来源：环球时报 编者的话：12月20日，环球时报社举办2026年年会。本届年会以"世界可以相信中国：新征程，新机 遇"为主题，来自国内外政界、学界和商界的百余位权威人士、专家学者与会，深刻解码中国的发展逻 辑，阐释为何"相信中国"愈发成为国际共识。国际论坛版整理刊发部分嘉宾发言，以飨读者。本期选取 的是年会第二议题"赋能型国家，'十五五'释放哪些全球红利"精彩内容。 中国机遇就是全球红利 李君如（原中共中央党校副校长）："十五五"时期，中国将持续推进高水平对外开放，加快培育壮大新 质生产力，中国经济发展将为全球带来新机遇、增添新动能，世界各国也将在开放融通中共享中国发展 的丰厚红利。 中国释放的第一个红利来自开放。12月18日，海南自由贸易港正式启动全岛封关，这是"十五五"时期中 国给世界带来的"最大的动能、最大的机遇、最大的红利"。 第二个红利是"十五五"时期中国高水平的市场经济。众多重大举措将吸引更多外资进入中国，生产经营 再投资，形成新的发展动能。 第三个红利是中国新质生产力的发展，这将为全球经济提供强大发展动能。 第四个红利是中国稳定的社会政治。当下全球动荡不安，安全稳定的中国将吸引更多资金。因此，我 ...

设施升级加码，优化养老生活环境。针对老年人出行、居住等需求，强化基础设施适老化改造，同 时加快补齐老旧小区养老服务设施短板；在出行保障上，优先支持老年人口密集小区加装电梯、城市公 共区域增设老年人休息椅、推动网约车平台完善"一键叫车"功能，全方位降低老年人出行门槛。 记者12月22日获悉：省民政厅近日联合省发展改革委、省教育厅等25部门出台《关于促进养老服务 消费的十项措施》，为全省老年人打造更具品质、更有温度的养老生活，推动银发经济高质量发展。 多元供给扩容，织密养老服务网络。聚焦居家、社区、机构、农村四大养老场景，全面拓宽服务供 给渠道。发展居家养老服务，通过做好老年助餐、专业化助浴、智能化助医等服务，让居家养老更便捷 高效；拓展社区养老服务，统筹盘活闲置资源构建"一刻钟养老服务消费圈"，推广"养老顾问"服务模 式，落实老年人优待"同城同待遇"，实现优质服务"家门口可达"；优化机构养老服务，支持养老机构增 设认知障碍照护专区，实施乡镇卫生院与养老院"两院共建"，让专业照护更普惠；加快农村养老服务， 通过组建县域养老服务联合体、改造闲置农房建设"互助幸福院"，推进老年用品下乡与适老化配送等举 措，让农村老年 ...

《 人民日报 》（ 2025年12月23日 13 版） (责编：白宇、卫嘉) 隆冬时节，在山东省淄博市淄川区龙泉镇养老中心，73岁老人王衍玲拉着记者坐下，聊起养老中心的新 变化。 龙泉镇养老中心有70张床位，54名老人入住。2025年初，养老中心计划对基础设施进行全面升级，涉及 无障碍通道改造、适老化卫浴设备安装等，"因为预算缺口达60万元，开工日期一拖再拖。"养老中心负 责人徐修国说。 一筹莫展之际，一笔专项贷款解了徐修国的燃眉之急。淄川农商银行客户经理谭玲在走访中了解到养老 服务中心的融资困难，针对养老中心轻资产、缺抵押的特点，银行以担保方式为养老中心发放60万元专 项贷款。资金到位后，改造很快完成。 2025年以来，淄川农商银行围绕金融服务适老化，进一步加大养老服务行业信贷支持力度。截至目前， 已投放适老领域贷款2500余万元，支持全区10余家养老机构实现基础设施升级；开展适老性服务活动 800多场，线下覆盖银发客群1.1万人。 山东省60岁及以上人口达2482万，已进入中度老龄化阶段。为破解养老机构融资难题，山东金融监管局 近年来引导省内银行业金融机构制定专项养老信贷政策，不断健全完善符合养老产业特点 ...

