"十四五"圆满收官●我国经济实力、科技实力、国防实力、综合国力跃上新台阶。我们在砥砺奋进 中进一步增强了志气、骨气、底气，更加坚定了推进强国建设、实现民族复兴的决心和信心"十五 五"开局之年●我们要完整准确全面贯彻新发展理念，加快构建新发展格局，着力推动高质量发 展，坚持稳中求进工作总基调，实施更加积极有为的宏观政策，推动经济实现质的有效提升和量 的合理增长，保持社会和谐稳定，努力实现"十五五"良好开局新华社北京12月31日电 中国人民政 治协商会议全国委员会2025年12月31日上午在全国政协礼堂举行新年茶话会。党和国家领导人习 近平、李强、赵乐际、王沪宁、蔡奇、丁薛祥、李希、韩正等同各民主党派中央、全国工商联负 责人和无党派人士代表、中央和国家机关有关方面负责人以及首都各族各界人士代表欢聚一堂， 共迎2026年元旦。中共中央总书记、国家主席、中央军委主席习近平发表重要讲话。他强调，蓝 图已经绘就，奋进正当其时。全党全国各族人民要更加紧密地团结起来，万众一心、奋发进取， 以实干成就伟业，以创新赢得未来，不断开创中国式现代化建设新局面。习近平代表中共中央、 国务院和中央军委，向各民主党派、工商联和无党派人士， ...

Core Viewpoint - The article highlights the ecological protection and high-quality development practices in the Yellow River basin, particularly in Qinghai, showcasing the integration of environmental conservation with economic growth and community well-being [5][10]. Group 1: Ecological Protection and Community Involvement - The Yellow River, originating from the Tibetan Plateau, plays a crucial role in the ecological and economic landscape of Qinghai, contributing nearly half of the river's runoff [5]. - Local residents, such as Tsering and Te Bao, exemplify the connection between ecological protection and livelihood, with Te Bao transitioning from poverty to stability through ecological management roles [8][9]. - The number of ecological guardians in Qinghai has stabilized at approximately 145,000, with an average annual income increase of over 20,000 yuan, benefiting many former impoverished households [9][10]. Group 2: Green Transformation and Energy Development - Qinghai is leading a green transformation by integrating renewable energy sources, with 94.23% of its installed capacity being clean energy, and it has become a significant player in national electricity supply [13][15]. - The "water-light complementary" project in Longyangxia demonstrates the synergy between hydropower and solar energy, enhancing environmental conditions and agricultural productivity [11][12]. - The province aims to establish a modern industrial system supported by clean energy, organic certification for over 12 million acres of grassland, and the promotion of high-quality agricultural products [15]. Group 3: Innovation and High-Quality Development - Qinghai is leveraging digital technology to modernize traditional industries, such as livestock trading, enhancing transparency and market responsiveness [14]. - The province's strategic focus on developing a "green electricity-green computing" model reflects a systematic approach to optimizing its unique ecological advantages [15]. - The commitment to sustainable development is evident in the promise that the best growth allows for mutual benefit between nature and communities, ensuring a harmonious future [15].

本报记者 当岁末的钟声还在山河间回响，新年的晨曦已然照耀于奋进者的征程之上！ "大家拼搏进取、耕耘奉献，铸就了欣欣向荣的中国……"一份蕴含千钧之力的新年贺词，激荡起中华儿 女心中的波澜。在"十四五"辉煌答卷与"十五五"壮阔蓝图交汇之际，"实干"铸就的过去、"奋进"直指的 未来，与每个人心中对先辈、对祖国、对盛世的"感恩"之情深深共鸣，汇聚成推动"中国号"巨轮破浪前 行的磅礴力量。 此刻，从沿海到高原，从实验室到生产线，贺词中的一字一句正在各行各业、各界群众中引发热烈反 响，激发起对祖国伟大成就的自豪、对宏伟目标的憧憬与团结一心的炽热情怀。 礼赞实干成就 汇聚中国力量 冬日的玉树藏族自治州结古镇，宛如一幅冷峻而壮丽的高原画卷。寒风如冰刀般割面，但是结古街道两 边的住户家里暖意融融，吃着刚出锅的手抓肉，一家人其乐融融守在电视机前。 "习近平主席在新年贺词中提到'民生无小事，枝叶总关情'，这正是基层工作的根本遵循。"玉树市结古 街道党工委书记久美丁增欣慰地说，过去一年，我们实干笃行，解决道路破损、垃圾堆放等2589个民生 难题，让爱心厨房的热饭暖了老人心，托管教室里传出孩童朗朗的笑声。 久美丁增说，新的一年，我们将 ...

