（文章来源：新华社） 12月31日，国务院台办举行例行新闻发布会。发言人张晗表示，新版鼓励外商投资产业目录，聚焦科技 创新和发展新质生产力，彰显了我们扩大高水平对外开放的坚定决心，引导更多外资投向先进制造业、 现代服务业以及中西部地区、东北地区、海南省，将为台商台企在大陆投资兴业、转型升级提供有力动 力。我们将助力台商台企把握"十五五"规划制定实施的时代机遇，鼓励支持两岸企业深化产业链供应链 合作，在新一轮改革开放大潮中实现更好发展。 ...

Group 1 - The Shanghai Municipal People's Congress passed four regulations, including those related to the development of offshore bond business in the Pudong New Area and the promotion of the cruise economy [1] - The meeting reviewed reports on the implementation of the 14th Five-Year Plan and the drafting of the 15th Five-Year Plan, focusing on accelerating the construction of "five centers" [1] - The meeting also discussed the progress of urban and rural planning for 2025 and the implementation of public service projects for the same year [1] Group 2 - Huang Lixin emphasized the importance of the meeting in the context of implementing the spirit of the 20th Central Committee and the significant speech by General Secretary Xi Jinping [2] - The focus is on enhancing the role of the People's Congress in supporting the successful start of the 15th Five-Year Plan and ensuring the city's development aligns with national strategies [2] - The meeting highlighted the need for continuous improvement in the quality of work within the Shanghai People's Congress and the preparation for the upcoming municipal congress [2] Group 3 - The meeting included personnel appointments and removals, such as the appointment of Zhang Tingting and Fei Jian as members of the Legal Committee of the 16th People's Congress [3] - Other notable appointments included Gao Yun as the Deputy Director of the Finance and Economics Committee and Liu Jing as the Chief Prosecutor of the Third Branch of the Shanghai People's Procuratorate [3] - The meeting also approved the removal of several officials from their respective positions within the municipal and district procuratorates [3]

Economic Development - The city is focused on high-quality development and accelerating the construction of the "Five Centers" while ensuring stable growth, transformation promotion, and risk prevention [1] - The government aims to enhance consumer spending and implement special actions to boost consumption, alongside increasing the supply of quality goods and services [1] - There is a commitment to maintain reasonable growth in investment, combining investments in physical assets and human resources to improve investment efficiency [1] Infrastructure and Urban Development - The city plans to advance the construction of a modern infrastructure system, enhancing safety and resilience to better support development and address shortcomings [2] - High-quality urban renewal actions will be undertaken, including the transformation of old buildings and villages, to improve urban living conditions [2] - Efforts will be made to create a harmonious environment between humans and nature, focusing on environmental protection and beautification initiatives [2] Employment and Social Services - The government is dedicated to promoting high-quality and sufficient employment while addressing structural employment issues through education and training [2] - There is a focus on optimizing services for the elderly and children, aiming to build an age-friendly society and a child-friendly city [2] Planning and Governance - The city is preparing for the "14th Five-Year Plan" conclusion and the "15th Five-Year Plan" initiation, emphasizing the importance of unified thought and consensus among the municipal government and the People's Congress [3] - The government is committed to deepening high-level reform and opening up, as well as fostering new productive forces [3]

昨天（12月30日），苏州市第十七届人大常委会举行第二十五次会议。会议决定，苏州市第十七届 人民代表大会第五次会议于2026年1月26日至29日在苏州召开。市人大常委会主任李亚平主持会议。 会议表决通过了《苏州市客运出租汽车管理条例》、《苏州市中小学生心理健康促进条例》、关于 召开市十七届人大五次会议的决定、市十七届人大五次会议建议议程和建议日程、市人大常委会工作报 告（稿）、关于个别代表的代表资格的报告、人事免职事项，补选江苏省第十四届人民代表大会代表。 会议学习贯彻党的二十届四中全会精神，强调要持续学习宣传全会精神，扎实做好当前工作，统筹 谋划明年工作，更好助力"十四五"圆满收官、"十五五"良好开局。 市人大常委会领导吴晓东、沈国芳、黄靖、陈嵘、蔡绍刚、陈正峰出席会议。副市长刘博、市中级 法院院长刘建功，市监委、市检察院负责同志，市有关部门主要负责同志等列席会议。 会议听取审议了副市长查颖冬作的关于2025年度苏州市民生实事项目实施情况的报告，开展了民生 实事项目实施情况工作评议。2025年年初，市人代会票决确定了32项民生实事。目前，32项民生实事已 全面完成年度目标任务。从评议结果来看，常委会组成人员 ...

