新华社武汉12月3日电 题：花湖一夜 新华社记者王自宸 不沿边、不靠海的湖北，何以成为全球生鲜进入中国的"高速入口"？答案藏在我国首个专业货运枢纽机场——鄂州花湖国际机场里。 子夜时分，记者驱车来到这座机场时，扑面而来的是一派"不夜空港"的繁忙景象：雪亮的停机坪上，货机刚一停稳，工作人员便操控牵引 车、加油车、转运车簇拥而上，卸货、加油、检查，井井有条，一刻也不耽误。 党的二十届四中全会审议通过的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出，优化区域开放布局，打造形态多 样的开放高地。 "这一提法进一步坚定了我们的发展信心。"湖北国际物流机场有限公司企业管理部总经理王资峰介绍，作为湖北打造国内大循环重要节点和 国内国际双循环战略链接的重要支撑，花湖机场自2022年7月投运以来，就肩负着打造内陆"空中出海口"的使命。 目前，花湖机场货运航线已达111条，数量位居全国第一。今年前三季度，花湖机场国际货邮吞吐量超36万吨，货运航班量在国内仅次于香 港机场、上海浦东机场、深圳宝安机场。 图为凌晨拍摄的鄂州花湖国际机场停机坪一角。 新华社记者肖艺九 摄 "'双十一'以来，货运量明显增长，挪威三文鱼、 ...

近日，国家发展改革委党组书记、主任郑栅洁在《党建》杂志上刊发了《深入学习贯彻党的二十届四中 全会精神 以高质量发展新成效谱写中国式现代化新篇章》的署名文章。 ——做强国内大循环，畅通国内国际双循环。建设强大国内市场，加快构建新发展格局。坚持扩大内需 这个战略基点，大力提振消费，扩大有效投资，坚决破除阻碍全国统一大市场建设卡点堵点，促进国内 市场和国际市场高效联通，以国内大循环更好牵引国际循环。加快构建高水平社会主义市场经济体制， 增强高质量发展动力。更好发挥经济体制改革牵引作用，充分激发各类经营主体活力，加快完善要素市 场化配置体制机制，提升宏观经济治理效能。扩大高水平对外开放，开创合作共赢新局面。稳步扩大制 度型开放，维护多边贸易体制，以开放促改革促发展。积极扩大自主开放，推动贸易创新发展，拓展双 向投资合作空间，高质量共建"一带一路"。 ——在发展中保障和改善民生，提高人民生活品质。加大保障和改善民生力度，扎实推进全体人民共同 富裕。深入实施就业优先战略，完善收入分配制度，提高居民收入在国民收入分配中的比重，提高劳动 报酬在初次分配中的比重。同时，坚持尽力而为、量力而行，加强普惠性、基础性、兜底性民生建设 ...

Group 1 - The core viewpoint emphasizes the importance of domestic demand as a "stabilizing anchor" for economic development, advocating for a shift towards an economy driven by consumption and endogenous growth [2][4]. - The current economic situation in China is characterized by a strong supply but weak demand, with insufficient domestic effective demand, particularly in consumption, identified as a significant shortcoming that needs to be addressed [2][3]. - Implementing a strategy to expand domestic demand is crucial for stimulating internal growth potential, promoting supply-demand balance, and transitioning economic growth from factor-driven to innovation-driven [3][5]. Group 2 - Insufficient consumer demand is a major bottleneck in the domestic circulation, which restricts the expansion of domestic demand and the improvement of people's living standards, highlighting the need to enhance consumer capacity [4]. - Strengthening the domestic market and enhancing the role of domestic demand can mitigate the negative impacts of external shocks, thereby improving resilience and risk management capabilities in the economy [5].

Core Insights - The conference highlighted China's ambitious goals for 2030, predicting significant economic growth and development across various sectors [1][2][3] Economic Growth - By 2030, China's GDP is projected to reach 190 trillion yuan, with a purchasing power parity estimate of 53 trillion USD, solidifying its status as a major global economy [1] - The country aims to establish itself as the largest entity economy, focusing on strengthening its real economy amidst a global trend of virtual economic expansion [1] Market Development - China's market size is expected to grow from 700 trillion yuan in 2024 to 1,070 trillion yuan by 2030, driven by a 6% annual growth rate [1] - The formation of a unified socialist market is anticipated, enhancing economic integration and efficiency [1] Urbanization and Infrastructure - China plans to develop super-large urban clusters, with three world-class city clusters identified: the Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei, and the Yangtze River Delta [2] - By 2030, it is expected that five cities will achieve a GDP of 5 trillion yuan, contributing to local economic sustainability and competitiveness [2] Strategic Initiatives - The Belt and Road Initiative has fostered deeper international cooperation, serving as a strategic foundation for China's foreign relations and geopolitical positioning [2] - The focus on addressing domestic challenges is seen as essential for contributing to global stability and certainty [2][3] Governance and Reform - The need for improved national governance and timely implementation of reform measures is emphasized, with over 300 reform initiatives proposed [3] - Addressing social issues such as education, healthcare, and elderly care is crucial for enhancing the quality of life and supporting sustainable development [3]

