Core Insights - Zunyi City is set to launch over 300 consumer promotion activities in 2026, focusing on the theme "Enjoy Zunyi, Experience Four Seasons" to stimulate consumption and create a vibrant consumer atmosphere [1][5] - The city aims to integrate cultural, commercial, sports, and tourism sectors, promoting seasonal activities that cater to various consumer interests throughout the year [1][3] Group 1: Seasonal Activities - The planned activities will include spring tea tasting and flower viewing, summer cooling and night economy events, autumn themed around harvest with liquor festivals, and winter focusing on New Year and Spring Festival goods [1][3] - Each season will feature discounts and consumer vouchers to ensure continuous benefits for the public [1][3] Group 2: Alcohol Industry Focus - Zunyi will promote a shift from selling liquor to selling lifestyle experiences, enhancing the development of unique wine estates and food streets [3] - The city will implement a series of promotional activities under the "Wine+" initiative, aiming to expand the market for Zunyi's liquor products [3] Group 3: Community and Digital Initiatives - New "neighborhood centers" will be established to enhance community convenience and support family-oriented services, including elderly-friendly products during festive promotions [3] - The city plans to collaborate with major e-commerce platforms to host online shopping events, aiming to cultivate over 100 online products and conduct more than 20 promotional activities [3] Group 4: Funding and Events - Zunyi has allocated 12 million yuan to kick off the "Enjoy Zunyi, Warm Winter" cross-year consumer promotion series, featuring both online and offline events [5] - Activities include a New Year's Eve celebration, food festivals, and themed street openings, with various consumer vouchers available across multiple sectors [5] Group 5: Economic Impact - The initiatives are designed to attract crowds, enhance engagement through integrated experiences, and provide tangible benefits to citizens, ultimately stimulating economic growth in Zunyi [5]

Core Insights - Shandong Energy Group's Yanzhou Coal Mining Company (600188) has achieved record high production in its chemical sector, with expected profits increasing by 1.75 billion yuan year-on-year, effectively countering market pressures in the coal industry [1] Group 1: Safety and Operational Efficiency - Safety is prioritized in chemical production, with a focus on building a "leak-free factory" and a comprehensive risk prevention system, resulting in a 15% reduction in operational disruptions [2] - The operational quality of key production units has improved significantly, with a record 246 days of continuous operation for a gasification furnace and cost savings of 3.65 million yuan per day from optimized boiler operations [2] Group 2: Technological Upgrades and Cost Reduction - The company completed 32 key technological upgrades, generating 62.5 million yuan in immediate benefits, with projected annual benefits of 236 million yuan once fully operational [4] - Specific projects, such as the methanol distillation energy-saving upgrade, have led to reduced production costs and significant financial gains [4] Group 3: Project Acceleration and Future Growth - Major construction projects are progressing ahead of schedule, including an 800,000-ton/year olefin project and a 60,000-ton/year formaldehyde project, laying the groundwork for future growth [5] - Catalyst management improvements have resulted in extended usage periods and increased production efficiency, contributing to cost savings [5] Group 4: Collaborative Innovation and Digital Transformation - The company has enhanced its coal-chemical integration strategy, achieving a 92.1% internal coal usage rate, an 18.1% increase from the previous year [7] - Investment in R&D reached 776 million yuan, with 29 projects implemented, leading to significant advancements in product quality and international market expansion [7] - Digital transformation initiatives have improved operational efficiency, with systems in place that enhance production stability and reduce costs [8]