●兵团日报全媒体记者 日月其迈，时盛岁新。辞旧迎新之际，习近平主席发表了二〇二六年新年贺词。饱含民生牵挂的温暖话 语，满含殷切期许的真挚嘱托，如同春风化雨般浸润人心，在兵团广大干部职工群众中引发热烈反响。 大家备受鼓舞、倍感振奋，决心在新的一年里，坚定信心、实干笃行，在新征程上奋力谱写中国式现代 化兵团篇章。 "5年来，我们踔厉奋发、勇毅前行，克服重重困难挑战，圆满完成目标任务，在中国式现代化新征程上 迈出了稳健步伐。"习近平总书记深情回望2021年到2025年的非凡征程，在天山南北引发强烈共鸣。 2025年，经过全体建设者的共同努力，兵团投资建设的最大单体水利工程——新疆奎屯河引水工程历时 5年正式建成投用，这项工程惠及兵地百万职工群众，有力保障天山北坡经济带核心区供水安全。 "总书记的每一句话，都让我作为一名建设者倍感光荣与自豪，更添奋进的底气与力量。"聆听了习近平 总书记的新年贺词，奎屯河引水工程引水隧洞项目经理邱斌信心满怀，"新的一年里，我将乘势而上， 抓好项目后期各项工作，让奎屯河真正造福兵地职工群众。" "2026年是'十五五'开局之年。我们要锚定目标任务，坚定信心、乘势而上，扎实推动高质量发展， ...

Group 1 - The Inner Mongolia Autonomous Region's 11th Committee's 11th Plenary Session and Economic Work Conference outlined the "1571" work deployment, aiming to achieve high-quality development and a good start for the 14th Five-Year Plan [1] - The conference emphasized the importance of transforming the meeting's spirit into practical actions to enhance high-quality development capabilities across the region [1] Group 2 - In 2025, the Saihan District demonstrated strong fiscal resilience, with a 5% increase in general public budget revenue, while maintaining a focus on social welfare, with 60% of expenditures directed towards key livelihood areas [2] - The district plans to implement zero-based budgeting and enhance government governance efficiency in 2026, while ensuring the protection of basic livelihood needs and optimizing expenditure structures [2] Group 3 - The Uburinor Gacha in the Chenbarhuqi region has successfully improved the pastoral industry chain through "three transformations" reforms, providing cash dividends of 5,000 yuan to 276 herders in 2023 [3] - The Gacha aims to align with the conference's call for increased support and improvement of living standards, focusing on rural development and poverty alleviation [3] Group 4 - The conference's "1571" work deployment is seen as a guiding framework for high-quality development, particularly in promoting the integration of renewable energy sources and high-load energy industries [4] - The region has already surpassed 2.17 million kilowatts in installed renewable energy capacity, with ongoing projects aimed at enhancing the green industry [4] Group 5 - The conference's focus on improving living standards has been embraced by local leaders, who are committed to translating the meeting's directives into actionable initiatives to enhance public welfare [5] - Initiatives include home modifications for elderly individuals and improved mental health services for vulnerable children, aimed at increasing the sense of security and happiness among residents [5]

Core Viewpoint - Chengdu's annual passenger throughput has surpassed 90 million, marking a significant milestone in its development as an international aviation hub, with plans to further enhance its capabilities through the upcoming second phase of Tianfu International Airport [1][8]. Group 1: Passenger Throughput Growth - Chengdu's annual passenger throughput has achieved a remarkable growth trajectory, moving from 70 million in 2023 to 80 million in 2024, and now exceeding 90 million in 2025, demonstrating a rapid increase in aviation traffic [1][4]. - The city has established itself as the "third aviation city" in mainland China, with a continuous increase in international flight routes, now totaling 83, covering all five continents [3][4]. Group 2: Economic and Industrial Impact - The growth in passenger traffic is closely linked to urban development, enhancing economic cooperation and international exchanges, which in turn drives industrial collaboration and high-quality development [5][6]. - Chengdu's international air routes have facilitated the establishment of a comprehensive bonded zone, enhancing logistics and supply chain efficiency for the aviation industry [5][6]. Group 3: Future Developments - The second phase of Tianfu International Airport is set to commence, aimed at further solidifying Chengdu's position as a comprehensive international aviation hub [7][9]. - The provincial government is actively supporting the enhancement of Chengdu's aviation capabilities, with plans to achieve an annual passenger throughput of over 100 million by 2027 [8][9].

