2026年，全球市场将进入关键转折期，多重变量密集交织。 美股能否维持上涨态势？ AI行业将遭遇泡沫破裂还是开启工业化？ 量子计算、脑机接口将带来颠覆性变革？ 美联储人事与政策"迷局"如何搅动全球市场？ 黄金价格将会涨到多高？ 《每日经济新闻》记者根据华尔街投行、知名经济学家、科技圈领军者以及分析师的最新研判，梳理出 2026年全球市场十大预测。 一、美股还能涨多久？华尔街预期不一 美股在2025年延续了牛市，却罕见地跑输了国际市场。剔除美国公司后的MSCI全球指数（MSCI ex-US index）全年上涨约29%，大幅领先标普500指数16%的涨幅，这是自2009年以来两者最大的差距。 2026年美股将怎么走？华尔街投行纷纷给出预测。 摩根士丹利在《2026年投资展望》报告中预计，2026年美国股市将跑赢全球股市，标普500指数将在未 来12个月内升至7800点，较当前水平（6858点）上涨约14%。 高盛《2026年展望》报告预测，标普500指数将在2026年底达到7600点。 美国银行美国股票策略主管萨维塔•苏布拉马尼安预计，2026年标普500指数仅上涨4%～5%，年底目标 价为7100点。 摩根大 ...

临近岁末，回看2025这一年，面对外部环境急剧变化，不确定性增加，中国经济始终顶风搏浪、奋力向前—— 全年经济总量有望达到140万亿元，世界第二大经济体的地位巩固提升。消费作为经济增长的主引擎作用进一步凸显，实体 经济根基更加稳固，国际市场布局持续优化，不断夯实中国经济稳健发展基本盘。 这是2025年7月25日在青海省海南藏族自治州共和县拍摄的±800千伏特高压青南换流站（无人机照片）。新华社记者 孙瑞 博 摄 这一年，纵使国际环境复杂多变，不确定性加剧，中国经济仍承压而上，以坚实的"稳"持续为世界经济发展提供动能。 看经济增长：前三季度国内生产总值（GDP）同比增长5.2%，比上年同期加快0.4个百分点。10月份规模以上工业增加值、 社会消费品零售总额等主要经济指标表现良好。 看就业物价：10月份全国城镇调查失业率为5.1%，比上月下降0.1个百分点，全国居民消费价格指数（CPI）同比上涨 0.2%，保持总体平稳。 看国际收支：前三季度货物进出口规模创历史同期新高，增速逐季回升，10月末，外汇储备规模升至33433亿美元。 2025年11月17日，X9043次中欧班列（西安）驶出西安国际港站，驶向阿塞拜疆首 ...

Core Insights - The "Tianyan-287" superconducting quantum computer, equipped with the same chip as "Zuchongzhi No. 3," has officially commenced operations, demonstrating "quantum computing superiority" by processing specific problems 450 million times faster than the fastest supercomputer currently available [1] Group 1 - The "Tianyan" quantum computing cloud platform has been launched in November 2023 and is set to be the first quantum computing cloud platform in China that possesses "quantum computing superiority" [1] - The platform has already achieved over 37 million visits and serves users from more than 60 countries and regions, with over 2.7 million experimental tasks completed [1]

Core Viewpoint - The successful construction of the "Tianyan-287" superconducting quantum computer marks a significant advancement in China's efforts to promote the practical application of quantum computing, showcasing the country's capabilities in developing a fully domestic quantum computing supply chain and integrating AI technology for enhanced performance [1][4]. Group 1: Quantum Computer Development - The "Tianyan-287" quantum computer features 105 data qubits and 182 coupling qubits, developed by China Telecom Quantum Group in collaboration with Keda Guandun Quantum Technology Co., Ltd [1]. - This quantum computing system demonstrates "quantum computing superiority," processing specific problems 450 million times faster than the fastest supercomputers currently available [4]. Group 2: Technological Breakthroughs - The construction process highlighted three key technological breakthroughs: full domestic production, AI empowerment, and ultra-large integration [4]. - All hardware and components used in the quantum computer were developed and produced by domestic manufacturers, establishing a fully domestic superconducting quantum computing supply chain [4]. - An AI-enabled automatic calibration system for superconducting chip parameters was developed, allowing for efficient and precise calibration and maintenance of the quantum computing system [4]. Group 3: Cloud Platform Integration - In November 2023, the "Tianyan" quantum computing cloud platform was officially launched, integrating Tianyi Cloud supercomputing capabilities with 176 qubits of superconducting quantum computing power [5]. - The platform has surpassed 37 million visits and serves users in over 60 countries, with more than 2.7 million experimental tasks completed [5]. - The goal is to provide computational support to various industry users and research institutions, expanding the application boundaries of quantum computing and enhancing China's core competitiveness in this field [5].

