Economic Development - The Diqing Tibetan Autonomous Prefecture has achieved high-quality economic and social development, with GDP surpassing 30 billion yuan and per capita GDP increasing from 68,700 yuan in 2020 to 77,700 yuan in 2024 [1] - The proportion of industrial investment in fixed asset investment has risen from 27.7% in 2020 to 64.5% in 2024 [1] Tourism Industry - The tourism industry in Diqing is experiencing strong growth, with a projected total of 31.23 million visitors and tourism expenditure of 35.29 billion yuan in 2024 [1] - From January to November, the region received 33.48 million domestic and international tourists, achieving a year-on-year growth of 18.36% in visitor numbers and 29.37% in tourism expenditure [1] Environmental Protection - Diqing has a forest coverage rate of 63.98%, with ecological red line areas covering 63.26% of the land, and 43.32% of the total area designated as national and provincial nature reserves [2] - The water quality monitoring shows that 94.4% of national and provincial monitoring sections have good water quality, contributing to the protection of local rivers [2] Cultural and Tourism Integration - The region is focusing on high-quality development of the cultural and tourism industry, with policies aimed at stabilizing growth and supporting small and medium enterprises [3] - The cultural tourism industry has become a significant contributor to the local economy, with its value added accounting for 13.6% of GDP by the third quarter of this year [3] - Over 35% of the local population is engaged in tourism-related industries, with rural tourism expected to generate 5.2 billion yuan in income in 2024 [3]

Core Viewpoint - The article emphasizes the importance of the 14th National Committee of the Chinese People's Political Consultative Conference's discussions on the "15th Five-Year Plan" and its focus on high-quality development, common prosperity, and security in the context of China's modernization efforts [1][6]. Group 1: High-Quality Development - The primary focus of the "15th Five-Year Plan" is to promote high-quality development, aiming for decisive progress in achieving Chinese-style modernization [1][4]. - High-quality development is highlighted as a key theme throughout the plan, with specific goals and principles emphasizing its importance [1][4]. - The plan outlines practical paths for achieving high-quality economic and social development across eight sections [1]. Group 2: Common Prosperity - The plan underscores the principle of putting people first and aims to enhance the overall well-being of the population, with a focus on common prosperity as a fundamental goal [4][5]. - Specific targets for reducing income disparities among different regions and between urban and rural residents are set, aiming for a more equitable distribution of wealth [5]. - The plan emphasizes the need to balance efficiency and fairness in the socialist market economy to promote common prosperity [5]. Group 3: Security and Development - The "15th Five-Year Plan" includes a strong emphasis on the integration of development and security, ensuring that modernization efforts are not disrupted by global changes or significant international events [6]. - It identifies the need to modernize the national security system and enhance the resilience of the economic and industrial systems [6]. - The plan addresses the challenges posed by changes in population structure and emphasizes the importance of stabilizing birth rates for long-term economic and social stability [6].

Economic Growth - The economic output of Chuxiong Yi Autonomous Prefecture has surpassed 200 billion yuan, increasing from 137.2 billion yuan in 2020 to 201.9 billion yuan in 2024 [1] - General public budget revenue and expenditure have exceeded 10 billion yuan and 30 billion yuan, respectively [1] Development Strategy - The focus during the "14th Five-Year Plan" period has been on high-quality development and sustainable growth, leading to stable economic operations and improved living standards [1] - Chuxiong is transitioning from being an "open end" to a "radiating frontier," enhancing its strategic position and regional value [1] Innovation and R&D - R&D expenditure has increased nearly fourfold compared to 2020, with a significant rise in the number of innovative platforms and technology-driven enterprises [2] - The total number of business entities has surpassed 380,000, doubling since the end of the "13th Five-Year Plan," with the private sector's contribution to GDP rising from 48.4% in 2020 to 53% [2] Industry Development - A complete industrial ecosystem has been established, with significant growth in the Yi embroidery industry, which is expected to see its value added reach 312 million yuan and output exceed 1.13 billion yuan by 2024 [2] - The development path for the Yi embroidery products is becoming increasingly standardized and scaled [2] Environmental Protection - Chuxiong has established the first national wild scientific observation station for green peacocks and a legal protection circuit court in the province [2] - The population of green peacocks has increased from 270 in 2020 to 430, accounting for over half of the national total [2]

