Core Insights - Shenzhen maintained its position as the leading city in mainland China for import and export scale, reaching 4.12 trillion yuan in the first 11 months, with a year-on-year growth of 0.6% [1] Group 1: Trade Overview - Exports totaled 2.5 trillion yuan, while imports reached 1.62 trillion yuan, showing a growth of 7.7% [1] - General trade accounted for over half of the total trade, with a value of 2.2 trillion yuan, representing 53.5% of Shenzhen's total import and export value [1] - Bonded logistics saw a growth of 6.8%, with a total of 1.1 trillion yuan, making up 26.7% of the total [1] - Processing trade amounted to 796.9 billion yuan, growing by 3.3% and accounting for 19.3% [1] Group 2: Enterprise Contributions - Private enterprises contributed nearly 70% of the total trade, with an import and export value of 2.82 trillion yuan, representing 68.4% [1] - Foreign-invested enterprises showed a rapid growth of 14%, with a total of 1.17 trillion yuan, accounting for 28.3% [1] - State-owned enterprises had an import and export value of 133.6 billion yuan [1] Group 3: Trade Partners - The top ten trading partners accounted for nearly 80% of Shenzhen's total trade, with a combined value of 3.24 trillion yuan, growing by 2.1% [1] - Trade with Hong Kong, Taiwan, the EU, South Korea, Japan, and the UK showed various growth rates, with Hong Kong at 709.97 billion yuan (10.7% growth) and the UK at 63.8 billion yuan (0.1% growth) [1] Group 4: Export Growth by Sector - Mechanical and electrical products exports reached 1.9 trillion yuan, growing by 4.3% and accounting for 76.1% of total exports [2] - Traditional electronic information products, including computers and components, saw exports of 292.61 billion yuan (8.9% growth) and 83.44 billion yuan (6.5% growth) respectively [2] - Integrated circuit exports surged by 40.8% to 217.75 billion yuan [2] - Emerging industries such as lithium batteries and 3D printers also experienced significant growth, with exports of 76.86 billion yuan (31.3% growth) and 7.84 billion yuan (30.4% growth) respectively [2] Group 5: Import Growth by Sector - Mechanical and electrical products imports totaled 1.32 trillion yuan, growing by 9.5% and accounting for 81.5% of total imports [2] - Integrated circuit imports reached 736.3 billion yuan, growing by 19.7% [2] - Agricultural product imports grew by 9.9% to 89.4 billion yuan, with significant increases in grain (96.1% growth) and seafood (35.5% growth) [2]

文峪河静静流淌，穿越千年光阴。这片土地，曾走出中国历史上唯一的女皇武则天，也滋养了革命女英 雄刘胡兰的铮铮铁骨。如今，坐落于太原、晋中、吕梁三市"黄金交会点"的山西文水县，正勾勒着一场 产业变革的新图景——以"一黑一白"双轮驱动，描摹中国县域经济转型升级的新样本。 2024年，文水县交出了一份稳健的成绩单：地区生产总值完成129.2亿元；固定资产投资完成41.8亿元， 增速达11.8%。成绩背后，是全县超百家钢结构钢模板企业生产"黑色筋骨"的基建担当，是年产近20万 吨优质清香型白酒筑基"白色"产业的飘香四溢。如今，"一黑一白"已经覆盖全国，走向世界。 "黑金"蜕变 钢模产业驶入"智造"新赛道 小城根脉 "一黑一白"组团亮相博鳌论坛 12月5日，2025企业家博鳌论坛期间，山西省吕梁市文水县组织8家白酒、钢结构钢模板企业，集体亮相 论坛系列活动之"江山多娇 秀我中国"——新华指数博鳌年会，以"组团"形式展示当地两大特色产业。 "1981年，文水上贤村出土的汉代青铜蒜头扁壶中，还存有2000多年前的酒体，经检测为酿酒需要的谷 物类物质，证明早在汉代文水民间就掌握了较为成熟的酿酒技术；武则天回乡省亲时，将家乡美酒 ...

