Core Viewpoint - The Chinese government plans to implement a more proactive fiscal policy in 2026, focusing on expanding fiscal expenditure and optimizing spending structures to support economic growth and ensure a strong start to the "14th Five-Year Plan" [1] Group 1: Fiscal Policy and Economic Growth - The government aims to enhance domestic demand and support the construction of a robust domestic market, with a strong emphasis on boosting consumption through various initiatives [1] - Plans include funding for consumer incentives, optimizing personal consumption loan interest subsidies, and promoting new consumption models [1][2] - There will be a continued focus on effective investment in key areas such as new productivity and comprehensive human development [1] Group 2: Infrastructure and Social Welfare - Fiscal funds will be directed towards infrastructure investments and social welfare to reduce consumer concerns and stimulate spending [2] - The issuance of long-term special government bonds is expected to support major national projects and increase investment demand [2] - There will be a shift in fiscal spending towards improving living standards and enhancing consumer confidence [2] Group 3: Technological and Industrial Innovation - The government plans to increase fiscal investment in technology and strengthen the role of enterprises in innovation [2] - Policies will be implemented to support the integration of technological and industrial innovation, including financial incentives for technology adoption and application [2] - The focus will be on developing a modern industrial system and promoting high-quality development in key manufacturing sectors [2] Group 4: Social Security and Regional Development - Strengthening social security and ensuring basic living standards will be a priority, with measures to increase residents' income through various channels [3] - The government will promote urban-rural integration and regional coordination, supporting rural revitalization and enhancing agricultural productivity [3] - Fiscal policies will be adjusted to facilitate public services that are portable and accessible, promoting coordinated development in major regions [3]

Group 1 - The article emphasizes the transformation of innovative achievements from laboratories to the market, highlighting the increasing importance of technological innovation in the economy throughout the year [1] - The Central Economic Work Conference has called for a focus on innovation-driven growth and the enhancement of financial services for technological innovation, indicating a clear direction for financial support [2] - There has been a significant increase in financial support for technology-driven SMEs, with a loan balance growth rate of over 20% year-on-year and technology loans accounting for nearly 30% of new loans [2] Group 2 - The article discusses the need for continuous optimization of financial services to improve loan rates for tech enterprises, advocating for a shift from traditional evaluation metrics to those that assess innovation capabilities and potential for technology transformation [3] - It suggests the promotion of an "innovation points system" to better evaluate tech companies and reduce information asymmetry, allowing financial institutions to create accurate profiles of these enterprises [3] - The article highlights the importance of capital markets in supporting tech enterprises, advocating for comprehensive reforms to enhance the service capabilities for the entire lifecycle of these companies [4] Group 3 - The implementation of the "merger and acquisition six guidelines" has led to a surge in M&A activities in the A-share market, particularly in the hard technology sector, although some M&A deals have been terminated, raising investor concerns [5] - The article stresses the need for a coordinated development of both the financing and investment sides, as well as the importance of a diversified and specialized wealth management industry [5] - It calls for the establishment of a regulatory framework that keeps pace with rapid financial innovation, enhancing monitoring and risk management capabilities to stabilize and invigorate the capital market [5]

欧洲《现代外交》网站刊文说，随着中国促进形成更多由内需主导、消费拉动、内生增长的经济发展模 式，预计2026年中国经济将在高科技、智能制造、绿色能源和服务消费等领域实现显著增长。 意大利克拉斯CNBC电视频道推出特别节目，聚焦中国"十五五"规划建议。意大利国际事务研究所副主 任格雷科在节目中表示，中国以系统化的顶层设计推动科技创新，提升关键领域的技术水平，体现了中 国在新一轮全球产业变革中的主动作为。中国产业政策与科技发展规划不仅有助于维护自身产业链的安 全与韧性，也为全球产业链供应链稳定注入新动力。 2025年，中国经济顶压前行、向新向优发展，新质生产力稳步发展，改革开放扎实推进，高质量发展取 得新成效。多家外媒刊发报道认为，在全球经济复苏曲折乏力的背景下，中国经济将以稳健的基本面、 强劲的创新驱动力、坚定的开放姿态，携手各国共同发展繁荣，为全球发展注入稀缺的确定性。 保持稳定增长态势，为全球产供链稳定发挥关键作用 近期，世界银行、国际货币基金组织、亚洲开发银行等国际组织，高盛、德银等国际投资机构分别上调 2025年中国经济增速预期。国际社会普遍认为中国经济稳中向好、长期向好，认为中国经济基础稳、优 势多、 ...

