以下文章来源于盐财经 ，作者谭保罗 盐财经 . 洞察趋势，睿智人生。《南风窗》旗下专业财经媒体。 新试验。 作者/谭保罗 编辑/江江 来源/盐财经 (ID： nfc-yancaijing ) 2 0 2 5年1 2月1 8日，今天起，海南自由贸易港正式启动全岛封关。 改革开放以来，我国境内真正出现封关的区域，只有深圳这样的经济特区。 深 圳 ， 从 一 个 小 渔 村 开 始 ， 封 关 带 来 的 特 殊 政 策 ， 成 为 了 这 座 城 市 崛 起 初 期 的 重 要 凭 借。现在的深圳，不但成为以创新为标杆的四大一线城市之一，更成为了全球知名的科 技创新中心。 2 0 2 4 年 ， 深 圳 地 区 生 产 总 值 达 3 . 6 8 万 亿 元 、 增 长 5 . 8 % ， 总 量 折 合 美 元 超 过 5 1 0 0 亿 美 元 ， 轻 易 超 过 一 个 新 兴 国 家 的 经 济 总 量 。 比 如 ， 2 0 2 4 年 ， 马 来 西 亚 名 义 GDP 只 有 4 2 2 4 . 5亿美元，深圳还多了大约9 0 0亿美元。 深圳只是一座城市，而海南是一个省，人口远多于当年的深圳，地域 ...

Group 1 - The core technical personnel, Mr. Chen Changhua, has resigned from Nanjing Diwei High-end Manufacturing Co., Ltd. due to personal reasons and will no longer hold any position in the company [2][3] - The company has signed a confidentiality and non-compete agreement with Mr. Chen, ensuring no disputes regarding job inventions and that the company's patent rights remain intact [2][5] - The work previously handled by Mr. Chen has been successfully transitioned to other personnel within the department, and his departure will not materially affect the company's technological research and core competitiveness [2][8] Group 2 - Mr. Chen, a senior engineer and a key figure in the company's research and development, has contributed significantly to the company since joining in April 2012 [4][3] - The company has a stable research and development team, with the number of R&D personnel increasing from 128 in 2022 to 149 in 2024, maintaining a strong talent base for continuous innovation [7][8] - The company emphasizes the cultivation of technical talent and has established a mature R&D team led by core technical personnel, ensuring ongoing support for future technological advancements [7][8] Group 3 - The company has taken measures to ensure that all ongoing R&D projects are progressing normally and that the core technical team can support future research and development efforts [8] - The company plans to further enhance its technical innovation capabilities by increasing the recruitment and training of professional technical personnel [8]

（来源：数局） CAICT 中国信通院 | 手云 城市制造业高质量发展研究报告 (2025 年) 中国信息通信研究院信息化与工业化融合发展研究所 DDD 2025年12月 -------- מענב >>> | 版权声明 本报告版权属于中国信息通信研究院,并受法律保护。 转载、摘编或利用其它方式使用本报告文字或者观点的, 应注明"来源:中国信息通信研究院整理"。违反上述声 明者,本院将追究其相关法律责任。 出。平均规上工业企业劳动生产率较上年提升 21.7%,利润总额合 计占全国的 47.3%,创造全国近一半的工业效益。科技创新与产业 革新加速,以平台为载体加快城市制造业创新要素集聚,制造业强 市国家级制造业创新中心数量总和占全国比重达 69.7%;技术合同 成交额占全国比重达 52.2%;万人有效发明专利数较上年提升 42.5%。 "向海集聚"特征突出,高水平开放效应增强。制造业强市合计完 成出口总额 14.3万亿元,占全国比重达 59.6%;实际利用外资总额 合计近 700亿美元,占全国比重达 59.5%。集群优势显著增强,产 业集聚载体建设卓有成效。制造业强市合计培育 62个先进制造业集 群,占全国比重 ...

