在打造消费新场景、培育新业态方面，北海市举办跨年热爱音乐节等5场大型演艺活动，推出"一带一 路"国际帆船赛等15场重大体育赛事，开展涠洲岛绿地毯影视周活动。"蓝梦之歌"邮轮入驻国际邮轮母 港并开行19个航次，接待出入境游客约4万人次。 中新网南宁2月4日电(韦佳秀)广西壮族自治区政协委员、北海市商务局局长潘娟4日表示，广西持续打 造"广西品牌"，积极拓展"东盟出产+广西集散+中国畅销"新链路。在此背景下，北海市通过一系列务实 举措大力提振服务消费，全年累计发放补贴超2亿元(人民币，下同)，带动消费超14亿元。 正在此间召开的广西壮族自治区政协十三届四次会议，潘娟接受了媒体采访。她介绍，过去一年，广西 消费促进活动成效显著。2026年1月28日至30日，董宇辉携"与辉同行"团队开展"阅山河·广西专场"直 播，三天累计推荐超700款特色产品，售出超500万单，其中海产品近40万单，吸引超1亿人次观看，充 分展现了广西作为"糖罐子""菜篮子""果盘子""肉案子""茶缸子"的供给实力。 潘娟表示，为持续激发消费活力，加速释放内需潜力，北海市在落实国家以旧换新政策基础上，当地本 级财政配套提供补贴，并通过进商场、进企业 ...

Core Insights - Jiangsu has surpassed Guangdong for the first time in 45 years, becoming the top consumer province in China with a retail sales total of 46,394.2 billion yuan in 2025, marking a 3.3% year-on-year growth [2] - Jiangsu's GDP reached 142,351.5 billion yuan in 2025, growing by 5.3%, making it the second province after Guangdong to enter the "14 trillion yuan" club [2] Group 1: Consumption Growth Drivers - The "Su Super" league emerged as a significant driver of consumption in Jiangsu, generating 379.6 billion yuan in revenue across five service sectors during its first six rounds, a 42.7% increase year-on-year [3][4] - The league attracted over 2.43 million live spectators and 2.2 billion online viewers, with the final match alone generating 2.6 billion yuan in retail, dining, and accommodation transactions in Nanjing, a 20% increase [3][4] - Jiangsu's innovative service offerings during the league, such as special trains and free public transport for fans, contributed to a robust "ticket root economy" [3][4] Group 2: Night Economy and Service Sector Growth - The night economy in Jiangsu has seen significant growth, with service sector electricity consumption increasing by 15.5% since May 2025, indicating strong activity in this area [8] - Cultural and immersive experiences, such as themed night tours and local food promotions, have enhanced the attractiveness of night-time consumption [7][8] Group 3: Policy Support and Innovation - Jiangsu's comprehensive policy framework has been pivotal in driving consumption growth, with initiatives like the "first store economy" leading to over 800 new stores in 2025, including 17 national first stores [6] - The "old for new" policy has expanded to cover various product categories, significantly boosting consumer spending and participation from businesses [8] - Government subsidies for the "old for new" program have reached over 196 million yuan, facilitating sales of 1.52 billion yuan and promoting green and intelligent consumption [8] Group 4: Future Directions - Jiangsu aims to focus on six key areas for consumption growth in 2026, including transportation and domestic services, while also enhancing the "Su New Consumption + Su Super League" initiative [9] - The province plans to host over 3,000 promotional events and optimize existing policies to further stimulate consumer activity [9]

孙立坚（复旦大学金融研究中心主任） 消费是拉动经济增长的第一动力，服务消费作为消费升级的关键载体，正在成为中国经济增长的"结构 性变量"。当前，我国人均GDP已突破1.3万美元，居民消费需求从"物质型"向"服务型"加速转型，2025 年居民人均服务性消费支出占比达46.1%，服务零售额增速持续高于商品零售额。当前，加快培育服务 消费新增长点，推动服务消费提质扩容，既是顺应居民消费升级的必然选择，更是增强经济内生动力、 实现产业结构优化升级的战略突破口。本文立足"为何是它、怎么做"的逻辑主线，系统剖析服务消费成 为经济新动能的深层逻辑，直面现实堵点，把握多维机遇，提出打造现代化的服务消费供给体系，为激 活服务消费增长潜力、赋能经济高质量发展提供系统性思路。 三重逻辑：服务消费为何是关键 服务消费能成为中国经济高质量发展的新动能，是居民需求升级、经济结构转型、政策持续赋能三重逻 辑叠加的结果，兼具民生与经济双重属性，是推动发展与改善民生的重要抓手。 居民消费升级为服务消费筑牢需求根基，场景经济释放乘数效应。随着居民可支配收入增长，消费需求 从"满足基本生活"向"追求品质体验"转变，服务消费需求弹性持续提升。刚性领 ...