市 场 研 究 [Table_Title] 万联晨会 [Table_MeetReportDate] 2025 年 12 月 03 日 星期三 [Table_Summary] 概览 核心观点 【市场回顾】 周二 A 股三大股指全线收跌，上证指数下跌 0.42%，报 3897.71 点； 深证成指下跌 0.68%，报 13,056.70 点；创业板指下跌 0.69%，报 3071.15 点。A 股两市全天成交额 1.59 万亿元人民币，南向资金净买 入 41.01 亿港元。A 股两市个股超 3400 只个股下跌。申万行业方面， 石油石化、轻工制造及家用电器行业涨幅居前，传媒及有色金属行业 领跌；概念板块方面，福建自贸区及太赫兹概念指数涨幅居前，BC 电 池及 CRO 概念指数跌幅居前。恒生指数上涨 0.24%，恒生科技指数下 跌 0.37%；美国三大股指集体收涨，道指上涨 0.39%，报 47,474.46 点，标普 500 指数上涨 0.25%，报 6829.37 点，纳指上涨 0.59%，报 23,413.67 点。欧洲股市及亚太股市主要股指普遍上涨。 【重要新闻】 【国家发展改革委主任郑栅洁在《党建》杂志发 ...

Core Viewpoint - China's economy is expected to reach a total economic output of 140 trillion yuan in 2025, solidifying its position as the world's second-largest economy, with consumption playing a crucial role in driving growth [1][2]. Economic Stability - In the first three quarters of 2025, China's GDP grew by 5.2% year-on-year, an acceleration of 0.4 percentage points compared to the previous year [2]. - The urban unemployment rate in October was 5.1%, a decrease of 0.1 percentage points from the previous month, while the Consumer Price Index (CPI) rose by 0.2% year-on-year, indicating overall price stability [2]. - China's foreign exchange reserves reached $33,433 billion by the end of October, reflecting a historical high in import and export volumes [2]. Policy Measures - The Chinese government has implemented a series of policies aimed at stabilizing employment, businesses, markets, and expectations, which have shown positive effects on economic stability [3]. - Major financial institutions, including Goldman Sachs and Deutsche Bank, have raised their growth forecasts for China's economy, highlighting its resilience and contribution to global economic stability [3]. Innovation and Growth - Significant advancements in quantum computing and the establishment of a quantum technology industry ecosystem are emerging as new growth points for the economy [4][5]. - The manufacturing sector remains robust, with the added value of equipment manufacturing accounting for over 35% of industrial output, and the energy transition is accelerating with one-third of electricity coming from green sources [8]. Consumption and Market Dynamics - Recent policies aim to enhance the adaptability of supply and demand in consumer goods, promoting a virtuous cycle of consumption upgrade and industrial upgrade [9]. - The focus on creating a unified national market and reducing logistics costs is expected to further stimulate domestic consumption [9]. Future Outlook - The 20th Central Committee emphasized the importance of achieving economic and social development goals, with a continued focus on high-quality development as the central theme for the next five years [10]. - Foreign investments in China are increasing, with significant projects launched by international companies, reflecting confidence in China's economic prospects [13].

Core Viewpoint - The article emphasizes the importance of high-quality development and the implementation of the "15th Five-Year Plan" to achieve socialist modernization in China, focusing on improving people's livelihoods and promoting common prosperity [2][3][4]. Group 1: Achievements of the "14th Five-Year Plan" - The "14th Five-Year Plan" has laid a solid foundation for the "15th Five-Year Plan," with significant achievements in economic strength, technological advancement, and overall national power [4][5]. - The average economic growth rate during the first four years of the "14th Five-Year Plan" reached 5.5%, contributing approximately 30% to global economic growth [5]. - The manufacturing sector's added value exceeded 30 trillion yuan, with high-tech manufacturing growing at an annual rate of 9.2% [5]. Group 2: Development Environment for the "15th Five-Year Plan" - The "15th Five-Year Plan" period is characterized by both strategic opportunities and challenges, necessitating a focus on consolidating advantages and addressing weaknesses [6][7]. - China's economic foundation remains strong, with significant market potential and a complete industrial system, although challenges such as unbalanced development and risks in key areas persist [8]. Group 3: Strategic Tasks for the "15th Five-Year Plan" - The article outlines key strategic tasks, including promoting high-quality development, enhancing domestic and international dual circulation, and ensuring the well-being of all citizens [9][10][11]. - Emphasis is placed on building a modern industrial system, fostering innovation, and achieving green transformation in economic development [10][12]. Group 4: Enhancing People's Livelihoods - The article stresses the need to improve and guarantee people's livelihoods, with a focus on employment, income distribution, and social security systems [12]. - It highlights the importance of rural revitalization and regional coordinated development to address disparities between urban and rural areas [12]. Group 5: National Security and Governance - Strengthening national security capabilities and improving public safety governance are critical components of the development strategy [13]. - The article calls for a comprehensive approach to risk management in key sectors, including real estate and local government debt [13].