权益投资团队均衡成长组组长李博认为，明年科技成长风格有望保持相对优势。权益均衡与价值组组长 倪权生重点提示了两类机会：一是受益于供给约束、格局改善且现金流持续优化的周期行业（如有色金 属），二是依托中国供应链与效率优势，积极拓展海外市场的高端制造业。 新京报贝壳财经讯（记者张晓翀）12月19日，摩根资产管理中国权益投资团队分享了对于2026年市场机 会的研判。 校对 柳宝庆 摩根资产管理中国副总经理兼投资总监杜猛指出，中国资产的长期价值重估进程仍在持续，看好2026年 市场结构性机会。在当前市场分化格局下，判断是不是优质资产应回归产业需求是否稳定增长以及现金 流能否持续这一核心逻辑。 权益成长组基金经理赵隆隆看好锂电与储能产业链，指数及量化投资部总监胡迪指出，展望2026 年，"哑铃型"配置策略仍具有重要价值。 编辑 岳彩周 ...

Group 1: Manufacturing Industry Development Overview - The manufacturing industry in China is transitioning to a high-quality development phase, emphasizing innovation and efficiency over mere expansion[8] - Major cities are identified as key innovation hubs, contributing significantly to technological advancements and industrial upgrades[9] - The average labor productivity of industrial enterprises in strong manufacturing cities increased by 21.7% compared to the previous year, with total profits accounting for 47.3% of the national total[10] Group 2: Regional Distribution and Characteristics - The distribution of strong manufacturing cities remains stable, with 36 in the eastern region, 10 in the central region, and only 2 each in the northeastern and western regions[26] - Strong manufacturing cities collectively completed an export total of 14.3 trillion yuan, representing 59.6% of the national total[11] - The number of national-level manufacturing innovation centers in strong manufacturing cities accounts for 69.7% of the national total, indicating a concentration of innovation resources[10] Group 3: Challenges and Opportunities - Despite achievements, challenges include widening development gaps, low efficiency in technology transfer, and structural contradictions in foreign trade[11] - The shift towards smart, green, and integrated manufacturing is seen as a new direction for industrial upgrades, expanding growth opportunities in urban areas[18] - The report highlights the need for cities to enhance their manufacturing capabilities and foster a collaborative ecosystem among enterprises, academia, and research institutions[11]

Core Viewpoint - The launch of the Hainan Free Trade Port's full closure on December 18 marks a significant milestone, bringing various policy benefits that are immediately felt by the local population and businesses [3][6]. Group 1: Policy Changes and Economic Impact - The new round of duty-free shopping policy in Hainan allows residents to purchase duty-free goods without limit as long as they have a record of leaving the island within the year, expanding the categories of duty-free items from 45 to 47, including pet supplies and portable musical instruments [3][4]. - The list of zero-tariff items has expanded from over 1,900 to approximately 6,600, increasing the proportion of zero-tariff items from 21% to 74% of all taxable goods [4]. Group 2: Consumer Sentiment and Employment Opportunities - Local residents express optimism about the increased variety and availability of duty-free products, with many noting that international products are now more accessible [3][6]. - The tourism revenue in Hainan has doubled from 95.016 billion yuan in 2018 to an expected 204.014 billion yuan in 2024, indicating a robust growth trajectory in the tourism sector [6]. - The closure is expected to enhance job opportunities, with local drivers reporting an increase in customer demand due to more tourists visiting the island [6][7]. Group 3: Infrastructure and Education Development - Improvements in public services, including education and healthcare, have been noted, with residents benefiting from enhanced access to international educational resources and medical services [6]. - Hainan is positioning itself as a hub for international medical tourism, attracting advanced medical technologies and practices to the region [6]. Group 4: Foreign Investment and Business Environment - Since 2020, over 9,600 foreign enterprises have been established in Hainan, with investors from more than 170 countries and regions, indicating a growing interest in the local market [7]. - The closure enhances Hainan's role as a headquarters base for foreign companies entering the Chinese market, supported by favorable tax policies and an improved entrepreneurial environment [7][8].

提到海南封关，很多人第一反应是"以后买进口货更便宜了""去海南旅游更爽了"。但其实封关远不止这些表面红利，它是中国改革 开放的"升级版试验田"，是普通人的民生福利池，更是国家参与全球竞争的战略布局。咱们用大白话掰开揉碎了说，看看这场"封关 革命"到底藏着哪些重要意义。 首先得先纠正一个普遍误解：封关不是"关岛"，不是不让进出了！内地居民去海南旅游、出差，还是凭身份证就行，飞机、轮渡和 以前没区别；海南也不是"孤岛"，和内地的通讯、物流、人员流动照样畅通无阻。真正"封"的是关税壁垒，"开"的是全球资源的大 门，本质是把整个海南岛打造成"境内关外"的超级开放区，让货物、资金、人才、数据能更自由地流动，这才是封关的核心逻辑。 1. 普通人的"福利狂欢"：购物、医疗、就业全升级 对咱们老百姓来说，封关带来的好处是最直接、最实在的，相当于把"全球免税店""国际医院""高薪工作机会"都搬到了家门口。 先说说购物，这是大家最关心的。封关前海南零关税商品只有1900个税目，现在直接扩到6600个，占了所有商品税目的74%，相当 于品类暴涨3倍多。以前只能在免税店抢化妆品、奢侈品，现在进口家电、手机、服装、日用品，甚至宠物用品 ...

