Group 1: Core Insights - The report highlights a focus on enhancing industrial quality and efficiency, ensuring housing security, fostering a technology innovation ecosystem, and promoting financial connectivity to solidify the foundation for high-quality economic development [12][14][19] - The report indicates that the A-share market experienced a downward trend across major sectors, with the largest declines seen in industrial trade and comprehensive (-12.10%), electrical equipment (-9.54%), and daily consumer retail (-8.88%) [23][26] Group 2: Industry Policy Tracking - The Ministry of Commerce and six other departments have initiated the "East Silk West Solid" project to optimize the silk industry layout, aiming to establish around 10 leading enterprises with over 10 billion yuan in revenue by 2028 [13] - The China Chemical and Physical Power Industry Association is set to implement a cost disclosure system for lithium iron phosphate, addressing the industry's ongoing losses and promoting fair pricing practices [14] - The Ministry of Finance has announced early budget allocations for housing security projects, emphasizing the importance of effective fund management and oversight [15] Group 3: Sector Performance - In the automotive sector, sales of various types of truck-mounted cranes reached 1,907 units in October 2025, marking a year-on-year increase of 10.2%, with domestic sales growing by 2.41% [18] - The semiconductor design industry in China has maintained a compound annual growth rate of 19.6% from 2006 to 2025, indicating robust growth potential driven by advancements in artificial intelligence and electric vehicles [19] - The consumer market for collectible toys has seen significant growth, with retail sales projected to reach 55.83 billion yuan in 2024, highlighting a new economic growth point within the toy industry [20]

策略研究 /[Table_Date] 2025.11.21 2025-11-24 每周海内外重要政策跟踪（25/11/21） [Table_Authors] 本报告导读： 覆盖国内宏观（中央及各部委政策及表态）、大类产业、地方政策、以及海外重要 政策和事件。 证 券 研 究 报 略 研 究 海 外 策 略 研 究 请务必阅读正文之后的免责条款部分 策 告 [Table_Report] 风险提示：政策和资本市场存在不确定性。 投资要点： [Table_Summary] 国内宏观：11 月 14 日，李强主持召开国务院常务会议，研究深入 实施"两重"建设有关工作；财政部党组书记、部长蓝佛安采访时就 "十五五"时期如何发挥积极财政政策作用发表看法。11 月 17 日， 国务院副总理何立峰与德国副总理兼财政部长克林拜尔共同主持第 四次中德高级别财金对话。11 月 18 日，国务院总理李强在上合组 织会议上表示，高额关税等经贸壁垒增多使国际经贸秩序受到严重 冲击，呼吁各方拥抱自由贸易、减少壁垒。11 月 19 日，国务院副 总理张国清在贵州、重庆调研制造业数智化转型升级、国有企业创 新发展等工作；国家出入境管理局宣布， ...

产业国内梯度有序转移是推动茧丝绸产业向新向高延伸，提升产业核心竞争力的重要举措。近日，商务 部等7部门联合印发了《关于开展茧丝绸产业"东绸西固"工作的通知》（以下简称《通知》）。《通 知》提出，要统筹东中西部茧丝绸资源禀赋和产业基础，适应茧丝绸产业梯次转移需求，因地制宜发展 新质生产力，扎实推进茧丝绸现代产业体系建设，打造国际竞争新优势，形成茧丝绸产业"东部创新引 领、中西部产能支撑、东中西部协同互补"的发展新格局。到2028年，突破智能缫丝、机器选茧、绿色 印染等10项关键技术，全国茧丝绸总产值突破3000亿元。 有关专家表示，加快落实"东绸西固"各项举措，对加快传统产业转型升级，优化茧丝绸产业布局，构建 东中西部均衡发展的现代化产业体系，推动茧丝绸产业高质量发展意义重大。 据了解，自2006年商务部实施"东桑西移"工程以来，广西、四川等中西部省份种桑养蚕规模不断扩大， 占比已超过70%。同时，东部地区织绸、印染、服装加工等后道环节用工、用地成本上升，产业转移需 求动力增强。 商务部消费促进司负责人介绍，为进一步优化茧丝绸产业区域布局，构建现代化产业体系，促进整体产 业链提质升级，商务部会同有关部门深入分析 ...

