Group 1 - The Guangzhou Guangjiao Health Industry Park has officially entered the trial operation phase, marking a significant step in the construction of the modern commercial circulation system in Guangzhou [1] - The project covers a total construction area of over 100,000 square meters with a cumulative investment of 483 million yuan, showcasing rapid construction progress with key milestones achieved in record time [1] - The park has been integrated into the suburban warehouse construction plan of Guangzhou and is recognized as one of the first pilot projects for the modern commercial circulation system, highlighting both construction efficiency and quality [1] Group 2 - The industry park is strategically located in the Baiyun District near major transportation routes, enhancing its logistics capabilities through a three-tier logistics network that improves cross-regional and tiered delivery capabilities [3] - The project aims to enhance the smart and shared logistics model for health products, focusing on a digital supply chain service system [3] Group 3 - The project integrates the self-developed "Guangjiao Cloud" product matrix, achieving full-link coverage of logistics systems and providing a robust foundation for the digital transformation of the industry [5] - The establishment of a fully visualized and traceable logistics supply chain system for health products is a key feature of the project [5] Group 4 - On the opening day, ten leading enterprises in the health sector signed cooperation framework agreements with Guangjiao Logistics, indicating strong recognition of the park's capabilities [6] - The park's role as a core hub for modern commercial circulation has been activated, contributing to the development of a prosperous health product circulation ecosystem [6] - Guangzhou's Commerce Bureau is actively implementing national policies to enhance the resilience and efficiency of the supply chain, with plans for further pilot projects and funding support [6]

Core Insights - The Chinese government is focused on achieving high-quality development during the "14th Five-Year Plan" period, with significant progress in various sectors including consumption, trade, and foreign investment [1] Group 1: Consumption Market - The retail sales of consumer goods are projected to grow at an average annual rate of 5.5%, increasing from 39.1 trillion yuan in 2020 to 48.3 trillion yuan in 2024, with expectations to exceed 50 trillion yuan this year [2] - The penetration rate of new energy vehicles is over 50% in the first half of this year, with the number of new energy vehicles expected to grow 5.4 times by 2024 compared to 2020 [2] - Service consumption is also on the rise, with an average annual growth rate of 9.6% from 2020 to 2024, outpacing goods consumption [2] Group 2: Wholesale and Retail Sector - The value added of the wholesale and retail sector is expected to reach 13.8 trillion yuan in 2024, a 40% increase from the end of the "13th Five-Year Plan" period, employing 135 million people [3] - The construction of modern commercial circulation systems has been emphasized, with significant improvements in rural and urban areas, including the establishment of 35 national demonstration pedestrian streets [3] Group 3: Foreign Investment - By mid-2023, actual foreign investment reached 708.73 billion USD, surpassing the target of 700 billion USD set for the "14th Five-Year Plan" period [5] - The number of newly established foreign-funded enterprises has increased by 25,000 compared to the "13th Five-Year Plan," with foreign enterprises contributing significantly to exports, industrial value added, and tax revenue [5] - The proportion of high-tech industry investment has risen to 34.6% in 2024, up 6 percentage points from 2020 [5] Group 4: Trade Performance - China's goods trade has maintained its position as the world's largest for eight consecutive years, with a projected growth of 32.4% from 2020 to 2024 [7] - The share of trade with countries involved in the Belt and Road Initiative has increased from 45.3% in 2021 to 51.8% in the first half of this year [8] - The service trade scale has surpassed 1 trillion USD, ranking second globally, with knowledge-intensive service trade expected to grow by 38% by 2024 compared to 2020 [7] Group 5: New Consumption Trends - There is a notable shift towards quality consumption, with consumers increasingly prioritizing the quality of goods over mere availability [9] - New consumption formats and trends, such as e-commerce and cultural tourism, are expanding the market and attracting younger consumers [9] - The government aims to enhance the supply of quality goods and services to better meet consumer needs and stimulate economic growth [9]

