Core Points - The Chinese government emphasizes the importance of ecological environment protection and green development during the "14th Five-Year Plan" period, aiming for harmonious coexistence between humans and nature [1][2][3] - Significant improvements in ecological quality have been reported, with a 16.3% reduction in PM2.5 concentration in cities by 2024 compared to 2020, and over 90% of surface water quality meeting good standards [3] - The renewable energy sector has rapidly expanded, with one-third of the national electricity consumption coming from clean renewable sources, supporting carbon peak and neutrality goals [4][5] Group 1 - The "14th Five-Year Plan" focuses on ecological priority and green development, promoting a transition to a green economy [1][2] - The Yangtze River's ecological environment has been prioritized, with measures taken to improve water quality and ecosystem stability [2] - The construction of sports facilities in Jiangsu integrates ecological restoration with public services, showcasing effective environmental governance [1] Group 2 - Nationwide efforts have led to the completion of ultra-low emissions upgrades for 11.2 billion kilowatts of coal power and 9.5 billion tons of crude steel capacity [3] - The establishment of the largest and fastest-growing renewable energy system globally, with significant projects like the Kubuqi Desert wind and solar base [4] - China's renewable energy exports have contributed to a reduction of approximately 4.1 billion tons of carbon emissions globally [5]

Core Points - The meeting focused on the ecological protection of the Qinling Mountains, emphasizing the need for a systematic and sustainable approach to environmental management [1][2] - The importance of learning from past mistakes, particularly regarding illegal constructions, was highlighted to enhance political awareness and execution in ecological protection [1] - A call for strengthening biodiversity protection and the establishment of national parks and botanical gardens was made to create a comprehensive wildlife resource protection network [1] Summary by Sections - **Ecological Protection Strategies** - Emphasis on regulations to protect mountains, planning to control mountain development, and the use of technology for management [1] - A commitment to improving the ecological environment quality of the Qinling region through a long-term protection mechanism [1] - **Biodiversity and Wildlife Protection** - Initiatives to enhance the protection of wild birds and to combat illegal activities affecting wildlife [1] - Plans to increase the supply of high-quality and safe alternative products to reduce ecological damage [1] - **Regulatory and Management Framework** - The need for strict enforcement of regulations against illegal exploration and adventure activities in core protection areas [1][2] - Development of a comprehensive monitoring and regulatory system integrating various technologies [2] - **Community Engagement and Responsibility** - Encouragement for local governments and departments to take responsibility for ecological protection and to engage the community in conservation efforts [2] - A focus on enhancing public awareness and collective action towards the protection of the Qinling Mountains [2]

Economic Growth - China's GDP for the first three quarters of the year reached 10,150.36 billion yuan, with a year-on-year growth of 5.2%, accelerating by 0.4 percentage points compared to the same period last year [3] - The economic increment amounted to 396.79 billion yuan, with an increase of 136.8 billion yuan year-on-year [3] Industrial Performance - The industrial added value above designated size grew by 6.2% year-on-year, with the manufacturing sector increasing by 6.8% [3] - The proportion of added value from equipment manufacturing and high-tech manufacturing reached 35.9% and 16.7%, respectively [5] Consumer Market - The total retail sales of consumer goods reached 3,658.77 billion yuan, reflecting a year-on-year growth of 4.5%, with service retail sales growing by 5.2% [3][16] - Final consumption expenditure contributed 53.5% to economic growth, indicating that consumption remains the main engine of economic growth [5] Investment Trends - Manufacturing investment grew by 4.0% year-on-year in the first three quarters [3] - Investment in the automotive manufacturing sector maintained double-digit growth, driven by policies promoting the replacement of old vehicles [6][9] Employment and Prices - The urban survey unemployment rate remained stable compared to the first half of the year [3] - Core CPI inflation has expanded for five consecutive months, reflecting the effectiveness of policies aimed at expanding domestic demand and promoting consumption [3] International Trade - The total value of goods trade reached 3.361 trillion yuan, with a year-on-year growth of 4% [3] - The resilience of China's foreign trade has been highlighted, with a focus on upgrading export structures and expanding market reach [16] Technological Innovation - High-tech manufacturing added value grew by 9.6% year-on-year, with significant increases in the production of industrial and service robots [8][9] - The integration of technology and industry has led to a transformation of innovative potential into economic momentum, with substantial growth in renewable energy products [9][10] Energy Consumption - The total electricity consumption in the third quarter exceeded 1 trillion kilowatt-hours, with industrial electricity consumption showing rapid growth [12] - In Jiangsu, electricity consumption in advanced manufacturing increased significantly, particularly in the photovoltaic equipment sector [12]

