□四川日报全媒体记者 张守帅文露敏 高杲 12月23日举行的省委经济工作会议，从扩大有效需求、推动科技创新和产业创新融合发展、深化 改革扩大开放、推进协调发展、保障和改善民生、做好重点领域风险化解等六个方面，对做好 2026年经济工作作出谋划部署，强调在把握大局大势中扛牢责任，在用好政策机遇中赢得主动， 在落实目标任务中进取有为，突出高质量发展导向，跳起摸高、拼搏实干，在实践中争取更好结 果。 与会同志在讨论时表示，2026年是"十五五"开局之年，开局事关全局。省委对标对表中央经济工 作会议部署要求，逐一细化贯彻落实举措，彰显了高度的政治自觉和强烈的责任担当。大家认 为，党中央明确"支持经济大省挑大梁"，四川既要走在前列扛牢使命任务，又要抓住机遇实现高 质量发展，以奋勇争先姿态确保"十五五"良好开局，为全国大局多作贡献。 把握政策新机遇 稳中求进提质增效 与会同志表示，党的二十届四中全会和中央经济工作会议作出的重大部署，蕴藏着新的重大机 遇。比如，党的二十届四中全会明确推进国家战略腹地建设和关键产业备份，中央经济工作会议 出台一揽子支撑政策，这些都将有利于四川争取布局更多重大平台、重大项目、重点产业，对经 济 ...

夏邑县太平镇太平庄村安河农场，村民在直播出售土鸡蛋。苗育才 摄 郑州新郑国际机场密织的"空中丝路"，架起了中原融入世界的一座座"空中桥梁"。 资料图片 徐聪 摄 国道209控制性工程——三门峡青龙涧河特大桥正加紧建设。孙猛 摄 2025年进入"倒计时"。站在"十四五"收官、"十五五"开局这一重要时间节点，2025年河南经济"答卷"备受关 注。 2025年的河南经济发展有何亮点？面临哪些机遇与挑战？下一步发展的新动能蕴含在何处？回望2025年，我 们走得颇为不易，但却步步生花，可以说，河南经济交出了一份"韧性答卷"。 一 虽然全年经济数据暂未公布，但回望来时路，河南经济发展的成绩，写在每一次产业的增速中，写在每一个 拼搏的足迹中。 郑州市经开区中铁工程装备集团有限公司盾构总装车间，一台台即将出口的大型盾构机正在组装。资料图片 记者 聂冬晗 摄 信阳港·淮滨中心港区，起重机在装运集装箱。 王长江 摄 开封清明上河园的精彩表演引人注目。 资料图片 王铮 袁航 摄 2月底3月初，短短一周时间，比亚迪董事长兼总裁王传福、富士康科技集团董事长兼总经理刘扬伟等相继赴 郑，与河南的合作不断加深。今年前2个月，河南汽车产量22 ...

Group 1: Economic Development Goals - Major provinces such as Guangdong, Jiangsu, Shandong, Zhejiang, Shanghai, Hunan, and Beijing are expected to "shoulder the responsibility" for economic growth in 2024 and 2025[2] - Jiangsu's phrasing for next year's economic goals shifted from "higher positioning" to "scientifically and reasonably setting development goals," indicating a more cautious approach[3] - Hunan and Liaoning emphasize "adapting to local conditions" in their economic strategies, reflecting a tailored approach to development[3] Group 2: Unified Market Initiatives - The central economic work meetings for 2024 and 2025 outline plans for a unified national market, with 2024 focusing on "developing guidelines" and 2025 on "establishing regulations" for this market[4] - More provinces are highlighting their integration into the unified market, with Shandong and Jiangxi actively promoting their roles in this initiative[4] - The language around "in-depth rectification" of "involutionary competition" has become more specific, indicating a shift from general guidelines to actionable regulations[4] Group 3: Differentiated Provincial Strategies - Beijing and Shanghai are expanding their international technology innovation centers to enhance original innovation capabilities, aiming to become strategic hubs for technological advancement[4] - Guangdong and Henan are initiating pilot reforms for market-oriented allocation of resources, indicating a push towards more efficient economic structures[4] - The focus on high-quality development of the marine economy is highlighted by Shandong's commitment to becoming a modern marine economic hub[4]

[Table_Title] 策略研究 证券研究报告 2025 年 12 月 2 日 经济大省视角下，区域经济高质量发展之路 ——元瞻经纬总量月报（2025 年 11 月） 报告要点： 区域经济高质量发展的样本：经济大省的使命 经济大省是国民经济的"压舱石"和"主引擎"，其高质量发展直接关系到 国家宏观战略目标的实现。当前，经济大省面临从"量的扩张"向"质的提 升"转变的"双重攻坚"挑战，需进行系统化考量。 经济大省需要扎实的工业实力支撑。经济大省以其庞大的 GDP 和财政贡献 稳定全国经济大盘；而其工业增加值高、制造业体系完备的特征，使其同时 具备工业大省的属性。当前，工业大省面临传统产业转型滞后与新兴产业支 撑不足的双重挑战，破局关键即在于推动传统产业向智能化、绿色化升级与 向服务领域拓展，同时加速新兴产业集群化发展，以锻造新质生产力。 经济大省往往也是消费大省，但社零占比与消费倾向呈现"发达地区偏低" 的特点。尽管人均收入增长为消费扩大提供了基础，但消费潜力尚未充分释 放，未来需从提升居民消费能力和意愿着手挖潜。 经济大省往往同时也承担了财政挑大梁的重担。从各经济大省的一般公共 预算收入规模来看，财政收入 ...