Core Insights - The Ministry of Commerce has reported significant progress in the construction of a modern commercial circulation system since the start of the 14th Five-Year Plan, driven by modern supply chains and high-quality development in the wholesale and retail sectors [1] Group 1: Economic Performance - The wholesale and retail sector's added value is projected to reach 13.8 trillion yuan in 2024, marking a 40% increase compared to the end of the 13th Five-Year Plan, making it the second largest sector after manufacturing [1] - The sector's contribution to GDP will exceed 10%, reaching a historical high, and it is expected to create 135 million jobs [1] - In the first half of this year, the added value of the wholesale and retail sector grew by 5.9% year-on-year, indicating a sustained growth momentum [1] Group 2: Cost Reduction - The total logistics costs as a percentage of GDP have decreased from 14.7% five years ago to 14.1% [1] - Comprehensive logistics costs for key enterprises have been reduced by 10% [1]

自全国首批现代商贸流通体系试点城市公布以来，三年的试点建设期限已行至过半。作为20个试点城市 之一的武汉，递交出一份试点建设的"期中答卷"。 截至目前，武汉已先后开展了三轮项目遴选，建立滚动项目库，共入库试点项目36个、储备项目29个； 已进行四批资金拨付工作，累计向企业拨付补助资金7953.26万元，撬动企业投入4.68亿元。 一批试点项目正有序运营，并形成经验推广。例如，顺丰智慧无人商贸融合物流（武汉）项目已成功开 通全国首条跨江商贸无人机航线，15分钟完成20公里配送，低空即时零售场景落地；银合温控建成武汉 主城区最大"城市冰箱"，年加工20万吨肉类，可保障超1200万居民至少15天的食品储备；亿家净水建成 小家电全国回收分拣网络及数字化管理系统，实现上门回收、物流、签收、分拣、检测、维修、处置全 流程数字化管理。 在试点契机下，武汉现代商贸流通体系建设以点带面、串珠成链，形成能级跃升的强劲势头。这座百年 商贸重镇，正加速成为全国商贸流通版图中"迎南接北、承东启西、覆盖中部、辐射全国"的关键节点。 资金精准拨付发挥"撬动效应" 观察发现，武汉市培育入库的试点和储备项目，具有征集全面、扶强育新、强基固链等 ...

Core Points - The Ministry of Finance and the Ministry of Commerce announced the second batch of pilot cities for the modern commercial circulation system, with Shenyang successfully selected to receive a central financial subsidy of 300 million yuan [1] - This selection follows Dalian's inclusion in the first batch of pilot cities for 2024, indicating a continued focus on enhancing market potential and boosting consumption [1] - The pilot program aims to improve rural commercial circulation systems, establish essential goods supply systems, and promote the integration of commercial circulation [1] Group 1 - Shenyang is positioned as a central hub in the Northeast Asia economic circle and the Bohai Economic Rim, playing a critical role in national development strategies [2] - The city aims to build a modern commercial circulation system characterized by "channels + hubs + networks," enhancing both urban and rural commercial systems [2] - The inclusion in the pilot program is expected to establish Shenyang as a leader in commercial circulation reform and innovation, supporting national strategies and regional revitalization [2]

Core Viewpoint - Hainan Province has introduced a comprehensive implementation plan to enhance the modern commercial circulation system and promote high-quality development in the wholesale and retail sectors through ten specific measures [2]. Group 1: Key Measures - The implementation plan outlines four main areas: building a smooth urban-rural commercial circulation network, promoting innovative development in commercial circulation, optimizing development methods, and facilitating the integration of internal and external commercial circulation [2]. - Specific measures include strengthening the rural commercial circulation foundation, improving the agricultural product supply chain, optimizing urban commercial service efficiency, and promoting platform-based development in the wholesale sector [2][3]. Group 2: Development Goals - By 2027, Hainan aims to create at least five "leading counties" in the national county commercial system, with over five counties achieving "enhanced" status and ten counties reaching "upgraded" status [3]. - The plan supports the enhancement of agricultural product distribution markets in cities like Haikou, Sanya, and Danzhou, and encourages the establishment of cold chain distribution centers in major agricultural production areas [3]. Group 3: Retail Innovation - The province will promote the deep integration of physical retail and the digital economy, transforming traditional retail stores and encouraging the development of multi-functional stores [4]. - Hainan aims to cultivate modern circulation backbone enterprises and promote the integration of urban and rural commercial circulation [4].