国泰海通晨报 2025 年 10 月 21 日 国泰海通证券股份有限公司 研究所 [Table_Summary] 1、【政策研究】："十五五"时期是我国迈向 2035 年远景目标的关键攻坚期，必须坚持以新质生 产力为核心驱动，通过科技创新和产业升级推动高质量发展，同时在复杂多变的国际环境中统筹 改革开放、安全发展与民生福祉。 2、【海外科技研究】海外科技：OpenAI 动作频频：再签 10GW 博通算力订单，布局底层硬件能 力；ChatGPT 接入沃尔玛、计划推出消费级硬件产品，持续探索更多商业模式。 [汤蔚翔 Table_Authors] (分析师) 电话：021-38676172 邮箱：tangweixiang@gtht.com 登记编号：S0880511010007 [Table_ImportantInfo] 今日重点推荐 李明亮(分析师) 021-23185835 limingliang@gtht.com S0880525040001 纪尧(分析师) 021-23185836 jiyao@gtht.com S0880525040003 孙欣欣(分析师) 021-38038562 sunxinxin@g ...

C ... "今年以来,我国经济顶住压力,保持 总体平稳、稳中有进发展 下载 '稳"的格局没有改变 从经济增长看 前三季度GDP同比增长5.2%,比上年全年 和上年同期分别加快0.2、0.4个百分点。 经济增量达到39679亿元,同比增加1368 亿元。 从就业物价看 前三李度,全国城镇调查矢业率平均值为 5.2%,与上半年持平。 图说经济 我国经济"稳"的格局、 "进"的势头、"韧"的 特胜没有改变 前三季度,扣除食品和能源的核心CPI同比 上涨0.6%,其中9月份上涨1.0%,连续5个 月涨幅扩大。 从国际收支看 货物进出口规模创历史同期新高,增速逐 季回升。 9月末外汇储备继续保持在3.3万亿美元 以上。 从实物量指标看 前三季度,规模以上工业发电量同比增长 1.6%。 货物周转量、旅客周转量分别增长4.8%、 4.4%0 @ -- -0 "进"的势头没有改变 绿色低碳转型取得新进展 前三季度,非化石能源消费占能源消费总量 - - ● --- 的比重同比提高约1.7个百分点。 外贸新动能成长壮大 · 多元化市场成为出口增长的有力支撑,前 三季度"新三样"产品出口两位数增长。 民生保障有力有效 前三季度, ...

Core Insights - China's economy has shown stable growth in the first three quarters, with energy consumption growth remaining steady and a significant increase in the share of non-fossil energy consumption [1] Group 1: Energy Production - Energy production has steadily increased, with major energy products such as coal, oil, gas, and electricity showing growth. The industrial raw coal output reached 3.57 billion tons, a year-on-year increase of 2.0% [2] - Crude oil production was 160 million tons, up 1.7% year-on-year, while natural gas production hit 194.9 billion cubic meters, marking a historical high with a growth of 6.4% [2] - Electricity generation totaled 7.3 trillion kilowatt-hours, reflecting a 1.6% year-on-year increase, with significant growth in nuclear, wind, and solar power generation [2] Group 2: Supply Security - Domestic coal supply has been sufficient, leading to a decrease in energy imports. Coal imports fell to 35 million tons, down 11.1% year-on-year, while crude oil imports increased by 2.6% to 42 million tons [3] - Natural gas imports decreased to 9.286 million tons, a decline of 6.2% year-on-year, indicating improved energy self-sufficiency and security [3] - The power supply has been robust, with record-high electricity loads due to sustained high temperatures, enhancing the coordination of power sources and ensuring stable supply for economic and social operations [3] Group 3: Green and Low-Carbon Transition - Energy consumption in the first three quarters grew by 3.7%, with a notable shift towards greener energy consumption structures. The share of non-fossil energy in total energy consumption increased by 1.7 percentage points compared to the previous year [4] - The proportion of clean energy generation from hydropower, nuclear power, wind power, and solar power reached 35.3%, an increase of 1.9 percentage points year-on-year, indicating accelerated green transition in the energy sector [4]

