Group 1 - Caterpillar (CAT) experienced a 4.46% increase on January 2, becoming a market highlight and injecting vitality into the investment market for the new year [1] - In 2025, the U.S. stock market closed the year with a nearly 13% increase in the Dow Jones, marking three consecutive years of double-digit growth, with Caterpillar leading Dow components with a 60.3% annual increase [1] - The strong performance of Caterpillar is driven by a surge in global demand for AI-driven data centers, boosting sales of the company's backup power systems [1] Group 2 - The healthcare sector, represented by UnitedHealth, faced challenges with rising medical costs and a Department of Justice investigation, resulting in a 33.14% decline in stock price [2] - Salesforce, a leader in customer relationship management, encountered saturation in the software market, leading to a 20.25% drop in stock price [2] - Consumer goods companies like Nike and Procter & Gamble also struggled, with stock prices falling by 13.83% and 12.26% respectively [2] Group 3 - Investors need to be more cautious in the current market environment, as AI and technological innovation present new growth opportunities for companies like Caterpillar [2] - Traditional industries may continue to face challenges due to multiple internal and external pressures, necessitating close attention to global economic data, company earnings, and industry dynamics for timely investment strategy adjustments [2]

期照护师这一新生工种带来的改变——收入稳步提升，职业获得感越来越强。"从业4年来，我参加了一 系列专业培训，系统掌握了翻身移位、应急处置等规范化技能，服务水平大幅提升。今年，我要参加更 多进阶培训，用专业能力为更多失能家庭撑起'照护伞'。"钟红丽坚定地说。 习近平主席在新年贺词中强调"绿水青山成为亮丽底色"。这让陕西环保集团榆林榆神秦邦水务有限 公司生产运行员庞磊心潮澎湃，更感肩上重任千钧。"公司是处理区域煤矿矿井水的骨干企业，主要负 责将位于毛乌素沙地的小保当、大保当等煤矿的外排矿井水进行净化处理，达标后输送到工业园区作为 工业用水。2025年，我们累计供水2200万立方米，相当于22万户家庭一年的用水量，将榆神工业园区工 业用水中矿井水的占比从39%提升至49%，为区域绿色发展提供了水资源支撑。"他说，"2026年，我将 在工作中更好地践行绿水青山就是金山银山理念，继续为守护绿水青山贡献自己的一份力量。" "文旅市场人气火爆，'城超''村超'热闹非凡，冰雪运动点燃冬日激情。"习近平主席的新年贺词， 让陕西旅游集团延安文化旅游产业投资有限公司董事长国小强倍感振奋。"2025年，陕旅集团延安板块 精心策划并实 ...

转自：贵州日报 本报讯 记者近日从贵州科学城服务中心获悉，2025年，贵州科学城锚定"中西部特色科学城"定位，紧 扣全省"6+3"现代化工业体系需求，以"四城"联动为引擎推进创新平台引育，全年新增各类创新平台27 个。 过去，创新平台建设常陷入"单打独斗"的困境。为破解这一难题，贵州科学城坚持"精准引育、梯次推 进"工作思路，通过精准引导与系统培育，推动创新平台建设从单一数量增长迈向高质量、体系化发展 新阶段，构建起层次清晰的"金字塔"式平台发展梯队，实现创新资源的系统化优化配置。目前，贵州科 学城已构建起覆盖基础研究、技术开发、成果转化、小试中试、检验检测等环节的"省直引领、省级支 撑、部委突破、国家级进阶"四级梯度培育体系，成为服务全省产业升级、驱动"四城"联动的核心引 擎。 作为骨干支撑，省级平台紧密对接省内"6+3"工业体系的关键需求。目前，科学城已布局13个特色序列 的省级平台，全面覆盖重点产业链，针对产业实际痛点开展应用研发与成果转化。贵州省航空发动机转 子结构完整性重点实验室、电动智能车辆技术创新中心等，为航空发动机、新能源汽车等产业集群提供 了扎实可靠的技术支撑。 基础环节，2025年下半年贵 ...

1月2日，2026年首个交易日，美国三大股指收盘涨跌不一，道指涨0.66%，标普500指数涨0.19%，纳指跌0.03%。 板块方面，大型科技股跌多涨少，其中，特斯拉连续七个交易日下跌。消息面上，据央视新闻报道，当地时间1月2日，特斯拉公布数据显示，该公司2025 年全球交付汽车163.6万辆，同比下降约8.6%。这是特斯拉有史以来首次在全年电动汽车销量上被中国汽车制造商比亚迪超越。 芯片股表现强劲，费城半导体指数涨4.01%，美光科技涨超10%，阿斯麦涨超8%，英特尔涨逾6%，台积电涨超5%，超微半导体涨超4%。 中概股普遍上涨，纳斯达克中国金龙指数涨4.38%，迎来"开门红"。热门个股方面，百度集团涨超15%，小马智行涨超10%，万国数据涨近10%，老虎证 券涨超9%，晶科能源涨超8%，哔哩哔哩、网易涨超7%，阿里巴巴、阿特斯太阳能涨超6%。 贵金属方面，现货黄金涨0.33%，报4332.5美元/盎司，COMEX黄金期货涨0.02%，报4341.90美元/盎司。现货白银涨1.74%，报72.8美元/盎司，COMEX白 银期货涨2.35%，报72.27美元/盎司。 加密货币方面，多个主要币种集体上涨，比特币 ...

