Core Insights - The conference titled "Scene Empowerment for Consumption Upgrade - Exploration and Practice of Quality Improvement in Tourist Attractions and Resorts" was held in Yancheng, attracting nearly 150 participants from key scenic spots, tourism resorts, academic scholars, and technology representatives in Jiangsu Province [1][3] - The event aimed to respond to national initiatives for accelerating scene cultivation and promoting the large-scale application of new scenes, guiding the transformation of Jiangsu's tourism attractions and resorts from "resource-driven" to "scene-driven" development [3] Group 1: Key Presentations - The first keynote report was delivered by the director of the Yancheng Shugang-Slim West Lake Scenic Area Development Center, focusing on the theme of "Upholding Integrity and Innovation: Practical Exploration and Strategic Shift for Quality Improvement in the New Era" [6] - The report emphasized the core development philosophy of "upholding integrity and innovation" to enhance visitor experience and innovate service models, showcasing the "Yangzhou Practice" and "Smart Scenic Area" [6] - Other presentations included a professional interpretation of the new national standard for tourism attraction safety by a professor from Nanjing Tourism Vocational College, and insights on the application prospects of artificial intelligence in educational tourism by the executive president of the Jiangsu Tourism Association's research division [6] Group 2: Discussions and Innovations - The conference featured a session for sharing innovative practices and typical case studies, with representatives from industry leaders like Doulong Port Ecological Tourism Resort Group discussing specific measures in scene creation and consumer experience innovation [8] - A roundtable forum was held, moderated by the director of the Yancheng Shugang-Slim West Lake Scenic Area, where various experts shared perspectives on policy opportunities, business model innovation, and project operation enhancement [8] - The event provided a high-quality platform for communication within the Jiangsu tourism industry, deepening the understanding of "scene empowerment" and injecting vitality and practical motivation for sustainable consumption upgrades [8]

曾捕捉"十倍"新消费牛股 优秀基金产品的背后，离不开强大投研平台的有力支撑。富国基金作为"老十家"基金公司之一，历经26 载积淀，已构建起体系完善、实力雄厚的权益投资团队。公司始终秉持"深入研究、自下而上、尊重个 性、长期回报"的投资理念，传承"精研个股"、"注重成长"的投资文化，已实现对重点行业实现全面覆 盖，全方位助力产品选股。 在管产品为消费领域业绩"冠军" 据国泰海通证券发布的《基金公司权益及固定收益类资产业绩排行榜》显示，截至2025年9月30日，富 国基金在权益类大型公司中，近一年、近三年绝对收益排名分别位列第3名（3/13）和第2名（2/13）， 彰显了其穿越周期的综合投资实力。 富国消费优选拟由基金经理周文波掌舵，他具备15年证券从业经历，超5年专户和公募管理年限。由他 管理的富国消费精选30在消费整体表现偏弱的行情下，2025年和2024年连续两年跑出了可观的超额收 益。银河证券数据显示，截至11月30日，该基金A类份额近一年、近三年同类排名均位列同类第1 （1/38、 1/37）。 在当前消费板块经历深度调整、估值吸引力提升、内需复苏趋势渐强的背景下，富国消费优选的发行， 为投资者布局中国 ...

多年前，外出务工的罗英回乡租200亩地种豌豆尖，请50多个村民来帮忙，把豌豆尖像茶叶一样分出等级：从 普通的"两叶一芯"，到只取顶端寸许的嫩梢的"豆贝"分开来卖，正是顶级货"豆贝"叩开了粤港澳大湾区高端 市场的大门。 转自：贵州日报 贵州日报天眼新闻记者 方亚丽 电话铃响，是新年的第一单生意。1月3日晚上8时，黔南州龙里县湾滩河镇园区村，贵州百顺劳务工程有限公 司负责人罗英正忙着安排工人们打包。600斤鲜嫩翠绿的豌豆尖被仔细装箱，发往广州。这是2026年她的首笔 订单。 订单来自惠水县一家电商公司。"很多本地电商今年都来找我们匀货，公司在保障老客户供应的同时，将适当 增加分销。"罗英经营的公司位于"龙里豌豆尖"核心产区。她除了管好自家200亩地，还帮着全镇8000多亩找 豌豆尖销路。 这几年，随着高速物流网络完善和消费升级，龙里豌豆尖的名声渐渐传开，也让罗英更精准地摸到消费者的 需求。 "上海、广州的人喜欢用它做清汤，吃个鲜甜本味；到了云贵川渝，它就成了火锅里必不可少的'爽口 菜'。"罗英说，由于熟稔不同市场的偏好，她的客户名单中既有传统的农贸批发商，也有寻求稳定优质货源 的大型连锁火锅店。 每年10月到次年 ...

