Core Insights - China's consumption growth is significantly lagging behind its large population and economic growth, raising questions about the underlying reasons for this consumption shortfall [1][2][4] Group 1: Current State of Consumption in China - The definition and measurement of consumption shortfall are established, with China's resident consumption rate at 37.2% in 2022, significantly lower than the global average of 53.8% [2][3] - The final consumption rate for China in 2023 is reported at 55.64%, which is still below the approximately 80% seen in developed countries [3] - A notable slowdown in consumption growth is observed, with a projected 3.5% increase in retail sales for 2024, contrasting sharply with historical growth rates that often exceeded 8% [2][4] Group 2: Multi-Dimensional Analysis of Consumption Shortfall - Low consumption propensity is identified as a core issue, with China's consumption propensity at 62% in 2022, compared to an average of 92.3% across 38 countries [6][8] - High housing prices contribute to consumer debt, with urban residents' real estate debt reaching 137.9% of household income, limiting their consumption capacity [9] - Income inequality is highlighted, with the top income group accounting for 46% of total income, leading to lower overall consumption rates [10] - An inadequate social security system is noted as a fundamental cause of low consumption, with high contribution rates and limited coverage increasing financial burdens on households [11] - Traditional consumption culture emphasizes saving over spending, which continues to influence consumer behavior [12] Group 3: Consumption Differences Across Demographics and Regions - Significant consumption behavior differences exist among income groups, with middle-income households contributing nearly 50% of total consumption [13] - Generational differences in consumption attitudes are emerging, particularly among the Z generation, who exhibit distinct purchasing behaviors [17][18] - Regional consumption disparities are noted, with consumption in central regions expanding while eastern and western regions show a trend towards balance [19] Group 4: International Comparisons and Lessons - China's service consumption accounts for approximately 46% of total spending, lower than that of the US (68.5%) and Japan (57.7%), indicating room for structural improvement [20][21] - Successful international experiences in enhancing consumption rates suggest that comprehensive policies are needed to boost service consumption and overall consumer confidence [22] Group 5: Future Consumption Trends - Predictions indicate that by 2030, service consumption levels in China could exceed 20,000 yuan, positioning it as a key growth driver [25][27] - The expansion of the middle-income group, projected to surpass 50% of the population by 2030, is expected to significantly enhance consumption potential [27]

Core Viewpoint - The forum aims to establish a high-end dialogue platform in the credit field with international influence, promoting an open, inclusive, and innovative credit ecosystem to support the high-quality development of the digital economy in Beijing [2][4]. Group 1: Forum Objectives and Themes - The forum focuses on the integration of credit and digital economy, emphasizing the importance of social credit as a foundational element for high-quality digital economic development [4][6]. - It aims to enhance the application of credit information and improve service efficiency through innovative technologies in response to new scenarios and demands in the digital economy [4][6]. Group 2: Achievements and Future Directions - Beijing has made significant progress in building its social credit system, improving infrastructure, and enhancing the digitalization of credit services, which has positively impacted social governance and economic development [6]. - Future efforts will focus on leveraging new opportunities from the digital economy, activating credit data elements, and fostering a good ecosystem for credit services to support high-quality economic and social development [6]. Group 3: Expert Discussions and Innovations - Experts discussed various themes such as "Credit + Digital Economy," "Credit + AI," and "Credit Standardization + Digital Economy," sharing insights on the development of personal credit in China and the impact of AI on credit rating transformations [7]. - The forum provided a platform for dialogue on the paths and methods for credit to empower new productive forces and the challenges posed by the digital economy to the credit service industry [7]. Group 4: Announcements and Publications - The forum announced the launch of the "Zhongguancun Sci-Tech Financial Service Center E-Platform," aimed at upgrading Beijing's technology financial services [9]. - The Beijing Credit Association released the "Blue Book on the Development of Beijing's Credit Service Industry (2025)," detailing the current state of the industry [9].

Group 1 - The article discusses the changing preferences of young people in China regarding city selection, moving away from traditional metropolises like Beijing, Shanghai, and Guangzhou due to high living costs and intense competition [2][3][11] - There is a growing trend of young individuals considering smaller cities as viable options for living and working, with some cities transforming from mere transit points to places where they can restart their lives [2][4][11] - The concept of "suitable cities for youth" is subjective and can vary based on individual needs, such as job opportunities, lifestyle preferences, and economic stability [4][5][11] Group 2 - The article highlights the importance of economic structures in cities, distinguishing between financially independent cities and those reliant on government support, which affects their attractiveness to young people [5][11][12] - It emphasizes that cities with a strong service industry and diverse economic opportunities are more appealing to the youth, as they provide both job security and leisure activities [11][14][25] - The discussion includes examples of cities like Lanzhou and Guiyang, which have unique cultural and economic characteristics that make them attractive to young migrants [13][14][15] Group 3 - The article notes that the trend of youth migration is influenced by government policies and economic conditions, with a shift towards more natural population movements as government cash flow tightens [9][10][11] - It also points out that cities with a high degree of bureaucratic control and limited economic diversity may not be as appealing to young people seeking autonomy and opportunities [11][12][25] - The narrative suggests that the ability of a city to adapt and provide a supportive environment for entrepreneurship and personal growth is crucial for attracting young talent [24][26][27]

