Core Insights - The traditional manufacturing sectors in Shizuishan, Ningxia, including equipment manufacturing, calcium carbide chemical industry, carbon-based materials, and metallurgy, are undergoing transformation towards high-end, intelligent, green, and integrated development [1][3] - The local tax authority is enhancing tax services to support this transformation, aiming for simplified and efficient tax payment processes while leveraging tax data for industry analysis to inform local government decisions [1][3] Group 1: Tax Policy and Support - The tax department is focusing on providing tailored services to traditional manufacturing enterprises, addressing their specific tax-related needs to facilitate their transformation and enhance productivity [3] - Tax incentives and policies are being communicated effectively to companies, such as the case of Ningxia Jinghong Technology Co., which benefited from guidance on personal income tax policies related to partnerships and stock incentives for listed companies [2] Group 2: Industry Development and Innovation - Shizuishan is establishing a strategic emerging industry cultivation database with 22 companies, recognizing 148 national high-tech enterprises and 6 innovative benchmark enterprises, thereby strengthening the innovation capabilities of local businesses [2] - The local government is supporting the establishment and expansion of laboratories and pilot workshops for 14 companies, promoting collaborative innovation across the industry chain [2]

Core Insights - The book "New Coordinates of China's Economy: From Industrial Transformation to Global Win-Win" focuses on the new trends and global opportunities in China's high-quality economic development [1][3] - The book features contributions from influential figures, providing in-depth observations and analyses of China's economic development [1][3] - It emphasizes China's industrial upgrading as a new driving force for global economic growth and highlights the importance of China's open development model for international cooperation [1][3] Summary by Sections - **Book Overview** - "New Coordinates of China's Economy" was officially launched at the 2025 Riyadh International Book Fair on October 2, 2023, and has garnered significant attention from the international publishing community [1] - The book compiles various authoritative articles published by China Daily, featuring prominent authors such as the Executive Director of the World Economic Forum and the Vice Governor of the Hungarian National Bank [1] - **Reader Reception** - Attendees at the book fair praised the book for its detailed content and profound insights, stating it provides important references for understanding China's modernization path and its implications for global opportunities [3] - Readers expressed that the book enhances understanding of China's high-quality economic development during the 14th Five-Year Plan period and the transformation paths of various industries driven by technological advancements [3] - **Key Themes** - The book discusses China's commitment to a unique modernization path that emphasizes common prosperity and harmonious development between material and spiritual civilization [6] - It highlights China's leadership in renewable energy, particularly in wind and solar power, and its role in global climate governance through green technology cooperation [6] - A notable anecdote in the book illustrates the advancements in China's logistics, showcasing the economic vitality and development of the transportation sector [6] - **Cultural Exchange** - The 2025 Riyadh International Book Fair, held from October 2 to 11, celebrates the 35th anniversary of China-Saudi Arabia diplomatic relations and the first China-Saudi cultural year, featuring over a thousand quality books and high-level cultural exchange activities [7] - The event aims to promote the development of bilateral relations and introduce China's development philosophy and achievements to the international community [7]

