12月23日下午，在沈阳沈北新区"七彩政务"大厅，一场"政府搭台、供需对接、共赢发展"的"营商为企 业代言"之走进供需企业大型对接会正式启幕，取得显著成效。本次对接会吸引央企、全国500强、大型 物流、老字号及大型连锁商超等40家供需企业积极参与，现场5家企业签订合作意向书，12家企业就产 品优势和发展意向进行深入交流。 联上沈北：全链服务零距离，资源赋能优环境 以服务延伸夯实政企深度联动，做企业"全天候合伙人"。做好宣传员，借助"七彩政务大厅"区位及空间 优势，在明显位置设置6个代言专区，用政府的信誉度背书，为沈北新区优质企业免费展示与推广。做 好推销员，搭建对接平台，促进产业链上下游企业深度联动，为企业拓市场、抢订单、增效益，实现政 企协同一心、协会穿针引线、企企互利共赢的良好发展局面。做好服务员，整合增值服务资源，建立资 源共享清单，精准匹配企业需求，让单次对接转化为长期稳定的合作关系，推动服务向"长效衔接"延 伸，让企业切实感受到"沈北温度"。禾丰公司负责人表示："营商为企业代言"活动真正办到我们企业的 心坎上了。不仅让我们企业获得了优质的产品展示平台，更有效提升了我们产品的市场关注度。 恋上沈北：政 ...

Core Insights - Yunnan Province's economy is projected to reach a historic milestone of 3.27 trillion yuan in 2023, with an average annual growth rate of approximately 4.7% during the 14th Five-Year Plan period [1] Economic Structure and Investment - The economic structure of Yunnan is undergoing rapid adjustment, with industrial investment becoming the main driver, increasing its share of fixed asset investment from 26.7% in 2020 to 52.1% by 2024 [1] - Private sector investment has significantly increased, with its share rising from 39.8% to 65.7% [1] Industry Development and Upgrading - The "new three" industries—green aluminum, silicon photovoltaic, and new energy batteries—are showing strong growth, contributing over 20% to the increase in industrial added value [1] - The deep processing rate of coffee has improved from 20% to 80%, with total output value increasing from less than 10 billion yuan to over 80 billion yuan [1] - In the green aluminum sector, the alloying rate has reached 51.4%, with electrolytic aluminum production capacity at 6.5 million tons and output value doubling to over 160 billion yuan [1] Strategic Focus Areas - The Yunnan Provincial Committee emphasizes the need to focus on industrial transformation and upgrading, aiming to build a modern industrial system with Yunnan's unique advantages [2] - Key areas of focus include green aluminum, silicon photovoltaic, phosphorous chemicals, and non-ferrous and rare metals, as well as highland characteristic agriculture, cultural tourism, green energy, and modern logistics [2] Action Plans for Industrial Upgrading - Yunnan will focus on major industrial projects to drive quality upgrades, particularly in green aluminum, petrochemicals, phosphorous chemicals, and rare earths [3] - The province aims to cultivate new growth points in non-tobacco and non-energy industries, targeting sectors like biomedicine, new materials, and advanced equipment manufacturing [3] - Emphasis will be placed on technology empowerment, promoting core technology breakthroughs and enhancing the integration of technological and industrial innovation [3] Park Development and Efficiency - Yunnan plans to implement an action plan to enhance park economies, establishing a comprehensive evaluation system focused on efficiency, environmental impact, and industrial clustering [4] - The strategy includes leveraging parks to foster leading industries and promote regional industrial complementarity and collaborative development [4]