Group 1 - The core innovation is the intelligent fully automatic bathing robot developed by Xiangyu Medical, designed to address the bathing difficulties faced by elderly individuals or patients with limited mobility [1] - The bathing robot features 18 spray nozzles that evenly distribute warm water and shower gel, and includes a display screen for easy operation, significantly reducing the workload of caregivers [1] - The robot's design includes a closed cabin with privacy features, adjustable settings for water temperature and height, and safety measures to ensure a comfortable bathing experience [1] Group 2 - The current bathing practices for elderly individuals in care facilities pose risks such as falls and physical strain on caregivers, highlighting the urgent need for improved solutions [2] - By the end of 2024, the population aged 60 and above in China is projected to reach 310 million, accounting for 22% of the total population, indicating a strong demand for healthcare services for the elderly [2] - The integration of AI technology in elderly care is transforming service models, aligning with national policies aimed at enhancing long-term care systems for the elderly [2] Group 3 - Xiangyu Medical is developing AI therapy robots that utilize advanced technologies for precise treatment, catering to the rehabilitation needs of elderly patients [3] - The company is focusing on smart elderly care solutions, including wearable and portable rehabilitation products, to enhance the quality of life for seniors [3] - The goal is to create technology-driven partners in elderly care, ensuring that seniors can enjoy a dignified and high-quality life [3]

海南这五年：民生答卷，有速度有温度 中新网海口12月22日电 (张茜翼 黄方舟)"十四五"时期，海南聚焦基本民生保障、基层社会治理、基本 社会服务职责，持续完善普惠性、基础性、兜底性民生建设，交出了一份有发展速度、有幸福温度的民 生答卷。 22日在海口举行的"高标准建设海南自由贸易港"系列主题新闻发布会(第四场)——海南省民政事业"十四 五"时期发展改革成效专场上，海南省民政厅党组书记、副厅长曾锋作出上述表示。他说，五年来，海 南民政系统把百姓的"身边小事"办成增进民生福祉的"暖心大事"，让"民之所盼"成为"民之所赞"。 据介绍，"十四五"时期，海南将专项救助延伸至低保边缘家庭、刚性支出困难家庭等困难群众，分层分 类提供常态化救助帮扶，全省低收入人口30.2万人，累计发放低保、特困、临时救助等救助资金69.1亿 元。 编辑：熊思怡 在养老服务方面，海南出台相关政策，制定《旅居养老服务规范》地方标准，发布养老机构"白名单"， 强化养老机构预收费资金监管；推广居家社区养老服务"建枢纽带站点进家庭"模式，全省建成135家养 老机构、141个区域性养老服务中心、241家老年人日间照料中心、259家长者食堂，1676个 ...

Group 1: Xiaomi Group - Xiaomi Group has launched the MiMo-V2-Flash model, optimizing inference costs and speed, and accelerating the implementation of AI in the physical world across various scenarios including mobile, IoT, and automotive [1][2] - The MiMo model serves as an AI ecosystem entry point, with Xiaomi being the only company to establish a comprehensive ecosystem integrating mobile, automotive, and home [2] - The performance and cost-effectiveness of the MiMo-V2-Flash model are highlighted, with innovations in structure and post-training paradigms enhancing model inference and agent capabilities [2] Group 2: Bubble Mart - The Crybaby exhibition by Bubble Mart will take place in Shanghai from December 20, 2025, to January 25, 2026, with ticket prices set at 109 yuan for regular and 258 yuan for VIP [3] - The exhibition aims to extend the IP lifecycle through ticket sales and social media engagement, enhancing brand presence and increasing touchpoints [3] Group 3: Industry Trends - The pet food and supplies sector is seeing growth, with Petty's New Zealand factory products expected to launch in Q1 2026, potentially improving performance after previous capacity constraints [4] - The silver economy is being supported by a new action plan from various health authorities aimed at enhancing elderly care services [4] - The AI and 3D printing sector is experiencing significant growth, with exports increasing by 89% in quantity and 136% in value year-on-year, indicating a robust industry outlook [4]