Core Viewpoint - The optimization of existing policies will be a key focus in the near future, supporting economic growth through adjustments in the form, rhythm, and use of these policies [2][17]. Policy Outlook - The newly developed policy financial tools were launched at the end of September, raising market interest in whether additional incremental policies will be introduced, potentially triggering a shift in market style [4]. - Key observations from recent government meetings indicate that there is no immediate demand for aggressive policy adjustments, with a focus on long-term goals rather than short-term economic stimulation [4][7]. - The People's Daily published a series of articles emphasizing the importance of viewing the economic situation holistically, acknowledging the uneven pace of industrial transformation and the need to avoid overreacting to negative sentiments from specific sectors [5][6]. Economic Growth Targets - Achieving the annual GDP growth target of 5% in the fourth quarter is deemed feasible, reducing the necessity for new incremental policies [8]. - The current economic environment allows for a buffer, as the GDP growth rate in the first half of the year was 5.3%, meaning only a 4.6% growth rate is needed in the fourth quarter to meet the target [8][9]. Local Government Financial Pressure - Local government financial pressures have eased compared to last year, with a shift in focus towards debt resolution rather than aggressive infrastructure investment, which diminishes the demand for central government funding [9]. Consumer and Export Dynamics - Despite high base pressures on consumption and exports, internal economic resilience remains strong, suggesting that the need for new incremental policies is low [11]. - Recent data indicates that consumer spending during the National Day holiday showed a year-on-year increase, with service consumption driving growth [11]. - Export resilience is noted, with China's share in global exports increasing, despite challenges from high base effects in the previous year [13]. Policy Adjustments - Future policy focus will be on optimizing existing measures rather than introducing new ones, with changes in monetary policy expected to be more gradual [14][18]. - Fiscal policy will see adjustments in the timing of local government debt issuance and the acceleration of new policy financial tools to support project capital [19]. - Consumer support policies are shifting from product subsidies to service and livelihood support, reflecting a long-term strategy to boost domestic demand [20][21]. Reform Focus - Current policy emphasis is on deepening reforms, including the establishment of a unified market and market-oriented reforms for factors of production, which are expected to enhance overall economic growth potential [22].

Core Insights - The article discusses the transformation of small cities into popular tourist destinations through social media and flow economy, focusing on the "post-internet celebrity era" of urban development [1] Group 1: Tianshui's Success - Tianshui, a small city in Northwest China, gained popularity due to its spicy hotpot, with visitor numbers remaining high even after the initial surge [2][7] - The number of hotpot restaurants in Tianshui has increased fivefold to around 1,400 since its rise to fame [4] - Tianshui aims to elevate its hotpot to a recognized regional delicacy and has initiated trademark registration and industry association formation to support this goal [6] Group 2: Economic Impact - In 2024, Tianshui received 59.5 million tourists, generating a tourism revenue of 38.3 billion yuan, both showing over 23% growth [6] - The city has signed 253 investment projects with a total investment of 798.63 billion yuan, indicating a strong economic response to its newfound popularity [8] Group 3: Zibo's Strategy - Zibo, another city that gained fame for its barbecue, is working to diversify its tourism offerings beyond just food, aiming for a more sustainable tourism model [10][12] - The city has set a target to receive 65 million tourists and achieve over 64 billion yuan in tourism revenue by 2026 [12] - Zibo's industrial strategy includes developing a pre-packaged food industry and focusing on four key sectors: new materials, intelligent equipment, new pharmaceuticals, and electronic information [13] Group 4: Rongchang's Challenges - Rongchang, known for its "Lu Goose," experienced a significant influx of tourists but is now facing challenges in maintaining that interest [15][19] - The area saw a 743.6% increase in visitors during the May holiday, but numbers dropped significantly during the subsequent holiday period [17] - The local government has launched a development plan aiming for over 1 billion yuan in output value for the goose industry by 2026, indicating a strategic shift towards sustainable growth [19]

——产业转型升级不是"齐步走"。回应个别唱衰中国经济的声音，题为《科学客观看待我国当前经济发 展态势》的文章指出，总的看，中国经济形有分化、势在向好、未来可期。 官媒连发权威署名文章 传递中国经济政策信号 中新社北京10月8日电 中国官媒《人民日报》自9月30日起连续8天刊登署名"钟才文"的评论文章，传递 中国经济政策信号，回应外界关注议题。 ——中国经济长期发展具备"稳定锚"。"十四五"时期，中国国内生产总值连续突破100万亿元(人民币， 下同)大关后，先后跨越多个十万亿元关口，今年预计可达140万亿元。题为《深刻认识中国经济长期稳 定发展的内在逻辑》的文章指出，这么大的经济体量，能够保持长期稳定发展，其背后蕴藏着深刻的内 在逻辑。 文章举例说，中国共产党长期执政，能够避免西方多党制下的政策短视、朝令夕改等，为中国经济长期 发展提供重要"稳定锚"。中国注重完善宏观调控制度体系，加强逆周期调节，正确引导市场预期，提振 社会信心，既保证一定政策力度，又预留足够政策空间，及时熨平经济运行中可能出现的波动，保持经 济运行在合理区间。 ——中国发展绝非所谓"冲击"。谈及中国发展为世界提供了什么，题为《中国经济发展具有 ...

