Group 1 - The core viewpoint of the article highlights that China's Consumer Price Index (CPI) rose by 0.7% year-on-year in November, marking the highest increase since March 2024, primarily driven by a turnaround in food prices [1][2] - In November, food prices shifted from a year-on-year decline of 2.9% to an increase of 0.2%, contributing positively to the CPI by 0.04 percentage points [1] - Fresh vegetable prices saw a significant increase of 14.5% year-on-year after nine consecutive months of decline, while fresh fruit prices rose by 0.7% [1] Group 2 - The core CPI, excluding food and energy prices, increased by 1.2% year-on-year, maintaining a growth rate above 1% for three consecutive months [1] - Service prices and industrial consumer goods, excluding energy, rose by 0.7% and 2.1% year-on-year, respectively, indicating a recovery in consumer demand [1] - The expansion of domestic demand policies has positively impacted prices, with household appliances and clothing prices increasing by 4.9% and 2.0% year-on-year [1] Group 3 - On a month-on-month basis, the CPI decreased by 0.1% in November, primarily due to seasonal declines in service prices [2] - The chief economist of China Minsheng Bank noted that the year-on-year increase in CPI reflects a continuous recovery in consumer spending [2] - Looking ahead to 2026, it is anticipated that with the implementation of domestic demand expansion policies and improvements in market competition, prices may experience a moderate recovery [2]

Group 1: Economic Development and Planning - The proposal emphasizes the significant achievements during the "14th Five-Year Plan" and highlights the importance of the "15th Five-Year Plan" in the modernization process of Qinghai, indicating both opportunities and challenges ahead [1] - The focus is on building a modern industrial system that reflects Qinghai's characteristics and advantages, with a strong emphasis on the real economy and directions of intelligence, greening, and integration [2] Group 2: Energy and Environmental Initiatives - The proposal calls for the establishment of a new energy system that coordinates the development of wind, solar, water, hydrogen, and thermal energy, aiming to enhance green development and contribute to national carbon reduction and energy security [1] - It includes plans to optimize the provincial and inter-provincial grid structure and accelerate the construction of new energy transmission channels [1] Group 3: Industrial Cluster Development - The proposal outlines the goal of enhancing industrial clusters, particularly in the "Four Lands" initiative, focusing on the efficient use of potassium, lithium, and magnesium resources, and the development of a world-class modern salt lake industry [3] - It aims to create a clean energy industry cluster worth hundreds of billions, integrating various clean energy sources [3] Group 4: Infrastructure and Technological Advancements - The proposal stresses the need for a modern infrastructure system that integrates and optimizes layout structures, enhancing safety and sustainability [7] - It includes plans for the development of new infrastructure, such as 5G networks and the electrification of key railway projects [7] Group 5: Emerging and Future Industries - The proposal advocates for the cultivation of emerging industries, including new energy, new materials, and biomedicine, with a focus on innovation and large-scale application of new technologies [6] - It emphasizes the establishment of a growth mechanism for future industries and encourages venture capital investment [6]

记者丨周上祺 编辑丨李博 临近年底的厦门，海风依然温润。 人才流动数据支持了这一观察。厦门市统计局发布的2024年主要人口指标数据显示，厦门市常住人口已达535万人，较 上年增长0.43%，人口增幅位居福建省首位。分区来看，集美区以110.1万人的常住人口规模，继续稳居全市各区之 首。 一个更具结构意义的对比在于，厦门本岛（思明区与湖里区）的常住人口总和约为200万人。这意味着，仅集美一个区 的常住人口规模，已接近厦门本岛总人口的一半。这组数据清晰地表明，厦门的人口分布格局正在发生深刻变化，从 过去高度集中于岛内核心区，持续向岛外新兴城区扩散。 这座以"高颜值生态花园之城"闻名的城市，正站在一个关键节点。一面是冲刺2025年度GDP目标的动力与压力，另一 面则是如何将"网红"流量转化为"长红"发展实力的思考。 近日，厦门市委网信办、同安区委网信委联合主办"大厦之门 e鹭向新"2025网络全媒体厦门行活动，21世纪经济报道 记者随团深入探访了厦门科学城1号孵化器、古龙酱文化园、同安区美林街道后田社区等多个地方。记者观察到， 在"高颜值"的光环之下，厦门的发展逻辑正在发生深刻转变：从善用外在的"颜值"资本，转向深 ...

