市场震荡上涨，沪指高开高走涨超1%，再创十年新高，盘中逼近4000点。盘面上，市场热点轮番活跃，存储芯片概念股全天走强，算力硬件概念股延续 强势，核电板块表现活跃。下跌方面，游戏板块走弱。 下跌方面，游戏ETF跌超1%。 ETF涨跌幅方面，5G通信ETF、5GETF涨超5%。 | 代码 | 名称 | 现价 | ~ 涨跌幅 | 估算规模(亿元) | 跟踪指数名称 | | --- | --- | --- | --- | --- | --- | | 515050.SH | 5G通信ETF | 2.258 | 5.07% | 88.071 | 5G通信 | | 159994.SZ | 5GETF | 1.845 | 5.01% | 17.191 | 5G通信 | | 159811.SZ | 5G50ETF | 2.301 | 4.88% | 1.377 | ર૯ 50 | | 515880.SH | > 通信ETF | 2.913 | 4.86% | 96.402 | 通信设备 | | 513310.SH | 中韩米导体ETF | 2.604 | 4.58% | 31.126 | 中韩米号体 | | 159866.S ...

Group 1 - The core viewpoint of the articles highlights a strong performance in 5G communication stocks, with notable increases in share prices for companies such as Shenghong Technology, which rose over 10%, and Zhaoyi Innovation, which hit the daily limit, while Xinyisheng and Industrial Fulian increased by over 8% [1] - The 5G-related ETFs also experienced significant gains, with the 5G50ETF rising by 5.10%, the 5G Communication ETF by 5.07%, and the 5GETF by 5.01% [2] Group 2 - Analysts suggest that AI may represent the largest industrial opportunity since cloud computing, with hardware components like GPUs continuing to grow rapidly, and ASICs expected to become a second growth driver next year [2] - The North American computing power industry chain is anticipated to maintain high growth rates in the coming quarters, driven by the synergy between revenue growth and capital expenditure from cloud service providers [2] - The development of artificial intelligence is described as being in an upward trajectory, with a clear operational loop [2]

10月24日，北京市经济和信息化局举行2025年前三季度工业和信息软件业经济运行新闻发布会。发布会 上介绍，北京前三季度工业和信息软件业合计实现增加值超过1.3万亿元，占全市GDP比重达到35.1%， 对全市经济增长的贡献率达到58.2%。 同时，北京智能经济新形态加速形成。政策上，形成涵盖算力、数据、模型和应用的政策体系。产业 上，全市人工智能相关产业快速发展，累计备案上线大模型162款，占总备案比重近三成，数量位居全 国首位；累计智算供给4.2万PFlops，有力支撑技术创新与应用落地齐头并进。 其中规上工业实现产值突破2万亿元，增加值同比增长6.5%、高于全国平均水平0.3个百分点；信息软件 业营收增速逐月提升，1—8月营收突破2.3万亿元，同比增长14.8%，领先全国平均水平2.7个百分点； 实现利润总额4315.7亿元，同比增长21.3%，增加值同比增长11.2%，拉动GDP增长2.5个百分点，首要 支柱产业关键支撑作用持续凸显。 王德介绍，北京市产业结构向着高端化持续攀升。前三季度全市高端制造业保持快速增长态势，规模以 上高技术制造业和战略性新兴产业增加值分别增长9.9%和17.9%。 生产制造环 ...

息和数据，盘点五年来的发展亮点，带你 看懂成就背后的发展密码。 全球增长最可靠动力 国际影响力 经济体量 国内生产总值 (GDP) 17% (万亿元) 130 120 ● 2024年我国经济总 110 量约占世界17%,稳 居全球第二! 30% "十四五" 规划高质量收官，哪些成就是应知应会硬核知识点？本图梳理权威信息和数据，盘点五年来的发展亮点，带你看懂成就 背后的发展密码。 ●对世界经济增长的 年均贡献率保持在 30%左右,是最稳 2021 2022 2024 ● GDP接连跨越110 万亿、120万亿、 130万亿元,今年预 计约140万亿元。 ● 5年经济增量预计 超35万亿元，超过世 界排名第三国家经济 足、最可靠动力浪。 清单 全球竞 外汇储备 能源生产 货物贸易 人力资源 制造业总体规模 5G 其站数量 规模最大的 中等收入群体和社会保障体系 大国重器频刷屏 大國庫器 LNG运输船 大型邮轮 大型液化 第一期軍 張"气 航空 35 24 13 (LNG) 轮 "旁达 第一期軍 返输船 魔都号" 智能就能 球领导 建同游运营 ·射航母然晶 程 脚下水 此外，还有"天宫"空间站全面运营、C919国产 ...