Economic Overview - The overall sentiment regarding China's economic situation is positive, with a belief in its resilience and potential for future growth [1] - Economic indicators such as growth, employment, prices, and international balance of payments are performing well, with GDP growth in the first half of the year significantly higher than most economies [1][3] - Exports have shown strong resilience, with an export growth rate of 6.9% in the first eight months, particularly in sectors like integrated circuits and new energy vehicles, which saw growth rates exceeding 20% [1] Innovation and Transformation - Innovation is highlighted as the primary driver of development, with significant advancements in key technologies and the emergence of notable tech products [2] - The transition from old to new economic drivers is accelerating, with high-tech manufacturing growth outpacing overall industrial growth [2] - The green and low-carbon transition is making progress, with a continued decrease in energy consumption per unit of GDP [2] Risk Management and Social Welfare - There are recognized risks in the current economic environment, including external uncertainties and domestic challenges such as weak consumer demand [3] - Despite these challenges, measures have been taken to safeguard livelihoods, with real disposable income growth for residents outpacing economic growth [3] - Social safety nets have been strengthened, with increases in pensions and healthcare subsidies, alongside efforts to ensure food and energy security [3] Sectoral Disparities - The process of industrial transformation is uneven, with some sectors and regions advancing more rapidly than others, leading to disparities in economic experiences [4] - Industries that effectively utilize technology, such as artificial intelligence, are seeing significant improvements in employee compensation compared to traditional sectors like real estate [4] - There is a call for policies to address these disparities and ensure broader access to economic benefits [4] Future Potential - China's economy still holds substantial potential in areas such as technology, labor, and capital, with a strong emphasis on research and development [5] - The complete and robust industrial system, along with significant consumer and investment potential, supports domestic circulation [5] - The leadership and institutional advantages of the socialist system are seen as critical for maintaining stable economic growth [5]

Core Insights - The Chaozhou sanitary ware industry is projected to exceed 58 billion yuan in output value in 2024, with exports reaching over 130 countries and regions, and smart production line coverage exceeding 65% [1][4] - The collaboration between Shenzhen and Chaozhou is transforming the traditional industry into a more innovative and efficient sector, providing replicable practices for Guangdong's "Hundred Million Project" [1][4] Group 1: Policy and Financial Support - Shenzhen's support includes the establishment of a 10 million yuan special fund for equipment upgrades and a 500 million yuan industrial fund to attract social capital, creating a virtuous cycle of "funding attraction - project implementation - industrial agglomeration" [2][3] - The Chaozhou government has developed action plans for enhancing the quality and efficiency of smart sanitary ware, focusing on standardization, quality supervision, and brand cultivation [2] Group 2: Technological and Market Development - The establishment of the "Shenzhen-Chaozhou Smart Sanitary Ware Industry Collaborative Development Alliance" integrates resources from over 70 industry associations, leading enterprises, and research institutions to create a supply chain that enhances brand influence and core competitiveness [2][4] - The introduction of advanced intelligent ceramic equipment and the promotion of industrial automation have led to over 120 enterprises completing the CCC certification for smart toilets, fostering an innovation cycle from research and development to application [3] Group 3: Operational Efficiency and Environment - The establishment of a "smart sanitary ware industrial park" aims to lower operational costs and enhance the business environment, facilitating a "plug-and-play" model for enterprises [3] - The collaboration model between Shenzhen and Chaozhou signifies a shift from mere financial support to fostering self-sustaining growth through resource optimization and regional cooperation [1][4]

