长江经济带事关全国发展大局。今昔对比，成效得来不易：保护为先，考验责任担当；铁腕治理，需要 决心勇气；守好红线，突显"留白"智慧；人水和谐，足见温度底色。回望来路，"共抓大保护，不搞大 开发"，决心之大、力度之大前所未有，长江经济带发展发生了重大变化。 长江经济带还是牵动全局的协调发展带。横贯东西、承接南北、通江达海，多重国家发展战略叠加。推 动长江经济带发展涉及经济社会发展各领域，是一个系统工程。运用系统思维，不断增强各项政策的关 联性和耦合度，以全局观照一域，以一域赋能全局。 今日长江两岸的喜人变化、鲜活探索，是新时代中国强劲脉动的一个缩影，是党的创新理论真理力量和 实践伟力的生动写照。 《 人民日报 》( 2025年10月11日 03 版) 姜 峰 一滴水，从姜根迪如冰川流到入海口，6397公里。 覆盖11省市的长江经济带，面积约205万平方公里，约占全国的21%，人口和经济总量均超过全国的 40%，生态地位重要，是我国经济中心所在、活力所在。 ...

"推动长江经济带发展必须从中华民族长远利益考虑""使长江经济带成为我国生态优先绿色发展主战 场、畅通国内国际双循环主动脉、引领经济高质量发展主力军"……党的十八大以来，习近平总书记多 次召开座谈会，为长江经济带发展谋篇布局、把脉定向。 共抓大保护，不搞大开发。沿江省市和中央有关部门认真贯彻落实党中央决策部署，推动生态环境保护 和修复取得重大成就，发展方式发生重大变革，区域协同联动不断加强，全方位对内对外开放态势加速 形成。2024年，长江经济带地区生产总值逾63万亿元，增长5.4%。今年前8月，长江经济带11省市外贸 进出口值达13.7万亿元，创历史同期新高，同比增长6%，占全国进出口总值的46.3%。 沿江行进，感受最深的是"三多三少"：美景多了，乱象少了；高端产业多了，低端产业少了；"一盘 棋"做法多了，"单打独斗"少了。 大江奔流，正展现万千气象、澎湃勃勃生机。 问题导向，铁腕攻坚—— "一江碧水向东流"美景重现 奔腾出三峡、九曲过江汉，行至城陵矶，长江与洞庭湖"撞了个满怀"。 芦苇摇曳，"扑棱棱"，一只水鸟掠过——在湖南东洞庭湖国家级自然保护区工作了15年的邹毅，深知这 一幕来之不易。 洞庭湖砂是优质 ...

Core Insights - The report titled "The Flowing Waters of the Yangtze: Achievements and Insights of Yangtze River Governance in the New Era" highlights China's significant progress in ecological protection and economic development along the Yangtze River over the past decade, guided by President Xi Jinping's important discourses on river protection and economic development [1][2]. Group 1: Governance Strategies - The report outlines a comprehensive governance strategy for the Yangtze River, emphasizing high-level ecological protection and high-quality economic development, which serves as a model for global river governance [1][2]. - The "Five Persistences" principle, which includes ecological priority, dialectical unity, regional collaboration, co-construction and sharing, and cultural inheritance, encapsulates the practical experiences of Yangtze governance [2][3]. Group 2: Cultural and Economic Impact - The report emphasizes the importance of cultural heritage in the Yangtze River region, noting that the ongoing construction of the Yangtze National Cultural Park promotes the integration of historical and natural cultures with urban development [3]. - The governance practices in the Yangtze River basin are seen as a significant contribution to global river management, providing valuable insights for addressing challenges such as climate change and water resource management [3].

Core Insights - The report titled "The River of Clear Water Flows East: Achievements and Insights of Yangtze River Governance in the New Era" highlights the historical achievements and scientific strategies in the governance of the Yangtze River, emphasizing its significance for both China and the world [3][4][11]. Environmental Protection - The proportion of water quality monitoring points in the Yangtze River basin with good water quality has increased from 82.3% in 2016 to over 98% currently, with the main river maintaining Class II water quality for five consecutive years [7]. - The population of the Yangtze River dolphin has seen a historic rebound, indicating successful ecological restoration efforts [7]. Economic Development - The Yangtze River Economic Belt accounts for a significant portion of China's economy, with 11 provinces and cities contributing to national economic growth [7]. - The cargo throughput of the Yangtze River ports has surpassed 4 billion tons, making it the leading inland river in the world [7]. Cultural Significance - The Yangtze River serves as a cultural symbol of the Chinese nation, with seven major cultural regions along its 6,300 kilometers, promoting cultural heritage and tourism [8]. - The establishment of the Yangtze National Cultural Park and the Yangtze International Golden Tourism Belt reflects the integration of culture and tourism [8]. Governance Strategies - The governance of the Yangtze River is characterized by five key principles: ecological priority, dialectical unity, regional collaboration, co-construction and sharing, and the inheritance and development of culture [11][13][14][15]. - A comprehensive protection framework has been established, transitioning from spontaneous to conscious governance practices among local governments and departments [7][11]. Global Implications - The governance model of the Yangtze River offers a new paradigm for global river management, emphasizing integrated and systematic approaches to ensure effective governance and sustainable outcomes [19][20]. - The Yangtze governance experience provides a reference for developing countries to pursue a greener path of modernization, avoiding the pitfalls of pollution-first development [22][23].

