国务院新闻办公室7月23日举行"高质量完成'十四五'规划"系列主题新闻发布会。公安部有关负责人介绍以高水平安全护航"十四五"规划高质量完 成有关情况，并答记者问。 ■我国是世界上命案发案率最低、刑事犯罪率最低、枪爆案件最少的国家之一，是世界公认的最安全国家之一 公安部分管日常工作的副部长亓延军表示，我国是世界上命案发案率最低、刑事犯罪率最低、枪爆案件最少的国家之一，是世界公认的最安全国 家之一。 ■"十四五"时期，全国较大道路交通事故较"十三五"同期下降34% 亓延军表示，"十四五"时期，公安机关强化排查整治道路交通、铁路、民航等重点领域安全隐患，全力保护人民群众生命财产安全，全国较大道 路交通事故较"十三五"同期下降34%。 ■"十四五"时期，交管便民措施减少群众办事成本1000多亿元 亓延军表示，"十四五"时期，驾驶证"全国通考"、小客车登记"一证通办"、驾驶证行驶证电子化等60余项交管便民措施全面落地，惠及群众60多 亿人次，减少群众办事成本1000多亿元。 ■2024年外籍人员来华3253.9万人次，其中免签入境2011.5万人次 亓延军表示，我国持续深化移民管理领域制度型开放，过境免签政策适用国家扩 ...

Group 1 - The core viewpoint emphasizes the role of public security agencies in ensuring a new security framework to support high-quality development during the "14th Five-Year Plan" period, contributing to economic growth and social stability [1] - During the "14th Five-Year Plan" period, there has been a significant decrease in criminal cases, with a projected 25.7% year-on-year decline in case filings for 2024, and a homicide rate of 0.44 per 100,000 people, making China one of the safest countries globally [1][2] - Public security agencies have maintained a strong crackdown on various crimes, including organized crime, telecom fraud, and economic crimes, with over 51,200 network crime cases and 492,000 economic crime cases resolved, recovering 122.65 billion yuan in economic losses [2] Group 2 - The public security sector has implemented measures to create a favorable environment for business development, addressing issues in law enforcement related to enterprises, with over 31,000 criminal law enforcement issues and 2,895 administrative law enforcement issues corrected [2] - Recent reforms have streamlined administrative processes, with nearly 100 million people benefiting from nationwide identity card services and over 60 billion instances of improved traffic management services, saving the public over 100 billion yuan in transaction costs [3] - The public security agencies plan to leverage technology such as mobile internet, artificial intelligence, and big data to enhance service efficiency and convenience for citizens, contributing to the development of the "15th Five-Year Plan" [3]

央广网北京7月23日消息（记者王逸群）据中央广播电视总台中国之声《新闻和报纸摘要》报道， 国务院新闻办公室22日举行高质量完成"十四五"规划系列主题新闻发布会，中国残联有关负责人介 绍，"十四五"时期，我国残疾人的保障水平和发展能力进一步提升，残疾人保障和发展规划明确的11项 主要指标将如期全面实现。 "十四五"期间，我国残疾人就业规模稳中有升，残疾人家庭年均纯收入持续增长，2020年至2023 年，年均增速超过6.9%，接受职业培训的残疾人超过217万人次。 中国残联主席程凯："十四五"期间，全国已经就业的残疾人达到901万，城乡新增残疾人就业累计 达到231万，三年行动计划也完成了164.8万。 在社会保障方面，残疾人参加城乡居民基本养老保险、基本医疗保险的参保率稳定在90%和95%。 截至2025年6月，残疾人两项补贴分别惠及1188.4万困难残疾人和1640万重度残疾人，残疾人社会保障 制度进一步完善。 程凯：改革完善社会救助制度，1050万残疾人纳入最低生活保障，调整特困供养救助对象范围。确 定低保边缘户及支出型困难人员的认定办法，受益残疾人超过200万。 在公共服务方面，残疾儿童义务教育入学率已经 ...

