但即便如此，河南民营企业500强入榜企业数量仅位于全国第九，与全省经济规模位次还不匹配，民营 经济发展的焦虑仍在。 《每日经济新闻·城市进化论》记者了解到，一些短板被频繁提及，比如高价值专利转化效率仍待提 升；传统制造企业转型慢，与现代化产业体系融合深度不足等，也因此不乏诘问，总靠传统产业能撑多 久。 开好局、起好步。近几日，全国多个省份密集召开"新春第一会"。 2月24日，河南纵深融入服务全国统一大市场大会在郑州召开。在当地看来，融入和服务全国统一大市 场，是河南高质量发展的战略机遇，更是激发全省民营经济活力的关键一招。 事实上，在此之前的2月21日，农历正月初五，河南省委书记刘宁、省长王凯就已在郑州与河南省民营 企业家代表餐叙交流。这是河南第二年在这一天邀请民营企业家举行高规格餐叙。 连续将民营企业家奉为座上宾，背后是民营企业对河南经济的突出贡献。2025年，河南入围中国民营企 业500强的企业数量新增2家，达15家，实现近8年来对湖北的首次反超，位居中部六省第一。 开局起步，河南如何打好这场自上而下的民营经济"突围战"？ 发力所向 "民营企业是树，政府就是培土、浇水、保护的人！"2月21日，河南省委书记 ...

周林生 大年初八，开工吉日。当岭南大地仍沉浸在年味中时，广东政商学界的"最强大脑"将齐聚广州，参加广 东省高质量发展大会。这是新春第一会，背后是深植于经济大省骨子里的紧迫感与使命感。 作为"十五五"规划的开局之年，2026年，广东要往哪里冲?怎么冲?在大会召开前夕，南方都市报记者专 访了广东省"十五五"发展规划专家委员会委员、广东省体制改革研究会会长周林生。这位长期观察广东 改革的资深专家，从历史纵深、改革逻辑和全球视野三个维度，解读了2026年广东高质量发展的深意与 新局。 外部环境复杂化、内部转型 2026广东怎么"顶上去" "十五五应该说是一个非常关键的时期。"采访伊始，周林生便点明了2026年特殊的时代背景。在他看 来，广东此时面临的挑战与机遇是多维度的:国际上，外部环境复杂化；国内，疫情后的经济复苏仍需 巩固，而一场以智能化为核心的智能革命正席卷全球。 "我们处在一个非常关键的历史时期，2035年要基本实现现代化。"周林生说。 在这样一个历史交汇点，广东为何连续三年在初八"开工"?周林生认为，这首先源于广东在全国改革发 展大局中无可替代的体量与使命。 "广东的经济社会体量已经非常之大，GDP去年是1 ...

很多人以为，年过完了就是"又要上班"，其实从春节后开始，好几股趋势会集中冒头，直接关系到你的 钱、工作和家庭。 有观点预测， 如果不出意外，过完年，社会上大概率会出现4个明显变化。 不是吓唬人，而是提醒大家早做盘算。 变化一：工资涨不上去 工资涨是涨了，但感觉永远不够花。从数据上看，工资确实在涨： 2025年，全国居民人均工资性收入24555元，比上年增长5.3%；工资性收入占人均可支配收入的 56.6%，是家庭收入的"大头"。 但为什么大家还是觉得"钱不够"？ 高科技、新能源、人工智能等行业，涨幅相对高； 传统制造业、服务业，涨薪空间有限，有的甚至还在裁员、降薪。 所以，春节过后，你要接受一个现实： 原因主要有三个： 1、涨得慢 调研显示，2024年中国市场薪酬实际增长率约4.3%，预计2025年约4.4%，属于"稳中有降"。 很多企业要么普调3%–5%，要么直接冻薪，真正"大幅涨薪"的只是少数行业和岗位。 3、涨不过生活成本 房贷、车贷、孩子教育、老人医疗、日常人情往来，样样都在涨。 工资一到账，先被这些"账单"分走大半，剩下的钱当然觉得少。 3、行业分化严重 指望靠"公司普调"让生活明显改善，越来越不现 ...