Economic Overview - The GDP growth for the first three quarters of 2023 was 5.2%, an increase of 0.2 and 0.4 percentage points compared to the previous year and the same period last year, respectively, with an economic increment of 39,679 billion yuan, which is 1,368 billion yuan more year-on-year [2][6] - The urban unemployment rate averaged 5.2% in the first three quarters, remaining stable compared to the first half of the year, while the Consumer Price Index (CPI) slightly decreased by 0.1% year-on-year, but the core CPI, excluding food and energy, rose by 0.6% [2][7] Industry Performance - The manufacturing value added of lithium-ion batteries, shipbuilding and related equipment, and electric motors increased by 29.8%, 22.9%, and 17.1% year-on-year, respectively [11] - The production of new energy vehicles, electric bicycles, and tablet computers grew by 29.7%, 27.1%, and 9.5%, respectively [11] - The production of wind and solar power saw double-digit growth year-on-year in the first three quarters [11][15] High-Quality Development - The proportion of value added from equipment manufacturing and high-tech manufacturing reached 35.9% and 16.7% of the total industrial value added, respectively [3] - Non-fossil energy consumption accounted for approximately 1.7 percentage points more of the total energy consumption compared to the previous year [3] New Energy and Technology - The production of lithium-ion power batteries for automobiles increased by 46.9% year-on-year [15] - The production of solar batteries grew by 14.0% year-on-year [15] Policy Impact - The implementation of macroeconomic policies has effectively supported economic stability, with a focus on expanding domestic demand and enhancing market vitality [10][12] - The final consumption expenditure contributed 53.5% to economic growth in the first three quarters, an increase of 9.0 percentage points compared to the previous year [10] Innovation and R&D - R&D expenditure increased by 8.9% compared to the previous year, with a notable rise in the number of R&D personnel [13][17] - The value added of high-tech manufacturing increased by 9.6% year-on-year, with significant growth in integrated circuit manufacturing and electronic materials [14] Green Development - The production of renewable energy products, including new energy vehicles and solar batteries, showed significant growth, with new energy vehicle production increasing by 29.7% [15][20] - The comprehensive utilization of waste resources increased by 14.4% in the first three quarters [15]

Core Insights - The article highlights the significant progress China is making in its green transition during the "14th Five-Year Plan" period, particularly in the electric vehicle (EV) sector and charging infrastructure [1][6]. Charging Infrastructure Development - During the recent holiday period, China's highway EV charging reached 123 million kilowatt-hours, with a daily average increase of over 45% year-on-year, marking a historical high [1]. - By the end of August 2025, China is expected to have 17.348 million electric vehicle charging points, approximately ten times the number from five years ago [2]. - The number of charging facilities on highways has increased to over 40,000, five times the number from five years ago, with significant expansion into rural areas [2]. Charging Speed and Technology - The average power of newly added DC charging stations has increased from 73.90 kilowatts at the end of 2021 to 98.51 kilowatts by June 2025, indicating a rapid adoption of high-power charging facilities [3]. - Shenzhen has established 1,057 supercharging stations and over 487,000 charging piles, surpassing the number of gas stations and making "full charge with a cup of coffee" a reality [3]. Renewable Energy Integration - The "14th Five-Year Plan" has seen a rapid increase in renewable energy, with the share of renewable energy generation capacity rising from 40% to around 60% [4]. - Wind and solar power generation has significantly increased, with their contribution to total electricity consumption rising from 9.7% in 2020 to an expected 18.6% by 2024 [4]. Traditional Energy Transition - 95% of coal-fired power units in China have achieved ultra-low emissions, with ongoing improvements in coal gangue utilization rates [5]. - The recent announcement of new national contribution targets aims for non-fossil energy to account for over 30% of total energy consumption by 2035, with a sixfold increase in wind and solar capacity compared to 2020 [5]. Future Ambitions - The new targets set forth are more ambitious and indicate that the next five years will see an even greater push towards green transformation in China [6].

