展望2026年，朱光耀表示，中国需坚定不移按照中央经济工作会议部署，统筹国内经济工作和国际经贸 斗争，统筹发展和安全。新一年将面临两大主要挑战：一是贸易领域，世贸组织预测2026年全球货物贸 易增长仅0.5%，服务贸易增长下调至4.4%，贸易领域压力巨大；二是AI及数字经济相关领域的激烈竞 争，2026年将是具身智能等新AI产品大规模落地的一年，中美作为全球人工智能竞争第一梯队，竞争 将尤为激烈。 专题：中国财富管理50人论坛2025年会 12月27日金融一线消息，中国财富管理50人论坛2025年会在京召开，本届年会的主题是"迈向'十五 五'建设金融强国"。财政部原副部长朱光耀发表演讲。 朱光耀指出，2025年全球经济贸易状况总体好于年初预计，中国在其中发挥了重要的建设性作用。中国 不仅在经济增长上为全球做出贡献，在政策层面也坚定捍卫以WTO为核心的全球贸易体系和以规则为 基础的贸易制度。 朱光耀指出，2025年全球经济贸易状况总体好于年初预计，中国在其中发挥了重要的建设性作用。中国 不仅在经济增长上为全球做出贡献，在政策层面也坚定捍卫以WTO为核心的全球贸易体系和以规则为 基础的贸易制度。 展望2026年， ...

新华社北京12月27日电 共建"一带一路"是我国改革开放后提出的第一个全球性、大规模、全方位 国际经济合作倡议。《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》强调："高质 量共建'一带一路'。"这是以习近平同志为核心的党中央深刻洞察全球发展大势、统筹国内国际两个大 局作出的重大部署，是新形势下扩大高水平对外开放、开创合作共赢新局面的重要路径，也是为中国式 现代化营造良好外部环境的重要举措。 2013年以来，在习近平总书记亲自谋划、亲自部署、亲自推动下，共建"一带一路"取得了重大成 就，合作领域不断拓展、合作范围不断扩大、合作层次不断提升，国际感召力、影响力、凝聚力不断增 强，为增进同共建国家友谊、促进共建国家经济社会发展作出了中国贡献。新形势下，高质量共建"一 带一路"，可以从3个方面来理解和把握。 第一，共建"一带一路"进入高质量发展的新阶段。10多年来，共建"一带一路"从中国倡议走向国际 实践，从"大写意"转向"工笔画"，在推进互联互通基础上拓展成为贸易和产业合作平台，成为全球规模 最大、范围最广、影响最深的国际经济合作平台。发展战略对接长效机制基本形成，合作成果惠及150 多个国家的人民； ...

Core Insights - The report highlights the resilience and vitality of the Chinese consumer market amidst global economic slowdown and uncertainty, indicating a shift from being the "world's factory" to a global leader in innovation and trends [1][5] - The concept of "new consumption" is redefined, driven by digital technology, online-offline integration, and new consumer relationships based on social networks, emphasizing digitalization, personalization, socialization, and quality [2][5] Market Overview - China's consumption structure is transitioning from material-based to service-oriented, with rapid growth in service consumption expenditures becoming a new engine for market growth [1][5] - Government policies are aimed at boosting consumption and expanding domestic demand through income distribution reforms and enhanced social security [1][5] Industry Insights - The restaurant industry is experiencing structural adjustments with increased chain rates and the rise of "satellite stores" due to the importance of delivery channels [3] - In the food and beverage sector, health and emotional value are key themes, with consumers becoming more rational about ingredient research and emotional value driving purchasing decisions [3] - The retail sector is facing disruption from "hard discount" models, while immersive experiences and business model integration are crucial for attracting foot traffic [3] - The consumer electronics industry is leveraging AI advancements, with rapid growth in AI smartphone penetration and the AI toy market driven by lower technology costs and educational upgrades [3] Brand Strategy - New consumption brands must focus on "adaptability" and "community" to enhance operational resilience and build deep relationships with consumers based on shared values [2][5] - The report introduces the "VIG Compass" brand strength evaluation model, assessing brands across three dimensions: brand voice, core strength, and growth potential [4][30] Future Outlook - The Chinese new consumption market is characterized by a continuous reshaping of rules, with growth logic shifting from external dividends to internal innovation and value creation [5] - Future winners will be those brands that deeply understand and integrate into local cultural dynamics while optimizing operational efficiency and establishing emotional connections with users [5]

