Group 1 - The core viewpoint is that China has the foundation and conditions to maintain stable and positive economic growth in 2026 [1][14] - Recent indicators show positive changes in production, prices, and expectations, indicating a steady economic improvement [3] - In December 2025, the industrial added value and service production index for large-scale enterprises both accelerated compared to the previous month, with CPI rising by 0.8%, the highest increase since March 2023 [8] Group 2 - The State Council has implemented a package of policies to promote domestic demand through fiscal and financial collaboration, with relevant departments accelerating the implementation [11] - The "Two New" policies are continuously optimized, and initial funds have been allocated ahead of schedule, creating favorable conditions for the economic start in 2026 [11] - The long-term supportive conditions and basic trends for China's economy remain unchanged, with a strong momentum for high-quality development [14]

Metal Market - Domestic base metals collectively declined, with most metals falling over 1%, led by Shanghai tin which dropped 5.98% [1] - Shanghai lead fell 2.33%, Shanghai zinc dropped 1.91%, and Shanghai nickel decreased by 1.42% [1] - In the black metal sector, iron ore fell 2.58% and rebar dropped 1.04% [1] - External markets showed mixed results, with London tin rising 1.87% and London nickel increasing by 0.76% [1] Precious Metals - COMEX gold rose 1.88%, reaching a new high of $4698 per ounce, while COMEX silver surged 5.58% to a peak of $94.365 per ounce [1] - Domestic gold increased by 1.54%, with Shanghai gold hitting a record of 1050.4 yuan per gram [1] - Platinum fell 0.48%, while palladium rose 0.64% [1] Industrial Commodities - Lithium carbonate dropped 3.83%, while industrial silicon rose 1.61% and polysilicon increased by 0.63% [1] - Alumina and casting aluminum saw slight declines of 1.19% and 0.11% respectively [1]

Group 1 - The core viewpoint is that China's economy is expected to maintain stable and positive growth in 2026, supported by favorable conditions and policies implemented in 2025 [1][2] - Recent data shows positive changes in production, prices, and expectations, indicating a sustained trend of steady economic progress [1] - In December 2025, key economic indicators such as industrial added value and service production index showed accelerated year-on-year growth, with CPI rising by 0.8%, the highest increase since March 2023 [1] Group 2 - The government is implementing a package of policies to promote domestic demand through coordinated fiscal and financial measures, with early disbursement of funds already initiated [1] - The long-term supportive conditions and basic trends for China's economy remain unchanged, emphasizing the importance of viewing economic performance from both short-term and long-term perspectives [2] - The overall trend towards high-quality economic development is expected to continue, with a focus on both total scale and development quality [2]

Core Viewpoint - The meeting held by the Central Committee of the Communist Party of China emphasized the importance of gathering opinions from various democratic parties and non-partisan representatives regarding the current economic situation and future economic work, highlighting the need for proactive macroeconomic policies to achieve development goals [1][4]. Group 1 - The Central Committee aims to unite and lead the entire party and people to face challenges and strive for progress, balancing domestic and international situations [4]. - The meeting discussed the achievements over the past five years, noting significant advancements in economic strength, technological capabilities, and overall national power as the "14th Five-Year Plan" approaches completion [6]. - Various democratic parties and non-partisan representatives have actively conducted research on issues such as technological innovation, industrial integration, and expanding domestic demand, providing important recommendations for the Central Committee's decision-making [8]. Group 2 - The Central Committee expressed three hopes for democratic parties and non-partisan representatives: to deeply understand the spirit of the 20th Central Committee's Fourth Plenary Session, to actively contribute to the formulation and implementation of the "15th Five-Year Plan" [10].