Core Insights - The "14th Five-Year Plan" period prioritizes the construction of a modern industrial system, marking a strategic shift from single-point technological breakthroughs to systematic industrial upgrades [6][19]. - The new energy industry is transitioning from a focus on installed capacity to building a "source-grid-load-storage" collaborative system, emphasizing dynamic balance between production and consumption [7]. - The aerospace sector is developing a dual-driven model of national engineering and commercial space, with large aircraft industrialization and commercial space driving the scale and capability of the industry chain [8]. - Future industries such as 6G and quantum technology place China in the global leading tier of R&D, aiming to seize the high ground in technology standards and industrial ecosystems through forward-looking layouts [9]. - The transformation of traditional industries emphasizes not only greening and intelligentization but also explicitly promotes "service-oriented manufacturing," guiding the manufacturing sector to extend services throughout the product lifecycle [10]. Group 1: Modern Industrial System - The construction of a modern industrial system is the primary task of the "14th Five-Year Plan," highlighting its core position as a foundation for new era development [19][20]. - The modern industrial system consists of three parts: upgrading traditional industries, developing emerging pillar industries, and strategically laying out future industries [20]. Group 2: Emerging Pillar Industries - The cultivation of emerging pillar industries is positioned as the strategic core of the modern industrial system, providing a strong new growth engine for high-quality development [23]. - Key emerging pillar industries include new energy, new materials, aerospace, and low-altitude economy, which are expected to drive explosive growth in multiple trillion-level markets [23]. Group 3: New Energy - The new energy sector has evolved into a comprehensive ecosystem encompassing "production, storage, transmission, and application," with a strategic significance in ensuring national energy security and achieving carbon neutrality [24]. - As of the end of 2024, China's cumulative installed capacity of new energy reached 1.41 billion kilowatts, maintaining a global leading position [25]. - The annual new installed capacity during the "14th Five-Year Plan" period is expected to remain around 30 million kilowatts [25]. Group 4: New Materials - The new materials industry in China has rapidly grown, with total output value exceeding 8 trillion yuan in 2024, but still faces structural challenges with about 30% of key high-end materials relying on imports [34]. - Significant breakthroughs are being made in various fields, including third-generation semiconductor materials and high-end alloys for aerospace applications [39]. Group 5: Aerospace - The aerospace sector has formed a dual-driven model of national major projects and commercial markets, with the C919 large aircraft and commercial space rapidly developing [42]. - The market size of China's aerospace manufacturing industry is expected to reach 601.7 billion yuan by 2025, with a compound annual growth rate of approximately 14.05% [42]. Group 6: Low-altitude Economy - The low-altitude economy, driven by various manned and unmanned aerial vehicles, is expected to reach a scale of 505.95 billion yuan in 2023, with a year-on-year growth of 33.8% [50]. - The market is projected to exceed 1 trillion yuan by 2026, with a compound annual growth rate of approximately 29.6% from 2021 to 2026 [50]. Group 7: Future Industries - Future industries represent cutting-edge technological and industrial development directions, including quantum technology, biomanufacturing, hydrogen energy, and brain-computer interfaces [61]. - The quantum technology sector is expected to grow significantly, with the industry scale projected to reach approximately 80 billion USD by 2024 and potentially near 1 trillion USD by 2035 [64].

Core Viewpoint - The "14th Five-Year Plan" outlines strategic opportunities and challenges for China's economic and social development, emphasizing high-quality growth and a focus on various key sectors [2][3]. Economic Opportunities - The plan identifies numerous new opportunities, including the development of a modern industrial system and the strengthening of the real economy, with specific mentions of sectors such as mining, metallurgy, chemicals, and advanced technologies [3]. - The goal is to achieve significant results in high-quality development, with economic growth maintained within a reasonable range and an increase in domestic consumption driving economic growth [2][3]. Economic Challenges - Challenges include unbalanced development, insufficient effective demand, and pressures on employment and income growth, which need to be addressed to convert challenges into opportunities [4]. - The plan sets a target for per capita GDP to reach the level of moderately developed countries by 2035, requiring an average annual GDP growth of approximately 4.17% from 2025 to 2035 [4]. Consumer Income and Spending - The plan aims to increase residents' income through various channels, including wage, operational, property, and transfer income, with a focus on enhancing the share of labor remuneration in national income distribution [7][11]. - There is an emphasis on improving the structure of income distribution to promote a more reasonable allocation of income among residents [7]. Investment and Consumption - The plan suggests that increasing government spending on social welfare and implementing direct consumer support policies will enhance residents' consumption capacity [8][11]. - The importance of stabilizing the stock market to increase residents' property income and subsequently boost consumption is highlighted [14]. Capital Market Development - The stability of the capital market is crucial for enhancing investor confidence and ensuring sustainable income growth, which in turn affects consumer behavior [14][15]. - Encouraging long-term funding sources for technological innovation is essential for fostering a robust capital market and supporting economic growth [15][18]. Technological Innovation and Global Competitiveness - The plan emphasizes the need for China to cultivate high-quality listed companies with international competitiveness, particularly in the technology sector, to participate in global competition [18]. - The focus is on creating a favorable investment environment for companies to grow and attract long-term capital into the market [18].

