正月初二，西宁市趣浪城北欢乐谷冰雪乐园人气爆棚，成为市民游客欢度假期的打卡地。雪道上尽情驰骋，欢声笑语此起彼伏，处处洋溢着运动的活力与节 日的喜庆。冰雪以多元的姿态融入城市脉动，成为驱动文旅融合、激活消费的一股"热流"。本报记者 李娜 摄 ...

——国内高频指标跟踪（2026 年第 5 期） 本报告导读： 节前赶工托底经济活跃度，内生动能待提升，新兴产业与原油有色涨价成亮点。 投资要点： | 节前效应主导 | [Table_Authors] | 李林芷(分析师) | | --- | --- | --- | | ——国内高频指标跟踪（2026 年第 5 期） | | 021-23185646 | | | | lilinzhi2@gtht.com | | 本报告导读： | 登记编号 | S0880525040087 | | 节前赶工托底经济活跃度，内生动能待提升，新兴产业与原油有色涨价成亮点。 | | 邵睿思(研究助理) | | | | 010-83939827 | | 投资要点： | | shaoruisi@gtht.com | | [Table_Summary] 上周政策围绕民生福祉提质与发展秩序优化展开，民生端聚焦养老、 | 登记编号 | S0880125070011 | | 殡葬、支付等场景强化普惠适老保障，市场端规范经营乱象、激活 | | | | 服务消费，同步优化城际铁路与能源电价机制，筑牢民生底线并激 | | 梁中华(分析师) | | 活发 ...

Core Insights - Hangzhou Xiaoshan International Airport is enhancing its role as a global gateway through expanded international routes, consumer activation, and smart regulation, aiming for over 30 international routes by 2025 and doubling the number of visa-free inbound travelers [1][2] Group 1: Air Connectivity - The launch of the "Hangzhou-Dubai" route and the return of popular routes to Hanoi and Jakarta are bridging the gap between Hangzhou and the world, with a focus on customized route recovery and expansion [2] - The airport's passenger network now covers 23 countries and regions across four continents, with a weekly flight volume of 560, reflecting a diversified market strategy [2] - The development of international transit routes has significantly upgraded the hub's capabilities, with 47 new international transit routes added, serving 17,000 international transit passengers [2] Group 2: Consumer Activation - The ongoing benefits of visa-free policies and the popularity of "China tours" have led to a surge in consumer activity at Hangzhou airport, with inbound foreign travelers reaching 459,000 in 2025, a 28.57% increase year-on-year [3] - The number of visa-free inbound travelers surged to 253,000, marking a 113.78% increase and accounting for 54.9% of total inbound traffic [3] Group 3: Efficient Tax Refunds - The customs authority has implemented measures to convert consumer potential into actual revenue, with a one-stop service chain for tax refunds that allows travelers to process refunds quickly [4] - In 2025, the customs processed 6,009 tax refund applications, with a total refund amount of 18.88 million yuan, reflecting a year-on-year increase of 276.5% and 105.4% respectively [4] Group 4: Smart Regulation - The introduction of the "E Customs" self-service machine at the airport has streamlined customs processes, allowing travelers to manage complex regulations easily [5] - The use of AI smart glasses by customs officers enhances risk identification efficiency while minimizing disruptions to travelers, achieving a dual goal of precise regulation and smooth passage [5]