加强理论武装，坚守共产党人精神追求。党性上的坚定离不开理论上的坚定。习近平新时代中国特 色社会主义思想，不仅包含着党治国理政的重要思想，也贯穿着中国共产党人的政治品格、价值追求、 精神境界、作风操守的要求，是涵养党性的源头活水。要坚持不懈用习近平新时代中国特色社会主义思 想凝心铸魂，解决好"总开关"问题，筑牢信仰之基、补足精神之钙、把稳思想之舵，始终保持共产党人 的政治本色。要坚持学思用贯通、知信行统一，在真学真懂真信真用、深化内化转化上持续用力，深刻 领悟"两个确立"的决定性意义，增强"四个意识"、坚定"四个自信"、做到"两个维护"，把理论学习成果 转化为坚定理想、锤炼党性和指导实践、推动工作的强大力量。 积极投身中国式现代化建设实践，在干事创业中磨砺奋斗人生，在为民造福中升华道德境界。党性 强不强，既要看思想，更要见行动。能否敢于负责、勇于担当，最能看出一个干部的党性和作风。要保 持干事创业的精气神，勇于开拓、锐意进取，攻坚克难、拼搏奋进，练就担当的宽肩膀、成事的真本 领。树牢造福人民的政绩观，多谋民生之利、多解民生之忧，真正把好事实事做到群众心坎上。弘扬真 抓实干的好作风，察实情、出实招、求实效，不慕虚 ...

据了解，自2016年起，贵州高院将安顺作为试点，探索构建重大行政争议沟通协商机制，并于2018 年在全省范围内推广，基本形成"党委领导、政府支持、法院主持、社会协同"的行政争议协商格局，取 得了明显成效。 2023年以来，贵州法院根据形势发展，探索建立行政争议协调化解中心，将行政争议协调化解由前 端预防减量，向中端实质化解、末端治理升级，旨在构建预防为主、多元协调、齐抓共管、全流程施治 的行政争议实质化解机制。目前，贵州法院推动在全省设立99家行政争议协调化解中心，实现9个市 （州）、88个县（市、区）全覆盖，整合司法、行政、调解组织三方力量，打造"前端预防、中端化 解、末端释明"全链条解纷体系。 本报讯 近日，贵州省高级人民法院召开新闻发布会，对外发布《2024年度贵州法院行政案件司法 审查报告》。数据显示，2024年贵州省行政争议协调化解中心高效运行，成功化解行政争议2872件，化 解率达41.17%；在贵州法院一审行政诉讼、行政赔偿诉讼结案的7223件案件中，调解结案273件，准予 撤诉2415件，案件调撤率达40.99%，行政争议实质化解成效显著。 此外，根据最高人民法院印发《关于人民法院参与社会治安 ...

据路透社7月4日报道，亚洲中西部七国领导人峰会4日达成共识，将推动贸易自由化、吸引更多外国投资 和建立绿色能源合作，以加强区域经济一体化。 埃尔多安表示，他希望汉肯德未来能成为"南高加索地区的和平与发展中心"。 来源：参考消息 责编：刘珺宇 校对：彭其华 百万用户都在看 突发警告！刚刚，美国传出大动作 刚刚！特朗普，签了！ 重大进展！特朗普，传来大消息！ 突发！超10万人爆仓！一则利空，突然引爆！ 午后，突发！直线飙升，发生了什么？ 集体大涨！特朗普，新计划曝光！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com （中西亚地区）经济合作组织（ECO）宣布，此次会议还同意改善交通互联互通和开展战争地区重建工 作，这是2035年长期发展战略的一部分。 此次峰会的与会者包括土耳其总统埃尔多安、阿塞拜疆总统阿利耶夫、乌兹别克斯坦总统米尔济约耶夫、 伊朗总统佩泽希齐扬、吉尔吉斯斯坦总统扎帕罗夫、塔吉克斯坦总统拉赫蒙以及巴基斯坦总理夏巴兹。 新路线图基于此前强调区域一体化、贸易和交通运输的战略。阿塞拜疆总统外交政策顾问哈吉耶夫向路透 社表示，新路线图将范围扩展至绿色能源合作、数字化和社会 ...

