人民财讯11月26日电，中共北京市委关于制定北京市国民经济和社会发展第十五个五年规划的建议发 布。其中提出，发展壮大高精尖产业。统筹传统产业提升、新兴产业发展、未来产业布局，巩固壮大实 体经济根基。推动重点产业提质升级，扩大新一代信息技术、医药健康等产业集群优势，培育人工智 能、绿色先进能源和低碳环保等一批新产业（300832）集群。实施产业创新工程，推动新技术新产品新 场景大规模应用，加快集成电路、机器人和智能制造、智能网联汽车、空天技术等战略性新兴产业发 展。完善未来产业投入增长和风险分担机制，培育第六代移动通信、量子科技、生物制造、脑机接口等 新增长点。围绕重点产业链健全安全风险评估、预警和应对机制，推进关键装备、软件、工艺、材料国 产化替代，提升战略性资源供应保障能力，增强产业链供应链韧性和安全水平。加强质量品牌建设。 ...

自2011年首列开行以来，中欧班列从单一线路到织网结链，从基础联通到高效畅通，用十余年光阴发展 为横跨东西的物流通道与经济走廊。 《中欧班列发展报告（2025）》显示，截至今年10月，中欧班列累计开行11.86万列，通达欧洲26个国 家232个城市，物流服务网络覆盖亚欧全境。中欧班列运送的货物已扩展到53个门类、5万多种商品。同 时，中欧班列也将欧洲的优质产品、技术和服务更便捷地引入中国，满足国内消费升级需求。这既有助 于中国产业链升级，也丰富了沿线国家市场供给，实现了"贸易畅通"向"产业共赢"的跨越。 这列奔驰的"钢铁驼队"不仅运送着商品，更传递着共商共建共享的开放理念。它打破了地理隔阂，将中 国广阔的内陆市场与欧洲经济圈紧密连接，使不沿边、不靠海的中西部地区一跃成为开放前沿。重庆、 西安等内陆地区曾因物流周期过长让投资者望而却步，中欧班列开通后，全球资本、企业纷至沓来。同 时，中欧班列贯穿东西、联通内外，为亚欧内陆地区开辟新通道，推动沿线国家和地区更好融入开放型 世界经济。哈萨克斯坦、乌兹别克斯坦、蒙古国等内陆国家借助中欧班列开辟出海口，实现了从"陆锁 国"向"陆联国"转变。这种双向奔赴的开放姿态，不仅是 ...

原标题：加快完善高水平对外开放体制机制 开放是中国式现代化的鲜明标识。党的十八大以来，以习近平同志为核心的党中央坚持对外开放的 基本国策，推动形成更大范围、更宽领域、更深层次对外开放格局。随着全球经贸格局深刻调整、外部 环境不确定性进一步上升，世界经济发展面临诸多挑战。习近平总书记科学把握世界大势，多次强调坚 定不移推进高水平对外开放。党的二十届四中全会通过的《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》把"高水平对外开放体制机制更加健全"列入"十五五"时期经济社会发展的主要目 标，对"扩大高水平对外开放，开创合作共赢新局面"作出战略部署。这些重要论述和部署要求，既是立 足当下应对外部风险挑战的主动作为，又是着眼长远、引领全球合作的战略谋划，为进一步全面深化改 革、推进高水平对外开放指明了方向。 深刻领会重要意义 从改革开放初期设立经济特区，到加入世界贸易组织、推动共建"一带一路"和推进自贸试验区建 设，我国经济在开放中实现历史性跨越，创造了举世瞩目的发展奇迹，开放型经济新体制建设取得显著 进展。 历史和实践充分证明：开放带来进步，封闭必然落后。改革开放以来，我国经济持续快速发展正是 在不断扩 ...

(本文来源：经济日报 作者周绍东系教育部习近平新时代中国特色社会主义思想研究中心特约研究 员、武汉大学马克思主义学院教授) 对外开放推动我国现代化建设不断取得新成就，也使我国与外部世界的联系互动更加频繁紧密，我 国经济发展更容易受到外部市场的影响和冲击。因此，越是开放越要重视安全。一方面，在"引进来"的 过程中维护经济安全和其他领域安全。在开展对外贸易、吸引外资时，注重推动贸易伙伴多元化，避免 对单一贸易伙伴的过度依赖，主动对接高标准国际经贸规则，以制度型开放防范风险。营造市场化、法 治化、国际化的一流营商环境，在注重保护关系国民经济命脉的重要行业的基础上引进外资。在防控风 险的前提下，稳妥有序推进资本账户开放。另一方面，在"走出去"的过程中筑牢安全屏障。随着共 建"一带一路"倡议深入推进和南南合作、"大金砖合作"发展，"中国制造"融入全球市场，中国企业也在 加快"走出去"步伐。在此过程中，要加强顶层设计和政策引导，健全完善应急管理体制机制，加强海外 利益保护。企业要注重研判开展海外投资的可行性，综合分析包括外汇风险、环保风险、税务风险等在 内的各种风险因素，在拓展海外市场的同时维护好自身权益和国家经济安全。 ...

