Core Insights - The 2025 International Consumption Conference, held on September 10, focuses on new consumption scenarios, business models, and high-quality development in the commercial service industry [1] Group 1: Consumption Trends and Global Cooperation - Consumption is one of the three driving forces of economic growth, and releasing consumption potential is a common task for countries [2] - Emphasis on the need for international cooperation to enhance service trade and consumption, integrating demand-side and supply-side reforms [2] - Three key areas to release consumption potential: exploring emerging consumption, aligning with international rules, and strengthening infrastructure [2] Group 2: Evolving Consumption Concepts - The concept and methods of consumption are undergoing profound changes, moving towards diversification and globalization [3] - The importance of cross-border logistics, international payment mechanisms, and global digital technology sharing is highlighted [3] - The establishment of an international service alliance to promote industry transformation and resource integration [3] Group 3: China's Role in Global Consumption - China, as the second-largest consumer market, plays a crucial role in shaping global consumption and trade patterns [4] - The importance of consumption as a bridge connecting different countries and enhancing mutual understanding is emphasized [4] - Peru aims to expand its influence in the Chinese market by providing high-quality, sustainable products [4] Group 4: Cross-Industry Integration - Consumption is the primary driving force of China's economic growth, with "integration" being a core theme for consumption upgrades [5] - The role of economic media as a bridge between markets, government, and consumers is highlighted [5] - The establishment of a Beijing cultural and commercial tourism integration development alliance to promote cross-industry collaboration [7] Group 5: Urban Development and Consumer Empowerment - The construction of a "15-minute convenient living circle" is crucial for boosting consumption and ensuring livelihoods [8] - Significant progress in the establishment of convenient living circles, with 5,188 circles created serving 118 million residents [8] - The future of cross-border payment markets is expected to evolve towards modern, open, and efficient systems [8] Group 6: International Brand Development - Discussions on promoting international brand layout and activating consumption potential through multi-industry integration [9] - The conference provided valuable insights for international consumption collaboration and highlighted the potential for win-win cooperation in the global consumption field [9]

Core Viewpoint - The rise of "fusion consumption" in China is becoming a new driving force for global economic growth amidst complex international trade dynamics and insufficient economic momentum [1] Group 1: Economic Impact - Consumption is increasingly recognized as a vital driver of economic growth, with China enhancing the quality and appeal of its consumer products and services on the international stage [1] - The 2025 International Consumption Conference highlighted China's role as the second-largest consumer market, emphasizing its importance in linking international resources and shaping consumption patterns [1][2] Group 2: Global Cooperation - The current geopolitical climate and unfair trade practices have increased uncertainty in the global economy, prompting a shift towards diversified and globalized consumption models [2] - "Collaborative synergy" is seen as a necessary choice for international consumer cooperation, with "fusion consumption" identified as the future direction of global service trade [2] Group 3: Trends in Consumption - The concept of "fusion" is becoming central to consumption upgrades, with new scenarios and business models emerging from the intersection of various sectors such as culture, tourism, and finance [4] - The Chinese government is actively promoting consumption-driven growth through initiatives like appliance and automobile replacement programs, while also exploring new markets in telecommunications, healthcare, and education [4][6] Group 4: Foreign Investment Opportunities - China's evolving consumption market not only supports domestic economic growth but also presents increased collaboration and investment opportunities for foreign enterprises [4] - In 2024, there were 59,080 newly established foreign-invested enterprises in China, marking a 9.9% year-on-year increase, indicating a growing diversification in foreign investment [6]

Group 1 - The 2025 China International Service Trade Fair opened in Beijing with the theme "Digital Intelligence Leading, Service Trade Renewed" [1] - The 2025 International Consumer Conference, focusing on new consumption scenarios, business models, and trends, was held simultaneously [1][3] - Experts emphasized the importance of consumption as a key driver for economic growth and the need for international collaboration in the evolving global consumption landscape [3][5] Group 2 - The concept of "fusion" is highlighted as a core keyword for consumption upgrades, with cross-industry integration breaking traditional boundaries [5] - The establishment of the Beijing Cultural, Business, Tourism, and Sports Integration Development Alliance was announced, along with a platform for cross-industry cooperation [5] - A strategic cooperation agreement was signed between the Bank of China Beijing Branch and the Beijing Commercial Association to boost consumption through financial and commercial resource integration [5]