Group 1 - The eighth China International Import Expo (CIIE) is being held in Shanghai from November 5 to 10, showcasing China's commitment to high-level opening-up and cooperation [5] - The expo serves as a platform for observing China's vast market advantages and has maintained stable intent purchasing amounts compared to the previous year, with financial credit support increasing by 3% [5] - The event highlights the participation of various enterprises, including the Fujian trading group, which aims to leverage the expo to showcase its procurement potential and promote the spirit of innovation [5] Group 2 - LEGO has created a "play city" at the expo, featuring iconic Shanghai architecture and launching five globally debut products inspired by Chinese traditional culture, which have garnered interest from both local and international consumers [6] - Sanming City Senxiaosen Toy Co., founded by a former short video blogger, has rapidly expanded its business and become an authorized online distributor for LEGO, achieving over 20% annual revenue growth [7] - The company has established a long-term talent development plan with Sanming College and is set to become a leading online distributor for LEGO in China, aiming to influence LEGO consumption trends [7] Group 3 - Yihai Kerry Group, a long-time participant in the expo, is focusing on health-oriented products and sustainable development in its offerings, reflecting a shift in consumer demand towards functional and low-carbon food options [9] - The company has invested in various sectors in Fujian since 2002 and is actively expanding its operations, including projects in egg production and rice processing [9] Group 4 - The "China White·Dehua Porcelain" exhibition showcases exquisite porcelain craftsmanship, with a focus on attracting domestic consumers amid changing international trade dynamics [10] - Dehua has over 4,000 ceramic enterprises, and the exhibition aims to highlight the region's rich cultural heritage and craftsmanship through various themed displays [10] Group 5 - The Sanming city exhibition features traditional Sha County snacks, promoting a new commercial model that combines tasting experiences with online and offline sales channels [11] - The initiative aims to modernize the presentation of Sha County cuisine, making it more appealing to younger consumers while preserving its cultural significance [11]

制造业是立国之本、强国之基，是实体经济的重要组成部分。经过几十年的快速发展，我国制造业规模跃居世界第一位。 为全面展示我国制造业在核心技术、产业基础与创新生态体系等方面取得的辉煌成就，工业和信息化部新闻宣传中心、中国国家博物馆将举办"中国制造 成就展"。 近日，历经专家评审委员会严格评审，长虹第一台彩色电视机、美菱打造的安徽省第一台冰箱BY-158，以及自带视觉识别"眼睛"的长虹螺钉机器人，成功 入选该展。 入选展览的三件"长虹造"，既承载着改革开放初期中国企业的创业初心，也印证了制造业高质量发展的时代变迁。 长虹将以跨越60余年的制造印记与前沿科技成果，呈现陪伴中国制造业从无到有、从"追赶"到"领跑"的发展历程。 回溯历史，1984年诞生的美菱BY-158冰箱，是美菱创业者们克服物资匮乏、技术空白等困难，以"土法上马"手工打造的安徽省第一台冰箱产品。它不仅终 结了安徽不能生产电冰箱的历史，更成为安徽省家电制造业乃至中部地区工业崛起的一个标志性起点。 同年，美菱从年产5万台的生产线起步，并在此后四十余年，逐步攻克"玫瑰保鲜33天""33分钟品质解冻"等核心技术，成长为全球保鲜技术领先的家电企 业。 几乎同期， ...

榆林海关自2020年首次监管供港澳活牛业务以来，积极支持龙头企业拓展业务，推动产业升级，已 指导4家企业获得供港澳活牛注册饲养场资质。同时，通过"三强化"提升出口活牛质量：强化疫病防 控，严格监测口蹄疫等重大动物疫病，实施禁限用兽药安全风险监控；强化源头管理，指导企业完善质 量控制体系，出口前逐头检疫，确保"零问题"装运；强化通关便利，开通"绿色通道"，优化检验流程， 保障活牛高效通关。 榆林海关负责人吕博介绍，榆林海关将持续对标港澳市场标准，进一步加强监管，保障活牛品质， 并提前做好2026年元旦、春节供应高峰筹备，确保稳定供应。（记者：王晨曦 通讯员：屈喜锋） 12月19日，记者从榆林海关获悉：1月至11月，榆林海关共监管供港澳活牛68批次、1069头，同比 分别增长41.7％、45.5％；榆林供港澳活牛出口量首次突破1000头大关，创历史新高。 日前，在神木市店塔镇的供港澳活牛饲养场，一头头健壮的秦川牛经专用平台登上货车，即将发往 香港。榆林海关关员现场监督装载。 ...

