推进城乡融合发展是破解新时代社会主要矛盾、解决发展不平衡不充分问题的有力抓手，也是习近平经 济思想的重要内容。城乡关系是贯穿于现代化发展全过程的基本关系，城乡空间是构成现代化建设的两 个主要空间载体，城乡两大社会系统的互动以及功能互补推动现代化建设不断向前迈进。习近平总书记 强调："在现代化进程中，如何处理好工农关系、城乡关系，在一定程度上决定着现代化的成败。"伴随 经济社会快速发展，我国城乡关系深刻调整、加速重构，逐步从分治走向融合。实践表明，推动城乡融 合发展体现城乡关系深度演进的规律性特征，是破除城乡二元结构、推动高质量发展、实现全体人民共 同富裕的重大举措，也是推进中国式现代化的必然要求。 还要看到，畅通工农城乡循环，是畅通国内经济大循环、增强我国经济发展韧性和战略纵深的重要一 环。只有实现了城乡、区域协调发展，国内大循环的空间才能更广阔、成色才能更足。我国幅员辽阔、 人口众多，大部分国土面积在农村，近5亿人口生活在农村。乡村是巨大的消费市场、要素市场，几亿 农民整体迈入现代化，会释放巨大的创造动能和消费潜能，为经济社会发展注入强大动力。建设全国统 一大市场，构建新发展格局，实现高质量发展，都必须统筹 ...

Group 1 - The core viewpoint emphasizes the importance of developing new quality productivity as an intrinsic requirement and key focus for promoting high-quality development, as outlined in the "14th Five-Year Plan" [1] - New quality productivity is characterized by innovation, high technology, high efficiency, and high quality, which directly impacts the quality and efficiency of economic and social development [1][2] - Achieving significant breakthroughs in new quality productivity is crucial for enhancing total factor productivity, an important indicator of a country's economic development quality [1][2] Group 2 - The article highlights that the current new round of technological revolution and industrial transformation is a critical opportunity for countries to gain competitive advantages, with major powers like the U.S. and Germany focusing on mastering key disruptive technologies [2] - The development of new quality productivity is essential for ensuring decisive progress towards achieving socialist modernization in China, emphasizing the need for quality and efficiency in economic growth [2] Group 3 - China possesses favorable conditions for achieving breakthroughs in new quality productivity, including a large pool of high-quality labor and entrepreneurial talent, which are vital for enhancing competitiveness [3] - The country has a complete industrial system that supports significant technological innovation, as evidenced by its leading position in global manufacturing value added and production of major industrial products [4] Group 4 - China's vast market size and stable operation provide fertile ground for the development of new quality productivity, with a population of over 1.4 billion and a significant middle-income group driving consumption [5] - The ongoing construction of a unified national market is expected to facilitate the smooth flow of advanced production factors, promoting the innovative allocation of resources and deep industrial transformation [5] Group 5 - The article stresses that only countries with strong and sustained innovation capabilities can truly master competitive and developmental initiatives, highlighting the need for deep integration of technological and industrial innovation [6] - It outlines four key focuses for development: achieving high-level technological self-reliance, fostering strategic emerging industries, integrating technological and industrial innovation, and promoting institutional innovation to adapt to new quality productivity [6][7]

2025年，贵州茅台秉持"顺天敬人、明理厚德"的企业价值观，在质量管控、文化传播、市场营销、社会 责任四大维度持续深耕笃行，以扎实厚重的实践推动品牌高质量发展，深刻诠释民族品牌的时代担当与 使命情怀。 质量管控 坚持"质量优先"，筑牢品质基石 对茅台而言，品质从来不是一句口号，而是融入发展脉络的坚守与追求。 茅台酒酿制技艺作为首批国家级非物质文化遗产，是茅台核心竞争力的重要构成。多年来，茅台始终坚 守"质量是生命之魂"，传承好"天人共酿"的传统工艺，弘扬好"敬业、精业、乐业"的企业文化，守护好 绵延千年的文化根脉，致力于让茅台酒永不变味。 在传承传统工艺的同时，茅台从未停止探索创新的脚步，在传承与创新的平衡中增强工艺竞争力，不断 升级生产技术，优化环保工艺，坚持以科技创新赋能产业转型，用现代技术解析酿造原理、优化酿造工 艺，探索数智化、绿色化转型新路径，筑牢品质基石，塑造茅台新优势。 文化传播 打造IP矩阵，讲好白酒故事 文化是茅台的精神内核。2025年，茅台通过一系列特色文化活动，让白酒文化与现代表达深度融合，持 续打造"文化茅台"。 2025年，茅台"文化出海"的步伐更加坚实有力。从亮相达沃斯论坛等国际大 ...