转自：成都日报锦观 以拼劲干劲抓好目标落实 推动实现"十五五"良好开局 全市各级各部门认真学习贯彻市委经济工作会议精神 刚刚闭幕的市委经济工作会议，系统谋划部署了2026年重点目标任务，为成都今年经济工作锚定了航 向、凝聚了共识。会议召开后，各区（市）县广大党员干部认真学习领会会议精神。大家一致认为，面 对依然复杂的外部环境和艰巨繁重的改革发展稳定任务，只有拿出拼的精神、鼓足干的劲头，不折不扣 抓好目标落实，才能在高质量发展道路上稳步前行，推动实现"十五五"良好开局。 金牛区将聚力实体经济，推进产业园区强承载，推进先进制造业强集群，推进现代服务业强质效，着力 构建现代都市产业体系。推进科产融合，强化企业创新主体地位，完善热带雨林创新生态，构建协同创 新联合体，不断增强创新成果转化效能。持续扩大内需，激发赛演文创活力，打造特色消费场景，构建 都市文旅品牌，加快提升都市消费品质活力。深化改革开放，加快要素市场化改革，推动内外贸一体发 展，擦亮营商环境金招牌，持续促进要素资源优化配置。提升功能品质，稳步推进城市更新，焕新城市 街巷活力，完善基础设施网络，夯实生态环境本底，加快建设诗意栖居公园城区。增进民生福祉，深 ...

Group 1 - The company aims to enhance the synergy of its four major business segments: brokerage, risk management, asset management, and overseas financial services, to better serve the real economy and connect industries [2] - Nanhua Futures successfully listed on the Hong Kong Stock Exchange, achieving dual listing in both A and H shares, marking a significant step towards a global perspective and broader market engagement [2] - The year 2026 will mark the 30th anniversary of Nanhua Futures, reflecting on three decades of steady and sustainable development, while committing to high-quality growth in the future [2] Group 2 - The company emphasizes professionalism and stability in its operations, aiming to align with industry trends and customer needs as it progresses into the new year [2] - The chairman extends wishes for prosperity and success to all stakeholders, highlighting the company's commitment to contributing to the nation's growth [2]

Core Viewpoint - The article highlights the festive atmosphere in Yiwu's Chicken Ming Mountain "United Nations Community" as residents, both local and foreign, come together to celebrate the New Year, reflecting China's commitment to high-quality development and global engagement [2][4]. Economic Growth - Over the past five years, China's economy has crossed significant milestones, reaching over 110 trillion, 120 trillion, and 130 trillion yuan, with an expected growth to 140 trillion yuan by 2025 [2]. - China's comprehensive national strength and international influence have been continuously enhanced, positioning it as one of the fastest-growing economies in terms of innovation [2]. Global Manufacturing and Innovation - China is transitioning from being merely the "world's factory" to becoming a global hub for manufacturing innovation, with businesses in Yiwu increasingly focusing on design, technology, and service to build competitive advantages [3]. - Entrepreneurs like Chen Jiajia have shifted from traditional OEM to brand development, leveraging China's complete supply chain and efficient logistics to establish a foothold in international markets [3]. Community and Cultural Exchange - The gathering of diverse individuals in the "United Nations Community" symbolizes China's openness to the world, as people from various backgrounds come together to celebrate and share their aspirations for the New Year [4]. - The community's activities reflect the broader narrative of China's commitment to international cooperation and development, as seen in initiatives like the Belt and Road [4]. Future Aspirations - The sentiments expressed by community members, such as hopes for personal and business growth, resonate with the overarching theme of optimism for the future, as articulated in Xi Jinping's New Year address [5].

Summary of Key Points from Conference Call Industry Overview - The discussion primarily revolves around the Chinese economy and its comparison with Japan, emphasizing that the economic conditions and corporate investments in China are distinct from Japan's past experiences [1][3] - The focus is on the structural performance of the Chinese market, particularly in the TMT (Technology, Media, and Telecommunications) sector, which is becoming increasingly significant [1][6] Core Insights and Arguments - High-quality development is emphasized, prioritizing sustainability over reliance on infrastructure and real estate, which have diminished in importance for A-shares [1][5] - The correlation between memory prices and A-shares is highlighted, with a reported correlation of 0.76, indicating that memory prices are more relevant for investment decisions than real estate prices [6][7] - The contribution of real estate to GDP is declining, with its impact now less significant than that of some software and information sectors [8] - The relationship between housing prices and interest rates is unstable, with historical examples showing varying trends [9] - Consumer behavior is affected by real estate market fluctuations, but this impact varies significantly across different regions [10] - Export data is crucial for asset pricing, but over-reliance on it can lead to misjudgments, as seen in past economic cycles [11] Important but Overlooked Content - The global inflation transmission mechanism indicates a reversal of long-term deflation expectations in China, challenging previous assumptions about the economy [12] - Anticipated monetary policy adjustments for 2026 include a potential rate cut and reserve requirement ratio reduction, but significant credit expansion is unlikely [13] - The bond market faces challenges such as spread issues and changing commercial models, with a forecasted 10-year government bond yield range of 1.7% to 2.1% for 2026 [2][18] - Investment opportunities for 2026 include timing for government bond purchases, EVE indicator management, and changes in fiscal debt structure, with an overall increase in risk appetite due to rising stock proportions in financial products [19]