新赛道活力迸发 塑造经济发展新优势

Core Insights - During the "14th Five-Year Plan" period, China has made significant strides towards high-level technological self-reliance, with emerging and future industries showing robust vitality and growth potential [1][3] Emerging Industry Development - The emerging industries in China have rapidly developed and formed scale effects, with multiple trillion-yuan markets accelerating formation [2] - By 2025, China's commercial aerospace industry is on the brink of explosion, with significant advancements in reusable launch vehicles and satellite internet applications [2] - The low-altitude economy is also gaining traction, with the issuance of operational certificates for manned civil unmanned aerial vehicles marking the entry into commercial use [2] New Energy Industry - China has established the world's largest power infrastructure and renewable energy system, creating the most complete new energy industry chain globally [3] - The "15th Five-Year Plan" emphasizes the development of emerging pillar industries, including new energy, new materials, aerospace, and low-altitude economy [3] Future Industry Breakthroughs - Significant progress has been made in future industries such as artificial intelligence, quantum information, and biomanufacturing, with key breakthroughs achieved [4] - The integration of 6G and AI is becoming a consensus in the industry, with clear development directions emerging [4] - The biomanufacturing industry has expanded steadily, reaching a total scale of 1.1 trillion yuan, becoming a new economic growth point [4] Dual-Engine Development - Emerging and future industries, while both part of the "long slope, thick snow" track, have different development stages, leading to varying market opportunity release rhythms [6] - Emerging industries are entering a rapid growth phase, with vertical segments expected to explode in the next 3 to 4 years, while future industries will focus on technology and application exploration in the early stages of the "15th Five-Year Plan" [6] Investment and Market Dynamics - The future industries face challenges related to technological and commercial uncertainties, with unclear business models and long investment return cycles [7] - The "15th Five-Year Plan" period is seen as a critical window for future industries, with policy support and technological breakthroughs expected to drive development [7] - Investors are advised to focus on companies' core technology reserves and their progress in validating business value through application scenarios [8]