Group 1 - The provincial political consultative conference chairman emphasized the importance of the coal industry chain in driving China's modernization efforts, aligning with Xi Jinping's directives and the "14th Five-Year Plan" goals [1][2] - The chairman visited key coal projects, including the Guojia Tan coal mine, highlighting the need for safe production and the development of replicable technologies to ensure energy security [1][2] - The coal industry is identified as a strategic pillar for the long-term stability of Shaanxi's economy, with a focus on high-quality production, advanced coal chemical development, and diversified end products [2] Group 2 - The chairman's visit included discussions on the integration of smart management and waste utilization in coal processing projects, aiming to enhance the overall industry chain [2] - There is a call for systematic planning and layout of the entire coal industry chain to foster new productive forces and promote collaboration across the industry [2] - The provincial political consultative conference is encouraged to leverage its unique advantages to enhance the quality and efficiency of its work, contributing to the modernization efforts in Shaanxi [2]

李强指出，要创新思路、务求实效，高质量编制规划纲要，进一步明确"十五五"发展的施工图、路 线图，谋划提出务实管用的发展载体和工作抓手。要培育壮大高质量发展新动能，围绕成长性强、牵引 性强的领域打造一批新产业新赛道。要坚持扩大内需这个战略基点，充分挖掘强大国内市场的潜力。要 通过全面深化改革释放发展动力和活力，围绕重点领域和关键环节深入研究改革举措。要主动开展对外 经贸格局的战略性调整，推出更多自主开放、单边开放措施。要统筹发展和安全，防范重点领域风险， 确保社会大局稳定。 李强强调，纲要草案编制时间紧、任务重，各方面要密切协作、形成合力。要面向社会公众公开征 集意见建议，广泛了解社会期盼、专家意见、基层经验等，认真研究吸纳到纲要草案中。要加强统筹协 调，做好专项规划编制与国家发展规划的衔接，指导地方立足比较优势编制规划，形成科学有机的规划 体系。 张国清、刘国中、吴政隆、谌贻琴参加会议。 10月24日，中共中央政治局常委、国务院总理李强主持召开国务院"十五五"规划《纲要草案》编制 工作领导小组会议并作讲话。 中共中央政治局常委、国务院副总理丁薛祥出席。 会上，国家发展改革委就纲要草案编制作了汇报，与会同志进行 ...

Core Insights - The 20th Central Committee's Fourth Plenary Session emphasizes maintaining a reasonable proportion of the manufacturing industry and constructing a modern industrial system centered on advanced manufacturing [1] Group 1: Traditional Manufacturing - Traditional manufacturing is the mainstay of China's manufacturing sector, serving as the foundation for the modern industrial system and supporting national economic development and meeting people's needs [1] - Over the years, China's traditional manufacturing has developed significant advantages, including large scale, low costs, good supporting facilities, and strong resources [1] Group 2: Transformation Initiatives - During the 14th Five-Year Plan period, initiatives will be implemented to upgrade traditional manufacturing through technological transformation, accelerating equipment updates, process upgrades, digital empowerment, and management innovation [1] - The transformation aims for high-end, intelligent, green, and integrated development, with notable achievements such as the establishment of over 230 excellent intelligent factories and 1,260 5G factories, and industrial robots accounting for over 50% of global new installations [1] - In terms of green development, the comprehensive energy consumption of products like steel and cement has reached world-leading levels [1] - The integration of new technologies such as big data and cloud computing is widely applied in traditional manufacturing sectors like textiles, clothing, chemicals, and building materials, promoting a shift from single manufacturing to "manufacturing + services" [1] Group 3: Future Goals - The 15th Five-Year Plan period is crucial for achieving the new industrialization goals by 2035, focusing on transitioning traditional manufacturing from scale development to value creation [2] - Emphasis will be placed on strengthening technological empowerment and standard leadership, utilizing new technology upgrades and large-scale equipment updates to enhance industrial quality and efficiency, thereby stabilizing the manufacturing sector [2]

