Core Viewpoint - The high-end snack market, particularly for nuts and seeds, is experiencing significant price increases, with some products reaching luxury price points, driven by consumer demand and market dynamics [1] Group 1: Market Trends - The price of basic snacks like sunflower seeds and peanuts has reached 23.8 yuan per jin, while premium nuts such as pistachios and freshly roasted cashews are nearing 100 yuan per jin, with hand-peeled pine nuts priced at an astonishing 218 yuan per jin [1] - The average price of pork is around 10 yuan per jin, highlighting the stark contrast in pricing between traditional food items and high-end snacks [1] Group 2: Factors Influencing Prices - Consumer upgrades and the entry of high-end snack brands into shopping malls have led to increased costs, which are being passed on to consumers through higher prices [1] - Upgrades in raw materials and production processes are also contributing to the price hikes, with brands like Xueji controlling the quantity of seeds to ensure quality [1] Group 3: Market Potential - According to iMedia Consulting, over 80% of consumers spend between 20 to 100 yuan monthly on nuts and snacks, with a significant portion purchasing these products at least once a month [1] - The market size for China's nut and snack industry surpassed 300 billion yuan in 2024 and is projected to grow to 428.3 billion yuan by 2029, indicating a market increment of over 100 billion yuan in five years [1]

记者丨陆秀 编辑丨江佩霞 "炒货已经比炒股还可怕了""这是薛记珠宝店，还是炒货店？"2026年春节临近，社交媒体上不少网友吐槽高端炒货。 1月28日，21世纪经济报道记者走访薛记炒货发现，瓜子、花生等基础现制炒货卖到23.8元/斤， 开心果、现烤腰果、开口松子等坚果类现 制炒货均接近100元/斤，手剥松子价格更是高达218元/斤。而截至目前，猪肉每斤均价在10元左 右 。 薛记炒货原味现制瓜子卖到2 3 . 8元/斤 一斤瓜子贵过猪肉、高端坚果斤价突破200元，从街边小摊到商场轻奢店，炒货凭什么卖这么贵？ 高端坚果逼近2 0 0元/斤 薛记炒货成"炒货刺客" 消费者对炒货的认知屡屡被刷新：坚果、果干、蜜饯等产品单价从几十元到几百元一斤并不罕见，网红款定价更是居高不下。 在社交媒体上， 薛记炒货因其定价被网友戏称为"薛记珠宝店""炒货界的爱马仕""炒货刺客"等 。截至1月28日，仅小红书平台，"薛记珠 宝"单个话题阅读量就突破3000万。 网友晒出结账单 21世纪经济报道记者实地走访发现，薛记炒货售价的确不菲， 多款蔬果类炒货价格突破100元/斤，多款去壳坚果炒货价格更是逼近200元/ 斤 。社交媒体平台上，有 ...

Core Insights - The new "National Subsidy" policy for home appliances has significantly boosted the market, with major appliances seeing a nearly 30% year-on-year increase in consumption and a nearly 90% month-on-month surge [1][4] - The policy has led to a structural shift in consumer preferences towards high-end products, such as 100-inch televisions and energy-efficient refrigerators, indicating a trend of consumption upgrading [1][6] Group 1: Market Trends - The implementation of the new subsidy policy has resulted in a clear structural change in the home appliance market, with a focus on larger and higher-quality products [5][6] - High-end products, including smart and energy-efficient appliances, are driving innovation and sales, reflecting a shift in consumer demand towards quality and experience [6][7] - The market is experiencing a polarization effect, where leading brands with core technologies and comprehensive high-end product lines are gaining market share, while low-cost competitors may struggle [7][9] Group 2: Delivery and Service Challenges - The rise of 100-inch televisions has highlighted significant delivery and installation challenges, as only about 5% of elevators can accommodate these large products without removing packaging [9][10] - To address these challenges, logistics companies have developed integrated delivery and installation services, improving the success rate of home delivery for large appliances to over 95% [10][13] - The integration of delivery, installation, and old appliance recycling services is becoming a key competitive advantage for brands and platforms, enhancing customer satisfaction [13][14] Group 3: Future Outlook - The home appliance market is expected to see the emergence of new product categories that cater to specific consumer needs, driven by ongoing consumption upgrades and technological innovations [14] - The focus is shifting from merely selling products to providing comprehensive service experiences, which will shape the future landscape of the home appliance industry [14]