Group 1 - The core viewpoint emphasizes the importance of the Yangtze River Economic Belt in promoting high-quality development and ecological protection during the 14th Five-Year Plan period [1][2] - The Yangtze River Economic Belt has achieved significant progress in ecological environment protection and green transformation of economic and social development, enhancing its role in supporting national high-quality development [1][2] - The cargo throughput of the Yangtze River mainline ports is projected to exceed 4 billion tons in 2024, maintaining its position as the world's leading inland river [1] Group 2 - The implementation of the Yangtze Protection Law has established a legal framework for ecological protection, while the "ten-year fishing ban" has led to improved water quality and biodiversity [2] - The Yangtze River Economic Belt has become a key area for ecological priority and green development, with a focus on regional coordinated development and innovation-driven growth [2][3] - By 2024, the GDP of the 11 provinces and cities along the Yangtze River Economic Belt is expected to reach 63 trillion yuan, contributing over 50% to the national economic growth [3]

Core Viewpoint - The Jiangsu Zhenjiang Public Security Bureau is focusing on innovative policing mechanisms to support the high-quality development of the Yangtze River Economic Belt, emphasizing public safety and service to businesses and communities [1] Group 1: Active Policing and Business Support - The Zhenjiang Bureau has returned 1.04 million yuan to a struggling chemical company, highlighting the importance of timely financial recovery for businesses in difficulty [3] - The Bureau has actively addressed water transport-related crimes, recovering 1.5 million yuan for companies affected by thefts of chemical raw materials, edible oil, and coal [3] Group 2: Crime Prevention and Public Safety - The Bureau has successfully cracked down on new types of fraud disguised as economic disputes, recovering over 150,000 yuan for victims [5] - A comprehensive drone operation system has been established to monitor 113.3 kilometers of the Yangtze River, enhancing ecological safety and preventing illegal activities [7] Group 3: Collaborative Policing and Community Engagement - The Bureau has formed partnerships with local law enforcement and administrative units to maintain order in construction areas, achieving a dispute resolution rate of over 95% [9] - Initiatives like the "Love Channel" service station have been launched to meet the needs of river workers, providing a supportive environment for their welfare [12] Group 4: Public Awareness and Safety Education - The Bureau has conducted water safety education programs targeting new employment groups, enhancing community awareness and preparedness for emergencies [11] - Regular emergency drills have been organized to improve response tactics for water rescue operations, ensuring a robust safety net for the community [11]

Group 1 - The importance of adapting to changes in urban development stages and promoting people-centered development in Jiangsu province is emphasized [1] - The construction of the Suzhou North Station comprehensive hub, integrating various transportation modes, is highlighted as crucial for future urban development and national strategic implementation [2] - The need for high-quality planning, design, and management in transportation infrastructure projects is stressed to ensure they withstand historical scrutiny [2] Group 2 - The transformation of the Meilu Culture and Creative Park from old warehouses into a vibrant space for young consumers is noted, showcasing urban renewal and heritage preservation [3] - The concept of mixed land development and reasonable conversion of building functions is encouraged to revitalize urban resources and achieve value reconstruction [3] - The Yangcheng Shugu Valley Industrial Community's mixed-use model of R&D offices, talent apartments, and commercial spaces is presented as a sustainable urban development approach [3] Group 3 - The establishment of a collaborative innovation center between Delong Laser Co., Ltd. and Suzhou University is mentioned, focusing on technology innovation and talent development [4] - The emphasis on integrating education, technology, and talent development to enhance innovation and productivity in Jiangsu is highlighted [4] - The role of the provincial political consultative conference in promoting high-quality collaboration and effective decision-making for modernizing Jiangsu is underscored [4]

