而实现这个更好的结果，有三大关键：新动能的更强支撑、五个中心核心功能效应的更大释放、重量级 项目的重磅支撑。比如产业新赛道的规模化发力，尤其是三大先导和未来产业。 "三大先导产业、高端产业集群的持续突破，特别是集成电路的'全产业链自主可控'和人工智能的'全栈 创新'，这是增量与质量的关键来源。此外，科技创新与产业创新的融合联动，把强大的科技创新策源 功能激发释放，是转化为产业发展的内生驱动力。"她说。 如果按"年均5%"的增速算，2030年上海的GDP将进入全球城市前三，预计达7万亿元以上规模，仅次于 纽约和洛杉矶。当传统增长动能边际效应递减，未来经济社会发展的"向新力"，也都在"十五五"规划中 指明了"路标"。 三大先导产业年均增速10% 在上海"十五五"经济社会发展主要指标中，除了"地区生产总值年均增速'力争达到5%左右'"，还有全员 劳动生产率大于52万元/人，数字经济核心产业增加值占GDP比重要超过20%，全社会研发经费支出相 当于全市生产总值的比例在2030年要超过5%，每万人口高质量发明专利拥有量为85左右。 如何实现上述5个目标，上海未来五年作出具体的部署。 根据正在上海两会期间审议的《上海市国 ...

目标定在未来五年年均增长5%，上海还有较大的潜力空间。 GDP突破5.67万亿元的上海，在未来五年将年均增速定在了5%，相比"十四五"期间的年均增速4.9%， 看似只有0.1％的差距，实际却是迈出一大步。 "5%作为预期目标，在当前复杂外部环境下仍需积极应对、付出艰苦努力。"上海市发展改革研究院副 院长马海倩告诉第一财经。她说，另一方面，也要看到5%并不是"天花板"，增长还有较大的潜力空 间。 而实现这个更好的结果，有三大关键：新动能的更强支撑、五个中心核心功能效应的更大释放、重量级 项目的重磅支撑。比如产业新赛道的规模化发力，尤其是三大先导和未来产业。 "三大先导产业、高端产业集群的持续突破，特别是集成电路的'全产业链自主可控'和人工智能的'全栈 创新'，这是增量与质量的关键来源。此外，科技创新与产业创新的融合联动，把强大的科技创新策源 功能激发释放，是转化为产业发展的内生驱动力。"她说。 如果按"年均5%"的增速算，2030年上海的GDP将进入全球城市前三，预计达7万亿元以上规模，仅次于 纽约和洛杉矶。当传统增长动能边际效应递减，未来经济社会发展的"向新力"，也都在"十五五"规划中 指明了"路标"。 三大 ...

Core Viewpoint - Shanghai aims to build a world-class high-end industrial cluster with advanced manufacturing as the backbone, as outlined in the "15th Five-Year Plan" [3][4]. Group 1: Modern Industrial System - The "2+3+6+6" modern industrial system includes two transformations of traditional industries (digitalization and greening), three leading industries (integrated circuits, biomedicine, and artificial intelligence), six emerging pillar industries (new generation electronic information, smart connected vehicles, high-end equipment, advanced materials, new energy and green low-carbon, and fashion consumer goods), and six future industries (future manufacturing, future information, future materials, future energy, future space, and future health) [3][4]. Group 2: Traditional Industries - Shanghai's traditional industries show strong support, high efficiency, and high-tech characteristics, with a revenue profit margin of 6.2% in 2024, exceeding the national average by 0.8 percentage points [5]. Group 3: Leading Industries - The plan emphasizes the development of three leading industries: enhancing the integrated circuit industry's capabilities, promoting biomedicine through innovative drug development, and advancing artificial intelligence through comprehensive innovation [6][7]. Group 4: Service Industry Development - The plan focuses on the high-quality development of the service industry, aiming to extend the productive service sector towards specialization and high-value chains, while also enhancing the quality of life services [7]. Group 5: Artificial Intelligence Growth - By 2025, the annual tasks of the "Shanghai Plan" for artificial intelligence are expected to be completed, with the AI industry projected to exceed 550 billion yuan in scale, growing at over 30% [8].

Core Viewpoint - Shanghai aims to build a world-class high-end industrial cluster by establishing a modern industrial system characterized by "2+3+6+6" during the 14th Five-Year Plan period, focusing on advanced manufacturing as the backbone [1][2]. Group 1: Modern Industrial System - The "2" in the "2+3+6+6" system refers to the digital and green transformation of traditional industries [1]. - The "3" represents the acceleration of three leading industries: integrated circuits, biomedicine, and artificial intelligence [1][2]. - The first "6" indicates the development of six emerging pillar industries: next-generation electronic information, intelligent connected new energy vehicles, high-end equipment, advanced materials, new energy and green low-carbon products, and fashion consumer goods [1]. - The second "6" focuses on six future industry fields: future manufacturing, future information, future materials, future energy, future space, and future health [1]. Group 2: Traditional Industries and Performance - Shanghai's traditional industries exhibit strong support, high efficiency, and high-tech characteristics, with a revenue profit margin of 6.2% in 2024, surpassing the national average by 0.8 percentage points [3]. - Nearly one-third of Shanghai's traditional industries are classified as strategic emerging industries, and they hold a significant share in international markets [3]. - Approximately 70% of Shanghai's traditional industries are technology-intensive, indicating a robust technological foundation [3]. Group 3: Leading Industries and Innovations - The integrated circuit industry aims for an overall breakthrough, focusing on building a secure and controllable local industrial ecosystem [4]. - The artificial intelligence sector is set to expand its innovation chain from application layers to foundational frameworks, core algorithms, and computing chips [4]. - By 2025, the artificial intelligence industry in Shanghai is expected to exceed 550 billion yuan, with a growth rate of over 30% [5].

