美国本以为通过关税战能将制造业带回美国，遏制中国发展，结果却适得其反。美国的农民遭遇了重创，拖拉机销量持续下滑；制造业不仅没有回流，失业 率反而不断上升；所谓的关税收益，比起美国巨大的财政赤字不过是杯水车薪。而在对美出口减少的情况下，中国的贸易顺差依然突破了万亿美元，用具体 的数字证明了美国霸权的衰落，也证明了最终还是中国占了上风。这场胜利的背后，是中国敢于斗争、善于斗争的智慧。中国不主动挑起争端，但绝不会退 缩，面对美国的极限施压，始终以对等的方式进行反击；我们不追求单方面的利益，只坚持公平原则，让美国的关税壁垒成为国际社会的笑柄。150多个国 家的支持，既是对中国发展模式的认同，也是对美国霸权主义的集体反抗。从2013年一带一路倡议启动，到2025年关税战胜利收官，中国用了13年时间，深 刻证明了霸权主义行不通，合作共赢才是唯一的正确道路。突破万亿贸易顺差并非终点，而是新的起点。拥有150多个伙伴的并肩作战，以及多年积累的韧 性，未来无论面临任何挑战，中国都能充满底气。此次胜利更是向全球宣告：美国霸权已经失去力量，公正最终会赢得人心，实力造就底气，全球未来，注 定由中国引领！ 这一切的故事要从2013年开 ...

作为2025年度国家博物馆"国家展览"项目之一，本次展览通过高端制造、产业基础、智能制造、绿色制 造、融合发展、美好生活等六部分、300余件(套)展品，全景呈现"十四五"期间中国制造蓬勃发展的历 程，为公众直观呈现中国制造的硬核实力与民生温度。 记者注意到，绿色制造板块以"技术赋能低碳转型"为核心，串联"节能、减排、循环"全链条，通过具象 化的绿色生产场景，传递产业发展与绿色生态和谐共生的发展理念。重点展品包括：全自动撬装式 VOCs废气处理系统、钢结构冷却塔模型、水电解制氢电解槽模型、"国和一号"CAP1400核电主泵模 型、尾气生物合成乙醇及蛋白项目、二氧化碳到淀粉的人工合成沙盘、碳捕集纤维制成的成衣、国内单 体最大低温多效海水淡化模型、新能源动力电池拆解破碎回收生产线视频、零碳工业园区沙盘等。 能源与材料领域系列制造成果亮相 中化新网讯近日，由中国国家博物馆、工业和信息化部新闻宣传中心联合主办的"筑基强国路——中国 制造'十四五'成就展"在中国国家博物馆开幕。 ...

报告显示，2025年，我国市值管理制度从理念倡导走向制度化、体系化、实践化。一是市值表现反映国 家战略导向。2025年，在集成电路、人工智能、高端制造、生物制造等涉及国家战略的新兴产业和重点 领域，上市公司市值表现较为突出。 本报讯(记者李乔宇)1月5日，中国上市公司协会发布2025年A股上市公司市值表现报告。报告显示，全 市场层面，截至2025年12月31日，上证指数从2025年初的3351.76点增长至3968.84点，上涨18.4%；截 至2025年底，A股上市公司共5469家，总市值123万亿元，其中2025年新增上市公司116家，2025年1月1 日前上市的存量公司5353家，2025年存量上市公司总市值同比增长22.5%。 从行业层面来看，2025年科技驱动型行业市值增幅较大，以制造业、科学研究和技术服务业为代表的高 新技术企业市值变化最突出，总市值较年初分别增长33.3%和32.1%。 二是政策指引更加体系化和精准化。近年来，监管部门陆续出台系列政策文件，并购重组、现金分红、 股份回购等制度不断完善，优化上市公司开展市值管理工作的"工具箱"，引导上市公司关注自身投资价 值，推动公司内在价值与市场 ...

