历史的坐标上，镌刻着奋进的足迹。 "十五五"战鼓催征，江淮大地意气风发、奋楫争先。《中共安徽省委关于制定安徽省国民经济和社会发 展第十五个五年规划的建议》为安徽未来五年的发展锚定方向、明确路径——要在打造具有重要影响力 的科技创新策源地、新兴产业聚集地、改革开放新高地、经济社会发展全面绿色转型区上实现新突破。 回望来路，从"十三五"厚积薄发，到"十四五"全面跃升，安徽以一步一台阶的节奏，一路追赶、一路蝶 变，向上、向优、向新的轨迹清晰而有力。 奔赴新程，千帆竞发，"皖"象俱新。迈步"十五五"，一个奋力"往前赶"的安徽，将如何实现更高水平的 突破？中国证券报调研小分队近日深入江淮大地，找寻答案。 ● 本报记者联合报道 策源： 狠抓创新澎湃发展动能 安徽"往前赶"的动力何来？底气何来？答案：创新！创新！ "十四五"时期，安徽科技创新格局实现重大转变，原始创新成果涌现，产业发展从要素驱动转向创新驱 动，区域创新能力稳居全国第一方阵。现今的安徽，已是全国创新版图中占据重要席位的"策源地"。 面向"十五五"，安徽把"坚持下好创新先手棋"列为七大原则之一，并提出"坚持科技打头阵"，传递的信 号清晰且强烈：在安徽，创新依然 ...

Core Insights - Quantum technology is transitioning from laboratory research to commercial applications, with significant advancements made by global tech giants and Chinese prototypes like "Zu Chongzhi" and "Jiu Zhang" [1] - The Chinese government has identified quantum technology as a key future industry in its 14th Five-Year Plan, aiming to foster its development as a new economic growth point [1] Industry Development - The quantum technology market in China is projected to reach $9.758 billion by 2029, with a compound annual growth rate (CAGR) of 37.45% from 2024 to 2029 [3] - The industry is currently in a critical transition phase, moving from "0 to 1" to "1 to N," indicating a mix of differentiation and localized breakthroughs [3] Bottlenecks in Industrialization - The main bottlenecks for quantum technology industrialization are technological maturity and supply chain support, particularly in quantum bit stability and error correction efficiency [5] - Key breakthroughs are needed in core technologies like quantum bit stability and the domestic production of essential equipment to ensure the technology's successful application [5] Commercialization Prospects - Quantum communication is expected to be the first area to achieve large-scale commercialization in China, supported by early investments and infrastructure development by major telecom operators [6] - Quantum computing is anticipated to have significant potential in sectors such as biomedicine, new materials development, and logistics optimization, where classical computers struggle with large-scale optimization problems [6] Supply Chain and Domestic Production - There is a strong demand for domestic alternatives for upstream core components and critical equipment, driven by cost reduction and the need for technological independence from Western suppliers [7] Market Sentiment and Investment Evaluation - The recent surge in quantum technology stocks is attributed to technological advancements and policy support, although it is primarily driven by short-term trading sentiment [8] - For evaluating the investment value of quantum technology companies that are still in the R&D phase, the price-to-sales (PS) ratio can be a useful metric, alongside assessments of the company's research team, product positioning, and regional policy support [9]