Core Viewpoint - The article discusses the economic performance of various provinces in China for the first three quarters of 2025, highlighting GDP totals and growth rates, with a particular focus on Gansu's leading growth rate and the overall contributions of major economic provinces [3][5][9]. Summary by Sections Economic Performance Overview - As of now, 30 provinces have reported their economic data for the first three quarters of 2025, with Guangdong, Jiangsu, and Shandong maintaining the top three positions in GDP total [3][4]. - The national GDP for the first three quarters is reported at 1,015,036 billion yuan, reflecting a year-on-year growth of 5.2% [5]. Leading Provinces in GDP and Growth Rate - Gansu, Hubei, and Ningxia are leading in GDP growth rates, with Gansu achieving a growth rate of 6.1% [5][6]. - Gansu's industrial economy has seen a significant boost, with a 9.6% increase in industrial added value, ranking third nationally [6][7]. Gansu's Economic Drivers - Gansu's economic growth is attributed to its rich mineral resources, which have propelled its industrial sector [6]. - Key industries such as non-ferrous metals, electricity, and petrochemicals have shown substantial growth, contributing significantly to the province's industrial output [6][7]. Contribution of Major Economic Provinces - Major economic provinces like Guangdong and Jiangsu have shown significant GDP increases, with both surpassing 100 trillion yuan in GDP for the first three quarters [9][10]. - The article emphasizes the role of these large provinces in driving national economic growth, with most of them outperforming the national growth rate [10][11]. Regional Economic Performance - The article notes that the Yangtze River Economic Belt's major city clusters, including the Chengdu-Chongqing Economic Circle and the Yangtze River Delta, have outperformed the national growth rate [11].

Core Viewpoint - The "Suggestions" from the Central Committee emphasize the importance of major economic provinces in driving national economic growth and stability, advocating for coordinated regional development and innovation enhancement. Group 1: Regional Development Coordination - The "Suggestions" propose solid efforts to promote a new pattern of development in the western regions, breakthroughs in the revitalization of the northeast, accelerated rise of central regions, and modernization in eastern regions [1] - It highlights the need to consolidate and enhance the high-quality development dynamics of the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area [1] - Continuous promotion of the Yangtze River Economic Belt and ecological protection in the Yellow River Basin is also emphasized [1] Group 2: Importance of Major Economic Provinces - Major economic provinces are seen as the "ballast" for stabilizing the national economy and the "locomotive" for economic growth, with ten provinces projected to exceed a GDP of 5 trillion yuan in 2024, collectively accounting for 61% of the national economy [3] - These provinces host over 70% of the country's large-scale industrial enterprises and high-tech companies, serving as a "stabilizer" for industrial resilience and a source of new development [5] - The development trends of major economic provinces have significantly outperformed other regions, underscoring their critical role in supporting national economic stability [5] Group 3: Strategic Focus for Major Economic Provinces - The official guidelines during the National Two Sessions identified four key areas for major economic provinces to focus on: leading in technology and industrial innovation integration, advancing deep reforms and high-level openness, implementing national development strategies, and demonstrating common prosperity for all [6]

Core Insights - The Central Committee of the Communist Party of China has proposed a new five-year plan focusing on enhancing regional development coordination and promoting the modernization of various regions, including the western, northeastern, central, and eastern areas of China [1][2][4]. Group 1: Economic Provinces - Economic provinces are identified as crucial for stabilizing the national economy and driving growth, with ten provinces projected to exceed a GDP of 5 trillion yuan each in 2024, collectively accounting for 61% of the national economy [2][4]. - These provinces house over 70% of the country's large-scale industrial enterprises and high-tech companies, serving as a stabilizing force and a source of new development [4][5]. - The government emphasizes the importance of these provinces in leading economic growth and innovation, with specific focus areas including technology and industry integration, deep reforms, and high-level openness [5]. Group 2: Infrastructure Developments - Beijing's subway system is set to exceed 900 kilometers in operational length with the recent commencement of trial runs for new lines [6]. - Jiangsu province has reported a significant increase in ship exports, reaching 1,078.4 billion yuan in the first three quarters of the year, marking a 38.3% year-on-year growth [7]. Group 3: Housing and Urban Development - Guangzhou has introduced 20 construction standards aimed at improving housing quality, focusing on safety, comfort, and sustainability [8]. Group 4: Economic Rankings - The 2025 Hurun Rich List indicates that Shanghai and Shenzhen have surpassed Beijing in the number of billionaires, with significant increases in wealth attributed to sectors like new energy vehicles and biotechnology [15][17].

