中国人民大学国家发展与战略研究院研究员 吴玉章讲席教授 2026年是"十五五"开局之年。站在新的起点上，我国经济拥有更多积极因素支撑，也将涌现更多发展机 会和投资机遇。新年之初，我们推出"开局之年看大势"系列报道，聚焦2026年经济发展的新变化、新场 景与新活力，呈现一份有深度、有温度、有态度的趋势解读。 刘晓光 刚刚过去的2025年，"苏超"撬动票根经济，"村晚"带火乡村文旅，《哪吒之魔童闹海》刷新票房纪录， 潮玩"拉布布"掀起抢购热潮……从县域赛事到国潮IP，从实体商品到沉浸式体验，热潮奔涌的消费市 场，生动印证了我国超大规模市场的澎湃活力与无限潜能。 全国政协委员尹艳林表示，实施城乡居民增收计划，就是要增加老百姓的工资性收入、经营性收入、财 产性收入以及其他转移支付收入。随着我国经济回升向好，市场预期改善，投资理财出现新变化，居民 财产性收入有望提升，为消费信心注入持久动力。 持续增强供需适配 我国拥有世界上最完整的工业体系，但也面临着供强需弱的矛盾。扩大内需，提振消费，也要在适应消 费结构变化、增强供需适配性上做文章。2025年中央经济工作会议提出，扩大优质商品和服务供给。工 业和信息化部副部长谢远生 ...

格隆汇1月6日丨飞亚达(000026.SZ)在互动平台表示，公司主营手表业务，同时积极培育精密制造和智 能穿戴等战略新兴产业业务。目前公司智能穿戴业务相关收入占总收入比重较小，相关政策对公司整体 经营无重大影响。 ...

Group 1 - The core viewpoint emphasizes the importance of expanding domestic demand as a key strategy for economic growth in 2026, highlighting the need for a strong domestic market [1][2] - The article discusses the significant potential of China's consumer market, driven by a population of over 1.4 billion and a growing middle-income group, which lays a solid foundation for domestic demand growth [2][3] - It points out the shift in consumer behavior from goods consumption to a balanced focus on both goods and services, indicating a substantial opportunity in service consumption [2][4] Group 2 - The article outlines the government's plan to enhance supply-demand matching by increasing the supply of quality goods and services, aiming for a high-quality development pattern by 2030 [4][5] - It highlights the role of technology, particularly AI and big data, in capturing consumer demand and driving innovation in product offerings [5][6] - The focus on effective investment is crucial for stimulating domestic demand, with policies aimed at optimizing consumption and investment strategies to create a virtuous cycle [6][7] Group 3 - The article identifies new consumption growth points in areas such as product quality improvement, service expansion, digital upgrades, and green health, which are expected to drive market development [8][9] - It mentions specific sectors projected to become trillion-yuan markets, including elderly products and smart connected vehicles, as well as billion-yuan hotspots like children's products and fitness equipment [9][10] - The overall narrative suggests that as supply and demand achieve a higher level of dynamic balance, China's economy will transition from a "large market" to a "strong market" [10]

中新网深圳12月27日电 (记者 许青青)"百万英才汇南粤"2025年秋季大型综合招聘会27日在深圳举行， 东莞招聘团以"智创优品、和美宜居"为主题，携332家该市重点企事业单位、7676个优质岗位掀起引才 热潮。其中，潮玩骨干企业岗位吸引了众多年轻求职者。 12月27日，"百万英才汇南粤"2025年秋季大型综合招聘会在深圳举行，东莞招聘团携332家该市重点企 事业单位、7676个优质岗位掀起引才热潮。程永强 摄 据了解，作为广东省年末规模最大、规格最高的招才引智盛会，本届招聘会汇聚粤港澳三地超1600家重 点用人单位，提供超过6.5万个优质岗位。其中，东莞展区凭借其汇聚的"金字塔尖"科创平台与雄厚 的"东莞智造"企业矩阵，成为全场高学历、高技能人才关注的焦点之一。 如被誉为"国之重器"的中国散裂中子源科学中心推出实验控制、数据分析、谱仪研究等40余个年薪40 万-50万元的高端岗位，吸引了大量志在基础科学研究的顶尖人才驻足深谈。中国科学院东莞材料科学 与技术研究所、大湾区大学、香港城市大学(东莞)等顶尖科研机构与高校，成功与众多博士后、青年学 者及专业技术人员达成了初步意向。 为提升对接成效，现场还创新设置 ...

人民财讯12月24日电，江西省人民政府印发《江西省"人工智能+"行动方案》，其中提出，加大具身智 能、消费电子等领域传感器研发生产，加快智能穿戴、虚拟现实等领域产品创新，支持企业开展光通 信、显示、音视频等模组研发应用。支持有基础的地方加强企业培育和项目招引，承接核心城市外溢标 注业务，争取纳入全国数据标注试点。鼓励标注企业加强智能化处理工具和平台研发，培育壮大数据处 理和数据服务产业。 ...

