Core Viewpoint - The launch of the 53-degree 500ml Flying Moutai on the iMoutai APP signifies a shift towards a market-oriented marketing system for Moutai, with a focus on direct online sales and limited daily supply to prevent speculation [1][8]. Group 1: Product Launch and Sales Strategy - The 53-degree 500ml Flying Moutai was released on January 1, 2026, at a price of 1499 yuan, selling out quickly, indicating high demand [1]. - Each user can purchase a maximum of 12 bottles per day, with daily sales limited to prevent market speculation and ensure stability [5][8]. - The product lineup includes various specifications and series, with the 2026 new wine and past years' wines available for purchase [5]. Group 2: Market Dynamics and Pricing - Moutai has historically operated under a dual pricing system, leading to significant price discrepancies between official prices and actual market prices, with differences reaching up to 2000 yuan [6]. - The offline sales prices have been declining, with the price dropping from 2750 yuan in 2024 to around 1780 yuan in December 2025 [6]. - A fake document circulated in December 2025, causing concern among distributors and highlighting the ongoing issues with price declines [7]. Group 3: Strategic Changes and Market Positioning - Moutai's recent initiatives, including the cancellation of the distributor distribution system and direct online sales, aim to regain market pricing power and respect market dynamics [8]. - The shift towards a market-oriented approach is seen as a significant move for the industry, potentially influencing other players in the high-saturation market [8]. - The company aims to balance maintaining its high-end brand image while expanding market coverage through these reforms [9].

李晓鹏摄 3 SALES AND 1 转自：北京日报客户端 2026年1月1日清晨，旭日东升，雄伟的八达岭长城迎来新年第一缕灿烂阳光，粉色的朝霞倾洒在古老城 垣，勾勒出一幅雄浑壮美的画卷。 游人们置身于长城之上，沐浴温暖晨光，脸上绽放出灿烂笑容，带着喜悦许下新年愿望。 来源：北京日报客户端 作者: 李晓鹏 ...

Core Viewpoint - The development of whole-process people's democracy is a significant concept in Xi Jinping's thought on socialism with Chinese characteristics for a new era, emphasizing the importance of the People's Congress system in promoting high-quality development of the National People's Congress (NPC) work [2][3][4]. Group 1: Whole-Process People's Democracy - Whole-process people's democracy is a major original contribution by Xi Jinping to the theory and practice of socialist democratic politics, closely linked to the People's Congress system [3]. - The concept was first introduced in November 2019 and has since been systematically elaborated, marking a new height in the Party's understanding of the development laws of democratic politics [3][4]. - This form of democracy is characterized by complete institutional procedures and participation practices, creating a new political civilization [4][5]. Group 2: People's Congress System - The People's Congress system is the fundamental political system that guarantees the people's role as masters of the country, with all state power belonging to the people as per the Constitution [10]. - The system ensures that all levels of government are elected by the people and are accountable to them, reflecting the principle of people's democracy [10][11]. - The NPC and its Standing Committee play a crucial role in legislative processes, ensuring that laws reflect the will of the people and protect their rights [12]. Group 3: Implementation and Development - The implementation of whole-process people's democracy is essential for achieving the goals of the Party and the people, requiring the NPC to uphold the Constitution and laws effectively [14][15]. - There is a strong emphasis on the Party's leadership in the work of the NPC, ensuring that the Party's policies are translated into national will through legal procedures [15][17]. - Mechanisms to gather public opinion and enhance participation in legislative and supervisory processes are being developed to ensure that the voices of the people are heard and considered [18][19].

转自：北京日报客户端 1月1日，一轮红日从东方升起，此刻站在石景山首钢园功碑阁上，迎接新年第一缕阳光。阳光下，一幅 山水融城的绝美画卷映入眼帘。近处的首钢园，大自然的美景搭配工业风的建筑，碰撞出剪影的独特景 致。远处的中国尊、中央电视塔标志性建筑在晨曦中清晰可见，市民游客共同见证这充满希望与美好的 新年时刻。 a a 京日报客户端 来源：北 ...

Group 1 - The core matchup of the CBA regular season features Beijing Beiqi facing Guangdong Dongyangguang, highlighting a significant rivalry known as the "Jing-Yue Battle" [1] - Both teams have shown strong performances this season, with Beijing Beiqi achieving a record of 7 wins and 1 loss, while Guangdong Dongyangguang remains undefeated with 8 wins [1] - The match is set to take place on New Year's Day, with both teams aiming for a victory to start 2026 on a positive note [1] Group 2 - The anticipation for the match is high, as both teams are expected to compete fiercely, reflecting their aspirations for the championship [1] - The game will be held at Shougang Park, adding to the significance of the event as both teams seek to establish momentum for the new year [1]

转自：北京日报客户端 《闲聊波尔卡》轻快灵动，《瑶族舞曲》风情浓郁，《红色娘子军》激昂回荡……岁末年初，北京"钟 鼓齐鸣 京彩启程"系列跨年活动精彩纷呈。12月31日晚，2026年维也纳新年音乐会国内主会场首次落户 北辰集团旗下国家会议中心二期，一场东西方文化交融的艺术盛宴在"国家会客厅"上演，与市民共迎新 年。 新年音乐会现场 自1987年维也纳新年音乐会首次与中国观众见面以来，这一音乐盛宴已成为陪伴几代人辞旧迎新的文化 符号。今年，中央广播电视总台不仅全程转播维也纳音乐会，还有5场"国会国韵"新年音乐会及新年当 天长达11小时的"全球共此时"直播特别节目同步推出。 其中，12月29日至31日，在国家会议中心二期上演的3场预热音乐会，率先点燃跨年热情。此次"中国地 标遇见世界音乐"的盛典，由青年指挥家俞极执棒，中国爱乐乐团以巅峰阵容献上多首经典。 本次音乐会是国家会议中心二期创新推出"国会国韵"新年音乐会品牌的首演，也是该场地引入世界级文 化IP、丰富首都文化供给的重要实践。作为享有"国家会客厅"美誉的会展地标，国家会议中心二期 以"鲲鹏展翅"之姿融合建筑之美与音乐之韵，与维也纳新年音乐会的气质相得益彰。 ...