Group 1 - The core viewpoint emphasizes the importance of major economic provinces as "ballast stones" for stabilizing the national economy and driving growth, as highlighted by Xi Jinping's remarks on their responsibilities in achieving the "14th Five-Year Plan" goals [2][3] - Major economic provinces account for over 60% of the national economic total, making their performance critical to the overall development landscape [2][3] - The urgency of the mission is underscored by the need for these provinces to act decisively and seize opportunities to enhance their contributions to national economic stability [3][4] Group 2 - Key focus areas for major economic provinces include promoting technological and industrial innovation, advancing deep reforms and high-level openness, implementing national strategies, and demonstrating efforts towards common prosperity [4][5] - Economic provinces are encouraged to balance overall strategic goals with local conditions, ensuring that their development aligns with national needs while leveraging their unique strengths [7][8] - The integration of regional strengths with national objectives is essential for fostering growth and stability across the broader economy [8][9] Group 3 - Major economic provinces are expected to exert significant influence on regional and national development, acting as leaders and drivers of growth [9][10] - Collaborative efforts among provinces are highlighted, showcasing how they can support each other and share resources to enhance overall economic performance [11][12] - The commitment to improving living standards and promoting common prosperity is a critical aspect of the responsibilities of major economic provinces [12]

Core Viewpoint - The article emphasizes the critical role of major economic provinces in stabilizing China's overall economy and achieving high-quality development, highlighting their responsibilities and the urgency of their actions [2][4]. Group 1: Mission and Responsibility - Major economic provinces are seen as "ballast stones" for the national economy, with a significant contribution of over 60% to the national economic total, indicating their indispensable role in achieving national modernization [2][3]. - The sense of mission is reflected in the clear goals set by these provinces, such as Beijing's 59 measures to support high-quality development of the private economy and Guangdong's initiatives to integrate manufacturing with service industries [3][4]. - The urgency of action is underscored by the need for these provinces to seize opportunities and mobilize efforts to tackle challenges, as demonstrated by Henan's commitment to food security with a summer grain output of 750.01 billion jin [3][4]. Group 2: Focus Areas for Development - The article identifies four key focus areas for major economic provinces: leading in technological and industrial innovation, advancing deep reforms and high-level openness, implementing national strategies, and demonstrating common prosperity [4][8]. - Economic provinces are encouraged to balance broad perspectives with localized strategies, ensuring that their actions align with both regional strengths and national needs [6][7]. Group 3: Driving Force and Collaboration - Major economic provinces are expected to exert a strong driving force for regional and national development, acting as leaders and catalysts for growth [8][9]. - Collaboration among provinces is highlighted, with examples of cross-regional projects and technology sharing, such as the cooperation in the C919 aircraft manufacturing supply chain [9][10]. - The article also emphasizes the importance of improving people's livelihoods and promoting common prosperity, with various initiatives in provinces like Shandong and Hunan aimed at enhancing community services and healthcare [11][12].

Core Viewpoint - The economic performance of major provinces in China during the first half of the year shows that 21 out of 31 provinces exceeded their GDP growth targets, highlighting the significant role of major economic provinces in driving national growth [1][3]. Economic Performance of Major Provinces - Guangdong and Jiangsu lead in economic growth, while Shandong and Zhejiang follow, indicating a trend where larger provinces not only dominate in scale but also in growth rates, showcasing a "stronger becomes stronger" phenomenon [3]. - Hubei's foreign trade resilience is notable, with a 28.4% year-on-year increase in import and export totals, contributing to a 6.2% GDP growth, significantly above the national average [3]. Factors Contributing to Economic Growth - The acceleration of industrial upgrades is evident, particularly in Jiangsu's equipment manufacturing sector, which is a key driver of its economic strength [3]. - Strong consumer recovery is supported by national subsidy policies and the promotion of new energy vehicle replacements, making durable consumer goods a vital engine for economic development across provinces [3]. Role of Major Economic Provinces - Major economic provinces contribute significantly to the overall macroeconomic landscape due to their large scale and total output, which enhances their economic returns on investments [4]. - These provinces also benefit from complete industrial and supply chains, as well as ample talent reserves, which further boosts their economic performance [4]. Focus Areas for Continued Growth - The focus for the second half of the year includes stabilizing foreign trade by expanding into diverse markets and enhancing the competitiveness of export products [4]. - Strengthening domestic demand through increased household income and public investment in livelihoods is essential, with a particular emphasis on supporting service consumption [4]. - Promoting innovation by integrating artificial intelligence with manufacturing to drive traditional industry upgrades and overcome semiconductor supply challenges is a priority [4]. New Growth Points - In terms of industrial transformation, the emphasis is on implementing AI-driven upgrades and green transitions in traditional industries to unlock growth potential [5]. - Expanding service consumption, particularly in sectors related to livelihoods such as elderly care and tourism, is crucial, alongside leveraging technology to create diverse consumer experiences [5]. - Optimizing the business environment and fostering regional collaboration will help establish a competitive landscape among enterprises [5].