Core Viewpoint - The market is currently in a position where it can either advance or retreat, with the emphasis on the need for economic fundamentals to improve for sustained growth [1][4]. Investment Framework and Style Tracking - The investment framework is based on the equation "Stock Price = EPS × PE," highlighting that valuation (PE) fluctuations are typically larger than earnings (EPS) changes in the A-share market [2][20]. - The market opportunities can be categorized into three styles: macro style, growth style, and thematic style, with macro style being influenced by the China-US interest rate differential [2][21]. Judgments for 2026 - The market is still in a bull phase, but the rhythm of growth will differ from the past, with the current A-share market capitalization to household savings ratio at approximately 0.65, indicating that the bull market is not over yet [7][25]. - The current market is driven by liquidity and risk appetite, but this type of market has a clear "ceiling," as seen in historical liquidity-driven markets [8][26]. - Economic fundamentals are expected to gradually improve in the second half of next year, which may trigger a style switch from growth and thematic to value and cyclical stocks [9][27]. - Bull markets may experience more severe pullbacks, with historical data showing that pullbacks in bull markets are typically around 10% at the index level, but certain broad indices may see declines exceeding 20% [9][28]. Key Areas for Fundamental Improvement - Exports have been growing, but the "price for volume" model is unsustainable, with China's export price index down approximately 20% compared to developed countries, which may suppress long-term profit margins [11][28]. - Fixed asset investment has seen a decline for the first time in 36 years, influenced by various factors including a significant drop in land revenue [11][28]. - The real estate market shows high inventory levels, particularly in second-tier cities, indicating a need for stronger demand-side policies [11][29]. - There is a shift towards service consumption, with a focus on sectors such as cultural tourism, elderly care, and emotional consumption [11][29]. Policy Perspective - The current policy focus includes addressing "involution" competition, promoting technological innovation, and expanding domestic demand, with expectations for substantial policy implementation around mid-next year [14][33]. - Historical patterns suggest that policy effects are gradual and may take time to manifest, as seen in past housing reform policies [12][31]. Style Switching Considerations - A sustainable style switch from growth and thematic to value requires solid fundamental data support, as historical trends indicate a strong correlation between total style relative returns and revenue growth rates [15][34]. - Short-term style switches may occur due to trading factors, but these are often less sustainable without fundamental backing [16][34]. Focus Areas for 2026 - Key investment opportunities will revolve around three main themes: addressing involution competition, fostering new productive forces, and expanding domestic demand, with a particular emphasis on service consumption [17][35][36].

□ 任 娟 新时代人文经济学是习近平总书记基于中国经济发展实践提出的重大理论命题，为乡村全面振兴提供了 重要的理论支撑。近年来，常熟依托独特地理优势和深厚文化底蕴，走出了一条差异化发展的乡村全面 振兴路径。 以人文赋能产业发展，重塑价值生态 常熟将历史文化等"软实力"注入产业发展，实现了从"卖产品"到"卖文化"的价值跃迁。一是以人文IP激 活土特产价值。秉持"文化价值转化"理念，依托"虞山绿茶"品牌，打造虞山茶文化研学基地，持续做优 虞山茶文化系列活动、全民饮茶日、虞山绿茶制作非遗技艺保护和传承等文旅项目。二是以文旅资源撬 动消费活力。将沙家浜、虞山、尚湖、古里等丰富的文旅资源打造成文化体验场景的最佳"演练场"。放 大沙家浜红色革命文化，开发实景戏剧、红色研学、军民融合体验项目，让游客从"观看者"变为"参与 者"。三是以闲置资产培育经济增长点。遵循"文脉延续+功能再造"原则，改造老旧厂房打造"山前 坊""蓝·原葺森林""山湾里"等文创空间，吸引文创商户、手工作坊及特色餐饮入驻，形成了极具活力的 文化消费集聚区，有效带动区域文旅综合收入提升。 常熟践行"绿水青山就是金山银山"理念，引导形成绿色生产方式和生活方式 ...

转自：贵州日报 黔南州三都自治县中和镇，"村马"赛场上骑 手策马奔腾。 尹刚 摄 着苗族服饰的"村T"小模特自信地走上舞台，与观众击掌。贵州日报天眼新闻记者 吴蔚 摄 一名身 贵州日报天眼新闻记者 明雪 群山叠翠藏文脉，乡野焕新聚动能。近日，2025全国文旅品牌国际传播交流大会在北京召开，贵州省黔 东南州的"村BA"（台江县）、"村超"（榕江县）、"村T"（凯里市）入选2025中国文旅品牌出海百强案 例。 2024年7月，三都"美丽乡村速度赛马联赛"开赛，县内87个行政村参与角逐，全网流量超3亿次，被网友 称为贵州"村马"。黎平"村歌"以侗族大歌为内核，用无伴奏合唱惊艳来自四面八方的游客，肇兴侗寨因 此获评"国际音乐艺术村"。"村T"则让苗绣、蜡染等非遗技艺走上时尚舞台，年近八旬的苗绣艺人潘玉 珍从苗侗风情园的露天秀场，一步步走进伦敦时装周，让民族美学惊艳世界。此外，荔波"村GT"将汽 车漂移与小七孔山水相融，印江"村戏"以傩戏、花灯戏、土家族摆手舞等为核心打造沉浸式体验…… 在"山地公园省"贵州，从"村BA"的热血赛场到"村歌"的天籁之音，从"村T"的时尚秀场到"村马"的追风 赛道，一系列"村字号"IP涌现 ...

