Core Insights - FAW-Volkswagen is set to achieve the milestone of producing its 30 millionth vehicle on October 30, becoming the first passenger car manufacturer in China to reach this achievement [1] - The company has evolved from a single brand and model in 1991 to a comprehensive lineup of 33 models across three brands: Volkswagen, Audi, and Jetta, including both fuel and new energy vehicles [1] - Volkswagen has played a significant role in transforming China's automotive market from a "scarcity era" to a "popular era" with its classic models like Jetta and Bora [1] - Audi has pioneered the high-end car market in China, introducing innovations such as the extended wheelbase A6 (C5) in 1999 and is now focusing on smart luxury vehicles with the launch of the Q6L e-tron [1] Brand Developments - The Jetta brand has transitioned from a classic model to an independent brand, emphasizing German quality, and is launching the new mid-size SUV VS8, which has gained popularity for its high-quality design and comprehensive safety features [2] - Jetta plans to establish a new company to accelerate its transition towards new energy and intelligent vehicles, with a goal to introduce four new energy models by 2028 [2]

0:00 10月28日，由新华社中国经济信息社与中国茅台共同主办的2025赤水河论坛在贵州茅台镇举行，近400 位中外酒企代表、驻华使节等齐聚，以 "天地位育" 为主题共探行业未来。论坛启动 "世界酒业高质量 发展促进行动"，20多家知名酒企联合发布《国际名酒赤水河宣言》，推动世界酒业的交流互鉴、共荣 共生，同时开设"中西酒香跨文明对话"等分论坛，为中外酒文化深度交流搭建平台。 ...

10月29日，中信建投证券党委书记、董事长刘成在2025金融街论坛年会上发表演讲。 刘成指出，"十四五"时期推动经济增长动力从过去的"土地—财政—金融"循环，向"产业创新—科技创 新—金融"的全新循环演进。 如何更好地去适配"产业创新—科技创新—金融"的循环？刘成建议，首先，坚持问题导向，进一步打通 金融支持科技创新的痛点、卡点。 刘成表示，政府和公共机构在科技金融领域的主要痛点，在于平衡早期投资风险和国有资本保值增值的 需求，平衡项目商业利益和对地区经济的正外部效应。而企业和市场机构的主要痛点，在于如何创新金 融供给，以适应新产业需求的特点，如何平衡短期资本回报与长期资金需求，如何与社会资本合作形成 良性循环。 其次，金融业要坚持开放导向，加快推动金融国际化和国际统一大市场的建设。最后，坚持数字导向， 推动实现数字化金融与数字化经济的融合统一。 （文章来源：中国经营报） ...

Core Insights - The Ministry of Transport reported a decline in fixed asset investment in transportation, totaling 2.6 trillion yuan in the first three quarters of 2025, a decrease of 4.17% compared to the same period last year, marking the second consecutive year of decline [1] - Investment in various transportation modes showed mixed results, with railways and highways seeing increases, while waterway and private investments declined significantly [1][2] - The highest peak of transportation investment occurred in 2023, with a record 2.8775 trillion yuan, reflecting a year-on-year growth of 5.6% [1] Investment Breakdown - In the first three quarters, railway investment reached 593.7 billion yuan (up 5.80%), highway investment was 1.78 trillion yuan (down 6.15%), waterway investment was 160.5 billion yuan (up 1.84%), and private investment was 82.9 billion yuan (down 15.06%) [1] - Highway investment, which constitutes 70% of total transportation fixed asset investment, is primarily driven by local government and construction enterprises, both of which are currently facing funding pressures [2] Economic Impact - The Ministry of Transport emphasized that the transportation sector's economic performance remains stable, contributing to employment, business stability, and market expectations, thereby providing robust support for economic and social development [2] - In terms of freight, the total freight volume reached 43.25 billion tons in the first three quarters, reflecting a year-on-year increase of 3.89% [2] Port and Passenger Traffic - Port cargo throughput increased by 4.6% year-on-year, totaling 13.57 billion tons, with container throughput growing by 6.3% [3] - The number of cross-regional passenger movements reached 50.6 billion in the first three quarters, a 3.1% increase year-on-year, with rail and civil aviation showing significant growth [3]

