发布会现场 聂辉/摄 顶端新闻记者 聂辉 北京报道 9月17日下午，国新办举行新闻发布会，介绍扩大服务消费有关政策措施。商务部服务贸易和商贸服务 业司司长孔德军介绍，将在全国选择50个左右消费新业态新模式新场景试点城市，增加优质消费供给， 创新和丰富多元化消费场景，推动新的消费业态不断涌现、消费活力进一步提升。 另一方面，消费新业态新模式新场景往往具有较强辐射性和跨区域性，一个成功的消费场景，既能够促 进本地文旅、交通、住宿等关联产业发展，又能带动周边消费。孔德军称，试点城市通过场景创新、模 式迭代、业态升级，以点带面推动区域消费资源整合，形成"一地创新、多地联动"的模式，将为经济高 质量发展注入新的动能。 孔德军介绍，下一步，商务部将通过竞争性评审方式在全国选择50个左右人口基数大、带动作用强、发 展潜力好的消费新业态新模式新场景试点城市，增加优质消费供给，创新和丰富多元化消费场景，推动 新的消费业态不断涌现、消费活力进一步提升，更好满足人民群众多样化、差异化消费需求，为经济高 质量发展提供有力支撑。 来源：顶端新闻 孔德军介绍，开展消费新业态新模式新场景试点城市建设，是顺应当前消费升级趋势，着眼于解决优质 ...

Group 1: Overall Economic Performance - The retail sales of social consumer goods increased by 4.6% year-on-year from January to August, with service retail sales growing by 5.1%, indicating a continuous expansion of market sales [1][3] - In August, the retail sales of goods increased by 3.6% year-on-year, supported by policies encouraging consumers to upgrade their purchases and the sales of related products [1][2] Group 2: Consumer Trends - The demand for goods consumption continued to grow, with significant increases in retail sales of home appliances, cultural and office supplies, and furniture, all exceeding 10% year-on-year in August [1][2] - Service consumption showed stable growth, with a year-on-year increase of 5.1% from January to August, driven by tourism and recreational activities during the summer [2][3] Group 3: New Consumption Patterns - Online retail sales increased by 9.6% year-on-year from January to August, outpacing the overall retail sales growth, with physical goods online retail sales growing by 6.4% [2] - The retail volume of new energy vehicles in the passenger car market grew by over 20% year-on-year in the first eight months [2]

Market Growth Insights - The Chinese advertising market is entering a new phase characterized by "structural growth + experience-driven + value reconstruction" [1] - From January to July 2025, the advertising market showed structural growth, with significant contributions from entertainment, self-care, and technology sectors [1] - Notable increases in advertising spending were observed in personal health care (+283.4%), educational supplies (+158.0%), and footwear (+121.8%) [1][8] - The top five categories for brand growth included condiments (+28.6%) and laundry products (+24.6%), indicating resilience in these sectors [1][8] - New product promotion expenses accounted for over 40% in telecommunications and home appliance industries, with expectations of maintaining over 30% investment across most sectors in 2025 [1][10] Marketing Expression Upgrades - The shift from "single expression" to "multi-dimensional expression" is driven by the "experience economy," creating a feedback loop of "experience-resonance-viral" [2] - AI is enhancing emotional experiences in marketing, with over 50% of consumers using AI for purchasing decisions in categories like home appliances and electronics [2][12] - The report emphasizes the importance of brand value construction, noting that 57.8% of consumers prioritize brand over immediate effectiveness in decision-making [2] Cultural Experience and Engagement - Cultural experience activities are gaining popularity, with concert ticket sales reaching 1.393 billion yuan (+8.8%) in the first half of 2025, and advertising spending for concerts increasing by 58.8% [1][15] - Brands are leveraging immersive activities to enhance interaction with consumers, reflecting a new norm in cultural tourism consumption [1][15] AI and Brand Perception - The number of AI-related products and advertising expenditures surged by 442.8%, with 77% of consumers believing that AI elements enhance brand favorability [1][12] - The report suggests that brands should utilize AI effectively while increasing advertising investments to build long-term competitiveness and achieve sustainable growth [2]

Group 1 - The 2025 Chongqing Urban Football Super League has officially commenced, generating high enthusiasm among local residents and is expected to significantly boost local cultural and tourism consumption [1][7] - Teams have intensified their training and preparations ahead of the league [3] - The nearby restaurant industry is also gearing up for increased business during the league [5] Group 2 - A local creative store has designed 41 unique posters and slogans for the participating teams, which have been well-received by fans [7] - The event is anticipated to enhance the city's brand value, stimulate the cultural tourism market, and drive consumer spending [7] - The Chongqing Sports Bureau estimates that the league will generate over 100 million yuan in consumption across the restaurant, accommodation, and transportation sectors, with a projected tourism revenue increase of over 20% for the host districts [9]

Core Insights - The National Development and Reform Commission held a press conference to discuss the achievements of fiscal reform and development during the "14th Five-Year Plan" period [1] Group 1: Investment and Financial Measures - The Ministry of Finance has allocated over 1.5 trillion yuan in special long-term bonds in the past two years to promote effective investment [1] - A total of 19.4 trillion yuan in local government special bonds has been arranged over five years, supporting 150,000 construction projects [1] - Central budget investments amounting to 3.33 trillion yuan have been allocated to support infrastructure projects such as water conservancy and transportation [1]