在产业赋能上"加力"，以新的生产组织方式激活个性化消费新动能。推动人工智能与柔性制造、智能供 应链深度融合，发展基于用户实时数据的规模化定制能力。鼓励相关平台企业开发轻量化、低成本的人 工智能工具包，赋能中小微商户，降低其精准服务和产品创新的门槛，构建开放协同的智能商业生态。 在经营主体上"加扶"，以新的市场逻辑赋能多元参与者。通过专项补贴、技术适配、技术培训等，帮助 老年人、低收入群体等跨越"智能消费鸿沟"，共享技术红利。同时，借助人工智能平台的网络效应，将 偏远地区优质特产、个性化旅游服务等更精准地匹配全国乃至全球需求，为中小微主体开辟新的市场空 间。 当快速发展的人工智能与我国超大规模消费市场相遇，"人工智能+消费"就成为了政策布局与市场开拓 的关键交汇点。2025年3月印发的《提振消费专项行动方案》明确提出促进"人工智能+消费"，开辟高成 长性消费新赛道；国务院印发《关于深入实施"人工智能+"行动的意见》，把"人工智能+"消费提质作为 重点行动；多地提振消费行动中也频频强调推进"人工智能+消费"。那么，人工智能为什么可以"+"消 费？如何推动"人工智能+消费"真正落地见效？ 要理解"人工智能+消费"， ...

Group 1 - The "New National Subsidy" policy for replacing old consumer goods officially launched at the beginning of the new year, aiming to enhance both industrial upgrades and the quality of life for citizens [1] - The policy includes subsidies for digital and smart products, expanding the scope to include smart glasses and smart home products, with a focus on energy-efficient appliances [2][3] - The first week of the policy saw significant consumer engagement, with a notable increase in foot traffic and sales across various platforms, indicating a strong market response [3][7] Group 2 - The automotive sector is benefiting from the new subsidy policy, which adjusts the old car replacement subsidy to be based on a percentage of the new car's price, encouraging consumers to purchase higher-value, environmentally friendly vehicles [4][6] - The adjustment of the new energy vehicle purchase tax from exemption to a 50% reduction has led to varied consumer reactions, with some opting to wait while others proceed with purchases due to existing needs [4][5] - The overall automotive market is showing signs of rational consumer behavior, with a significant portion of consumers prioritizing product features and brand service over mere price discounts [6] Group 3 - Various cities are actively promoting the subsidy program during the holiday season, launching multiple consumer engagement activities to maximize participation and ensure the effectiveness of the subsidies [7] - The focus on creating a seamless consumer experience through "policy + scenario + experience" initiatives is crucial for capturing the holiday shopping momentum [7] - The market's enthusiasm for the "New National Subsidy" reflects a broader trend towards high-quality development and the transition from "Made in China" to "Intelligent Manufacturing in China" [7]

Core Insights - Cultural and entertainment consumption is a significant indicator of regional development and residents' quality of life, contributing to economic structure upgrades and cultural soft power enhancement [1] Group 1: Market Trends - The cultural and entertainment consumption market in Jiangsu has been expanding, with a shift from basic needs to enjoyment-oriented spending, as 25.8% of surveyed households plan to prioritize cultural entertainment as a high consumption item by 2025 [1] - By 2026, cultural entertainment is expected to rank fifth in consumption priorities among residents [1] Group 2: Film Industry - The film industry leads the cultural entertainment market in Jiangsu, with a selection rate of 58%, making it the most popular form of entertainment, surpassing concerts and sports events [2] - Female consumers show a higher preference for movies, with a participation rate 4.4 percentage points higher than males, while the age group of 36 to 45 years has a participation rate of 65.4%, significantly higher than other age groups [2] Group 3: Sports Events - Sports events are emerging as a crucial growth area in cultural entertainment consumption, driven by the "National Fitness" strategy and increased health awareness among residents, particularly the youth [3] - 19.8% of respondents consider participating in or watching sports events as a primary cultural entertainment consumption item, with 23.9% willing to travel for events, indicating strong market potential [3] Group 4: Digital Culture and Tourism - The dual forces of consumption upgrading and digital technology development are shifting consumer preferences from ownership to experiential participation, creating growth opportunities in digital culture and cultural tourism [4] - 31.7% of respondents plan to increase spending in digital culture and cultural tourism, with younger consumers showing a higher inclination towards digital culture (35.5%) compared to older consumers, who prioritize travel experiences (40.9%) [4]

北京商报讯（记者 翟枫瑞）1月7日，装修建材板块小幅下跌，以16684.54点收盘，跌幅为0.27%。受板 块影响，装修建材板块个股出现不同程度下跌。兔宝宝以13.28元/股收盘，跌幅为6.15%，领跌装修建 材股。麒盛科技以19.22元/股收盘，跌幅为5.18%，跌幅位列装修建材股第二。悦心健康以4.67元/股收 盘，跌幅为3.71%，跌幅位列装修建材股第三。除此之外，皮阿诺以22.53元/股收盘，涨幅为10.01%， 领涨装修建材股。友邦吊顶以47.83元/股收盘，涨幅为10.00%，涨幅位列装修建材股第二。美克家居以 3.88元/股收盘，涨幅为9.92%，涨幅位列装修建材股第三。 中国银河在研报中表示，城市更新驱动消费建材在旧改、修缮市场的需求释放，消费升级将带动高品质 绿色建材需求提升，具备渠道布局优势及品牌优势的龙头企业有望持续巩固市场地位。 ...

