资讯编辑：罗莹 021-26093550 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 今年以来，宁夏发改委围绕经济分析、规划编制、项目推进、改革攻坚等核心任务持续发力。通过建 立"月初研判、月中调度、月末分析"的闭环工作机制，精准聚焦经济运行中的热点、难点、堵点问题， 牵头制定并推动了包括"稳增长促发展攻坚年"、奋力打好"六个攻坚战"、促进民营经济高质量发展在内 的40余项政策举措，为经济平稳运行注入强劲动力。 在深化改革与激发市场活力方面，系统积极推进新能源上网电价市场化改革、输配电价改革等一系列关 键举措。同时，加强综合统筹，全面落实融入全国统一大市场、统筹"两化一振兴"、构建新型能源体 系、建设数字宁夏、推进城乡清洁供热取暖、实施贺兰山生态保护绿色发展工程等多项重大战略任务。 全年争取的各类中央资金支持规模创下历史最好水平，有力保障了宁夏595个项目的建设需求。 此外，宁夏发改委高质量完成了规划编制相关工作，全面总结了"十四五"时期的发展成就，并扎实推 进"十五五"规划《纲要》的起草以及35项重大课题研究，为地区长远发展奠定了坚实基础。 12月28日，从宁夏回 ...

12月19日至21日，"我的钢铁"年会在上海召开。 徐高指出，今年12月中央经济工作会议明确提出"推动投资止跌回稳，优化地方政府专项债务管理"，这 与去年"提高投资效率"的提法形成对比。如果要求"提高投资效益"，那么可能制约投资规模的扩张。对 于今年"推动投资止跌回稳"这一表述，他认为是一个非常积极的信号。 对于中国经济前景，徐高预计2025年GDP增速将达到5%。2026年是"十五五"开局之年，为了迎接开门 红，他预计政府会放宽资金支出、增加投资，政府投资会是2026年经济稳增长的关键抓手。 （文章来源：证券时报网） 与此同时，未来如何进一步刺激消费增长亦为论坛上专家的热议话题。 国务院发展研究中心原副主任刘世锦表示，在经历了三十多年的高速增长后，中国经济从2010年一季度 开始由高速逐步转向中速。这一变化的背景在于，经济增长的主要矛盾已从供给约束转向需求约束。 刘世锦认为，需求不足主要不是投资和出口不足，而是消费不足。从国际比较看，我国消费率处于全球 偏低水平。从发展阶段看，我国当前消费率也低于发达经济体在相同发展阶段时的水平。扩大消费要把 注意力和重点放到解决终端需求中消费比重结构性偏低这个源头性问题。 ...

Core Viewpoint - The Federal Reserve is expected to lower interest rates by 25 basis points in December, influenced by multiple factors including inflation, employment, and economic data [1][3][9] Inflation and Employment - Inflation data shows a "moderate decline" with core inflation remaining sticky, which keeps the Fed cautious despite the November CPI rising 2.7% year-on-year [5][9] - The labor market shows "job growth but rising unemployment," with November non-farm payrolls increasing by 227,000, indicating resilience but also necessitating rate cuts to stabilize employment [4][10] Economic Data and Growth - The U.S. economy remains robust with a projected GDP growth of 2.8% in Q3 2024, but growth expectations have been downgraded, prompting the Fed to consider rate cuts to "stabilize growth" [8][9] Internal Fed Dynamics - There are internal divisions within the Fed regarding the decision to cut rates, with dovish officials advocating for action to prevent worsening employment conditions, while hawkish officials express caution [7][10] External Influences - Trump's policies, including tariffs and potential fiscal stimulus, introduce uncertainty and inflationary risks, influencing the Fed's decision to act cautiously [6][10]

