文丨金融八卦女 八妹 你好，2026年！ AI还被引入到很多产业，AI医疗、AI教育、AI电商、AI金融...已经不是概念，AI从"工具"，正式成为大众生活的一部分。此后一年里，我们又看到机器人跑 马拉松、背着桶装水爬山、还在王力宏演唱会上翻跟头，家用炒菜机器人就差量产了。 这一年，中国新能源汽车也带来很多"意想不到"。在市场、出口、技术、保有量四大维度均实现历史性突破。现在市面上每卖出2辆车，其中就有1辆是新能 源。 回望过去的一年，时光匆匆，有太多的意想不到。尽管这一年世界局势变幻莫测，但中国依然稳稳"硬核"。 从科技革新的壮举到文化出海的惊艳，从产业升级的突破到消费生活的改变，好多事情正在不可逆转地定义着"明天"，有些已经在改变我们的生活。 / 01/ 2025年的第一波"想不到"来自《哪吒2》，影片以154亿票房横扫春节档，登顶中国电影票房榜，即便放眼全球，也能排到历史前5。 中国本土动画的工业水准被广泛赞誉，同时向全世界讲述了中国故事，传递了中国文化。奈飞受此影响，今年上线了多部国潮风的古装剧。 ▲图源：电影哪吒之魔童闹海官方微博 过去的一年，最大的"想不到"是人工智能这么快普及和应用，并贯穿全年。 ...

千笔楼｜2026，尽情"畅"吧！ 2025年12月23日10时，D4667次列车从包头站驶出，呼啸向西。包银高铁全线通车，东接华北、北联俄 蒙；西通西北、贯通欧亚。 一隅通而全局畅者，远不止包银高铁，也不止道路交通。绵密如织的电网，让塞北的风，点亮浦东的 灯；深圳创业的年轻人，鼠标轻点，即可完成四川分公司备案；北京住院的西北老人，滑动手机，就能 办结医保异地结算…… 路畅、事畅、心畅。回首2025，"畅"起来的中国让人感慨万千。展望2026，全国统一大市场建设纵深推 进，一个山河无阻道路畅、变革破壁制度畅、政通人和心情畅的"畅通中国"，更值得憧憬。 2025年的最后十天，"畅"的好消息，在神州大地"扎堆"播报： 2025年，《优化营商环境条例》继续细化实施，市场准入负面清单动态调整，积极推行包容审慎监管。 12月22日，汕汕高铁汕头至汕头南段顺利投用；23日，包头至银川高铁全线通车；26日，沪渝蓉沿江高 铁武汉至宜昌段开通运营；同一天，西安至延安高铁通车；还是这一天，天山胜利隧道通车…… 一子落定，满盘皆畅。这些刚刚开通的路、洞、桥，大多是主动脉上并不算长的一段，却以"四两拨千 斤"，成为畅通全局的关键。 1 ...

【#2025中国做对了什么#? 】回顾2025年，中国多项提振消费政策发力显效，促进消费潜力不断释放。 从《哪吒2》跻身全球票房前十，到年轻人排队抢购潮流IP，再到外国游客拖着空箱来华"扫货"，一个 清晰的信号正在显现：中国消费正在回暖，并呈现出更加多元、更高质量的新动能。一个不断扩大的中 国市场，正在成为全球经济新的连接点。展望2026年，中国大市场作为中国经济最可靠的动力来源，将 继续为世界经济增长做出重要贡献。#智见中国# ...

就近年的电影市场表现来看，2025年可谓是"集大成之作"，所谓二八分化也是达到了极致。这种分化已经远远超越想象，较往年那种分化有了进一步的提 升。因此在分化之下，哪怕全年再度突破500亿大关，但体感还是非常不好，并没有感觉到市场的回暖，甚至寒风更加刺骨。 所谓分化，即"消灭中产" 全年电影市场的主旋律，即一头一尾的动画电影霸市，《哪吒2》跟《疯狂动物城2》联手贡献近200亿的体量，让如今的电影市场彻底疯狂，也让分化变 得尤为极端。以此来看，分化不仅是此刻的主旋律，在未来只会更加升级，强者通吃将成为永恒的主题。 | 影片 | 属性 | 票房 | 上映日期 | | --- | --- | --- | --- | | 哪吒2 | ET | 154.46亿 | 2025.1.29 | | 疯狂动物城2 | 引进 | 预计42亿 | 2025.11.26 | | 唐探1900 | 国产 | 36.12亿 | 2025.1.29 | | 南京照相馆 | 国と | 30.17亿 | 2025.7.25 | | 731 | EP | 19.43亿 | 2025.9.18 | | 浪浪山小妖怪 | 国产 | 17.19亿 | ...

