人民日报记者 殷新宇 祁嘉润 理论创新引领实践创新。 作为马克思主义生产力理论中国化时代化的最新成果，习近平总书记提出的新质生产力理论，展现 出强大的真理力量和实践伟力。以创新为显著特点的新质生产力，正成为点燃高质量发展的新引擎。 时代是思想之母，实践是理论之源。 "高质量发展需要新的生产力理论来指导，而新质生产力已经在实践中形成并展示出对高质量发展 的强劲推动力、支撑力，需要我们从理论上进行总结、概括，用以指导新的发展实践。" 新质生产力有多重要？ 对于很多传统产业的一线工人而言，他们可能无法从理论的高度回答，却能不断用实践作答：依靠 技术创新驱动产业升级，老企业焕发新活力，传统产业中也能培育出专精特新"小巨人"。 习近平总书记强调："实体经济不能丢，实体经济里边的传统产业不能丢，要通过科技创新实现转 型升级。"一番话道出一以贯之的要求："传统产业改造升级，也能发展新质生产力。" 立与破，新与旧，这里面是深刻的辩证法。 "注重新旧动能转换的过渡和衔接，以新化旧、循序渐进，不要一哄而上，'金娃娃'还没抱上就先 把吃饭的家伙扔了。""必须统筹好培育新动能和更新旧动能的关系，因地制宜发展新质生产力。" "因地制宜 ...

Report Summary 1. Industry Investment Rating No information provided on the industry investment rating. 2. Core Viewpoints - The economy showed a steady upward trend in the first three quarters of 2025. In the production industry, fixed - asset investment declined slightly, but equipment and tool purchase investment had double - digit growth, and high - end manufacturing investment was prominent. In the service industry, the real estate market showed signs of improvement, and shipping and aviation industries had changes in schedules and prices [1][2]. - Different sectors in the industry had various trends. Upstream industries like glass and some agricultural products had price changes; mid - stream industries such as chemical and energy sectors had fluctuations in开工率 and consumption; downstream industries like real estate and services also had different performance [3][4][5]. 3. Summary by Related Catalogs Production Industry - From January to September 2025, national fixed - asset investment (excluding rural households) was 371,535 billion yuan, a year - on - year decrease of 0.5%, and a 0.07% decline in September compared to the previous month. Equipment and tool purchase investment increased by 14.0% year - on - year. In terms of industrial structure, the primary industry investment increased by 4.6% year - on - year, the secondary industry investment increased by 6.3%, with industrial investment up 6.4% and manufacturing investment up 4.0%. High - end manufacturing sectors like automobile manufacturing and railway, ship, aerospace and other transportation equipment manufacturing had significant investment growth of 19.2% and 22.3% respectively [1]. Service Industry - In September 2025, in 70 large and medium - sized cities, housing prices in all tiers of cities declined month - on - month, but the year - on - year decline continued to narrow, and the number of cities with year - on - year increases in new - home prices rose. Some cities like Beijing and Shanghai showed positive trends in the real estate market. The 2025 winter - spring flight schedule was implemented from October 26, with domestic flight times contracting for two consecutive seasons, with 1.0% and 1.8% declines in 2024 and 2025 respectively. Global shipping giants raised freight rates on multiple routes by 600 - 2000 US dollars per container from October 15 [2]. Industry Overview - Upstream - In the black industry, glass prices dropped significantly. In the agricultural industry, egg prices rose slightly, while pork prices declined [3]. Industry Overview - Midstream - In the chemical industry, the PX operating rate remained stable at a high level, while the polyester and PTA operating rates were low. In the energy industry, power plant coal consumption decreased [4]. Industry Overview - Downstream - In the real estate industry, the sales of commercial housing in first, second, and third - tier cities continued to decline. In the service industry, the number of domestic flights increased slightly [5]. Key Industry Price Index Tracking - On October 20, various commodities had different price changes. For example, in the agricultural sector, the spot price of eggs increased by 4.59% year - on - year, while the average wholesale price of pork decreased by 4.11%. In the energy sector, the spot price of WTI crude oil increased by 2.97%, while the spot price of Brent crude oil decreased by 2.30% [36].