会上，国家发展改革委就纲要草案编制作了汇报，与会同志进行了讨论。李强说，习近平总书记在党的 二十届四中全会上的重要讲话，为做好纲要草案编制工作提供了根本遵循。《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》明确提出了"十五五"时期经济社会发展的指导思想、基本原 则、主要目标、战略任务等，是指导"十五五"时期经济社会发展的纲领性文件。我们要深入学习领会习 近平总书记重要讲话精神和党中央决策部署，在纲要草案编制中全面深入地贯彻落实。 李强指出，编制纲要草案要紧紧围绕新时代新征程党的中心任务，强化发展意识，坚持以推动高质量发 展为主题，在壮大新质生产力、建设现代化产业体系等方面取得更大突破，推动经济实现质的有效提升 和量的合理增长。要强化全局思维，准确把握"十五五"发展所处的历史方位，准确把握国内国际两个大 局，保持战略定力，充分估计可能的外部冲击、做好应对准备，牢牢把握发展主动权。要强化民生导 向，坚持人民至上，聚焦各方面关切谋划政策举措，设身处地、换位思考，奔着解决实际问题去，让群 众和企业可感可及。 中共中央政治局常委、国务院副总理丁薛祥出席。 张国清、刘国中、吴政隆、谌贻琴参加会议。 ● 新华 ...

Core Viewpoint - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China has approved the suggestions for the 15th Five-Year Plan, emphasizing high-quality development and technological self-reliance as primary goals for the upcoming decade [1] Group 1: Economic Growth and Development Goals - The average GDP growth rate needs to be maintained above 4.5% over the next decade to achieve the goal of reaching the per capita GDP level of moderately developed countries by 2035 [2] - The focus has shifted from "economic development" and "reform and opening up" to "high-quality development" and "technological self-reliance," indicating a greater emphasis on the quality and technological content of economic growth [2] - The plan includes a commitment to maintaining a reasonable proportion of the manufacturing sector and constructing a modern industrial system centered on advanced manufacturing [2][8] Group 2: Policy Directions and Strategic Focus - The report outlines 12 major deployments, with a strong emphasis on supporting the real economy, enhancing service sector development, and building modern infrastructure [4] - The focus on supply-side reforms will prioritize "productivity + innovation," while demand-side policies will concentrate on "consumption + inclusiveness" [6] - The report highlights the importance of stabilizing employment, enterprises, markets, and expectations as part of maintaining economic fundamentals [7] Group 3: Market Outlook and Investment Opportunities - The Chinese stock market is expected to continue its upward trend, driven by the transformation of the economy and ongoing capital market reforms [3] - New emerging technologies are identified as a key investment theme, with cyclical financial sectors also seen as potential outperformers [3] - The emphasis on high-quality economic development and the need for a robust manufacturing base suggest that policies supporting advanced manufacturing and technology sectors will be prioritized [4][8]

高质量发展是中国式现代化的必然要求，关系我国社会主义现代化建设全局。壹引其纲，万目皆张。高 质量发展是对经济社会发展方方面面的总要求，是所有地区发展都必须贯彻的要求，是必须长期坚持的 要求。"十五五"时期，必须坚持高质量发展不动摇，完整准确全面贯彻新发展理念，加快构建新发展格 局，加快高水平科技自立自强，引领发展新质生产力，建设现代化产业体系，让新动能更加澎湃、新优 势更加彰显，牢牢把握发展主动权。 向新而行，以质致远，"十五五"的发展前景光明、未来可期！ 责编：张靖雯、侯兴川 0:00 党的二十届四中全会强调，"十五五"时期经济社会发展，必须以推动高质量发展为主题，坚定不移推动 高质量发展。这为我们推动经济持续健康发展和社会全面进步、扎实推进中国式现代化指明了努力方向 和实践路径。 ...

李强指出，要创新思路、务求实效，高质量编制规划纲要，进一步明确"十五五"发展的 施工图、路线图，谋划提出务实管用的发展载体和工作抓手。要培育壮大高质量发展新动 能，围绕成长性强、牵引性强的领域打造一批新产业新赛道。要坚持扩大内需这个战略基 点，充分挖掘强大国内市场的潜力。要通过全面深化改革释放发展动力和活力，围绕重点领 域和关键环节深入研究改革举措。要主动开展对外经贸格局的战略性调整，推出更多自主开 放、单边开放措施。要统筹发展和安全，防范重点领域风险，确保社会大局稳定。 李强强调，纲要草案编制时间紧、任务重，各方面要密切协作、形成合力。要面向社会 公众公开征集意见建议，广泛了解社会期盼、专家意见、基层经验等，认真研究吸纳到纲要 草案中。要加强统筹协调，做好专项规划编制与国家发展规划的衔接，指导地方立足比较优 势编制规划，形成科学有机的规划体系。 张国清、刘国中、吴政隆、谌贻琴参加会议。 来源：新华社 新华社北京10月24日电 10月24日，中共中央政治局常委、国务院总理李强主持召开 国务院"十五五"规划《纲要草案》编制工作领导小组会议并作讲话。 中共中央政治局常委、国务院副总理丁薛祥出席。 会上，国家发展改 ...