对话嘉宾 张宇燕 中国社会科学院学部委员 罗伯特·劳伦斯·库恩 美国库恩基金会主席 陈凤英 中国现代国际关系研究院研究员 翁诗杰 马来西亚亚太"一带一路"共策会会长 刘元春 上海财经大学校长 马哈茂德·乌尔·哈桑·汗 巴基斯坦南亚与国际研究中心主任 亚西鲁·拉纳拉贾 斯里兰卡国际问题专家 人类经济社会的每一次前行，总是在困境中探寻机遇、在动荡中找寻平衡。 即将过去的2025年，世界经济在缓慢复苏、温和增长与高度不确定性交织的发展进程中，展现出难能可 贵的韧性。面对地缘冲突持续、全球供应链产业链遭到冲击等困难与挑战，全球科技创新催生发展新动 能，全球绿色转型步伐不断加快，全球南方国家进一步深化南南合作，为世界经济注入稳定性和正能 量。 更令人欣喜的是，面对复杂严峻的外部环境，中国经济顶压前行、向新向优发展，展现强大韧性和活 力，成为世界经济的"稳定锚"。 2026年即将到来。世界经济前景如何？风险几多，机遇又在哪里？中国经济将提供怎样的信心与确定 性？ 本报邀请多位中外经济学者，共同解读世界经济2025年成绩单与2026年新展望。 2025年，世界经济整体表现如何，呈现怎样的亮点与看点？ ◇冲击与韧性◇ ☆20 ...

对话嘉宾 罗伯特·劳伦斯·库恩 美国库恩基金会主席 张宇燕 中国社会科学院学部委员 翁诗杰 马来西亚亚太"一带一路"共策会会长 陈凤英 中国现代国际关系研究院研究员 马哈茂德·乌尔·哈桑·汗 巴基斯坦南亚与国际研究中心主任 刘元春 上海财经大学校长 亚西鲁·拉纳拉贾 斯里兰卡国际问题专家 山东港口青岛港。张进刚摄（新华社发） 图为2025年6月，外国嘉宾在世界经济论坛第十六届新领军者年会（2025夏季达沃斯论坛）现场交流讨 论。 新华社记者 李然摄 图为今年5月，带着行李箱的外国客商在浙江义乌国际商贸城准备采购样品。 新华社记者 陈朔摄 人类经济社会的每一次前行，总是在困境中探寻机遇、在动荡中找寻平衡。 即将过去的2025年，世界经济在缓慢复苏、温和增长与高度不确定性交织的发展进程中，展现出难能可 贵的韧性。面对地缘冲突持续、全球供应链产业链遭到冲击等困难与挑战，全球科技创新催生发展新动 能，全球绿色转型步伐不断加快，全球南方国家进一步深化南南合作，为世界经济注入稳定性和正能 量。 更令人欣喜的是，面对复杂严峻的外部环境，中国经济顶压前行、向新向优发展，展现强大韧性和活 力，成为世界经济的"稳定锚"。 图为2 ...

Core Viewpoint - The A-share market has undergone significant structural changes over the past year, with the technology sector showing remarkable performance, driven by three levels of logical resonance, leading to an optimistic outlook for the future [1][3]. Macro Level - Strong support from national strategies is driving the rapid development of emerging industries, with a focus on breaking through key core technologies and promoting technological innovation through top-level institutional design and financial resource allocation [1][2]. - The State Council has issued opinions to deeply implement the "Artificial Intelligence +" initiative, promoting the integration of AI with various sectors of the economy and society [1]. Meso Level - A new round of technological innovation is catalyzing the revaluation of Chinese technology assets, with notable advancements in AI, robotics, and smart driving, showcasing the emergence of excellent Chinese tech companies [2]. - Examples include DeepSeek achieving performance comparable to ChatGPT at a fraction of the cost, and significant cultural milestones such as the success of "Nezha 2" at the box office [2]. Micro Level - Improvement in liquidity conditions and the influx of incremental capital are supporting the technology market, with foreign capital turning bullish and a rebalancing of domestic and foreign funds [2]. - From January to August, non-bank deposits increased by 5.87 trillion yuan, a historical high for the same period, while margin trading balances and new institutional accounts surged, particularly in the computer and communication sectors [2].