策 略 研 究 每周海内外重要政策跟踪（25/11/21） [Table_Authors] 吴信坤(分析师) 本报告导读： 覆盖国内宏观（中央及各部委政策及表态）、大类产业、地方政策、以及海外重要 政策和事件。 投资要点： [Table_Summary] 国内宏观：11 月 14 日，李强主持召开国务院常务会议，研究深入 实施"两重"建设有关工作；财政部党组书记、部长蓝佛安采访时 就"十五五"时期如何发挥积极财政政策作用发表看法。11 月 17 日，国务院副总理何立峰与德国副总理兼财政部长克林拜尔共同主 持第四次中德高级别财金对话。11 月 18 日，国务院总理李强在上 合组织会议上表示，高额关税等经贸壁垒增多使国际经贸秩序受到 严重冲击，呼吁各方拥抱自由贸易、减少壁垒。11 月 19 日，国务院 副总理张国清在贵州、重庆调研制造业数智化转型升级、国有企业 创新发展等工作；国家出入境管理局宣布，从 11 月 20 日起，扩大 可签发一次有效台湾居民来往大陆通行证口岸数量至 100 个。11 月 20 日，财政部、商务部正式公示 50 个拟入选消费新业态新模式新 场景试点城市名单。 策 略 研 究 证 券 研 ...

Core Insights - The Ministry of Commerce and six other departments have issued a notice to promote the "East Silk West Solid" initiative, aiming to enhance the silk industry by transferring deep processing stages to the central and western regions while upgrading the eastern regions through technology and brand development [1][2] Group 1: Industry Development Strategies - The notice outlines three main areas with nine key tasks to facilitate the transfer of silk weaving, dyeing, and other deep processing stages to the central and western regions [1] - The central and western regions are encouraged to enhance silk production capabilities, optimize mulberry cultivation areas, and promote green and efficient technology models [2] - Eastern regions are tasked with strengthening R&D capabilities for high-end silk fabrics and smart equipment, as well as improving product design and brand competitiveness [2] Group 2: Coordination and Support Mechanisms - A platform for information sharing will be established to create a database of transfer projects and receiving regions, facilitating precise matching of industry transfer needs [2] - The Ministry of Commerce will work with relevant departments to improve communication and coordination, guiding localities in implementing the "East Silk West Solid" measures [2] - Ongoing support will be provided for project construction, including land and energy resource guarantees [2]

洪勇认为，"东部创新-中西部制造"的协同模式不仅破解了东部成本高企、中西部附加值低的困局，更 通过关键技术突破，如智能缫丝、绿色印染等，为传统产业升级提供了新范式，有望重塑全球丝绸产业 竞争格局。 受访专家认为，中国是茧丝绸产业的大国，推动茧丝绸产业高质量发展不仅有助于农民增收，而且对满 足消费者高品质生活需求、促进外贸发展都具有重要意义。开展茧丝绸产业"东绸西固"工作是优化产业 布局、构建现代化产业体系的关键举措，可破解区域发展失衡问题，培育国际竞争新优势。 商务部消费促进司有关负责人介绍，自2006年商务部实施"东桑西移"工程以来，广西、四川等中西部省 份种桑养蚕规模不断扩大，占比已超过70%。同时，东部地区织绸、印染、服装加工等后道环节用工、 用地成本上升，产业转移需求动力增强。 北京工商大学商业经济研究所所长洪涛对上海证券报记者表示，我国茧丝绸产业虽规模居全球前列，但 仍存在原料供应不稳定、生产加工短板明显、市场与贸易风险高、产品协同与品牌薄弱等突出问题。 ◎记者 白丽斐 苏商银行特约研究员付一夫对上海证券报记者表示，中西部茧丝绸产业设备落后，智能缫丝等技术应用 不足，而东部创新与中西部产能衔接不畅， ...

Core Viewpoint - The Ministry of Commerce and six other departments have issued a notice to optimize the silk industry layout, aiming for balanced development across eastern, central, and western regions, and promoting high-quality growth in the silk industry [2][3]. Group 1: Industry Goals - By 2028, the eastern region aims to establish around 10 leading enterprises with revenues exceeding 10 billion yuan, cultivate over 20 well-known brands with independent intellectual property rights and international marketing networks, and ensure that high-end silk product exports account for over 50% of the region [2]. - The central and western regions are expected to develop high-quality silk industry clusters, nurturing over 10 leading enterprises with revenues exceeding 500 million yuan, and achieving a production share of high-quality cocoons, silk, and satin of over 75% in these areas [2]. - The overall silk industry output value is projected to exceed 300 billion yuan, with breakthroughs in 10 key technologies including intelligent silk reeling and green dyeing [2]. Group 2: Strategic Tasks - The notice outlines three main areas with nine key tasks, focusing on extending the industrial chain in the central and western regions, enhancing technological leadership in the eastern region, and promoting coordinated development between the east and west [4]. - In the central and western regions, tasks include enhancing cocoon supply capabilities, optimizing silkworm breeding areas, and improving silk processing and dyeing capabilities to support the transfer of industries from the east [4]. - In the eastern region, the focus is on strengthening R&D capabilities for high-end silk fabrics and smart equipment, enhancing product design, and building brand competitiveness to integrate into the global textile value chain [4]. - Coordination efforts will include establishing information platforms for project transfers, conducting promotional activities, and providing support for land and energy resources to facilitate project construction [4].

