Core Viewpoint - Guangxi is committed to supporting enterprises in diversifying their markets, focusing on expanding exports of key industries such as automotive, engineering machinery, and electronic information [1][2] Group 1: Trade Performance - In the first 11 months of 2025, Guangxi's foreign trade import and export value reached 726.54 billion yuan, a year-on-year increase of 9.5% [1] - Exports amounted to 429.69 billion yuan, reflecting a year-on-year growth of 13.2%, while imports were 296.85 billion yuan, with a growth of 4.6% [1] - ASEAN remains Guangxi's largest trading partner, with a total trade value of 384.22 billion yuan, up 10% year-on-year [1] - Trade with Vietnam reached 282.98 billion yuan, increasing by 7.1% year-on-year, while trade with Indonesia and Singapore saw significant growth rates of 51.7% and 62.7%, respectively [1] Group 2: Future Initiatives - Guangxi will continue to implement the "Industrial Trade Strengthening" project to expand the scale of major outward-oriented industrial projects [2] - The region aims to enhance the service mechanism for key foreign trade projects and strengthen trade situation monitoring and analysis to assist enterprises in adjusting their business strategies [2] - Innovations in border trade will be promoted, including support for the construction of small-scale trade warehousing and consolidation centers to improve export customs inspection efficiency [2] - The development of cross-border e-commerce will be accelerated, with efforts to establish a comprehensive pilot zone and attract cross-border e-commerce enterprises [2] - Guangxi plans to expand bonded logistics and encourage bonded logistics companies to engage in warehousing, consolidation, and distribution services [2]

12月12日，成渝地区国家先进制造业集群"强链融圈"暨成渝地区产业合作园区高质量发展推进活动 在成都举行。记者从活动上获悉，川渝两地锚定共同打造世界级先进制造业集群目标，携手共育成渝地 区电子信息先进制造集群和成渝地区生物医药集群2个国家先进制造业集群，规模总量突破2.2万亿元。 活动上，发布了成渝地区国家先进制造业集群及产业合作园区投资机会、企业供需、服务能力"三 张清单"和成渝地区双城经济圈产业合作园区典型案例。投资机会清单涉及四川蒲江经济开发区、重庆 开州高新技术产业开发区等35个川渝产业园区；企业供需清单围绕六大优势产业，聚焦产业链强链延链 补链关键领域精准对接，深入梳理重点企业在技术攻关、原材料供应、市场拓展、人才引进等方面近 200条需求；服务能力清单全面梳理科研、产业、金融等方面提供的专业化服务能力与公共服务资源。 现场启动了四川省产业园区"青年实干家计划"专项活动，19个市（州）53个产业园区的198个岗位面向 省内外高校发布，吸引一批硕博士研究生到园区和企业一线实践锻炼。 在生物医药专场活动上，发布104个生物医药公共服务平台清单，5项跨区域合作项目落地。这份清 单包括41个中试平台、28个 ...

Core Points - Chengdu aims to exceed a GDP of 3.2 trillion yuan by the end of the 15th Five-Year Plan, indicating a need for annual GDP growth of over 1.4 billion yuan during this period [2][4][5] - The development strategy for the 15th Five-Year Plan focuses on "innovation-driven, open leadership, integration of science and industry, and strong counties and active districts" to address the city's development challenges [4][5] - Chengdu's positioning includes becoming a national economic center, technology innovation center, international consumption center, and cultural creative center, while also establishing itself as a key base for advanced manufacturing and digital cultural industries [5][10] Economic Development - Chengdu's industrial revenue has crossed three trillion yuan during the 14th Five-Year Plan, with significant growth in electronic information and equipment manufacturing sectors [6][7] - The city plans to build a modern industrial system centered on advanced manufacturing, enhancing the global competitiveness of its existing industries while developing new sectors like artificial intelligence and low-altitude economy [7][9] Regional Integration - Chengdu will enhance its role in the Chengdu-Chongqing economic circle by promoting collaborative development through five key initiatives, including building an international transportation hub and a world-class advanced manufacturing cluster [9] - The "strong counties and active districts" strategy aims to foster differentiated development across urban and rural areas, enhancing overall regional balance and support for the Chengdu metropolitan area [9] Digital Cultural Industry - Chengdu is prioritizing the development of the digital cultural industry, with plans to exceed 410 billion yuan in total scale by 2025 and 600 billion yuan by 2030, positioning itself as a national leader in this sector [11][12] - The city has implemented a comprehensive policy package to support the digital cultural industry, including the establishment of a 3 billion yuan fund for sci-fi and future industries [11] Quality of Life - Chengdu has been recognized as the "most livable city" for 17 consecutive years, with initiatives aimed at enhancing quality of life through employment, education, healthcare, and environmental improvements [13][14] - The city plans to implement policies that promote happiness and well-being, focusing on sustainable urban development and ecological quality [13][14]