Group 1 - The core viewpoint of the article highlights the continued growth in recruitment within advanced manufacturing and modern service industries, with specific emphasis on the rising demand for talent in short drama production [2][3][6] Group 2 - In advanced manufacturing, the new materials sector leads with a 66.7% year-on-year increase in job postings, followed by optoelectronics at 54.2% and military manufacturing at 54.0% [3] - The modern service industry shows significant growth in the pet services sector, with a 43.7% increase in job postings, particularly for pet doctors and groomers, which surged by 128.2% and 67.3% respectively [3] - The elderly care sector also experienced a 29.2% increase in job postings, driven by rising demand for caregivers and rehabilitation therapists [3] Group 3 - The gaming industry saw a 38.9% increase in job postings, with game operation and promotion roles growing by 233.1% and 30.8% respectively, benefiting from AI technology and global market expansion [4] - The automotive aftermarket also performed well, with job postings increasing by 37.9%, particularly in car washing, maintenance, and beauty services, which grew by 85.4%, 64.2%, and 25.9% respectively [4] Group 4 - The short drama market is experiencing a talent shortage, with a 26% year-on-year increase in demand for related positions, particularly for editors and screenwriters [6][7] - Editors account for 15.9% of job postings in the short drama sector, while screenwriters make up 10.0%, reflecting the industry's focus on high-quality storytelling [6][7] - Actors and models, along with streamers, are also essential for short drama production, comprising 8.6% and 5.4% of job postings respectively [7] Group 5 - Overall, the talent market in Q3 2025 aligns with industry upgrades and consumer changes, with advanced manufacturing focusing on technological breakthroughs and modern services expanding employment opportunities through innovative scenarios [7]

Core Viewpoint - Yixing has been selected for the National Modern Agricultural Industrial Park project, focusing on the rice-crab industry to enhance agricultural modernization and rural revitalization [1] Group 1: Industry Development - The Yixing National Modern Agricultural Industrial Park is leveraging its industrial cluster advantages to create a comprehensive supply chain for high-quality rice and healthy river crabs, integrating production, processing, and sales [2] - The rice processing capacity in the industrial park has reached 1.9 million tons annually, with a processing-to-agricultural output value ratio of 3.8:1 and a processing conversion rate of 92% [2] - The park has established 227,400 acres of high-standard farmland and 19 leading rice enterprises, along with 70 rice processing companies [2] Group 2: Technological Innovation - The Yixing Modern Aquaculture Seed Industry Center is under construction, aiming for a seedling survival rate of over 85% and utilizing IoT sensors for real-time monitoring of water quality [3] - The park has initiated 16 research projects in collaboration with higher education institutions, with over 300 million yuan invested in research and development [4] - The park has achieved a good seed coverage rate of 99% and has been granted multiple patents for agricultural innovations [4] Group 3: Economic Growth and Employment - The industrial park is innovating mechanisms to integrate resources across six townships, enhancing collective economic growth and creating a collaborative development model [5][6] - The park has created employment for 29,400 farmers, with an average collective income of 7.37 million yuan per village [6] - The park aims to embed farmers into various stages of the agricultural value chain, enhancing productivity and income opportunities [6]

2025.10.20 本文字数：1795，阅读时长大约3分钟 作者 |一财评论员 10月20日，国家统计局发布了前三季度主要经济数据。今年以来，国民经济顶压前行，不仅稳住了基本 盘，不少关键领域还实现了新突破、新提升；前三季度经济增长5.2%，快于上年同期0.4个百分点，为 实现全年主要目标奠定了坚实基础。 国家统计局在答记者问时指出，前三季度新质生产力发展情况主要有五个方面的特点：创新成果竞相迸 发，创新能力有效提升；新产业新产品快速发展，新业态新模式加快拓展；人工智能赋能增强，数字经 济蓬勃发展；绿色转型步伐稳健，经济发展"含绿量"不断提升；技术改造继续深化，传统产业焕新发 展。 世界知识产权组织最新发布的报告显示，2025年中国创新指数首次跻身全球前十，24个创新集群成为全 球百强，入围数量连续3年居全球首位。这都与持续加大投入相关。 去年4月，国务院印发了《关于加强监管防范风险推动资本市场高质量发展的若干意见》，其中强调： 要加大对符合国家产业政策导向、突破关键核心技术企业的股债融资支持；推动债券和不动产投资信托 基金（REITs）市场高质量发展；拓宽企业境外上市融资渠道，提升境外上市备案管理质效等。 ...