Core Viewpoint - In 2025, China's economy demonstrated resilience with a GDP growth rate of 5%, outperforming global averages and indicating a strong recovery despite a "non-symmetric recovery" characterized by concentrated growth engines and a need for enhanced internal momentum [1][2]. Economic Performance and Structure - The 5% growth rate in 2025 is significantly higher than the global average of 2.7%, with developed economies at 1.7% and developing countries (excluding China) at 3.7% [2]. - Estimated per capita GDP for 2025 is approximately $13,900, nearing the high-income threshold set by the World Bank [2]. Growth Dynamics - Economic growth in 2025 was primarily driven by exports and equipment upgrades, with exports increasing by 5.5% and investment in equipment rising by 11.8% [3]. - Other sectors such as fixed asset investment, consumption, real estate, and traditional manufacturing showed insufficient performance, highlighting current economic weaknesses [3]. Transition to Balanced Growth - The shift from a "two-wheel drive" model (focused on exports and new technologies) to a "four-wheel drive" model in 2026 is anticipated, aiming for more balanced economic growth [4]. - Key areas for policy focus include: - Fixed asset investment, which saw a decline of 3.8% in 2025, is expected to recover [4]. - Service consumption, with an emphasis on unlocking its potential [4]. - Real estate stability, focusing on inventory reduction and market health [4]. - Traditional manufacturing improvements to enhance competition and supply-demand balance [5]. Key Observational Windows - Investors should monitor three critical time points: - Early March for the National People's Congress, which will set economic growth targets and policy directions [6]. - Late March for initial local investment trends, particularly in construction and industrial sectors [6]. - The second quarter for consumer spending indicators, as policies to stimulate consumption will be implemented [7]. Service Consumption Focus - Service consumption is identified as a key area for growth, with potential policy support in five directions: - Fiscal resources directed towards service consumption [8]. - Implementation of staggered paid leave to enhance consumer experience [8]. - Expansion of inbound consumption, with significant market potential [8]. - Utilization of new technologies like AI to create innovative service scenarios [9]. - Income improvements through pension reforms to boost consumer spending [9]. Long-term Growth Opportunities - Key long-term opportunities include: - Accelerated industrialization in developing countries, enhancing demand for Chinese exports [11]. - Globalization of Chinese enterprises, with a focus on cross-border supply chain management [11]. - AI application across various sectors, creating new business models and industries [11]. - Increased consumer spending rates, with potential reforms in income distribution [12]. Market Dynamics - The stock market is expected to transition from a phase of pricing based on expectations to one based on actual economic fundamentals, indicating a shift in investment logic [12][13].

Core Viewpoint - The article discusses the impending global economic shifts, including de-dollarization, the rise of AI, and the cyclical nature of economic trends, predicting significant inflation and subsequent monetary tightening by 2026 [2][4][5]. Group 1: Economic Cycles - The article emphasizes the end of a century-long economic cycle, marked by the disintegration of the old order and the emergence of new challenges such as income inequality, populism, and geopolitical tensions [6][12]. - It highlights the fourth technological revolution driven by AI, which is expected to lead to substantial capital expenditure in new infrastructure and reshape wealth distribution and national power [6][18][19]. Group 2: Real Estate Market - The real estate sector is entering a phase of differentiation, with a predicted 20% of the population moving to core cities while 80% in lower-tier cities face prolonged declines [7][21]. - The article forecasts that 2026 will see a stabilization in the real estate market, contingent on policy support such as relaxed purchase restrictions and lower interest rates [22][23]. Group 3: Capacity Cycle - The capacity cycle is undergoing a transition, with traditional industries facing capacity reduction while new productive forces, particularly AI, drive large-scale infrastructure investments [24][27]. - The article notes that the capacity cycle has reached a turning point, with improvements in supply-demand dynamics and a recovery in prices and corporate profits expected [25][29]. Group 4: Inventory Cycle - The inventory cycle is transitioning from passive destocking to active restocking, although the recovery is expected to be weak due to ongoing industry differentiation and external uncertainties [29][30]. - The article anticipates a potential exit from deflation in 2026, driven by factors such as anti-involution policies and external inflationary pressures [30][31]. Group 5: Debt Cycle - The article discusses the ongoing challenges in the debt cycle, particularly the need for households to repair their balance sheets while new productive enterprises increase leverage [34][35]. - It emphasizes the necessity for fiscal and monetary policy adjustments to support new productive forces and stimulate economic recovery [39][41]. Group 6: Policy Outlook - The article outlines five key policy areas for 2026, including maintaining a moderately loose monetary policy, proactive fiscal measures, and supportive real estate policies aimed at stabilizing the market [46][48]. - It suggests that the focus will shift from merely preventing overheating in the real estate market to encouraging sustainable growth and addressing housing affordability [48][49]. Group 7: Asset Class Outlook - The article predicts a "confidence bull market" in the stock market, driven by technological advancements and a favorable policy environment, with a focus on sectors like AI, semiconductors, and renewable energy [51][52]. - It also anticipates a significant year for commodities, with expectations of rising prices due to de-dollarization and increased demand from the AI sector [53][54].