Core Viewpoint - The article discusses the transformation of domestic consumption in China, emphasizing the concept of "fusion consumption" as a response to changing consumer demographics and demands, which is reshaping market dynamics and creating new growth opportunities [1][4]. Group 1: Fusion Consumption - Fusion consumption extends beyond online and offline channels, integrating products and services, and different consumer segments and brands, leading to the emergence of new consumption scenarios and groups [1]. - Traditional demographic classifications based on age and income are becoming inadequate, as new consumer groups defined by interests, values, and lifestyles are reshaping the market landscape [1][2]. - The integration of diverse cultural elements, such as the collaboration with the ACG (Anime, Comic, and Games) culture, is providing brands with fresh engagement opportunities and attracting new consumer segments [2]. Group 2: Case Studies - Shanghai Bailian's transformation into "ZX Creative Space" has successfully attracted over 20 million visitors in two years, with a peak daily footfall of 90,000 during the May Day holiday, showcasing the effectiveness of the fusion consumption model [1][2]. - The revival of Beijing's Friendship Store, which has been rebranded to blend historical and modern elements, demonstrates the potential of cultural integration in retail to drive foot traffic and consumer interest [3]. - Wangfujing Group plans to transform another flagship store into a high-end experiential "culture + retail" complex, indicating a broader trend of innovation in the retail sector [3]. Group 3: Market Trends - The domestic ACG economy has surpassed 500 million users in 2023, with a projected compound annual growth rate of 17% over the next five years, highlighting the significant market potential for fusion consumption targeting younger demographics [2]. - The shift in consumer focus from merely purchasing products to seeking emotional value and social identity reflects a broader trend in consumer behavior, necessitating a more experience-driven retail approach [2]. - The aging population presents new opportunities in fusion consumption, with projections indicating that by 2050, 16% of the global population will be aged 65 and above, emphasizing the need for innovative products and services tailored to this demographic [3].

Group 1 - The core theme of the 2025 International Consumption Conference is "Collaborative Power and Integrated Consumption," highlighting the transformation of consumption concepts and methods towards diversification and globalization [1][4] - In the first seven months of this year, China's service retail sales increased by 5.2% year-on-year, indicating a shift towards a balanced stage of goods and service consumption [1] - The establishment of the "Beijing Cultural, Business, Tourism, and Sports Integration Development Alliance" aims to promote cross-industry information sharing and resource optimization [2][5] Group 2 - Global service trade is becoming a key driver for economic growth, with the need for international collaboration to release consumption potential [3][6] - The global middle class is expected to reach 5 billion by 2030, with Asia accounting for over 60%, providing a significant demand base for international consumption [6][7] - The media plays a crucial role in empowering consumption integration development by acting as a bridge between the market, government, and consumers [8]

Core Viewpoint - The government of Heze City is actively implementing measures to boost consumption, resulting in a significant increase in retail sales and economic growth [2][6]. Group 1: Consumption Growth - In the first half of the year, Heze's total retail sales of consumer goods reached 125.49 billion, with a year-on-year growth of 7.6%, ranking first in the province [2]. - Urban retail sales amounted to 102.89 billion, growing by 7.7%, while rural retail sales reached 22.6 billion, with a growth of 7.6%, indicating a balanced growth between urban and rural areas [3]. Group 2: Policy and Structural Support - The city has established a "1+N" policy framework to enhance consumption, implementing ten major actions to create a clear and responsible work mechanism [3]. - A special fund of 3 million was set up to support consumption activities, leading to a sales boost of 11.86 million from a lottery event [3]. Group 3: New Consumption Trends - The city is focusing on integrating commerce with culture, tourism, and sports, hosting over 400 events in the first half of the year, which stimulated related sectors like accommodation and dining [5]. - New types of consumption are on the rise, with a focus on e-commerce and unique local offerings, contributing significantly to overall consumption growth [5]. Group 4: Consumer Confidence and Market Potential - The consumption market in Heze shows strong resilience and potential, with retail sales growth rates leading the province and emerging trends in senior and domestic consumption [6]. - The collaborative efforts of policies, departmental coordination, and active market participation have laid a solid foundation for sustained consumption growth throughout the year [6].

Group 1 - The event "Waves of Ningxia: Drink a Summer" food and wine exhibition market aims to showcase Ningxia's unique food and wine culture, stimulate new potential in service consumption, and inject strong momentum into the region's consumption expansion and quality improvement [1] - The opening ceremony featured a video interpretation of national and regional policies promoting high-quality development in the catering and service consumption sectors, providing guidance for industry development [4] - The event includes a "Wine Consumption Benefit Month" starting June 9, offering various consumption coupons to lower spending thresholds and enhance tasting experiences, making high-quality Ningxia wines more accessible to the public [4] Group 2 - The exhibition market features nearly 100 catering, winery, and cultural creative exhibitors showcasing over a hundred specialty products, with areas for tasting, drinking, games, and performances, providing a multi-sensory experience for consumers [11] - The event focuses on integrating key areas of service consumption, including food experiences, tourism, leisure, culture, sports, health consumption, and wine industry development, promoting a collaborative consumption model [15] - The Ningxia Business Department plans to leverage this event to further explore and integrate local resources, optimize the consumption environment, and enhance service quality, aiming to stimulate market vitality and social creativity [15]