记者丨金珊 庞华玮 编辑丨陈思颖 1月2日，2026年首个交易日，美国三大股指收盘涨跌不一，道指涨0.66%，标普500指数涨0.19%，纳指 跌0.03%。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 48382.39 | 23235.63 | 6858.47 | | +319.10 +0.66% | -6.36 -0.03% | +12.97 +0.19% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7859.65 | 25396.50 | 6900.75 | | +329.91 +4.38% | -60.25 -0.24% | +8.25 +0.12% | 贵金属方面，现货黄金涨0.33%，报4332.5美元/盎司，COMEX黄金期货涨0.02%，报4341.90美元/盎 司。现货白银涨1.74%，报72.8美元/盎司，COMEX白银期货涨2.35%，报72.27美元/盎司。 国际油价方面，WTI 2月原油期货收跌0.17%，报57.32美元/桶。布伦特3月原油期货收跌0.16%，报 60.75美元/桶。 加密货币方面，多个主要币种 ...

Market Overview - On January 2, 2026, the U.S. stock market showed mixed results with the Dow Jones up by 0.66%, the S&P 500 up by 0.19%, and the Nasdaq down by 0.03% [1] - The Dow closed at 48,382.39, the Nasdaq at 23,235.63, and the S&P 500 at 6,858.47 [2] Sector Performance - Large tech stocks experienced more declines than gains, with Tesla seeing a continuous drop for seven trading days. Tesla reported a global delivery of 1.636 million vehicles in 2025, marking an 8.6% year-over-year decline, and was surpassed by BYD in annual electric vehicle sales for the first time [2] - Semiconductor stocks performed strongly, with the Philadelphia Semiconductor Index rising by 4.01%. Notable gains included Micron Technology up over 10%, ASML up over 8%, Intel up over 6%, TSMC up over 5%, and AMD up over 4% [4] Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 4.38%, indicating a positive start to the year for Chinese stocks. Key performers included Baidu Group up over 15%, Pony.ai up over 10%, and several others showing significant gains [4] Commodity Prices - Gold prices increased slightly, with spot gold rising by 0.33% to $4,332.50 per ounce, while silver rose by 1.74% to $72.80 per ounce [4] - In the oil market, WTI crude oil futures for February fell by 0.17% to $57.32 per barrel, and Brent crude for March fell by 0.16% to $60.75 per barrel [5] Cryptocurrency Market - Major cryptocurrencies saw collective gains, with Bitcoin surpassing the $90,000 mark, reflecting a 1.87% increase [6] Foreign Investment Outlook - Foreign institutions maintain a positive outlook on Chinese assets, with predictions of a 38% increase in the Chinese stock market by the end of 2027 [7] - Investment opportunities are expected to be highly structured, focusing on technology innovation, green energy transition, and high-quality brands benefiting from consumer recovery [8]

Core Viewpoint - Kunming is transforming into a significant open hub, leveraging the China-Laos Railway to enhance its connectivity and trade with Southeast Asia, thereby reshaping its economic landscape and fostering high-quality development [1][2][3]. Group 1: Infrastructure and Connectivity - The China-Laos Railway serves as a strategic pivot for Kunming, creating a new land route to Southeast Asia and enhancing trade efficiency with countries like Laos and Thailand [2][3]. - The railway has significantly improved logistics, reducing transportation time for goods such as fresh durians from Thailand to Kunming by 30% compared to traditional methods [2]. - By 2025, the railway is expected to have facilitated over 62.5 million passenger trips and transported more than 72.5 million tons of goods, connecting 19 countries and regions [3]. Group 2: Trade and Economic Growth - Kunming's foreign trade has seen substantial growth, with total import and export value increasing from 111.1 billion yuan in 2020 to 143.2 billion yuan in 2024, reflecting an annual growth rate of 6.6% [4]. - In the first ten months of 2025, the city's foreign trade reached 145.7 billion yuan, marking a year-on-year increase of 14.4% [4]. - The Menghan port has become the largest land port for durian imports in China, with its trade value surging by 186% over four years [4]. Group 3: Policy and Institutional Innovation - Kunming is actively reforming customs processes, reducing cargo clearance times at the Mohan Railway Port from 40 hours to between 2 to 5 hours [6]. - The city has implemented a "linkage" customs model, cutting clearance times by over 50% and reducing labor costs by 30% [7]. - Kunming is expanding its Free Trade Zone, aligning its regulations with international standards, and has established trade relations with 192 countries [8]. Group 4: Industrial Coordination and Development - The city has initiated a cross-regional industrial cooperation mechanism, enhancing collaboration with neighboring regions and promoting the development of key industrial parks [10]. - Since the management of the Mohan area was transferred to Kunming, investments have exceeded 14 billion yuan, with a significant increase in population and business activity [9]. Group 5: Innovation and Talent Development - Kunming is focusing on innovation-driven strategies, with the number of high-tech enterprises growing from 1,427 in 2021 to over 2,500 by 2025 [11]. - The city has hosted numerous international technology transfer training sessions, enhancing its talent pool and fostering international collaborations [12]. - Kunming aims to become a technological innovation hub for South and Southeast Asia, leveraging its resources and strategic location [11][12]. Group 6: Future Outlook - Kunming is positioned to leverage its ecological, resource, and developmental advantages to achieve higher quality growth and play a more significant role in China's broader opening-up strategy [13].