为乡村著名，是让家乡有名，更是为家乡扬名。如何做好"名"的文章、发挥"扬"的作用？只有在发展大 局、工作实践中，充分认识地名的政治、经济、文化、社会等功能，才能做到名字"叫得响"、品牌"立 得住"。 只有在发展大局、工作实践中，充分认识地名的政治、经济、文化、社会等功能，才能做到名字"叫得 响"、品牌"立得住" 地处川渝交界处的明月山，是两地居民的"共享花园"。冬日登山，"巴适得板"。 山连绵、数百里、寻路难，本地人也闹过误会。重庆垫江的张东，爱"耍摩托"，之前听说山里有个鹞子 溪谷，但地名定位不清，不小心误到了北碚的鹞子岩，白跑几十公里路。 如今，闹误会的事越来越少。利用民政部"乡村著名行动"小程序，垫江已完成1727条乡村地名信息采集 上图工作。远近游客再来明月山"微度假"，观光点、农家乐、采摘园、露营地、充电站等信息，可精准 定位、导航即达。这为当地文旅发展疏通了"毛细血管"。 地名，记录历史、传承文脉、关乎发展。广大农村特别是偏远山乡，曾因有地无名、一地多名、位置不 准确、名称不规范等问题，给群众出行、快递物流、政务服务乃至应急救援造成诸多不便。以地名建设 为支点，撬动基层治理、文化传承、产业发展，为 ...

Core Viewpoint - The 2025 Ecological Civilization Forum in Beijing recognized Haikou's Shishan and Yanfeng towns as innovative practice bases for the "Green Mountains and Clear Waters are Gold and Silver Mountains" concept, marking a significant milestone in Haikou's ecological civilization efforts [1][2] Group 1: Shishan Town Initiatives - Shishan Town focuses on a collaborative development model of "ecological protection + cultural tourism + green parks," while strictly preserving volcanic relics and ancient villages [1] - The town aims to develop diverse industries such as scientific research tourism, specialty homestays, and mountain sports, alongside creating the Meian Ecological Technology New City, which targets green and low-carbon industries like health and advanced manufacturing [1] - In 2024, Shishan Town received 570,000 tourists, generating tourism revenue of 47.8 million yuan, and the industrial output value of the park reached 8.38 billion yuan, effectively driving employment and regional economic growth [1] Group 2: Yanfeng Town Innovations - Yanfeng Town has developed a model combining "mangrove protection + ecological industry + rural revitalization," creating the Dongzhai Port mangrove ecological tourism circle and beautiful rural clusters [2] - The town launched two ecological IPs, "Whale North" and "Oyster Baby," to efficiently transform ecological resources into cultural tourism economic benefits [2] - In 2024, Yanfeng Town's tourism revenue reached 43.86 million yuan, with the Dongzhai Port tourism circle attracting 84,000 visitors and the beautiful rural clusters welcoming over 196,900 guests, establishing ecological tourism as a new economic growth engine [2] Group 3: Future Plans for Haikou - Haikou plans to use Shishan and Yanfeng towns as models to further deepen the practice of the "Two Mountains" concept, summarizing and promoting successful transformation experiences [2] - The city aims to continuously convert ecological advantages into developmental strengths, supporting the construction of a low-carbon green ecological city and establishing an ecological model for Hainan Free Trade Port [2]

