The National Development and Reform Commission held a press conference at the end of August.

The next 1-2 years is a critical window period for the implementation of artificial intelligence, and multiple measures will be taken to support the development of artificial intelligence, and computing power coupons will be issued to reduce the R&D costs of innovative entities, while accelerating the introduction of policies in the fields of artificial intelligence and consumption.

The National Development and Reform Commission pointed out that fixed asset investment increased by 1.6% year-on-year, and in terms of private investment, it is necessary to pay close attention to the study and introduction of policies and measures to promote the development of private investment, and improve the long-term mechanism for private enterprises to participate in the construction of major national projects. In terms of large market construction, we will accelerate the control of disorderly competition in some fields, and study and formulate an action plan to promote the construction of a unified national market.

Artificial intelligence from "able" to "capable"

The National Development and Reform Commission has just released a clear signal: the next 1 to 2 years is a critical window period for artificial intelligence from "talkative" to "capable".

Not "possible", not "outlook", but "must break through". In the words of Huo Fupeng, director of the Innovation-Driven Development Center of the National Development and Reform Commission, by 2027, AI will be "deeply integrated" in six key areas, the penetration rate of intelligent terminals and AI agents will exceed 70%, and the scale of the core industries of the intelligent economy will "jump rapidly". This is not only a scientific and technological proposition, but also a race for economic structural upgrading.

Why is it so urgent for the "next 1-2 years"?

Because the technology is "ready", it is almost the "last mile" to land. Large model capabilities have been broken through: GPT, Claude, Gemini, Tongyi Qianwen, etc. have strong reasoning and generation capabilities; Computing power costs are declining: domestic chips, cloud computing, and edge devices make AI deployment cheaper; Unprecedented policy thrust: From the central to the local government, AI has been listed as the core starting point of "new quality productivity".

Now the comparison is not "whether there is a model or not", but who can embed AI into the business process the fastest? Who can train the industry's exclusive "agent" the fastest? Who can make users "inseparable" from AI the fastest?

| The next step for AI is not "smarter", but "more ubiquitous"

The National Development and Reform Commission pointed out that artificial intelligence will also accelerate the integration and product innovation with cutting-edge technologies such as the metaverse, low-altitude flight, additive manufacturing, and brain-computer interfaces, promote the continuous emergence of new products and new forms, and continue to release new consumption potential.

Huo Fupeng, director of the Innovation-Driven Development Center of the National Development and Reform Commission, made it clear at the press conference: "Artificial intelligence +" is not only to improve efficiency, but also to promote consumption from "whether it is available" to "whether it is good or not". To put it simply, in the past, we were concerned about "whether we can buy it", but in the future, we will care more about "whether it is fun, whether it is cool, and whether it is worth it".

Why is "integration and innovation" emphasized now?

Because the dividends of a single technology are peaking, but the space for combined innovation has just opened. AI is good at "decision-making" and "generation", the metaverse provides "scenes", the low-altitude economy expands "space", 3D printing realizes "manufacturing", and brain-computer interfaces open up "direct connection between man and machine".

When they are "connected" by AI, a chemical reaction of 1+1>5 will be produced. For example: in the future, you will wear a VR headset at home, and AI will generate a virtual gym; Mind Launch AI Personal Training, which tailors training plans based on your body data; Injured in training? AI dispatch drones send customized protective gear, which is produced instantly by 3D printing.

This is not the future, but a new picture of "artificial intelligence +" consumption.

Improve the long-term mechanism for private enterprises to participate in major national projects

Li Chao said that at present, our country's economic operation is still facing risks and challenges such as unstable external environment, many uncertain factors, residents' consumption capacity and confidence need to be further improved, intensified competition between enterprises, and declining investment returns.

For the problems existing in the current economic operation, the National Development and Reform Commission will unswervingly implement the strategy of expanding domestic demand with relevant departments, further strengthen the internal circulation, optimize the external circulation, and do a good job in the dual circulation.

The two major starting points of policy: the government takes the lead + private enterprises keep up

1. Government investment: focus on the "three essentials" projects. Development needs: new infrastructure, energy security, scientific and technological research; What the local government can do: adapt to local conditions and do not engage in "spreading the pie"; What the masses expect: pension, childcare, urban village transformation, and upgrading of old communities.

In particular, the central government should increase investment support for people's livelihood projects - reduce local financial pressure and avoid "the poorer you are, the poorer you are".

2. Private investment: not only "encouragement", but also "mechanism". In the past, it was often said that "private enterprises are welcome to participate", but the result is often that it is lively during bidding and sideways when landing; Large projects are "national prefixes", and private enterprises can only do subcontracting. Now it's different - to establish a "long-term mechanism", it means: there is institutional guarantee, not "mood" openness; there is fair access, not "fighting for relationships"; There is a reasonable return, not a "public welfare" discount.

In the future, a permanent chair must be left for private enterprises on the table of major national projects.

Promote the construction of a unified national market in depth

Li Chao said that in the second half of the year, the National Development and Reform Commission will pay close attention to key tasks in key areas, accelerate the construction of a unified national market, and study and formulate an action plan to promote the construction of a unified national market in depth.

The goal is clear: to return competition to "fighting for quality", not "fighting for who dies first".

Why should we vigorously promote the "national unified market" now? Because "fragmented competition" is dragging down the quality of the economy:

Local "investment involution": you give a 50% discount on the land price, and I simply exempt the rent for three years - as a result, the finances are in deficit, and the enterprise "lives subsidized by subsidy", how can there be any mind to innovate.

The resurgence of platform "price wars": some e-commerce and community group buying have begun to "buy groceries for 1 cent" and "9.9 free shipping", which benefits the people on the surface, but in fact squeezes the living space of small and medium-sized merchants, and ultimately hurts the supply chain.

The market is seriously fragmented: a product can be sold in province A, but it is set up in province B; There are still obstacles to the cross-regional flow of data, talent, and funds. In the long run, bad money drives out good money, and companies that really want to be brands and fight for technology cannot survive.

Jingtai Observation: This policy combination punch releases three major signals

1. The era of "subsidies for markets" is ending. The model of burning money to grab share will be curbed, and enterprises must return to product strength, service strength, and operational efficiency.

2. Local protectionism will be broken. In the future, enterprises no longer need to "live by policy", but rely on real competitiveness to win the national market.

3. Compliance operation has become a moat. Those enterprises that have standardized their operations for a long time and pay attention to brand value will usher in the opportunity of "valuation repair".