Core Insights - The rapid development of Guangming Science City is highlighted, with its ranking in the "Top 100 Science Cities" rising from 24th in 2022 to 7th in 2024, showcasing its strong growth potential [1] - The Phoenix City area within Guangming Science City is positioned as a crucial hub for industrial innovation and transformation, contributing significantly to the region's GDP [2] - The area has seen a substantial influx of high-quality resources and infrastructure, including transportation networks and commercial centers, enhancing its attractiveness for residents and businesses [2][3] Company Insights - China State Construction Engineering Corporation's subsidiary, Shanghai Zhongjian Dongfu Investment Development Co., Ltd., is set to launch its project, Zhongjian Guanyue, in the promising Phoenix City area [4] - Zhongjian Guanyue is strategically located near the upcoming metro line and is designed to meet the needs of modern living with flexible and efficient layouts [5] - The project has already received positive market feedback during previous sales, indicating strong demand in the area [5]

Core Viewpoint - Mianyang, recognized as China's only Science and Technology City, has introduced a comprehensive action plan to boost consumption, including a trial of a 4.5-day flexible workweek, aimed at enhancing residents' consumption capacity and market vitality [1][3][20] Group 1: Economic Performance - Mianyang's GDP reached 434.4 billion yuan in 2024, with a growth rate of 7%, surpassing the national average of 5% [3][8] - The city has experienced a compound annual growth rate of 10.59% from 2000 to 2024, positioning it as the second-largest economy in Sichuan [6][7] - Mianyang's GDP accounted for over 6.7% of Sichuan's total GDP in 2024, reflecting a steady increase in its economic contribution [7] Group 2: Employment and Labor Policies - The action plan includes raising the minimum wage to 2,200 yuan per month and increasing basic pensions for retirees, which are expected to stimulate local consumption [1][3] - The introduction of a 4.5-day workweek is anticipated to encourage short-term tourism and service consumption, potentially increasing weekend tourist traffic by an average of 45% in similar pilot areas [8][20] Group 3: Technological Development - Mianyang is home to over 930 high-tech enterprises and 40 national-level "little giant" companies, indicating a robust technological ecosystem [7][12] - The city has a significant research and development investment, with R&D expenditure exceeding 7% of its GDP in recent years, surpassing major cities like Beijing and Shenzhen [10][15] Group 4: Talent Attraction - Mianyang has seen a substantial influx of talent, with 86,000 individuals moving to the city from 2022 to 2024, a 153% increase compared to the previous three years [18][19] - The city has implemented a "Talent Ten Measures" policy, allocating 1 billion yuan in special funds to attract and support innovative teams [19][20] Group 5: Future Goals - Mianyang aims to achieve a GDP of over 600 billion yuan by 2027, requiring an annual growth rate of at least 10.54% [20]