杨德龙 | 立方大家谈专栏作者 2025年行情已经收官。盘点全球资本市场的表现，多国股市延续了2024年的涨势。2025年在全球央行掀 起降息潮，释放充分预流动性的背景之下，全球股市多数出现上涨。在4月份特朗普关税政策的冲击之 下，全球股市一度出现大幅调整，甚至推动美股等多国股市陷入技术性熊市。 相对而言，A股和港股仍然处于历史平均估值之下，A股、港股特别是科技股的牛市还会延续。得益于 政策支持、外资流入以及居民储蓄向资本市场大转移，A股和港股在2026年将有望向上，预计上升 10%-20%左右。科技股依然会是投资主线之一；新能源、消费、白马股、军工有色等多个板块将会联 动，市场的赚钱效应明显提升，投资者的获得感增强。 2025年，A股市场呈现出哑铃型的结构，一方面是低估值、高股息的银行股大涨，带动指数向上突破 4,000点，另一方面就是科技成长股大涨，以人形机器人芯片、半导体算力算法、固态电池为代表的科 技股依然在2026年有进一步上升的机会。2026年是"十五五"规划的开局之年，科技创新依然是重要主题 在2025年，传统板块，即哑铃的中间部分，几乎没有上涨，很多板块甚至出现下跌。在2026年，市场的 资金 ...

"十五五"规划即将实施。规划强调科技创新是"十五五"的核心动力，旨在 解决"卡脖子"技术问题，培育新质生产力，重点方向包括人工智能、量子 信息、生命科学等。2 026 年我国资本市场有望延续慢牛、长牛行情，其 中科技创新领域将受到关注。 2025年我国经济、科技基本情况及政策前景 文/ 前海开 源基金 首席经济学家 杨德龙 在货币政策方面，美联储预计将继续降息。美联储降息往往会引发其他央行跟随降息，而我国央行此前已经通过降准、降息提供了较为宽松的货币环境。 预计 2026年美联储可能降息两次。我国利率水平本身已经处于较低位置，降息空间相对有限，但仍可通过下调 LPR 利率、MLF 利率等方式降低资金成 本。这将为推动 A 股和港股进一步走强奠定基础。 在美元指数逐步回落的背景下，人民币汇率有望继续回升。人民币升值将吸引更多外资流入中国资产，这对于推动中国资产估值回升具有积极意义。 2025年前十一个月，我国货物贸易顺差突破 1万亿美元，创造了历史记录。在中美签署贸易协定之后，我国出口贸易有望保持平稳增长态势，并在这一基 础上实现进一步提升。当前我国出口"新三样"，即新能源汽车、锂电池和光伏产品，具备较强的国际 ...

国际人士表示，习近平主席的新年贺词向世界传递了重要信息，体现出中国发展理念与愿景、以及对于民生福祉的高度重视。 南非国家行政学院国际关系与伙伴关系司官员 邦加尼·马伊梅莱：习近平主席提出的一系列倡议得到了世界上各国的广泛欢迎。大多数非洲国家与中国共享 相同的发展愿景与发展目标。 国际人士还表示，习近平主席的新年贺词不仅介绍中国所取得的发展成就，还体现出对民生福祉的重视。 德国联邦经济发展和对外贸易协会主席 米夏埃尔·舒曼：读了习近平主席的新年贺词，其中有一段内容令我深受触动，他谈到"民生无小事"。贺词中多次提 到中国的发展成就，包括经济领域的成绩。问题是：发展的目的是什么？答案正是为了人民的幸福。这是此次新年贺词中最令我印象深刻的段落，也是值得 欧洲借鉴的重要理念。 中国改革友谊奖章获得者 美国库恩基金会主席 罗伯特·库恩：在听完习近平主席的演讲后，最令我印象深刻的是，他在很短时间里精辟阐释了很宏大的主 题。从"寻梦"到"中国式现代化"，再到"高质量发展""新质生产力"以及"科技创新"，我们能看到，习主席用很有条理的方式，全面展示了他对于整个国家的 发展愿景。 南非外交部主管中南双边关系的代理副总司长 佐德瓦 ...