2026年2月2日，佛山市十六届人大第六次会议召开，会议听取了市委常委、常务副市长刘杰作的政府工 作报告。 报告中一组数据值得注意：过去五年佛山先进制造业增加值占规模以上工业增加值的比重，从50.2%跃 升至55.7%。这看似寻常的5.5个百分点，却远非一个简单的数字增长。它如同一把钥匙，为我们揭示了 这座万亿级工业大市在经济深层次结构上发生的静默而深刻的革命。 这不仅是产业数据的优化，更是发展逻辑的切换，标志着佛山正在奋力跨越产业升级那道至关重要的门 槛。 5.5个百分点的攀升从规模扩张到质量驱动的转型实证 过去，提及"佛山制造"，人们脑海中浮现的往往是家电、陶瓷、家具等构成的庞大体量与完整链条。而 如今，佛山先进制造业增加值占比突破了55%，这意味着以工业机器人、新型储能、医药健康、半导体 等为代表的高技术、高附加值产业，已然超越"半壁江山"，成为驱动工业增长的主导力量。 这清晰地证明，佛山的转型蓝图没有停留在图纸之上，而是通过年均12.2%的工业投资、高达80%的规 上企业数字化转型率，以及季华实验室、仙湖实验室等重大创新平台的夯基垒台，成功将投入转化为产 业跃升的动能。 产业"含金量"与"含新量"的显 ...

Core Insights - The article emphasizes the importance of having a strong investment mindset, particularly for long-term investments, and the necessity of maintaining confidence in one's research despite market fluctuations [1][4]. Group 1: Investment Mindset - Long-term investors must possess a "big heart" to withstand market volatility and avoid impulsive decisions based on short-term price movements [1][5]. - A real-life example illustrates that a dedicated investor held onto a traditional manufacturing stock despite a 40% decline, believing in its long-term potential due to its unique technological advantages [3][4]. - The key takeaway is that long-term investing requires a "penetrating vision through time" and the ability to resist market noise [4][6]. Group 2: Trust in Research - Investors should have absolute trust in their investment logic, which should be based on thorough research and a clear understanding of the potential returns and risks involved [4][5]. - It is crucial to differentiate between beta returns from industry growth and alpha returns from company-specific growth, and to understand the timeline for achieving these returns [4][6]. Group 3: Managing Expectations - Investors often struggle with unrealistic expectations, wanting immediate returns while claiming to invest long-term, which leads to psychological distress [5][6]. - Long-term investing is fundamentally about the ability to delay gratification and accept that significant returns often come after enduring periods of stagnation [5][6]. Group 4: Practical Strategies - Conduct extreme stress tests before investing to ensure comfort with potential losses and the impact on personal life and investment rhythm [6]. - Establish a firewall against market noise by focusing on company fundamentals rather than daily price fluctuations [6][7]. - Shift the investment approach from actively chasing returns to patiently waiting for value to be recognized by the market [6][7]. Group 5: Conclusion - Long-term investing is a battle against personal weaknesses, emphasizing patience, discipline, and a robust understanding of one's investment philosophy [7]. - Reflecting on past experiences can provide valuable insights into the importance of maintaining a long-term perspective in investing [7].

