2016—2025年中央经济工作会议创新部署的十年演进：科技创新不断深化，新质生产力蓄势跃升

Group 1: Strategic Evolution - The strategic positioning of technology innovation has shifted from a "supporting role" to a "core engine" of economic growth, indicating its integration into the core logic of economic growth and productivity restructuring[6] - The focus of innovation policy has transitioned from "bridging gaps" to "building advantages," emphasizing the cultivation of globally competitive industrial systems[8] - The institutional arrangements have evolved from primarily resource allocation to establishing long-term mechanisms that foster innovation, highlighting a systemic approach to innovation ecology[10] Group 2: Policy Implications - The policy emphasis has moved from merely supporting technology to ensuring that technology serves as a foundational support for national development security[6] - The shift in policy logic reflects a deeper understanding of how to sustainably convert technology into productive forces, impacting local governance, enterprise development, and capital market operations[11] - The current capital market trends are not short-term fluctuations but rather a concentrated reflection of the ongoing evolution of innovation policy logic, with technology innovation becoming a systematic project for long-term growth[12] Group 3: Market Dynamics - The capital market has seen a structural rally driven by sectors such as artificial intelligence, advanced manufacturing, and semiconductors, indicating a strong consensus on technology as the main investment theme[5] - The emphasis on nurturing new momentum while updating old momentum suggests a recognition that new quality productivity is not merely a replacement for traditional industries but a comprehensive upgrade through digitalization and green transformation[9] - The evolving role of the capital market is crucial, serving not only as a financing platform for tech companies but also as a hub connecting technology, industry, and market expectations[11]