Core Insights - Shenzhen is recognized as a city of innovation, leading in research and development (R&D) investments among major cities in China, with a strong emphasis on high-quality economic development [1] Group 1: R&D Investment and Personnel - In 2024, Shenzhen's R&D expenditure ranks second among major cities in China, while its R&D intensity is the highest nationwide [1] - BYD leads in R&D personnel with 121,600 employees and an R&D investment of 30.9 billion yuan in the first half of 2025, making it the top company in Shenzhen [2][4] - Industrial Fulian and ZTE also have over 30,000 R&D personnel, with 12 Shenzhen-listed companies employing more than 5,000 R&D staff [2] Group 2: R&D Investment Proportions - 13 Shenzhen-listed companies have an R&D personnel ratio exceeding 60% of their total workforce [3] - The highest R&D personnel ratio is held by Meige Intelligent at 83.53%, followed by Holitech at 82.06%, and Zhongke Lanyun at 80.84% [2] - In the first half of this year, 13 Shenzhen-listed companies invested over 1 billion yuan in R&D, while 22 companies invested over 600 million yuan [5] Group 3: R&D Outcomes and Patents - The companies with the highest R&D investment-to-revenue ratios include Kesi Technology at 84.88%, followed by Zhixin Precision at 60.61%, and Bangyan Technology at 56.08% [5] - The top three companies in terms of patent numbers are ZTE, BYD, and Haiyang Wang, with 13 Shenzhen-listed companies holding over 2,000 patents [5]

Group 1 - The core transaction involved a block trade of 21.58 million shares of Aerospace Nanhu, amounting to 7.7494 million yuan, with a transaction price of 35.91 yuan per share [1][2] - The buyer of the block trade was an institutional special seat, while the seller was UBS Securities Co., Ltd. Shanghai Huayuan Shiqiao Road Securities Business Department [1][2] - On the same day, Aerospace Nanhu's closing price was 35.91 yuan, reflecting an increase of 2.72%, with a daily turnover rate of 11.14% and a total trading volume of 348 million yuan [1][2] Group 2 - The latest margin financing balance for Aerospace Nanhu is 151 million yuan, which has decreased by 12.7666 million yuan over the past five days, representing a decline of 7.79% [2] - Aerospace Nanhu Electronic Information Technology Co., Ltd. was established on June 28, 1989, with a registered capital of 337.248 million yuan [2]

记者：李文哲、杨静 新华社音视频部制作 【纠错】 【责任编辑:邱丽芳】 12月9日至10日，来自爱尔兰、韩国、巴基斯坦、土耳其等多国媒体人士实地探访郑州航空港经济综合实验区，感受中国经济"向新""向智"。 作为我国唯一一个由国务院批复设立的国家级航空港经济发展先行区，郑州航空港经济综合实验区已由单一的航空运输转型升级为现代物流、电 子信息、新能源汽车等新兴产业集聚地，前三季度地区生产总值首次突破1200亿元大关，同比增长11.1%。 ...