Group 1 - The core viewpoint of the article highlights significant changes in leadership within public fund companies, with over 50 companies experiencing changes in chairpersons or general managers this year, representing about 30% of the total public fund companies [1] - A total of 36 public fund companies have welcomed new chairpersons and 29 have appointed new general managers, with some companies experiencing changes in both positions [2] - Major public fund companies such as E Fund, China Merchants Fund, Bosera Fund, and Xingsheng Global Fund have undergone leadership changes, indicating a trend among larger firms [2] Group 2 - The new leaders in public fund companies come from diverse backgrounds, with some having long tenures in specific institutions while others possess cross-institutional experience [3] - For instance, E Fund's general manager has been involved since the company's inception, while China Merchants Fund's chairperson has over 28 years of experience at China Merchants Bank [3] - The industry recognizes that both specialized and cross-disciplinary backgrounds can bring unique advantages to the companies [3] Group 3 - The common direction for many public fund companies following leadership changes is a focus on "high-quality development," with varying strategies to achieve this goal [4] - Companies are emphasizing the development of index investments, diversification of asset allocation, and the establishment of platform-based research and investment [4] - Specific strategies include Bosera Fund's focus on coordinating development across various investment types and channels, while China Merchants Fund aims to enhance multi-asset allocation and create a new ecosystem for high-quality development [4]

◎新华社北京12月10日电 党的二十届四中全会审议通过的《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》， 为"十五五"时期我国经济社会发展擘画了宏伟蓝图。 截至12月上旬，围绕《建议》提出的主要目标和战略任务，先后已有20余个省份审议通过了地方"十五 五"规划建议，其中大多省份对外公布了地方"十五五"规划建议。 新的历史征程即将开启。在以习近平同志为核心的党中央坚强领导下，各省份深入贯彻落实党的二十届 四中全会精神，更好发挥国家发展规划的战略导向作用，紧密结合自身发展实际，作出新一轮战略部 署，为"十五五"乃至未来更长时期高质量发展打下坚实基础、开创崭新局面。 锚定长远目标，凝心聚力谋篇未来发展 11月14日，浙江杭州，《中共浙江省委关于制定浙江省国民经济和社会发展第十五个五年规划的建议》 审议通过。 作为最早一批出台的地方"十五五"规划建议，这份文件提出"到2030年，我省经济实力、科技实力、综 合竞争力大幅跃升，人均地区生产总值接近发达经济体水平"，经济大省浙江在谋划未来五年发展上迈 出关键一步。 在国家发展大局中找准定位，在新起点新征程担当作为。 广东提出"'百县千镇万村高质量发展工程'取 ...

Economic Performance - Shanghai's GDP achieved a remarkable growth of 5.5% in the first three quarters, demonstrating strong resilience despite a complex external environment [1] - The annual growth rate may face some downward pressure due to the high growth base from the previous year's fourth quarter [1] Foreign Trade - Shanghai's foreign trade import and export total increased by 5.2% year-on-year from January to October, with exports rising by 10.5% [2] - Exports to non-US markets grew by 16.3%, indicating strong market competitiveness and expansion capabilities of Chinese and Shanghai enterprises [2] Transportation and Financial Markets - Airport passenger throughput increased by 8.2% due to holiday travel, while waterway and road freight turnover rose by 3.7% and 2.1% respectively [2] - The financial sector saw a total transaction volume of 29.678 trillion yuan in the first three quarters, a year-on-year increase of 12.7% [2] Industrial Transformation - The transformation of Shanghai's economic structure accelerated, with the three leading industries' manufacturing output growing by 7.6% from January to October [3] - The output of integrated circuits and artificial intelligence increased by 10.9% and 11.1% respectively, showcasing the growth of new productive forces [3][4] Consumer and Investment Trends - Retail sales of consumer goods in Shanghai rose by 4.8% year-on-year, surpassing the national average for the first time [5] - Fixed asset investment increased by 5.8% year-on-year, with significant investments in urban renewal projects [5] Employment and Income - Employment remained stable, and the overall price level was steady, with a reduction in the income gap between urban and rural residents [6]