Core Viewpoint - The service trade in China has entered a strong growth phase since 2024, particularly in service exports, with significant contributions from various sectors [3][7]. Group 1: Service Export Growth - Travel service exports have increased by 54.4%, attributed to high-level unilateral open policies and visa exemptions for 75 countries [3][7]. - Personal training and cultural entertainment, including projects like "Black Myth: Wukong" and the Deepseek open-source model, have seen rapid growth under digital empowerment [3][7]. - New productivity sectors such as telecommunications and computer information transmission have also contributed significantly to service exports [3][7]. Group 2: Key Aspects of Service Exports - Service exports serve as an important vehicle for cultural exchange, with tourism allowing many visitors to experience Chinese culture [4][8]. - The growth of service exports aids in the deep integration of secondary industries and services, particularly in maintenance and repair services related to manufacturing [4][8]. - Supply chain services, including transportation, finance, and accounting, have seen substantial progress due to increased enterprise engagement [4][8]. Group 3: Emerging Trends in Service Trade - Data exports have gained new momentum under digital empowerment, with telecommunications and computer data exports accounting for about 20% of service exports, contributing 3.3% in the first nine months of 2025 [4][8]. - Offshore trade has emerged as a new growth point, with service trade statistics showing an 18.3% increase after excluding offshore components [4][8]. Group 4: Impact on GDP and Industry Development - The rapid growth of service exports has contributed 0.34% to nominal GDP growth in the first three quarters of this year, an increase of 0.02 percentage points from the previous year [5][8]. - The information industry, driven by the digital economy, has a significant impact on service export growth, with effects reaching 1 to 2 percentage points on industrial upgrades [5][8]. Group 5: Regional Advantages - Hainan has unique advantages in service trade, particularly in information industries, emerging services, and traditional services like travel and cultural entertainment, which are expected to drive rapid development in new industries [9].

Core Insights - The digital economy in Anhui is projected to reach a revenue of 1.3 trillion yuan by 2025, marking a significant milestone as it surpasses the trillion yuan mark with an average annual growth rate of 12% [2] - The province has achieved a 100% initiation of digital transformation among large-scale industrial enterprises, enhancing its integration of information technology and industrialization [2] - Anhui has established itself as a national leader in digital infrastructure, with significant advancements in data management and digital services [3] Digital Economy Growth - During the "14th Five-Year Plan" period, Anhui's digital economy is expected to see its core industry revenues exceed 1.3 trillion yuan, with a notable annual growth rate of 12% [2] - The revenue from core digital economy enterprises now ranks among the top 10 in the country, with key sectors like integrated circuits and artificial intelligence being recognized as strategic emerging industries [2] - The province's online retail sales are projected to grow from 300 billion yuan in 2021 to nearly 500 billion yuan by 2024, reflecting an annual growth rate of 16.9% [2] Digital Infrastructure Development - Anhui has built a comprehensive digital infrastructure, including a unified data platform that serves as the operational backbone for the province's digital initiatives [3] - The province has launched 16.53 million public data entries and shared data 2.44 billion times, showcasing its commitment to data accessibility and transparency [3] - The number of 5G base stations has increased to 190,000, more than five times the number at the end of the "13th Five-Year Plan," achieving full coverage in administrative villages [3] Data Asset Management - Anhui is a pioneer in data asset management, being one of the first provinces to implement data property rights registration, with 221 certificates issued [4] - The province has established a market mechanism for data circulation, including the issuance of "data vouchers" and "computing power vouchers," with nearly 400 million yuan disbursed [4] - Anhui has initiated the construction of high-quality data set bases across 18 fields, with several projects recognized at the national level [4]

