Core Viewpoint - The Hainan Provincial Committee emphasizes the development of various economic models, including night economy, instant economy, first-release economy, and "Guzi economy," to enhance the international tourism consumption center's capabilities and promote new consumption scenarios [1][6][11][14]. Night Economy - Hainan has significant advantages for developing the night economy, including a favorable climate, a large tourist market, rich culinary resources, a strong commercial atmosphere, and mature coastal landscapes [3][4]. - The province received 84.93 million tourists from January to October 2025, marking an 8.3% year-on-year increase, providing a robust market flow for the night economy [3]. - The government has introduced supportive policies, such as the "Hainan Free Trade Port Tourism Regulations," to enhance the night economy's development [4]. Instant Economy - Instant economy is characterized by meeting consumer demands in real-time through digital platforms, enhancing user experience and efficiency in tourism consumption [6][7]. - The instant retail market in China reached 650 billion yuan in 2023, with a projected growth to over 2 trillion yuan by 2030, indicating a significant market opportunity [7]. - Hainan aims to leverage its policy advantages to foster the instant economy, enhancing the overall competitiveness of its tourism sector [8][10]. First-Release Economy - The first-release economy is identified as a key strategy for Hainan to enhance its international tourism consumption center, capitalizing on unique local advantages [11][12]. - The fifth Consumer Expo showcased nearly 100 new products, demonstrating the potential of the first-release economy to stimulate market engagement and consumer interest [11]. - A comprehensive policy support system is essential for the first-release economy, including streamlined customs processes and intellectual property protections [12][13]. Guzi Economy - The "Guzi economy," derived from the English word "goods," focuses on emotional consumption linked to cultural IPs, with a market size projected to reach 168.9 billion yuan in 2024 [14][15]. - Hainan's free trade policies provide a conducive environment for developing the Guzi economy, attracting top-tier IP companies and fostering local cultural integration [14][15]. - The province aims to create immersive consumer experiences by leveraging its unique tourism resources and developing original IPs that resonate with local culture [15][16].

Core Viewpoint - The ongoing food delivery competition is not simply a case of "involution" but rather contributes to social welfare by increasing consumption habits in previously underserved areas [1][6][16] Group 1: Competition and Market Dynamics - The competition in the food delivery sector has led to an increase in social welfare, as it has encouraged new consumption habits among previously low-penetration demographics [1][6] - Non-price competition has shown signs of "involution," but price competition does not meet the criteria for being classified as "malicious" competition [1][6] - The recent political discourse has shifted from "low-price" competition to a broader focus on "disorderly competition," indicating that price remains a critical competitive factor [2][7] Group 2: Regulatory Approach - Experts advocate for a "tolerant and prudent" regulatory approach towards the emerging instant economy, aligning with the central government's emphasis on accommodating new technologies and business models [1][4][20] - Regulatory measures should be based on solid theoretical foundations and evidence, avoiding being swayed by public sentiment or specific interest groups [8][20] - There is a need to address unfair competition behaviors, particularly those that compromise safety or spread misinformation [6][8] Group 3: Economic Impact - The instant economy is expected to evolve towards more immediate and scenario-based consumption, significantly impacting macroeconomic growth by promoting consumption and employment [4][16] - The food delivery sector has shown remarkable growth, especially in western regions, with some areas experiencing a 300% increase in delivery scale [4][16] - The shift from tangible goods to intangible services in the instant economy reflects a broader change in consumer behavior and market dynamics [17][20] Group 4: Employment Effects - The rise of the instant economy has created a significant number of jobs, particularly for marginalized groups, including those facing employment challenges [19][21] - The flexibility of gig work allows individuals to engage in multiple roles, contributing to a trend of "slash youth" who juggle various jobs [19][21] - The growth of delivery personnel has implications for urban integration, as many riders find stable employment and opportunities for advancement [19][21] Group 5: Future Directions - The future of the instant economy should focus on new market increments, including scenario-based consumption and online services, while integrating technological advancements [20] - There is a call for more attention to the social security and labor rights of gig workers, ensuring their protection and well-being [20][21] - Platforms are encouraged to balance support for large merchants with assistance for small businesses to foster a more equitable market environment [12][21]

Core Viewpoint - The ongoing food delivery competition is not simply a case of "involution" but rather contributes to social welfare by fostering new consumption habits and increasing market penetration in previously underserved areas [1][5]. Group 1: Competition and Market Dynamics - The competition in the food delivery sector has led to an increase in social welfare, as it has encouraged new consumption habits among previously low-penetration demographics [1][5]. - Non-price competition has shown signs of "involution," but price competition does not meet the criteria for being classified as "malicious" competition [1][6]. - The recent political discourse has shifted from "low-price" competition to a broader focus on "disorderly competition," indicating that price is a crucial competitive factor [2][7]. Group 2: Economic Impact - Instant economy, as a new business model, has the potential to enhance consumer satisfaction and stimulate macroeconomic growth by outsourcing household activities to the market [2][16]. - The food delivery sector has demonstrated significant scale and regional effects, particularly in western regions where growth rates have reached up to 300% [2][17]. - The shift from tangible goods to intangible services in the instant economy reflects a broader change in consumer behavior and market dynamics [17]. Group 3: Employment and Labor Market - The rise of the instant economy has created a substantial employment pool, particularly among marginalized groups, including those who are unemployed or unable to work full-time [19][20]. - The flexibility of gig work allows individuals to engage in multiple roles, contributing to a trend of "slash youth" who juggle various jobs across platforms [20][22]. - The increase in delivery personnel has implications for urban integration, as many riders find pathways to stable employment and social integration through their roles [22]. Group 4: Regulatory Considerations - The concept of "inclusive and prudent regulation" emphasizes the need for a solid theoretical foundation and evidence-based actions in regulating market behaviors [3][8]. - Regulatory bodies should focus on specific unfair competition behaviors while allowing for the natural evolution of the instant economy [3][8]. - There is a call for more attention to the working conditions and safety of delivery personnel, as well as the need for platforms to provide better support for this workforce [22].