新华社北京12月31日电 年终特稿｜全球媒体2025中国热词扫描 新华社记者孙丁 何毅 谢琳 岁末年初，新华社记者借助大数据工具，梳理了全球近2000家媒体2025全年的涉华报道，结果显 示"元首外交"" 全球治理 ""'十五五'规划建议""高质量发展""开放合作""创新""软实力"等相关词汇高频 出现，充分彰显中国作为负责任大国是世界的和平力量、稳定力量、进步力量，为变乱交织的国际局势 注入难得的稳定性，提供宝贵的正能量。 热词：元首外交 2025年，中国元首外交精彩纷呈，成果丰硕，影响深远。 新华社记者借助大数据工具梳理的全球媒体涉华报道中，与元首外交相关的热词累计出现数百万 次，这些热词包括"会晤""伙伴""东南亚""亚太""中亚""俄罗斯""美国""法国""联合国""多边主义"等。 "过去一年的元首外交充分展现了中国在百年变局中的战略定力与大国担当。"泰国泰中 "一带一 路" 研究中心主任威伦·披差翁帕迪说，"从东南亚到中亚，从金砖国家领导人线上峰会到亚太经合组织 领导人非正式会议，从应对气候变化到发展议题， 习近平 主席持续倡导和推动和平、合作、共赢，为 变乱交织的世界注入宝贵的确定性。" 热词：全 ...

伴随经济的飞速发展，文化市场日渐成熟。非遗文化作为民族文化的重要组成部分，逐渐走进大众的视野：独特精致的泉州簪花围、气势磅礴的英歌、惟 妙惟肖的徽州鱼灯……这些非遗传统文化符号正一次次刷屏出圈。 非遗不再只是博物馆橱窗里的静态展品，更成为激发经济活力的重要资源。 但硬币的另一面，一批曾被评为老字号的企业却因经营不善被清出名录，或被责令限期整改，发展问题受到社会关注。 老字号经过时间的洗练，传承着优秀传统文化和传统技艺，现实却有数量不低的老字号处于勉强生存甚至长期亏损的境地。如何平衡文化传承的巨大价值 与企业经济效益发展现状？已经成为众多老字号共同的时代课题。 华美食品的"确定性"主要体现在两个层面： 这是传承与创新的课题，悠久的历史及世代传承的技艺和产品所造就的"老"，是企业最独特的基因，但老观念、老产品、老营销等"老"，一定程度上也制 约了品牌发展。这不仅关乎企业的市场嗅觉，也关乎企业自身管理、经营水平。 近期荣获36氪"年度消费品牌价值共鸣企业"奖项，拥有三十余年历史的华美食品，通过探索"文化+产业"融合发展模式，在传承与创新中走出了一条稳健 增长的路径，提供了老品牌融入时代发展的范本。 以"确定性"构筑 ...

36氪旗下官方账号。洞见市场，比99%的投资者更聪明。 36氪财经 . 文 ｜ 宋婉心 编辑 ｜ 张帆 来源｜ 36氪财经（ID：krfinance） 封面来源 ｜ IC Photo 以下文章来源于36氪财经 ，作者宋婉心 张帆 今年的中国电影市场呈现出一个很有意思的现象——几部爆款全部来自动画电影，是名副其实的动画大年。 从年初的《哪吒2》到正在热映的《疯狂动物城2》，再到《鬼灭之刃：无限城篇》，后者如果不是宏观因素影响，按照预售成绩，也是今年的爆款备选。 三部的票房与口碑几乎都是爆发式的。电影市场整体大盘持续低迷，去年全年总票房同比下降22.7%，多个节假日档期票房回到十年前水平，就是在这样的 背景下，三部动画电影的热度平地而起。 《疯狂动物城2》在上映首日票房2.28亿元，是中国内地进口动画电影的最高首日票房，而上映仅三天后，票房便已经超越自己9年前的前作，成为内地进口 动画票房冠军。 疫情后电影市场的供给和需求两端都发生了变化，这种变化可以总结为，行业上下开始追求"确定性"。而三部动画电影的走红，是"确定性"作为行业运作规 律的一种结果。 影市的冰点，续作的沸点。 续作的胜利 36氪查询灯塔数据发现， ...

如上图，网友的买入位置，RSR大于99高红，润度值达到顶格100（统计周期如果是20天的话，润度值应该是95），小平台倍量突破，突破之前有一个紧 致结构收敛，通过RS_D指标能够清晰见到扩张——收敛——再开始扩张的演绎逻辑，区段量柱呈现节奏明确的红肥绿瘦。这个就是极品的起涨图形。 关于图形审美，很多人理解为经验和艺术性，我不以为然，图形审美一样可以用指标从几个角度交叉描述。 强调频繁试错最大的危害是增加交易的随意性，乱了眼光，使审美平庸，貌似在训练，其实战术素养得不到提升。就是说不要以试错为目的，为试错而试 错，觉得反正可以试错就放松对选股的严格要求。打个比方，你觉得霍去病和岳飞是通过不断吃败仗来提高自己的战术素养的吗？ 昨天有位网友发来他最近的一次操作，一周获利超60%，大赞润度指标的精妙： 我们来看一下这只票买入位置的技术状态： 大家在学习股魔的战术技巧时，有许多误解。马克在2021年波动市场再次夺冠，访谈时谈到小赔率快速试错，然后就很多人对此印象很深，实战中也乐此 不疲，但多数都承受不起摩擦成本。 原因在于不理解马克的前提和战术素养的累积。其实马克更强调的是战术条件确定性，他的书里反复强调过确定性以及等 ...