Core Viewpoint - The "East Silk West Solid" initiative aims to develop the silk industry into a trillion-yuan sector by 2028, with a total output value exceeding 300 billion yuan nationwide [1][5]. Group 1: Industry Development - The silk industry is experiencing a resurgence driven by the "national style" trend, with significant contributions from both eastern and western regions of China [1]. - Since the implementation of the "East Mulberry West Move" project in 2006, the scale of mulberry cultivation and silkworm rearing in western provinces like Guangxi and Sichuan has expanded, now accounting for over 70% of the total [1][2]. - The initiative emphasizes the need for a coordinated development strategy that leverages the strengths of eastern innovation and western production capacity [1][3]. Group 2: Technological and Quality Enhancements - Eastern regions are focusing on technological advancements to enhance the quality of silk products, with plans to establish a national silk technology center [4]. - The goal is to cultivate over 10 leading enterprises with revenues exceeding 500 million yuan in the western regions by 2028, with high-quality silk products making up 75% of local production [3]. Group 3: Market Expansion and Brand Development - By 2028, the eastern regions aim to develop around 10 industry-leading companies with revenues exceeding 10 billion yuan and to create over 20 well-known brands with independent intellectual property rights [5]. - High-end silk product exports from the eastern regions are expected to exceed 50% of total production [5]. Group 4: Collaborative Innovation - The initiative encourages collaboration between leading eastern enterprises and western companies, as well as partnerships with universities to foster innovation [6]. - A series of measures are proposed to facilitate project transfers and regional cooperation, including the establishment of information databases and hosting promotional activities [6]. Group 5: Cultural and Creative Aspects - The silk industry is positioned to thrive through innovation and cultural heritage, with a focus on preserving traditional techniques while integrating modern technology [7].

Core Viewpoint - The "East Silk West Solid" initiative aims to develop the silk industry into a trillion-yuan sector by 2028, with a total output value exceeding 300 billion yuan nationwide [1]. Group 1: Industry Development - The silk industry is experiencing a resurgence driven by the "national style" trend, with traditional silk products gaining popularity [1]. - The "East Silk West Solid" initiative is a collaborative effort involving seven government departments to enhance the silk industry's capabilities and optimize regional production layouts [6][8]. - By 2028, the initiative aims to establish high-quality development clusters in the central and western regions, with over 10 leading enterprises generating more than 500 million yuan in revenue [8]. Group 2: Regional Contributions - Since the implementation of the "East Mulberry West Move" project in 2006, the central and western regions, such as Guangxi and Sichuan, have significantly increased their mulberry cultivation and silkworm breeding, now accounting for over 70% of the total [6]. - The eastern regions are focusing on innovation and high-end silk fabric production, leveraging technological advancements to enhance product quality and market competitiveness [9]. Group 3: Collaborative Innovation - The initiative emphasizes the importance of collaboration between eastern leading enterprises and central/western regions, fostering a multi-faceted innovation network to drive industry transformation [10]. - The establishment of a project and receiving region information database, along with promotional activities, is crucial for aligning regional needs and facilitating industry growth [11].

Group 1 - The core viewpoint of the article is the issuance of the "Notice on Promoting the 'East Silk, West Solid' Work in the Sericulture Industry" by the Ministry of Commerce and six other departments, aimed at optimizing the regional layout of the silk industry and enhancing the overall quality of the industry chain [1][2]. Group 2 - The background of the notice includes the emphasis on market demand, technological innovation, and the transformation of traditional industries as highlighted by Xi Jinping and the 20th National Congress of the Communist Party of China [2]. - Since the implementation of the "East Mulberry, West Move" project in 2006, the scale of sericulture in central and western provinces has expanded significantly, now accounting for over 70% [2]. - The notice outlines three main areas of focus: extending the industrial chain in the central and western regions, strengthening technological leadership in the eastern regions, and promoting coordinated development between the east and west [3]. - Specific tasks include enhancing silk production capacity, upgrading processing capabilities, and improving dyeing and finishing technologies in the central and western regions [3]. - The eastern regions are encouraged to enhance research and development capabilities, product design, and brand competitiveness to integrate into the global high-end textile value chain [3]. - The Ministry of Commerce plans to improve work mechanisms and strengthen communication to ensure the effective implementation of the "East Silk, West Solid" initiatives [3].