此次发布会上提到，深圳高端女装品牌数量、市场占有率、上市企业数量居全国前列；黄金珠宝行业年 工业产值连续多年稳居全国首位，全年黄金提货量约占上海黄金交易所的70%；作为我国主要眼镜生产 基地，中高端眼镜产量约占全球50%…… 过去，人们对于传统产业存在一种简单粗暴的理解方式，将其与低端、低附加值划等号。但事实上，无 论是传统产业还是新兴产业，都包含高端和低端的发展方式，新兴产业也有传统环节，而传统产业也可 以有更高端的方式发展。 据报道，深圳将实施《深圳市加快推进人工智能终端产业发展行动计划（2025-2026年）》，推动家 居、家电、健身器材、眼镜、手表、玩具全面导入人工智能技术。同时，将大力实施传统优势产业数字 化转型、中小企业数字化服务商等专项支持计划，三年内推动100家以上传统产业企业实施数字化转 型。 9月29日，深圳市政府新闻办召开"推动传统产业向'新'向'智'加快建设现代化产业体系"新闻发布会。会 上介绍，深圳将充分发挥创新资源丰富、产业门类齐全、应用场景广阔等优势，通过深化技术赋能、生 态共建、模式创新，积极探索传统产业优化升级新路径，推出12条政策措施，力争经过3年左右的时 间，推动全市传统 ...

Core Insights - Honor's Alpha Global Flagship Store has officially opened in Shenzhen Bay MixC, marking a significant step in the company's Alpha strategy towards creating a global AI ecosystem [1][2] - The flagship store aims to serve as a "global living room" for AI developers, partners, and users, supporting the development of the AI industry cluster in the Greater Bay Area [1][2] Group 1: Alpha Strategy Implementation - The opening of the flagship store signifies the transition of Honor's Alpha strategy from planning to tangible execution, showcasing the company's commitment to becoming a leading AI terminal ecosystem company [2] - Honor's CEO articulated a three-step approach to the Alpha strategy, focusing on expanding technological, industrial, and human potential boundaries in the AI era [1][2] Group 2: Store Features and Experience - The store features an immersive technology atmosphere with design elements inspired by the Shenzhen Bay landscape, including a waterfall and a rotating staircase [2] - An AI experience area showcases products like a lightweight 350g foldable projector and a stringless guitar, highlighting the integration of AI in entertainment and travel [2] Group 3: Collaborative Ecosystem Development - Honor has partnered with China Resources to invite AI companies from the Greater Bay Area for collaborative scene creation and solution demonstrations [3] - The flagship store acts as an "ecological interface," promoting cross-enterprise collaboration and enhancing the cluster advantage in the AI terminal sector [3] - Honor aims to deepen its smart ecosystem through an "open, co-create, and share" philosophy, contributing to the global AI industry [3]

Core Viewpoint - The recent "Guiding Opinions on Vigorously Developing Digital Consumption to Co-create a Better Life in the Digital Age" outlines 14 specific tasks aimed at enhancing digital consumption, which is projected to reach 23.8 trillion yuan in 2024, accounting for 44.2% of total consumer spending that year [1][2]. Group 1: Digital Consumption Transformation - Digital consumption is evolving from traditional online shopping to a comprehensive ecosystem that includes digital products, services, content, and channels [2][3]. - The shift from traditional consumption to digital consumption is a strategic response to the challenges faced by conventional markets, such as saturation in the automotive sector and difficulties in the restaurant industry [2][3]. Group 2: Supply and Service Innovations - The guiding opinions emphasize a multi-dimensional supply system, promoting the upgrade of hardware products to smart home solutions and innovative service models like AI in healthcare [4][5]. - The policy supports new retail channels, including instant retail and social e-commerce, aiming for urban-rural coverage and efficiency improvements [4][5]. Group 3: Market Participants and Support - The strategy encourages large enterprises to establish innovation partnerships and supports the development of e-commerce parks, while also providing foundational support for small and medium-sized enterprises [5][6]. - Financial backing is proposed to alleviate the financing challenges faced by small businesses, particularly in rural areas [5][6]. Group 4: Infrastructure and Logistics - The guiding opinions stress the importance of building a robust infrastructure for digital consumption, including smart districts and enhanced logistics systems [6][7]. - Upgrades in payment systems and the expansion of digital currency acceptance are also highlighted to improve user experience [6][7]. Group 5: Societal and Economic Impact - The policy aims to enhance public welfare by addressing issues like the digital divide for the elderly and promoting rural e-commerce [7][8]. - Long-term value creation in the financial market is anticipated through innovative consumption finance products, with potential investment opportunities in sectors like AI and digital culture [7][8]. Group 6: Future Outlook and Challenges - The transformation in digital consumption is expected to reshape economic structures and individual lifestyles, with a clear development path outlined in the guiding opinions [8]. - Challenges such as data security and privacy protection need to be addressed for effective policy implementation, requiring collaboration between government and enterprises [8].