Core Insights - China's total R&D expenditure has surpassed 3.6 trillion yuan, with the number of provinces investing over 100 billion yuan in R&D increasing from 4 in 2014 to 12 in 2024 [1] - The national R&D investment intensity has risen from 2.05% to 2.69% over the past decade, with basic research expenditure's share increasing by 2 percentage points and an average annual growth rate exceeding 10% [1][2] - In 2024, China's R&D expenditures are projected to reach 36,326.8 billion yuan, ranking second globally, only behind the United States [2] R&D Expenditure Breakdown - In 2024, the expenditures for basic research, applied research, and experimental development are expected to be 250.9 billion yuan, 430.55 billion yuan, and 29,520.4 billion yuan, respectively, reflecting growth rates of 10.7%, 17.6%, and 7.6% compared to the previous year [1][2] - Basic research funding is growing faster than overall R&D funding, indicating a strong focus on foundational scientific inquiries [2] Regional Analysis - R&D expenditures in China's eastern, central, western, and northeastern regions for 2024 are projected to be 23,773.0 billion yuan, 6,582.1 billion yuan, 4,759.8 billion yuan, and 1,211.9 billion yuan, respectively, with growth rates of 9.0%, 8.4%, 9.2%, and 8.6% [3] - The western region shows the fastest growth rate in R&D expenditure [3] Sectoral Insights - The manufacturing sectors with the highest R&D expenditure growth from 2014 to 2024 include computer, communication, and other electronic equipment manufacturing (243% increase), automotive manufacturing (258% increase), and electrical machinery and equipment manufacturing (174% increase) [7] - Provinces such as Anhui, Hubei, Sichuan-Chongqing, and Shaanxi have seen R&D expenditure growth rates exceeding the national average [8] Policy and Future Directions - The government aims to enhance basic research coordination and improve original innovation capabilities as part of the upcoming "14th Five-Year" plan [2] - The focus will be on expanding R&D funding channels and strengthening support systems for technology finance, venture capital, and fiscal policies [9]

Core Insights - The "14th Five-Year Plan" is nearing completion, with 102 major projects making significant progress and expected to meet all planning goals by the end of the year [1] Infrastructure Development - Major transportation infrastructure projects such as the China-Laos Railway and the Guiyang-Nanning High-Speed Railway have been completed and are operational, while the Sichuan-Tibet Railway and the Pinglu Canal are under steady construction [3] - Approximately 90% of county-level administrative centers have access to highways within 30 minutes, and cities with populations over 500,000 have a high-speed rail coverage rate of 97% [3] Technological Advancements - Significant breakthroughs in cutting-edge technology have been achieved, including the successful landing of the "Zhurong" Mars rover, the return of lunar soil by the "Chang'e 5" mission, and the global leadership of the "Zuchongzhi 3" quantum computing prototype [5] - The "East Super Ring" nuclear fusion experimental device has achieved a world record of 1 million degrees Celsius and maintained stable plasma operation for 1,066 seconds [5] Ecological Construction - The ecological construction efforts have created new miracles for a beautiful China, with the "Three-North" project completing construction tasks covering 16.4 million acres [7] - Significant progress has been made in combating desertification, including the establishment of a green barrier along the edge of the Taklamakan Desert, spanning over 3,000 kilometers [7]

Core Points - The "14th Five-Year Plan" is nearing completion, with 102 major projects making significant progress and expected to meet all planning goals by the end of the year [1] Group 1: Infrastructure Development - Major transportation infrastructure projects such as the China-Laos Railway and the Guiyang-Nanning High-Speed Railway have been completed and are operational [3] - Approximately 90% of county-level administrative centers have access to highways within 30 minutes, and cities with populations over 500,000 have a high-speed rail coverage rate of 97% [3] Group 2: Technological Advancements - Significant breakthroughs in cutting-edge technology have been achieved, including the successful landing of the "Zhurong" Mars rover, the return of lunar soil by "Chang'e 5," and the global leadership of the "Zuchongzhi 3" quantum computing prototype [5] - The "East Super Ring" nuclear fusion experimental device has achieved a world record of 100 million degrees Celsius and maintained plasma operation for 1,066 seconds [5] Group 3: Ecological Construction - The ecological construction efforts have led to remarkable achievements in creating a beautiful China, with the "Three-North" project completing 164 million acres of construction tasks [7] - Effective measures have been taken to combat desertification, including the establishment of a green barrier along the edge of the Taklamakan Desert, spanning over 3,000 kilometers [7]

Core Insights - Anhui Province's GDP is projected to increase from 3.87 trillion yuan at the end of the 13th Five-Year Plan to 5.06 trillion yuan by 2024, marking a significant leap across two trillion yuan thresholds during the 14th Five-Year Plan [1][3] - The province's innovation capabilities and industrial performance rank among the top 10 nationally, and first in Central China, indicating a strong competitive position [1] Economic Growth - The expected GDP increment of 1.4 trillion yuan over five years highlights robust economic growth [1] - The province's major emerging industry bases are projected to increase in output value from 750 billion yuan at the end of the 13th Five-Year Plan to 1.35 trillion yuan by 2024 [3] Industrial Development - Anhui's automotive industry has achieved historic breakthroughs, with production rankings rising from 8th to 1st nationally for both total vehicles and new energy vehicles during the 14th Five-Year Plan [3] - The province has established over 5,000 foreign-funded enterprises from more than 110 countries and regions, with an annual investment growth rate of 27.7% from countries involved in the Belt and Road Initiative [3] Technological Advancements - Significant advancements in quantum computing and other high-tech sectors have positioned Anhui as a leader, with notable projects like the "Zuchongzhi No. 3" quantum computing prototype and the "Benyuan Wukong" quantum computing service [3] - The province's four major strategic emerging industry clusters, including integrated circuits and artificial intelligence, rank third in China for excellence [3]

