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]

Core Points - The 2025 International Consumption Conference opened in Beijing on September 10, focusing on new consumption scenarios, business models, and trends in the consumption sector [1][2] - The conference aims to promote high-quality development in the commercial service industry through collaboration among various stakeholders, including government officials, diplomats, multinational companies, and industry experts [1][2] Group 1: Economic Insights - Consumption is identified as one of the three driving forces of economic growth, crucial for social reproduction and high-quality economic development [2] - The current global economic landscape is marked by challenges such as geopolitical tensions and unfair trade, leading to increased uncertainty and a shift towards diversified and globalized consumption [3] - The need for international cooperation in releasing consumption potential is emphasized, with a focus on structural reforms on both the demand and supply sides [2][3] Group 2: Strategic Recommendations - Three key areas for enhancing consumption are proposed: exploring emerging consumption potential, aligning with international consumption rules, and strengthening infrastructure for cross-border payments [2] - The importance of cross-border logistics, international payment collaboration, and sustainable supply chain cooperation is highlighted as essential for international consumption [3] Group 3: Industry Perspectives - The role of media in observing consumption trends and promoting integrated development is underscored, with a focus on creating new consumption scenarios through the intersection of various sectors [4] - The conference serves as a platform for diverse viewpoints and opportunities, with China positioned as a significant player in shaping global consumption and trade patterns [3][4] Group 4: Local Development Initiatives - The report on the development of "15-minute convenience living circles" indicates significant progress, with 5,188 convenience living circles established, serving 118 million residents and creating 7.324 million jobs, reflecting a 44.9% year-on-year increase [7]