Core Viewpoint - The integration of technological innovation and industrial innovation is essential for China's economic development and competitiveness in the global market, as emphasized in the 15th Five-Year Plan [1] Group 1: Technological and Industrial Innovation Integration - Technological innovation serves as the "source of vitality" for industrial innovation, while industrial innovation provides application scenarios and market space for technological advancements [1] - The deep integration of these two innovations can enhance industrial competitiveness and promote economic structural optimization, contributing to high-quality development [1] - Challenges such as insufficient high-quality technological supply and low conversion rates of technological achievements hinder the integration process [1] Group 2: Enhancing High-Quality Technological Supply - The strategy should focus on the "four orientations" to strengthen national strategic technological capabilities and optimize the layout of national laboratories and research institutions [2] - Key areas such as integrated circuits, artificial intelligence, biomedicine, and quantum technology require increased long-term support [2] - Collaboration between research institutions and enterprises is encouraged to address urgent technological needs in the industry, utilizing innovative research organization models [2] Group 3: Strengthening Enterprise Innovation - Enterprises are positioned at the forefront of the market and are crucial for driving technology implementation [2] - Encouragement for enterprises to lead innovation consortia and integrate resources from universities and research institutions to address industry challenges [2] - Support mechanisms for technology-leading enterprises and specialized small and medium-sized enterprises are essential for fostering innovation [2] Group 4: Creating a Vibrant Innovation Ecosystem - A robust innovation ecosystem is vital for nurturing new productive forces and enhancing the efficiency of innovation and application [3] - Reforms in the technological system should facilitate the free flow and efficient allocation of innovation factors such as talent, technology, and capital [3] - Establishing a supportive environment for innovation, including strong intellectual property protection and financial support for R&D, is necessary for encouraging bold innovation [3]

Core Insights - The 2025 Quantum Technology and Industry Conference held in Hefei showcased significant advancements in quantum technology, with 117 participating companies, a 120% increase from the previous year, and an exhibition area of 10,000 square meters, doubling from last year [1] - The conference highlighted China's achievements in quantum technology and outlined directions for future innovation and development, emphasizing the potential for a broader growth space in the quantum technology industry [1] - The establishment of a national high-tech zone collaborative innovation network by nine key players aims to enhance the integration of industry, academia, and research in quantum technology [2] Industry Developments - Companies presented cutting-edge solutions, including the first domestic superconducting quantum computing instrument solution by Keda Guandun Quantum Technology Co., which features the ez-Q Engine 2.0 and ez-Q Fridge 1500 [2] - The "Tianyan-287" superconducting quantum computer, developed in collaboration with China Telecom Quantum Group, is now accessible globally through the "Tianyan" quantum computing cloud platform [2] - The new generation OPM heart magnetometer developed by Mandi Medical utilizes highly sensitive quantum sensors for non-invasive and radiation-free detection of heart conditions [2] Financial Insights - From 2017 to 2024, there have been 27 investment events in China's quantum communication sector, with an average investment of 130 million yuan, peaking in 2022 with a total of 1.63 billion yuan [3] - As of September this year, there have been 13 investment events in the quantum communication industry, totaling over 1 billion yuan [3] - China Telecom has initiated a venture capital fund focused on the quantum industry, aiming to foster early-stage and growth-stage companies while creating a robust quantum industry ecosystem [3] Future Outlook - Quantum technology is anticipated to become a key driver for high-quality economic and social development, with ongoing technological breakthroughs and expanding application scenarios [4]

10月28日，《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》（以下简称《建议》） 正式发布。 与"十四五"规划建议相比，"十五五"规划建议将"建设现代化产业体系"摆在更加突出的位置，这背后有 何考量？遴选量子科技、生物制造等六大产业的底层逻辑是什么？新兴产业和未来产业未来10年新增规 模相当于再造一个中国高技术产业，意味着什么？人工智能（AI）出现8次，反映出怎样的导向？带着 这些关乎经济发展全局的关键问题，近日，《每日经济新闻》记者（以下简称NBD）专访了第十四届 全国政协委 员、中国社科院经济研究所原所长黄群慧。 黄群慧深耕产业经济领域多年，身兼国家制造强国建设战略咨询委员会委员，国务院反垄断委员会专家 咨询组成员等职，并连续担任"十四五""十五五"国家发展规划专家委员会委员，对中国产业发展的底层 逻辑与现实路径有着深刻洞察。 在采访中，他强调指出，在推动人工智能技术发展同时，不容忽视其就业替代与收入极化效应，技术创 新的社会影响必须纳入考量范围。 谈建设现代化产业体系：置于首位具有三大意义 NBD：与"十四五"规划建议相比，"十五五"规划建议把"建设现代化产业体系，巩固壮大实体经济根 基" ...