在圆桌会议等环节，与会嘉宾围绕产业未来发展的创新模式、专业化人才培养等议题深入研讨。 会上，海南农垦物业管理有限公司、海南省养老康养产业协会和天津宏舜联合物业管理服务集团有 限公司三方签订了《海南养老家政合作框架协议》。主办方还以此次大会为契机，发布《旅居康养基地 评价标准》。与此同时，全国养老康养旅居产品交易会同步开启，集中展示来自全国各地的优质养老康 养产品、医养服务项目、旅居线路及配套服务资源。 海南日报三亚12月21日电(海南日报全媒体记者 刘杰 陈苡琪)12月20日，2025海南国际养老康养旅 居产业大会在三亚启幕，政府主管部门、行业协会、行业领军企业及专家学者汇聚一堂，共探新时代背 景下康养旅居产业发展新路径，携手共促康养旅居产业高质量发展。 大会上，来自南航集团、北京康养集团等企业代表以及北京师范大学等多所高校的专家学者，聚 焦"拥抱银发经济新浪潮，共创康养旅居新未来""金融赋能银发经济"等热点话题分别进行主旨演讲，全 方位分享康养旅居产业的前沿经验。 ...

Summary of Conference Call Records Industry Overview - **Consumer Sector Outlook**: The consumer sector is expected to face challenges in the first half of 2026 due to the tapering of the trade-in policy, which may lead to a slowdown in durable goods consumption. However, service consumption is showing strong internal momentum, with growth expected in sectors like elderly care and home services, which may receive more policy support [1][4][5]. Key Points and Arguments - **Consumer Data Trends**: In November 2025, retail sales growth fell to 1.3%, the lowest of the year, primarily due to the early Double Eleven promotions, the impact of the trade-in policy, and weakened consumer confidence due to falling housing prices [2][3]. - **Trade-in Policy Impact**: The decline in the trade-in policy is anticipated to negatively affect consumer spending in early 2026, particularly in durable goods like home appliances and automobiles, which are expected to see continued low growth [3][21]. - **Service Consumption Growth**: Service retail growth has increased from 4.9% at the beginning of the year to 5.4%, with significant contributions from education and dining sectors [4]. - **Investment Recommendations**: Focus on the AI industry and emerging sectors like pet economy and trendy toys. Real estate is expected to recover by 2026-2027, benefiting related industries [1][6][7]. Important but Overlooked Content - **High-End Consumption and Travel Chain**: The service sector in 2026 will focus on high-end consumption and travel, with recommendations for companies in the duty-free, hotel, aviation, and dining sectors, such as China Duty Free Group and hotel chains like Jin Jiang and Huazhu [7]. - **Overseas Expansion Opportunities**: Companies like Anker Innovations and Huakai 100 are recommended for their potential in overseas markets, despite current low stock prices [9][10]. - **Alcohol and Beverage Sector**: The alcohol sector is currently in a low season, but some brands are seeing price recovery due to channel control measures. The soft drink market is also expected to show potential growth despite current sales being slow [11][12][13]. - **Food and Beverage Trends**: The snack sector is seeing positive demand ahead of the Spring Festival, with health-oriented products like konjac and oats showing significant growth. Companies like Wancheng and Yanjinpuzi are highlighted for investment [12]. - **Investment in New Consumption Areas**: The new consumption sector is showing upward trends, particularly in the vaping and AI glasses markets, with companies like Smoore and Kangnai Optical recommended for their growth potential [16]. Conclusion - The consumer sector is navigating a complex landscape with both challenges and opportunities. The focus on service consumption, emerging sectors, and strategic investments in high-potential companies will be crucial for navigating the anticipated economic conditions in 2026.