中国—东盟信息港是国家赋予广西的数字化开放平台。陈刚来到中国—东盟信息港数字经济展厅，认真 听取情况介绍，详细了解中国与东盟人工智能基础设施联通、数据流通、语料库与大模型建设等情况， 并看望技术研发专家团队代表，对中国—东盟信息港近年发展取得的成绩给予肯定。陈刚强调，要站在 国家战略高度，把握历史机遇，充分发挥南A中心、中国—东盟信息港、南宁国际通信业务出入口局等 平台载体作用，充分利用广西丰富的东盟语料基础和东盟语言人才资源，加强与东盟国家的人工智能合 作，着力打造面向东盟的人工智能国际合作高地。要以研发并成功发布老挝国家大模型为突破口，积极 探索低成本、可复制的东盟国家基础大模型技术架构，示范带动与其他东盟国家的合作。要以成功举办 AI赋能千行百业超级联赛为契机，深入实施"人工智能+"行动，积极推进人工智能赋能金融、工业、农 业、教育、医疗等，以科技创新引领发展新质生产力。要高度重视数据安全，加快建设可信数据空间、 国际数据中心等基础设施，打造应用场景展示中心、国际合作中心等对外合作窗口，携手东盟共同解决 人工智能时代的数据安全问题。要加快推进数字广西建设，充分挖掘数据资源，进一步丰富应用场景， 促进数字 ...

Group 1 - The market showed a continuous rebound this week, with all three major indices recording five consecutive days of gains. The CSI 500 index led with a weekly increase of 4.03%, while the SSE 50 and CSI 300 indices lagged behind [2][30]. - In terms of sector performance, industries such as non-ferrous metals, industrial trade, national defense, and chemicals saw significant gains, while utilities, media and entertainment, transportation, and pharmaceuticals underperformed [4][30]. - The thematic sectors that performed well included fiberglass, lithium battery electrolytes, Hainan Free Trade Port, photovoltaics, and batteries [5][30]. Group 2 - In November, the manufacturing PMI was reported at 49.2%, an increase of 0.2 percentage points from the previous month, indicating an improvement in economic conditions. Conversely, the non-manufacturing business activity index fell to 49.5%, down 0.6 percentage points [8]. - Consumer prices in November rose by 0.7% year-on-year, while the average for January to November remained flat compared to the previous year. Month-on-month, consumer prices decreased by 0.1% [13]. - In November, the export value from China increased by 5.9% year-on-year, while imports grew by 1.9%. The trade surplus reached $111.68 billion, up from $90.07 billion in the previous period [19]. - New social financing in November amounted to 2.49 trillion yuan, an increase of 159.7 billion yuan year-on-year, with new deposits totaling 1.41 trillion yuan [19]. - The industrial added value in November saw a real growth of 4.8% year-on-year, with a month-on-month increase of 0.44%. For the first eleven months, the growth was 6.0% year-on-year [21]. - Fixed asset investment from January to November totaled 4440.35 billion yuan, a decrease of 2.6% year-on-year, with real estate development investment down by 15.9% [24][25]. - Retail sales of consumer goods in November reached 43.898 billion yuan, reflecting a year-on-year growth of 1.3%, while the total for January to November grew by 4.0% [27][29]. Group 3 - The market outlook remains optimistic, with expectations for a spring rally in the coming year due to policy support and major projects being prioritized. The focus will be on domestic demand policies as a key driver for market performance [30][33]. - Despite current market fluctuations, there is a belief that the market will strengthen gradually, with strategies focusing on upcoming earnings disclosures and themes such as domestic demand, anti-involution, new momentum, and technological growth [33].