Core Viewpoint - The first batch of sub-funds, totaling approximately 6.5 billion yuan, aims to invest in Chengdu's "9+9+10" modern industrial system, focusing on key frontier technology areas such as artificial intelligence, quantum technology, advanced semiconductors, life health, and new energy [1][2] Group 1 - The first batch of sub-funds has been officially launched, marking the transition from policy planning to actual operation of Chengdu's trillion-yuan future industry fund cluster [1] - The sub-funds will adopt differentiated investment styles to support the development of nine characteristic advantage industrial clusters, nine strategic emerging industrial clusters, and ten future industrial fields in Chengdu [1] - A total investment of approximately 320 million yuan has been signed with four hard technology companies, covering sectors such as intelligent networking, advanced packaging, and medical technology [1] Group 2 - Chengdu's future industry fund strategy is being concretely implemented through the signing of the first batch of sub-funds and project agreements [2] - Jiaozi Capital will play a significant role in the operation of the future industry fund, having managed and participated in over 70 funds with a total scale exceeding 170 billion yuan [2]

Core Insights - Quantum technology is a strategic emerging field crucial for national information security, experiencing rapid market growth under national strategic guidance, with China's market size projected to grow from 4.523 billion yuan in 2015 to 13.104 billion yuan in 2024, reflecting a compound annual growth rate of 12.55% [1][14] - Significant breakthroughs in quantum technology are anticipated globally in 2024, transitioning from theoretical research to practical applications, with advancements in quantum computing platforms and quantum communication systems [1][14] - The development of quantum technology is expected to drive the next technological revolution, providing new tools and perspectives for exploring the unknown [1][14] Industry Overview - Quantum technology integrates principles of quantum mechanics with information science, computing, and materials science, focusing on information acquisition, processing, and transmission through quantum effects [4][13] - The industry primarily encompasses three core areas: quantum computing, quantum communication, and quantum precision measurement [4][13] Industry Development History - The Chinese government has emphasized the importance of advancing quantum technology, with strategic planning and support increasing since 2020 [6][9] - Notable achievements include the successful development of the "Zu Chongzhi No. 3" quantum computing prototype in March 2025, positioning China among the global leaders in superconducting quantum computing [1][7] - Recent advancements include the establishment of a 300-kilometer quantum direct communication network, validating the feasibility of long-distance secure communication [1][7] Industry Policies - The Chinese government has prioritized quantum technology in its "14th Five-Year Plan," aiming to implement significant national projects in frontier fields like quantum information [9][10] - The upcoming "15th Five-Year Plan" is expected to further promote quantum technology as a new economic growth point, alongside other emerging industries [9][10] Industry Value Chain - The quantum technology industry chain includes upstream components and technology development, midstream core equipment and system development, and downstream applications across various sectors such as cloud computing, finance, and defense [10][11] Market Size and Trends - The global quantum technology market is projected to reach $8.02 billion in 2024, with a year-on-year growth of 10.77%, and is expected to grow to $11.93 billion by 2025 [13] - Quantum computing dominates the market, accounting for 64.92% of the total, with North America leading in technological breakthroughs and industry applications [13][14] Key Companies - Major players in the Chinese quantum technology sector include China Great Wall Technology Group, Keda Technology, State Grid Information Communication, and others, contributing to a diverse competitive landscape [2][16] - China Great Wall Technology has reported significant growth in its computing industry, achieving a revenue of 5.148 billion yuan in the first half of 2025, a year-on-year increase of 9.63% [16] - Wuhan Guangxun Technology focuses on optical electronic devices and has seen a substantial increase in revenue from its data and access business, growing by 149.16% year-on-year in the first half of 2025 [16][17] Future Development Trends - Quantum computing is expected to overcome hardware performance bottlenecks, enhancing stability and developing new quantum bit architectures [17] - Quantum communication aims to establish broader and faster quantum key distribution networks, facilitating the construction of a future quantum internet [18] - Quantum measurement technology is anticipated to achieve significant precision improvements, expanding its applications in various fields [19]