Core Viewpoint - The official launch of the Hainan Free Trade Port's closure operation marks a new phase in the comprehensive implementation of Hainan's free trade port construction, indicating a profound reshaping of China's opening-up landscape [1] Group 1: Trade Liberalization and Facilitation - The closure operation enhances the level of trade liberalization and facilitation, characterized by "one line open, two lines controlled, and free within the island" [2] - Hainan will become one of the most open customs special supervision areas in China, facilitating cheaper and more efficient imports of raw materials and high-end equipment for enterprises [2] - Consumers will benefit from a wider variety of imported goods and price advantages, with continued expansion of tourism shopping and duty-free policies [2] Group 2: Industrial Structure and Economic Development - The closure operation represents a deep restructuring of the economic structure, moving away from reliance on tourism and real estate towards modern service industries and high-tech sectors [4] - The advantages of "zero tariffs, low tax rates, and simplified tax systems" will stimulate research and production in high-end manufacturing, biomedicine, and artificial intelligence [4][5] - Hainan aims to transform into an international tourism consumption center, enhancing visitor experiences and diversifying consumption scenarios [4] Group 3: Institutional Opening and Governance Challenges - The closure operation tests the governance system and regulatory capabilities, requiring a transparent and efficient regulatory framework aligned with international standards [6] - There is a need for synchronized upgrades in legislation, enforcement, and risk prevention to convert closure benefits into tangible economic growth [6][7] - Hainan's exploration will serve as a testing ground for institutional opening, contributing to the construction of a unified national market and a higher-level open economy [7]

IDC预计，到2030年，AI将在全球创造22.3万亿美元的总价值，这将占到全球GDP的3.7%。但其价值的真正释放将是渐进的，这是一场长坡厚雪的产业演 进。 面对这一趋势，作为国内较早布局人工智能、且兼具深厚安全基因的科技企业，360集团于2025年明确"All in Agent"战略——聚焦打造能深度融入特定业 务流程、切实解决产业痛点的"智能体"。基于此，360构建起L1—L4多智能体蜂群体系，打通AI应用全链路，让技术真正扎根产业腹地。 近期发布的"AI先进生产力TOP10"案例，正是这一战略落地的集中检验。这些覆盖十大关键行业的实践，以一系列可验证的效能数据，为AI如何赋能产业 价值提供了实效样本。 360AI产业化十大案例 图片来源：360集团 账本清晰：可量化成效，凸显商业价值 在人工智能投入回报备受关注的当下，360发布的案例从三个维度清晰展示了价值创造路径，其核心在于，将技术效用转化为可量化、可验证的商业价 值。 第一，运营效率的提升与成本优化，构成企业最直接的商业账本。在能源、制造、交通等实体运营领域，智能化直接作用于效率与成本。例如，澜沧江一 大型流域发电企业联合360集团部署智慧运营平 ...

Group 1 - The core focus of the article is on the three key areas that will drive China's economic development in the coming years: service consumption, quality improvement, and investment in people [1][4] - Service consumption is experiencing significant growth, with retail sales in the service sector increasing by 5.4% year-on-year from January to November, outpacing the growth of goods retail sales [1][2] - The central economic work conference emphasizes the importance of domestic demand and the development of a strong domestic market, with service consumption being a crucial factor in unlocking China's market potential [2][3] Group 2 - Quality improvement is highlighted as essential for economic growth, with digital technologies enhancing service delivery efficiency and promoting new business models like live e-commerce and instant retail [2][3] - Investment in people is identified as a foundational logic for the other two key areas, with a focus on enhancing education, healthcare, housing, and public services to meet the needs of the population [3][4] - The government is expected to continue increasing investments in social welfare sectors, which will support the development of new productive forces and ultimately drive economic growth [4]