Project Overview - Air Liquide Engineering & Construction (E&C) is focused on providing proprietary technology solutions for processing facilities and related infrastructure globally, covering areas such as hydrogen and nitrogen production, cryogenics, syngas, petrochemicals, LNG, and oleochemicals, showcasing its extensive industry influence and technical strength [1] Project Goals - Air Liquide E&C has been selected to construct the Godrej II project in Gujarat, India, which includes two oleochemical production facilities: a fatty acid separation distillation plant with a daily capacity of 120 tons and a glycerin distillation bleaching plant with a daily capacity of 35 tons. Both facilities utilize advanced Lurgi technology, producing high-purity products applicable in food, cosmetics, detergents, surfactants, and pharmaceuticals [2] Challenges Faced - The Godrej II project posed significant challenges, including the need to design and deliver over 58 complex pieces of equipment within a tight 12-14 month commissioning timeline, demanding high efficiency and expertise from the team. Additionally, it marked the team's first experience in designing heat exchangers, requiring rapid mastery of new technologies to ensure design accuracy and reliability. The absence of advanced automation tools could lead to human errors, resulting in costly rework and project delays [4] Solutions Implemented - To address these challenges, Air Liquide E&C opted for PV Elite software, which integrates comprehensive design standards and advanced automation tools, enabling engineers to provide optimal design solutions in a short timeframe, significantly enhancing work efficiency and design quality. The software facilitated rapid and precise completion of tower lifting analyses and the design of heat exchangers that met specific project requirements, often exceeding conventional TEMA classification standards [4] Achievements - With the support of PV Elite, Air Liquide E&C successfully completed all design calculations and generated mechanical data sheets and other deliverables, improving overall project quality and execution efficiency. The use of PV Elite not only saved significant man-hours and reduced human errors but also avoided high costs associated with rework, making timely completion of tasks under tight deadlines feasible. Air Liquide E&C was also awarded the Drivers of Success award as the runner-up in the PV Elite category [6]

作者丨 杨婧雪 编辑丨 刘恒涛 图源 丨Midjourney 在创新药研发领域，临床试验一直是耗时最长、资金投入最大的环节之一。尽管早期药物发现阶段已经引入了人工智能（AI）筛 选、基因编辑等前沿技术，但在临床试验执行层面，依然保留着大量传统的线下人工作业模式，亟需数字化转型升级。 羚研创新是临床研发数字化这一赛道上的最先入局者之一。这家初创公司，主要业务方向是远程智能临床试验（DCT）平台及数 智化临床运营和内容服务。与行业巨头相比，羚研创新的切入点相对垂直，试图通过全流程整合的软件和AI服务的模式，解决临 床试验中因物理距离和人工操作带来的效率损耗。 跨界生物学+计算机 直击手工作业流程的顽疾 羚研创新创始人李高扬拥有生物学与计算机的复合背景，曾在拜耳、医渡科技等企业任职。在多年的从业经历中，他观察到医药 研发服务行业存在结构性的效率矛盾。 多项独立的国内外研究均表明，临床试验在药物研发总成本中占比50%-70%甚至更高。而在临床试验预算中，差旅、访视及现 场管理等人力成本，往往占据大部分比例。 而且主导临床试验服务的传统合同研究组织（CRO）服务商，大多采用按工时人力投入，并结合项目里程碑计费的商业模式 ...

Core Viewpoint - The company is committed to serving the real economy through digital transformation and innovative insurance solutions, significantly enhancing agricultural insurance and supporting local economic development [1][2]. Group 1: Technological Empowerment in Agricultural Insurance - The company has established a comprehensive "sky-ground" service system utilizing 3D pig face recognition, AI scoring, and satellite remote sensing technology [1]. - In areas like Huize and Fuyuan, the company has accurately identified 387 large-scale breeding farms using drones and AI algorithms, reducing the error rate in verification to below 0.5% and tripling the efficiency of claims investigation [1]. Group 2: Support for Specialty Agriculture - The company has introduced an "insurance + enterprise + farmer" model to support local specialty industries, such as the mushroom industry in Qujing [1]. - Following a wind disaster in spring 2025, the company quickly initiated tech-driven claims, completing damage assessments for mushroom greenhouses and providing compensation of 158,100 yuan to help farmers resume production [1]. Group 3: Comprehensive Risk Protection for SMEs - The company has provided a total of 42.6 billion yuan in comprehensive risk protection for small and medium-sized enterprises this year, alleviating financing pressures by 645 million yuan [1]. - The company is actively developing green finance and technology insurance, offering over 58.8 billion yuan in risk protection, and has provided 1.209 billion yuan in "safety responsibility insurance" for high-risk industries [1]. Group 4: Future Plans - The company plans to increase investment in agricultural insurance, expand coverage, and continue to deepen the "technology + insurance" service model to provide more comprehensive and convenient insurance services for the local economy and communities [2].