Core Viewpoint - The "Ningbo Data Application Promotion Regulation" aims to cultivate a data factor market, promote the legal and efficient application of data, and drive the development of the digital economy in Ningbo [1][2] Group 1: Regulation Features - The regulation emphasizes three main features: strengthening data application and liquidity, deepening industrial cultivation with a focus on uniqueness, and improving institutional guarantees with an emphasis on innovation [1] - The regulation's goal is to ensure data is "available, flowing, and effectively used," focusing on the entire lifecycle management of data application, including sharing, circulation, and utilization [1] Group 2: Public Data Management - Public data is to be shared as a principle, with non-sharing being the exception; data authorities at municipal and district levels are required to manage public data uniformly and create a public data directory [1] - The regulation includes provisions for protecting rights related to data processing and derived data, establishing a foundation for promoting data flow and value realization [1] Group 3: Industrial Cultivation - The regulation highlights the importance of industrial cultivation, detailing policies for nurturing enterprises, establishing an enterprise cultivation database, and promoting multi-dimensional data integration across industries [2] - It supports the construction of high-quality data sets and corpora, as well as the development and training of artificial intelligence large models [2] Group 4: Trusted Data Space - The regulation mandates the establishment of a trusted data space that is manageable, interconnected, and co-creates value, encouraging enterprises to participate in its construction [2] - It aims to leverage public data to facilitate compliant use, secure development, and trustworthy delivery of data, thereby maximizing data value [2]

Core Insights - The Guangdong branch of Bank of Communications is committed to supporting the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area through innovative financial services and green transformation initiatives [1][2][3]. Financial Services and Innovation - The bank has established a service structure that includes "centers + special teams + technology-focused branches" to enhance support for technology innovation [2]. - A new evaluation model for technology enterprises has been developed, allowing for better identification of innovation capabilities and financing needs, thus expanding financing opportunities for tech companies [2][3]. - The bank's technology enterprise loans increased by 12.8% year-on-year as of November 2025, maintaining a double-digit growth rate over the past three years [3]. Green Finance Initiatives - The bank has launched innovative financial products like "Lychee Loan" to support the agricultural sector, demonstrating its commitment to green finance [4][5]. - A dedicated green finance center has been established, and the bank has initiated several pioneering green financing projects, including loans for the ceramic industry and carbon credit financing [4]. - Green loans increased by approximately 18% year-to-date as of November, contributing to ecological and marine development in Guangdong [5]. Inclusive Finance - The bank has implemented initiatives to enhance financial accessibility, including the "Thousand Enterprises and Ten Thousand Households" outreach program, promoting various loan products tailored for small and micro enterprises [6][7]. - The average annual growth rate of inclusive loans has exceeded 30% over the past three years, providing substantial support to small businesses [7]. Elderly Care and Social Services - The bank has developed "elder-friendly" branches and partnered with social security services to enhance financial accessibility for the elderly [9]. - It has established 50 elder-friendly branches and introduced various financial products aimed at supporting the elderly population [9]. Digital Transformation - The bank has integrated digital services into its operations, deploying over a thousand "Yue Zhi Zhu" government service machines in rural areas to enhance financial service accessibility [10]. - The bank has also collaborated with local electric vehicle manufacturers to create an integrated credit service project, facilitating over 1.4 billion yuan in loans for green transportation [11]. - The application of digital currency is expanding, enhancing consumer experiences in various sectors [11].

数字，为这一派生机景象提供了最有力的注脚："十四五"期间，红桥区民营经济增加值4年间增长超过 44%，年均增速高达9.6%。今年上半年，民营经济占全区地区生产总值的比重已达49.7%。这个沉甸甸 的数字，是民营经济活力最强劲的脉搏，是区域发展画卷上最亮眼的笔触，未来更加可期。 （来源：天津日报） 转自：天津日报 在红桥区，民营经济的活力，是能"听"到、"看"到的。 走进光荣道科技产业园，打桩机铿锵的节奏，仿佛是这片土地最强劲的心跳。艺点意创总部建设项目加 速推进，它将被打造为京津冀同城商务区蓝图上的又一科创地标。园区外，圣威科技获我市首例涉及生 态环境保护监测和调度的数据知识产权；异乡好居2025年交易规模超100亿元，3年间实现翻倍……这些 从红桥区的土壤里孕育、壮大的民营企业，正以肉眼可见的速度"拔节生长"。 红桥区民营经济快速崛起的秘诀何在？答案就写在政府从"管理者"到"服务者"的深刻角色转变之中。近 年来，一场以企业需求为中心、不断升级的"服务革命"，正为这片区域的经济生态注入源源不断的暖 流。 服务的温度 从"企业找政策"到"政策找企业" 政策的生命力在于精准落地。"再好的政策，若躺在文件柜里，也只 ...