《 人民日报 》（ 2025年11月22日 02 版） (责编：胡永秋、杨光宇) 新华社南京11月21日电 国务委员兼国务院秘书长吴政隆18日至21日在安徽、江苏调研经济运行、政务 服务等工作。他强调，要深入学习贯彻习近平总书记重要指示和党的二十届四中全会精神，切实把思想 和行动统一到党中央、国务院决策部署上来，紧紧围绕高质量发展主题，统筹发展和安全、兼顾当前和 长远，细化落实各项政策举措，加强跨年度工作衔接，着力稳就业、稳企业、稳市场、稳预期，坚定信 心、克难奋进，全力以赴完成全年经济社会发展目标任务。 吴政隆先后到合肥市、蚌埠市和无锡市、南京市，实地调研新能源汽车、人工智能、量子科技、新材 料、商业航天等企业和政务服务中心，并与有关地方政府、企业座谈交流。他指出，当前我国经济运行 总体平稳、稳中有进，要保持定力、坚定信心，坚持扩大内需这个战略基点，因地制宜发展新质生产 力，加快建设现代化产业体系，纵深推进全国统一大市场建设，进一步优供给、拓场景、促消费、育动 能，畅通国内国际双循环。加强普惠性、基础性、兜底性民生建设，有效防范化解重点领域风险，实现 高质量发展与高水平安全良性互动。 吴政隆强调，好的营商环 ...

Group 1 - The 2025 Quantum Science and Industry Conference was held in Hefei, Anhui, showcasing the latest achievements in quantum technology and promoting collaboration in the industry [1][2] - The conference theme "A Century of Quantum: Intelligence to Ignite the Future" focused on key aspects such as technological breakthroughs, results transformation, and innovation in application scenarios [2] - Major achievements announced included the "Zu Chongzhi No. 3" quantum computing record, advancements in neutral atom quantum computing, and intercontinental quantum key distribution over 12,900 kilometers [2][4] Group 2 - The conference featured 117 participating companies, a 120% increase from the previous year, and an exhibition area of 10,000 square meters, doubling from last year [4] - The event introduced several firsts, including the use of holographic projection technology to display the structure of superconducting quantum computers and a dedicated application exhibition area for quantum technology across various industries [5][6] - The Anhui provincial government announced a plan to implement over 1,000 application scenarios by 2027 and over 3,000 by 2030, focusing on quantum secure communication, quantum computing, and quantum precision measurement [6] Group 3 - Quantum communication is now scalable, while quantum precision measurement is advancing from isolated scenarios to broader applications [7][8] - Experts highlighted the disruptive potential of quantum computing, which could revolutionize problem-solving in fields such as molecular drug optimization, finance, logistics, and information security [7][8] - The quantum computing industry is expected to reach a scale of hundreds of billions within five years, with significant growth anticipated from 2031 onwards as various specialized quantum computers emerge [8]