Group 1 - The core viewpoint of the article highlights the achievements in high-quality development during the "14th Five-Year Plan" period, particularly in consumption and foreign trade, showcasing China's robust market potential and innovative policies [1][2][5] Group 2 - The total retail sales of consumer goods (社零) in China is expected to exceed 50 trillion yuan this year, with an annual growth rate of 5.5% from 2020's 39.1 trillion yuan to a projected 48.3 trillion yuan in 2024 [2] - Approximately 400 million people have benefited from the "old-for-new" subsidy policy, which has stimulated consumption and improved living standards, leading to a retail sales increase of 2.9 trillion yuan [3] - The penetration rate of new energy vehicles has surpassed 50% in the first half of this year, with a projected growth of 5.4 times in ownership by 2024 compared to 2020 [3] Group 3 - The "China Tour" is being transformed into "China Purchase," with a significant increase in inbound tourist spending projected to reach 94.2 billion USD in 2024, reflecting a growth of 77.8% [4] - The retail innovation initiative is enhancing traditional business models, promoting the development of new consumption formats, and fostering the integration of digital consumption and quality e-commerce [4] Group 4 - Looking ahead to the "15th Five-Year Plan," the fundamentals of China's economy remain strong, with a focus on converting successful policies from the "14th Five-Year Plan" into long-term strategies to stimulate consumer spending [5]

今天，国务院新闻办举行高质量完成十四五规划系列发布会。中国残联有关负责人介绍，"十四五"期 间，全国已就业残疾人901.9万人，城乡新增残疾人就业累计达231万人。（央视新闻） ...

Core Insights - The Chinese government is accelerating the construction of its transportation system during the "14th Five-Year Plan" period, achieving significant milestones in high-speed rail, highways, and postal express networks [1][2] Transportation Infrastructure - The total railway operating mileage is expected to increase by approximately 16,000 kilometers by the end of 2024, with high-speed rail accounting for 10,000 kilometers of this increase [1] - The total length of highways will reach 5.49 million kilometers, an increase of about 290,000 kilometers, including an addition of 30,000 kilometers of expressways [1] - The number of ports with a capacity of over 10,000 tons will increase by 379, and the number of certified civil aviation transport airports will rise to 263, an increase of 22 [1] Civil Aviation Developments - The civil aviation sector has invested over 100 billion yuan annually in infrastructure during the "14th Five-Year Plan," with major airport clusters in Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macau, and Chengdu-Chongqing reaching significant development [2] - The total number of civil transport airports is expected to reach around 270 by the end of this year [2] Railway Operations - The current railway operating mileage has reached 162,000 kilometers, covering 99% of cities with populations over 200,000, and high-speed rail exceeds 48,000 kilometers, covering 97% of cities with populations over 500,000 [2] - The railway freight transport volume is projected to exceed 25 billion tons during the "14th Five-Year Plan," an increase of 5 billion tons compared to the previous plan [2] Postal and Express Services - The volume of express delivery services in China has grown from 83 billion items in 2020 to 175 billion items in 2024, with an average annual growth rate of around 20% [2] - China has maintained its position as the world's largest express delivery market for 11 consecutive years, with a peak daily collection volume of 729 million items [2]

Core Insights - The article highlights the significant achievements in China's transportation sector during the "14th Five-Year Plan" period, showcasing improvements in infrastructure, service efficiency, and technological advancements [1][2][3]. Infrastructure Development - By the end of 2024, the railway operating mileage is expected to reach 162,000 kilometers, an increase of approximately 16,000 kilometers from the end of the "13th Five-Year Plan," with high-speed rail accounting for 10,000 kilometers of this increase [2]. - The total length of highways will reach 5.49 million kilometers, an increase of about 290,000 kilometers, including an addition of 30,000 kilometers of expressways [2]. - The number of civil aviation airports has increased to 263, with 22 new airports established [2]. Service Efficiency - On average, 1.8 billion people travel across regions daily, and 1.6 billion tons of goods are transported each day [2]. - Urban rail transit operates approximately 11,000 kilometers, ranking first in the world, while urban public transport has expanded to 1.75 million kilometers, marking increases of 48.5% and 18.3% respectively since the end of the "13th Five-Year Plan" [2]. Technological Advancements - The introduction of advanced technologies includes the CR450 train set, the first domestically produced large cruise ship, and the C919 large passenger aircraft entering regular commercial operation [3]. - Over 4,000 kilometers of highways have undergone intelligent upgrades, and automated terminals are leading globally in construction scale and operational efficiency [3]. Public Transportation - In 2024, the passenger volume for high-speed trains is projected to reach 3.272 billion, accounting for 75.9% of total railway passenger traffic [3]. - Daily, approximately 1 billion people use urban rail for commuting, another billion use buses, and 1 billion utilize taxis and ride-hailing services, reflecting the resilience and capacity of urban transportation [3]. Rural Transportation - By the end of 2024, rural road mileage is expected to reach 4.64 million kilometers, establishing a basic network for rural transportation [4]. Cargo Transportation Growth - By 2024, air cargo and mail transport volume is projected to reach 8.982 million tons, a 32.8% increase compared to 2020 [4]. - The postal industry has seen revenue growth from 1.1 trillion yuan in 2020 to 1.7 trillion yuan in 2024, with an average annual growth rate of 11.3% [5]. - The volume of express deliveries has surged from approximately 83 billion items in 2020 to 175 billion items in 2024, reflecting an annual growth rate of around 20% [5]. Railway Cargo Transport - During the "14th Five-Year Plan," railway cargo transport is expected to exceed 25 billion tons, an increase of 5 billion tons compared to the "13th Five-Year Plan" [6]. - High-speed rail freight services have become routine, enabling rapid delivery of goods such as flowers and fruits across major cities [6].

