Core Viewpoint - The "15th Five-Year Plan" outlines a strategic direction for China's economic and social development, emphasizing long-term stability and growth in the capital market, with a focus on digital technology, space economy, high-end manufacturing, domestic consumption, and biotechnology [1][25]. Macro Environment - The "15th Five-Year Plan" is positioned as a crucial phase in achieving socialist modernization by 2035, with a target of doubling GDP per capita compared to 2020 levels, necessitating an average annual GDP growth rate of approximately 4.4% from 2026 to 2035 [2][3]. Key Changes in Development Environment - Significant changes from the "14th Five-Year Plan" include advancements in technological innovation, adjustments in financial cycles, and increased geopolitical tensions, leading to a greater emphasis on domestic demand and a more confident approach to opening up [3][4]. Industrial and Technological Focus - The plan prioritizes the construction of a modern industrial system, enhancing efficiency and security in supply chains, and emphasizes the importance of traditional industries while fostering emerging sectors such as renewable energy and quantum technology [4][5][20]. Consumer and Demand-Side Policies - The plan aims to boost consumer spending through supply-side and demand-side measures, including improving the quality of consumer goods and services, enhancing employment and income distribution, and removing unreasonable consumption restrictions [7][9][10]. Open Economy Strategy - The "15th Five-Year Plan" emphasizes proactive and autonomous opening up, with a focus on expanding market access, promoting balanced trade development, and enhancing financial openness to improve China's position in the global financial system [11][12][13]. Green Transition and Carbon Goals - The plan identifies the "15th Five-Year Plan" period as critical for achieving carbon peak goals, with a focus on controlling coal and oil consumption, implementing dual control of carbon emissions, and promoting green consumption [15][16][20]. Fiscal and Tax Reforms - Fiscal reforms during the "15th Five-Year Plan" will focus on enhancing sustainability and the effectiveness of active fiscal policies, with an emphasis on improving the tax system and increasing public service spending to support consumption [17][18][22]. Capital Market Outlook - The capital market is expected to exhibit a "long-term" and "steady" trend during the "15th Five-Year Plan," supported by government emphasis on market development and favorable economic conditions [25][26]. Investment Opportunities - Key sectors for investment during the "15th Five-Year Plan" include digital technology, space economy, high-end manufacturing, domestic consumption, and biotechnology, with specific focus areas such as AI, 6G, and innovative healthcare solutions [26].

Group 1: Key Conclusions from the Report - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China outlines a clear "navigation map" for economic and social development over the next five years[1] - The report emphasizes three main lines of focus: industry, security, and domestic demand[1] - The overall word count of the report has decreased by approximately 1,000 words compared to the previous five-year plan, highlighting a more focused approach[12] Group 2: Changes and Emphasis - Increased emphasis on risks and challenges, particularly regarding international risks and uncertainties[14] - Security is now a significant theme, covering modern industrial system construction, national defense, social governance, and employment[15] - The importance of modern industrial system construction and original innovation in manufacturing is underscored[19] Group 3: Future Directions and Opportunities - The upcoming "15th Five-Year Plan" is expected to further emphasize safety, quality, efficiency, and sustainability[2] - Opportunities in modern industrial system construction, "safety + all industries," and domestic consumption are recommended for exploration[26] - The report indicates a strategic focus on enhancing domestic circulation's internal motivation and reliability, reflecting the importance of domestic demand[24]

Core Viewpoint - The article emphasizes the importance of strengthening original innovation and tackling key core technologies in China's economic and social development plan for the 15th Five-Year Plan [1] Group 1: Key Areas of Focus - The plan calls for a comprehensive approach to promote breakthroughs in critical core technologies across various sectors, including integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing [1] - It highlights the need to align with national strategic demands and implement significant national scientific tasks [1] Group 2: Research and Development Strategy - The article stresses the importance of enhancing the strategic, forward-looking, and systematic layout of basic research, increasing the proportion of investment in basic research, and providing long-term stable support [1] - It advocates for a research and technology development environment that encourages original and disruptive innovations, aiming to produce more landmark original achievements [1]