Core Viewpoint - The impending expiration of the new energy vehicle (NEV) purchase tax exemption policy by the end of 2025 has prompted various automakers to introduce subsidy schemes to secure potential consumer demand [2][4]. Group 1: Policy Changes and Impacts - The NEV purchase tax exemption will continue until 2027, but the level of exemption will gradually decrease. From 2024 to 2025, the exemption will be up to 30,000 yuan per vehicle, while from 2026 to 2027, it will be halved to a maximum of 15,000 yuan [2]. - The China Automobile Dealers Association anticipates that the car market may achieve unexpected growth this year, with a projected retail volume of 24.5 million passenger vehicles, representing a year-on-year increase of over 7% [2]. Group 2: Automaker Strategies - Multiple automakers, including Xiaomi, Li Auto, and NIO, have launched purchase tax subsidy plans aimed at locking in orders before the end of 2025, with subsidies applicable for vehicles delivered in 2026 [4][5]. - The subsidy schemes are seen as a defensive strategy to stabilize cash flow and mitigate the impact of future policy changes, allowing companies to secure customer commitments in advance [5][6]. Group 3: Market Dynamics - As the fourth quarter approaches, traditional promotional activities are expected to intensify, with manufacturers and dealers preparing to boost sales to meet annual targets [6]. - The new technical requirements for NEV purchase tax exemptions, which include a minimum electric range for plug-in hybrid vehicles, are pressuring automakers to accelerate promotions and clear out low-range inventory [7].

如何更好地去适配"产业创新—科技创新—金融"的循环？刘成建议，首先，坚持问题导向，进一步打通 金融支持科技创新的痛点、卡点。 【中信建投刘成：坚持问题导向，进一步打通金融支持科技创新的痛点卡点】10月29日，中信建投证券 党委书记、董事长刘成在2025金融街论坛年会上发表演讲。 刘成表示，政府和公共机构在科技金融领域的主要痛点，在于平衡早期投资风险和国有资本保值增值的 需求，平衡项目商业利益和对地区经济的正外部效应。而企业和市场机构的主要痛点，在于如何创新金 融供给，以适应新产业需求的特点，如何平衡短期资本回报与长期资金需求，如何与社会资本合作形成 良性循环。 刘成指出，"十四五"时期推动经济增长动力从过去的"土地—财政—金融"循环，向"产业创新—科技创 新—金融"的全新循环演进。 其次，金融业要坚持开放导向，加快推动金融国际化和国际统一大市场的建设。最后，坚持数字导向， 推动实现数字化金融与数字化经济的融合统一。中经记者 郭婧婷 实习记者 孙小琴 北京报道 ...

Core Insights - The report titled "Aging: Are We Ready?" aims to depict the real-life scenarios of contemporary elderly individuals and discusses the theme of "aging with dignity" through surveys and in-depth interviews [1][2] Group 1: Findings on Aging - Aging is characterized not only by physical decline but also by fears related to memory loss and a perceived loss of self-worth [1] - Elderly respondents expressed feelings of sadness regarding their changing appearance and the emotional burden of relying on others for daily activities [1] Group 2: Caregiving Dynamics - The report highlights the challenges faced by the only-child generation, who are often spread across major cities and are anxious about receiving distressing calls from their elderly parents [1] - The phenomenon of "younger elderly" caring for "older elderly" is becoming increasingly significant, indicating a shift in intergenerational relationships under the pressures of caregiving [1] Group 3: Technological and Spatial Challenges - The lack of age-friendly design in homes poses safety risks for the elderly, while the digital divide complicates their ability to engage with the outside world [1] - Many elderly individuals feel "abandoned" due to their inability to operate smartphones and adapt to new technologies [1] Group 4: Community Support Initiatives - The report is based on 4,273 survey responses from individuals aged 55 and above, along with 415 public contributions, representing a systematic summary of Beike Public Welfare's seven years of work in community elder care [2] - Beike Public Welfare has expanded its services from teaching elderly individuals to use smartphones to include fall prevention and safety measures, addressing various needs such as digital literacy, home safety, and social connections [2]