Core Viewpoint - The Shanghai Municipal Government has issued a three-year action plan (2026-2028) to support the transformation and upgrading of advanced manufacturing, aiming to enhance the modern industrial system and promote collaborative development among enterprises of various sizes [1]. Group 1: Main Goals - By 2028, the plan aims to add 100 manufacturing enterprises with an annual output value exceeding 1 billion yuan, totaling over 600 such enterprises, and to drive the addition of 500 industrial enterprises above designated size in the supply chain [2]. Group 2: Implementation Actions - **Optimizing Traditional Advantage Industries**: The plan encourages traditional industries like petrochemicals and steel to innovate and expand into new materials, with financial support for qualifying projects [3]. - **Accelerating Leading Industry Strategies**: Support for integrated circuit companies to achieve breakthroughs across the entire industry chain, fostering internationally competitive leading enterprises [3]. - **Promoting Key and Emerging Industries**: Focus on developing new electronic information, smart connected vehicles, and advanced materials, while encouraging investment in emerging fields like low-altitude economy and commercial aerospace [3]. Group 3: Innovation and Technology - **Releasing Innovation Vitality**: Financial incentives for companies increasing basic research investments, with varying levels of support based on annual research expenditure [4]. - **Accelerating Core Technology Research**: Support for enterprises focusing on cutting-edge technologies such as laser manufacturing and quantum technology [4]. Group 4: Quality and Efficiency Enhancement - **Promoting Technological Transformation**: Financial support for projects aimed at upgrading production and R&D processes, with a cap on total support [4]. - **Deepening Digital Transformation**: Initiatives to enhance AI applications in manufacturing, aiming for full coverage of smart factory applications by 2028 [4]. Group 5: Resource and Support Actions - **Strengthening Talent Development**: Support for attracting high-level talent in key sectors, with financial incentives for successful candidates [5]. - **Enhancing Financial Support**: Encouragement for financial institutions to offer favorable loan products for manufacturing, with interest subsidies for key components and materials [5]. - **Expanding Logistics Support**: Development of industrial logistics facilities to integrate with manufacturing needs, enhancing transportation infrastructure [5]. Group 6: Market Development and Services - **Expanding Domestic and International Markets**: Establishing platforms for supply chain connections and promoting internet marketing for industrial enterprises [5]. - **Optimizing Enterprise Services**: Coordinating to address enterprise needs and ensuring that policies are effectively communicated and implemented [5].

Core Viewpoint - The Shanghai Municipal Government has issued a three-year action plan (2026-2028) to support the transformation and upgrading of advanced manufacturing industries, focusing on strategic leadership in pioneering industries [1] Group 1: Industry Focus - The plan emphasizes accelerating the development of the integrated circuit industry, targeting breakthroughs in equipment, advanced processes, photoresist materials, and 3D packaging to cultivate internationally competitive leading enterprises [1] - It highlights the importance of innovation in pharmaceuticals and high-end formulations, advanced medical devices, synthetic biology, and cell and gene therapy, supporting the growth of companies in these sectors [1] Group 2: Innovation and Technology - The initiative aims to deepen full-stack innovation and promote the rapid development of high-performance intelligent computing chips [1]

Investment Rating - The report does not explicitly provide an investment rating for the cloud computing industry Core Insights - Cloud computing is a critical infrastructure in the AI era, facilitating the deep integration of AI into various industries and driving the digital economy forward [7][8] - The global cloud computing market is projected to reach nearly $2 trillion by 2030, with a significant contribution from AI applications [8][20] - China's cloud computing market is expected to exceed 3 trillion yuan by 2030, driven by the integration of quantum computing, blockchain, and AI [9][45] Summary by Sections Global Cloud Computing Development Overview - Countries are accelerating cloud computing strategies to enhance competitiveness in the AI era, with the US investing over $100 billion in cloud infrastructure since 2018 [14][15] - The global cloud computing market is experiencing stable growth, with a market size of $692.9 billion in 2024, reflecting a year-on-year growth of 20.3% [19][20] - Cloud computing technologies are continuously integrating, becoming the engine for innovative development across various sectors [27] China's Cloud Computing Development Overview - China's cloud computing market reached 828.8 billion yuan in 2024, growing by 34.4% year-on-year, with public cloud services accounting for 621.6 billion yuan [45][46] - The integration of AI with cloud computing is becoming a key driver for market growth, with significant advancements in IaaS and SaaS sectors [48][51] - The dual drive of "cloud + AI" is accelerating the adoption of intelligent applications across industries, with a focus on government and transportation sectors [52][56] Cloud Computing Driving Service Paradigm Innovation - New service models such as AIIaaS, AIPaaS, and AIMSP are emerging, reflecting the evolution of cloud services towards AI integration [9][24] - The concept of "one cloud, multiple calculations" is gaining traction, allowing for efficient resource management and data integration across various computing needs [29][30] - The cloud excellence architecture is helping enterprises optimize their cloud usage, focusing on security, stability, and operational efficiency [34][35] Development Outlook - The report emphasizes the importance of cloud computing in supporting the digital transformation of traditional industries, with a focus on enhancing operational efficiency and service quality [57][58] - The integration of cloud computing with AI technologies is expected to create new business models and enhance the overall productivity of various sectors [36][38]