Core Viewpoint - The consumption market in Hebei is experiencing a significant boost as the New Year approaches, driven by new national subsidy policies and enhanced supply to meet diverse consumer needs [1][2]. Group 1: Consumer Behavior - Consumers in Xiong'an New Area are benefiting from local access to traditional products, reducing the need to travel to Beijing or Tianjin for New Year shopping [1]. - The introduction of various new brands and discount offers, along with the use of consumer vouchers, has made shopping more attractive for consumers [2]. Group 2: Market Dynamics - The Xiong'an New Area is launching a series of promotional activities, including the "New Spring Carnival," to stimulate consumption and enhance the shopping experience [2]. - The implementation of a new round of subsidies for consumer goods, covering categories like automobiles and home appliances, is expected to drive sales and increase foot traffic in stores [3]. Group 3: Seasonal Trends - The demand for festive flowers has surged, with specific varieties like butterfly orchids and longevity flowers becoming popular among consumers [3]. - Local markets are bustling with activity, showcasing a variety of traditional products and festive foods, contributing to a vibrant shopping atmosphere [4].

Core Viewpoint - Mingming Hen Mang is a leading domestic chain in the bulk snack industry, driving transformation in the sector, currently in a phase of market improvement, same-store recovery, and rapid profit release [1] Group 1: Business Model and Market Position - The company enriches its product mix and redefines retail pricing through supply chain restructuring and innovative product development, aiming to meet consumer demand for quality and affordable snacks [2] - The bulk snack industry is experiencing significant transformation, with specialized retail models growing at a CAGR of approximately 14% from 2019 to 2024, outpacing traditional supermarket channels [1][2] - The company is focused on deepening its presence in lower-tier markets, with a potential store count ceiling of 30,000 to 35,000, leveraging rapid expansion to create scale barriers [1] Group 2: Product Offering and Customer Engagement - The average store offers at least 1,800 SKUs, double that of similar-sized supermarkets, catering to diverse consumer preferences [2] - The company has over 180 million registered members as of September 30, 2025, with a 77% repurchase rate in the past year, indicating strong customer loyalty [2] - Approximately 34% of the 3,997 SKUs in stock are custom-developed by manufacturers, allowing for precise alignment with consumer needs [2] Group 3: Financial Outlook - The company anticipates achieving 30,000 to 35,000 stores in the medium term, with single-store recovery expected in 2026 [2] - Profitability is projected to improve with enhanced gross margins due to procurement scale effects and optimized expense ratios, with a net profit margin potentially exceeding 5% [2] - Revenue forecasts for 2025-2027 are estimated at 64.55 billion, 86.73 billion, and 100.38 billion yuan, with net profits of 2.341 billion, 3.407 billion, and 4.204 billion yuan respectively, initiating coverage with a "buy" rating [2]

云南大理白族自治州，游客(左)与摄影师一起挑选照片。 消费是满足需要的过程，同时又会创造出新的需要，从而推动生产进一步发展。从这个意义上讲，消费 是一个使社会再生产得以持续进行的连续、阶梯式发展过程。因此，把握消费发展阶段性特征对于推动 供需适配十分重要。 北京朝阳区，一名智能柜补货员在卸货。 以上图片均为人民网记者马天翼摄 福建漳州漳浦县，渔船陆续返港。 人民网记者 欧阳易佳摄 视频报道请看人民日报客户端、"人民网+"客户端，英文报道请看环球时报英文版客户端 总需求不足是当前经济运行面临的突出矛盾。加快补上内需特别是消费短板，使内需成为拉动经济增长 的主动力和稳定锚，意义重大。习近平总书记指出："要坚持供需两侧协同发力、动态平衡，持续深化 供给侧结构性改革，有进有退、有保有压，增强供给与需求的适配性、平衡性。""十五五"规划建议围 绕"大力提振消费"，提出了"深入实施提振消费专项行动""扩大优质消费品和服务供给""推动商品消费 扩容升级"等一系列重大举措。中央经济工作会议也把提振消费作为建设强大国内市场的重要内容作出 部署。提振消费，供需适配是关键。 提振消费要在供需适配上下更大功夫 消费受制于收入水平，也 ...

一场说走就走的旅拍；一袋鲜气满满的海味；一瓶紧跟潮流的气泡水……近年来，市场上一些创新型产 品受到消费者欢迎。 "十五五"规划建议提出，以新需求引领新供给，以新供给创造新需求，促进消费和投资、供给和需求良 性互动，增强国内大循环内生动力和可靠性。 近期，习近平经济思想研究中心主任、研究员史育龙为人民日报"高质量发展故事汇"栏目撰写署名文章 时表示，在千方百计提高消费者收入的同时，还要在供需适配上下功夫，使生产供给端提供的产品和服 务能够精准匹配消费者的即期需求，并能够通过产品和服务创新引领需求、创造需求，实现供给和需求 的"双向奔赴"，形成需求牵引供给、供给创造需求的更高水平动态平衡。 信任快门，拍出文旅新风景 日落时分，云南大理古城被金色滤镜笼罩，摄影师们拿起相机，在快门的咔嚓声中，为身着白族服饰的 游客定格时光。 "在成为旅拍摄影师之前，我是一名建筑师。"云南大理旅拍店店主赵立伟表示，当前，年轻人的需求正 变得更个性、多元，传统"到此一游"正向"深度体验"转型，民族服饰旅拍便是游客沉浸式体验的一种方 式。 得益于通过美团等互联网平台架起的供需"信任之桥"，从"村BA"到"苏超""赣超"，从"博物馆热"到火 ...