Core Insights - The event in Shenzhen Pingshan aimed to enhance the business environment for private enterprises through deep dialogue and precise communication, focusing on the development strategies for the region's core industries [1][3]. Group 1: Industry Development Strategies - Entrepreneurs discussed how to leverage new opportunities under the "14th Five-Year Plan," emphasizing innovation and integration for industry transformation [3]. - Key topics included the expansion of the new energy vehicle sector, the integration of biopharmaceuticals with AI in drug development, and the push for domestic alternatives in the integrated circuit field [3][4]. - The dialogue highlighted the importance of collaboration across the supply chain and resource integration to overcome challenges such as technical barriers and market competition [4]. Group 2: Financial and Talent Development - Suggestions were made to accelerate the establishment of seed funds to empower the industry chain, addressing critical needs for development [5]. - The focus on expanding industrial space and deepening talent integration was emphasized as essential for enhancing the competitiveness of the manufacturing sector [5]. Group 3: Legal and Regulatory Environment - The subsequent seminar on optimizing the legal business environment addressed the importance of a stable and transparent legal framework for enterprise growth [6]. - Key legal insights were provided regarding the "Promotion Law of Private Economy," which clarifies the legal status of private enterprises and aims to eliminate entry barriers [7]. - The seminar also covered measures to protect business secrets in key industries like biopharmaceuticals and integrated circuits, ensuring comprehensive legal support for innovation [6][7].

