Core Insights - The article highlights the collaborative efforts of various policies in the East China region to promote new industrialization, particularly through the integration of artificial intelligence and high-tech development [1][20]. Group 1: Artificial Intelligence and Industrial Development - Artificial intelligence has become the "intelligent core" of new industrialization in East China, with Shanghai having 60 generative AI service models registered, ranking second nationally [6][20]. - The AI industry in Shanghai is projected to exceed 450 billion yuan by 2024, establishing it as a significant technology innovation center [6]. - Jiangsu province has over 400 specialized "little giant" enterprises in the AI sector, leading the nation in computing power and application of large models [6]. Group 2: Economic Performance and Growth Metrics - In 2024, Shanghai's industrial added value is expected to grow by 2.2% to reach 1.09 trillion yuan, with industrial investment surpassing 200 billion yuan, marking a historical high [11]. - The strategic emerging industries in Shanghai account for 43.6% of the total industrial output, with new generation information technology and high-end equipment industries growing by 7.1% and 5.1%, respectively [11][12]. - Jiangsu's industrial added value increased by 8.1% in the first four months of 2024, indicating robust industrial vitality driven by AI [7]. Group 3: National High-Tech Zones and Innovation - The 178 national high-tech zones have become core drivers of China's technological innovation, contributing 19.3 trillion yuan to GDP in 2024, with a nominal growth of 7.6% [15]. - High-tech industries within these zones account for 24.1% of the national industrial added value, showcasing their significant role in the economy [15]. - Suzhou Industrial Park, recognized as the "fourth pole" of national high-tech zones, achieved a 10.3% increase in industrial added value in 2024, with high-tech industries making up 74% of its output [16]. Group 4: Policy Synergy and Collaborative Framework - The article outlines three main collaborative logics in the new industrialization practices of East China: policy synergy, integration of innovation and industry, and open empowerment [20]. - The Ministry of Industry and Information Technology's top-level design aligns with local policies, such as Shanghai's implementation plan supported by 24 incremental policies [20]. - The establishment of innovation platforms and industrial clusters is crucial, with 70% of national manufacturing innovation centers located in high-tech zones [20].

Group 1 - The Ministry of Ecology and Environment is promoting multi-field and multi-level collaborative innovation trials for pollution reduction and carbon reduction, aiming to establish a standard system for key industries [1] - The Ministry has issued an implementation plan for collaborative pollution and carbon reduction, which includes pilot projects in 21 cities and 43 industrial parks, such as Beijing Economic and Technological Development Area [1][2] - In 2023, 73 ecological industrial parks were established, contributing 8.5% of the national industrial added value while maintaining significantly lower emissions compared to national levels [2] Group 2 - The Ministry is advancing clean production and green production methods, with a focus on mandatory audits for key enterprises and promoting advanced clean production technologies [2] - Since 2024, the Ministry has reviewed the environmental impact assessments (EIAs) of six national economic development zones, providing optimization suggestions to align industrial development with ecological protection [3] - Sixteen industrial parks are selected for optimized EIA classification management trials, with four being national economic development zones [3]

Core Viewpoint - The live streaming e-commerce industry is experiencing a transformation in consumer behavior, with a shift towards rational purchasing decisions and a focus on product quality, performance, and price balance. This change is characterized by a "contradictory consumption upgrade," where consumers seek both cost-effectiveness and self-reward [1][4]. Consumer Demand Changes - Consumers now demand low prices while ensuring quality assurance, questioning the reasons behind low prices and potential compromises on quality [4][5]. - There is a trend towards following fashion trends while also seeking unique, niche products, as evidenced by the success of customized items that stand out from mass-produced goods [4][5]. - Consumers prefer quick decision-making and deep engagement, wanting essential information delivered rapidly rather than enduring lengthy live streams [4][5]. Business Adjustments - The company has restructured its business model to address challenges such as refined consumer demands, complex supply chain management, and rising traffic costs [5][6]. - A shift from relying on single hosts to developing a matrix of expert hosts has been implemented to enhance sales growth [6][7]. - The focus has moved from "lowest price" to emphasizing "exclusive value," utilizing data from social media platforms to customize new products rapidly [7][8]. - The live streaming format has evolved from simple sales pitches to a "content convenience store" model, allowing users to find products quickly and transparently [7][8]. Industry Trends and Future Outlook - The year 2025 is anticipated to be a critical period for the live streaming e-commerce industry, with three key capabilities determining business success: deep water operational capability, small ecological closed-loop capability, and AI industrialization capability [1][9]. - Companies must adapt to a more competitive environment where understanding consumer behavior and preferences is essential for survival [9][10]. - The integration of AI technology is reshaping the operational processes of live streaming e-commerce, enabling better predictions of consumer purchasing behavior based on various factors [9][10]. Strategic Collaborations and Results - The company has established strategic partnerships with 21 major industrial hubs across China, enhancing direct supply chain efficiency and reducing costs by 30% to 50% [10]. - The focus on high-quality, source-verified products has led to a 45% repurchase rate for these items in live streams, indicating strong consumer demand for value [10]. - The company is leveraging AI to create engaging short videos that drive traffic and facilitate brand membership growth, resulting in a significant proportion of new brands emerging successfully in the market [10].