Core Insights - The Chinese film market is experiencing a significant rise in animated films, with several blockbusters emerging this year, marking it as a notable year for animation [1] - The overall film market remains sluggish, with a 22.7% year-on-year decline in total box office revenue last year, yet animated films have gained unexpected popularity [1] - The success of animated films reflects a shift in the industry towards seeking "certainty" in content production and audience engagement [1] Group 1: Box Office Performance - Three major animated films, including "Nezha 2" and "Zootopia 2," have achieved explosive box office success, with "Zootopia 2" earning 228 million yuan on its opening day, the highest for an imported animated film in China [1] - "Zootopia 2" surpassed its predecessor's total box office within just three days of release, becoming the highest-grossing imported animated film in China [1] - The trend of sequels is prominent, with six out of the top ten films this year being IP sequels, five of which are domestic productions [2][3] Group 2: Industry Trends - The rise of animated sequels indicates a growing audience base for this genre, with four out of six sequels this year being animated films, the highest in recent years [4] - The industry is increasingly favoring series films as they offer a higher probability of success based on established IP, reducing the risks associated with new content [4][6] - The audience demographic is shifting, with younger viewers (20-29 years) showing a preference for IP-based films, while older demographics are increasing in the overall audience composition [12][14] Group 3: Economic Factors - The cost of film promotion is rising, making it less viable to launch new films without established IP, as seen in the significant drop in gross profit for film distribution companies [6][7] - The profitability of animated films is higher compared to live-action films, as they attract dedicated fan bases and have better retention rates [8][19] - The decline in live-action series films is evident, with many failing to meet audience expectations, leading to a shift towards animated content as a safer investment choice [16][19]

3. DeepSeek发布两个新模型DeepSeek发布了两个新版本，虽然不是我们一直期待的R2，但这些新动作 已经引发了市场的关注。昨天A股尾盘时，相关标的出现了走强的现象。这就是所谓的"确定性"。什么 是确定性？就是板块有利好，对应板块能够上涨，这就是确定性。如果板块有利好但高开回落或者不认 可，那就是不确定性。我们炒股的两大要素是确定性和风险。在确定性的前提下，我们再去寻找空间。 我依然坚持我的观点，不建议大家盲目追高。当你发现一个方向有暴利机会时，这就是确定性。在这些 上涨的标的中，找到资金最认可的标的，这就是确定性中的确定性。如果想关注这个方向，可以等回调 打开空间后再择时介入。市场操作建议我一直强调，A股在这个位置最好先休息一下。如果继续上涨， 就会面临压力位，涨完之后大概率还是冲高回落。如果在这个位置来一个ABC回调，反而可以再次打 开空间，让散户更好地把握买卖节奏。 所以，市场我们左右不了，但我们可以判断什么情况下出手更有利，什么情况下出手不利。这已经足够 了。在容易出手的时候出手，在不容易出手的时候管住手。90%以上的股民都知道主线在哪里，资金扎 堆的地方就是主线，但90%以上的股民也不愿意 ...

Core Viewpoint - The article discusses the distinction between relative and absolute returns in investment, emphasizing the importance of focusing on personal financial goals rather than comparing oneself to others [5][6][7]. Group 1: Understanding Relative vs. Absolute Returns - Relative return focuses on outperforming benchmarks or peers, while absolute return emphasizes the actual returns received by the investor [6]. - Many funds are evaluated based on relative returns, which can lead to anxiety and poor decision-making when investors constantly compare themselves to others [7]. Group 2: Finding Personal "Enough" - Carl Richards emphasizes the need for dialogue to understand what money means to individuals and how to define their own "enough" [8][9]. - The concept of "enough" should not be a fixed number but rather a subjective experience that can be explored through practical experiments and self-reflection [30]. Group 3: The Role of Uncertainty in Financial Planning - Richards uses illustrations to convey complex financial concepts, such as the unpredictability of outcomes and the importance of accepting uncertainty in financial planning [17][18]. - The illustration titled "The Magic Certainty Button" critiques the unrealistic desire for certainty in financial decisions, highlighting that such certainty does not exist [12][15][16]. Group 4: The Impact of Social Media on Financial Comparisons - The article discusses how social media complicates the comparison process, leading individuals to feel inadequate by constantly comparing their lives to others [25][27][28]. - Richards encourages readers to carefully choose their comparison groups and focus on personal values rather than societal pressures [28]. Group 5: The Future of Financial Advice - The article suggests that while AI can assist in financial analysis, the emotional aspects of financial decision-making still require human insight and empathy [37][38]. - The concept of "self-driving money" is introduced, where financial processes can be automated, but the need for human guidance in setting goals remains crucial [38].