Group 1 - The core viewpoint of the news is that significant progress has been made in building a strong transportation country during the "14th Five-Year Plan" period, with a comprehensive transportation system achieving historic milestones [1] - The construction of the national comprehensive three-dimensional transportation network has exceeded 90% completion, enhancing transportation capacity, service quality, and operational efficiency [1] - Key areas of focus include improved infrastructure networks, stronger strategic support, more efficient transportation services, advanced technological equipment, deeper open cooperation, and a more complete governance system [1] Group 2 - By the end of 2024, the railway operating mileage is expected to reach 162,000 kilometers, an increase of approximately 16,000 kilometers from the end of the "13th Five-Year Plan," with high-speed rail increasing by 10,000 kilometers [1] - The total length of highways is projected to reach 5.49 million kilometers, an increase of about 290,000 kilometers, including an increase of 30,000 kilometers in expressways [1] - Fixed asset investment in transportation during the first four years of the "14th Five-Year Plan" reached 15.2 trillion yuan, a year-on-year increase of 23.3% [1] Group 3 - Since the 18th National Congress of the Communist Party, over 4.9 trillion yuan has been invested in rural road fixed assets, with more than 1.2 trillion yuan allocated for maintenance [2] - By the end of 2024, the total length of rural roads is expected to reach 4.64 million kilometers, forming a basic rural transportation network [2] - The national railway fixed asset investment is expected to reach 4 trillion yuan during the "14th Five-Year Plan," effectively driving economic growth [2] Group 4 - The Civil Aviation Administration of China has set 14 development indicators for the "14th Five-Year Plan" period to promote the development of air logistics, focusing on scale, safety, intelligence, and quality [2] - By the end of 2024, there will be 13 cargo airlines and 268 cargo aircraft, an increase of 2 airlines and 82 aircraft compared to 2020 [2] - The international cargo market share of Chinese airlines has reached 44%, an increase of 4 percentage points year-on-year [2] Group 5 - The postal industry has prioritized high-quality development during the "14th Five-Year Plan," achieving significant results in reform and development [3] - The industry has seen continuous growth in operating entities and an enhancement in transformation and upgrading capabilities [3] - During the "14th Five-Year Plan," there are 8 listed companies in the postal industry, with two entering the global top 500 [3]