中国学者答巴西友人：展望"十五五"，如何以科技创新推动高质量发展？｜ 问答中国 中新网12月17日电(记者 甘甜 陈天浩)"十五五"时期，中国将如何更好地把同理心、同情心，以及利他 主义理念，融入新兴技术发展过程中？在这一过程中，如何能做到"以人为本""以环境为核心"？近日， 巴西南里奥格兰德联邦大学信息学教授埃德森·普雷特斯在最新一期《问答中国》节目中，发出提问。 围绕相关提问，中国现代国际关系研究院研究员、金砖暨G20中心主任徐飞彪做出深入回答。 徐飞彪表示，《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》将"科技自立自强水 平大幅提高"列入"十五五"时期经济社会发展的主要目标，不仅为我国科技事业发展指明了前进方向， 也释放了中国坚持开放合作、互利共赢的强烈信号。 他进一步指出，从"十五五"时期经济社会发展必须遵循的原则来看，其中一大原则就是坚持高质量发 展，也就是说，以新发展理念引领发展，推动经济持续健康发展和社会全面进步。 "从科技发展的角度来看，中国不是'蒙着头'、关着门在搞科技发展，而是打开门去发展，所践行的是 真正的利他主义。"徐飞彪进一步指出。 此外，徐飞彪表示，"十五五"规划建议 ...

Report Overview - Report Date: December 17, 2025 - Report Title: Economic Data Review for November 2025 1. Industry Investment Rating - The document does not provide an industry investment rating. 2. Core Viewpoints - Most economic indicators continued to weaken in November. Consumption and investment faced significant pressure, and the GDP growth rate in Q4 might slow down compared to Q3. The core contradiction in the current economic operation is the co - existence of the drag from the adjustment of old driving forces and the growth of new driving forces. Real - estate downturn and cautious consumer behavior are short - term constraints, while policy support and industrial upgrading are key supports [2]. - In December, social retail sales still face a high - base pressure from the +3.7% year - on - year growth in December 2024, and the effect of the withdrawal of national subsidies may continue to show. In terms of fixed - asset investment, the decline in real - estate investment has widened, infrastructure investment may be under great fiscal constraint pressure, and only manufacturing upgrading provides support [2]. - The 2025 Central Economic Work Conference emphasized the role of domestic demand, strengthened the main position of enterprise innovation, and added the statement of "increasing counter - cyclical and cross - cyclical adjustment" in macro - policies. Attention should be paid to the implementation effect of growth - stabilization policies and the supporting role of high - quality development and new productive forces on the economy [2]. - In 2026, the bond market may perform better than expected. Since the second half of the year, the bond market has often deviated from the fundamentals and is dominated by institutional behavior. It is expected that the policy interest rate will be cut by about 20BP in 2026, with a 10BP cut likely in Q1. In the long - term, the 30 - year treasury bond yield is expected to fall below 2% [3]. 3. Summary by Category Consumption - In November, the growth rate of social retail sales continued to decline. The total retail sales of consumer goods in November was 4.4 trillion yuan, a year - on - year increase of 1.3%, 1.6 percentage points lower than the previous month. The year - on - year growth rate has declined for six consecutive months, reaching the lowest single - month level since 2023. From January to November, the total retail sales of consumer goods increased by 4.0% year - on - year, 0.3 percentage points lower than from January to October [2]. - The policy to expand service consumption continued to be implemented, and service retail sales continued to grow rapidly. From January to November, the retail sales of cultural, sports, and leisure services continued to grow at a double - digit rate. The national box office revenue increased by 19.5% year - on - year, and the number of moviegoers increased by 20.3% year - on - year [2]. - The year - on - year growth rate of most retail sales of national - subsidy - related categories continued to slow down. In November, the year - on - year growth rate of retail sales of above - quota household appliances and audio - visual equipment dropped significantly to - 19.4%, 4.8 percentage points lower than in October. The year - on - year retail sales of above - quota furniture decreased by 3.8%, 13.4 percentage points lower than in October [2]. Fixed - Asset Investment - The pressure on fixed - asset investment continued to increase. The cumulative year - on - year growth rate of fixed - asset investment has been weakening for eight consecutive months, with negative growth for three consecutive months and an accelerating decline. The decline in real - estate development investment has widened for nine consecutive months. From January to November, fixed - asset investment decreased by 2.6% year - on - year [2]. - From January to November, infrastructure investment, manufacturing investment, and real - estate development investment decreased by 1.1%, increased by 1.9%, and decreased by 15.9% year - on - year respectively, 1.0, 0.8, and 1.2 percentage points lower than the previous period. Infrastructure investment has had negative cumulative year - on - year growth for two consecutive months [2]. - Private investment has had negative cumulative year - on - year growth for six consecutive months. From January to November, the year - on - year decline widened to - 5.3%, 0.8 percentage points lower than from January to October [2]. Foreign Trade - The overall growth rate of imports and exports rebounded significantly. In November, the total value of imports and exports was 3.9 trillion yuan, a year - on - year increase of 4.1%, a significant increase of 4 percentage points from 0.1% in October. Exports were 2.3 trillion yuan, a year - on - year increase of 5.7%, rebounding from - 0.8% in October. Imports were 1.6 trillion yuan, maintaining growth for six consecutive months [3]. - Trade with the EU and Africa rebounded significantly, while the decline in exports to the US continued to widen. In November, the total trade value with ASEAN increased by 3.3% year - on - year, and exports to ASEAN increased by 8.2%. The total trade value with the EU increased by 10.25% year - on - year, 8.3 percentage points higher than the previous period. Exports to the EU increased by 14.8% year - on - year, a significant rebound of 13.9 percentage points from October [3]. - High - end manufacturing became the core driving force for the rebound. In November, exports of mechanical and electrical products increased by 9.65% year - on - year in US dollars, 8.4 percentage points higher than the previous month, and exports of high - tech products increased by 7.68% year - on - year, 5.9 percentage points higher than the previous month [3]. Industrial and Service Sectors - From January to November, the added value of industrial enterprises above the designated size increased by 6.0% year - on - year, 0.1 percentage points lower than from January to October. In November, it increased by 4.8% year - on - year, 0.1 percentage points lower than in October [3]. - In November, the added value of high - tech manufacturing and equipment manufacturing above the designated size increased by 8.4% and 7.7% year - on - year respectively, maintaining a growth rate of over 7% in each month since 2025 [3]. - In November, the service production index increased by 4.2% year - on - year, 0.4 percentage points lower than the previous month and 1.9 percentage points lower than in November last year [3]. Economic Outlook and Recommendations - The economy still faces certain pressure. On the consumption side, although there is growth in durable goods and service consumption supported by policies, the decline in the retail sales of above - quota durable goods reflects that the overall consumer willingness still needs to be boosted. On the investment side, the drag of infrastructure and real - estate on the economy may continue [3]. - The probability of the introduction of growth - stabilization policies such as reserve requirement ratio cuts and interest rate cuts increases. The bond market in 2026 may perform better than expected, and it is recommended to focus on the allocation value of 5 - year bank capital bonds and ultra - long - term interest - rate bonds [3]