阿布扎比国家石油公司代表现场见证此次签约，并深入了解峰飞航空eVTOL的性能参数与应用方案。 作为全球最大的石油和天然气生产商之一，ADNOC为阿布扎比酋长国政府全资所有，在2024年全球品 牌价值500强榜单中排名第128位。 猎鹰航空还运营着一支直升机机队，专门用于阿联酋和科威特的海上能源运输任务，也是阿布扎比国家 石油公司（ADNOC）海上作业的主要直升机服务提供商。 （文章来源：中国经营报） 10月27日，阿联酋猎鹰航空服务公司（Falcon Aviation Services，以下简称"猎鹰航空"）与峰飞航空科技 达成重大合作——猎鹰航空向峰飞航空订购50架eVTOL航空器，且首批将于2025年底启动交付，用于 阿布扎比国家石油公司运输。 猎鹰航空CEO，Raman Oberoi机长表示： "作为领先的航空服务提供商，猎鹰航空始终致力于为客户提 供更高效、更环保的出行与货运解决方案。峰飞航空在eVTOL领域的技术实力与适航进展，让我们对 合作充满信心。明确的交付时间表，有助于加速推动中东低空交通与能源行业的深度融合。" 《中国经营报》记者了解到，此次合作订单含15架载货机型V2000CG凯瑞鸥与35 ...

Core Insights - The article highlights the significant growth of Moutai's overseas revenue, surpassing 5 billion, with exports reaching 2,100 tons in 2025 [2] - The first Chishui River Forum will focus on the exchange of Chinese and foreign wine cultures, supporting Moutai's transition from "going abroad" to "internationalization" [2] - Moutai's strategy includes a "three-step" approach and six major systems to enhance its global presence [2] Group 1 - Moutai's overseas revenue has exceeded 5 billion, marking a substantial achievement in its international expansion efforts [2] - The company exported 2,100 tons of products in 2025, indicating a strong demand in international markets [2] - The upcoming Chishui River Forum is set to facilitate cultural exchanges, which may further bolster Moutai's brand recognition globally [2] Group 2 - Moutai's "three-step" strategy aims to enhance its international market penetration and brand positioning [2] - The implementation of six major systems is designed to support the company's global operations and marketing efforts [2] - The focus on cultural exchange at the forum reflects Moutai's commitment to integrating into the global wine culture [2]

《中国经营报》记者了解到，10月26日，贝好家上海1号作品——贝涟C1（贝涟景园）正式开盘，当日 即获得81组家庭认购，展现出市场对"以客户需求为导向"的好房子的期待与认可。 作为贝好家首个亮相的独立操盘项目，贝涟C1从产品定位、设计、建造等环节全面践行贝好家C2M （Customer to Manufacturer，从消费者到制造者）模式，并将"住得好>卖得好"的产品观贯穿于开发设 计全流程。项目围绕"景观、空间、智能"三大关键词，全面落地了可变户型、立体景观、懒生活等贝好 家特色"好产品"设计理念，为上海奉贤新城带来一座具有样本意义的品质住区。 截至2025年10月，贝好家已在北京、上海、广州、成都、西安、杭州、南京、长沙、佛山等地累计落地 17个项目，涵盖多种合作模式。未来，贝好家将持续深化C2M能力建设，为开发商、业主方、代建方 等合作伙伴提供涵盖产品定位、设计、建造、营销等从前端到后端的"C2M全链解决方案"，共同推动房 屋供给侧的品质升级，为市场带来更多"更好住"的好房子。 （文章来源：中国经营报） 据了解，在户型方面，贝涟C1推出97m²、118m²和139m²三种功能性改善定位的可变户型，97 ...