Core Insights - China's manufacturing sector has evolved from relying on imports to becoming the world's largest and most comprehensive manufacturing powerhouse, showcasing significant productivity and development [2] - The country is experiencing rapid advancements across various fields, with impressive economic indicators reflecting its growth [2][3] Economic Performance - China generates an average GDP of 243 million yuan and a goods import-export value of 83.2 million yuan every minute [2] - Daily production includes approximately 35,900 new energy vehicles and an increase of about 6,845 meters in high-speed rail operating mileage [3] Industry Transformation - Over 800 advanced manufacturing national standards are introduced annually, driving industry upgrades, alongside the addition of 919,600 5G base stations [3] - The transformation from a "world factory" to a high-value manufacturing and technology innovation economy is accelerating, with sectors like high-speed rail, nuclear power, 5G, and new energy vehicles leading the way [3]

Market Overview - On October 17, A-shares experienced a collective decline, with the Shanghai Composite Index falling by 1.95%, the Shenzhen Component Index by 3.04%, and the ChiNext Index by 3.36%. The North Star 50 Index dropped by 3.75% [1] - The total trading volume in the A-share market reached 1.9547 trillion yuan, with over 4,700 stocks declining [1] - Sectors such as electric grid equipment, photovoltaic energy storage, CPO, controllable nuclear fusion, cultivated diamonds, and semiconductors saw significant declines, while gas, precious metals, and airport shipping sectors performed relatively well [1] ETF Performance - Major broad-based ETFs experienced fluctuations, with the A500 ETF (512050) declining by 2.41% [1] - AI-related ETFs collectively fell, with the Chip ETF (159995) down by 3.68% and the AI ETF (515070) down by 2.82% [1] - The 5G Communication ETF (515050) dropped by 4.23%, and the ChiNext AI ETF (159381) fell by 2.33% [1] AI Sector Insights - Despite increased market volatility, the AI sector continues to show strong growth potential, supported by favorable policies and strategic collaborations [2] - The Ministry of Industry and Information Technology is promoting a "millisecond computing" initiative to enhance computing resource accessibility [2] - AMD's strategic partnership with OpenAI and OpenAI's commitment to invest $1 trillion over the next five years for computing capabilities indicate a robust demand for AI computing resources [2] Long-term Outlook - According to Guotai Junan Securities, the prosperity of AI is extending beyond the stock market into credit and bond markets [2] - Future market focus will shift to the sustainability of AI narratives, including the performance of tech companies in Q3 reports and capital expenditure guidance, as well as the Federal Reserve's interest rate path and U.S. fiscal sustainability [2] - The A-share market's attention will return to incremental policies, external liquidity, and regulatory attitudes, balancing growth and stability in investment strategies [2]

编者按：近来，华盛顿在经贸领域的一系列言行，再次向世界演绎了一套美式"优先"逻辑：赢家从不犯 规。拆解美式霸权的逻辑陷阱，揭露其"双重标准"、按自身所需解读规则、伪多边主义等行为特征，对 维护国际公平正义，推动构建开放、包容、普惠、平衡、共赢的国际经济新秩序，具有紧迫而现实的意 义。为此，本报推出系列评论，从科技、金融等角度，还原"美式贸易"的本质，以正视听。 真正自信的强者不需要搞"小动作"；不敢正视竞争、只能通过霸凌来阻碍他人，只会反证自身日趋虚 弱。要赢得21世纪的竞赛，美国必须抛弃"唯我独尊"的陈旧思维。否则，一味坚持那套"赢家永不犯 规"的游戏，只会令美国在逆全球化和自我孤立的歧途上越走越远，最终吞下傲慢与偏执的苦果。（作 者是复旦大学国际关系与公共事务学院教授） 在产业竞争层面，美国对新兴技术领先国家的排斥行为，同样暴露出"凡你所长，我一概排斥"的"双重 标准"。无论是电动汽车、光伏产品还是5G通信，只要他国企业展现出领先优势，美方便迅速以"国家 安全""公平贸易"为名实施市场准入限制或高额关税。这一做法不仅违背世贸规则，更暴露出美国无法 容忍被他国在任何一个关键领域超越的焦虑心态。即便对其传统盟 ...