Core Viewpoint - The event held in Chengdu aimed to promote foreign investment opportunities and showcased the city's growing international connectivity and investment potential [1]. Group 1: Investment Opportunities - Chengdu's future industry fund has a total scale exceeding 100 billion yuan, focusing on "hard technology" industries and targeting seed, startup, and growth-stage companies [2]. - The fund has completed a total of 20 billion yuan in new fiscal contributions, 50 billion yuan in special bond investments, and 59 billion yuan in the transfer of existing funds since its launch [2]. - A total of 69 direct investment projects have been reserved, with 29 billion yuan already invested or planned for investment [2]. Group 2: International Connectivity - Chengdu has become a significant hub for international rail transport, with over 36,000 trains operated, making it the port with the highest number of operations in the country [2]. - The city has established connections with 126 cities abroad through international freight trains, enhancing its global trade network [1]. Group 3: Project Signings - Five projects were signed at the event, with a total amount exceeding 15 billion yuan, including significant investments in electronic information and biomedicine sectors [3]. - The Sichuan Investment Electronic Information Fund, with a total scale of 10 billion yuan, focuses on advanced manufacturing and strategic projects [3]. Group 4: Collaborative Initiatives - The "Chengdu Global Investors Circle" was launched to establish a flexible communication mechanism and enhance collaboration between global investors and local enterprises [4]. - The initiative aims to create a robust project database for quality enterprises in Chengdu and a global investor database [4].

党的二十届四中全会提出，保持制造业合理比重，构建以先进制造业为骨干的现代化产业体系。随着经 济社会的快速发展，传统制造业面临的同质化竞争、附加值偏低等现实困境愈加凸显。作为底蕴深厚的 老牌工业城市，广东佛山通过系统性重构产业格局，推动传统制造业转型升级，打造更具竞争力的现代 化产业体系，迈向创新涌动的新型智造强市，为同类城市提供了可借鉴的路径。 "大规模柔性化定制"重新定义家具制造，陶瓷机械国产化加速推进……当前，一场以科技创新为核心的 产业变革正在广东佛山市全面铺开，为区域经济社会发展注入全新活力。 这场产业变革背后，是近年来佛山锚定"三箭齐发"战略重塑产业格局的不懈努力——以"传统产业转型 升级、新兴产业发展壮大、未来产业培育布局"为核心，通过政策引领、数字赋能、创新驱动，构建更 具竞争力的现代化产业体系，加快从"制造大市"向"智造强市"跃升。 近日，记者深入佛山制造业一线走访调查，看佛山如何不断夯实制造业基础、做强实体经济，持续提升 产业创新能级。 画好升级"施工图" 从手工业重镇到现代智造高地，佛山这座拥有百年制造基因的城市，已生长出泛家居、装备制造等11个 千亿元级产业集群，陶瓷、冰箱、铝型材、酱油 ...

Group 1 - The core viewpoint emphasizes the importance of indices in understanding trends and unlocking opportunities in China's economy, highlighting the steady growth of manufacturing investment and the construction of a modern industrial system during the "14th Five-Year Plan" period [1] - The "China Innovation Index" continues to improve, reflecting the robust vitality of new economic drivers in China [1] - The report from the Xinhua Index Research Institute discusses the acceleration of the opening process in emerging markets, with China leveraging its large market and industrial capabilities to inject lasting momentum into regional prosperity [1] Group 2 - The green economy is showing a clear trend towards high-quality development, with one-third of the country's electricity now generated from renewable sources, supporting emerging industries like artificial intelligence [2] - Inner Mongolia's modern energy economy development index is projected to grow by 24.21% year-on-year in 2024, indicating strong growth in the renewable energy sector [2] Group 3 - China has become the world's largest producer and user of new materials, with rare earth materials expanding their applications across various industries, including robotics and low-altitude economy [3] - The price index for rare earth materials is expected to show moderate growth by the end of 2025, indicating a positive market outlook [3] Group 4 - The "people-centered" approach is driving industrial evolution, with new consumption trends focusing on cultural, health, and aging economies [4] - The digital cultural industry is projected to account for nearly 5% of GDP by 2024, becoming a significant engine for economic growth [4] Group 5 - The silver economy is rapidly expanding, with an average annual growth rate of 15.27% since 2022, indicating significant opportunities in this sector [5] - The pet economy is also growing, with the global pet food market expected to reach $146.73 billion in 2024, and China's market ranking third globally [5] Group 6 - The "she economy" is projected to reach a consumption scale of approximately 10 trillion yuan in 2024, with over 8.3 million related enterprises, highlighting the economic contributions of women [6] Group 7 - The establishment of a unified national market is crucial for high-quality development, with data indices playing a key role in market operations [7] - The potato price index is helping to establish a pricing benchmark for the national market, enhancing regional market influence [7] Group 8 - The release of the first industry standard for the specialty agricultural product price index marks a significant step towards standardized development in this sector [8] Group 9 - Indices serve as digital business cards that enhance the value of regional brands, linking cultural heritage with modern industry [9] - Cities like Yan'an are leveraging their unique cultural identities to strengthen their economic foundations and enhance their global presence [9] Group 10 - The Xinhua Index is deeply integrated into global initiatives, helping to enhance China's international influence and showcase development opportunities [10] - The index acts as a "translator" for China's stories, aiming to resonate globally and promote high-quality development [10]