Economic Growth - Jiangsu's GDP is projected to exceed 14 trillion yuan in 2024, with a continuous increase from over 11 trillion in 2021 and over 12 trillion in 2022, showcasing strong economic resilience and growth potential [1] - The province's per capita GDP is expected to reach 22,600 USD in 2024, with labor productivity increasing from 213,000 yuan per person in 2020 to 284,000 yuan per person in 2024, indicating a focus on quality alongside scale [2] Domestic Demand - The total retail sales of consumer goods in Jiangsu are anticipated to rise from 3.63 trillion yuan in 2020 to 4.49 trillion yuan in 2024, reflecting a robust internal demand strategy [2] - Over 12,000 "Su New Consumption" promotional events have been held, distributing approximately 2.54 billion yuan in consumption vouchers and digital currency, which has significantly boosted domestic consumption [2] Innovation and Industry Upgrade - Jiangsu ranks second nationally in regional innovation capability, with significant R&D investment and breakthroughs in basic research, particularly in strategic emerging industries like new energy and high-end equipment [4][5] - The province has established a comprehensive industrial system with 16 advanced manufacturing clusters and 50 key industrial chains, leading to a strong global competitive position in various sectors [5] Manufacturing Sector - Jiangsu's manufacturing quality development index has ranked first nationally for five consecutive years, with a focus on digital transformation and smart manufacturing [5] - The province's strategic emerging industries have seen an average annual growth of 8% over the past five years, with sectors like biomedicine and integrated circuits leading nationally [5] Social Welfare and Common Prosperity - Jiangsu has made strides in reducing the urban-rural income gap to 2.04:1, with urban employment growth exceeding 10% nationally [6] - The province has implemented various social welfare projects, including a comprehensive elderly care system and high enrollment rates in education, enhancing the overall quality of life for residents [6] Future Outlook - Jiangsu aims to continue leading in high-quality development by focusing on technological and industrial innovation, deep reforms, and promoting common prosperity as part of its long-term strategy [7]

Group 1 - The 2025 Shanghai Stock Exchange (Chao Hu) High-Quality Development Conference was held in Hefei, Anhui, focusing on "Capital Empowering Science and Technology Innovation, Industry Leading the Future," with over 1,200 attendees from various sectors [1][11] - The conference highlighted the role of excellent listed companies as growth "ballast stones" and "leaders" in driving industrial upgrades and fostering new productive forces in China's economy [3][11] - The "2024-2025 Listed Company High-Quality Development Report" was released, outlining five dimensions for the development of listed companies amid complex environments [6][13] Group 2 - Jiufang Zhitu Holdings (9636.HK) was awarded the "Value Growth Enterprise" award at the conference, recognizing its outstanding performance in the capital market [3][11] - The award reflects the comprehensive recognition of Jiufang Zhitu's operational development, technological innovation capabilities, and social impact by the capital market and industry associations [7][13] - The company emphasizes investor protection and aims to enhance the evaluation system centered on investor returns, aligning with the recent focus on personal investor rights in the capital market [14] Group 3 - Jiufang Zhitu Holdings is committed to providing personalized investment decision support through professional advisory services and educational content, focusing on a customer-centric approach [14][15] - The company is enhancing its product offerings, including the "Stock Navigation" series and "Super Investor" VIP products, aimed at helping individual investors establish investment systems [15] - Future product launches include "Star Service" and "Decision Master," which will utilize quantitative strategies and provide structured investment analysis frameworks [15][16] Group 4 - Jiufang Zhitu Holdings plans to strengthen its core competitiveness through AI technology, overseas expansion, product enhancement, and collaboration with brokerage firms [9][16] - The company aims to simplify investment and financial management while enhancing the overall customer experience [9][16] - The recent award is seen as both an honor and a new starting point for Jiufang Zhitu, which will continue to focus on governance, compliance, and technological investment to contribute positively to the capital market ecosystem [16]