Inflation Overview - August CPI year-on-year growth increased to 2.9%, up from the previous month, with a month-on-month increase of 0.4%[3] - Core CPI year-on-year growth remained stable but slightly increased by 0.05 percentage points[3] Commodity Inflation - Core commodity year-on-year growth reached 1.5%, the highest since June 2023, with a month-on-month increase of 0.3 percentage points[4] - Used car prices surged, with a year-on-year growth rate of 6% and a month-on-month increase of 1%[4] - New car prices increased to a year-on-year growth of 0.7%[4] Energy Inflation - CPI energy component year-on-year growth turned positive at 0.2%, up 1.8 percentage points from the previous month[11] - Brent crude oil average price fell to $68.4 per barrel, influenced by easing geopolitical tensions[11] Service Inflation - Core service year-on-year growth remained stable at 3.6%, with a slight month-on-month decrease to 0.3%[4] - Owner's equivalent rent year-on-year growth decreased by 0.1 percentage points to 4%[4] Market Expectations - Market anticipates an average of 2.9 interest rate cuts within the year, with a strong expectation for a cut in September[4] - Recent labor market adjustments indicate a potential oversupply, impacting inflation expectations[4] Risk Factors - Risks include unexpected downturns in the U.S. economy and potential over-tightening by the Federal Reserve[23]

9月8日至12日是2025年中国公平竞争政策宣传周。为充分发挥司法裁判的示范引领作用,10日,最高人民 法院发布了5件反垄断典型案例。最高法介绍,此次发布的5件典型案例,涉及滥用行政权力排除、限制竞 争行为,固定商品价格及分割销售市场的横向垄断行为,以及行业协会组织本行业的经营者从事垄断行为 等重要法律问题,涵盖交通、建材、原料药、化工等民生行业。 中新 ...

Core Viewpoint - The UK Labour government, which campaigned on prioritizing economic growth, is struggling to meet growth expectations and has inadvertently deepened the low-growth trap of the UK economy through its policies [1] Economic Growth Trends - The UK economy has shown a significant slowdown in growth, with a quarterly growth rate of only 0.3% in Q2 2023, down from 0.7% in Q1 [2] - In June, the economy grew by 0.4%, but this followed two months of contraction [2] Shifts in Growth Drivers - The sources of economic growth have shifted from private consumption to government spending, with government expenditure rising by 1.2% in Q2, while business investment fell by 4.0% and consumer spending grew by only 0.1% [3] - The reliance on public sector growth is concerning, as private sector growth is hindered by global and domestic uncertainties [3] Government Spending and Defense Investments - The UK government is increasingly dependent on public spending to drive economic growth, with significant investments in military and security industries totaling £250 million [4] - The government plans to increase defense spending to 2.5% of GDP by 2027, with a long-term strategy focusing on competitive economic sectors [4] Fiscal Vulnerability - The expansion of public spending has led to a more fragile fiscal situation, with public borrowing reaching £60 billion, up £6.7 billion from the previous year [5] - The net debt-to-GDP ratio stands at 96.1%, indicating a rising trend in government borrowing costs, with bond yields at their highest since 1998 [5] Future Economic Outlook - The high borrowing costs may not be sustainable, prompting calls for the Labour government to reduce public spending and borrowing [6] - Projections indicate that total debt could rise to over 270% of GDP by 2070, significantly weakening the UK's ability to respond to future shocks [7] Attempts at Fiscal Reform - The Labour government has recognized the impact of its growth model on fiscal stability and attempted to implement welfare cuts, which were ultimately retracted due to opposition [8] - The upcoming autumn budget is critical, as further tax increases may exacerbate the low-growth situation, with forecasts predicting a fiscal deficit of £41.2 billion by 2029-30 [9] Historical Context - The UK economy has been in a low-growth state for several years prior to the Labour government's rise to power, which campaigned on reversing this trend [10]

（原标题：肯8月通胀率升至4.5%，食品与交通成主因） 肯《旗帜报》8月30日报道，肯尼亚国家统计局（KNBS）数据显示，8月通胀 率升至 4.5%，较7月的4.1%略有上升，主要受食品、交通和酒类价格上涨推 动。食品和非酒精饮料同比上涨 8.3%，交通成本上涨 4.4%，住房及公用事业 上涨0.8%。分析认为，肯整体通胀仍处于央行目标区间，但食品与交通的持续 压力可能加大中低收入家庭负担，并对消费恢复构成挑战。 ...

Economic Growth Trends - The UK economy is experiencing a significant slowdown, with a second-quarter growth rate of only 0.3%, down from 0.7% in the first quarter [2] - In June, the economy grew by 0.4%, but prior months saw a contraction of 0.1% [2] Shifts in Growth Drivers - The growth drivers have shifted from private consumption to government spending, with government expenditure increasing by 1.2% in the second quarter [3] - In contrast, business investment fell by 4.0% and consumer spending only grew by 0.1% during the same period [3] Government Spending and Defense Investments - The UK government is increasingly reliant on public spending to drive economic growth, with a commitment to raise defense spending to 2.5% of GDP by 2027 and potentially to 3% over the next decade [4] - A £250 million investment in military and security industries across various cities is expected to boost local economies and employment [4] Fiscal Vulnerability - The expansion of public spending has led to a precarious fiscal situation, with public borrowing reaching £60 billion, an increase of £6.7 billion from the previous year [5] - The net debt-to-GDP ratio stands at 96.1%, up by 0.5 percentage points from the previous year [5] Rising Borrowing Costs - The UK faces the highest borrowing costs among major economies, with 30-year government bond yields hitting their highest level since 1998 [5] - The government may need to issue more bonds to sustain public spending, leading to further increases in bond yields [5] Economic Policy Challenges - The government has attempted to address fiscal pressures by proposing welfare cuts, but these plans were ultimately scrapped due to opposition [8] - The upcoming autumn budget is critical, as the government may need to raise taxes to meet fiscal stability rules, which could further hinder economic growth [9] Long-term Economic Outlook - The UK economy has been in a low-growth state for several years, and the current tax policies may exacerbate this trend [10] - The rise of reformist parties indicates a potential shift in economic strategy to break the cycle of low growth [10]