Core Viewpoint - The Ministry of Ecology and Environment has released a draft for stricter air quality standards, raising concentration limits for PM2.5, PM10, SO2, and NO2, which may impact economic and social development, but past experiences suggest that stricter standards can improve air quality and promote high-quality economic growth [1][2]. Group 1: Air Quality Improvement - The revision of air quality standards has significantly improved national air quality, with a 36% decrease in average PM2.5 concentration and a 68% reduction in heavy pollution days over the past decade, while GDP increased by 63% and the number of vehicles rose by 111% [1]. - The implementation of stricter air quality standards has led to four strategic shifts in air pollution control: from total pollutant emission control to air quality improvement, from single pollutant control to multi-pollutant coordination, from industrial source control to comprehensive management of various pollution sources, and from local pollution control to regional joint prevention and control [2]. Group 2: Economic and Social Development - The revised standards are expected to have a limited direct impact on production activities, as air quality standards focus on goal orientation and strategic guidance rather than strict emission limits [2]. - The process of achieving air quality standards is gradual, with supporting policies, funding, and technologies being implemented progressively to ensure a smooth transition without disrupting economic stability [2]. - Long-term benefits of stricter standards include further reductions in PM2.5 levels, improved public health outcomes, and the promotion of new production capacities in sectors like electric vehicles and clean energy, facilitating a green and low-carbon transition in industries [3].

市场监管总局：2026年推动完成1800余项传统产业标准制修订 中新网12月26日电(记者 谢艺观)"市场监管总局聚焦优化提升传统产业、促进服务业优质高效发展、大 力提振消费等重点发力，正在布局开展一批新的专项行动，不断健全国家标准体系，更好以标准升级促 进经济高质量发展。"市场监管总局标准技术司司长刘洪生26日在新闻发布会上表示。 来源：中国新闻网 编辑：熊思怡 广告等商务合作，请点击这里 国家市场监管总局新闻发布会现场。 谢艺观 摄 据刘洪生介绍，2026年主要从四个方面开展工作：一是持续推动传统产业标准更新。围绕石化、机械、 轻工、钢铁、有色、建材、纺织、船舶、汽车、电力等十大传统产业高质量发展需求，坚持智能化、绿 色化、融合化方向，推动完成1800余项标准制修订，助力产业转型发展。 二是加快推进消费品标准升级。聚焦消费者对安全、质量、绿色、智能、健康等方面的新需求，研究制 定加快推进消费品国家标准升级工作方案，着力构建与高质量发展相适应的新型消费品标准体系，为增 加消费品供需适配性、激发消费潜力提供坚实支撑。 三是加强服务标准建设。研究出台加强服务标准建设指导意见，围绕生产性服务业、生活性服务业和公 ...

Core Viewpoint - The recent revision of the air quality standards by the Ministry of Ecology and Environment aims to tighten the concentration limits for pollutants such as PM2.5, PM10, SO2, and NO2, which is expected to positively impact economic development and public health despite concerns about potential negative effects on economic growth [1][2]. Group 1: Impact on Air Quality and Economy - The revision of air quality standards has historically led to significant improvements in air quality, with a 36% decrease in average PM2.5 concentration and a 68% reduction in heavy pollution days over the past decade, while GDP increased by 63% and vehicle ownership rose by 111% [1]. - The implementation of stricter air quality standards has facilitated a strategic shift in pollution control, moving from total emissions control to a focus on air quality improvement, and from single pollutant management to multi-pollutant coordination [1][2]. Group 2: Implementation and Long-term Benefits - The revised standards will be implemented in phases to minimize the impact on economic and social stability, allowing for a gradual transition to meet the new requirements [2]. - Long-term benefits of stricter standards include further reductions in PM2.5 levels, improved public health outcomes by decreasing the incidence of cardiovascular and respiratory diseases, and the promotion of green technologies in industries such as new energy vehicles and clean energy [2].

24日，记者在从税费数据看西藏经济高质量发展亮点新闻发布会上获悉，今年以来，西藏税务部门坚定 扛牢主责主业，履职尽责、合力攻坚，1—11月份全区税务部门征收税费收入超过806亿元，同比增长 11.1%，收入增长的稳定性与可持续性显著增强，全区经济运行延续稳中有进、长期向好的基本态势。 受益于全区经济稳中有进的良好态势和营商环境持续优化的政策红利，西藏经营主体数量快速增长、发 展质量稳步提升。1—11月份全区涉税经营主体超过39万户，同比增长20%。新增涉税经营主体超过7万 户，同比增长77.1%。 与此同时，今年我区旅游产业持续复苏，带动效应显著增强。前三季度，全区接待海内外游客6370.73 万人次，同比增长11.2%，旅游市场复苏势头强劲。 在提升执法公信力、创新执法方式上，我区税务部门始终坚持"法理相融、宽严相济"的执法理念，全面 落地行政执法"三项制度"，让执法全程阳光透明。今年前三季度，全区税务系统已在执法信息公示平台 公示信息9000余条，累计完成50余件重大执法决定法制审核，从源头防范执法风险。 同时，聚焦群众反映强烈的高风险重点领域、重点行业、重点人群的税收违法行为实施专项打击，持续 保持打击 ...

