摘要近期白银价格如火箭般蹿升，周二(12月9日)一举突破60美元/盎司大关，单日涨幅超过4%，年内累 计涨幅已超过100%。周三(12月10日)现货白银延续涨势，站上61美元/盎司，一度刷新历史高点至61.45 美元/盎司，正式宣告白银进入"60美元时代"，国内沪银期货价格延续强势，继续攀升高位，沪银期货 主力合约最高触及14388元/千克。 2025年11月，全球白银ETP持仓激增487吨，12月前十天又增加475吨，创下2020年以来最猛烈的资金流 入纪录。 近期白银价格如火箭般蹿升，周二(12月9日)一举突破60美元/盎司大关，单日涨幅超过4%，年内累计涨 幅已超过100%。周三(12月10日)现货白银延续涨势，站上61美元/盎司，一度刷新历史高点至61.45美元/ 盎司，正式宣告白银进入"60美元时代"，国内沪银期货价格延续强势，继续攀升高位，沪银期货主力合 约最高触及14388元/千克。 截至北京时间11:57，现货白银最新报60.91美元/盎司，涨幅0.43%；COMEX白银期货主力最新报61.42 美元/盎司，涨幅0.43%。 首先，全球供应链瓶颈虽有所缓解，但仍未彻底解决；其次，光伏、新能源汽 ...

11月份居民消费持续恢复，综合整治"内卷式"竞争成效显现。 12月10日，国家统计局公布数据显示，11月份居民消费价格指数（CPI）同比上涨0.7%，涨幅扩大；扣除食品 和能源价格的核心CPI同比上涨1.2%，涨幅连续3个月保持在1%以上。 同期，工业生产者出厂价格指数（PPI）环比上涨0.1%，连续两个月上涨；同比下降2.2%，降幅比上月扩大0.1 个百分点。值得注意的是，综合整治"内卷式"竞争成效持续显现，如煤炭开采和洗选业、光伏设备及元器件制 造、锂离子电池制造等行业价格同比降幅均已连续多个月收窄。部分行业价格走势反映出新兴产业快速发展、 消费潜力有效释放。 鲜菜价格上涨明显，环比大超季节性 11月份，CPI同比上涨0.7%，涨幅比上月扩大0.5个百分点。国家统计局城市司首席统计师董莉娟表示，CPI同 比涨幅为2024年3月份以来最高，同比涨幅扩大主要是食品价格由降转涨拉动。 数据显示，11月份，CPI的分项数据中，食品价格同比上涨0.2%，非食品价格上涨0.8%。"鲜菜价格由上月下 降7.3%转为上涨14.5%，为连续下降9个月后首次转涨，对CPI同比的上拉影响比上月增加约0.49个百分 点。"董莉娟 ...

Core Viewpoint - Economic provinces in China are playing a crucial role in stabilizing the national economy while driving growth, with clear future plans outlined in the "14th Five-Year" proposals [1][2]. Group 1: Economic Performance - The top ten economic provinces contribute nearly 20% of the national area and over 60% of the GDP, acting as a stabilizing force for the national economy [2]. - In the first three quarters of this year, all nine provinces in the top ten recorded GDP growth rates above or on par with the national average, showcasing strong development momentum [2]. - Jiangsu's GDP surpassed 10 trillion yuan for the first time, while Shanghai and Hunan both exceeded 4 trillion yuan, marking a new threshold for the "four trillion club" [2]. Group 2: Future Planning - Five of the ten economic provinces have set ambitious goals to lead in various aspects, such as Guangdong aiming for economic doubling by 2035 and Jiangsu focusing on high-quality development and technological innovation [3]. - Zhejiang plans to achieve significant progress in high-quality development and common prosperity within five years [3]. Group 3: Structural Optimization and New Momentum - Economic provinces are at the forefront of structural optimization and new momentum, with policies promoting the growth of emerging industries like digital economy and artificial intelligence [4]. - Guangdong has released a detailed plan for digital economy development, targeting a core AI industry scale exceeding 440 billion yuan by 2027 [4]. Group 4: Domestic Demand and Investment - Economic provinces are enhancing domestic demand and stabilizing investment through consumption activities and major engineering projects [6]. - Guangdong has allocated an additional 3.5 billion yuan for fiscal policies, while Jiangsu plans to distribute over 400 million yuan in consumption vouchers [7]. Group 5: Reform and Innovation - To further stimulate growth potential, economic provinces are encouraged to focus on breaking regional collaboration barriers and innovating in areas like low-altitude economy [8].