Group 1: Economic Growth and Consumer Trends - Consumption is identified as the core engine driving economic growth in Shanghai, with the "14th Five-Year Plan" emphasizing the development of an international consumption center [1] - In 2022, inbound tourists generated approximately $15 billion in consumption, a 35% increase from the previous year's $11.09 billion, contributing significantly to a 4.6% growth in the city's total retail sales [2] - The average spending per inbound tourist is around $1,000, indicating substantial potential for growth compared to international benchmarks where average spending can reach $2,000 to $3,000 [3][4] Group 2: Enhancing Inbound Consumption - The Shanghai government aims to establish the city as the "first city for inbound consumption," focusing on enhancing tourism, tax refunds for outbound travelers, and cross-border payment facilitation [2] - There is a recognized need to convert tourist flow into tangible consumption, with representatives noting that Shanghai's inbound consumption market has significant room for development compared to cities like New York [2][3] Group 3: Experience and Event-Driven Consumption - A shift towards experience-based activities is noted, with younger inbound tourists showing a preference for social and experiential activities over traditional shopping [3] - Suggestions include creating more diverse experience projects and enhancing the integration of cultural, sports, and exhibition events to form a "consumption closed loop" [3][4] Group 4: Optimizing Consumption Ecosystem - Recommendations include upgrading supply scenarios to create a more engaging consumption ecosystem, focusing on emotional resonance and value co-creation [4] - Specific proposals involve enhancing the inbound experience at airports and optimizing traditional cultural consumption sites to attract international tourists [5] Group 5: Cultural and Event Integration - The government plans to organize various consumption events, such as the "Five-Five Shopping Festival" and "Shanghai Summer International Consumption Season," to stimulate economic activity [6] - The success of exhibitions, such as the "Pyramid of Giza" exhibition, demonstrates the potential for cultural events to significantly boost local economies, with a reported economic impact ratio of 1:48 [6] Group 6: Market Development and Innovation - The city is encouraged to develop a matrix of themed markets and enhance the quality of small shops to better meet consumer demands and avoid homogenization [9][10] - Financial support and innovative policies are suggested to alleviate operational burdens on small businesses, which are seen as vital to the city's economic and cultural vitality [10]

Core Viewpoint - Service consumption is becoming a structural variable in China's economic growth, driven by the transformation of consumer demand from material to service-oriented, with a projected increase in per capita service consumption expenditure to 46.1% by 2025 [2] Group 1: Reasons for Service Consumption as a Key Driver - The combination of resident demand upgrades, economic structure transformation, and continuous policy support creates a robust foundation for service consumption [3] - The aging population and the growing number of young children in China are driving demand for essential services like elderly care and childcare, with the domestic housekeeping industry expected to create over 30 million jobs by 2024 [3] - Experience-based consumption in sectors like tourism and health is expected to generate significant economic activity, with leisure tourism revenue projected to reach 450 billion yuan during the 2025-2026 winter season [3] Group 2: Economic Structure and Trust - The service sector has become the largest industry in China's economy, with its unique non-standard nature influencing consumer behavior and market dynamics [4] - Establishing a unified service standard and a reliable credit system is essential for enhancing service quality and consumer trust, which are critical for unlocking potential demand [4] Group 3: Policy Support and Institutional Framework - The policy framework has shifted from merely stimulating demand to a dual focus on supply and demand collaboration, with significant improvements in areas like medical and educational market access [4] - By 2025, the sales of tax refund goods for outbound travelers are expected to increase by 95.9%, indicating a growing emphasis on enhancing consumer infrastructure [4] Group 4: Challenges and Opportunities - Despite rapid growth in service consumption, issues such as structural mismatches in supply and demand, quality concerns, and consumer confidence need to be addressed [5] - The integration of AI and big data in service consumption can help overcome challenges related to non-standard services, enhancing precision and efficiency in service delivery [5] Group 5: Modernization of Supply System - The modernization of the service supply system is crucial, focusing on making services affordable, accessible, and trustworthy [6] - Emphasizing the development of a professional workforce in essential service areas like elderly care and childcare is vital for meeting growing demand [6] Group 6: Institutional Improvement and Market Integration - The establishment of a unified national market can reduce transaction costs and facilitate the replication of quality services across regions [7] - Continuous efforts to optimize the business environment for private enterprises and enhance service standards are necessary for fostering a safe and fair consumption environment [7] Group 7: Open Cooperation and Trade Upgrading - Promoting high standards in service trade and enhancing cross-border payment systems can lower costs and improve efficiency in service consumption [8] - The focus on integrating regional economies and enhancing service resource collaboration can lead to improved supply efficiency and quality [8] Group 8: Focus on Livelihood and Essential Services - The aging population is shifting service consumption from optional to essential, creating stable demand for healthcare and related services [9] - Strengthening social security systems and expanding coverage can enhance consumer confidence and support service consumption growth [9] Group 9: Long-term Economic Growth - Service consumption is positioned as a new engine for economic growth, with significant potential for expansion and development [10] - The successful transformation of service consumption into a long-term economic driver depends on building a modern supply system that ensures quality, trust, and accessibility [10]