转自：北京日报客户端 随着最后一根钢梁起吊，中关村东升科技园二期L18地块项目于年末实现全面结构封顶。这座建设规模 达15万平方米，包含3栋科研楼、1栋配套楼及地下四层车库的综合性科技园区，从蓝图迈入建设新阶 段。 智能建造是贯穿本项目的一大亮点。项目负责人介绍，其中最亮眼的创新之一，是一项已成功申报专利 的"可调节支吊架技术"。在传统的机电管线安装中，各专业管道"打架"、现场反复修改切割的情况屡见 不鲜，"我们通过深度应用BIM技术，在设计阶段就对所有管线进行数字化三维排布，提前化解冲突。" 该技术的落地，带来了明显成效。该项目吊架安装返工率从30%骤降至3%以内，实现了从传统的"拆改 补"到"一次安装到位"，不仅保障了质量，更大幅节约了人工、材料与时间。 据悉，该项目建成后将成为一个集科研办公、企业孵化与配套服务于一体的创新平台，致力于服务科学 城建设，打造成为科技研发与成果转化的全球服务平台。 来源：北京日报客户端 该项目位于海淀区中关村东升科技园内，紧邻居民区。如何在推进建设的同时，最大限度减少对周边社 区的影响，成为工程面临的首要挑战。施工方北京建工项目团队采取了一系列精细化管理措施：通 过"跳仓法 ...

Core Viewpoint - The Ministry of Commerce has announced safeguard measures for imported beef, which are deemed to be transparent and fair, allowing all stakeholders to express their opinions [1] Group 1: Safeguard Measures - The safeguard measures will be implemented in the form of "country-specific quotas and additional tariffs on imports" [1] - The quota amounts are close to recent import levels and will increase gradually over the years [1] - The measures take into account the reasonable demands of importers and downstream processing enterprises, ensuring the healthy and sustainable development of beef trade [1]

Group 1 - The core idea of the articles is the diverse range of activities and promotions planned in Fengtai District during the New Year period, aimed at enhancing consumer experience and boosting local shopping [1][3][4]. Group 2 - Fengtai District will host nearly 100 unique events across major shopping areas during the New Year, including activities like children's Spring Festival auditions, animal star meet-and-greets, and various fan events [1][4]. - The "Feng Rui Xiang Nian • Jun Qi Xin Cheng" 2026 Fengtai Flavor Festival was launched at Fengtai Wanda Plaza, featuring representatives from 20 enterprises and offering various consumer benefits [3]. - Four shopping malls in Fengtai District organized New Year's Eve events, including concerts and celebrations, to attract visitors and create a festive atmosphere [3]. - From January 1 to 3, over 20 large shopping malls in Fengtai will continue to host a variety of activities, providing residents with multiple options for entertainment and shopping [4]. - Major commercial entities are offering various consumer discounts, such as 京东MALL's tiered promotions and 花乡奥莱村's gift vouchers, to encourage spending during the New Year [6].

Core Insights - The public REITs market in China is thriving, with 20 new products and 5 expansions issued in 2025, raising a total of 47.335 billion yuan, leading to a total issuance of 79 products and a market size exceeding 210 billion yuan by the end of the year [1][4][5] Market Development - Over five years, China's REITs market has evolved from a nascent stage to becoming the largest in Asia and the second largest globally, transitioning from a financing tool to a significant mechanism for revitalizing existing assets [5][6] - The market has seen a shift from institutional dominance to increased participation from individual investors, indicating a broader acceptance of REITs as a viable investment option [5] Primary Market Activity - The primary market has experienced unprecedented subscription rates, with some products seeing subscription multiples in the hundreds, such as 320 times for the Huaxia Zhonghai Commercial REIT and 340 times for the Huaxia Zhonghe Clean Energy REIT [2][5] - This surge in interest reflects a growing recognition of the long-term investment value of public REITs [5] Secondary Market Performance - In the secondary market, public REITs showed a generally positive trend in 2025, with consumer REITs leading the market with an average increase of over 30% [2][6] - As of December 30, 2025, 58 out of 78 listed REITs had increased in value, highlighting the differentiation in asset quality and operational capabilities among public REITs [6] Fund Management and Market Position - Huaxia Fund has issued 19 public REIT products, raising a total of 45.4 billion yuan (excluding expansions), which accounts for 20% of the total issued public REITs in China, positioning it as the market leader [6] - The pricing of different asset types has begun to show reasonable differentiation, establishing a "value anchor" for public REITs based on the ability to generate stable cash flows and enhance asset potential through active management [6] Diversification and Record Fundraising - The market has seen diversification in asset types and issuers, with high-quality consumer assets becoming the main attraction for investors [3][6] - The Huaxia Kaide Commercial REIT, initiated by a well-known international asset management firm, set a record with a proposed fundraising of 2.2872 billion yuan and over 309.17 billion yuan in subscription funds, indicating strong market demand for well-managed assets [3][7]