Core Viewpoint - The article emphasizes that the "14th Five-Year Plan" period is crucial for achieving socialist modernization in China, with a focus on technology and consumption driving economic growth, and the potential for the Chinese stock market to experience a "transformation bull" trend leading to new highs in A/H stock indices [1][2]. Group 1: Importance of Domestic Demand - The importance of domestic demand is highlighted, with a shift towards building a strong domestic market, indicating a significant increase in the focus on consumption during the "14th Five-Year Plan" [2]. - The relationship between consumption and investment is discussed, with expectations that more policy resources will be directed towards consumption and livelihood sectors, such as elderly care, education, and healthcare [2]. Group 2: Modern Industrial System - The report stresses the need to maintain a reasonable proportion of manufacturing and to build a modern industrial system centered on advanced manufacturing [2]. - There is an emphasis on enhancing independent innovation capabilities and accelerating breakthroughs in key technologies, particularly in the context of de-globalization [2]. Group 3: Unified National Market - The establishment of a unified national market is crucial for breaking local protectionism and market segmentation, which can lead to resource misallocation and efficiency losses [3]. - The report mentions the importance of expanding institutional openness and maintaining a multilateral trade system to address global economic challenges [3]. Group 4: Investment Opportunities - The article identifies potential investment opportunities in sectors aligned with the goals of the "14th Five-Year Plan," including advanced manufacturing, renewable energy, machinery, and consumer goods [3]. - Specific sectors to watch include internet, semiconductors, military, media, and retail, as they are expected to benefit from the economic transformation [3].

中共中央政治局常委、国务院副总理丁薛祥出席。 新华社北京10月24日电 10月24日，中共中央政治局常委、国务院总理李强主持召开国务院"十五五"规 划《纲要草案》编制工作领导小组会议并作讲话。 李强指出，要创新思路、务求实效，高质量编制规划纲要，进一步明确"十五五"发展的施工图、路线 图，谋划提出务实管用的发展载体和工作抓手。要培育壮大高质量发展新动能，围绕成长性强、牵引性 强的领域打造一批新产业新赛道。要坚持扩大内需这个战略基点，充分挖掘强大国内市场的潜力。要通 过全面深化改革释放发展动力和活力，围绕重点领域和关键环节深入研究改革举措。要主动开展对外经 贸格局的战略性调整，推出更多自主开放、单边开放措施。要统筹发展和安全，防范重点领域风险，确 保社会大局稳定。 李强强调，纲要草案编制时间紧、任务重，各方面要密切协作、形成合力。要面向社会公众公开征集意 见建议，广泛了解社会期盼、专家意见、基层经验等，认真研究吸纳到纲要草案中。要加强统筹协调， 做好专项规划编制与国家发展规划的衔接，指导地方立足比较优势编制规划，形成科学有机的规划体 系。 张国清、刘国中、吴政隆、谌贻琴参加会议。 会上，国家发展改革委就纲要草案 ...

Group 1 - The core viewpoint of the articles revolves around the outcomes of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, which emphasizes the achievements during the 14th Five-Year Plan and sets the main goals for the 15th Five-Year Plan [1][2] - The session highlighted 12 key areas including modern industrial systems, technological self-reliance, expanding domestic demand, market economy reforms, and rural revitalization [2][3] Group 2 - The construction of a modern industrial system is emphasized, with a focus on integrating technological innovation and industrial development, particularly in advanced manufacturing and aerospace technology [5][6] - The strategy of technological self-reliance is marked as a central growth driver for the 15th Five-Year Plan, aiming to enhance basic research and key technology breakthroughs [6] - The approach to expanding domestic demand is noted to focus on the balance between supply and demand, promoting long-term consumption growth rather than short-term stimulus [7][8] Group 3 - The report indicates a potential acceleration in the pace of opening up, with an emphasis on institutional and autonomous openness in response to global competition [9] - The A-share market is expected to show a "long-term" and "steady" trend, supported by improved market confidence and structural reforms [10] - Investment opportunities are suggested in sectors such as digital technology, aerospace, high-end manufacturing, and consumer goods, with specific focus areas identified [11][12]