社交媒体正在改变我们与世界的关系。对青少年而言，它既是 连接的窗口，也是诱惑的漩涡。让孩子远离沉迷，不是让他们 拒绝科技，而是学会在科技中懂得如何选择，如何取舍，保持 自由。 作者： 吴晨 封图：图虫创意 家长要做的则不只是限制，更是示范。放下手机，与孩子共同制定使用计划，比简单的管控更有效。家庭的屏幕文化往往决定孩子的使用习惯。现在 不少家长应对孩子吵闹的方式，就是简单粗暴地扔给他们一台手机，让手机成为孩子的"奶头乐"。这正是导致青少年过早接触社交媒体的原因之 一。 一项刊登在《美国医学会杂志》（JAMA）的最新研究，让人再次警觉：青少年过度使用社交媒体，可能正在损害他们的大脑发育与认知能力。研究 团队追踪了6500多名9至13岁的美国青少年，发现那些每天高强度使用社交媒体的孩子，在语言理解、记忆力等测试中得分显著偏低——手机屏幕 越亮，大脑或许就越"疲惫"。 整体而言，我们需要清晰认识到，虚拟世界中社交媒体上的"弱关联"正在与真实世界的各种关系展开正面竞争。要想真正改变青少年过早、高频使 用社交媒体的现状，需要全社会花时间帮助青少年拥有更多真实世界中的强关联。这种关联可能是家里每天餐桌上温馨的交流，也可能 ...

Core Viewpoint - The article highlights the adaptability and resilience of business owners in Yiwu, particularly female entrepreneurs, in response to changing international trade dynamics, including the impact of U.S. tariff policies and the introduction of AI technologies in their operations [2][10][14]. Group 1: Impact of U.S. Tariff Policies - U.S. customers have not completely stopped placing orders despite the imposition of tariffs, but there has been a reduction in order volume [2][14]. - Business owners like Yao Baojuan are cautious about accepting orders if profit margins are significantly compressed due to tariffs [14]. - The diverse customer base of Yiwu merchants mitigates the impact of U.S. tariffs, as they are not solely reliant on a few markets [10][14]. Group 2: Language and Skills Development - Yiwu merchants are increasingly learning new languages to better communicate with international clients, recognizing that English alone is insufficient [3][4]. - Training programs in various languages, including Spanish and Arabic, have been implemented to enhance trade capabilities [3][4]. - Entrepreneurs like Yao Baojuan and Fu Jiangyan have successfully transitioned from basic communication methods to fluently negotiating in multiple languages [4][5]. Group 3: Innovation and Technology Adoption - The introduction of AI tools in Yiwu has transformed how businesses operate, allowing for efficient communication and marketing through multilingual videos [8][9]. - Entrepreneurs like Sun Lijuan have leveraged AI to enhance product visibility and streamline customer interactions, resulting in a significant increase in sales [9][10]. - The launch of the sixth-generation market, which includes a digital trade center, represents a shift towards a more integrated and modern trading environment [20][21]. Group 4: Market Expansion Strategies - Yiwu merchants are actively exploring new markets to diversify their customer base and reduce dependency on any single market [10][21]. - Sun Lijuan has successfully penetrated markets in the Middle East and South America, while Fu Jiangyan is focusing on the African market due to its growing demand [10][21]. - The sixth-generation market is seen as a new opportunity for growth, with some entrepreneurs already securing positions there [20][21].

10月24日大明电子股份有限公司（简称"大明电子"）开启申 购，发行价格12.55元/股，公司本次发行4000.10万股。 作者： 远观 封图：图片资料室 招股书显示，大明电子目前是国内少数具备汽车全车身电子电器控制系统研发和规模化生产能力的 企业之一。目前大明电子专注于汽车电子零部件配套领域，在燃油车时代，大明电子已是车身电子 领域的隐形冠军；而在新能源赛道，它同样展现出敏锐的市场嗅觉。从比亚迪仰望、王朝、海洋系 列，到蔚来、小鹏、理想等新势力的热门车型，再到AITO问界、深蓝、阿维塔等高端新能源品 牌，大明电子的产品已深度渗透48.25%的新能源车型。 大明电子财务数据与持续增长的业务情况亦验证了公司的成长潜力。2022年至2024年，大明电子 的营业收入分别为17.13亿元、21.47亿元和27.27亿元，其扣非后归母净利润分别为1.43亿元、 1.96亿元和2.79亿元。根据大明电子的最新公告，公司预计在2025年前三季度经营业绩仍将保持 稳中有升。 大明电子将继续聚焦汽车车身电子电器控制系统领域，战略布局于产业链上游，进一步扩大规模与 综合实力，充分发挥公司在相关领域多年积累的经验，利用深度配套客户 ...