Core Viewpoint - The report emphasizes the need for a stable yet progressive approach to economic work in the second half of the year, focusing on maintaining employment, supporting enterprises, and stabilizing market expectations while promoting domestic and international economic circulation [2][3][13]. Economic Performance - In the first half of the year, China's GDP grew by 5.3% year-on-year, an increase of 0.3 percentage points compared to the previous year. Urban employment increased by 8.2 million, achieving 68% of the annual target, with an average urban unemployment rate of 5.2% [6][11]. - The total value of goods imports and exports in RMB increased by 3.5%, with exports rising by 7.3%. Foreign exchange reserves remained stable at over $3.2 trillion [6][11]. Policy Implementation - The government is committed to implementing proactive fiscal policies and moderately loose monetary policies to enhance policy effectiveness. Key areas of spending, such as social security and education, saw increases of 9.8% and 5.7%, respectively, in the first seven months [7][10]. - The report highlights the importance of evaluating policy implementation and optimizing measures based on assessment results to enhance policy effectiveness [3][14]. Domestic Demand and Consumption - The report outlines efforts to boost domestic demand, including the introduction of consumption stimulus measures and the promotion of effective investment. By the end of July, over 670,000 vehicles were replaced under the old-for-new policy [7][10]. - Infrastructure investment and manufacturing investment grew by 3.2% and 6.2%, respectively, in the first seven months [7][10]. Industrial Development - The report notes significant advancements in technology and industrial innovation, with high-tech manufacturing output increasing by 9.5% in the first seven months. The production of industrial robots surged by 32.9%, and the production and sales of new energy vehicles approached a 40% increase [8][10]. Reform and Opening Up - The government is focused on deepening reforms and expanding high-level opening up, with the establishment of a unified national market framework and the implementation of the Private Economy Promotion Law [8][10]. - The report mentions that the number of countries with visa-free access has increased to 46, and the number of countries with mutual visa exemptions has reached 29 [8][10]. Regional and Urban-Rural Development - The report emphasizes the importance of regional coordination and urban-rural integration, with significant economic growth in provinces like Jiangsu, Shandong, and Zhejiang, which saw GDP growth rates of 5.7%, 5.6%, and 5.8%, respectively [9][10]. - Efforts to consolidate poverty alleviation achievements and promote rural revitalization are ongoing, with a focus on improving living conditions and infrastructure in rural areas [9][10]. Social Welfare and Safety - The report highlights measures to improve social welfare, including employment support and public service enhancements. The unemployment rate for migrant agricultural workers was reported at 4.9% in July [10][11]. - Safety measures in food production and energy supply are being strengthened to ensure stability and security in these critical areas [10][11].

Group 1: Economic Growth and Innovation - The added value of high-tech manufacturing in China increased by 9.5% year-on-year in the first half of the year, contributing 23.3% to the overall industrial growth [1] - R&D expenditure as a percentage of GDP in China has approached 2.7%, surpassing the EU average and nearing the OECD average [2] - The number of effective invention patent applications in China reached nearly 5 million in the first five months, growing by 12.8% [2] Group 2: Technology and Industry Development - The number of technology contracts registered nationwide reached nearly 410,000, with a transaction value exceeding 3 trillion yuan, marking a year-on-year growth of 14.2% [2] - The production of industrial robots increased by 32% year-on-year in the first five months, while the added value of smart vehicle equipment manufacturing grew by 26.8% [4] - The core industries of the digital economy accounted for about 10% of GDP, with revenue from information transmission, software, and IT services growing by 11.4% [4] Group 3: Policy and Financial Support - The Chinese government is supporting 1,241 specialized "little giant" enterprises to enhance high-quality development [3] - A total of 1.7 trillion yuan in loans for technological innovation and technological transformation has been signed between banks and enterprises, which is 1.9 times that of the end of last year [7] - The establishment of a "technology board" in the bond market aims to promote the construction of a technology finance system [6]