Core Viewpoint - The Shaanxi Provincial Ecological Environment Department is actively implementing the "Three Years" initiative to enhance the business environment, improve the capabilities of officials, and promote high-quality projects, focusing on ecological protection and pollution control, thereby advancing the construction of a beautiful Shaanxi [2][4][14]. Group 1: Ecological Protection and High-Quality Development - The department emphasizes the integration of ecological protection and high-quality development, particularly in the Qinling Mountains and the Yellow River basin, while also addressing air pollution in the Guanzhong area [2][4][14]. - In 2023 and 2024, Shaanxi Province received an "excellent" rating in the national pollution prevention and control assessment, significantly enhancing the ecological environment satisfaction among residents [2][4]. Group 2: Pollution Control and Environmental Quality - The ecological quality index for the Qinling section in Shaanxi is expected to reach the highest category by 2024, with over 99% of the area maintaining good ecological quality [4][15]. - The Yellow River's water quality in Shaanxi has consistently met Class II standards for three consecutive years, with ongoing efforts to protect water sources [4][15]. - By 2024, 96.4% of national control sections in the province are projected to meet Class I to III water quality standards, improving by 7.2 percentage points since 2020 [16]. Group 3: Economic and Administrative Reforms - The department is implementing reforms to streamline administrative processes, including a "two-in-one" approval system for environmental assessments and pollutant discharge permits, significantly reducing project approval times [5][23]. - As of September 2025, 95.3% of provincial key projects have completed environmental assessment procedures, with a 65% reduction in approval times compared to legal requirements [19][23]. Group 4: Green and Low-Carbon Development - Shaanxi is promoting green and low-carbon development as a fundamental strategy to address ecological issues, with initiatives like the "Carbon Benefit Sanqin" platform facilitating carbon asset management for enterprises [17]. - By September 2025, the province has participated in national carbon market transactions totaling 2.703 billion yuan [17]. Group 5: Enhancing Business Environment - The department is committed to optimizing the business environment in the ecological sector, implementing measures to support private sector development and reduce burdens on enterprises [22][24]. - A comprehensive administrative enforcement system is being established to enhance regulatory efficiency and reduce the compliance burden on businesses [24][25].

产品碳足迹标识认证，是指用以证明产品在其生命周期过程中，产品碳足迹量化结果及一致性符合 认证要求，并能够实现持续的自主温室气体减排或清除增加的产品碳标识认证活动。2024年8月，国家 市场监督管理总局会同相关部委联合印发通知，开展碳足迹标识认证试点工作。经国家认证认可监督管 理委员会评审，我省营口、鞍山、丹东、抚顺等市钢铁（菱镁制品）成功入选全国产品碳足迹标识认证 试点。 省市场监管局相关负责人表示，将在"双碳"战略引领下，以质量认证赋能绿色低碳治理，指导试点 地区立足行业优势，先行先试、大胆实践，争取形成效益突出、可复制可推广的优良案例，助力重点行 业绿色低碳转型，推动高质量发展，为全国碳达峰碳中和贡献"辽宁方案"。 10月20日，我省产品碳足迹标识认证试点启动仪式在鞍山市菱镁产业转型升级试验区举行，辽宁省 产品碳足迹标识认证技术联盟正式成立，专家围绕产品碳足迹标识认证申报流程、核算方法等进行了重 点解读。这标志着我省在探索产品全生命周期绿色管理、构建低碳产业体系方面开拓了新路径，也是推 动产业绿色转型、培育新质生产力的具体行动。 钢铁（菱镁制品）是我省重点优势传统产业，率先开展产品碳足迹标识认证，将对促进 ...