Group 1 - The upcoming "National Famous Private Enterprises Assist Hunan High-Quality Development Conference" will be held from December 21 to 23 in Changsha, aiming to attract strong private enterprises nationwide to participate [8][10] - This conference is expected to have the largest participation of well-known private enterprises in recent years, highlighting the importance of private sector engagement in Hunan's economic development [11][12] - The conference will focus on key areas such as technological innovation, industrial upgrading, green development, and open cooperation, aligning with national strategic needs and Hunan's development goals [12][13] Group 2 - Hunan's private economy has significantly increased in scale and strength, supporting high-quality economic and social development, with 777.7 million private economic entities as of November, including 204.5 million private enterprises [13][14] - The private sector contributes over 80% of the national "specialized and innovative" small giant enterprises and 90% of Hunan's high-tech enterprises, indicating a robust entrepreneurial ecosystem [13][14] - The province's private enterprises accounted for 67.9% of the GDP and 65.4% of total investments, showcasing their critical role in the local economy [13][14] Group 3 - Hunan is implementing various measures to enhance its investment appeal, including optimizing the business environment and promoting a collaborative approach to attract investments [15][16] - The province aims to leverage its cost advantages, conduct precise industrial chain investments, and improve the "Hunan Investment" brand through innovative strategies [15][16] - Changsha will serve as a showcase for national cooperation, focusing on industrial empowerment, environmental optimization, and service quality to attract more enterprises and talent [15][16]

Core Insights - The 2025 Central Economic Work Conference outlined the achievements of the "14th Five-Year Plan" and provided a roadmap for the "15th Five-Year Plan," emphasizing the importance of the futures industry in supporting high-quality economic development [1][2] Group 1: Economic Development Direction - The conference established a general tone of "seeking progress while maintaining stability, improving quality and efficiency," highlighting the need for financial resources to focus on key areas such as technological innovation and green development [2] - The emphasis on "quality" as the core of development and "quantity" as the foundation indicates a shift towards enhancing effective quality while ensuring reasonable growth [2] - The eight key tasks for the upcoming year aim to support high-quality development, particularly through a dual strategy of "driving domestic demand" and "innovation-driven" initiatives [2] Group 2: Enhancing Service to the Real Economy - Futures companies are crucial in connecting the futures market with the real economy and must enhance their core competitiveness and service capabilities [3] - The focus is on upgrading service models to provide comprehensive solutions tailored to enterprises, including risk management strategies [3][4] - The implementation of the "insurance + futures" model has provided price risk protection for over 90,000 tons of agricultural products in Xinjiang, demonstrating the effectiveness of financial services in rural revitalization [4] Group 3: Professional Research and Collaboration - The futures market plays a vital role in the capital market's reform process by providing price discovery, risk management, and resource allocation functions [5] - Collaboration between futures research and securities research is essential for understanding corporate risks and providing effective solutions [6] Group 4: Commitment to Industry Development - The guidelines for enhancing regulation and risk prevention in the futures market lay a foundation for long-term industry development [7] - The company recognizes the need to improve its comprehensive operational capabilities and service depth, particularly for small and medium-sized enterprises [7] - Future initiatives will focus on deepening industry services, accelerating digital transformation, and enhancing talent development to better serve the real economy [7]