Core Viewpoint - The article emphasizes the importance of developing a high-quality elderly care system in response to population aging, highlighting the role of government and market collaboration in building a comprehensive elderly care ecosystem [2][3]. Group 1: Policy Guidance for Elderly Care Ecosystem - The current stage presents a significant opportunity in the elderly care industry, with a consensus on the need to establish a robust medical and elderly care ecosystem [3]. - The core of building an elderly care ecosystem involves integrating the elderly care industry with supply chains, services, and financial aspects to provide precise services for the elderly [3]. - Key stakeholders in the medical and elderly care sector include central enterprises, insurance companies, and small to medium enterprises, with insurance companies playing a pivotal role due to their financial strength and customer base [3][4]. Group 2: Development Strategies - The construction of a medical and elderly care ecosystem requires efforts in three areas: industrial ecosystem construction, government-enterprise ecosystem construction, and policy ecosystem construction [3][6]. - The industrial ecosystem should focus on market demand and align with government needs, with local governments playing a crucial role in providing inclusive elderly care services [3][4]. - The government can participate through state-owned assets and procurement services, emphasizing the importance of long-term care insurance and inclusive insurance [3][4]. Group 3: Role of Insurance Industry - The insurance industry is not just a payer but should act as a resource integrator, supervisor, and service provider within the elderly care ecosystem [5]. - Insurance companies can help clients plan for long-term health and elderly care expenses, leveraging their advantages in risk management and funding [5][6]. - The insurance sector's role includes promoting collaboration with medical institutions to enhance service efficiency and risk management [5]. Group 4: Policy Ecosystem Construction - The combination of financial and fiscal policies is crucial for developing the medical and elderly care ecosystem [6][7]. - Learning from the U.S. REITs model, there is potential for pension funds to invest in real estate that meets elderly care needs, contributing to stable returns [6]. - Local governments should take initiative by establishing guiding funds and collaborating with financial institutions to promote the development of the elderly care industry [7].

Group 1: Investment Rating - The report does not explicitly state an investment rating for the industry or companies discussed [1]. Group 2: Core Insights - Xiaomi Group is advancing its AI capabilities with the MiMo-V2-Flash model, which optimizes inference costs and speeds, aiming to create a comprehensive ecosystem across devices, vehicles, and homes [1][10][12]. - The MiMo model serves as an AI ecosystem entry point, positioning Xiaomi as a unique player in the physical world, potentially enabling a competitive edge through a closed-loop commercial model [1][12]. - The report highlights the growth potential in the pet food sector, with Petty Co. set to launch products from its New Zealand factory in Q1 2026, which is expected to improve performance after previous capacity constraints [15][17]. - The silver economy is gaining attention, with government initiatives aimed at enhancing elderly care services and expanding the workforce in this sector [18][19]. - The AI and 3D printing industry is experiencing significant growth, with a notable increase in exports of 3D printers from China, indicating a robust market environment [21][22]. - The report notes the strong performance of Stanley products on Amazon, with significant year-over-year sales growth across multiple regions, indicating a successful market strategy [25][27]. Group 3: Summary by Sections Xiaomi Group - The MiMo-V2-Flash model is a key component of Xiaomi's AGI strategy, achieving a leading cost-performance ratio with optimized inference costs of 0.7 CNY per million tokens for input and 2.1 CNY for output [10][12]. - Xiaomi's integration of AI into its mobile operating system enhances cross-device collaboration and user experience, positioning the company for high-end market opportunities [13][14]. Pet Food Industry - Petty Co. is preparing to launch products from its New Zealand factory, which is expected to significantly boost sales starting in Q1 2026 [15][17]. - Honeycare, a brand under Youpai Co., has achieved top sales in its category on Amazon, indicating strong market performance [17]. Silver Economy - The government has outlined a plan to enhance elderly care services, aiming for a more comprehensive and diverse service model by 2027 [18][19]. AI and 3D Printing - China's 3D printer exports have surged, with a year-over-year increase of 89% in quantity and 136% in value, reflecting a thriving industry [21][22]. Stanley Products - Stanley's sales on Amazon have shown remarkable growth, with a 168.73% increase in the U.S. market, indicating effective product strategies and market penetration [25][27].