Core Viewpoint - The article emphasizes China's commitment to maintaining economic stability and growth amidst global challenges, highlighting the importance of domestic demand and international cooperation in enhancing global trade and investment [2][3]. Group 1: Economic Strategy - China aims to expand domestic demand as a strategic foundation, promoting interaction between consumption and investment, and enhancing the reliability of domestic circulation [2]. - The country plans to advance a modern industrial system focusing on intelligence, greenness, and integration, while strengthening industrial cooperation with other nations to improve global supply chains [2]. Group 2: International Cooperation - China expresses strong support for a UN-centered international system and multilateralism, seeking to enhance cooperation with the World Bank in areas such as knowledge sharing and RMB loans [3]. - The country is committed to supporting the IMF's operations in Shanghai and promoting quota reforms to assist low-income countries [3]. - There is a willingness to collaborate with the UN Conference on Trade and Development in fields like green minerals, digital economy, artificial intelligence, and low-carbon transition [3]. Group 3: Global Economic Impact - The achievements of China in recent years are recognized as significant contributions to global economic growth, with the "14th Five-Year Plan" expected to provide valuable certainty and strong momentum for the world economy [3]. - There is a collective appreciation for China's long-term support for the development of the Global South, with a focus on enhancing policy communication and cooperation in trade, investment, and green development [3].

据新华社，12月9日，国务院总理李强在北京分别会见来华出席"1+10"对话会的世界 银行行长彭安杰、 国际货币基金组织总裁格奥尔基耶娃和联合国贸发会议秘书长格林斯潘。 李强表示，近年来，受地缘 政治动荡加剧、国际经贸限制措施增多等影响，全球贸易投资走势低迷，产业链供应链碎片化风险上 升，很大程度拖累了世界经济增长。在这样的形势下，中国经济稳健前行，始终坚持以自身所能，为世 界经济注入确定性、稳定性。"十五五"时期，中国经济将持续向好。我们将坚持扩大内需这个战略基 点，促进消费和投资、供给和需求良性互动，增强国内大循环的内生动力和可靠性。我们将以智能化、 绿色化、融合化为方向，推进建设现代化产业体系，并同更多国家加强产业对接合作，推动全球产业链 供应链不断提质增效。我们将实施更加积极的宏观政策，从市场关切出发，更好发挥财政政策、货币政 策作用，保持经济增长在合理区间。我们将继续向世界开放自身超大规模市场，同各国分享发展机遇， 并通过加强对话沟通妥处经贸摩擦，更好实现互利共赢。 李强指出，中方坚定支持以联合国为核心的 国际体系，支持各国际经济组织工作，愿推动各方一道落实四大全球倡议，践行真正的多边主义，推进 平等 ...

【导读】明年经济工作坚持"稳中求进、提质增效"总基调，为"十五五"规划开局注入强劲动 力 中国基金报记者 李树超 张玲 中共中央政治局12月8日召开会议，分析研究2026年经济工作。 受访专家表示，会议强调明年经济工作坚持"稳中求进、提质增效"总基调，兼顾了短期稳增 长与中长期高质量发展。同时，宏观政策、扩大内需、创新驱动等多方面协同发力，将为"十 五五"规划开局筑牢根基，更好推动我国经济高质量发展。 亮点1：紧扣"稳中求进、提质增效"总基调 为"十五五"规划开局夯实基础 会议强调明年经济工作要坚持"稳中求进、提质增效"的总基调，"实施更加积极有为的宏观政 策""持续扩大内需、优化供给"，并将"内需主导，建设强大国内市场"放在八大任务首位。 上海金融与发展实验室首席专家、主任曾刚表示，此次宏观政策表述紧扣"稳中求进、提质增 效"总基调，既延续了政策的连续性，又根据"十五五"规划开局需求作出优化，凸显了宏观治 理的稳健性与针对性；同时，政策强调"提质增效"与"治理效能"，说明宏观调控不再单纯追 求总量扩张，而是兼顾短期稳增长与中长期高质量发展，为"十五五"规划开局夯实基础。 中国银河宏观认为，从总的政策基调来看 ...

[Table_Title] 策略研究|策略深度报告 关注"十五五"产业布局的重点方向 [Table_ReportType] ——策略深度报告 [Table_ReportDate] 2025 年 12 月 09 日 | | | | 分析师: [Table_Authors] | 宫慧菁 | | --- | --- | | 执业证书编号： | S0270524010001 | | 电话： | 18028875418 | | 邮箱： | gonghj@wlzq.com.cn | [Table_ReportList] 相关研究 A 股市场投资风格出现切换 A 股三季报盈利能力延续修复 基金配置集中度提升 证 券 研 究 报 告 [Table_RightTitle] 策 略 深 度 报 告 策 略 研 究 ⚫ "十五五"规划建议为产业发展指明方向："十五五"时期 是我国基本实现社会主义现代化夯实基础、全面发力的关 键时期。《建议》将"建设现代化产业体系"作为牵引高质量 发展的首要任务。与"十四五"规划相比，《建议》中现代化 产业体系的内涵更为丰富。三大方向为坚持"智能化、绿色 化、融合化"发展。四项重点任务为优化提升传统 ...