Core Insights - The Central Committee of the Communist Party of China has released recommendations for the 15th Five-Year Plan, emphasizing the need for original innovation and breakthroughs in key core technologies [1] - A new type of national system will be established to promote decisive breakthroughs in critical areas such as integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing [1] - The plan highlights the importance of national strategic needs and outlines the implementation of major national scientific tasks [1] Summary by Categories - **Innovation and Technology Development** - Strengthening original innovation and focusing on key core technology breakthroughs is a priority [1] - The establishment of a new national system will adopt extraordinary measures to support technological advancements across various sectors [1] - **Strategic Planning and Investment** - There will be an emphasis on strategic, forward-looking, and systematic layouts for basic research, with an increased proportion of investment in foundational studies [1] - Long-term and stable support for basic research will be enhanced to foster an environment conducive to original and disruptive innovations [1] - **Research and Development Focus** - The plan aims to optimize conditions for producing more landmark original achievements in scientific research and technology development [1]

Core Viewpoint - The Central Committee of the Communist Party of China has released recommendations for the 15th Five-Year Plan, emphasizing the need for original innovation and breakthroughs in key core technologies [1] Group 1: Key Areas of Focus - Strengthening original innovation and tackling key core technologies through a comprehensive approach [1] - Promoting decisive breakthroughs in critical fields such as integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing [1] - Implementing a series of major national scientific tasks that align with national strategic needs [1] Group 2: Research and Development Strategy - Enhancing the strategic, forward-looking, and systematic layout of basic research [1] - Increasing the proportion of investment in basic research and providing long-term stable support [1] - Fostering an environment conducive to original and disruptive innovation to yield more landmark original achievements [1]

Core Viewpoint - The article emphasizes the importance of enhancing original innovation and tackling key core technologies through a comprehensive approach, focusing on strategic national needs and implementing major scientific tasks [1] Group 1: Key Areas of Focus - Strengthening original innovation and key core technology breakthroughs in critical fields such as integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing [1] - Implementing extraordinary measures to promote a full-chain approach in achieving decisive breakthroughs in these key areas [1] Group 2: Strategic Planning - Highlighting the need for a strategic, forward-looking, and systematic layout in basic research, with an increased proportion of investment in foundational studies [1] - Emphasizing the importance of long-term stable support for basic research to foster an environment conducive to original and disruptive innovation [1] Group 3: Research and Development - Reinforcing the original innovation orientation in scientific research and technology development to produce more landmark original achievements [1]

Core Viewpoint - The article emphasizes the importance of technological modernization as a foundation for China's modernization, supported by deepening reforms in the scientific and technological system and increased research and development (R&D) investment [1][2][6]. Group 1: Technological Modernization and R&D Investment - The "14th Five-Year Plan" period has seen a significant rise in China's technological strength, with the national comprehensive innovation capability ranking improving from 14th in 2020 to 10th in 2024 [1]. - R&D investment is projected to exceed 3.6 trillion yuan in 2024, representing a 48% increase from 2020 [1]. - The top 1,000 private enterprises are expected to contribute 1.43 trillion yuan in R&D investment in 2024, with an average R&D intensity of 3.59%, surpassing the national average by 0.91 percentage points [1]. Group 2: Strategic Emerging Industries - The development of strategic emerging industries such as new energy, new materials, aerospace, and low-altitude economy is expected to create several trillion-yuan markets [2]. - The push for these industries is closely tied to technological modernization, which relies on reforms in the scientific and technological system [2]. Group 3: Focus on Original Innovation - The emphasis is placed on original innovation and tackling key core technologies, with a focus on integrated circuits, industrial mother machines, and high-end instruments [3]. - There is a need for sustained investment in foundational research to achieve breakthroughs in critical areas and to address "bottleneck" issues [3]. Group 4: Enhancing Research Personnel Motivation - The article highlights the importance of improving the talent evaluation system to focus on innovation capability, quality, effectiveness, and contribution, particularly for young innovators [4]. - It is crucial to ensure that research personnel can receive tangible returns in the capital market for their achievements, which will promote the transformation of scientific results [4]. Group 5: Encouraging Social Investment - The government aims to strengthen the role of enterprises in technological innovation and support the formation of innovation consortia to undertake national technological challenges [5]. - The integration of various groups, including private enterprises, is seen as a way to enhance the overall vitality of the research structure [5]. Group 6: Legal Framework for Private Economy - The "Private Economy Promotion Law," effective from May 20, emphasizes the need for private economic organizations to align with national strategic needs and industry trends to foster technological and industrial innovation [6].