专题：2026年度投资策略|顶级基金公司、基金经理展望马年投资机会 过去十年，每年年底我都会发布第二年的十大预言。去年年底发布的2025年十大预言，现在回头来看， 基本上都得到了完美验证，包括美联储延续降息周期、美元指数回落，以及A股和港股走出牛市走势。 人民币也如我预期一样出现升值，现在已经突破7.05，而去年年底是7.4。 那么2026年会怎么走？今天我正式给大家发布2026年十大预言。如果说2025年十大预言和当时市场普遍 看法基本上是反着来的，那么2026年十大预言则是2025年的延续，因为2026年很多宏观条件没有太大变 化，市场表现也是对2025年开启的这轮慢牛、长牛行情的延续。 第一条，美联储延续降息周期，美元指数继续回落，美股逐步见顶回落。这是关于美国货币政策以及美 元、美股的判断。在美国经济增速放缓、通胀已经降下来的情况下，美联储将会继续降息，预计2026年 会降息两次，每次仍是25个基点，这样美国联邦基金利率将降到3%–3.25%。随着美联储降息以及美国 经济增速放缓，美元指数会继续回落。美股经过十几年上涨，估值已处于历史高位，而这轮美股科技牛 行情也逐步呈现出明显泡沫化，关于AI泡沫的讨 ...

发展新质生产力是推动高质量发展的内在要求和重要着力点。习近平总书记指出，"新质生产力是 创新起主导作用，摆脱传统经济增长方式、生产力发展路径，具有高科技、高效能、高质量特征，符合 新发展理念的先进生产力质态""新质生产力的显著特点是创新，既包括技术和业态模式层面的创新，也 包括管理和制度层面的创新"。一系列重要论述深刻回答了"什么是新质生产力、如何发展新质生产 力"这一重大课题。面向"十五五"时期，必须做好创新这篇大文章，培育壮大新质生产力。 创新是一个国家、一个民族发展进步的不竭动力。经过改革开放40多年的发展，我国成为世界第二 大经济体、第一大工业国、第一大货物贸易国，经济由高速增长阶段转向高质量发展阶段。同时，经济 发展中老问题、新挑战仍然不少，外部环境变化影响加深，国内供强需弱矛盾突出。积极应对挑战、加 紧培育经济发展新动能，必须坚持创新驱动，始终把科技创新摆在国家发展全局的核心位置，推动科技 创新和产业创新深度融合，以制度创新保障各领域创新，因地制宜发展新质生产力。 第一，科技创新是发展新质生产力的核心要素。科学创新以基础研究和应用研究创造知识和理论； 技术创新以新知识、新发明创造新产品和新服务、开 ...

Core Viewpoint - The event organized by Qixia District emphasizes the importance of collaboration between educational institutions and local governments to stimulate technological innovation and development [1] Group 1: Event Overview - Qixia District held a four-level CPPCC member joint inspection activity focused on promoting the integration of schools and local development [1] - The Nanjing Municipal CPPCC acknowledged the achievements made by Qixia District in the practice of school-local integration [1] Group 2: Roles and Contributions - The Qixia District government is recognized as a "genuine partner" in innovation for local universities, showcasing a commitment to collaboration [1] - The four-level CPPCC members will continue to leverage their unique advantages in intelligence, connections, and channels to act as promoters and advisors for school-local integration [1] Group 3: Future Focus - The Qixia District CPPCC plans to play a significant role as a specialized consultation body, focusing on the ongoing development of school-local integration [1] - There will be an emphasis on conducting in-depth research and providing precise recommendations in key areas of school-local integration to contribute to the development of the Yangtze River Delta's industrial and technological innovation [1]

Core Viewpoint - The event "Paper Wings Soaring: Dream Building National Defense" highlights the integration of technology exploration and national defense education through a paper airplane competition and a photography exhibition showcasing national defense equipment [1] Group 1: Event Overview - The competition took place on December 27 at Nanjing Foreign Language School Hexi Junior High, involving 323 students and 23 teachers from 30 primary and secondary schools in the district [1] - The event featured a theme lecture by Professor Zhang Bo from the National University of Defense Technology, focusing on the development of domestic military aircraft [1] Group 2: Educational Impact - The event aims to inspire students' dreams of serving the country through aviation, coinciding with the 76th anniversary of the Air Force [1] - Teachers also participated in the competition, fostering a collaborative learning environment that enhances the integration of technology and national defense education [1] Group 3: Competition Highlights - Participants demonstrated engineering skills by accurately folding paper airplanes, with notable performances such as a student achieving a flight distance of 18.6 meters [1] - The competition included a special category for teachers, emphasizing the importance of mindset and stability during the event [1]