2025.10. 20 本文字数：1795，阅读时长大约3分钟 作者 | 一财评论员 10月20日，国家统计局发布了前三季度主要经济数据。今年以来，国民经济顶压前行，不仅稳住了 基本盘，不少关键领域还实现了新突破、新提升；前三季度经济增长5.2%，快于上年同期0.4个百分 点，为实现全年主要目标奠定了坚实基础。 国家统计局在答记者问时指出，前三季度新质生产力发展情况主要有五个方面的特点：创新成果竞相 迸发，创新能力有效提升；新产业新产品快速发展，新业态新模式加快拓展；人工智能赋能增强，数 字经济蓬勃发展；绿色转型步伐稳健，经济发展"含绿量"不断提升；技术改造继续深化，传统产业焕 新发展。 新质生产力的加快培育为高质量发展增添了新动能，推动中国经济换上新的增长引擎。同时，新质生 产力的发展将继续创造新的经济增长点，从而更有效激发自主创新活力与产业升级动力，也有助于对 冲下行压力，增强上行动力。 今后一个时期，新质生产力发挥的推动作用会更加重要。 今年以来，各方面继续加大创新投入，推动新兴领域投资扩产，促进新质生产力形成。国家统计局的 数据表明，2024年研发经费投入比上年增长8.9%，研发经费投入强度比上年提高 ...

Core Viewpoint - The "15th Five-Year Plan" period (2026-2030) is crucial for China to achieve its 2035 modernization goals, emphasizing the need for high-quality development driven by new productivity and technological innovation [1] Group 1: International Environment - The "15th Five-Year Plan" will face unprecedented changes in the global landscape, with a shift in power dynamics and intensified competition in technology and industries [2] - The restructuring of global supply chains is characterized by regionalization, nearshoring, and localization, necessitating a proactive approach to adapt to these changes [2] - The weakening of multilateral mechanisms like the WTO and the intensifying competition in emerging fields such as digital economy and climate change require China to enhance its openness and adaptability [2] Group 2: Domestic Development Conditions - China is experiencing a new normal with both advantages and constraints, including challenges from population aging and diminishing traditional cost advantages [2] - The release of human capital and the transition from quantity to quality in the super-large market indicate a shift in economic growth drivers, with the digital economy now accounting for over 40% of GDP [2] - Despite advancements in R&D investment and patent output, China still faces risks in key core technology areas [2] Group 3: Strategic Goals and Policy Framework - The report outlines strategic goals for the "15th Five-Year Plan," aiming for an average annual economic growth rate of approximately 4.73% to double the economy or per capita income by 2035 [3] - Key quality and efficiency indicators include a rapid increase in labor productivity, R&D investment intensity reaching 3%, and a significant rise in the share of non-fossil energy consumption to around 25% [3] - The report proposes six policy recommendations, including building a modern industrial system centered on new productivity, deepening reform and opening up, promoting green transformation, and enhancing governance efficiency [3]

继续创造新的经济增长点，激发自主创新活力与产业升级动力。 今年以来，各方面继续加大创新投入，推动新兴领域投资扩产，促进新质生产力形成。国家统计局的数 据表明，2024年研发经费投入比上年增长8.9%，研发经费投入强度比上年提高0.11个百分点。 10月20日，国家统计局发布了前三季度主要经济数据。今年以来，国民经济顶压前行，不仅稳住了基本 盘，不少关键领域还实现了新突破、新提升；前三季度经济增长5.2%，快于上年同期0.4个百分点，为 实现全年主要目标奠定了坚实基础。 国家统计局在答记者问时指出，前三季度新质生产力发展情况主要有五个方面的特点：创新成果竞相迸 发，创新能力有效提升；新产业新产品快速发展，新业态新模式加快拓展；人工智能赋能增强，数字经 济蓬勃发展；绿色转型步伐稳健，经济发展"含绿量"不断提升；技术改造继续深化，传统产业焕新发 展。 新质生产力的加快培育为高质量发展增添了新动能，推动中国经济换上新的增长引擎。同时，新质生产 力的发展将继续创造新的经济增长点，从而更有效激发自主创新活力与产业升级动力，也有助于对冲下 行压力，增强上行动力。 今后一个时期，新质生产力发挥的推动作用会更加重要。 要持续增 ...