Core Viewpoint - Liao Yang aims to achieve high-quality development by solidifying its foundation and fully exerting efforts to keep pace with national and provincial development, transforming challenges into opportunities for modernization and economic growth [6][12]. Group 1: Economic Development Strategy - Liao Yang is focused on achieving a GDP exceeding 100 billion by the end of the current five-year plan, emphasizing the need for a consensus on the urgency of progress [7]. - The city plans to implement the central government's directives and provincial requirements, concentrating on high-quality development themes to enhance economic growth, innovation, cultural appeal, and regional collaboration [7][8]. Group 2: Infrastructure and Business Environment - The city will prioritize optimizing the business environment by improving enterprise satisfaction, simplifying approvals, reducing costs, and addressing inefficiencies to make business operations easier [8]. - Liao Yang aims to foster a supportive ecosystem for businesses of all sizes, enhancing local enterprises' capabilities and attracting external investments [8]. Group 3: Urban and Rural Development - The city plans to improve living conditions by developing high-quality housing, communities, and urban areas, while also addressing rural modernization to enhance infrastructure and services [9]. - Efforts will be made to ensure that public services in education, employment, and healthcare meet the needs of the population, thereby enhancing overall well-being [9]. Group 4: Industrial and Project Development - Liao Yang will focus on industrial upgrades by leveraging local resources and opportunities in emerging sectors such as low-altitude economy and aerospace [10]. - The city intends to align project planning with national policies to increase the success rate of project implementation, ensuring high-quality projects support economic growth [10]. Group 5: Consumer Activation and Reform - The city will capitalize on opportunities to integrate culture, tourism, and sports to stimulate consumer spending, particularly in sectors like senior economy and winter sports [10]. - Liao Yang plans to address systemic issues in its economic structure through targeted reforms that enhance investment and economic activity [10]. Group 6: Open Cooperation - The city aims to deepen cooperation within the Shenyang metropolitan area and enhance cross-border trade, focusing on attracting people, goods, and capital to boost economic activity [10].

门源油菜花海。资料图片 18岁的他在北山乡沙沟脑村的小作坊里，守着燃煤的铁锅翻炒菜籽，一天下来只能榨出几十斤油，满脸煤灰 不说，油价还得看收购商脸色。 改变，始于"十四五"的春风吹进门源油菜地。 产业升级的浪潮里，门源县以政策扶持、技术改造补贴为助力，推动油菜加工从小作坊向规模化转型，我也 在这时迎来了属于自己的黄金时代。靳正峰受聘来到香满金门源公司，成了现代油脂加工线上把控品质的"关 键先生"。当政府技改补贴引入的全自动高原冷榨生产线运抵厂区，我看着他围着这个"铁家伙"转了一圈又一 圈，回家时轻轻拍了拍陪伴自己20多年的老式榨机，满是不舍却又满怀期待。 如今，我们的生产车间明亮洁净，恒温恒湿。靳正峰不再需要赤膊挥汗，控制台成了他的新"战场"，可那双 辨火候的"火眼金睛"，仍是精密仪器无法替代的坚守。"如今大不一样喽！"靳正峰看着金灿灿的我汩汩流 出，语气里满是自豪，"用天然气，受热均匀，油质更纯、更亮。这门源油，总算能以它本来的金色面貌，走 向全国了。" 油香四溢。本报记者 刘程锦 摄 本报记者 刘程锦 我是一滴菜籽油，诞生于海北藏族自治州门源回族自治县的青海香满金门源粮油食品有限公司，身上藏着高 原的清风 ...