Core Viewpoint - Zhengzhou's 14th Five-Year Plan outlines a new development blueprint for the city, emphasizing high-quality development and efficient governance, with a focus on leveraging local advantages for growth [1] Group 1: Development Strategies - The city of Dengfeng aims to align its actions with the spirit of the Zhengzhou Municipal Committee's meeting, focusing on high-quality development through three main strategies: industrial upgrading, cultural tourism integration, and comprehensive rural revitalization [1] - Dengfeng's key industries include new materials, equipment manufacturing, and aluminum processing, which are being developed into a cohesive industrial chain [2] - The city plans to enhance its cultural tourism sector by developing the Songshan cultural tourism area and striving to establish a national 5A-level tourist attraction [2] Group 2: Economic Goals - Dengfeng aims to attract over 35 million tourists by 2030, focusing on digital tourism, night economy, and homestay clusters to boost the local economy [2] - The city is committed to creating a modern industrial system characterized by innovation, sustainability, and integration, with a focus on emerging industries such as low-altitude economy, new energy, and biomedicine [2] Group 3: Urban and Rural Integration - The city is working towards a model of urban-rural integration, enhancing infrastructure and public services to promote a symbiotic development pattern [2] - Dengfeng is focusing on developing specialty industries in rural areas, such as highland vegetables and quality forest fruits, to support rural revitalization [2] Group 4: Governance and Safety - The city is implementing a governance model that integrates artificial intelligence into urban management and public safety, aiming to modernize social governance [2] - Dengfeng is prioritizing ecological protection and risk management to ensure a safe and stable environment for its residents [2] Group 5: Immediate Action Plans - The year 2026 marks the beginning of the 15th Five-Year Plan, with Dengfeng planning to adopt a proactive approach to project construction and consumption stimulation during peak seasons [3] - The city is focusing on investment attraction through a comprehensive approach, aiming for a strong start to the 15th Five-Year Plan [3]

Core Viewpoint - Chengdu has established a new strategic positioning for the "14th Five-Year Plan" period, aiming to accelerate the construction of various centers and bases, including economic, technological, cultural, and advanced manufacturing centers, as well as a high-quality living environment [1][3][4]. Strategic Positioning - The new positioning includes five centers: national important economic center, technological innovation center, international communication center, international consumption center, and cultural creativity center [6][8]. - Additionally, it identifies five key areas: important carrier of national strategic scientific forces, advanced manufacturing base, digital cultural and creative industry gathering place, new high ground for reform and opening up, and high-quality livable area [9][10]. Economic Goals - Chengdu's GDP is projected to grow from 1.77 trillion yuan in 2020 to 2.35 trillion yuan by 2024, aiming for a total economic output exceeding 3.2 trillion yuan by the end of the "15th Five-Year Plan" period [4][6]. - The city aims to maintain an annual economic growth rate higher than the provincial average and to have over 16 counties and districts ranked among the national top 100 [4][6]. Development Strategies - The development strategy emphasizes "innovation-driven, open-led, integration of science and industry, and strong counties supporting districts" to address the constraints on high-quality development [5][14]. - Specific tasks include enhancing technological innovation, promoting advanced manufacturing, and building a digital economy [14][15]. Cultural and Creative Industry - Chengdu plans to accelerate the development of the digital cultural and creative industry, with a target of exceeding 410 billion yuan by 2025 and 600 billion yuan by 2030 [10][11]. - The city has implemented a comprehensive policy package to support the digital cultural and creative industry, including the establishment of a 3 billion yuan fund for sci-fi and future industries [10]. Action Plans - The "15th Five-Year Plan" outlines eight key tasks to ensure the implementation of the strategic positioning, focusing on integrating into national strategies and enhancing regional coordination [14][15]. - Specific initiatives include promoting urbanization, rural revitalization, and improving the quality of life for residents through various social and economic measures [17][18].