Report Industry Investment Rating No information provided. Core Viewpoints of the Report - The price of alumina will remain under pressure, but the support from the cost line is gradually emerging, and the room for further decline may be limited. In the short term, the alumina futures price may fluctuate at a low level. - The price of electrolytic aluminum has the characteristic of being "easy to rise and hard to fall" in the medium and long term. In November, whether the aluminum price can continue to rise depends on the sustainability of inventory reduction and the acceptance of high aluminum prices by downstream users. A strategy of buying on dips is recommended. - The price of ADC12 is expected to maintain a relatively strong oscillation in the short term, and attention should be paid to the raw material supply situation and the rhythm of demand recovery. [6] Summary by Relevant Catalogs 1. Market Outlook - Alumina: The short - term marginal supply of domestic bauxite is tightening, but there is supplementation from imported ores, and the supply is not significantly tight. The price of imported ores is slightly weak. The operating capacity of alumina is at a high level, but the release of new capacity still takes time. Some alumina enterprises in Shanxi, Henan, and Guizhou are close to the break - even point or in a loss state. Considering the possible impact of the heating season in November, attention should be paid to changes in the supply side. - Electrolytic aluminum: The expectation of loose liquidity will be the theme of the macro - market in November. The Fed cut interest rates in October, but a second rate cut in December is "far from a foregone conclusion". After the resolution of the US government shutdown, attention should be paid to US economic data for further guidance. The long - term nature of the competition and game between China and the US is a certainty, but the two sides have a "one - year truce", and concerns about Sino - US trade issues have significantly eased in the short term. The unexpected production cut of an Icelandic smelter highlights the structural problems such as the power bottleneck in the global electrolytic aluminum capacity release. The 45 - million - ton capacity ceiling in China limits the long - term supply elasticity. On the demand side, the loose liquidity environment brought by the Fed's interest - rate cut cycle provides medium - and long - term upward momentum for aluminum prices. - ADC12: The spot price of ADC12 has risen synchronously, with significant cost - side support. The continuous shortage of scrap aluminum supply has pushed up the procurement cost. The supply side is restricted by insufficient raw material circulation and regional policy uncertainty, and some enterprises are operating at a low load. The demand side maintains stable resilience and shows a mild recovery trend. The inventory continues to decline, and the cost rigidity support and the tight supply - demand balance jointly drive the price to strengthen, but high inventory and policy uncertainty still pose constraints. [6] 2. Market Review - In October, the futures prices of alumina and electrolytic aluminum showed a divergent trend. The alumina futures price generally showed a trend of bottom - building in oscillation, falling from a maximum of 2,913 yuan/ton to a minimum of 2,760 yuan/ton. The futures prices of electrolytic aluminum and cast aluminum alloy both increased, with the maximum price of electrolytic aluminum reaching 21,425 yuan/ton and that of cast aluminum alloy reaching 20,920 yuan/ton. [7][8] 3. Macroeconomic Aspects - Sino - US trade: In the short term, concerns about Sino - US trade issues have significantly eased. Although the US announced some trade - restrictive measures in October, through the Sino - US economic and trade consultations in Kuala Lumpur and the meeting between the leaders of the two countries, the two sides reached consensus on many issues, including the cancellation of some tariffs and the suspension of some export control measures for one year. - Industry development: The Fourth Plenary Session of the Central Committee and the "15th Five - Year Plan" proposal have boosted market confidence. The China Non - Ferrous Metals Industry Association called on enterprises to prevent "involution - type" vicious competition and ensure the safety of the industrial chain and supply chain. [12][13][18] 4. Fundamental Aspects - Alumina: The long - term oversupply situation of alumina remains unchanged. In September, China's alumina production was 774,600 tons, a slight month - on - month decrease of 1.7% and a year - on - year increase of 12.7%. The cumulative production from January to September was 6.6836 million tons, a cumulative year - on - year increase of 9.8%. The new capacity is expected to be concentratedly released in the first quarter of 2026. Attention should be paid to the risk of production cuts caused by the heating season, winter stockpiling, and weak spot prices. - Electrolytic aluminum: In September, the weighted average full cost of China's electrolytic aluminum industry was 15,918 yuan/ton, a month - on - month decrease of 193 yuan/ton. The theoretical profit of the industry rose to 4,849 yuan/ton, a month - on - month increase of 301 yuan/ton. The production in September was 381,000 tons, a year - on - year increase of 1.8%. The operating capacity and the proportion of molten aluminum in the industry both increased slightly. As of the end of September, the national electrolytic aluminum production capacity was about 4.584 million tons, and the operating capacity was about 4.406 million tons, both showing a slight increase. Overseas, the sudden production cut of an Icelandic smelter and the possible shutdown of an Australian smelter may cause market concerns about the unstable power supply of overseas aluminum. - Aluminum processing: The operating rates of aluminum processing enterprises are differentiated. The overall operation is stable, with an overall operating rate of 62.4%, a week - on - week decrease of 0.1%. Among them, the operating rate of aluminum profiles is 53.7%, a week - on - week increase of 0.2%; the operating rate of aluminum sheets and strips is 67.0%, a week - on - week decrease of 1.0%; the operating rate of aluminum foils is 71.9%, a week - on - week decrease of 0.4%. - Downstream demand: - Photovoltaic: The new installed capacity of photovoltaic is expected to continue to grow. From January to September 2025, the new installed capacity of photovoltaic was 240.27 GW, a year - on - year increase of 49.35%. In September, the new installed capacity was 9.66 GW, a month - on - month increase of 31.25%. - Real estate: The real estate market is restricted by structural factors, with weak overall investment and purchase demand. From January to September, the construction area, new construction area, and sales area of real estate all decreased year - on - year. - Automobile: The automobile industry continues to maintain high prosperity. In September, the production and sales of automobiles were 3.276 million and 3.226 million respectively, a month - on - month increase of 16.4% and 12.9% respectively, and a year - on - year increase of 17.1% and 14.9% respectively. The production and sales of new energy vehicles also increased significantly. - Home appliances: The home appliance market has entered a seasonal off - season. In September, the production of major home appliances such as air conditioners, refrigerators, washing machines, and color TVs showed different trends. In October, the domestic and export production schedules of household air conditioners decreased year - on - year. - Inventory: Both domestic and foreign exchange inventories are decreasing. The LME aluminum inventory continues to decline, and the SHFE aluminum inventory decreased slightly in the week of October 24. Since mid - October, the social inventory of aluminum ingots has started to decline. As of October 30, the main market electrolytic aluminum inventory in China was 605,000 tons, lower than the same period in 2024. - Recycled aluminum: The production of recycled aluminum remained stable from September to October. As of October 23, the operating rate of the recycled aluminum alloy industry was 58.6%, unchanged week - on - week. The shortage of scrap aluminum resources has led to a slight decline in the operating rate of recycled aluminum alloy last week. In September, the import of unforged aluminum alloy decreased by 13.2% year - on - year. As of October 31, the social inventory and factory inventory of recycled aluminum alloy both decreased week - on - week, indicating a turning point in inventory. [28][30][34][40][46][51][56][59][61][65][67][70][74]