Core Viewpoint - The article discusses the internal divisions within the U.S. as states like California and Washington take independent actions to strengthen ties with China, contrasting with the federal government's confrontational stance under Trump [1][3][10]. Group 1: Federal vs. State Policies - Trump's tariff policies, intended to pressure China, have inadvertently harmed U.S. states reliant on trade, creating confusion and instability [3][5]. - States are increasingly taking matters into their own hands, with officials openly criticizing federal policies and seeking direct engagement with China [10][12]. - The disconnect between federal and state approaches has led to a "self-rescue" movement among states, as they prioritize economic stability over federal directives [10][18]. Group 2: Economic Implications - Trump's tariffs are projected to result in a loss of 2 million jobs in the U.S., with families facing an average annual cost increase of $5,000 [5][21]. - Despite the challenges posed by tariffs, states like California still see significant trade with China, with exports to China accounting for 20% of California's total exports [20][29]. - Local businesses are finding ways to circumvent tariffs, indicating a resilience and adaptability in state-level economies [27][29]. Group 3: The Emergence of a "Second Track" - The article highlights the emergence of a dual-track U.S.-China relationship, where federal policies are characterized by uncertainty while state-level interactions are driven by mutual economic interests [18][20]. - This "second track" serves as a stabilizing force in U.S.-China relations, providing a buffer against the volatility of federal policies [21][23]. - The growing cooperation at the state level is seen as a response to the unpredictability of federal actions, with states offering a more reliable partnership for China [25][31]. Group 4: Future Outlook - The article suggests that the true winners in this scenario are those who can provide certainty and predictability, as these qualities become increasingly valuable in international relations [25][32]. - As states continue to forge their own paths, the potential for a more stable and interconnected U.S.-China relationship emerges, despite federal tensions [29][31]. - The ongoing internal divisions within the U.S. may lead to a "de facto decoupling," where states operate independently of federal policies, creating new opportunities for collaboration with China [31][32].

Core Viewpoint - The article emphasizes the interconnectedness of life principles and investment strategies, advocating for a non-discriminatory approach to both people and investment varieties, suggesting that those who cannot embrace the former are unlikely to succeed in the latter [1]. Group 1: Investment Philosophy - The essence of investment is seen as arbitrage, with a belief that only highly skilled individuals can share in the growth dividends of enterprises [3]. - A stable dividend is considered the only justification for stock trading, and maintaining a low expectation is crucial for a healthy mindset [4]. - The financial market is likened to a large breeding ground, where only a small percentage of participants (5%) manage to survive and maintain equilibrium [9]. Group 2: Market Behavior and Psychology - Many investors mistakenly attribute their financial success to personal ability, overlooking the role of luck and external factors [11]. - The article suggests that most individuals view the market from a self-centered emotional perspective, rather than understanding the underlying logic and behavior of capital [12]. - It highlights the importance of learning from masters and maintaining humility, as even simple insights can provide profound understanding [13].

Core Viewpoint - The article discusses the changing dynamics of the investment market, emphasizing the importance of understanding the underlying logic of investment amidst uncertainty and market fluctuations [2]. Group 1: Market Changes - The A-share market has shown significant structural differentiation this year, with growth sectors like new energy and semiconductors experiencing deep adjustments, while traditional consumer and high-dividend assets have rebounded [4]. - Factors contributing to these changes include the differentiated pace of global economic recovery, deepening domestic economic structural transformation, and fluctuating investor risk preferences [4]. - Despite these changes, the essence of the market remains unchanged, rewarding those who can discern the "unchanging amidst change" and adhere to core investment logic [4]. Group 2: Investment Philosophy - Lin Yuan's investment philosophy highlights that market sentiment and short-term trends are volatile, but the fundamental investment principles remain constant [6]. - Key principles include the belief that "monopoly is the essence of investment, while competition is its enemy," and the pursuit of certainty through monopolistic advantages and patience in waiting for value [6]. - Lin Yuan emphasizes that true investment wisdom lies in maintaining focus on unchanging business fundamentals amidst market noise [6]. Group 3: Upcoming Discussion - The upcoming discussion on October 23 will cover how to identify genuine opportunities from structural differentiation in the market and which industries are building long-term profit potential [7]. - It will also address the enduring investment logic related to sectors connected to aging populations and consumer habits, and how to use common sense to filter worthwhile companies [7]. - Additionally, the event will provide insights into Lin Yuan Investment's focus for the fourth quarter of 2025 and address recent market concerns, including the real situation regarding potential fund liquidation risks [8].