Group 1 - The core viewpoint emphasizes the importance of consumption in driving economic growth, with a notable increase in retail sales in Q1, reaching 12,467.1 billion yuan, a year-on-year growth of 4.6%, accelerating by 1.1 percentage points compared to the previous year [1] - The "old for new" policy has significantly stimulated consumer behavior, leading to a shift in purchasing decisions towards higher-quality products, with consumers upgrading from mid-range to high-end mobile phones and appliances [2][3] - The implementation of supportive policies, such as the increase in funding for the "old for new" program to 300 billion yuan, has effectively boosted consumer confidence and spending [2][4] Group 2 - The service sector has shown robust growth, with service retail sales increasing by 5.0% year-on-year, and leisure and entertainment sectors experiencing significant growth of 67.6% [6][8] - The tourism market is thriving, with a notable increase in travel demand, particularly during the Qingming Festival, and expectations of a 7.6% increase in daily passenger volume for civil aviation [5][6] - The integration of technology and innovation in traditional industries is driving consumption upgrades, with smart products and services gaining traction, reflecting a shift towards digital and intelligent consumption [9][10] Group 3 - The "old for new" policy has led to a surge in applications for vehicle upgrades, with over 1.5 million applications reported, indicating a strong consumer response to the incentives [4] - The overall employment situation remains stable, with an average urban unemployment rate of 5.3% in Q1, supporting consumer spending power [11] - The increase in disposable income, with a nominal growth of 5.5% year-on-year, aligns with economic growth, suggesting that consumers are feeling more financially secure [11]