Group 1 - The core viewpoint of the article highlights the strong development momentum of major economic provinces in China, which are playing a crucial role in stabilizing the national economy while also driving growth as the 14th Five-Year Plan progresses [1][2]. - Major economic provinces, including Guangdong, Jiangsu, Shandong, and others, contribute significantly to the national GDP, accounting for over 60% of the total, and have shown impressive growth rates in the first three quarters of the year [2][3]. - Specific achievements include Jiangsu's GDP surpassing 10 trillion yuan for the first time and Shanghai and Hunan exceeding 4 trillion yuan, indicating a higher entry threshold for the top ten economic provinces [2]. Group 2 - Five out of the ten major economic provinces have set ambitious goals for themselves, focusing on high-quality development and technological innovation, with Guangdong aiming for economic doubling by 2035 [3][4]. - The provinces are prioritizing emerging industries such as digital economy and artificial intelligence, with Guangdong outlining specific targets for AI and digital transformation by 2027 [4][5]. - The article emphasizes the importance of collaboration between major economic provinces and central and western regions to promote technological transfer and industrial cooperation [5]. Group 3 - Major economic provinces are actively working to boost domestic demand and stabilize investment through various initiatives, including financial incentives and major infrastructure projects [6][7]. - For instance, Guangdong has allocated 3.5 billion yuan for new fiscal policies, while Jiangsu plans to distribute over 400 million yuan in consumer vouchers [7]. - Significant infrastructure projects are underway, such as the completion of key railway and water resource projects, which are expected to enhance regional connectivity and benefit millions [7]. Group 4 - In terms of reform and high-level openness, major economic provinces are implementing measures to improve the business environment and integrate into the national market [8]. - For example, Sichuan has introduced 25 measures to address challenges in the business environment, while Henan has developed a plan to support the national market integration [8]. - The article suggests that further breakthroughs in regional collaboration and innovative practices are necessary to inject stronger momentum into local economic development [8].

持续扩大内需和优化供给需要更加积极有为的宏观政策予以支撑。会议指出将继续实施更加积极的财政 政策。在财政资金使用上，需把"投资于物和投资于人"紧密结合在一起。"投资于物"意味着加强重点领 域财力保障，全力支持高水平科技自立自强、建设现代化产业体系、推动经济社会发展全面绿色转型 等。"投资于人"则聚焦加强民生保障，财税资源将优先保障教育、社会保障等基本公共服务，加大对普 惠养老和育儿支持体系的财政补贴与税收激励力度。 一方面，大力提振消费，激活高品质消费需求仍是关键。重点培育新业态、打造新场景，将有效降低居 民消费成本与企业创新门槛，激发市场对智能化、绿色化、高品质产品和服务的需求，为强大国内市场 注入持续的内生动力。此外，还应加大对服务消费领域的支持力度，如对养老托育、文化旅游、健康体 育等给予补贴支持或发放消费券，促进服务市场增量扩围。近年来以旧换新政策取得了积极成效，未来 在对家电、汽车等传统耐用消费品支持的基础上，可考虑将政策支持范围进一步扩充至智能家居、低碳 建材等更广泛的商品类别。 另一方面，着力扩大有效投资，夯实内需增长基础，也是当务之急。"十五五"时期，一批国家重大战略 实施和重点领域安全能力建 ...

（来源：内蒙古工商联） 11月30日至12月6日，乌海市工商联组织部分直属商会赴广州市、深圳市、武汉市、北京市走访外埠商会和相关企业，共商合作路径。 考察组一行先后走访广东省内蒙古商会、广东省河北商会、广州市内蒙古商会、广州市番禺区南村总商会、深圳市内蒙古商会、湖北省内蒙古商会、湖北 省河北商会，介绍乌海市重点产业布局、地区民营经济发展优势及"十五五"时期工作思路举措，表达了希望借助外埠商会平台吸引投资、深化合作的意 愿。并与各商会围绕加强信息互通、资源共享与合作发展等方面进行了深入互动交流，探讨合作发展新机遇。 在北京，考察组聚焦前沿科技与新兴产业，实地走访北京格安恒能新能源科技发展有限公司和北京万联易达控股集团有限公司，围绕固态电池技术发展前 景、大数据与人工智能应用场景、区域协同创新模式等内容深入交流。企业对乌海市四条重点产业链发展情况表现出浓厚兴趣。 下一步，乌海市工商联将持续搭建常态化合作平台，进一步加强与外埠商会组织的联系对接，动态跟踪此次考察达成的各项合作意向，以高质量服务推动 意向落地见效、结出硕果，为乌海市经济社会高质量发展注入强劲动能。 （来源：内蒙古工商联） 11月30日至12月6日，乌 ...