这不仅是一组组数据的跃升，更是一场关乎产业格局、经济动能、全球竞争力的深刻变革。当下的每一 项技术突破、每一次产业升级、每一笔资本投入，都在书写中国经济的新叙事——以创新为核心密码， 以新兴产业为核心载体，中国正在全球产业链、价值链中抢占更高位置，为下一个周期的持续增长注入 源源不断的澎湃动能。而这，正是理解当前中国经济转型与资产价值重估的关键所在。 历史的车轮滚滚向前，经济的浪潮始终向着创新的方向奔涌。"十五五"规划建议将"建设现代化产业体 系，巩固壮大实体经济根基"摆在战略任务的第一条，明确提出"培育壮大新兴产业和未来产业"，为未 来五年发展锚定方向。当中国经济转型不断深入，传统增长动能平稳换挡，新兴产业与未来产业的加速 崛起恰是对"十五五"规划方向的精准呼应，以战略性新兴产业为支撑、未来产业为先导的新增长极逐步 成型，凭借持续加码的研发投入、多点爆发的赛道活力、全球领先的技术突破，重塑中国经济的核心竞 争力。 ...

中央经济工作会议12月10日至11日在北京举行。这是在"十四五"即将圆满收官、"十五五"即将开启的重 要历史节点上党中央召开的一次十分重要的会议。 怎样看待今年和"十四五"时期我国经济社会发展取得的重大成就？会议释放出做好明年经济工作哪些重 要信号？如何贯彻落实好会议决策部署，确保"十五五"开好局起好步？ 新华社12月30日推出第二十七期"中国经济圆桌会"大型全媒体访谈节目，邀请国务院研究室社会司司长 刘日红，中国财政科学研究院院长杨志勇，国家发展改革委宏观经济研究院研究员刘志成，中国民间商 会副会长、依文集团董事长夏华，共话贯彻落实中央经济工作会议精神，奋力实现"十五五"良好开局。 深刻认识发展成就 准确理解规律性认识 2025年是很不平凡的一年。以习近平同志为核心的党中央团结带领全党全国各族人民迎难而上、奋力拼 搏，坚定不移贯彻新发展理念、推动高质量发展，统筹国内国际两个大局，实施更加积极有为的宏观政 策，经济社会发展主要目标将顺利完成。 中国经济顶压前行、向新向优发展，现代化产业体系建设持续推进，改革开放迈出新步伐，重点领域风 险化解取得积极进展，民生保障更加有力……会议指出，过去5年，我们有效应对各种 ...

善于识变应变求变，于变局中稳大局、开新局，是我们党领导人民战胜一切风险挑战、牢牢把握战略主 动的重要方法。 2026年我们将迎来"十五五"开局之年。党的二十届四中全会深刻把握世界大势和时代潮流，就"十五 五"时期我国发展面临的环境作出重大判断，对事关全局的战略任务进行顶层设计和战略擘画。全会审 议通过的"十五五"规划建议，事关我国未来5年发展的新蓝图，是以习近平同志为核心的党中央发扬历 史主动精神的重要体现，是我们党准确识变、科学应变、主动求变的实践成果，为我们掌握主动、赢得 未来提供了重要遵循。 确保"十五五"开好局、起好步，一个重要方面就是增强识变应变求变的自觉和本领，以历史主动精神克 难关、战风险、迎挑战，奋力开创中国式现代化建设新局面。 （一） 正确判断形势是科学决策的重要前提。 习近平总书记指出，"正确认识党和人民事业所处的历史方位和发展阶段，是我们党明确阶段性中心任 务、制定路线方针政策的根本依据"。 从直面"三期叠加"的复杂局面，作出我国经济发展进入新常态的判断，到把握结构失衡、环境污染等粗 放发展问题，明确我国经济已由高速增长阶段转向高质量发展阶段……新时代以来，党中央准确把握大 局大势，在关 ...

Group 1 - The "2025 Financial Conference" focused on the theme of "New Starting Point, New Momentum, New Journey," gathering over 100 experts and 500 financial institutions to discuss macroeconomics, capital markets, and technological trends [1][3] - Zhang Bin, Chairman of Financial界 Group, emphasized that 2026 will be a pivotal year for China's economy, marking a transition from low inflation to a new equilibrium [1] - The conference highlighted the importance of the "14th Five-Year Plan" in achieving a 5% economic growth target, with China's economy expected to exceed 140 trillion RMB by 2025 [6] Group 2 - Liang Tao, former Vice Chairman of the China Banking and Insurance Regulatory Commission, stated that the insurance industry should play a role as "patient capital" by supporting technology enterprises through specialized investment funds [8] - Chen Wenling identified seven international risks that need to be monitored, including economic bubbles, geopolitical tensions, and public health events [11] - The conference discussed the need for a modern industrial system to strengthen the real economy, with insights from various industry representatives on promoting high-quality development [12] Group 3 - Experts like Zhang Jingjing believe that the "15th Five-Year Plan" will usher in a golden era for China's economy and capital markets, with foreign investment expected to increase [27] - The banking sector is seen as crucial for financing efficiency and market resilience, with discussions on how financial institutions can adapt to support economic growth [20][28] - Jiang Xiaojun emphasized the need for the financial industry to accelerate its market-oriented, digital, and international transformation to seize opportunities in technological innovation [30]