Group 1 - The core idea of the article highlights the successful expansion of the Austrian chocolate company, Zotter, into the Chinese market through innovative experiential stores known as chocolate theaters, which have gained popularity among local consumers [1][2] - Zotter has established chocolate theaters in both Austria and Shanghai, attracting over 2,000 visitors daily during peak summer periods, showcasing the effectiveness of their business model in fostering local chocolate culture and demand [1] - The company has received significant support from local governments and has found strong partnerships in China, which has been crucial for its operational success and adaptation to the market [2] Group 2 - Since entering the Chinese market in 2013, Zotter has participated in every China International Import Expo (CIIE) since its inception in 2018, where it has showcased various chocolate flavors and attracted large crowds [2] - The company plans to introduce 50 new products at this year's CIIE, indicating a commitment to innovation and responsiveness to consumer preferences [2] - The CEO expresses confidence in the resilience of the Chinese economy and believes that the demand for high-quality products and services, including Zotter chocolates, will continue to grow [2]

文 ： 华创证券研究所副所长 、首席宏观分析师 张瑜（执业证号：S0360518090001） 联系人： 陆银波（15210860866） 袁玲玲（微信 Yuen43） 报告摘要 本周主要关注政治局会议，其他政策出台相对较少。具体参考点评 《以确定性应对不确定性——从投 资视角学 习 4.25 政治局会议精神》 。 1 ）政策定调未发生明显变化。 会议强调，要"坚定不移办好自己的事……以高质量发展的确定性应 对外部环境急剧变化的不确定性"。 2 ）宏观政策 ，强调要"要加紧实施更加积极有为的宏观政策"。财政政策，要求"加快地方政府专项债 券、超长期特别国债等发行使用"；货币政策，"设立新型政策性金融工具"。 3 ）消费方面， 强调服务消费，"设立服务消费与养老再贷款"。 4 ）产业方面， "加快实施'人工智能 + '行动"。当天政治局集体学习也是以人工智能为主题，总书记 强调要"坚持自立自强 突出应用导向 推动人工智能健康有序发展"。 5 ）涉企问题上， "加快解决地方政府拖欠企业账款问题"；"对受关税影响较大的企业，提高失业保险 基金稳岗返还比例"。 近一周，对外开放相关政策较多： 1 ）自贸区政策： 4 ...