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Core Viewpoint - Nantong City is committed to advancing new industrialization and leveraging artificial intelligence to transform its manufacturing sector, aiming to establish itself as a modern industrial city at the forefront of technology [1][3]. Group 1: Industrial Development - During the "14th Five-Year Plan" period, Nantong added 2,233 industrial enterprises above designated size, with an average annual growth of 8.7% in industrial added value [3]. - The six key industrial clusters in Nantong surpassed a total output value of 1.3 trillion yuan, with high-tech shipbuilding and marine engineering, as well as high-end textiles, recognized as national advanced manufacturing clusters [3]. - The number of high-tech enterprises, high-tech industry output, and strategic emerging industry output have doubled compared to the end of the "13th Five-Year Plan" [3]. Group 2: Policy Initiatives - The meeting outlined the "Nantong City Action Plan for Promoting AI + Manufacturing," focusing on creating a "Smart Manufacturing City" by emphasizing key areas such as vertical models, embodied intelligence, and critical components [4]. - The "Nantong City 2026 Special Action Plan for Promoting New Industrialization" was also deployed, aiming to establish a modern industrial system rich in Jianghai characteristics by the end of the "15th Five-Year Plan" [4]. - The meeting highlighted the importance of integrating technological and industrial innovation, encouraging enterprises to increase R&D investment and establish research institutions [3][4]. Group 3: Recognition and Collaboration - The meeting recognized the top 50 manufacturing enterprises in Nantong for 2025 and released a directory of the city's characteristic advantageous industries [4]. - Nantong was designated as a national pilot city for the digital transformation of small and medium-sized enterprises, with awards presented to representative enterprises in the offshore wind power equipment industry cluster [4].

Summary of Key Points from the Conference Call Industry Overview - **Real Estate Sector**: Shenzhen has joined Beijing and Shanghai in easing home-buying restrictions, lifting purchase limits in six districts for both local families and non-residents who have paid social security or income tax for at least one year [2][7]. - **Government Support**: The Chinese government is considering mobilizing central SOEs to purchase unsold homes from troubled developers, utilizing a RMB300 billion fund to stabilize the real estate sector [3]. Core Insights - **Easing Measures Impact**: The recent easing measures in Shenzhen may provide marginal support to the real estate market, which has seen primary home sales in tier-1 cities fall below last year's levels. Local realtors reported a 10% increase in property viewings since the announcement [2][3]. - **Long-term Growth Focus**: The Ministry of Industry and Information Technology (MIIT) is prioritizing long-term high-quality growth, particularly in the electronic information manufacturing sector, with a target growth rate of 7% for 2025 and 2026 [4][8]. - **Anti-involution Measures**: MIIT has introduced an "anti-involution" plan aimed at reducing irrational competition and enhancing supply capacity in key sectors, with further plans for nine additional sectors [4][7][9]. Additional Important Information - **Sports Consumption Boost**: The State Council has issued 20 measures to promote sports consumption, aiming to expand the sports industry's total scale to over RMB7 trillion by 2030, up from RMB3.7 trillion in 2023 [11][12]. - **Service Consumption Policies**: The Ministry of Commerce plans to introduce policies to enhance service consumption, focusing on high-quality service supply and attracting foreign direct investment [13]. - **Economic Activity Indicators**: Various economic indicators show mixed results, with car sales in August increasing compared to last year, while national box office revenues and second-hand home sales in major cities have eased [30][40]. Conclusion The conference call highlighted significant developments in the real estate sector, government initiatives to support long-term growth, and measures to boost consumption in various industries. The focus on easing restrictions and promoting high-quality growth reflects a strategic shift in response to current economic challenges.