Core Insights - China Telecom has successfully built the superconducting quantum computer "Tianyan-287," which utilizes the same chip as "Zuchongzhi No. 3" and demonstrates "quantum computing superiority" by processing specific problems 450 million times faster than the fastest supercomputers [1][2] - The "Tianyan-287" quantum computing system is set to connect to the "Tianyan" quantum computing cloud platform, marking it as China's first cloud platform with quantum computing superiority, a significant step towards practical applications of quantum computing [1][2] Technical Aspects - "Tianyan-287" features 105 data qubits and 182 coupling qubits, developed by China Telecom's subsidiary, China Telecom Quantum Information Technology Group, in collaboration with GuoDun Quantum Technology Co., Ltd [2] - The construction of the quantum computer showcases breakthroughs in "fully domestic," "AI empowerment," and "super fusion" technologies, with all critical components sourced from domestic manufacturers, establishing a fully localized superconducting quantum computing supply chain [2] System Integration - The integration and debugging of the entire system were key focuses during the construction process, ensuring the stability of the domestic quantum "refrigerator" under high thermal loads, which is essential for the superconducting chip's low-temperature and low-noise operational environment [2] Industry Implications - The quantum computing cloud platform serves as a crucial infrastructure for future applications and is a strategic pivot for building a complete quantum industry ecosystem, facilitating the transition of quantum computing from laboratory research to practical applications [3] - The platform aims to provide computational support to various industry users and research institutions, expanding the application boundaries of quantum computing and enhancing China's core competitiveness and influence in this international frontier [3]

Core Viewpoint - The successful construction of the "Tianyan-287" superconducting quantum computer, which utilizes the same chip as the "Zuchongzhi No. 3," marks a significant milestone in China's quantum computing capabilities, demonstrating "quantum computing superiority" by processing specific problems 450 million times faster than the fastest supercomputers [1][3]. Group 1: Quantum Computing Development - Quantum computing is seen as a key technology for the next information revolution, with "quantum computing superiority" being a critical performance indicator that validates the feasibility of quantum systems surpassing traditional supercomputers [3]. - The "Tianyan-287" quantum computer features 105 data qubits and 182 coupling qubits, showcasing its advanced capabilities and is built by a collaboration between China Telecom Quantum Group and GuoDun Quantum [3][4]. Group 2: Technological Breakthroughs - The construction process of the quantum computer highlights three technological breakthroughs: "fully domestic production," "AI empowerment," and "super fusion," with all hardware components sourced from domestic manufacturers [4]. - An AI-enabled automatic calibration system for superconducting chip parameters was developed, allowing for efficient and precise maintenance of the quantum computing system [5]. Group 3: Cloud Platform Integration - The "Tianyan" quantum computing cloud platform will provide global access to quantum computing services, effectively lowering the technical application threshold and accelerating the transition from laboratory research to practical applications [6]. - The cloud platform has already achieved over 37 million visits and serves users from more than 60 countries, with over 2.7 million experimental tasks completed [6]. Group 4: Industry Trends - The current landscape of quantum computing in China shows a positive trend with breakthroughs in hardware, software tools, and collaborative industry efforts, indicating a shift from research breakthroughs to commercial applications [7]. - The main challenge for quantum computing remains identifying genuinely useful applications, with expectations for substantial progress in the next 5 to 10 years as the commercialization race accelerates [8].

Core Insights - The latest achievement in quantum computing is the completion of the "Tianyan-287" superconducting quantum computer, which utilizes the same chip as the "Zuchongzhi No. 3" and demonstrates "quantum computing superiority" by processing specific problems 450 million times faster than the fastest supercomputers [1][3] - This quantum computing system will be integrated into the "Tianyan" quantum computing cloud platform, marking China's first cloud platform with quantum computing superiority, which will be open for global application services [1][3] Group 1: Quantum Computing Development - Quantum computing is considered a key technology for the next information revolution, with "quantum computing superiority" being a critical performance indicator that validates the feasibility of quantum systems surpassing traditional supercomputers [3] - The "Tianyan-287" quantum computer features 105 data qubits and 182 coupling qubits, developed by China Telecom's quantum group in collaboration with Guodun Quantum [3][4] - The construction process of the quantum computer highlights three technological breakthroughs: "fully domestic," "AI empowerment," and "super fusion" [4] Group 2: Technological Innovations - The quantum computer's hardware and components are entirely domestically produced, establishing a fully domestic supply chain for superconducting quantum computing [4] - An AI-enabled automatic calibration system for superconducting chip parameters was developed, enhancing the efficiency and precision of the quantum computing system [4] - The integration of the superconducting quantum computer with the "Tianyi Cloud" supercomputing platform allows for high-bandwidth, low-latency interactions, facilitating collaborative scheduling of computing resources [4][5] Group 3: Cloud Platform and Market Impact - The "Tianyan" quantum computing cloud platform has been launched, combining supercomputing capabilities with 176 qubits of superconducting quantum computing, creating a comprehensive quantum computing product system [6] - The platform has achieved over 37 million visits and serves users in more than 60 countries, with over 2.7 million experimental tasks completed [6] - The current landscape of quantum computing in China shows a positive trend with breakthroughs in hardware, software, and industrial collaboration, indicating a shift from research breakthroughs to commercial applications [6][7]