Core Viewpoint - The State Council's recent issuance of the "Work Plan for Accelerating the Cultivation of New Growth Points in Service Consumption" aims to optimize and expand service supply, enhance service consumption quality, and stimulate domestic demand through 12 targeted policy measures [1][5]. Group 1: Key Policy Measures - The 12 policy measures focus on invigorating key sectors, nurturing potential areas, and strengthening support systems to activate domestic demand and inject strong momentum into high-quality development [1][5]. - Policies include transforming transportation lines into cultural and industrial corridors, enhancing tourism through railway integration, and facilitating visa processes to convert inbound traffic into consumption growth [3][4]. Group 2: Service Consumption Trends - The vibrant consumption landscape during the Spring Festival reflects China's consumption structure transformation, with service retail sales growing by 5.5% year-on-year in 2025, and per capita service consumption expenditure reaching 46.1% [3]. - Emerging trends in service consumption include significant growth in cultural, recreational, and travel sectors, driven by new business models and local IP popularity [3][4]. Group 3: Forward-looking and Inclusive Policies - The policies demonstrate foresight and inclusivity by addressing new consumer demands in performances, sports events, and experiential services, allowing for regulatory flexibility and support for new business models [4]. - Measures include enabling eligible performance groups to transition to public welfare units and incorporating experiential service professions into national classifications, fostering a conducive environment for new consumption demands [4]. Group 4: Comprehensive Support Framework - The policies aim to establish a comprehensive support network through improved standards, credit systems, and financial backing, addressing industry challenges related to service quality and consumer rights [4][5]. - This dual approach of optimizing supply and providing institutional support is designed to encourage consumer confidence and stimulate market activity, aligning consumer needs with industrial upgrades [4][5].

Group 1 - The county market in China is becoming a new growth point for consumption, driven by a large population and significant consumption potential [1] - By 2025, retail sales of consumer goods in rural areas are expected to grow by 4.1%, outpacing urban growth by 0.5 percentage points [1] - The county market's share of total retail sales is projected to reach 38.7% by 2025, indicating a stable release of consumption potential [1] Group 2 - Sam's Club is expanding into lower-tier markets, opening its fourth store in Suzhou, targeting economically strong county-level cities [2] - The county tourism sector is rapidly growing, attracting tourists with unique natural scenery and cultural experiences, leading to increased demand for high-quality accommodations [2] - The consumption structure in counties is shifting from necessity-based to development-oriented, with a notable increase in service consumption [2] Group 3 - Domestic travel among rural residents is experiencing rapid growth, with 15.26 billion trips in 2025, a 22.6% increase year-on-year [3] - Total domestic travel expenditure is projected to reach 6.30 trillion yuan in 2025, with rural residents contributing 1.00 trillion yuan, reflecting a 21.4% increase [3] - The rise in rural travel is attributed to increased income and the implementation of rural revitalization strategies [3]

"新国补"落地，各地消费市场"焕新"。今年消费品以旧换新精准贴合民生需求与消费升级趋势。数码产品购新补贴拓展为数码和智能产品购新补 贴，将智能眼镜和智能家居产品纳入支持范围。 目前，智能眼镜市场正迎来爆发式增长。据机构预测，2026年中国智能眼镜市场出货量将达到450万台，同比增幅高达77%。在"新国补"政策推动 下，以智能眼镜、智能手表为代表的智能穿戴消费正迎来新热潮。 换得更好、用得更智，产业升级与百姓生活品质提升正在双向奔赴，绘就消费"新"图景。 记者：余刚 彭菁 编导：张南琦 新华社音视频部制作 【纠错】 【责任编辑:谷玥】 1月6日，消费者在江苏省连云港市连云区一大型手机卖场内挑选新款手机。新华社发（王春 摄） 1月18日，顾客在深圳市南山区的INNO100全球创新旗舰店体验智能眼镜。新华社记者 毛思倩 摄 个人消费者购买手机、平板、智能手表手环、智能眼镜等4类产品（单件销售价格不超过6000元），按产品销售价格的15%给予补贴，每位消费者 每类产品可补贴1件，每件补贴不超过500元。 ...