（原标题：A股涨了，信心回来了吗？长江商学院调查显示六成以上投资者看涨） A股涨了，是基本面复苏，还是泡沫正在积聚？ 9月23日，长江商学院在北京校区发布2025年第三季度《投资者情绪调查报告》，这也是长江商学院第18次发布投资者情绪调查。 调查结果显示，与2025年4月调查相比，投资者对股票市场的情绪有所回暖，认为A股会上涨的意见占比约63.1%，提高1.6个百分点；同时，近期 A股的上涨行情推动了受访者对股市的投资积极性，本期，愿意投资股票的净增加人数占比约18.9%，比上期提高了6.2个百分点。这次中美贸易 摩擦期间，我国采取的应对策略所展现出的前瞻性、系统性和精准性，显著增强了投资者对中国经济与科技自主发展能力的信心，受访者对经济 增长和上市公司净利润增速的预期好于上期。目前，房地产行业下行调整尚未结束，受访者对房地产的预期目前整体仍然处于悲观情绪。 《长江商学院投资者情绪问卷调查（CKISS）》报告由长江商学院会计与金融学教授、投资研究中心主任刘劲和研究员陈宏亚推出，是对中国资 本市场投资人情绪和预期的调查。数据源于2025年8月投资者情绪问卷调查以及A股上市公司2025年第二季度财报以及其他最新的 ...

Core Viewpoint - The low-altitude economy in Shaanxi is rapidly developing, driven by policy support, technological innovation, and the establishment of a comprehensive industrial chain, with a focus on applications in logistics, agriculture, tourism, and urban management [1][2][3][6][7]. Policy Support - Shaanxi has introduced special plans and support policies to create a full industrial chain for low-altitude economy, providing financial support for enterprise settlement, R&D investment, and scene opening [2]. - The establishment of the first civil drone test flight base in Xi'an serves as a testing ground for innovative achievements, facilitating the transition from laboratory to market [2]. - The provincial market supervision bureau has implemented measures to strengthen and supplement the low-altitude economy industry, optimizing the business environment for private enterprises [2]. Industry Growth - As of now, Xi'an has gathered 657 low-altitude economy-related enterprises, with the industry chain's output value exceeding 300 billion yuan [3]. - The low-altitude economy is seen as a new blue ocean, with core technology breakthroughs being crucial for private enterprises in Shaanxi to seize high ground [4][5]. Technological Innovation - Companies like Xi'an Tianhe Defense Technology Co., Ltd. have developed intelligent electronic defense systems for low-altitude applications, showcasing significant technological advancements [4][5]. - The integration of AI, IoT, and big data into drone systems is being pursued by companies such as Inno Technology, enhancing their autonomous decision-making capabilities [5]. Application Expansion - The successful launch of Shaanxi's first intercity low-altitude logistics route marks a significant milestone for the commercial application of large drones [6]. - Drones are being utilized in agriculture for tasks such as precise pesticide spraying, significantly reducing labor and chemical usage [6]. - The tourism sector is also benefiting from low-altitude applications, with helicopter tours attracting over 500 visitors daily during events [6]. Future Outlook - The continuous innovation in application scenarios is expected to expand the boundaries of the low-altitude economy, laying a solid foundation for a trillion-yuan market [7].

Core Insights - The third National Skills Competition showcased 106 competition projects, attracting 3,420 participants and 3,275 judges, highlighting new professions and technologies in various industries [1] - The competition emphasized new trends in industry skills, with over 50% of projects focusing on smart manufacturing, high-end equipment, digital technology, and renewable energy [1] Group 1: New Projects and Trends - The competition introduced six new selection projects for the World Skills Competition, including drone systems, smart security technology, software testing, digital interactive media design, dental restoration technology, and retail [3] - The inclusion of rural revitalization as a competition category reflects the event's alignment with current social production needs and the direction of vocational education reform [3] Group 2: Participant Characteristics - A notable trend among participants is the high educational background, with 13 PhDs, 286 Master's degrees, and 843 Bachelor's degrees, making up 33% of all competitors, particularly in advanced technology fields [4] - The age range of participants spans from 16 to 57 years, indicating a focus on lifelong skill development [5] - The proportion of enterprise employees participating in the national selection projects exceeded 50%, enhancing innovation and technical skills within the workforce [7] Group 3: Technological Applications - Many projects involved robotics, requiring participants to master various technical skills, including programming and understanding industry standards to ensure reliability and precision in robot operations [10] - The competition featured service robots performing tasks like delivery and waste sorting, showcasing the practical applications of robotics in daily life [8] Group 4: New Productive Forces - Projects like smart security technology incorporated AI, requiring participants to program AI for specific tasks, reflecting the integration of new technologies into traditional fields [14] - The dental restoration technology project demonstrated significant advancements, reducing the production time of dentures from one week to one day through digital techniques, enhancing patient experience [16] Group 5: Skill Demonstrations - Participants showcased exceptional skills, such as a competitor from Shandong who demonstrated precision in stacking glasses using a forklift, highlighting the rigorous training and practice involved in mastering such skills [19] - The exhibition of intangible cultural heritage skills, such as sand painting and mechanical clock-making, illustrated the blend of traditional craftsmanship with modern skill competitions [21]