站在"十四五"圆满收官、"十五五"宏图待展的历史交汇点，云南铝业股份有限公司（以下简称"云铝股份"）以实干破局、以创新赋能，实现了从"跟 跑"到"并跑"再到"领跑"的跨越式蝶变，在铝工业高质量发展画卷中写下浓墨重彩的篇章。5年来，云铝股份深入贯彻中铝集团、中铝股份战略部署，锚定 高质量发展目标，推动产业结构、经营业绩、治理效能、创新能力、绿色转型全面跃升，以硬核实力扛起行业转型升级的"云铝担当"。 向上攀登 经营业绩画出"上扬曲线" 云铝股份的经营业绩曲线，是一条持续向上的漂亮弧线。该公司通过系统推进产业结构调整，精准补齐关键短板，提升上游资源保障能力，扩大中游规模 优势，推动下游产业链延伸，产业发展实现"量"的提升和"质"的飞跃。 从阳宗海畔的第一粒火种到云南省八大产业基地布局，云铝股份充分发挥链主企业优势，构建起"铝土矿—氧化铝—炭素制品—电解铝—铝合金及加工— 资源综合利用"一体化绿色产业链。"十四五"末，云铝股份形成氧化铝140万吨、电解铝308万吨、铝合金及铝加工产品161万吨、炭素制品82万吨的产能规 模，综合实力与抗风险能力显著提升。 向新突破 科技创新打造"硬核实力" 数字会说话，见证跨越式发 ...

Core Viewpoint - The Agricultural Bank of China Hainan Branch is actively supporting the development of the Hainan Free Trade Port through innovative financial services and strategic partnerships with the local government, enhancing the region's economic vitality and efficiency [1][2]. Group 1: Cross-Border Financial Innovation - The bank has adopted a "whole bank handles international business" approach, achieving average growth rates of 68% in international settlement volume, 67% in international business credit volume, and 200% in cross-border RMB business volume over the past three years [2]. - The bank launched the EF account, a multifunctional free trade account, with a business scale exceeding 6.5 billion yuan, facilitating cross-border capital operations [2]. - As a pilot bank for high-level cross-border trade openness, the bank has provided over 3.5 billion yuan in trade settlement services and supported cross-border investment of 5.31 billion yuan [2][3]. Group 2: Support for the Real Economy - The bank focuses on serving the real economy, with loans to four leading industries exceeding 33 billion yuan and a 71.12 billion yuan increase in county-level loans [4]. - In the agricultural sector, the bank reported loan growth rates of 80.99% for grain and 279.56% for seed industry loans, with a coverage rate of 68.28% for leading agricultural enterprises [4]. - The bank has issued 9.7 billion yuan in credit to 8,701 small and micro enterprises, and green finance loans have grown by 18.5% [4]. Group 3: Enhancing Consumer Services - The bank has aligned its financial support with consumption stimulation policies, providing convenient credit services in key consumer sectors such as automobiles and home appliances, resulting in personal loan and credit card loan growth rates of 11.21% and 42.93%, respectively [6][7]. - The bank has established 32 "trade union stations," with one recognized as the "most beautiful station" nationally, and has conducted over 17,000 consumer rights protection education activities in the past three years [7]. - The bank has developed online and offline services for social security cards, enhancing the financial service experience for talents in the Hainan Free Trade Port [7].

Core Insights - The industrial big data industry is a key enabling sector that leverages data as a core production factor, facilitating the release of data and information value in industrial economic activities. It encompasses the entire process from data collection, storage, processing, analysis to application, and is crucial for emerging fields like industrial internet and smart manufacturing [1][12]. Market Overview - The market size of China's industrial big data industry is projected to grow from 40 billion yuan in 2018 to 137.3 billion yuan by 2024, with a compound annual growth rate (CAGR) of 22.82%. By 2025, it is expected to reach 154.3 billion yuan [1][12]. - The growth is driven by the increasing demand for industrial big data in manufacturing, energy, and transportation sectors, alongside advancements in technologies such as big data, AI, edge computing, and real-time analysis [1][12]. Industry Policies - The government has implemented various policies to promote the development of industrial big data, including the "Digital Transformation Implementation Plan for the Electronic Information Manufacturing Industry" issued in May 2025, which emphasizes the integration of advanced computing, intelligent control, and big data technologies [5][6]. Industry Chain - The industrial big data industry chain consists of three segments: upstream (data visualization, data centers, cloud computing), midstream (industrial big data services), and downstream (application fields such as aerospace, medical devices, and new energy vehicles) [7][8]. Data Center Market - The data center market in China is expected to grow from 87.8 billion yuan in 2019 to 304.8 billion yuan by 2024, with a CAGR of 28.26%. This growth is supported by national policies promoting new infrastructure and digital transformation [9][10]. Industry Development Trends - The evolution of industrial big data will transition from descriptive analysis to decision-making intelligence, integrating edge computing and AI for real-time data processing and autonomous optimization [16]. - There will be a shift from data silos to value network integration, enabling trusted data sharing across the entire supply chain through technologies like privacy computing and blockchain [17]. - The focus will move from process optimization to the digitalization and reuse of industrial knowledge, creating standardized knowledge components that can be rapidly deployed across different production lines [18].