Core Insights - China's service trade is projected to exceed $1 trillion for the first time in 2024, marking a historic high and providing greater certainty for global economic development [1] Group 1: Growth and Structural Changes - The service trade's total import and export volume surpassed $737 billion in the first eight months of this year, indicating robust growth [1] - Knowledge-intensive services are emerging as a new growth engine, with significant increases in exports of telecommunications, computer, and information services [2] - The travel service sector is experiencing a strong recovery, with the expansion of visa-free policies attracting more international tourists to China [2] Group 2: Technological Empowerment - The recent China International Service Trade Fair showcased advanced technologies such as AI and 5G/6G, highlighting their integration into various sectors like finance, education, and healthcare [2] Group 3: Current Challenges - Traditional service sectors like logistics and construction still dominate, while high-value services such as finance and legal services have a high dependency on imports [3] - The eastern region contributes nearly 80% to the national service trade, while the central and western regions, despite rapid growth, remain small in scale [3] - China's participation in global digital service trade standard-setting is below 15%, limiting its influence in key areas like data cross-border flow and digital taxation [3] Group 4: Policy Initiatives - Recent policies from the Ministry of Commerce and other departments aim to promote service exports through 13 specific measures targeting financing difficulties and data flow issues [4] - The focus is on supporting new business models like digital and green services, with a comprehensive policy framework to guide future development [4] - The development of high-quality service trade is closely linked to domestic demand expansion, encouraging the supply of quality services through innovative scenarios and business integration [4]

Core Insights - The animated film "Wang Wang Mountain Little Monster" has achieved a daily box office of 28.82 million, outperforming the 9.44 million of "Dongji Island" and previously grossing 400 million from "Little Black War 2," indicating a significant trend where animated films are surpassing big-budget productions by renowned directors [1][2][9] - This trend began with "Nezha 2," which easily defeated "Fengshen 2" in box office performance, highlighting a shift in audience preference towards animated films over traditional blockbuster formats [1][9] Industry Trends - The animation sector has evolved significantly over the past decade, with annual box office revenue increasing from 1.657 billion in 2018 to over 10 billion in 2025, showcasing a remarkable growth trajectory [9][18] - Animated films are increasingly exploring diverse themes and narratives, such as "Tea Ah Er Zhong," which focuses on campus life, and "Lion Boy," which integrates traditional culture with modern storytelling [9][12] Audience Preferences - Modern audiences are becoming more discerning, favoring films that resonate emotionally rather than those that rely solely on high production values or star power [20][21] - The success of films like "Nezha" and "Wang Wang Mountain Little Monster" illustrates a shift towards stories that reflect ordinary people's struggles and experiences, contrasting with the declining appeal of grandiose narratives typical of high-budget productions [18][20] Director and Production Dynamics - There is a growing critique of established directors who continue to rely on outdated tropes and aesthetics, such as the obsession with male physicality, which may not align with contemporary audience values [4][6][15] - The industry is witnessing a backlash against the traditional "star-director" model, as audiences increasingly reject films that fail to deliver compelling narratives, regardless of the director's reputation or the film's budget [15][17] Cultural Reflection - The resurgence of animated films often incorporates elements of Chinese traditional culture, indicating a broader cultural renaissance within the industry [12][21] - The narrative focus on relatable, everyday experiences in animated films contrasts sharply with the often convoluted and less relatable plots of recent high-budget live-action films [20][21]

Group 1 - The animated film "The Little Monster of Langlang Mountain" has surpassed 574 million yuan in box office revenue, becoming the highest-grossing domestic 2D animated film in Chinese history, surpassing "Big Fish & Begonia" [2] - Since its release on August 2, the film has received positive reviews, achieving a single-day box office of over 100 million yuan on August 9 and becoming the box office champion for that day, marking it as a dark horse of the summer season [4] - The film's first-day box office exceeded 35 million yuan, and it accumulated 133 million yuan over its opening weekend, demonstrating a rare phenomenon of box office growth in a competitive summer market [4] Group 2 - "The Little Monster of Langlang Mountain" is a derivative film of "Chinese Folktales," continuing the narrative of the short film "The Summer of Little Monsters," and it explores classic Journey to the West mythology from the perspective of ordinary monsters [6] - The film effectively reaches multiple age demographics, appealing to children with its cute monsters, engaging teenagers with its adventurous storyline, and resonating with working adults through its workplace metaphors, being described as a "fairy tale for adults" [6] - The film employs "ink wash + 3D rendering" technology, enhancing visual appeal while maintaining a hand-drawn quality, showcasing that 2D animation can be modern and distinctive with a "new national style" label [8] Group 3 - The total box office forecast for "The Little Monster of Langlang Mountain" has increased from an initial estimate of over 400 million yuan to over 1.5 billion yuan, indicating significant market potential despite being smaller in scale compared to "Nezha 2," which grossed over 15 billion yuan [8]