Core Viewpoint - The railway sector is experiencing significant investment growth, with a focus on expanding infrastructure and new line construction, which is crucial for national economic development and public welfare [1][2][3] Investment Growth - In the first half of 2025, fixed asset investment in railways reached 355.9 billion yuan, a year-on-year increase of 5.5%, with June alone contributing 113.8 billion yuan, up 4.6% [1] - Railway investment has accelerated this year, with growth rates of 5.2% in Q1 and 5.9% in the first five months, although the growth rate slightly slowed in the first half compared to the previous five months [1] - The first half of 2023 saw a 6.9% increase in railway investment, totaling 304.9 billion yuan, while 2024's investment reached 337.3 billion yuan, marking a 10.6% increase and setting a new record [1] New Line Construction - In the first half of 2025, 301 kilometers of new railway lines were put into operation, representing just over 10% of the annual target of 2,600 kilometers, with most new lines expected to be completed in the second half of the year [2] - The actual completion of new lines is anticipated to be around 3,000 kilometers, with over 2,000 kilometers being high-speed rail [2] Future Projections - By the end of 2025, the total railway operating mileage is expected to exceed 165,000 kilometers, with high-speed rail mileage surpassing 50,000 kilometers [2] - The railway investment for 2024 is projected to reach 850.6 billion yuan, a year-on-year increase of 11.3%, setting a historical record [3] - The railway investment trend typically shows higher growth in the latter half of the year, with expectations for 2025's total investment to approach 900 billion yuan [3] Infrastructure and Project Development - The National Railway Group aims to complete 590 billion yuan in infrastructure investment by 2025, although some analysts believe this target is conservative and suggest it should be at least 650 billion yuan [3] - Several ongoing projects are in advanced stages, including the Wuhan to Yichang section of the Huhang High-speed Railway and the static acceptance of various high-speed rail projects [2][3]

Summary of the Conference Call for Tibet Tianlu (2025) Industry Overview - The cement demand in Tibet for the first half of 2025 remained stable compared to previous years, influenced by climate conditions leading to fewer project initiations. However, the launch of the Yarlung Tsangpo Hydropower Station project is expected to boost demand in the second half of the year, although the completion of the 14th Five-Year Plan may delay new projects [2][4]. Key Points and Arguments - **Yarlung Tsangpo Hydropower Station Impact**: The preliminary engineering of the Yarlung Tsangpo Hydropower Station is expected to generate limited growth in cement demand. The company is involved in a segment with a total investment of approximately 75 million yuan, which is projected to require about 360,000 tons of cement and nearly 100,000 tons of water-reducing agents annually [2][5]. - **Competition and Pricing**: The establishment of the Yarlung Tsangpo Group and the price control measures for the Sichuan-Tibet Railway may affect the competitiveness of local enterprises. The pricing is set by the National Development and Reform Commission, which could limit the ability of local companies to adjust prices [2][6]. - **Local Market Dynamics**: Local companies have a significant competitive advantage in the墨脱 Hydropower Station project, as low-cost enterprises from Qinghai and Yunnan face challenges entering the region. This advantage is expected to help increase market share and stabilize price levels [2][7]. - **Production Costs**: There is a significant variance in cement production costs across Tibet, with costs in the Changdu region ranging from 530 to 550 yuan per ton, while costs in the Gaozheng region are about 380 yuan per ton. The implementation of logistics corridor projects is anticipated to reduce costs in Changdu [2][9]. - **Coal Prices**: Although coal prices have decreased since the pandemic, they remain higher than pre-pandemic levels, with procurement and transportation costs around 1,100 to 1,200 yuan per ton, impacting cement production costs [2][10]. - **Cement Price Adjustments**: Recent price increases in the Lhasa region have been between 20 to 30 yuan per ton, with expectations for further adjustments in the third quarter. However, antitrust policies may limit the extent of these increases [2][13]. Additional Important Insights - **Demand Drivers**: The demand for cement in the first half of 2025 was primarily driven by the Sichuan-Tibet Railway and the civil construction market. Despite a lack of price increases, the demand volume was substantial. However, slow progress on infrastructure projects in high-altitude areas led to a decline in revenue in some regions [3][4][17]. - **Capacity Utilization**: The current capacity utilization rate is low, with only 50-60 tons during the off-season and similar levels in the second quarter. Full production is constrained by staggered production requirements and market demand [2][11]. - **Government Intervention**: The market is primarily dominated by a few major cement companies, with limited government intervention. However, any approval for new production capacity could impact existing companies [2][14][15]. - **Supply Chain and Logistics**: The company has increased its supply to the Sichuan-Tibet Railway, expecting to reach 300,000 to 400,000 tons, which may account for about 10% of total sales. Long-distance high-growth projects are expected to contribute significantly to this figure [2][16]. - **Future Opportunities**: The company may have opportunities to participate in hydropower station construction projects and collaborate with China Power Construction, leveraging its strengths in energy construction [2][19].