近日，全省科技创新和产业创新深度融合推进制造业高质量发展大会召开，"浙江制造天工鼎"夺鼎 结果揭晓。杭州市和滨江区、钱塘区、萧山区、临平区成功夺鼎。值得一提的是，杭州市以及滨江区、 钱塘区、萧山区已经连续3年获得该荣誉，由此获颁全省首批"浙江制造天工鼎"金鼎。 "浙江制造天工鼎"作为浙江省制造业领域最高荣誉，是浙江为了引导和激励各地加快制造业高质量 发展专门设立的。该奖项的评定，需要考虑产业结构、创新发展、企业主体培育、招大引强等多个综合 指标。 在产业集群建设上，杭州近年来取得了新突破。杭州视觉智能（数字安防）产业集群、浙东工业母 机、环杭州湾现代纺织服装、长三角（含江西）大飞机等4个集群入选国家级先进制造业产业集群。萧 山区汽车智能底盘产业集群入选2024年度国家中小企业特色产业集群，实现"零的突破"。聚焦省级产业 集群，2024年新入选省级"415X"先进制造业集群核心区3个、协同区1个，累计总数达25个、居全省第 一。 锚定新型工业化目标，杭州全力推动产业结构向优、创新活力更足：一方面，纵深推进制造业"智 改数转"，全市6928家规上工业企业实现数字化改造1.0全覆盖，13个案例入选工信部人工智能赋能 ...

Core Viewpoint - The Ministry of Ecology and Environment will continue to carry out multi-field and multi-level collaborative innovation pilots for pollution reduction and carbon reduction, aiming to establish a standard system for key industries [1] Group 1: Collaborative Innovation and Standards - The focus will be on developing new productive forces, promoting new industrialization, and enhancing the synergy between pollution reduction and carbon reduction [1] - The management methods and standards for ecological industrial parks will be revised and issued [1] - Continuous promotion of ecological industrial park construction is planned to further improve the level of ecological civilization in the industrial sector [1] Group 2: Environmental Impact Assessment - The company will ensure service support for the planning and environmental impact assessment of national-level economic development zones [1] - Support will be provided for qualified economic development zones to carry out pilot reforms of environmental impact assessments [1]

中金研究 美东时间5月22日，众议院版本的"大美丽法案"（one big beautiful bill）获得通过[1]，参议院可能在6月进行投票，最终糅合版或有望按照特朗普的预 期，在7月4日美国国庆日前完成立法[2]。这部集减税、减支、抬高美债上限、国防和移民政策于一体的法案可能大幅增加未来10年美国财政赤字规 模，基本验证了我们在去年11月的报告《 特朗普+贝森特：财政难紧缩 》中的观点。中长期来看， 面对国内贫富分化、再工业化等结构性问题和全球 地缘竞争，美国大概率不具备有效削减赤字的客观条件。 从短期来看， 债务上限提高后，美债发行潮可能在7-9月到来，或迫使美国加快货币与金融 政策调整，如开启QE、加速SLR豁免及其他金融改革，为美债市场提供流动性 （参见《 美国流动性冲击、重启QE与主权财富基金 》）。 点击小程序查看报告原文 "大美丽法案"要做什么？ "大美丽法案"是特朗普上任以来便着力推进的立法计划，按照众议院最新版本（图表1），该法案主要包括如下四项内容： 图表1：CRFB预计众议院版本大美丽法案对未来10年财政基本赤字的影响 | 众议院委员会 | 主要政策诉求 | | | | | | 对财 ...