Core Viewpoint - The "15th Five-Year Plan" emphasizes the transformation of the economy towards high-quality development, focusing on new productive forces as the main engine for growth, with a shift in investment paradigms towards technology innovation and industrial upgrading [1][2]. Group 1: Economic Development and Investment Opportunities - The "15th Five-Year Plan" highlights the importance of expanding domestic demand and improving income distribution to drive consumption as a key growth engine [2]. - The plan aims to significantly enhance the level of technological self-reliance, focusing on critical areas such as semiconductor equipment and high-end materials, while also exploring future industries like quantum technology and brain-machine interfaces [2][4]. - Investment logic is shifting from short-term speculation to long-term value, with a focus on companies with technological barriers and continuous innovation capabilities, particularly in advanced manufacturing and hard technology sectors [3][4]. Group 2: Structural Upgrades and Industry Focus - The economic development during the "15th Five-Year Plan" will rely more on structural upgrades rather than scale expansion, with advanced manufacturing and strategic emerging industries as key targets [4][5]. - Investment opportunities are identified in artificial intelligence, quantum technology, biomanufacturing, and commercial aerospace, as well as in the transformation of traditional manufacturing towards smart and green practices [4][8]. - The importance of industry chain collaboration and full-chain layout is emphasized, with a focus on integrating technology, industry, and finance to enhance overall competitiveness [6][7]. Group 3: Capital Market Dynamics - The capital market is expected to evolve with a new valuation system that prioritizes R&D intensity, core patent numbers, and technology conversion efficiency over traditional financial metrics [6][7]. - Long-term capital mechanisms are being improved to support stable funding for technology enterprises, with an anticipated increase in direct financing and a more favorable environment for private enterprises with core technologies [3][6]. - The focus on new energy, new materials, and strategic emerging industries is expected to create significant investment potential as traditional industries undergo transformation [8][19]. Group 4: Policy and Strategic Directions - The "15th Five-Year Plan" sets a clear policy direction for supporting emerging industries while also upgrading traditional sectors, ensuring a balanced approach to economic development [16][19]. - The emphasis on technological innovation as a core strategic priority reflects a commitment to transitioning from a manufacturing powerhouse to a technology-driven economy [19][20]. - Education reforms are aligned with strategic needs to ensure a robust talent pipeline for future industries, particularly in high-demand fields like AI and engineering [20].

吴政隆强调，好的营商环境既是软实力，更是竞争力。要坚持有效市场和有为政府相结合，着力打造市 场化法治化国际化一流营商环境，建设法治经济、信用经济，激发各类经营主体活力。要持续优化政务 服务、提升行政效能，常态化推进"高效办成一件事"，加力推动"一表通"建设，深入整治形式主义，更 好地为基层减负、为企业赋能。 新华社南京11月21日电 国务委员兼国务院秘书长吴政隆18日至21日在安徽、江苏调研经济运行、政务 服务等工作。他强调，要深入学习贯彻习近平总书记重要指示和党的二十届四中全会精神，切实把思想 和行动统一到党中央、国务院决策部署上来，紧紧围绕高质量发展主题，统筹发展和安全、兼顾当前和 长远，细化落实各项政策举措，加强跨年度工作衔接，着力稳就业、稳企业、稳市场、稳预期，坚定信 心、克难奋进，全力以赴完成全年经济社会发展目标任务。 吴政隆先后到合肥市、蚌埠市和无锡市、南京市，实地调研新能源汽车、人工智能、量子科技、新材 料、商业航天等企业和政务服务中心，并与有关地方政府、企业座谈交流。他指出，当前我国经济运行 总体平稳、稳中有进，要保持定力、坚定信心，坚持扩大内需这个战略基点，因地制宜发展新质生产 力，加快建设 ...

Group 1 - The core viewpoint emphasizes that the formulation and implementation of five-year plans is a significant experience for the Chinese Communist Party and a political advantage of socialism with Chinese characteristics [1] - The upcoming "15th Five-Year Plan" is set against a backdrop of instability and uncertainty in the international environment, with global challenges such as climate change, food security, and trade protectionism [1] - High-quality development is highlighted as a key principle for China's economic and social development during the "15th Five-Year Plan" period, focusing on emerging industries like new energy, aerospace, artificial intelligence, and semiconductors [1][2] Group 2 - The "15th Five-Year Plan" suggests that China will actively expand its openness, promote trade innovation, and enhance bilateral investment cooperation, including measures to attract foreign investment [2] - The establishment of the Hainan Free Trade Port is noted as a significant development, with global attention on how China will welcome foreign investment during the "15th Five-Year Plan" [2] - The action plan for the China-Pakistan community of shared destiny (2025-2029) aims to strengthen political trust, economic ties, and security cooperation, aligning with key development areas mentioned in the "15th Five-Year Plan" [2] Group 3 - The world anticipates a higher quality of development from China, with the "15th Five-Year Plan" expected to gradually meet these expectations [3] - The plan is seen as a pathway for China to achieve new breakthroughs in high-quality development and to advance towards a new stage of socialist construction [3] - An open, efficient, and vibrant China is projected to bring more certainty and development opportunities to the world, which are particularly valuable in the current global context [3]