但咱们关起门来说点大实话，这事儿要是真这么简单，坐在那栋大楼里管外汇的几百个顶尖聪明人，难道还不如咱们这帮在手机屏幕前敲键盘的懂行？这里 面不仅不是阴谋，反而是一个让人特别难受的阳谋，是那种你明知道坑在哪，还得硬着头皮往里踩的死局。 我问你个问题，你有没有发现，最近网上特别流行一种说法，觉得只要全世界都不买美债，美国立马就得完蛋，或者说我们手里的那些美元如果不买美债， 拿去买芯片、买矿产，咱们的高科技早就起飞了？ 我昨天刷到这几句话的时候，盯着屏幕愣了好一会儿，感觉这逻辑听着特别解气，像是咱们手里攥着美国人的命门，只要轻轻一捏，对方就得跪地求饶。 我查了一下美国财政部发布的最新国际资本流动报告，也就是那个TIC数据，现在外国投资者持有的美债大概是8万亿美元左右，而美国现在的国债总额已 经飙到了35万亿美元以上。 这说明什么？说明这所谓"全世界买美债"的大盘子里，外国人早就不是绝对的大头了，真正的大头是美国国内的机构和美联储自己。你说如果不买美债，美 国能不能印钱过日子？理论上能，美联储可以直接下场买，这叫债务货币化。 但为什么他们不敢敞开了印？因为印钱是有代价的。我也琢磨过，要是美联储真把这就剩下的大几万亿债 ...

Core Viewpoint - The Shenzhen Stock Exchange has initiated the "Quality and Return Dual Improvement" special action to enhance the quality of listed companies and increase investor returns, aiming to solidify the foundation for healthy capital market development [1] Group 1: Special Action Overview - The special action was officially launched in February 2024, with 471 companies disclosing their action plans by November 2025, focusing on enhancing core business awareness, improving innovation capabilities, and increasing investor returns [1][2] - The participating companies include 293 from the Shenzhen Component Index, 88 from the CSI 300 Index, and 82 from the ChiNext Index, collectively representing about 50% of the total market capitalization of the Shenzhen market [2] Group 2: Quality Improvement Paths - Companies are focusing on three main paths: deepening core business, advancing technological innovation, and ensuring regulatory compliance, which helps transform scale advantages into quality advantages [2] - For instance, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. is investing heavily in R&D and global expansion to enhance product sophistication and achieve breakthroughs in its digital transformation [2] Group 3: Enhancing Investor Returns - Companies are implementing various practical measures to convert quality improvements into tangible returns for investors, with dividends and share buybacks being key methods for enhancing shareholder returns [4] - Active involvement from controlling shareholders and management is crucial for stabilizing market confidence and increasing shareholder value [5] - Companies are also improving communication channels with investors to build trust and maintain close interaction through diversified and institutionalized mechanisms [5] - In the context of growing emphasis on sustainable development, companies are promoting ESG practices to deepen value creation [5][6]

Core Viewpoint - The Shenzhen Stock Exchange has initiated the "Quality and Return Dual Improvement" action in February 2024 to enhance the quality of listed companies and increase investor returns, establishing a solid foundation for the healthy development of the capital market [1] Group 1: Company Quality Improvement - As of November 2025, 471 companies in the Shenzhen market have disclosed their action plans for the dual improvement initiative, focusing on enhancing core business awareness, innovation capabilities, and investor returns [1][2] - Among the participating companies, 293 are part of the Shenzhen Component Index, 88 are included in the CSI 300 Index, and 82 are in the ChiNext Index, collectively representing about 50% of the total market capitalization of the Shenzhen market [2] - The companies are diversifying across 30 sectors, including electronics, power equipment, pharmaceuticals, and computers, indicating a broad and robust participation structure [2] Group 2: Paths to Quality Enhancement - Companies are focusing on three main paths: deepening core business, advancing technological innovation, and ensuring regulatory compliance [2][3] - In terms of core business, companies are driving internal growth through technological upgrades and expanding into new markets via internationalization [2] - Companies are also enhancing their governance structures and improving information disclosure quality to build a solid governance foundation [3] Group 3: Enhancing Investor Returns - Companies are utilizing dividends and share buybacks as key methods to enhance shareholder returns, with some companies establishing themselves as models for consistent returns [4][5] - Actions by major shareholders and management, such as share buybacks and commitments not to sell shares, are crucial for stabilizing market confidence and increasing shareholder value [5] - Companies are improving communication channels with investors to build trust, employing various methods to maintain close interaction and transparency [6] Group 4: Sustainable Development and ESG Practices - Companies are integrating ESG practices into their business processes and strategic decisions, promoting sustainable development while enhancing value creation [6]