Summary of Key Points from the Conference Call Industry and Company Overview - The discussion centers around the Chinese economy and stock market, particularly focusing on the year 2026 as a pivotal point for China's return to prosperity, drawing parallels with historical trends in the United States and Japan during their industrialization phases [2][5][6]. Core Insights and Arguments 1. **Economic Recovery and Growth**: 2026 is anticipated to mark the beginning of China's return to prosperity, driven by a per capita GDP exceeding $10,000, which signifies a mature industrial phase. This is expected to enhance manufacturing export capabilities and improve domestic consumption [2][5][6]. 2. **Impact of U.S. Federal Reserve Policies**: The Federal Reserve's potential interest rate cuts and quantitative easing (QE) are expected to increase global liquidity, facilitating the return of cross-border capital to China, which will support the appreciation of the Renminbi and aid in the recovery of the balance sheets of the real economy [2][4][7]. 3. **Commodity Supercycle**: A supercycle for commodities began in April 2025, driven by abundant global liquidity. The focus should initially be on PPI manufacturing sectors, followed by CPI consumer sectors as monetary policies are implemented [2][8][14]. 4. **Technology Sector Outlook**: The technology sector remains a strong investment theme, with a focus on humanoid robots, AI applications, and new consumption trends. A dynamic scoring model is suggested for adjusting investment strategies in this sector [2][9][17][18]. 5. **Industry Configuration Recommendations**: Suggested sectors for investment include: - **Non-ferrous Metals**: Gold, silver, and copper, benefiting from global liquidity [2][10][19]. - **New and Consumer Sectors**: Food and beverage, tourism, and travel, which are expected to see growth due to improved consumer sentiment [2][10][19]. - **High-end Manufacturing**: Including power equipment, chemicals, home appliances, and pharmaceuticals, which are projected to have strong growth potential [2][10][19]. Additional Important Insights 1. **Renminbi Exchange Rate Trends**: The Renminbi is expected to enter a medium to long-term appreciation cycle, supported by an increase in the current account surplus due to rising export levels. This trend is anticipated to be reinforced by the return of previously exited capital [2][12]. 2. **Manufacturing Sector Resilience**: China's manufacturing sector is expected to be re-evaluated positively, benefiting from improved cash flows and competitive advantages in exports, particularly during the Renminbi appreciation phase [2][13]. 3. **Cyclical Industry Dynamics**: The cyclical industries are expected to experience a transition from a bear to a bull market, driven by improved cash flows and consumer sentiment as national wealth returns [2][16]. 4. **Market Performance Context**: Despite a global bull market since 2020, the A-share market faced challenges from 2022 to 2024 due to capital outflows caused by U.S. interest rate hikes. However, the outlook for 2026 is optimistic, with expectations of new highs in market indices [2][10][11]. This comprehensive analysis highlights the anticipated economic recovery in China, the implications of U.S. monetary policy, and the strategic sectors for investment as the market evolves towards 2026.

Core Insights - Dongguan has released 11 plots of high-quality industrial land to attract global enterprises and projects, emphasizing its commitment to the "manufacturing industry" core strategy [1][5] Group 1: Land Development and Strategic Focus - The 11 plots are strategically located in areas with excellent transportation and complete facilities, targeting strategic emerging industries and future industries such as high-end manufacturing, new generation information technology, semiconductors, new materials, new energy, biomedicine, artificial intelligence, and low-altitude economy [2][4] - Specific areas like Songshan Lake are designated for new generation information technology and semiconductor industries, while the Water Town functional area focuses on new energy, robotics, and low-altitude economy [2][4] Group 2: Infrastructure and Living Environment - The transportation network is a highlight, with plots connected to major transport routes, ensuring efficient movement of people and goods, integrating deeply into the Guangdong-Hong Kong-Macao Greater Bay Area's "one-hour living circle" [4] - Surrounding amenities include commercial complexes, quality medical resources, educational institutions, and ecological spaces, creating a favorable environment for talent retention and business operations [4][5] Group 3: Commitment to High-Quality Development - The release of industrial land reflects Dongguan's determination to optimize the business environment and promote high-quality development, aligning with the spirit of the municipal party committee's plenary session [5] - Dongguan invites domestic and international entrepreneurs to invest, highlighting its readiness to provide space, streamlined mechanisms, and improved services for collaborative high-quality development [5]

Core Insights - The article emphasizes the importance of knowledge graphs in the era of artificial intelligence, highlighting their role in driving intelligent search, decision analysis, and industrial optimization [1] - Shenzhen Guangming District's training center is positioned as a key player in cultivating high-skilled talent to support the "Made in China 2025" strategy, focusing on the integration of technology and business [2] Group 1: Strengths of the Training Center - The training center spans 8,000 square meters and features 28 advanced training classrooms, establishing partnerships with 21 key enterprises, including BYD and Huawei, to meet the demand for skilled labor [2] - The center trains over 2,000 students annually and is recognized as a pilot unit for the "Intelligent Body Creation Camp" in Shenzhen [2] Group 2: Course Features - The training center offers a comprehensive curriculum from beginner to advanced levels, including a 4-week introductory course and a 6-week advanced programming course, focusing on CNC technology [6][8] - The curriculum incorporates practical applications and real-world projects, ensuring that students gain hands-on experience in high-end manufacturing environments [8] Group 3: Employment Opportunities - The demand for CNC technology talent in the Pearl River Delta region has exceeded one million, with average monthly salaries for related positions ranging from 8,000 to 15,000 yuan [6] - The training center has established talent supply partnerships with over 5,000 manufacturing companies, guaranteeing 100% job placement services for graduates [10] Group 4: Continuous Development - Graduates can join the "CNC Technology Alliance" for lifelong learning and technical exchange, with opportunities for further education through partnerships with institutions like Shenzhen Polytechnic [11] - The center provides ongoing support, including technical seminars and access to industry updates, ensuring that alumni remain competitive in the job market [11]