制图：彭章霞 近几年，人们的"曾经想象"正变得触手可及。无人机送外卖，美食"从天而降"；借助脑机接口技术，四 肢截肢患者用"意念"下象棋；人形机器人站上生产一线，与工人协同工作。一批前沿科技从实验室走向 生产生活，成为推动经济高质量发展的新引擎。 新能源汽车产销量连续10年保持全球第一，光伏和风电装备产量位居世界前列，生物制造产业总规模已 接近1万亿元……新兴产业加速"领跑"，未来产业加力"生根"，为我国经济高质量发展注入源源不断的 新动能。2024年，我国"三新"经济增加值占GDP比重已经超过18%。 再看未来产业。"今天"的未来产业可能是"明天"的战略性新兴产业、"后天"的支柱产业。但未来产业的 孵化培育具有高度不确定性，发展具有高成长性，技术具有多路线迭代性。从科技成果转化到大规模产 业化，业界往往形象地称之为跨越"死亡之谷"。"十五五"规划建议提出，"创新监管方式，发展创业投 资，建立未来产业投入增长和风险分担机制"，这将有利于降低产业投资回报的不确定性，解决早期投 资、长期投资严重匮乏问题，从而鼓励各类经营主体和社会资本投资未来产业。 同时，发展新兴产业和未来产业也需因地制宜，避免"一哄而上"。各地 ...

制图：彭章霞 近几年，人们的"曾经想象"正变得触手可及。无人机送外卖，美食"从天而降"；借助脑机接口技 术，四肢截肢患者用"意念"下象棋；人形机器人站上生产一线，与工人协同工作。一批前沿科技从实验 室走向生产生活，成为推动经济高质量发展的新引擎。 新兴产业、未来产业技术创新速度快、市场潜力空间大、新动能成长活跃，对保持经济稳定增长、 培育发展新质生产力至关重要。"十四五"期间，我国新兴产业和未来产业有了怎样的积累？ 新能源汽车产销量连续10年保持全球第一，光伏和风电装备产量位居世界前列，生物制造产业总规 模已接近1万亿元……新兴产业加速"领跑"，未来产业加力"生根"，为我国经济高质量发展注入源源不 断的新动能。2024年，我国"三新"经济增加值占GDP比重已经超过18%。 放眼长远，新兴产业和未来产业发展前景广阔。在新能源、新材料、航空航天、低空经济等战略性 新兴产业领域，有望催生数个万亿级甚至更大规模的市场；量子科技、生物制造、氢能和核聚变能、脑 机接口、具身智能、第六代移动通信等未来产业蓄势发力，未来十年新增规模相当于再造一个中国高技 术产业。 然而，机遇和挑战如同一枚硬币的两面，总是相伴而生。近年来，在 ...

0:00 责编：卢思宇、张振 2025年是中欧建交50周年，意大利前总理、欧盟委员会前主席罗马诺·普罗迪在2025年"读懂中国"国际 会议(广州)期间接受采访时表示，当今世界全球治理面临多重挑战，期待欧盟与中国共同引领，重建全 球合作趋势。 普罗迪认为，中国在过去数年的发展成就令人瞩目，在多个新兴产业引领全球。对于欧盟内部对华态度 不一的问题，普罗迪分析称，核心原因在于欧盟成员国之间的利益差异。目前，更有效的路径是先建立 宏观框架协议，明确合作的核心方向与基本原则。意大利可以成为欧盟成员国之间的沟通桥梁，帮助欧 盟国家客观、全面地看待中国发展，凝聚合作共识。 (记者 何俊杰 广州报道） ...

Core Viewpoint - The A-share market showed a collective increase on December 8, with the Shanghai Composite Index rising by 0.58%, driven by strong performances in sectors such as communication equipment, brokerage, and electronic components, while coal and petrochemical sectors faced declines [1] Industry Summary - The machine tool sector continued to strengthen, with the Machine Tool ETF (159663) rising by 2.07% as of 10:44 AM. Key component stocks such as Yujing Co., Ltd. increased by 8.25%, Huagong Technology by 7.83%, Guoji Precision by 5.57%, Haimeixing by 3.92%, and Zhejiang Haideman by 3.68% [1] - According to the National Bureau of Statistics, the cumulative production of metal cutting machine tools in China is projected to reach 715,000 units by October 2025, reflecting a year-on-year increase of 14.80%. In October alone, production was 69,000 units, up 6.20% year-on-year [1] - Jianghai Securities noted that machine tool-related data is steadily recovering, with a significant increase in export prices. The demand for machine tools is being released as the domestic economy improves and structural transformation progresses, particularly in emerging industries such as new energy vehicles, low-altitude economy, humanoid robots, and commercial aerospace [1] - The Machine Tool ETF (159663) closely tracks the China Securities Machine Tool Index, which encompasses a critical segment of the manufacturing industry—high-end equipment manufacturing. This includes sectors such as laser equipment, machine tool tools, robots, and industrial control equipment, aligning with the new productivity concept that emphasizes innovation-driven and industrial upgrading practices [1]