原标题：杭州人工智能终端企业迎新机遇 日前，杭州市经济和信息化局就《杭州市加快发展人工智能终端产业三年行动方案（2025—2027 年）（征求意见稿）》（以下简称《征求意见稿》）公开向社会征求意见。《征求意见稿》系统规划了 智能视觉终端、智能计算终端、智能机器人、智能可穿戴设备等10类人工智能终端发展赛道，并提出了 重点任务和具体的保障措施，为杭州市人工智能终端产业的发展提供了明确指引。 政策引领 描绘产业发展蓝图 《征求意见稿》提出，到2027年，全市人工智能终端产业规模力争达到3000亿元；实施人工智能终 端方向重点科研计划项目100个，打造爆款终端产品30款，培育形成自主品牌20个，选树典型应用场景 50个；谋划内生裂变项目100个，招引落地亿元以上重大项目150个。 其中，在智能视觉终端方向上，重点研发视频监控产品、多维感知智能融合终端及网络直播和新媒 体智能应用等品类；在智能计算终端方面，聚焦开发搭载国产人工智能芯片的边缘计算服务器、AI服 务器等产品。《征求意见稿》还提到，将加快开发以大模型为基础架构的智能通用人形机器人，充分推 进人工智能技术与终端产品深度融合。 鹿客岛科技创始人兼CEO卢克林对 ...

Group 1 - The core viewpoint is that AI terminals, including AI smartphones, AI computers, and AI glasses, have become a new growth point for economic development in China, with over a hundred models launched in the first half of the year [1][2] - Technological breakthroughs are essential for creating new growth points in the manufacturing economy, with advancements in AI large models and edge computing laying the foundation for the explosion of AI terminal products [1][2] - The penetration rate of AI terminal products is expected to rise significantly, with predictions indicating that by 2027, 50% of smartphones and 80% of computers will feature AI capabilities [1] Group 2 - Market demand is identified as the core driving force behind technological breakthroughs, as AI terminals respond to real market needs, evidenced by the significant sales growth of AI glasses during the "618" shopping festival [2][3] - The successful emergence of AI terminals relies on ecosystem collaboration across the entire supply chain, including hardware manufacturers, software companies, and content service providers, supported by policy, capital, and talent resources [2][3] - Continuous optimization of the innovation ecosystem is crucial for reducing costs and increasing the efficiency of technology transfer, emphasizing that nurturing new growth points is a systemic project rather than an isolated effort [3]

Core Viewpoint - The establishment of the Shenzhen Artificial Intelligence Terminal Industry Private Equity Investment Fund, with a capital scale of 1.44 billion yuan, reflects Shenzhen's strategic move to accelerate the development of its AI terminal industry, aiming to create a "city of AI terminals" [1][4]. Group 1: Fund Establishment and Contributors - The Shenzhen Artificial Intelligence Terminal Industry Private Equity Investment Fund has a total capital of 1.44 billion yuan, with major contributors including Shenzhen Guidance Fund (560 million yuan), Honor Terminal (300 million yuan), Futian Guidance Fund (240 million yuan), and Hongtu Venture Capital (200 million yuan) [3]. - The fund's operational scope includes equity investment, investment management, and asset management, indicating a comprehensive approach to fostering the AI terminal ecosystem [1][3]. Group 2: Strategic Importance for Honor - For Honor, the establishment of this fund is significant as it aligns with its strategic goal of transforming from a smartphone manufacturer to a leading AI terminal ecosystem company [4][5]. - Honor plans to integrate over 100 hardware categories and activate over 10 million ecological devices this year, with a long-term goal of achieving over 1,000 hardware categories and 40 million ecological devices by 2027, supported by a planned investment of 10 billion USD over the next five years [4]. Group 3: Shenzhen's AI Industry Development - Shenzhen has formed a comprehensive AI industry chain covering foundational, technical, and application layers, with a particular strength in the application layer of AI technology [7]. - The city aims to grow its AI terminal industry to over 800 billion yuan by 2026, with a target of reaching 1 trillion yuan, and plans to produce over 150 million AI terminal products across various categories [8]. - Recent initiatives include the issuance of the Shenzhen Artificial Intelligence Terminal Industry Investment Fund and the Shenzhen Artificial Intelligence and Embodied Robotics Industry Fund, highlighting the city's commitment to supporting the AI terminal industry financially [8][9].