Group 1: Report Industry Investment Rating - Not mentioned in the provided content Group 2: Report's Core View - In November, copper prices will fluctuate at high levels, and the operation strategy of buying on dips should be maintained. There are liquidity easing expectations in the macro - market, and the short - term concern about Sino - US trade issues has significantly eased. Fundamentally, overseas ore supply pressure persists, domestic smelter maintenance impacts deepen, and most inventories are at relatively low levels except in the US. The demand side has strong resilience. After copper prices hit a new high, they lack upward drive and investors need to be vigilant about tail risks and seize adjustment buying opportunities [5][6] Group 3: Summary by Directory 1.后市研判 (Outlook for the Future) - In November, copper prices will fluctuate at high levels. With the market gradually reaching a consensus on tightening supply, the psychological upper limit of the downstream for copper prices is gradually rising. After copper prices hit a new high, they lack upward drive due to the Fed's hawkish remarks and the rebound of the US dollar index and US Treasury yields. Investors should be vigilant about tail risks and seize adjustment buying opportunities [5][6] 2.行情回顾 (Market Review) - In October, copper prices were generally strong. Affected by overseas mine operation disruptions, copper prices gapped up after the National Day holiday. Then, due to the US provoking a "trade war" against China, copper prices slightly corrected. With the progress of Sino - US negotiations and the increasing expectation of the Fed's interest rate cut in October, copper prices rose again and broke through the highest point in May 2024 [8][9] 3.宏观面 (Macroeconomic Aspects) - **Interest Rate Policy**: The Fed cut interest rates in October, but a further rate cut in December is "far from certain". The US government's "shutdown" in October affected the release of economic data. The CPI data in September showed that overall inflation was controllable, which further consolidated the market's expectation of the Fed's rate cut in October [11][14] - **Sino - US Trade Relations**: In October, the US provoked a "trade war" against China again, causing copper prices to fall. However, through Sino - US economic and trade consultations, the two sides reached a consensus on multiple issues, and the short - term concern about Sino - US trade issues significantly eased, enhancing market confidence in the economic growth of the two countries [16] - **Domestic Economic and Policy Situation**: China's Q3 GDP grew by 4.8% year - on - year. The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China was held, and the "15th Five - Year Plan" proposal was reviewed and approved, which will bring policy benefits to the terminal application fields. The copper industry should prevent "involution - style" vicious competition and ensure the safety of the industrial chain and supply chain. The US has adjusted its copper resource strategy, which may change the global copper supply flow [18][22][23] 4.基本面 (Fundamental Aspects) - **Supply Side**: In September, China's copper ore concentrate imports decreased month - on - month, with a sharp drop in shipments from Chile. Overseas mine operation disturbances increased, and the processing fee for imported copper concentrates remained in the negative range. Except for the significant accumulation of copper inventories in the US, LME and SHFE copper inventories decreased or remained stable. In October, the output of electrolytic copper continued to decline due to the peak of smelter maintenance, the impact of recycled copper policies, and the low processing fee of copper concentrates [24][28][31][35] - **Demand Side**: In September, China's scrap copper imports increased month - on - month and year - on - year. The expected decline in the operating rate of the refined copper rod industry in October was due to the high copper price. As of September, the cumulative installed power generation capacity increased year - on - year, and the new photovoltaic installed capacity is expected to continue to grow. The real estate market is weak, with a decline in construction area, new construction area, and sales area. The automobile market maintained a high - growth trend, and the new energy vehicle market performed well. The home appliance market entered a seasonal off - season [39][43][47][50][56][59]

Core Viewpoint - The advanced manufacturing industry is essential for building a modern industrial system and strengthening the foundation of the real economy, as emphasized by the 20th Central Committee of the Communist Party of China [1][4]. Group 1: Importance of Advanced Manufacturing - Advanced manufacturing serves as the backbone of the modern industrial system, supporting the economy despite a decline in its proportion of the national economy [2][4]. - The growth of the service sector is heavily reliant on advanced manufacturing, which provides necessary tools and drives demand for services [2][3]. Group 2: Development Potential - There is significant potential for advanced manufacturing driven by technological progress and economic growth, which necessitates higher efficiency and greener production methods [3][5]. - Advanced manufacturing is crucial for the digital, intelligent, and green transformation across various industries, providing essential technologies and products [3][5]. Group 3: Supply Chain Security - Advanced manufacturing plays a critical role in ensuring the safety and stability of industrial and supply chains, especially in the face of global uncertainties and competition [4][6]. - Mastery of key core technologies within advanced manufacturing is vital for national economic and defense security [4][6]. Group 4: Strategic Initiatives - Strengthening frontier technology innovation and increasing investment in basic research are essential for advancing new productive forces [5]. - Addressing supply chain bottlenecks in critical areas such as high-end production equipment and advanced materials is necessary to enhance self-sufficiency [5]. - Accelerating digital transformation in advanced manufacturing will improve production efficiency and international competitiveness [5][6]. - Promoting international cooperation and attracting foreign investment in advanced manufacturing will facilitate global integration and market expansion [5][6].