声明：本文内容均是根据权威材料，结合个人观点撰写的原创内容，辛苦各位看官支持，请 知悉。 这种新老拉扯的局面，咱们普通人看着迷糊，其实藏着经济稳增长的门道。 现在谁没听过AI的风头？聊天机器人、智能工厂铺天盖地。 但市场上也有争议，说这股热潮里有没有泡沫。 伍戈的看法挺实在，泡沫争议先放一边，全球范围内，跟AI相关的基建投资确实在拉动上下游。 美国今年这波增长，光科技相关投资就扛了大半儿责任。 文丨小石 编辑丨竹林阁楼 长江证券首席经济学家伍戈最近说了句大实话，经济增长这事儿，从来不是二选一的单选题。 一边是AI热得发烫，各国都在砸钱抢赛道，一边是房地产这些传统领域还在调整，不少人觉得日子紧 巴。 本来想单说科技多厉害，但后来发现，这东西对经济的影响挺绕。 短期内能带动投资，企业买设备、建数据中心，钱花出去就拉动了需求。 可长远看，技术成熟了会提高生产效率，供给上来了，物价反而可能往下走。 这种先升后降的规律，过去几次技术革命都验证过。 AI撑不起全部，房子还是"压舱石" 科技火了，股市跟着热闹，手里有股票的人看着账户增值，可能就愿意多花点钱消费，这就是常说的财 富效应。 但这招在咱们这儿，效果好像没那么明显 ...

Core Insights - The article discusses the recent economic and social development meetings held in Shandong Province, emphasizing the urgency to achieve annual development goals as the end of 2025 approaches [1] Group 1: Granularity of Information - The concept of "granularity" refers to the level of detail in information, which is crucial for aligning understanding with actual economic conditions [2] - The meetings aimed to enhance communication among city leaders to address economic challenges and identify actionable solutions [2] - By analyzing specific bottlenecks in development, such as traditional industry upgrades and consumer promotion, the meetings sought to ensure that theoretical understanding translates into practical planning [2] Group 2: Saturation of Efforts - The article highlights the need to increase the "saturation" of economic efforts to ensure robust growth amidst uncertainties [3] - The term "full effort" was frequently mentioned, reflecting the commitment of Shandong as a major economic province [3] - On-site inspections of key projects were conducted to foster a sense of urgency and consensus on prioritizing project execution and development [3] Group 3: Balance in Development - The meetings recognized the regional disparities in Shandong, with different areas having varying levels of development and resource endowments [5] - The approach taken was to respect these differences while promoting coordinated regional development, avoiding a one-size-fits-all strategy [5] - Emphasis was placed on balancing various economic activities, such as industrial operations, project construction, and consumer stimulation, to achieve overall development goals [5]

为确保全年目标达成，海东市稳住工业基本盘，紧盯优势行业推动重点项目投产释能，培育多元化增长 极，同时激活投资新动能，加大项目储备与服务力度，打通审批建设堵点，强化畜牧业扶持，出台专项 奖补政策、完善农业保险体系，促进一产均衡发展。同时，持续提振消费，开展靶向促销、落实以旧换 新政策，释放市场潜能。随着各项稳增长政策落地见效，重点领域短板逐步补齐，全市经济有望持续巩 固回升态势，奋力完成全年高质量发展目标。 记者 牛玉娇 通讯员 张璐 11月20日，记者从海东市统计局获悉，今年1月至10月，海东市委市政府锚定高质量发展首要任务，通 过多轮经济运行调度与部门县区协同发力，全市经济呈现"部分指标回升向好、重点领域承压前行"的阶 段性特征。其中，规上工业增加值成功由负转正，消费市场保持平稳增长，为全年目标达成奠定了基 础。 数据显示，1月至10月，海东规模以上工业企业累计完成产值293.23亿元，同比增长0.95%，较上月实现 由降转升；规上工业增加值正式摆脱负增长态势，实现关键转折。单月表现尤为亮眼，10月当月完成产 值34.84亿元，同比增长14.89%，增速较9月提升2.69个百分点，工业生产活力持续释放，计算 ...