Economic Growth - China's GDP for the first three quarters grew by 5.2% year-on-year, with a total of 101,503.6 billion yuan [1][2] - Quarterly growth rates were 5.4% in Q1, 5.2% in Q2, and 4.8% in Q3, indicating a steady economic performance despite external pressures [1][2] Industrial Performance - Industrial profits for large-scale enterprises shifted from a 1.7% decline in the first seven months to a 0.9% increase by August, marking a significant turnaround [3][5] - Key sectors driving this recovery include raw materials manufacturing and equipment manufacturing, highlighting strong market demand for high-tech products [5][9] Manufacturing and Innovation - High-tech manufacturing value added increased by 9.6% year-on-year in the first three quarters, with notable growth in 3D printing equipment (40.5%), industrial robots (29.8%), and new energy vehicles (29.7%) [9][11] - The rapid growth of server production, which surged by 86.2% in August, underscores the importance of digital economy infrastructure [9][11] Investment Trends - Manufacturing investment grew by 4.0%, outpacing overall investment, with significant contributions from traditional industry upgrades and high-end equipment investments [13][14] - Private enterprises are increasingly investing in innovation and emerging industries, despite a slowdown in overall private investment [13][14] Consumer Behavior - Retail sales of consumer goods increased by 4.5% year-on-year, with a notable shift towards consumption upgrades driven by policies promoting product replacement [14][16] - Service retail sales grew by 5.2%, indicating a robust demand for service-oriented consumption [16] Trade Performance - China's goods trade reached 33.61 trillion yuan in the first three quarters, with a 4% year-on-year increase, and exports grew by 7.1% [20][22] - The export of industrial robots rose by 54.9%, reflecting an improvement in the structure and value of exports [22]

Core Insights - The A-share cultivated diamond sector is experiencing significant growth, driven by policy changes and technological advancements, transitioning from a decorative to a functional application in high-end manufacturing [1][2] - Cultivated diamonds are being recognized for their strategic value, particularly in the semiconductor industry, where they serve as ideal heat dissipation materials [2][4] - China's dominance in the cultivated diamond market is evident, controlling 95% of global production capacity, but the industry faces structural imbalances, particularly in processing and branding [7][8] Group 1: Market Dynamics - The cultivated diamond market is undergoing a value reconstruction, shifting from decorative uses to functional applications, particularly in electronics [1] - The global cultivated diamond market is facing pressure, with India's imports of rough diamonds dropping by 37.01% year-on-year, indicating overcapacity and price wars [4][6] - In contrast, the natural diamond market shows resilience, with a 14.07% year-on-year increase in rough diamond imports in August [5] Group 2: Policy Implications - The Chinese government has implemented export controls on synthetic diamond products, which may initially hinder exports but will ultimately drive the industry towards technological advancements and high-end production [4][8] - The policy changes will create different opportunities and challenges across the supply chain, benefiting upstream manufacturers and supporting midstream processing capabilities [9][10] - The domestic market for cultivated diamonds has significant growth potential, with current penetration at only 5%, suggesting substantial room for expansion [9][11] Group 3: Investment Opportunities - Investors are advised to focus on companies with leading advantages in semiconductor heat dissipation applications and large single crystal production, as these areas are encouraged by policy and have high technical barriers [10][11] - The trend towards domestic production of detection instruments and core equipment is expected to create growth opportunities for specialized companies in the cultivated diamond sector [11][12] - The recent export control policy marks a pivotal moment for the cultivated diamond industry, shifting growth drivers from price competition to technological breakthroughs and value enhancement across the entire supply chain [12]