Group 1 - The core viewpoint emphasizes the importance of advanced manufacturing as the backbone of a modern industrial system, which is crucial for enhancing innovation capabilities and optimizing industrial structure [1][4] - Advanced manufacturing is described as the "muscle and bone" of the modern industrial system, highlighting its growing significance despite a decrease in the manufacturing sector's share of the national economy [2][4] - The development potential of advanced manufacturing is immense, driven by technological progress and economic growth, which necessitates higher efficiency and greener production methods [3][5] Group 2 - Advanced manufacturing plays a critical role in ensuring the safety and stability of industrial and supply chains, especially in the context of global competition and technological self-sufficiency [4][6] - Key strategies for enhancing advanced manufacturing include increasing investment in basic research, addressing supply chain bottlenecks, accelerating digital transformation, and deepening international cooperation [5][6] - The need for advanced manufacturing to support the digital economy and provide essential products for various sectors, including AI and internet services, is emphasized [2][3]

1. Report Industry Investment Rating No relevant information provided. 2. Core Views of the Report - The start of China-US economic and trade consultations and the "15th Five-Year Plan" proposal have boosted market confidence [11][13]. - The supply of domestic bauxite is expected to recover significantly, and the import volume of bauxite may gradually increase after the end of the rainy season in Guinea [18][21]. - The oversupply expectation of alumina remains unchanged, and the production of electrolytic aluminum is expected to increase further in October [23][27]. - The real estate market is weak, while the new energy industry maintains a high level of prosperity [36][39]. - Inventories at domestic and foreign exchanges are decreasing synchronously, and the domestic spot has changed from flat to discount [42][47]. - The production of recycled aluminum is expected to decline slightly in October, and the import growth of unforged aluminum alloy in October is limited [50][54]. 3. Summary According to the Directory 3.1 Report Summary - The start of China-US economic and trade consultations has increased market risk appetite, and the "15th Five-Year Plan" proposal has enhanced market confidence. The domestic bauxite supply is expected to recover, and the alumina supply oversupply situation remains. The production of electrolytic aluminum may increase, while the real estate market is weak and the new energy industry is prosperous. Inventories are decreasing, and the recycled aluminum and unforged aluminum alloy markets have their own characteristics [11][13][18] 3.2 Multi-Empty Focus - **Positive Factors**: China-US economic and trade consultations, the "15th Five-Year Plan" proposal, the recovery of bauxite supply, the increase in electrolytic aluminum production, and the high prosperity of the new energy industry [11][13][18] - **Negative Factors**: The weakness of the real estate market, the shortage of scrap aluminum, and the limited growth of unforged aluminum alloy imports [36][50][54] 3.3 Data Analysis - **Raw Materials**: In September, China's bauxite production was 488.21 million tons, a year-on-year decrease of 2.32%. The import volume of bauxite in September was 15.88 million tons, a month-on-month decrease of 13.2% [18][21]. - **Intermediate Products**: In September, the output of metallurgical-grade alumina decreased by 1.7% month-on-month and increased by 5.3% year-on-year. The output of electrolytic aluminum was 3.81 million tons, a year-on-year increase of 1.8% [24][27]. - **Downstream Consumption**: The real estate market is weak, with a year-on-year decline in construction area, new construction area, and sales volume. The new energy vehicle industry is booming, with a year-on-year increase in production and sales in September [37][40]. - **Inventory**: LME aluminum inventory and SHFE aluminum inventory are both decreasing. As of October 23, the inventory of electrolytic aluminum ingots was 618,000 tons, a month-on-month decrease of 7,000 tons [43][45]. - **Price**: The domestic spot has changed from flat to discount, and the LME aluminum premium has decreased [47]. - **Recycled Aluminum**: In September, the output of recycled aluminum alloy was 661,500 tons, a month-on-month increase of 7.6% and a year-on-year increase of 9.6%. The import of unforged aluminum alloy in September decreased by 13.2% year-on-year [50][54]. 3.4 Market Outlook - The price of aluminum alloy is expected to remain high due to the firm price of scrap aluminum and the decline in recycled aluminum inventory [61].