出品｜虎嗅科技组 作者｜陈伊凡 编辑｜苗正卿 头图｜Web Summit提供 在旧金山，正在运行着一个中国模型，"这可能是硅谷最大的'不能说的秘密'。" 与帕迪·科斯格雷夫（Paddy Cosgrave）刚见面，他就一面展示着他上一秒在DeepSeek上询问的问题 一面解释，那些压根不做AI的公司，全在跑DeepSeek的本地化版本。"既然有它，谁还愿意掏钱去用 OpenAI或Anthropic？" 帕迪·科斯格雷夫 帕迪·科斯格雷夫是Web Summit（全球网络峰会）的CEO兼创始人， Web Summit是欧洲最大的科 技峰会，也是全球最大规模科技活动之一，至今已经创办了第16年，见证了多次科技浪潮的涌动。 如今，这个全球科技峰会已汇聚了超过 100 万名与会者，特斯拉创始人兼CEO马斯克、OpenAI创始 人山姆·奥尔特曼、著名物理学家斯蒂芬·霍金、加拿大前总理特鲁多、美国前副总统戈尔、黑石集团 联合创始人苏世民、美国最大风险基金之一凯鹏华盈的合伙人Mood Rowghani等都曾是这个峰会的 演讲者。 Web Summit现场 我们在张江科学城对面的希尔顿酒店简短会面，他刚在浦江创新论坛上发表了演讲 ...

Group 1 - The recent rise in A-shares indicates a recovery in investor confidence, but a long-term bull market requires strong fundamental support [1] - As of September 2025, approximately 63.1% of surveyed investors believe A-shares will rise, an increase of 1.6 percentage points from April 2025 and 15.6 percentage points from July 2024 [1] - The expected return rate for A-shares is around 1.6%, up 1 percentage point from April 2025 and 5.6 percentage points from July 2024 [1] Group 2 - The valuation recovery of A-shares is driven by three main factors: monetary policy, fiscal policy, and technological advancements [1][2] - The central bank has released liquidity through multiple measures, including a total of approximately 2 trillion yuan from two reserve requirement ratio cuts [1] - Public investment in infrastructure, supported by high fiscal deficits, is expected to boost economic growth and improve corporate fundamentals [2] Group 3 - China's technological enterprises have made significant breakthroughs, with companies like Yushun Robotics and DJI gaining international attention, leading to strong performance in related sectors [2] - By August, sectors such as semiconductors and automation equipment saw stock price increases of over 60% year-on-year [2] Group 4 - Strategic responses to US-China trade tensions have bolstered market confidence in China's economic and technological self-reliance [4] - The proportion of China's exports to the US has decreased from 19.3% in 2018 to 11.8% in the first half of 2025 [4] - Efforts to reduce reliance on US high-end AI chips and promote domestic chip development have strengthened China's negotiating position [4] Group 5 - Despite improved market sentiment and strong performance from tech companies, overall earnings growth for non-financial A-share companies remains low [4] - The current rise in A-shares is primarily driven by valuation rather than fundamental improvements, raising concerns about sustainability [4] Group 6 - China's economy grew by 5.3% year-on-year in the first half of the year, aligning with the growth target of around 5% [5] - The inflation rate was nearly zero in the first half, which is unfavorable for corporate profitability [5][6] - Transitioning the economic structure from investment to consumption, along with promoting innovation and upgrading industries, are critical for fundamental development [6]

新京报讯（记者曹晶瑞）9月23日，延庆召开低空技术产业人才大会，现场多款尖端科技无人机亮相， 《北京市延庆区低空技术产业领域急需紧缺人才引进支持保障的十条措施（试行）》（以下简称《措 施》）同步发布。 该《措施》还特别设置成果激励与专属服务。人才若能破解产业"卡脖子"难题或引领行业发展，可一次 性获得资金奖励；"延庆英才卡"同步配套，涵盖医疗、子女教育、旅游等12项贴心服务，全方位保障人 才生活需求。 记者了解到，自2020年10月获批中国民航局首批、北京市唯一民用无人驾驶航空试验区以来，延庆区已 集聚130余家行业领军企业，构建了涵盖研发设计、整机制造、运营服务、反制技术等环节的全产业链 条，成为北京市无人驾驶航空示范区。延庆区人才工作局局长冯明山表示，希望通过"低空十条"政策保 障，不断优化延庆区人才发展生态，为低空技术产业人才搭建广阔舞台，"未来，随着各项举措落地， 延庆将进一步释放'人才红利'，推动低空技术产业成为新质生产力增长极，为区域高质量发展注入强劲 动能。" 新京报记者梳理发现，作为北京低空技术创新和产业发展先导区，延庆区此次发布的"低空人才十条"聚 焦战略科学家、行业领军人才、专业技术人才、 ...