Investment Rating - Investment rating: Positive (maintained) [5] Core Viewpoints - The shipping capacity of the Three Gorges ship lock is under pressure, necessitating the expansion of the "golden waterway." The Three Gorges-Gezhouba hub has been a key shipping channel since its completion, with a designed annual throughput capacity of 100 million tons, which was exceeded in 2011. In 2023, the cargo volume reached 169 million tons, nearly 70% above the design capacity, leading to significant delays in shipping [5][6] - The Three Gorges New Channel project has been officially initiated, marking a systematic upgrade for water transport hubs. The project, with an estimated total investment of 76.6 billion yuan and a construction period of 100 months, aims to enhance the shipping capacity from 100 million tons to 280 million tons annually, significantly reducing waiting times for vessels [5][9][10] - The project is expected to save approximately 468 million yuan in shipping time, 61 million yuan in reduced cargo transport time, and 5.742 billion yuan in cost savings from replacing land transport, thereby lowering logistics costs and enhancing operational efficiency in the region [12][19] Summary by Sections 1. Shipping Hub Capacity Constraints - The Three Gorges hub's capacity is nearing saturation, with increasing shipping demands leading to significant bottlenecks. The average waiting time for vessels has exceeded 200 hours, with extreme cases reaching 400 hours, severely impacting logistics efficiency [6][9] 2. Project Development and Timeline - The Three Gorges New Channel project has undergone extensive planning and has now entered the implementation phase, with feasibility studies approved and construction set to begin in mid-August 2025. The project includes the construction of a new channel and the expansion of the Gezhouba lock [10][11] 3. Investment Analysis - The estimated investment for civil engineering in the Three Gorges New Channel project is approximately 38.3 billion yuan, with total project costs projected at 76.6 billion yuan. The project emphasizes the need for advanced design and construction capabilities, suggesting a focus on companies with expertise in large-scale infrastructure [14][16] 4. Key Companies to Watch - Companies such as China Communications Construction Company, China Electric Power Construction Company, and China Energy Engineering Group are highlighted as key players due to their extensive experience in similar large-scale projects and their capabilities in complex engineering [16][17][18] 5. Cement Demand and Regional Impact - The construction of the Three Gorges New Channel is expected to require approximately 930,000 cubic meters of concrete, leading to a demand for about 4.185 million tons of cement, significantly benefiting regional cement suppliers like Huaxin Cement [19][20]

Core Viewpoint - The Yangtze River Economic Belt is crucial for China's overall development, emphasizing ecological protection and sustainable economic growth [2] Group 1: Ecological Protection - The Yangtze River has faced challenges due to disorderly development, prompting urgent calls for its protection [2] - President Xi Jinping has highlighted the importance of safeguarding the "mother river" and has initiated various measures to address ecological concerns [2] Group 2: Development Strategy - Since the 18th National Congress, President Xi has visited all provinces along the Yangtze River Economic Belt and held four symposiums to discuss its development [2] - The strategy includes "coordinated protection and development," focusing on five key relationships to promote high-quality economic growth [2] Group 3: Future Vision - The Yangtze River Economic Belt is envisioned to be ecologically beautiful, with improved transportation, coordinated economy, unified market, and scientific mechanisms [2] - This transformation is seen as a driving force for sustainable development for the Chinese nation [2]

Core Viewpoint - The commencement of the "Cangyuan" shield machine marks the start of the left line excavation for the Haitai Yangtze River Tunnel, entering the dual-line tunneling phase, which is a significant milestone for the project [2][4]. Project Overview - The Haitai Yangtze River Tunnel spans a total length of 39.07 kilometers, with the left line shield tunnel measuring 9,327 meters, designed to accommodate a six-lane expressway with a speed limit of 100 kilometers per hour [2][4]. - The project connects Haimen District in Nantong City to Taicang City in Suzhou, strategically located at the Yangtze River estuary [2][4]. Technical Specifications - The "Cangyuan" shield machine has a maximum excavation diameter of 16.66 meters, a total length of 176 meters, and weighs over 5,650 tons, making it the largest independently developed earth pressure balance shield machine in China [4]. - The right line of the tunnel began excavation on April 9 of this year and has progressed 1,300 meters [4]. Strategic Importance - The Haitai Yangtze River Tunnel is a key project in the "Yangtze River Main Line Crossing Channel Layout Plan (2020-2035)" and is prioritized in Jiangsu's "14th Five-Year Plan" for cross-river transportation [4]. - The completion of the project is expected to significantly contribute to the integration of the Yangtze River Delta region and the development of the Yangtze Economic Belt, enhancing the layout of crossing channels along the Yangtze River [4].