Economic Growth and Contributions - During the "14th Five-Year Plan" period, China's economic increment is expected to exceed 35 trillion yuan, contributing approximately 30% to global economic growth annually [1][5][32] - The average economic growth rate over the first four years is projected to reach 5.5%, which is unprecedented given the large economic base [1][5] Manufacturing and Industry - The annual added value of the manufacturing industry has consistently surpassed 30 trillion yuan, maintaining China's position as the world's leading manufacturing nation for 15 consecutive years [5][32] - By 2024, the added value of new industries, new business formats, and new models is expected to exceed 24 trillion yuan [5] Regional Economic Development - The economic output of the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area is projected to account for over 40% of the national economy by 2024 [7] - The Northeast region's grain production is expected to represent 25.3% of the national total, while its crude oil production will account for 21% [8] Infrastructure and Logistics - The national comprehensive transportation network's main framework has achieved over 90% completion, with logistics costs expected to save over 400 billion yuan by 2024 [15] - The average hourly throughput of national ports is projected to reach 3.8 million standard containers, a 26% increase compared to 2020 [15] Foreign Investment and Market Access - From 2021 to May 2024, foreign direct investment in China totaled 4.7 trillion yuan, surpassing the total for the "13th Five-Year Plan" period [20] - The negative list for foreign investment access has been reduced from 151 items to 106, promoting a more open market environment [18][20] Energy and Environmental Goals - By 2024, China's energy consumption per unit of GDP is expected to decrease by 11.6% compared to the end of the "13th Five-Year Plan," making it the fastest country in terms of energy intensity reduction globally [23] - The number of new energy vehicles is projected to reach 31.4 million by 2024, representing a more than fivefold increase from 4.92 million at the end of the "13th Five-Year Plan" [24] Social Development and Employment - The annual increase in urban employment has remained stable at over 12 million, with educational attainment expected to reach or exceed the average level of middle and high-income countries by 2024 [28] - The proportion of nursing beds in elderly care facilities is anticipated to rise to 64.6% [28] Research and Development - By 2024, total R&D expenditure is expected to increase to 3.6 trillion yuan, maintaining China's position as the second-largest R&D investor globally [31] - The core industries of the digital economy are projected to grow by 73.8% compared to the end of the "13th Five-Year Plan" [31] Domestic Demand and Consumption - From 2021 to 2024, domestic demand contributed an average of 86.4% to economic growth, with final consumption contributing 56.2%, an increase of 8.6 percentage points compared to the "13th Five-Year Plan" [32]

Group 1: Economic Growth and Innovation - The added value of high-tech manufacturing in China increased by 9.5% year-on-year in the first half of the year, contributing 23.3% to the overall industrial growth [1] - R&D expenditure as a percentage of GDP in China has approached 2.7%, surpassing the EU average and nearing the OECD average [2] - The number of effective invention patent applications in China reached nearly 5 million in the first five months, growing by 12.8% [2] Group 2: Technological Advancements - Significant technological achievements include the launch of DeepSeek model, amphibious firefighting aircraft AG600 receiving certification, and advancements in quantum computing and nuclear fusion [2][3] - The number of national-level manufacturing innovation centers has reached 33, supporting the industrialization of technological achievements [2] Group 3: Industry Transformation - The structure of the economy is steadily adjusting, with high-tech manufacturing and high-tech service investments growing by 9.5% and 8.6% respectively [4] - The production of industrial robots increased by 32% year-on-year, and the added value of smart vehicle equipment manufacturing grew by 26.8% [4] Group 4: Green Development - The production of new energy vehicles, lithium-ion batteries for vehicles, and solar batteries increased by 36.2%, 53.3%, and 18.2% respectively in the first half of the year [4] Group 5: Financial Support for Innovation - The total amount of loans for technological innovation and technological transformation reached 1.7 trillion yuan, 1.9 times that of the end of last year [7] - A new "technology board" in the bond market has been established to promote the construction of a technology finance system [6][7]