to 7,800 to 10,500 CNY/kW by 2030 [5] Group 4: Challenges in Global Energy Transition - Despite the advantages of wind power, the global energy transition faces challenges such as regional development imbalances and technological bottlenecks [7] - The COP28 aims for a threefold increase in renewable energy capacity by 2030, but achieving this requires overcoming supply chain limitations and addressing regional disparities in technology and infrastructure [7] - Global cooperation is essential to support countries, especially in the Global South, in utilizing clean energy effectively [8]

Group 1 - The European Union (EU) imposed a fine of €120 million (approximately ¥990 million) on Elon Musk's social media platform X, which was described by U.S. President Trump as "bad and inappropriate" [1][2] - The EU's decision to penalize X was based on three main reasons: the misleading nature of X's "blue check" certification, non-compliance in advertising transparency, and failure to provide public data access to eligible researchers [4] - This fine has sparked significant backlash from U.S. officials, with Trump warning that further penalties on U.S. tech companies could lead to increased tariffs on the EU [6][7] Group 2 - Musk criticized the EU's fine as "absurd" and called for the abolishment of the EU, indicating a strong personal and corporate response to the regulatory actions [6][9] - The EU has been actively investigating and fining multiple U.S. tech companies this year under the Digital Services Act and Digital Markets Act, with previous fines including €500 million for Apple and €200 million for Meta [7][8] - U.S. officials, including Vice President Vance and Secretary of State Rubio, have publicly supported Musk, framing the EU's actions as an attack on American companies and questioning the legitimacy of the EU's regulatory framework [9]

风能作为技术成熟、环境友好、规模化应用潜力巨大的可再生能源，如今已成为全球能源转型的主力 军。 中国可再生能源学会风能专业委员会秘书长秦海岩近期对《华夏时报》记者表示，能源是人类生存发展 和过上美好生活的根基，人均能源的使用量某种程度上代表了一个国家的经济发展和人民的生活水平。 很多国家已经将大力开发风电作为其推动能源转型、实现能源独立和安全的重要举措。摆在我们面前有 一条新的道路，那就是开发利用可再生能源来实现可持续发展。 风电装机提速 经过多年发展，中国已跃升为全球风电强国，在技术、规模、海上风电开发、数字化应用与产业链供应 链等方面引领世界。 风电成本的持续下降，让其成为全球能源市场的"性价比之选"。根据国际可再生能源署的分析，2024年 投产的所有可再生能源项目中，超过90%的发电成本已经低于最便宜的新型化石燃料能源。相比而言， 不久前太阳能成本还是化石燃料的四倍，而现在则便宜41%，海上风电成本便宜53%。 相关数据显示，2004年，中国风能产业属起步阶段，累计装机容量不足100万千瓦，仅占全球总装机的 1.2%，风电装备基本依赖进口。2014年中国风电累计并网容量突破1亿千瓦，占全球风电装机的27 ...

Core Viewpoint - The article highlights the integration of technology in enhancing the lives of individuals with disabilities, showcasing innovative assistive products at the Special Olympics, emphasizing the theme of "technology empowerment and humanistic care" [2][12]. Group 1: Assistive Technology Innovations - A demonstration area for assistive technology products was established at the Special Olympics, featuring cutting-edge solutions from the Greater Bay Area aimed at addressing various challenges faced by people with disabilities [2]. - The all-terrain stair-climbing robot wheelchair from Foshan Kaiyang Medical Equipment Co., Ltd. can automatically adjust its seating position and climb up to 1,120 steps, with a flat terrain range of 35 kilometers [4]. - The brain-controlled wheelchair developed by Huazhong Brain Control (Guangdong) Intelligent Technology Co., Ltd. utilizes a headband to collect brain and eye signals for comprehensive control, specifically designed for patients with severe physical disabilities [6]. Group 2: Vision Assistance Technologies - The AI-based smart glasses, known as "Guide Rabbit," provide real-time environmental perception and precise path planning for visually impaired individuals, capable of describing surroundings through voice [8]. - The smart guide dog, priced at 30,000 yuan, offers navigation and obstacle avoidance features, previously showcased at the United Nations and set to assist visually impaired attendees during the Special Olympics [10]. Group 3: Broader Impact and Community Engagement - The showcased products reflect the technological capabilities and social responsibility of companies in the Greater Bay Area, with Shenzhen Youbixun Technology Co., Ltd. presenting the Wukong robot for companionship and support [10]. - The event serves as a platform to promote awareness of assistive technology advancements, fostering inclusivity and improving the quality of life for individuals with disabilities [12].

Core Viewpoint - The National Development and Reform Commission announced a reduction in domestic gasoline and diesel prices by 55 yuan per ton, effective from December 8, 2025, due to fluctuations in international oil prices and a negative change rate in crude oil prices [2][3]. Price Adjustment Details - The average price of crude oil was reported at $61.01 per barrel, with a change rate of -1.09%, leading to the price reduction of gasoline and diesel [3]. - Specific price adjustments include a decrease of 0.04 yuan per liter for 89 and 92 octane gasoline, a decrease of 0.05 yuan per liter for 95 octane gasoline, and a decrease of 0.05 yuan per liter for 0 diesel [3]. Yearly Price Trends - This adjustment marks the 24th price change in 2025, with a total of 11 reductions and 7 increases throughout the year, resulting in an overall decline in fuel prices [4]. - Year-to-date, gasoline and diesel prices have decreased by 745 yuan per ton and 715 yuan per ton, respectively [4]. Impact on Consumers - The price reduction will lower fuel costs for private car owners and logistics vehicles, with estimated savings of 2 yuan for filling a 50-liter tank of 92 octane gasoline and 89 yuan for heavy trucks running 10,000 kilometers per month [4]. International Oil Market Dynamics - International crude oil prices have shown a downward trend, influenced by geopolitical tensions and increased U.S. oil inventories, which have suppressed price increases [5][6]. - The U.S. Energy Information Administration reported increases in crude oil, gasoline, and distillate inventories, indicating weak demand [6]. Future Price Expectations - Analysts predict a potential increase in domestic fuel prices in the next adjustment cycle due to ongoing geopolitical instability and anticipated actions from the Federal Reserve [7][8]. - The next price adjustment window is expected to occur on December 22, 2025, with varying opinions on whether prices will rise or remain stable [6][7].