Core Insights - The opening of the Hangzhou-Quchi High-Speed Railway (杭衢高铁) is a strategic project aimed at improving transportation in western Zhejiang and enhancing the connectivity of the Yangtze River Delta high-speed rail network [1][2] - The railway, spanning 205 kilometers with an investment of approximately 236 billion yuan, significantly reduces travel time between Hangzhou and Quchi to under one hour [1][2] Transportation and Connectivity - The new high-speed railway creates a "dual-channel" for travel between Hangzhou and Quchi, eliminating the need for detours via the Shanghai-Kunming High-Speed Railway [2] - The railway facilitates easier cross-province academic exchanges and project collaborations, enhancing research efficiency and reducing time costs [2] Economic Development - Quchi, as the westernmost inland city in Zhejiang, will experience a reduction in "time distance" to Hangzhou, making commuting comparable to intra-city travel in Hangzhou [2] - The Hangzhou-Quchi High-Speed Railway is expected to accelerate the flow of resources between Quchi and major cities in the Yangtze River Delta, fostering economic growth [2][4] Project Attraction and Industrial Growth - The Quchi Hai Chuang Yuan, Zhejiang's first "innovation hub," has attracted over 140 enterprises and aims to leverage the railway's advantages for project collaboration with Hangzhou [4] - Quchi plans to attract over 100 major projects annually, focusing on industries such as new materials and new energy, transitioning from "blood transfusion support" to "self-sustaining growth" [4] Cultural and Tourism Development - Quchi, known for its historical significance and cultural heritage, is actively promoting tourism, offering free entry to key attractions for Hangzhou residents during specific months [6] - The local government is implementing measures to enhance visitor experience and increase tourist numbers from Hangzhou, with a reported 71,500 visitors already received [6]

南极归来的俞敏洪，终于为东方甄选敲定了新总裁。 而接过重任的孙进，此前鲜少走入公众视野。在东方甄选屡陷舆论风波后，俞敏洪为何选择这位低调 的"小孙"接棒？ 事实上，从孙东旭、董宇辉，再到孙进，俞敏洪的选人逻辑或许从未改变。 公开信息显示，孙进于2006年加入新东方，是新东方19年"老将"。其从一线英语教师起步，2008年获评 上海新东方优秀教师、新东方教育科技集团优秀教师。此后，孙进逐步完成教学、教研到管理的成长路 径，历任南京学校常务副校长、校长等关键岗位，最终晋升为集团副总裁。 孙进的职业履历反映了俞敏洪的核心用人偏好。 12月24日，一则人事任命传开，新东方教育科技集团副总裁、广州学校校长孙进将担任东方甄选 （01797.HK）执行总裁。时代财经就此事求证东方甄选，相关人士回应称"消息属实"。另有报道指 出，东方甄选方面确认俞敏洪已敲定东方甄选接班人即孙进。 这个年末，新东方可谓不平静。 11月16日，一封发自南极的信将新东方创始人俞敏洪拖入舆论风暴。老板游南极、员工守岗加班的反差 感，不仅让员工难以共情，也引来网友的吐槽与不满。随后俞敏洪多次回应澄清，仍未能完全平息争 议。 事实上，过去近一年来，东方 ...

Group 1 - The news reports that Sun Jin, Vice President of New Oriental Education Technology Group and Principal of Guangzhou School, will take over as the Executive President of Dongfang Zhenxuan, with an announcement expected soon [2] - Sun Jin has been with New Oriental since 2006, initially working as a frontline teacher, and currently holds multiple leadership roles in various subsidiaries of New Oriental [2] - New Oriental Wokai De (Guangdong) Cultural Tourism Co., Ltd., established at the end of 2023, has a registered capital of 5 million RMB and is involved in tourism, management consulting, and exhibition services [2] Group 2 - Dongfang Zhenxuan is actively hiring for positions such as "Hotel Business BD" and "Self-operated Product Manager," indicating a focus on tourism and product development [3] - Sun Jin's extensive experience at New Oriental is seen as beneficial for integrating with Dongfang Zhenxuan's operations, although there are concerns about adapting to the fast-paced live e-commerce industry [3] - The previous CEO of Dongfang Zhenxuan, Sun Dongxu, resigned for personal reasons, having served since the company's rebranding in March 2023 [3]