Group 1 - The meeting emphasized the importance of deeply studying and implementing Xi Jinping's legal thought to accelerate the establishment of a scientific and complete legal system in the city [2] - The meeting highlighted the need to integrate and leverage Xi'an's cultural, tourism, education, and cultural relic resources to innovate cultural exchanges and enhance international communication [2] - The meeting stressed the necessity of adhering to the requirement for party and government agencies to live frugally, reinforcing institutional constraints and promoting good habits [2] Group 2 - The meeting called for a people-centered development approach, focusing on improving the social governance system and conducting thorough investigations of special difficult groups [2] - The meeting underscored the importance of effectively managing petition work, enhancing problem tracking, and ensuring coordinated responses from various departments [2] - The meeting outlined the need for practical and efficient measures to stabilize economic growth, focusing on real enterprise needs and optimizing service methods [3]

Group 1 - The core focus of the recent economic work deployment across various regions is to boost consumption and accelerate major project investments to achieve annual economic targets [1][2] - Experts indicate that the targeted and coordinated policy efforts in key areas such as consumption and effective investment are expected to support steady economic growth in the fourth quarter, aiming for a 5% annual growth target [2][3] Group 2 - Multiple regions have introduced measures to stimulate consumption, including the issuance of consumption vouchers and support for key consumption sectors, with a focus on the service industry [3][4] - Specific initiatives include Sichuan's distribution of consumption vouchers from October 1, 2025, to March 31, 2026, and Hunan's issuance of 100 million yuan in consumption vouchers, with 65% allocated to the catering sector [3][4] Group 3 - Local governments are prioritizing investment in key projects to bolster economic stability, with significant investments planned in transportation, water conservancy, energy, and industrial sectors [5][6] - For instance, Beijing plans to promote urban renewal projects with a total investment of no less than 200 billion yuan by the end of the year, while Hunan aims to exceed its annual investment targets for key projects [6][7] Group 4 - The introduction of new policy financial tools, amounting to 500 billion yuan, is aimed at supplementing project capital, particularly for projects that are about to start or are currently underway [6][7] - These financial tools are expected to play a significant role in stimulating infrastructure investment in the fourth quarter, enhancing the overall investment landscape [7]

Group 1 - In July and August, China's total electricity consumption exceeded 1 trillion kilowatt-hours for the first time, indicating strong economic activity in the third quarter [1] - Jiangsu's total electricity consumption reached 673.71 billion kilowatt-hours in the first three quarters, a year-on-year increase of 4.3%, with the third quarter accounting for nearly 40% of this total [7] - The manufacturing sector in Jiangsu showed significant growth, with electricity consumption in the computer, communication, and other electronic device manufacturing industries exceeding 60 billion kilowatt-hours, up 8.5% year-on-year [3] Group 2 - A fiber optic manufacturing company in Suzhou reported a 32% increase in overseas shipments and a 128% year-on-year growth in multimode fiber orders in the first three quarters [5] - In Guangdong, the advanced manufacturing sector's electricity consumption became a core growth driver, with photovoltaic equipment and components manufacturing increasing by 78.38% year-on-year [12] - Data centers in Guangdong consumed 2.049 billion kilowatt-hours from January to September, a year-on-year increase of 42.57%, reflecting the growth of the new energy vehicle industry [11] Group 3 - The strong growth in electricity consumption is attributed to high-temperature weather and the rapid development of computing infrastructure and intelligent manufacturing [9] - The manufacturing sector's electricity consumption in Anhui reached 112.7 billion kilowatt-hours in the third quarter, with a growth rate of 7.8%, particularly strong in the equipment manufacturing sector, which grew by 12.7% [15] - The combination of "anti-involution" and "stabilizing growth" strategies has effectively boosted market confidence and driven rapid recovery in the electricity consumption of the secondary industry [14]

Group 1 - The meeting emphasized the importance of pollution prevention and control, aiming to achieve annual and "14th Five-Year Plan" goals, and to continuously improve the ecological environment quality in the capital [2][3] - Key tasks include winning the blue sky defense battle, enhancing air pollution control, and promoting the use of new energy vehicles, especially for old vehicles and non-road mobile machinery [2] - The meeting highlighted the need for strict supervision and enforcement in construction sites and road transport to prevent pollution, as well as the protection of water sources and soil environment [2] Group 2 - The fourth quarter is identified as a critical period for achieving annual goals and the "14th Five-Year Plan" completion, with a focus on economic stability and growth [3] - The meeting called for optimizing the business environment, enhancing talent services, and providing policy support to help enterprises overcome difficulties and improve competitiveness [3] - Emphasis was placed on expanding effective investment and planning major projects to play a key role in stabilizing growth [3]