Group 1: Global Economic Outlook - OECD has downgraded the global economic growth forecast for 2025 from 3.3% to 2.9%, with the US growth expectation slashed from 2.8% to 1.6% [1] - The economic outlook is pessimistic due to rising trade barriers and a decline in consumer spending in the US, impacting global growth [1] - Major economies like China, Europe, and Japan are also experiencing varying degrees of economic slowdown this year [1] Group 2: US Economic Policy Changes - The US government is shifting its focus away from non-US countries, canceling preferential tariffs and imposing new tariffs to boost domestic revenue [2] - This shift aims to stimulate domestic economic activity and enhance internal circulation capabilities [2] Group 3: Shenzhen AI Terminal Funding - Shenzhen's government has launched a funding program for the smart terminal industry, with a maximum grant of 20 million yuan available for various AI-related projects [3] - The funding focuses on the development and promotion of innovative consumer electronics, including smartphones and AI devices [3][4] Group 4: Japanese Demographic Trends - Japan's birth rate is projected to fall below 700,000 in 2024, marking a 5.7% decrease from the previous year, with a total fertility rate dropping to a historic low of 1.15 [9] - Despite increased marriage rates, the overall trend of declining birth rates continues, exacerbated by high living costs and a demanding work culture [9] Group 5: US Treasury Bond Buyback - The US Treasury conducted a record $10 billion buyback of government bonds, the largest single operation in history [7] - This move aims to stabilize the bond market and restore confidence amid rising concerns over the US deficit [8] Group 6: Honey Snow Group Stock Performance - Honey Snow Group's stock has reached new highs due to expected benefits from delivery platform subsidies, prompting an upward revision of profit forecasts by Goldman Sachs [11] - The competitive landscape in the instant tea beverage market is intensifying, with potential for further price wars driven by delivery subsidies [12] Group 7: Accounting Firms and Regulatory Changes - Three accounting firms have voluntarily ceased their securities service operations, reflecting stricter regulatory requirements and past penalties for misconduct [13][14] - The new regulations aim to enhance transparency and accountability within the accounting industry, particularly regarding the auditing of public companies [15] Group 8: Market Trends - The stock market showed signs of recovery with significant trading volume, particularly in consumer sectors, indicating a potential shift towards domestic consumption [16] - The market is at a critical juncture, with the Shanghai Composite Index struggling to break through the 3400-point psychological barrier [17]

Core Viewpoint - The Shenzhen government aims to leverage the 2025 Global Artificial Intelligence Terminal Expo as an opportunity to enhance the development of the AI terminal industry by focusing on innovation, standards, application promotion, ecosystem construction, and talent cultivation [1] Group 1: Industry Development - The theme of the expo is "Connecting Everything, Unlocking the Future," highlighting the importance of AI terminals in future technological advancements [1] - Shenzhen plans to gather optimal resources and consolidate efforts to promote the AI terminal industry, striving to seize the global technological and industrial development high ground [1] Group 2: Government Initiatives - Shenzhen's mayor, Qin Weizhong, emphasized the implementation of the "Artificial Intelligence +" initiative to drive technological innovation in AI terminals [1] - The government is committed to advancing research on standards and promoting the application of AI terminal technologies [1]

Group 1: Manufacturing and Economic Indicators - In February, China's official manufacturing PMI returned to the expansion zone at 50.2, up from 49.1 in January, indicating a recovery in manufacturing activity [1] - The PMI for large enterprises was 52.5, an increase of 2.6 from the previous month, while small and medium enterprises saw declines in their PMIs to 49.2 and 46.3 respectively [1] - The overall manufacturing recovery in early 2023 is slower compared to the last quarter of 2022, with challenges in labor mobility and demand in the construction sector [1][2] Group 2: Support for Private Enterprises - A meeting was held by five government departments to discuss financial support for the high-quality development of private enterprises, emphasizing the need for a more inclusive approach to financing [3] - The meeting highlighted the importance of addressing the financing difficulties faced by private and small enterprises, aiming to create a better development environment [3][4] - Continuous policy guidance and collaborative efforts are necessary to alleviate the financing constraints on private enterprises [4] Group 3: Real Estate Market Trends - The average price of new residential properties in 100 cities increased slightly by 0.11% to 16,711 yuan per square meter, while the average price of second-hand homes decreased by 0.42% to 14,071 yuan per square meter, marking a narrowing of the decline for seven consecutive months [5][6] - The real estate market is experiencing a structural recovery, particularly in first-tier cities, although significant regional disparities remain [6] Group 4: Automotive Industry Performance - In February, BYD led the automotive sales with 322,800 units sold, a year-on-year increase of 164%, while XPeng Motors achieved a remarkable 570% growth in sales [10] - The automotive market is gradually recovering post-holiday, driven by new subsidy policies, with a notable performance from leading brands [10][11] Group 5: Coal Industry Challenges - In February, domestic coal prices fell to their lowest in nearly four years, with the price of Q5500 thermal coal at 695 yuan per ton, influenced by high inventory levels and weak demand [12][13] - The coal industry is facing a prolonged downturn, with oversupply and reduced demand leading to price declines [12][13] Group 6: Nestlé's Acquisition of Xu Fu Ji - Nestlé announced the acquisition of the remaining 40% stake in Xu Fu Ji, achieving full ownership after initially acquiring 60% in 2011 [14][15] - The acquisition is seen as a strategic move to leverage Xu Fu Ji's brand influence and production capabilities in the Chinese market [15] Group 7: Shenzhen's AI Industry Development - Shenzhen aims to develop its artificial intelligence terminal industry to a scale of over 800 billion yuan by 2026, with a target of reaching 1 trillion yuan [7][8] - The action plan includes launching over 50 popular AI terminal products and creating more than 60 typical application scenarios across various sectors [8][9]