智通财经APP获悉，中国人民银行货币政策委员会2025年第四季度(总第111次)例会于12月18日召开。会 议研究了下阶段货币政策主要思路，建议发挥增量政策和存量政策集成效应，综合运用多种工具，加强 货币政策调控，根据国内外经济金融形势和金融市场运行情况，把握好政策实施的力度、节奏和时机。 保持流动性充裕，使社会融资规模、货币供应量增长同经济增长、价格总水平预期目标相匹配，促进社 会综合融资成本低位运行。强化央行政策利率引导，完善市场化利率形成传导机制，发挥市场利率定价 自律机制作用，加强利率政策执行和监督。从宏观审慎的角度观察、评估债市运行情况，关注长期收益 率的变化。畅通货币政策传导机制，提高资金使用效率。增强外汇市场韧性，稳定市场预期，防范汇率 超调风险，保持人民币汇率在合理均衡水平上的基本稳定。 中国人民银行货币政策委员会召开2025年第四季度例会 会议指出，要引导大型银行发挥金融服务实体经济主力军作用，推动中小银行聚焦主责主业，增强银行 资本实力，共同维护金融市场的稳定发展。有效落实好各类结构性货币政策工具，扎实做好金融"五篇 大文章"，加强对扩大内需、科技创新、中小微企业等重点领域的金融支持。用好 ...

Core Viewpoint - The article discusses the phenomenon of "involution" in the Chinese economy, highlighting its causes, impacts, and policy responses, emphasizing the need for structural reforms to enhance economic quality and stability [3][5][6]. Group 1: Causes and Impacts of Involution - The current "involution" is characterized by long-term negative growth in the Producer Price Index (PPI) and low capacity utilization rates in mid- and downstream industries, which squeeze corporate profits and hinder industrial upgrades [3][5]. - The deep-rooted causes of this "involution" include the differentiation of old and new economic drivers during the economic transition period and the chaotic competition among local governments pursuing GDP and fiscal revenue [5][6]. - The "involution" phenomenon has created a spiral contraction cycle of "price-income-consumption," severely restricting healthy economic development and transformation [5][6]. Group 2: Policy Responses and Recommendations - To address the "involution," policies should focus on both supply and demand sides, combining growth stabilization with reform promotion, which benefits both the present and the long term [6][11]. - Supply-side measures include production adjustment, elimination of backward production capacity, and improving product quality to restore prices and enhance competitiveness [6][11]. - Demand-side strategies should promote resident service consumption through fiscal subsidies and social security improvements to unleash consumption potential, while guiding employment from manufacturing to services [6][11]. Group 3: Evolution of Anti-Involution Policies - Since mid-2024, high-level meetings have consistently addressed the need to combat "involutionary" competition, with significant policy decisions made to regulate local government and corporate behaviors [7][8]. - The 2025 government work report outlined specific actions to establish a unified national market and comprehensively address "involutionary" competition [8][11]. - The current anti-involution policies are characterized by a higher stance, broader coverage, and stronger synergy compared to previous supply-side reforms, with a focus on both local governments and enterprises [11][12]. Group 4: Macroeconomic Context and Industry Characteristics - The macroeconomic environment is under pressure from continuously declining prices, with the PPI experiencing negative growth for 33 consecutive months, and industrial capacity utilization rates at historical lows [14][16]. - The profitability of industrial enterprises is under significant pressure, with many industries, particularly in the mid- and downstream sectors, experiencing negative profit growth [16][19]. - The "involution" is more pronounced in mid- and downstream industries, where the competition has intensified, leading to a decline in profitability and increased cost pressures [19][21]. Group 5: Structural Issues and Future Directions - The article emphasizes the need for structural reforms to break the cycle of "price-income-consumption" contraction, advocating for a shift from an investment-driven to an innovation-driven economy [20][42]. - The service sector is identified as a key area for absorbing employment and addressing structural unemployment, with significant potential for growth in service consumption [42][43]. - Policies should focus on enhancing service sector development, improving social security systems, and optimizing service industry regulations to stimulate demand and support economic transformation [37][42].