Core Viewpoint - The leaders of seven countries in Central and Western Asia have reached a consensus to promote trade liberalization, attract foreign investment, and establish green energy cooperation to enhance regional economic integration [1] Group 1: Economic Cooperation and Integration - The Economic Cooperation Organization (ECO) announced plans to improve transportation connectivity and undertake reconstruction efforts in war-torn areas as part of a long-term development strategy aimed for 2035 [1] - The new roadmap expands on previous strategies emphasizing regional integration, trade, and transportation, now including green energy cooperation, digitalization, and social inclusivity [1] Group 2: Political Context - The summit was attended by leaders from Turkey, Azerbaijan, Uzbekistan, Iran, Kyrgyzstan, Tajikistan, and Pakistan, indicating a collaborative effort among these nations [1] - Despite both Armenia and Azerbaijan supporting a peace treaty, tensions between the two countries remain high [2] Group 3: Future Aspirations - Turkish President Erdogan expressed hopes for Hankend to become a "center of peace and development in the South Caucasus" in the future [3]

以下文章来源于国民经略 ，作者凯风 国民经略 . 在这里，读懂中国经济、城市和楼市 生不生？ 文 ｜ 凯风 来源｜ 国民经略 （ID：guominjinglve） 封面来源 ｜ unsplash 生还是不生，这是个问题。 人口危机最严峻的国家，出手了。 日本政府计划于2026年4月起实施"儿童与育儿支援金"制度，向所有人征收每年2400日元-12000日元（约120元-600元）税费，用于补贴育儿家庭。 | 年收入 | 2026年度 | 2027年度 | 2028年度 | | --- | --- | --- | --- | | 200萬日圓 | 2,400日圓 | 3,000日圓 | 4,200日圓 | | 400萬日圓 | 4,800日圓 | 6,600日圓 | 7,800日圓 | | 600萬日圓 | 7,200日圓 | 9,600日圆 | 12,000日圓 | | 800萬日圓 | 9.600日圆 | 12,600日圓 | 16,200日圓 | | 1,000萬日圓 | 12,000日圓 | 16,200日圓 | 19,800日圓 | 这一政策 在日本民间被戏称为"单身税" ，日本官方对此极力否认，表示 ...

Core Viewpoint - The economic outlook for June and the second quarter suggests a low but stable growth trajectory, with GDP growth expected around 5.3% in Q2, supported by new domestic policies and resilient exports [2][4]. Group 1: GDP and Economic Growth - Q2 GDP growth is projected at approximately 5.3%, with industrial production growth expected at 5.9% due to equipment upgrades and resilient exports [4][11]. - Retail sector growth is anticipated to rebound, with wholesale and retail expected to grow by 6.8% in Q2, up from 5.8% in Q1 [4][11]. - High growth is expected in the information and leasing service sectors [4]. Group 2: Production Sector - June industrial production growth is expected to be around 6.0%, with a PMI production index increase to 51% [5][15]. - Truck traffic on highways shows a growth of 2.0% in June, improving from previous months [5][15]. - The automotive wholesale growth rate is projected at 14.1%, indicating strong performance in the automotive manufacturing sector [5][15]. Group 3: Demand Side - Retail sales growth is expected to temporarily decline to around 4.6% in June, influenced by holiday timing and promotional activities [6][20]. - Fixed asset investment growth is projected to decrease to approximately 3.4% for the first half of the year, with manufacturing investment at 8.1% and real estate investment at -11.2% [6][19]. - June export growth is expected to be around 3.5%, while imports are projected to grow by 1% [7][17]. Group 4: Financial Sector - New social financing in June is expected to reach 3.8 trillion, an increase of 600 billion compared to the previous year, with a projected growth rate of 8.8% for social financing stock [8][21]. - M2 money supply is expected to grow by approximately 7.9% year-on-year, while M1 is projected to grow by 2.9% [8][21]. - Government and corporate bond issuance is expected to total around 1.8 trillion in June, with significant net financing increases compared to the previous year [8][21].

作者：MD 出品：明亮公司 近日，知名投资播客 Invest Like the Best 主播 Patrick O'Shaughnessy 与塑形内衣及居家服品牌 Sk ims 的联合创始人、 CEO Jens Grede 进行了一场深度对话。 Skims另一位联合创始人是美国流量明 星金·卡戴珊，加上 Jens Grede的妻子 Emma，三人 在2019年创立了这一品牌。 据多家媒体信息显示， Skims在最近一轮的融资中估值已达40亿美元，此前参与投资的机构包括 Greenoaks Capital 、 Thrive Capital 、 Lone Pine Capita l等多家知名机构。而 Jens Grede 也在过 去一段时间内频繁在媒体露面，并表示考虑公司未来将 IPO。不过，在此次播客的访谈中， Jens Grede 并没有谈及更多关于上市的细节，只是强调 "公司要对股东的回报负责，认同上市路线"。 在产品层面， Jens Grede 认为， 关于内衣大多数人没意识到的一点 是，"内衣 和运动鞋的共性远大 于 T恤"。它们都讲究"性能"，结构和版型极其复杂，必须完成特定功能，尤其是女性内衣更甚于 ...