Core Viewpoint - "Investment in people" is a crucial aspect of China's development strategy, emphasizing the allocation of resources towards education, healthcare, and social welfare to enhance human capital and drive high-quality economic growth [1][3][11]. Summary by Sections Investment in People vs. Investment in Material - "Investment in people" refers to directing more fiscal resources towards areas that enhance individual capabilities and welfare, contrasting with "investment in material," which focuses on physical assets and infrastructure [1][2]. - The return on "investment in material" has significantly decreased from 2008 to 2023, indicating a need for a shift towards human-centered investments [2][3]. Economic Growth and Domestic Demand - China's domestic consumption accounts for approximately 39% of GDP, while capital formation is around 41%, highlighting a need for improved interaction between consumption and investment [4][5]. - "Investment in people" aims to address the mismatch in domestic supply and demand, enhancing the quality of life and driving economic growth [5][6]. Areas of Focus for Investment in People - Key areas for "investment in people" include education, healthcare, cultural services, and environmental improvements, which are essential for enhancing overall human development [7][8]. - The shift towards "investment in people" also encompasses the need for a modern industrial system and technological self-reliance to support high-quality development [8][11]. Measuring Investment Effectiveness - Unlike "investment in material," which has clear metrics for evaluation, the effectiveness of "investment in people" requires a broader, more qualitative assessment that considers social and economic dimensions [9][10]. - A comprehensive evaluation framework is necessary to assess the long-term impacts of "investment in people" on societal development [10][12]. Unique Characteristics of China's Investment in People - China's approach to "investment in people" transcends mere welfare considerations, focusing on enhancing human capabilities and addressing systemic issues in various sectors [11][12]. - The emphasis on human-centered development reflects a commitment to improving both material and spiritual well-being, distinguishing China's strategy from other countries [12][13]. Long-term Considerations and Implementation - "Investment in people" should be integrated into the broader context of China's modernization efforts, addressing both immediate challenges and long-term goals [14][15]. - Effective implementation requires a balance between market forces and government intervention to foster a conducive environment for human development [16].

Group 1 - The core viewpoint emphasizes that safety is the premise of development, and development is the guarantee of safety, highlighting the importance of balancing both aspects for China's economic stability and growth [4][7]. - The construction of the Tarim Basin 750 kV power transmission and transformation project enhances energy security, marking a significant achievement in China's energy infrastructure [6]. - The agricultural sector shows promising results with summer grain production reaching 299.48 billion jin, and early rice production increasing by 680 million jin, indicating a stable food supply [9]. Group 2 - The focus on enhancing the resilience of industrial and supply chains is crucial for economic stability, with high-tech manufacturing value added increasing by 9.6% year-on-year [13]. - Major infrastructure projects are being supported by significant financial measures, including an 800 billion yuan special bond issuance to bolster construction efforts [15]. - The real estate market is stabilizing, with new housing sales area and sales value declines narrowing by 9% and 11.3% respectively compared to the previous year [20]. Group 3 - Financial stability is prioritized, with measures taken to address risks in small and medium-sized financial institutions, including the establishment of a new bank to enhance risk resilience [22]. - Local government debt risks are being effectively mitigated through a series of initiatives, including a 2 trillion yuan debt limit replacement to alleviate repayment pressures [23][24]. - The importance of proactive strategies in risk management is emphasized, with a focus on maintaining economic and social resilience [25]. Group 4 - The integration of development and safety is highlighted as a key principle for economic and social development, with strategic deployments aimed at ensuring both aspects are addressed [26]. - The establishment of a unified national electricity market is a significant step towards breaking regional barriers and enhancing energy distribution efficiency [29]. - The launch of a new generation of ultra-high-speed oscilloscopes signifies advancements in China's semiconductor and communication technology sectors, providing a strong foundation for future developments [31].