Core Viewpoint - The Central Economic Work Conference held on December 10-11, 2025, emphasized the need for qualitative and effective economic growth while ensuring reasonable quantitative growth, setting the direction for China's economic focus in the "14th Five-Year Plan" period [1][2]. Economic Policy and Strategy - The conference highlighted the importance of fully tapping economic potential, balancing policy support with reform innovation, and integrating investments in both physical and human capital [2][3]. - A series of "musts" were proposed to guide economic work, reflecting a deepened understanding of economic operations under new circumstances [2][3]. - The conference called for a more proactive macroeconomic policy, emphasizing stability and quality improvement, and increasing counter-cyclical and cross-cyclical adjustments [4][5]. Domestic Market Development - Building a strong domestic market was identified as a strategic foundation for modernization, with a focus on enhancing domestic demand and addressing the current insufficient effective demand [7][8]. - Specific measures to boost consumption and investment were outlined, including increasing central budget investments and optimizing local government bond usage [7][8]. Innovation and New Growth Drivers - The conference stressed the need for innovation-driven growth, proposing the establishment of international technology innovation centers in key regions [9][10]. - It emphasized the importance of integrating technological and industrial innovation to enhance overall efficiency in the industrial system [9][10]. Reform and Opening Up - The conference underscored the necessity of deepening reforms to stimulate high-quality development, addressing systemic barriers, and promoting a unified national market [12][13]. - Specific measures for expanding service sector openness and enhancing digital and green trade were proposed [12][13]. Regional Development and Coordination - Promoting coordinated regional development and urban-rural integration was highlighted as essential for modernization, with a focus on county-level economic development [13][14]. - The conference called for strengthening cooperation among major urban clusters and enhancing the overall planning of coastal economies [13][14]. Green Transition - The conference outlined a commitment to a comprehensive green transition, emphasizing carbon reduction and environmental protection measures [15][16]. - Specific actions were proposed to improve energy efficiency and manage pollution, aiming for a balance between economic growth and environmental sustainability [15][16]. Social Welfare and Employment - The conference focused on improving people's livelihoods, with measures aimed at stabilizing employment for key groups and enhancing educational opportunities [17][18]. - It emphasized the importance of translating economic development outcomes into improved living standards for the populace [17][18]. Risk Management - The conference addressed the need to manage risks in key areas, particularly in the real estate market and local government debt [18][19]. - Specific strategies were proposed to stabilize the real estate market and mitigate local government debt risks, ensuring sustainable economic development [18][19]. Leadership and Governance - The conference stressed the importance of strong leadership in economic work, advocating for a unified approach to implementing economic policies [20][21]. - It called for a focus on performance metrics that prioritize public welfare and effective governance [20][21].

Core Viewpoint - Chengdu and Kunming are enhancing their cooperation to build a Southbound Logistics Corridor, leveraging their geographical advantages and hub functions to promote high-quality development and expand industrial access to international markets [1][3]. Group 1: Strategic Cooperation - A promotional event was held in Kunming, focusing on deepening cooperation between Chengdu and Kunming, with both cities' logistics offices presenting their development strategies and industrial advantages [3]. - A strategic cooperation agreement was signed between the logistics offices of Chengdu and Kunming, aiming to jointly build a new Southbound corridor and promote new platforms for openness and industrial trade integration [3][5]. Group 2: Logistics Development - The two cities are exploring a "China-Laos Railway + China-Europe Railway Express" intermodal transport model to establish an air cargo transit hub targeting South Asia and Southeast Asia [3]. - Chengdu and Kunming have developed a comprehensive "air-ground" network, with over 50 round-trip flights daily and a railway system that connects the China-Laos Railway and the China-Europe Railway Express [5]. Group 3: Industry Integration - The smooth logistics channels are accelerating industrial linkages, allowing Chengdu's electronic information and automotive parts to reach ASEAN markets via the China-Laos Railway, while Kunming's floral products quickly enter Chengdu's distribution network [5]. - Companies in both cities are building a supply chain collaboration system in cross-border e-commerce, cold chain logistics, and new energy equipment, enhancing their overall influence in South Asia and Southeast Asia [5].