Core Viewpoint - The article emphasizes the necessity of boosting consumer spending as a strategic choice to enhance domestic circulation and internal economic growth dynamics, particularly in the context of China's transition to high-quality development [3][5]. Group 1: Importance of Boosting Consumption - Strengthening consumer spending is crucial for expanding domestic demand and stimulating production scale, which can lead to economic structure optimization [3]. - Consumer spending contributed 53.5% to economic growth in the first three quarters of 2025, reinforcing its role as the primary driver of economic development [4]. Group 2: Reasons for Weak Consumer Spending - The weak consumer spending in China is closely linked to the traditional allocation of public resources, which has historically favored supply-side initiatives over demand-side support [6]. - The low share of household income in the national income distribution is a significant factor contributing to the low consumer spending rate, with households accounting for only 60.6% of national income compared to the global average [7][8]. Group 3: Measures to Enhance Consumer Spending - Improving the income distribution mechanism is essential for establishing a long-term mechanism to boost consumer spending, including increasing labor compensation and optimizing tax structures [9]. - Expanding social security and public service investments can effectively release consumer potential and support spending growth [9]. Group 4: Challenges to Overcome for Increased Consumption - The article identifies three major challenges: the long-term trend of slowing GDP and disposable income growth, the significant income disparity among residents, and the rapid aging of the population [10][11][12][13]. - Addressing these challenges is critical for maintaining a stable consumer spending rate that aligns with economic development stages and avoiding potential economic slowdowns [10][11].

Core Insights - The "Shipping Zhejiang" initiative aims to reduce logistics costs and promote high-quality development of inland shipping, with significant projects signed to adjust transportation structure from road to water [1][2] Group 1: Strategic Goals and Plans - The year 2025 marks the beginning of the "Shipping Zhejiang" construction, with a comprehensive plan for the inland waterway network, including 1,400 kilometers of secondary waterways [1] - The initiative includes the release of the 2.0 version of the technical guidelines for high-grade inland waterways, focusing on land-saving innovations [1][3] - Zhejiang has set ambitious targets of "1 billion tons transferred to water" and "fourfold increase" in shipping capacity [3] Group 2: Current Achievements and Statistics - In the first ten months of the year, Zhejiang's water transport investment reached 33.82 billion yuan, a year-on-year increase of 16.1% [3] - The inland ports achieved a cargo throughput of 360 million tons, up 9.3% year-on-year, and container throughput reached 1.93 million TEUs, increasing by 14% [3] - The number of inland container shipping routes has expanded to 84, effectively doubling the hinterland coverage [3] Group 3: Economic and Environmental Benefits - Inland water transport costs are significantly lower, at only 1/7 of road transport and 1/3 of rail transport, providing substantial cost advantages for exports [2] - Water transport has a much lower carbon emission footprint, with emissions being 1/6 of road transport and 2/3 of rail transport, contributing to carbon reduction efforts [2] - A single third-level waterway can accommodate 1,000-ton vessels, equivalent to the capacity of four highways, which can reduce heavy truck traffic by 30%, alleviating road congestion [2]

财政事关治国安邦、强国富民，在推动高质量发展和中国式现代化建设中承担重要职责。"十五五"时期 是基本实现社会主义现代化夯实基础、全面发力的关键时期，我国发展环境面临深刻复杂变化。从国际 看，外部环境动荡不安，大国博弈更加复杂激烈，单边主义、保护主义抬头，世界经济增长动能不足。 从国内看，我国经济基础稳、优势多、韧性强、潜能大，长期向好的支撑条件和基本趋势没有变，同时 产业结构、商业模式、人口结构、财富分配等发生显著变化，一些领域风险尚未出清。这些对财政运 行、宏观调控、财税改革等产生深刻影响，必须有效应对形势变化，从危机和困难中捕捉和创造机遇， 切实提高财政政策效能、财政宏观调控能力和财政科学管理水平，更好推动高质量发展。工作中需要把 握好以下几点。 习近平总书记强调，财政是国家治理的基础和重要支柱。党的二十届四中全会深刻把握历史方位和发展 大势，全面擘画"十五五"时期我国经济社会发展蓝图，对发挥积极财政政策作用提出明确要求。我们要 以改革的思维、创新的精神，完整准确全面贯彻全会部署，统筹生财、聚财、用财之道，有力有效实施 积极的财政政策，为以中国式现代化全面推进强国建设、民族复兴伟业提供坚强财政保障。 一、 ...