【环球时报综合报道】中国外交部发言人10月24日宣布，应大韩民国总统李在明邀请，国家主席习近平将于10月30日至11月1日赴韩国庆州出席亚 太经合组织（APEC）第三十二次领导人非正式会议并对韩国进行国事访问。这是中国共产党第二十届中央委员会第四次全体会议后，习近平主 席首次出访和出席多边峰会。全球舆论密切关注中国领导人出访以及中国"十五五"规划将会给世界带来的重要影响和机遇。当天，中共中央举行 新闻发布会，介绍和解读四中全会精神。世界多国媒体和学者认为，世界正处于动荡之中，但中国却在为实现社会主义现代化"不懈努力、接续奋 斗"。巴西弗鲁米嫩塞联邦大学教授埃万德罗·卡瓦略表示，"十五五"规划将继续为低迷的世界经济注入"中国动力"，为广大发展中国家就如何通过 战略规划实现自主发展提供有益借鉴。外交部发言人郭嘉昆24日在记者会上表示，从"十四五"到"十五五"，中国展现了一张蓝图绘到底的决心和 毅力，也揭示了"中国之治"的成功密码。展望未来，一个自信开放的中国，将与各国共享机遇、共同发展，推进平等有序的世界多极化和普惠包 容的经济全球化，推动构建人类命运共同体。 香港《南华早报》引述科技部部长阴和俊在新闻发布会上的 ...

摘要 ： 科学仪器再迎利好。 党的二十大提出到2035年建成科技强国的战略目标。党的二十届四中全会提出要加快高水平 科技自立自强，引领发展新质生产力。这是以习近平同志为核心的党中央深刻洞察国内国际发 展大势、准确把握科技和经济社会发展规律作出的重大战略决策。 "十四五"时期，我国科技实力跃上新台阶，科技创新成果丰硕，新质生产力稳步发展，为"十 五五"经济社会发展奠定了坚实基础。2024年全社会研发投入超过3.6万亿元，较2020年增长 48%。高水平国际期刊论文数量和国际专利申请量连续5年排名世界第一。国家综合创新能力 排名由2020年的第14位提升至2024年的第10位。科技创新和产业创新加速融合，规上高技 术制造业增加值较"十三五"末增长42%，人工智能、新能源、生物科技等前沿领域正在形成 新 的 经 济 增 长 点 ； 科 技 创 新 让 天 更 蓝 、 水 更 清 ， 健 康 更 有 保 障 ， 给 人 民 群 众 带 来 更 多 的 获 得 感、幸福感、安全感。 面向未来五年，《建议》提出，中国式现代化要靠科技现代化作支撑。"十五五"时期，要抓住 新一轮科技革命和产业变革的历史机遇，统筹教育强国、科 ...

Core Viewpoint - The article emphasizes the importance of enhancing original innovation and tackling key core technologies as outlined in the recommendations for the 15th Five-Year Plan by the Central Committee of the Communist Party of China [1] Group 1: Key Areas of Focus - Strengthening original innovation and key core technology breakthroughs in critical fields such as integrated circuits, industrial mother machines, and high-end instruments [1] - Implementing a series of major national scientific tasks that align with national strategic needs [1] - Enhancing the strategic, forward-looking, and systematic layout of basic research while increasing long-term stable support [1] Group 2: Research and Development Direction - Reinforcing the original innovation orientation in scientific research and technology development to produce more significant original achievements [1]