Core Viewpoint - The article highlights the successful establishment of the "Tianyan-287" superconducting quantum computer, which demonstrates "quantum computing superiority" by processing specific problems 450 million times faster than the fastest supercomputers, marking a significant milestone in China's quantum computing capabilities [1][3]. Group 1: Quantum Computing Development - The "Tianyan-287" quantum computing system is equipped with the same series of chips as the renowned "Zuchongzhi 3," featuring 105 data qubits and 182 coupling qubits, showcasing its quantum computing superiority [3][4]. - The construction of the quantum computer reflects breakthroughs in three areas: "fully domestic production," "AI empowerment," and "super fusion" [4]. Group 2: Technological Innovations - The project utilized domestically produced superconducting quantum computing hardware and components, establishing a fully domestic supply chain for superconducting quantum computing [4]. - An AI-enabled automatic calibration system for superconducting chip parameters was developed, enhancing the efficiency and precision of the quantum computing system [5]. Group 3: Cloud Platform and Applications - The "Tianyan" quantum computing cloud platform integrates supercomputing capabilities and is designed to lower the technical application threshold, facilitating the transition of quantum computing from research to practical applications [7]. - As of November 2023, the "Tianyan" quantum computing cloud platform has achieved over 37 million visits, serving users in more than 60 countries and completing over 2.7 million experimental tasks [7]. Group 4: Industry Outlook - The current landscape of quantum computing in China is characterized by breakthroughs in hardware, completion of software tools, and collaborative industry advancement, indicating a shift from research breakthroughs to commercial applications [7][8].

Core Insights - The "Tianyan-287" superconducting quantum computer, equipped with the same chip as "Zuchongzhi No. 3," has been successfully built, showcasing "quantum computing superiority" by processing specific problems 450 million times faster than the fastest supercomputers [1][2] - This marks China's first quantum computing cloud platform with "quantum computing superiority," indicating significant progress in the practical application of quantum computing [1] Group 1: Technological Advancements - The "Zuchongzhi No. 3" chip features 105 data qubits and 182 coupling qubits, achieving a speed 15 orders of magnitude faster than current classical algorithms for quantum random circuit sampling tasks [2] - The construction of the quantum computer involved three key technological breakthroughs: domestically produced components, AI-enabled calibration systems, and a fully integrated quantum computing ecosystem [3] Group 2: Future Applications and Goals - The quantum computing platform aims to provide computational support for various industries and research institutions, enhancing China's competitiveness in the international quantum computing arena [4] - The upcoming 2025 Quantum Science and Industry Conference will showcase advancements in quantum technology and applications across multiple sectors, including finance, healthcare, and energy [5]

Core Insights - The "Tianyan-287" superconducting quantum computer, equipped with the same chip as "Zuchongzhi No. 3," has been successfully built, showcasing quantum computing superiority by processing specific problems 450 million times faster than the fastest supercomputers [1][2] - This marks a significant step for China in the practical application of quantum computing, with the "Tianyan" quantum computing cloud platform set to be the first globally to offer quantum computing superiority capabilities [1][3] Group 1 - The "Zuchongzhi No. 3" features 105 data qubits and 182 coupling qubits, achieving a speed 15 orders of magnitude faster than current classical algorithms for quantum random circuit sampling tasks, reaching an internationally advanced performance level [2] - The construction of the quantum computer involved breakthroughs in three areas: fully domestic production, AI empowerment, and ultra-integration [3] Group 2 - The team developed a domestically produced superconducting quantum computer supply chain, with all key components sourced from domestic manufacturers, ensuring a fully localized hardware setup [3] - An AI-enabled automatic calibration system was developed to enhance the efficiency and precision of the quantum computing system [3][4] Group 3 - The integration and debugging of the entire system were completed, ensuring stable long-term operation of the domestic dilution refrigerator under high thermal loads, which is crucial for the superconducting chip's low-temperature and low-noise working environment [4] - The "Tianyan" quantum computing cloud platform has been launched, integrating supercomputing capabilities with 176 qubits of superconducting quantum computing power, achieving significant advancements in computing resource management and task scheduling [5] Group 4 - The "Tianyan" quantum computing cloud platform has surpassed 37 million visits, serving users from over 60 countries, with more than 2.7 million experimental tasks completed [5]