Core Viewpoint - The Chongqing Municipal Government has issued an "Artificial Intelligence+" action plan to foster new products and business models in smart consumption [1] Group 1: AI Development Initiatives - The plan encourages the exploration of new business models utilizing AI, aiming to develop a system of smart native technologies, products, and services [1] - There is a focus on developing AI smartphones and computers with multimodal interaction and intent understanding capabilities [1] Group 2: Smart Home Appliances - The initiative promotes the development of AI home appliances such as smart refrigerators and smart laundry machines, aiming to create a comprehensive smart home appliance ecosystem [1] - Solutions involving embodied intelligent robots for scenarios like delivery and shopping are to be introduced, innovating product forms and service models [1] Group 3: Wearable Technology - The plan includes the development of smart wearable products such as AI glasses, watches, and AR/VR devices [1]

Policy Overview - The "Implementation Plan" aims to enhance the adaptability of consumer goods supply and demand, targeting the formation of three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots by 2027[6]. - The plan emphasizes a shift from broad-based consumption policies to a focus on quality supply that meets diverse consumer needs, aiming for structural optimization in supply-demand matching[3]. Key Objectives - By 2027, the consumer goods supply structure is expected to be significantly optimized, with specific focus on sectors such as elderly products, smart connected vehicles, and consumer electronics[6]. - The plan outlines five key tasks and nineteen specific initiatives, including accelerating new technology applications and expanding the supply of unique and innovative products[12]. Market Impact - The plan is projected to activate consumption potential through supply-side reforms, addressing mismatches where consumers want to buy but cannot find suitable products[6]. - The expected contribution of consumption to economic growth is set to increase steadily, with a goal of achieving a high-quality development pattern by 2030[6]. Industry Focus - Key consumption hotspots include baby products, smart wearables, cosmetics, fitness equipment, outdoor goods, pet supplies, and cultural fashion items[6]. - The plan encourages industries to focus on precise demand matching, technological empowerment, and the integration of consumption scenarios to maximize policy benefits[14]. Financial Support - The plan highlights the importance of financial support and aims to enhance the adaptability and convenience of consumer finance services, with a focus on promoting consumption through subsidies and incentives[18]. - The "old-for-new" subsidy policies are expected to continue into 2026, with an emphasis on targeted and expanded coverage[18].

Group 1: Policy Insights - The joint policy issued by six ministries aims to enhance the adaptability of supply and demand in consumer goods, marking a significant shift in consumption policy since the Fourth Plenary Session[6] - By 2027, the goal is to establish three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots, indicating a strong focus on new consumption[7] - The policy emphasizes the application of new technologies and models, expanding the supply of unique and new products, and fostering new consumption scenarios and business formats[6] Group 2: New Consumption Characteristics - New consumption is characterized by a focus on emotional value and technological content, with consumers increasingly valuing emotional experiences over mere functionality[14] - The rise of short video platforms and the experience economy is reshaping both online and offline consumption scenarios, enhancing consumer engagement and satisfaction[16] - The Z generation and younger elderly populations are becoming the main consumer forces, driving demand for products that align with their values and emotional needs[26] Group 3: Market Dynamics - The transition from an incremental consumption market to a high-quality development phase is driven by the need to address product homogeneity and enhance consumer experience[18] - The increasing middle-income population, projected to exceed 400 million by 2025, is expected to provide sustained momentum for consumption growth[20] - New consumption brands like Mixue Ice City, Pop Mart, and Laopuhuang are thriving due to their unique IPs and precise market positioning, demonstrating strong revenue growth[41]

Group 1: Macroeconomic Strategy - The article emphasizes the need to boost domestic consumption, noting that China's consumption rate lags behind developed countries by 10-30 percentage points, particularly in service consumption[1] - Short-term measures include optimizing supply and reducing restrictions to enhance the availability of quality consumer goods and services[1] - Long-term strategies focus on increasing residents' income and improving the share of labor remuneration in national income distribution[1] Group 2: Investment Expansion - The report advocates for effective investment expansion, particularly in infrastructure, while maintaining a balance to avoid excessive investment[2] - Key investment areas include urban renewal, strategic transportation corridors, new energy systems, and major water conservancy projects[2] - The government plans to implement significant projects in consumer-related sectors, such as elderly care and health services, to support consumption[2] Group 3: Policy Developments - A recent plan aims to create three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots by 2027, focusing on areas like elderly products and smart connected vehicles[2] - The government has allocated 700 billion yuan and 800 billion yuan in special bonds for "hard investment" projects in the past two years[2] - The report highlights the importance of enhancing the efficiency of investment returns and addressing the issues of "heavy investment, light returns" in certain sectors[2]

Group 1 - The core viewpoint of the article emphasizes the implementation plan by six departments to enhance the adaptability of supply and demand in consumer goods, aiming for significant structural optimization by 2027 and a high-quality development pattern by 2030 [1][2] - The plan sets two main goals: to create three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots by 2027, and to establish a mutually reinforcing interaction between supply and demand by 2030 [1][2] - The current consumer market in China is experiencing accelerated upgrades and faster segmentation, with diverse demands for personalized, high-quality, intelligent, and green products, while facing structural contradictions due to oversupply of homogeneous and low-end products [1] Group 2 - The plan focuses on the "silver economy" and children's products, targeting the growing elderly population and increasing birth rates as significant growth opportunities [2] - Key areas highlighted in the plan include smart connected vehicles, consumer electronics, smart wearables, and civilian drones, aligning with the development direction of new productive forces [2] - Cultural elements are integrated into products, with an emphasis on transforming traditional aesthetics and heritage skills into marketable goods, aiming to boost consumer confidence and drive consumption through cultural identity [2][3]