（原标题：跨国公司在广东：一流营商环境"不见外"） 南方财经记者程浩 广州报道 近年来，尽管全球经济面临诸多不确定性，但跨国化工巨头埃克森美孚却在中国市场动作频频，投资不 断加码。从投资百亿美元级的惠州乙烯项目，到新建大湾区研发中心，埃克森美孚正是看到了广东良好 的发展基础和广阔的发展前景。 作为全球制造业体系最完备的大省，广东拥有全部31个制造业大类，约160种工业产品产量居全国第 一，已形成9大万亿产业集群。2024年，广东工业、制造业增加值分别达到4.76万亿元、4.32万亿元，分 别占全国1/9、1/8左右，连续多年位居全国前列。 广东拥有完善的产业链、供应链和庞大的消费市场，已成为吸引外资企业的投资沃土，从"引进 来"到"扎下根"，外资巨头为广东营商环境投下重要一票，埃克森美孚、巴斯夫等多个百亿美元级外资 大项目相继落户。 12月4日，世界500强、全球生态转型领军企业法国威立雅集团与科学城集团签署合作协议，双方将在广 州开发区共同打造创新的工业烟气捕集与资源化利用零碳项目，预计每年可减少碳排放约20万吨。 当天，全球医疗巨头万益特与广州开发区、黄埔区也签署合作协议，落地自动化腹膜透析设备生产基地 ...

2025年，俄罗斯经济在经历高速增长后有所降温，超出预期的预算支出支撑了经济增长。同时，严 格的货币政策有效抑制了通货膨胀，经济软着陆态势符合官方预期。2026年，俄经济总量将保持一定增 速，并开启更深层次的经济结构改革。 俄经济在2025年进入"可控降温期"，逐步回归均衡增长轨道。继2024年俄国内生产总值(GDP)创下 12年来最高水平的4.3%后，2025年俄GDP增速将有所回落，预计降至1%左右。据俄罗斯媒体报道，最 新宏观经济数据和分析师预测显示，受生产增长乏力、消费放缓，以及关键部门对经济增长的贡献下降 等因素影响，2025年俄最终GDP增速可能低于俄罗斯经济发展部的预期，俄经济或将步入低速增长期。 俄罗斯联邦统计局数据也印证了这一趋势：经季节性调整后，2025年一季度，俄GDP环比出现萎 缩，二季度和三季度则实现小幅正增长。对此，相关分析师相继下调对俄2025年GDP增长的预期。俄罗 斯科学院经济预测研究所预计，2025年俄经济增速将达到0.7%。该机构指出，下调预期主要因为今年1 月至9月产出停滞以及几乎所有国内需求组成部分表现疲软。同时，有商业银行分析师基于经济软着陆 趋势，预计本年度俄GD ...

"省委对明年全省经济工作的安排，坚决贯彻落实党中央、国务院关于经济工作的决策部署，紧密结合 河南实际，坚定不移推动高质量发展高效能治理，充分体现了昂扬奋进、务实作为的责任担当。"中国 人民银行河南省分行有关负责人表示，将坚决贯彻落实会议部署安排，聚焦"两高四着力"，精准有力落 实好适度宽松货币政策，优化结构性货币政策工具运用，统筹推进金融"五篇大文章"走深走实。加大对 扩大内需、科技创新、中小微企业等重点领域支持力度。积极配合推进重点领域金融风险防范化解。以 更高站位、更实举措将党中央、国务院重大决策部署和省委、省政府及总行有关工作安排落到实处，为 持续巩固拓展经济稳中向好态势、实现"十五五"良好开局贡献更多金融力量。 "此次会议的召开，为全省经济高质量发展擘画了蓝图、明确了路径，令人备受鼓舞。"省农业科学院党 委委员、副院长韩启忠表示，会议对农业发展的部署精准有力，凸显了农业作为经济社会发展压舱石的 重要作用，为农业科研工作指明了方向。全院科研人员将深入学习贯彻会议精神，锚定粮食安全、乡村 振兴等核心任务，聚焦农业新质生产力培育，在生物育种、特色产业提质等关键领域强化技术攻关。同 时，加速科研成果转化落地， ...

中国式现代化，民生为大。近期召开的中央经济工作会议明确提出，必须坚持投资于物和投资于人紧密 结合。从物到人，从短期扩产能到长期打基础，系列部署背后彰显了新的发展阶段投资理念的升华。 随着侧重"投资于物"的模式投资效益边际递减，把投资于物和投资于人相结合，既是满足人全面发展的 需要，亦是充分挖掘投资潜力、进一步推动经济高质量发展的战略共识。 共识如何转变为行动？锚定方向至关重要。中央财办有关负责同志日前解读中央经济工作会议精神时强 调，作为各项投资的重要资金来源方——政府债券资金要"更加注重惠民生、扩内需、增后劲"，将惠民 生视为推动增长的新动力。 前11个月，固定资产投资同比下降2.6%，尽管其中不乏信息服务业、铁路船舶航空航天和其他运输设 备制造业、互联网和相关服务业等行业的结构性投资亮点，但推动投资止跌回稳、坚持投资于物和投资 于人紧密结合的紧迫性已愈发凸显。 一方面，传统投资于物回报率下降。2008年至2023年我国增量资本产出率由2.84攀升至9.44，意味着每 增加1元国内生产总值（GDP）所需投入的资本金额较之前要多出数倍；另一方面，全球产业竞争已 从"资本密集"转向"人才密集"，我国过去多年积累 ...