Core Insights - Shenzhen is launching a significant initiative to modernize traditional industries, focusing on sectors like clothing, jewelry, and eyewear, aiming to build a modern industrial system [1][2] - The city has introduced 12 major policies to boost traditional industries, targeting a total scale of over 700 billion yuan within three years [2][4] Policy Initiatives - The policies aim to support enterprises throughout their lifecycle, enhancing their growth and strength [4][5] - Key measures include optimizing the industrial policy system, strengthening investment through diversified funds, and accelerating core technology advancements [4][5] - The initiative emphasizes embracing artificial intelligence to foster new momentum in traditional industries [4][12] Industry Strengths - Shenzhen's clothing industry leads the nation in brand quantity, market share, and number of listed companies [4] - The gold and jewelry sector has maintained the highest industrial output value in the country, with annual gold delivery accounting for approximately 70% of the Shanghai Gold Exchange [4] - The city produces about 50% of the world's mid-to-high-end eyewear [4] Strategic Importance - The focus on traditional industries is part of a broader strategy to adapt to global industrial chain competition, emphasizing the need for both emerging and traditional industries to thrive [11][19] - Shenzhen's traditional industries are described as "invisible pillars" of the economy, having evolved from basic manufacturing to high-end manufacturing clusters with global influence [11][19] Technological Integration - The integration of technology into traditional industries is seen as essential for achieving dual-driven growth [12][13] - Successful cases include collaborations between tech companies and traditional businesses to enhance service efficiency and product innovation [12] Financial Support - Shenzhen has established a digital transformation support plan for traditional industries, offering subsidies up to 5 million yuan for eligible projects [17] - The city is also implementing various policy tools to help enterprises access resources at lower costs [16][17]

Core Viewpoint - The transformation of abandoned coal mines into tourism sites in Tongchuan reflects the city's commitment to ecological restoration and high-quality economic development, showcasing a successful model of integrating ecological and economic benefits [1][2][3]. Group 1: Ecological Restoration and Economic Development - Tongchuan has focused on becoming a "demonstration city for industrial transformation and upgrading in the western region," emphasizing ecological priority and green development [1]. - The city has secured funding of 1.349 billion yuan for ecological restoration projects, targeting 36 historical abandoned mines to revitalize the local economy [3]. Group 2: Tourism Development - The Xishan Scenic Area, transformed from the abandoned coal mine, has become a model for tourism development, attracting visitors and enhancing local cultural appreciation [2]. - The scenic area incorporates historical mining techniques into its exhibits, providing an authentic experience for tourists while maintaining the site's original character [2]. Group 3: Agricultural Initiatives - In Yijun County, the introduction of a 40,000-acre honeysuckle planting project has provided significant income opportunities for local farmers, with earnings of 14 yuan per kilogram [4][5]. - The project has encouraged sustainable land use and increased awareness among villagers about the economic potential of previously neglected lands [5]. Group 4: Cultural and Sports Events - Recent sports events in Tongchuan, such as the National Rhythmic Gymnastics Championships, have stimulated local tourism and cultural engagement, showcasing local products and heritage [6]. - The introduction of an "all-in-one" ticketing system during events has enhanced visitor experiences, linking sports with local tourism and dining, thereby boosting the regional economy [6].

Core Insights - The article discusses the effectiveness of subsidy policies in stimulating tourism consumption during peak travel seasons, emphasizing the importance of precision in subsidy distribution [1][2]. Group 1: Subsidy Policies - Various popular tourist destinations have introduced subsidy policies to boost consumption during the summer and upcoming holiday seasons, maintaining high market activity [1]. - The effectiveness of these subsidies hinges on their precision, as traditional distribution methods often face issues such as concentrated timing, complex verification processes, and limited merchant participation [1]. Group 2: Innovative Approaches - Some regions have adopted innovative models combining "targeted subsidies for specific customer groups + AI verification + direct government subsidies to tourists," significantly enhancing subsidy effectiveness through precision and intelligence [1]. - The article suggests that tourism consumption subsidies should leverage quality products and services to truly stimulate consumer willingness and transform subsidy investments into active consumption [1]. Group 3: Long-term Sustainability - For the effects of subsidy policies to be sustainable, there must be a transition from short-term stimulation to long-term benefits, considering local fiscal capabilities and strategically planning funding allocation towards product innovation and service enhancement [2]. - The establishment of a long-term mechanism is essential to ensure that subsidies contribute to the high-quality and sustainable development of the tourism market, making them a powerful lever for industry improvement [2].