Core Viewpoint - Bosideng positions itself at the forefront of extreme cold exploration through technological innovation, emphasizing its long-standing commitment to providing warmth in extreme environments, as demonstrated during its recent polar-themed event in Harbin [1][20]. Group 1: Event Highlights - The event titled "Life Meets the Polar" was held on December 7 in Harbin, featuring notable attendees including government officials, industry experts, and brand ambassadors, showcasing Bosideng's 49 years of craftsmanship and 28 years of polar exploration collaboration [1][3]. - A snow sculpture inspired by China's first domestically built polar research icebreaker, "Snow Dragon 2," was unveiled, symbolizing Bosideng's narrative of overcoming cold challenges [3][5]. Group 2: Product Innovation - The sixth generation of the extreme cold series was launched, designed for polar exploration, featuring advanced thermal technology capable of withstanding temperatures as low as -60°C [5][7]. - The new series incorporates a three-layer thermal technology system, including GORE-TEX fabric, a unique insulation structure mimicking polar bear fat, and a patented moisture-wicking system, enhancing breathability and warmth retention [5][14]. Group 3: Brand Philosophy and Market Position - Bosideng's founder, Gao Dekang, emphasized the brand's mission to create high-quality down jackets that can withstand extreme conditions, reflecting a commitment to innovation and excellence in the down apparel industry [7][20]. - The company has achieved significant market presence, with its down jackets sold in 72 countries and a cumulative sales figure exceeding 200 million units, maintaining a leading position in the domestic market for 30 consecutive years [18][16]. Group 4: Research and Development Strategy - Bosideng is focusing on a dual approach of research and industry integration to enhance its cold protection technology, with plans to establish a smart manufacturing facility in Harbin to streamline production processes [14][15]. - The brand has accumulated 1,520 patents, establishing a strong technological barrier and driving innovation in the down apparel sector [16][18]. Group 5: Future Outlook - The Chinese down apparel market is projected to exceed 227 billion yuan in 2024, with a compound annual growth rate of 11.5% from 2020 to 2025, indicating a shift in consumer demand towards functional and fashionable products [16]. - Bosideng aims to leverage its expertise in down technology to expand its product matrix, addressing diverse market needs while maintaining a focus on high-quality, innovative offerings [16][18].

Core Viewpoint - The recent adjustment of risk factors for insurance companies by the Financial Regulatory Bureau aims to encourage long-term investment and stabilize the capital market structure, particularly benefiting the A-share market and promoting value investment [2][3]. Group 1: Policy Adjustments - The new notification introduces a differentiated reduction in risk factors for insurance companies holding specific stocks long-term, with a focus on encouraging stable investment behaviors [3]. - The risk factor for stocks held over three years in the CSI 300 index is reduced from 0.3 to 0.27, while for stocks held over two years in the STAR Market, it is reduced from 0.4 to 0.36 [3][4]. - This adjustment reflects a shift in regulatory philosophy from "scale-oriented" to "behavior-oriented," aiming to cultivate institutional investors that are committed to the capital market and the growth of quality enterprises [5]. Group 2: Market Impact - The estimated release of minimum capital due to the new policy could be around 326 billion yuan, with potential market inflow of approximately 1,086 billion yuan if all funds are allocated to the CSI 300 stocks [5]. - The policy is expected to guide funds towards three asset categories: large-cap blue chips in the CSI 300, high-dividend low-volatility stocks in the CSI 100, and innovative growth stocks in the STAR Market [5][6]. - Following the announcement, insurance indices saw significant increases, with leading companies like China Pacific Insurance and Ping An Insurance rising over 5% in a single day, indicating positive investor sentiment towards the policy [6]. Group 3: Long-term Investment Strategy - The new regulations provide insurance companies with more flexibility to adjust their asset structures, particularly in a low-interest-rate environment where fixed-income returns are under pressure [7]. - Experts emphasize that insurance companies should focus on strategic asset allocation based on liability duration and cash flow characteristics, prioritizing investments in companies with stable dividends and strong governance [7]. - Different-sized insurance companies may adopt varied strategies, with larger firms likely to optimize their long-term asset portfolios more effectively than smaller firms, which may rely on indirect investments through funds or ETFs [8]. Group 4: Broader Regulatory Context - The adjustments to risk factors for equity investments are part of a broader regulatory strategy that also includes lowering risk factors for export credit insurance, reflecting a comprehensive approach to support both the capital market and the real economy [8][9]. - The series of policy adjustments since 2023, including previous reductions in risk factors for the CSI 300 and STAR Market stocks, indicate a sustained effort to encourage insurance capital to enter the market [9]. - The role of insurance capital as a long-term funding source is expected to become increasingly prominent, contributing to the development of direct financing and enhancing the interaction between finance and the real economy [9].