在多空博弈正酣的黄金市场上，乍看，机构离场，散户进场。 细究之，二者的多空角色也如异动的黄金价格，时刻在变。 作者： 欧阳晓红 封图：图虫创意 看似没有明显导火索， 但"头寸过度拥挤本身"就是一种市场信号。 当经历了十二年来最大单日跌幅的黄金，遇见迟来的美国9月通胀数据（北京时间10月24日20时30分公布）会发生什么化学反应？ 异动：价格上蹿下跳 在多空博弈正酣的黄金市场上，乍看，机构离场，散户进场。细究之，二者的多空角色也如异动的黄金价格，时刻在变。 10月23日， 一名分析师在金十数据平台上建议做空， 如针对纽约金差价合约挂空单（4102美元/盎司），止损线是4108美元/盎司,止盈线是 4060美元/盎司。 当日，黄金市场剧烈波动，多空分歧加剧，价格上蹿下跳。最终纽约金差价合约报收4138.42美元/盎司，上涨了1.81%。 黄金市场暗流涌动，多空双方在关键点位布下重兵。 黄金仓位报告数据显示，期权市场上，4100美元/盎司以下看跌期权迅速堆积，而上方看涨期权则在短时间内被"清洗"，市场宛如一根被压缩的弹 簧，在4155美元/盎司附近积蓄能量。 市场参与者的心理微妙而复杂。面对暴涨暴跌的黄金， 一些经 ...

Core Viewpoint - The National Market Supervision Administration has initiated investigations into major food delivery platforms such as JD.com, Meituan, and Ele.me, focusing on food safety and the verification of merchant qualifications [2][3]. Group 1: Investigation Details - The investigation involved on-site visits by regulatory officials who recorded the proceedings with body cameras, requiring business leaders to return to their companies for questioning [2]. - Some companies faced prolonged on-site inquiries, while others showed reluctance to cooperate with the enforcement actions [2]. - Douyin Group was also included in the investigation, which is expanding its reach into instant retail through its "hourly delivery" service since 2022 [2]. Group 2: Reasons for Investigation - The investigation was triggered by consumer complaints regarding discrepancies in food orders, specifically a case where a customer received a cake that did not match the ordered brand, raising concerns about the merchant's qualifications on the platform [2]. - Regulatory findings indicated that problematic merchants were operating across multiple platforms, not limited to just one [2]. Group 3: Regulatory Framework - On October 16, the National Market Supervision Administration released a draft regulation focusing on the responsibilities of third-party platforms and food service providers in ensuring food safety [3]. - The new regulations aim to clarify platform responsibilities, enforce stricter management of food service providers, and establish penalties for non-compliance [3].

Core Viewpoint - The A-share empire built by Xu Xiang is disintegrating, with significant implications for the control of various listed companies, particularly Ningbo Zhongbai [2][5]. Group 1: Ownership Changes - Xu Bai Liang, the father of Xu Xiang, is losing control over multiple companies due to stock auctions and transfers, including Dahan Technology [5]. - The upcoming auction of 35,405,300 shares of Ningbo Zhongbai, with a starting price of 512 million yuan, indicates a potential change in control [3][6]. - Xu Bai Liang holds 15.78% of Ningbo Zhongbai through his company, Tibet Zetian Investment Development Co., Ltd., which is currently under auction [4][10]. Group 2: Auction Details - The auction for Ningbo Zhongbai shares is set for November 22-23, 2025, with a starting price of 512 million yuan, equivalent to approximately 14.46 yuan per share [3][7]. - On October 23, 2025, Ningbo Zhongbai's stock closed at 14.09 yuan, indicating that the auction price is higher than the market price, making it less attractive for investors [7][10]. Group 3: Related Parties - Zhu Renbao, who was seen as a proxy for Xu Xiang, had his 18,884,000 shares in Ningbo Zhongbai auctioned off for 270 million yuan, raising concerns about the influence of Xu Xiang's family on the company [9][12]. - The new buyer of Zhu Renbao's shares, Hangzhou Jindi Commercial Management Co., Ltd., may influence the future control of Ningbo Zhongbai, depending on the outcome of the upcoming auction [12][14]. Group 4: Financial Performance - Ningbo Zhongbai reported a revenue of 289 million yuan for the first half of 2025, a decline of 41.94% year-on-year, highlighting financial challenges amid ownership uncertainties [10].