Core Viewpoint - The global economy is expected to show moderate recovery in 2026, supported by ample liquidity and a gradual recovery in inventory and profit cycles, shifting the market narrative from valuation recovery to profit support [1][30]. Group 1: Overseas Macro - The global economy will continue to recover, with K-shaped economic characteristics persisting but narrowing. Major economies are projected to have varied GDP growth rates: the US at 2.4%, Eurozone at 1.0%, Japan at 0.8%, and emerging markets at 4.2% [2][30]. - Global inflation is on a downward trend, with expectations that the Federal Reserve may cut interest rates 2-3 times in 2026, leading to a decrease in short-term rates [31][30]. Group 2: Domestic Macro - Fiscal policies are expected to drive investment recovery in major economic provinces, with a focus on infrastructure, manufacturing recovery, and a narrowing decline in real estate sales and investment [8][35]. - The Producer Price Index (PPI) is anticipated to rise initially before stabilizing, while the Consumer Price Index (CPI) may see moderate increases. The profit cycle is gradually recovering, with improvements expected in various sectors [9][35]. Group 3: Liquidity Environment - A clear trend of global liquidity easing is established, with the Federal Reserve leading improvements in overseas liquidity. Domestic monetary policy is expected to align with fiscal measures, potentially leading to interest rate cuts [12][38]. - The supply of funds is likely to be dominated by institutional capital, with private equity funds potentially driving high-net-worth individuals back into equity allocations [14][38]. Group 4: Strategic Allocation Directions - The market is expected to shift from valuation recovery to profit-driven dynamics in 2026, with Chinese assets still having room for valuation recovery [41][42]. - Key sectors to focus on include technology and advanced manufacturing, traditional export chains, and industries with increasing overseas revenue proportions [42][45]. - Future industry themes may include smart manufacturing, next-generation communications, advanced materials, and future energy solutions [47].

Group 1 - The new round of consumer goods replacement subsidy policy has been effectively implemented nationwide, significantly boosting market confidence and activity as evidenced by increased foot traffic in electronics and automotive sectors [1] - The policy focuses on major durable goods such as home appliances, automobiles, and digital products, with specific subsidy conditions aimed at promoting green and low-carbon consumption [1] - Data shows that during the first two days of the New Year holiday, Hebei province's sales of home appliances and digital products reached 590 million yuan, while Ningbo's automotive sales grew by 25.9% year-on-year, indicating the policy's effectiveness in countering consumer hesitation [1] Group 2 - The 2026 consumer goods replacement policy aims to enhance the coverage and impact of subsidies on key consumer goods, shifting from short-term stimulation to long-term consumption upgrade and industrial transformation [2] - The subsidy scope for home appliances is concentrated on essential items like refrigerators and washing machines, ensuring broad accessibility and strong industry chain effects [2] - The inclusion of smart wearable and home products in the subsidy program signals a clear policy direction encouraging the production of greener, smarter, and higher-quality products, which is expected to drive innovation and investment in manufacturing [2] Group 3 - The implementation of the "National Subsidy" policy emphasizes the need for effective execution and strong guarantees, allowing local authorities more autonomy to adapt the central policy to local conditions [3] - A total of 62.5 billion yuan in special long-term bonds has been allocated to support the policy, ensuring timely funding for the upcoming consumption peak during the Spring Festival [3] - Measures to combat fraudulent practices and enhance subsidy accessibility are in place, aiming to create a transparent and efficient policy environment that benefits consumers and stimulates economic growth [3]

Core Insights - The hotel industry in Changzhou is experiencing significant growth, marked by the opening of several high-end hotels and renovations of existing ones, reflecting a strong demand for quality accommodation and contributing to urban consumption upgrades [2][10][26] Group 1: New Hotel Openings and Upgrades - The Changzhou High-tech Novotel Hotel is set to open by the end of 2025, while the Changzhou High-tech Sofitel Hotel is nearing its opening [2] - The Weijing International Hotel in the Dinosaur Park area is undergoing renovations to rebrand as a Le Meridien hotel under Marriott [2] - The Changzhou Grand Hotel has reopened with a five-star standard, aiming to set a benchmark for local hotels [2][14] Group 2: Market Demand and Positioning - There is a strong demand for high-quality accommodation in Changzhou, as noted by the Novotel's general manager, with the hotel exceeding initial booking expectations [5][20] - The Sofitel hotel will feature 293 elegant rooms and over 4,000 square meters of banquet and conference space, catering to high-end business and large events [7][22] - The market is seeing a shift from quantity growth to quality upgrades, with international brands enhancing service standards and local hotels focusing on regional culture [10][16] Group 3: Consumer Trends and Preferences - Consumers are increasingly prioritizing quality, experience, and brand over price, indicating a shift in high-end consumption patterns [18][24] - Different hotels are catering to diverse consumer needs, from business travel to family gatherings, showcasing the segmentation of consumer demand [24] Group 4: Impact on Urban Development - The influx of high-end hotels is enhancing Changzhou's business reception capabilities, supporting the integration of industry and urban development [29] - The presence of international hotel brands is elevating Changzhou's profile as an innovation hub in the Yangtze River Delta, while local hotels maintain cultural continuity [29]