即将过去的2025年，世界经济面对美国加征关税冲击、地缘冲突持续与金融波动加剧等多重压力， 仍展现出坚韧底色，增长有望超过预期。然而，全球经济前景依然脆弱，贸易保护主义、人工智能(AI) 泡沫与债务压力如重重暗礁，随时可能阻滞复苏进程。展望2026年，世界经济需要在持续的不确定性中 寻找新平衡。 2025年，不同经济体增长呈现显著分化态势。国际货币基金组织(IMF)、世界银行、经济合作与发 展组织在各自的研究报告中不约而同地有所提及。 IMF在10月的《世界经济展望报告》中将全年经济增长预期上调至3.2%，但预计2025年美国经济增 速仅为2.0%，2026年可能进一步下滑至1.7%。欧元区与日本则面临外部需求疲软、结构改革停滞等长 期挑战，2025年增速分别维持在1.3%和1.1%的低位。 这一年，全球贸易在逆境中悄然重塑。世贸组织数据显示，2025年上半年，全球货物贸易量同比增 长4.9%，全年预期上调至2.4%。推动力不仅来自美国关税前的"囤货效应"，更得益于发展中国家间的 贸易扩张——亚洲贡献了全球贸易增量的主要份额，中国在电子产品、绿色产业等领域的出口韧性尤其 突出。 这种分化映射出全球经济格局的重 ...

Economic Overview - The global economy in 2025 is expected to show resilience despite challenges such as U.S. tariffs, ongoing geopolitical conflicts, and increased financial volatility, with growth projected to exceed expectations [1] - The International Monetary Fund (IMF) has raised its global economic growth forecast for 2025 to 3.2%, while the U.S. economy is expected to grow only 2.0% in 2025 and further decline to 1.7% in 2026 [1] - Emerging markets and developing economies are projected to be the main drivers of global growth, with a forecasted growth rate of 4.2% in 2025, particularly strong in ASEAN countries at 4.7% [1] Trade Dynamics - Global trade is undergoing a transformation, with a 4.9% year-on-year increase in global goods trade volume in the first half of 2025, and an annual forecast adjustment to 2.4% [2] - The growth in trade is attributed to both pre-tariff stockpiling in the U.S. and expanding trade among developing countries, with Asia contributing significantly to global trade growth [2] - The trade system faces deep challenges, including unilateral tariffs and geopolitical conflicts, which have created significant turmoil in the past 80 years [2] Technological and Green Transition - AI and green transitions are identified as dual driving forces for economic growth, with AI investments expected to boost global trade by 34% to 37% by 2040 [3] - However, there are risks associated with AI investments, which may resemble the internet bubble if returns do not meet expectations [3] - China's investments in renewable energy technologies have reduced global clean energy costs, with the penetration rate of new energy vehicles exceeding 50% [3] China's Economic Stability - China's GDP growth in the first three quarters of 2025 is reported at 5.2%, with the total expected to surpass 140 trillion yuan for the year, driven by consumption and manufacturing investment [4] - The country is enhancing its macroeconomic stability through policies aimed at high-level opening up and expanding cooperation, including the launch of the Hainan Free Trade Port [4] - China's focus on AI and biotechnology in its 14th Five-Year Plan is expected to provide market opportunities and technology transfer for developing countries [4] Future Outlook - The resilience of the global economy in 2025 is attributed to technological breakthroughs and the rise of emerging economies, with a need to find balance amid uncertainties in 2026 [4] - Potential market volatility may arise from trade policy disagreements, U.S. debt risks, and uncertainties in Japan's stimulus plans, but opportunities remain in AI applications and green technology [4]