众多国际媒体在年终报道中，聚焦于中国的科技创新力。新华社记者借助大数据工具，梳理了世界各地 百余家媒体近期逾1.5万篇涉及中国的报道。结果显示，"人工智能""技术"等成为这些报道中的高频 词。 多篇报道提到，随着科创成果密集涌现，中国在全球创新指数的排名从2012年的第34位升至2025年的第 10位。 美国《科学》杂志把"全球可再生能源增长势不可当"列为2025年度十大科学突破之首时，特别指出中国 引领着这一重大转型，"中国如今已成为全球可再生能源技术和生产中的主导力量"，"中国蓬勃发展的 绿色技术出口也正在改变世界其他地区"。 转自：贵州日报 2025年，中国以昂扬奋进之姿于时代浪潮中笃定前行。 "生活在明天""经济活力势不可当""最具雄心的现代化实践场""为建设更美好世界铺就新路径"……外媒 在年终年末报道回顾这一年的潮起潮涌时，纷纷赞叹一个可信、可爱、可敬的中国。 "生活在明天" 谁能想到，在村头土路上主动停下的，是正在配送包裹的无人驾驶卡车？谁又能想到，它停下的原因是 为给13头"横穿马路"的水牛让道？美国《纽约时报》驻华记者基思·布拉德舍在他的年末报道中，描述 了他在中国乡村见到的这奇妙一幕。 从 ...

发展新质生产力是推动高质量发展的内在要求和重要着力点。习近平总书记指出，"新质生产力是创新 起主导作用，摆脱传统经济增长方式、生产力发展路径，具有高科技、高效能、高质量特征，符合新发 展理念的先进生产力质态""新质生产力的显著特点是创新，既包括技术和业态模式层面的创新，也包括 管理和制度层面的创新"。一系列重要论述深刻回答了"什么是新质生产力、如何发展新质生产力"这一 重大课题。面向"十五五"时期，必须做好创新这篇大文章，培育壮大新质生产力。 第一，科技创新是发展新质生产力的核心要素。科学创新以基础研究和应用研究创造知识和理论；技术 创新以新知识、新发明创造新产品和新服务、开拓新市场。推动科技创新，既要聚焦"从0到1"的突破， 加强基础研究和应用研究，又要实现"从1到N"的发展，加强技术开发和成果转化。发展新质生产力， 必须凸显科技创新的战略先导地位和根本支撑作用，加强对基础研究的支持、促进民营企业健康发展、 优化人才培养体系。基础研究是科技创新的源泉，加强基础研究是实现高水平科技自立自强的迫切要 求。基础研究难度大、花费高、周期长，离不开长期稳定支持，需在加快一流大学和一流学科建设、引 导和支持企业加大基础 ...

Group 1 - The Jiangmen neutrino experiment officially began data collection in August 2025, becoming the world's first large-scale, high-precision neutrino facility [2][7] - China's manned space program has successfully completed multiple missions, including emergency launches, marking significant milestones in the development of the Chinese space station [3][7] - The "Chang'e 6" mission returned 1935.3 grams of lunar soil from the moon's far side, contributing to ongoing research that enhances understanding of lunar geology [4][8] Group 2 - The National Space Administration's action plan for commercial space development outlines 22 key initiatives to promote high-quality growth in the commercial space sector [5] - The "DeepSeek" AI model has transformed search habits, indicating a significant shift in how people interact with technology [9][12] - The introduction of the revised National Natural Science Foundation regulations encourages collaboration between government, enterprises, and organizations to foster innovation [14][15] Group 3 - The "Youth Science and Technology Talent Cultivation Project" aims to support the development of young scientists, emphasizing the importance of nurturing talent for future innovation [18][20] - The "Deep Time Digital Earth" international scientific plan, initiated by China, aims to enhance global geological knowledge through international collaboration [23][24] - The ITER project, a major international nuclear fusion initiative, has seen significant progress with China's successful development of a critical component [24][26]