2月3日，A股港股主要指数上涨，截止午盘，港股通红利ETF广发（520900）涨幅0.96%。资金流向方 面，近五日净申购7963万元。华泰证券指出，1月市场风险偏好中枢继续回落，高股息板块整体表现优 于去年12月，其中石油石化、煤炭、钢铁等周期型高股息表现较优。展望2月，华泰证券认为伴随着市 场波动率开始放大，海外美债长端利率及美元指数回升，高股息板块配置价值较上月边际回升，配置上 建议关注具备防御属性的稳定型高股息及部分潜力型高股息品种。国金证券指出，2026年红利策略的配 置思路应重在结构切换：从注重历史分红比例和静态股息率，向寻求有一定基本面弹性或边际改善趋 势、未来分红比例可能抬升的方向转换。基于对基本面三大核心线索的展望，资源和传统制造业红利的 受益范围最广：资源类红利将同时受益于海外AI投资与制造业复苏带来的缺电，以及新兴市场的资源 保护主义与降息周期共振；传统制造业红利受益面最广，除了服务性消费以外的逻辑都受益。港股通红 利ETF广发（520900）及其场外联接（022719/022720）为投资者提供了一键布局港股红利资产的便捷 入口，让稳健收益与长期价值兼得。 ...

近年来，贵阳经开区聚焦"两主一特"产业及重点企业，加快大数据与传统制造业深度融合，积极推动产 业数字化转型，以"大数据+人工智能"为双轮驱动，对传统制造业展开全链条改造、全方位赋能，加速 推进数字化、智能化转型，成功培育了贵阳海信、玉蝶电工、航天电器等一批数字化转型典型企业。 接下来，贵阳经开区将继续推动智能化改造和数字化转型，促进数字经济与实体经济全方位融合，推动 行业领域大模型发展，加快打造一批数字运用场景，培育一批数据标注企业，奋力打造智能制造"样板 区"，当好工业转型升级的"急先锋"。 （贵阳日报融媒体记者 黄菊） （《贵阳经开区两个案例入选》由贵阳日报为您提供，转载请注明来源，未经书面授权许可，不得转载 或镜像。） 本报讯 2月2日，记者从贵阳经开区获悉，在日前公布的"2025年贵州省工业领域数字化转型典型案 例"名单中，贵阳经开区两个案例入选。 贵阳经开区入选的两个案例是贵阳志源机械产品开发有限公司的"志源机械全流程数智生产协同系统建 设项目"、贵州忠辉重工有限公司的"贵州忠辉重工有限公司－数字化转型典型案例"。贵州忠辉重工有 限公司是一家深耕新能源特种车辆制造的企业，近年来，该公司持续强化研制技 ...

民营经济是城市发展的活力源泉，面对新形势下的机遇与挑战，如何帮助天津民营企业强优势、补短 板、明方向，成为一项紧迫的现实课题。受天津市津商联合会委托，天津商业大学研究团队历时8个 月，对全市411家企业进行走访调研、问卷调查等系统研究，围绕天津民营企业及企业家的发展亮点、 现实困境与成长模式进行专题研究，重点聚焦新质生产力发展、数字化转型、产业链协同创新、营商环 境优化、企业核心竞争力提升等方向，最终形成6万余字的白皮书书稿与3000余字的咨政报告，包括两 个主要部分、21个章节、4个专题研究，全面呈现津商企业在动能转换中的现实基础与发展潜力。 白皮书显示，津商企业作为扎根天津、辐射全国的重要商业力量，形成了以传统制造业、商贸物流、金 融服务等为核心的产业体系。近年来，津商企业加速转型升级，在科技创新、绿色低碳、国际化布局等 领域展现出新活力。津商企业涵盖多个行业，呈现多元化发展格局，其中科学研究和技术服务业、租赁 和商务服务业以及制造业为企业主体，三者合计占比超过60％，构成津商企业发展的核心支柱。从津商 企业三次产业结构分布来看，第三产业占比达58％，成为推动企业发展的核心动力；第二产业占比 41％，是经 ...