反工业化、缓慢、笨拙。 文 丨 徐煜萌 编辑 丨 钱杨 如果不是顾客人手一杯奶茶，经过的人很可能以为这是一家餐厅：后厨十来个店员做餐，不同种类的 厨具铺满操作台。穿黑围裙、戴黑帽子的年轻小伙掀开双立人高压锅的锅盖，雾气立刻遮住视线，香 味说明那是刚煮好的芋头芯子。边上的 "阿嬷" 高高拉起搅拌过的米麻薯，制作这一份要花去 40 分 钟。后厨以规定速度搅打蛋液，只为了让炖蛋漂在奶茶上。忙碌的他们站在门店最中心的位置，隐蔽 的音响发出早市般窸窸窣窣的声音，和做餐声交叠，在商业中心创造出一个缓慢却充满烟火气的空 间。显示器的号码提醒到店点餐的客人，前面已经排了 180 杯。 创始人邓倩从小生活在广西，由祖辈带大。熬煮区的阿姨叫 "阿嬷"，取自方言，也来自广西。在做奶 茶之前，她们做的是地方家常菜。邓倩印象里，长辈做的菜干净好吃，挑剔食材。她希望她的品牌给 人家的感觉、长辈亲手做的感觉。 当用标准化和自动化换效率和规模成为茶饮行业标准答案的时候，阿嬷手作没有那么做。它所有环节 手作，只用天然原料，少量拓店。所有品牌无论规模都经历了同店销售额的回落，它仍然保持一个月 卖一百多万元的业绩。一位头部茶饮公司研发人员跟我们回 ...

点击图片▲立即报名 " 象征美国最高权力的专机，始于海湾君主国的馈赠，而波音这个 ' 美国制造 ' 的图腾，如今要靠外国订单才能续命。 文 / 巴九灵（微信公众号：吴晓波频道） 卡塔尔 "送给"特朗普的波音747飞机，本周三到了美国。 "签收这份价值4亿美元豪华快递"的是五角大楼，按官员们的说法，半年后，它将经过军方秘密改装，正式成为总统的出行专座"空军一号"，但知 情人士觉得这一计划表纯属天方夜谭。 比如，重新喷漆怕都是要半年之久，更何况还要检查其安全性（毕竟来自外国），并让它具备空中作战指挥能力。 但性急的特朗普恐怕等不了这么久，作为他的最新政绩，这架飞机已经被赋予了太多光环，而光环最好时刻陪伴在总统左右。 就在贝森特与中国代表团在日内瓦进行那场举世瞩目的贸易谈判之际，特朗普则远赴中东，访问沙特阿拉伯、卡塔尔和阿联酋三国，谈成了多笔交 易，并高调宣布，预备接收一架来自卡塔尔王室的 "免费"波音747-8客机，用以取代他当前使用的"空军一号"专机。 搁下收这架飞机算不算"受赂"的争议不提，如今，白宫网站上，已经更新了特朗普的 "销售业绩"，可以预见的是，不管这架飞机未来命运如何， 制造它的公司波音 都 无可 ...

中国证监会近日同意上海期货交易所（下称上期所）铸造铝合金期货及期权注册，标志着我国期货市场首 个再生金属品种即将上市。证监会要求上期所做好各项准备工作，保障铸造铝合金期货及期权平稳运行和 健康发展。 这是我国再生金属产业第一个品种上市，对于打造产业更好生态具有重要意义。一方面形成透明、高效的定价 方式，通过市场化机制及时反映产品供需，推动产品质量和产业结构优化；另一方面控制风险、盘活资金，解 决企业成本高、账期长等痛点难题，提升抗风险能力；第三标准化引领、规范发展，以标准化产品和交割体系 促进产业提升 ，引领产业向高质量方向迈进。 铸造铝合金期货及期权即将上市，为相关产业提供了全新风险管理利器，业内反响积极。 助力绿色转型 据了解，我国是全球最大的铸造铝合金生产国和消费国，据中国有色金属工业协会统计，2024年，我国铸造铝 合金（再生）产能约为1300万吨，产量约为620万吨；表观消费量约为673万吨。铸造铝合金具有低密度、高强 度、良好的抗蚀性和优异的铸造工艺性，广泛应用于汽车、摩托车、机械设备、通信设备、电子电器、五金灯 具等领域。 铸造铝合金是以废铝为主要原料，与铜、硅等熔炼后，通过铸造工艺生成毛坯或零 ...

国常会：要加快绿色科技创新和先进绿色技术推广应用 强化新型工业化绿色底色 智通财经5月23日电，李强主持召开国务院常务会议。会议指出，推进制造业绿色低碳发展是大势所 趋，要加快绿色科技创新和先进绿色技术推广应用，强化新型工业化绿色底色。要推进传统产业深度绿 色转型，结合大规模设备更新等政策实施，积极应用先进装备和工艺，加快重点行业绿色改造升级。要 引领新兴产业高起点绿色发展，加大清洁能源、绿色产品推广，提升资源循环利用水平。要加强共性技 术攻关，完善重点领域标准，优化相关政策，健全绿色制造和服务体系，更好支持和帮助企业转型升 级。 ...