Group 1 - The core viewpoint of the article is that HuTongDa Network (9878.HK) is making significant progress in the restructuring of JinTongLing (300091), a high-end manufacturing company, which is crucial for HuTongDa's planned acquisition of a 25% stake in JinTongLing [1] - JinTongLing's restructuring application was accepted by the Nantong Intermediate People's Court on December 31, 2025, marking the transition of the restructuring process into a judicial phase [1] - Following the court's acceptance of the restructuring, JinTongLing's stock will resume trading on January 6 under the new name "*ST TongLing," indicating its entry into a special governance phase [1] Group 2 - The market anticipates that the completion of the restructuring process will significantly improve JinTongLing's fundamentals, potentially allowing it to return to a sustainable operating and profitable trajectory [1]

新华基金经理赵强因精准布局市场核心主线，业绩显著受益于股指上涨。他管理的新华策略精选股票A今年来涨幅达78.52%，新华趋势领航混合今年来收 益率77.93%，均位列同类基金前列。三季度以来，他通过动态调整持仓，持续聚焦高景气赛道，让基金充分享受了通信板块81.7%、电子板块45.9%的涨 幅红利，最终实现净值大幅增长。 01 低位抄底源杰科技 科技主线的全链条布局 文|天峰 来源|财富独角兽 2025年沪深股指大幅上涨，核心得益于政策支持、资金流入与板块红利的三重共振。截至12月26日，上证指数收于3963.68点实现八连阳，深证成指涨至 13603.89点，两市成交额重回2.16万亿元高位，资金入场积极性显著提升。 政策层面，证监会通过科创板改革、科创债扩容等举措推动科技与资本深度融合，全年102家战略性新兴产业企业登陆A股，为市场注入成长动力，北向 资金三季度大举加仓电子、通信等板块，电子行业持股市值环比增幅67.78%，成为指数上涨的重要推手。 核心投资框架：以ROIC为锚的高质量选股体系，拒绝短期博弈 赵强的投资哲学核心是"挣业绩兑现的收益，而非市场博弈收益"，构建 "五维高质量甄选体系"（高ROI ...

流动性方面，刘晨明团队指出，"2026年多数国家货币和财政双宽松，流动性宽松或迟早出现。一旦流 动性出现反转，来自全球资本活水的重新注入与境内流动性渠道的拓宽，港股有望开启新一轮上涨。尤 其要注意是否会出现流动性反转+春季躁动共振，形成向上贝塔的机会。" 广发证券刘晨明团队看好港股市场补涨，"港股正从传统的顺经济周期，逐步转向AI应用、新能源等代 表硬科技的主赛道。恒指新经济相关的权重从17%提升至接近50%"。 刘晨明团队表示，前期压制港股的主要是流动性/情绪因素（日本息交易平仓、美联储鹰派降息表述、 基石投资者解禁等），市场情绪可能已经调整到位，恒科在120~250日均线随时有反弹可能性。 恒生指数高开，恒生科技指数涨0.33%，国证港股通科技指数涨0.36%，快手-W涨近6%，阿里巴巴、中 芯国际、哔哩哔哩-W、百度集团-SW、小米集团-W涨幅靠前。 华夏基金建议关注国证港股通科技指数，选股范围为港股通标的，不受QD额度限制，因而相对恒生科 技更具备流动性优势，同时在高端制造、生物科技及互联网行业分布相对均衡，"软硬兼备"。国证港股 通科技指数PE估值目前为26.45倍，位于过去10年的41%分位左右的 ...

回望2025年，中国经济在错综复杂的内外部环境中顶压前行。A股市场的表现极具韧性，上证指数在四 季度一度突破4000点，创下近十年新高，年内最大涨幅超过30%。横向对比来看，2025年A股的表现在 全球市场中亦是名列前茅。展望2026年，尽管节奏存在不确定性，但随着高质量发展的不断推进，A股 仍有望在震荡中继续上扬，并在政策红利释放与内外部环境改善的共同推动下延续结构性强势行情。 首先，随着美联储降息周期的再度开启，全球流动性环境出现边际改善。美元指数在年内明显走弱，资 金从高利率环境向更高性价比的市场回流成为趋势。人民币在这一阶段呈现阶段性走强趋势，美元对人 民币汇率年末一度突破7.0关口。这不仅反映了外汇市场对中国经济韧性的认可，也提升了国内资产在 全球投资组合中的相对吸引力。在此背景下，A股这一深具结构性机会且估值处于相对低位的市场，更 容易受到海外增量资金的青睐。而在经历过去数年的波动后，A股估值体系逐步从高波动向高质量转 型，其中具备技术优势和长期发展前景的科技公司更能吸引全球资金的关注。综合来看，美联储降息推 动美元走弱，叠加人民币阶段性走强，增强了中国资产的相对吸引力。由此带来的资金回流与财富效 ...