Core Points - The second Senegal Investment Forum, themed "Connecting Opportunities, Building the Future," was held in Dakar, attracting various international dignitaries, experts, and investors, with Saudi Arabia as the guest country [1] - Senegal's President Macky Sall highlighted the country's multiple advantages in attracting foreign investment and emphasized the government's commitment to optimizing the business environment for mutual cooperation [1] - Over 100 Chinese enterprises are currently operating in Senegal, focusing on large infrastructure projects such as highways, bridges, and ports, as well as investments in manufacturing and high-tech sectors, playing a significant role in enhancing bilateral trade cooperation between China and Senegal [1] Investment Environment - The Senegalese government is actively working to improve the business environment to attract foreign investments [1] - The forum showcased the achievements and future visions of Sino-Senegalese cooperation in various fields, including infrastructure, 5G communication, smart manufacturing, and low-carbon technology [1] Participation and Collaboration - The forum featured a visit by Senegal's President and Prime Minister to the Chinese enterprise exhibition area, which displayed the contributions of over 20 Chinese companies [1] - The event aimed to foster consensus among Chinese and Senegalese businesses to align needs and create future opportunities [1]

Group 1 - The core argument emphasizes that China's economy has maintained strategic stability and high-quality development despite global uncertainties, showcasing resilience and vitality [3][4][6] - From 2012 to 2024, China's GDP is projected to grow from 54 trillion yuan to nearly 135 trillion yuan, with an average annual growth rate of 6%, nearly double the global average of 3.1% [3] - The contribution of consumption to economic growth is expected to reach around 63% during the 14th Five-Year Plan period, indicating a shift towards a consumption-driven economy [4] Group 2 - China's innovation index has significantly improved, rising from 34th in 2012 to 10th in 2025, with a notable increase in patent applications [4] - The country has become the world's largest market for industrial robots and is rapidly advancing in artificial intelligence and biotechnology [20][21] - The integration of technology and industry is accelerating, with high-tech manufacturing growth outpacing overall industrial growth [15] Group 3 - The rural population's income growth has consistently outpaced that of urban residents, reflecting successful poverty alleviation efforts [5] - Nearly 100 million rural poor have been lifted out of poverty, marking a significant achievement in social development [5] - The construction of new infrastructure and urban renewal projects is expected to create substantial investment opportunities [22][23] Group 4 - China's foreign trade has remained robust, with the total goods trade volume ranking first globally for several years [6] - The Belt and Road Initiative has positioned China as a key player in international cooperation and trade [6] - The country has established itself as a major trading partner for over 150 countries and regions [6] Group 5 - The focus on green development has led to significant improvements in environmental quality, with China ranking first in renewable energy capacity [36] - The country aims to achieve carbon neutrality and has implemented various ecological protection measures [36] - The energy transition index shows a substantial rise in China's ranking, reflecting progress in sustainable development [5]

Group 1 - China's technological innovation capabilities are continuously improving, leading in fields such as 5G, artificial intelligence, and new energy [3] - Infrastructure construction in China is advancing rapidly, with high-speed rail and expressway mileage ranking first in the world [3] - China's achievements in ecological civilization construction are significant, contributing to a cleaner and greener environment [3] Group 2 - China actively participates in global governance, contributing Chinese wisdom and solutions for world development [3] - The progress of the nation is attributed to the hard work and dedication of various professionals, including scientists, engineers, farmers, workers, teachers, and doctors [3] - The collective efforts of individuals in different sectors are essential for the continuous development and improvement of life in China [3]