这是9月17日拍摄的广西南宁国际会展中心。当日，第22届中国－东盟博览会暨中国－东盟商务与投资峰会在广西南宁开 幕。新华社记者 曹祎铭 摄 9月19日在南宁国际会展中心拍摄的广西北投低空经济投资有限公司展台。新华社记者 周汀鹭 摄 新华社南宁9月23日电（记者郭轶凡）走进中国—东盟博览会数字经济展厅，一架臂展5.2米长、悬挂在墙壁上的大型无人机吸引了许多目 光。这是中国的一家无人机企业星际航空带来的展品。 该公司副总经理何杰告诉记者，不同于常见的小型无人机，油电混动的大载重无人机是公司主要产品，主要用在农业植保、应急救援、物流 载重等领域。 "我们已经出口到许多国家，这类无人机在印尼、泰国等也很受欢迎，希望借东博会进一步打开东盟市场。"何杰说。 第22届中国—东盟博览会日前在广西南宁举行，来自60个国家的3200余家中外企业参展，展览总规模近16万平方米。此次东博会签约的45个 10亿元（含）以上项目中，涵盖新能源和低空经济等细分行业。 "第一次参加东博会""很多客商洽谈咨询""前景广阔"……记者对话多家前来参展的企业了解到，东盟已经成为中国无人机企业热切关注的潜 力巨大的出口市场。 近年来，中国无人机产业迅 ...

Core Insights - The event themed "Gathering Strength for Blue Sky Economy, Building Low Altitude Future" was held in Changchun's Green Park District, focusing on the aviation and low-altitude industry [1] - Numerous enterprises, research institutions, financial organizations, and industry experts gathered to explore new opportunities for industrial development and promote deep integration of technology, capital, and market [1] Industry Developments - Key enterprises in the Green Park District showcased their advantages and achievements in core components for rail transit, general parts for automobiles and drones, new materials, and drone training [1] - Representatives from external enterprises shared cutting-edge trends and collaboration opportunities in the aerospace industry and low-altitude economy, highlighting advancements in drone R&D and innovative low-altitude flight service models [1] Collaborative Efforts - During the supply-demand matching and interactive communication session, enterprises from both inside and outside the region engaged in in-depth discussions on market connectivity, complementary advantages, and industrial interconnection [1] - Consensus was reached on future development layouts, industrial support, talent cultivation, and cooperation between industry, academia, and research [1]

来源：内蒙古日报 □本报记者 薛来 实习生 赵靖 巴彦淖尔市乌拉特前旗首期无人机驾驶员培训班近日开班，吸引了众多学员报名参加，为当地农牧民和 待业青年开辟了新的职业发展路径。 在乌拉特前旗职业中等专业学校的无人机实训基地，一架无人机在教练的精准操控下腾空而起，流畅完 成水平八字飞行演示。与此同时，另一架植保无人机将雾化药液如细雨般均匀喷洒而下。这场融科技展 示与实操教学于一体的飞行演示，引来现场学员的阵阵赞叹。 "以前人工打药时，既费时又费力，现在利用无人机，一天就能完成几百亩地的作业，效率太高了！"该 校高三学生郭兴民兴奋地说，"通过教练的讲解和演示，让我们真正理解了科技是第一生产力的内涵， 我对未来职业发展有了新的想法。" 在无人机模拟飞行训练实验室，新学员们屏息凝神地观摩学习。"操作无人机不是在'打游戏'，得把飞 行原理、气象知识、应急处置融会贯通。"在培训师的提醒下，参训学员鲁学聪紧盯屏幕，小心翼翼操 控手柄模拟飞行。鲁学聪是一名退伍军人，通过亲戚介绍和自主调研，他发现无人机行业前景广阔，于 是主动报名参加了这次培训。"取得证书后就业渠道更宽了，相当于给未来上了'双保险'。"他说。 随着低空经济日益成 ...

与传统汽车维修不同，这里没有油污和扳手，取而代之的是精密的电路模块和智能传感器。选手们需要快速 定位问题电路模块，排除各种技术障碍，展现对新兴技术的理解力和解决问题的能力。 第三届全国技能大赛智能网联汽车装调运维赛场上，河南选手李晓强（左一）正在专心进行比赛。河南日报 社全媒体记者 徐聪 摄 千百年来，技能推动下的创新创造，始终是推动发展的重要力量。第三届全国技能大赛设置的106个竞赛项目 中，智能制造、高端装备、数字技术等赛项占比超过50%。河南代表团参加了全部106个赛项的比赛。 "我参加的项目叫无人机系统，是前两届全国技能大赛所没有的，同时又是世赛选拔项目，将首次出现在明年 举办的第48届世界技能大赛中。"9月22日晚，来自河南技师学院的21岁选手王钰航说，"无人机系统项目融合 了机械、电子和计算机工程知识技能，考核选手对无人机的安装、调试、维护、编程及飞行任务完成能力， 是无人机行业的未来发展方向。" 赛项难度大，更激发了王钰航的好胜心。"我全身心投入比赛，个人的技能有了质的飞跃。同时，通过观察其 他选手，也发现了更适合自己的学习方法。"他说。 王钰航的成长足迹里，藏着个人精进技能的密码；我省所有选手 ...