Core Viewpoint - The article discusses the key insights from the Central Economic Work Conference, emphasizing the "Five Musts" for economic work in the new context, focusing on high-quality development for the 14th Five-Year Plan period [2]. Group 1: Economic Potential - It is essential to fully tap into economic potential, characterized by a large margin for maneuvering, internal circulation, and self-reliance [3]. - There is a need to broaden perspectives and innovate strategies to expand consumption and investment, develop technology and industries, and promote urban-rural integration and regional coordinated development [4]. Group 2: Policy Support and Reform - The current economic development faces intertwined cyclical, structural, and institutional issues, requiring comprehensive measures that combine macroeconomic regulation to mitigate short-term fluctuations with timely and deep reforms to drive internal growth [4]. - The approach must balance "letting go" to eliminate institutional barriers to productivity while ensuring effective governance to maintain market order and enhance the role of the government in resource allocation [5]. Group 3: Investment Focus - Economic development aims for comprehensive human development and improved well-being, necessitating effective investment in both the real economy and human resources, fostering a synergy between material and human capital [6]. Group 4: Internal Strengthening - To address external challenges, there is a call for strengthening internal capabilities and resilience [6].

2025.12.17 本文字数：1384，阅读时长大约2分钟 作者 |一财评论员 在日前召开的中央经济工作会议上，习近平总书记强调：所有规划都要实事求是，追求实实在在、没有 水分的增长，推动高质量、可持续的发展；对于脱离实际急躁冒进、层层加码、乱铺摊子的，要严肃问 责。 应该看到，这些年驰而不息纠正形象工程、政绩工程，取得了很多成效，但尚未根治，有的地方还出现 了新变种。比如，有的地方开发区大而不当，有的地方展会论坛活动无序发展，还有"数字注水"、虚假 开工、"开票经济"等各种表现形式。 因此，追求实实在在、没有水分的增长是一项长期艰巨任务，尤其在高质量制定"十五五"规划及"十五 五"要取得良好开局的关键时期，更是如此。 过去唯GDP论英雄的理念造成了官出数字、数字出官的不良现象。有的地方在增长方面先设定指标，然 后一级压一级，压到最基层。如此而言，数字的真实性可想而知。 GDP早已不是对地方领导干部政绩考核的主要指标，当前考核更着重科学发展、高质量发展，但根深蒂 固的GDP情结仍然有着深刻影响，原因之一是这一指标更加直观、更加体现政绩。由此也就引发了"数 字注水"、虚假开工、"开票经济"等"变种"的产生。 ...

2025.12. 17 本文字数：1384，阅读时长大约2分钟 作者 | 一财评论员 在日前召开的中央经济工作会议上，习近平总书记强调：所有规划都要实事求是，追求实实在在、没 有水分的增长，推动高质量、可持续的发展；对于脱离实际急躁冒进、层层加码、乱铺摊子的，要严 肃问责。 应该看到，这些年驰而不息纠正形象工程、政绩工程，取得了很多成效，但尚未根治，有的地方还出 现了新变种。比如，有的地方开发区大而不当，有的地方展会论坛活动无序发展，还有"数字注水"、 虚假开工、"开票经济"等各种表现形式。 因此，追求实实在在、没有水分的增长是一项长期艰巨任务，尤其在高质量制定"十五五"规划及"十 五五"要取得良好开局的关键时期，更是如此。 增长中的"水分"包括很多方面，比如数字造假、以牺牲环境为代价制造得不偿失的病态增长、通过重 复建设追求表面光鲜的浪费型增长，以及通过新官不理旧账实现不负责任的增长等。 过去唯GDP论英雄的理念造成了官出数字、数字出官的不良现象。有的地方在增长方面先设定指 标，然后一级压一级，压到最基层。如此而言，数字的真实性可想而知。 GDP早已不是对地方领导干部政绩考核的主要指标，当前考核更着重科学发 ...