Group 1 - The core viewpoint of the article emphasizes that the "15th Five-Year Plan" period is crucial for achieving the 2035 long-term goals, requiring a focus on stability and progress amidst external challenges [5][6]. - The "15th Five-Year Plan" aims for significant achievements in high-quality development, technological self-reliance, deepening reforms, and improving people's living standards [5][6]. - The period is characterized by a complex and changing development environment, necessitating a focus on self-reliance in technology and strengthening the security of industrial chains [7][8]. Group 2 - The main policy focus during the "15th Five-Year Plan" will be on independent innovation and technological self-reliance, which are seen as the three pillars of high-quality development [8][9]. - The emphasis on technological self-reliance is driven by both external pressures, such as increased tariffs and restrictions from other countries, and internal limitations of the previous growth model [9][10]. - Maintaining a reasonable proportion of the manufacturing sector is essential, as it represents a significant part of the economy and is crucial for sustaining growth [10][12]. Group 3 - Fiscal and monetary policies during the "15th Five-Year Plan" will focus on providing resources for major national strategies and implementing counter-cyclical adjustments to stabilize the economy [13][14]. - The fiscal policy is expected to maintain a high budget deficit to support economic growth, with specific targets set for deficit rates and special bonds [14]. - There will be a shift in fiscal spending towards improving people's livelihoods, emphasizing investment in education, healthcare, and social security [15][16]. Group 4 - The "15th Five-Year Plan" will prioritize human development, with a focus on improving living standards and addressing urgent social issues [15][16]. - Investment in human capital will be crucial, shifting from a focus on physical investment to enhancing social services and public welfare [16][18]. - The government will aim to stimulate consumption and improve income distribution to support economic growth and social stability [15][16].

贯通式培养是当前中考框架的培养模式改革，只能起到有限的 作用，学生（家长）可根据自身情况，选择贯通培养；要扭转 基础教育的应试化，需要把均衡化从义务教育推进到高中教 育，并在高中教育中推进普职融通。 作者： 熊丙奇 封图：图虫创意 近日，上海市教委印发《上海市普通高中高质量发展实施方案》，其中包括试点长学制贯通培养模式。成都市教育局近期也公布了一项改革，自 2025年起，探索开展小初高12年贯通式与初高中贯通式培养改革试点，首批参与试点的学校共8所。 此番消息在网络上引起热议和猜测，其中包括"是否要取消中考""初高中是不是要合并"等。对此，10月22日，上海市教委与成都市教育局都"辟 谣"表示，这是落实"优化高中教育资源配置布局和育人方式改革国家战略"的具体举措之一。 所谓的"取消中考"，不过是博流量的炒作。之所以引起舆论关注，是因为"取消中考"是很多家长一直以来的呼声，他们希望能成为现实。但从高中 阶段教育的现实看，推进贯通培养改革，只是对中考的有限改革。要取消中考，减轻义务教育阶段学生的升学压力和家长的焦虑，需要在实现高中普 及化后，推进高中多样化、均衡化发展。 简言之，贯通式培养是当前中考框架的培养模式 ...

Core Viewpoint - Mercedes-Benz is undergoing significant restructuring, including a large-scale layoff plan aimed at optimizing capacity, supply chain, and personnel, with a focus on voluntary departures and cost savings [3][4]. Group 1: Layoff Plan - Mercedes-Benz is implementing its largest layoff plan in history, with approximately 4,000 employees already accepting severance packages [3]. - The severance compensation is designed with a gradient structure based on job level and years of service, with the highest compensation reaching "N+11" and senior management receiving up to €500,000 (approximately 4.1 million RMB) [3]. - The CEO, Ola Källenius, aims to encourage around 30,000 employees to voluntarily leave by 2027, targeting annual savings of approximately €5 billion through outsourcing, not filling vacant positions, and severance packages [3]. Group 2: Industry Context - The automotive industry is experiencing performance fluctuations due to deep industry transformation, intensified market competition, and tariffs, leading to a "slimming down" trend among major automakers [4]. - In the first half of 2025, Mercedes-Benz's net profit is projected to decline by 55.8% [4]. - Other major automakers, including Volkswagen and Bosch, are also announcing significant layoffs and capacity reductions, with Volkswagen planning to cut over 35,000 jobs in Germany by 2030 [5].

Core Viewpoint - The article highlights the successful issuance of the "25锡投K1" bond by Wuxi Xishan Financial Investment Group, led by Guosen Securities, marking an innovative model of "finance + talent" to support regional development [2][3]. Group 1: Bond Issuance Details - The bond, with a scale of 100 million yuan and a term of 3 years, has an issuance interest rate of 2.4% [2]. - This bond is a pioneering initiative focusing on talent themes in technology innovation, aligning with Wuxi's "Taihu Talent Plan" aimed at attracting and nurturing high-level talent [2][3]. Group 2: Fund Allocation and Impact - At least 70% of the raised funds will be directed towards the sci-tech sector, specifically targeting enterprises related to talent development, thereby promoting the transformation of research achievements and accelerating high-end industry growth [3]. - The funding strategy is closely aligned with Wuxi's "465" modern industrial system and the key industries of the "Four New and Four Strong" industrial clusters in Xishan District, enhancing regional innovation capabilities and core competitiveness [3]. Group 3: Strategic Vision and Future Plans - Guosen Securities aims to continuously support the high-quality development of the economy and society by leveraging financial innovation as a driving force [4]. - The company plans to establish a multi-layered capital operation system that integrates investment and financing, while guiding social capital towards key national support areas such as technology and green industries [4].