Group 1 - The core idea of the articles highlights the significant growth and commercialization of the Jiangsu Provincial Football League (Su Super League), with a notable increase in sponsors from 6 to 24, including major international brands like Adidas [1][2] - The league is making efforts to remain accessible to small businesses, allowing them to participate with a low entry fee of 50,000 yuan, thus promoting inclusivity and community engagement [1][2] - The Su Super League has achieved impressive viewership statistics, with over 2.43 million attendees and more than 2.2 billion online views during the 2025 season, indicating a strong interest in football at the grassroots level [3] Group 2 - The league's development is contributing to a more comprehensive football ecosystem in China, integrating professional, youth training, and community involvement, which is essential for the sport's growth [4] - The Su Super League aims to maintain its local identity and community roots while expanding, emphasizing the importance of grassroots football in the overall development of Chinese sports [5] - The league's success is seen as a reflection of the broader trend towards making sports more integrated into daily life in China, aligning with the vision of sports being a part of everyday culture [5]

2月2日是江苏省十四届人大五次会议代表报到的日子。"苏大强"的13个兄弟姐妹全部到齐。一进住地，来自13个市代表团的代表们就被记者团团围住，而 大家口中总有一个共同的热词"苏超"。代表们不约而同为自己的家乡代言打CALL，为2026年的"苏超"提前摇人。 【南京】 南京途科技有限公司(途旅游)席执官于敦德代表： 这么近那么亲，周末到南京！ "这么近那么亲，周末到南京！"于敦德用一句网络流行语，向广大网友推荐南京。 于敦德告诉记者，去年"苏超"期间，他有幸现场观看了南京队对战宿迁队的比赛。当晚南京奥体中心有超过6万名观众，刷新了"苏超"现场观众记录，而 比赛中场关于南京文旅特色展示，也令人印象深刻。在"苏超"的带动下，南京文旅消费也有了明显增长。 于敦德介绍，根据最近发布的南京春节期间暖心惠民十条举措中，春节期间南京将有600多场丰富的文旅活动，且游客可以凭来宁机票、火车票享受景区 门票、酒店住宿等优惠。 【无锡】 宜兴紫砂工艺厂工人许艳春代表： 紫砂文化借势"破圈"，从工艺领域走进体育视野 【徐州】 徐州市体育运动学校教练员，国家残奥乒乓球队教练员衡新代表： 建议2026年制作"苏超"官方攻略 "俺们徐州是刘 ...

距离2026年春节假期只剩2周左右时间，春节促消费迎来了重磅利好！ 《每日经济新闻》记者梳理发现，去年末，财政部、商务部、国家税务总局对外发布通知称，为进一步 激发消费需求，释放消费潜力，三部门将支持50个左右城市开展有奖发票试点工作，政策实施期为6个 月。 2月2日，据商务部官网消息，近日，商务部等9单位印发了《2026"乐购新春"春节特别活动方案》的通 知（以下简称活动方案），活动时间从2月15日至23日。 通知称，试点城市对个人消费者以本人名义向零售、餐饮、住宿、文化艺术、娱乐、旅游、体育、居民 服务业等行业的经营主体购买商品和服务，且取得的票面金额在一定额度以上的发票组织抽奖。 值得关注的是，活动方案包含好吃、好住、好行、好游、好购、好玩六个部分，聚焦与老百姓生活息息 相关的中华美食、交通出行、旅游消费、文艺展演等多方面组织丰富多彩的活动。并从以旧换新、金融 支持、跨界融合等方面推出系列支持举措。 中国消费经济学会副理事长、北京工商大学商业经济研究所所长洪涛接受《每日经济新闻》记者电话采 访时表示，首先，与往年相比，2026年春节假期时间更长，人们有更加充裕的时间规划旅游出行，更好 满足人们吃穿住行等 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies Core Insights - The "Work Plan" issued by the State Council aims to accelerate the cultivation of new growth points in service consumption, focusing on six key areas and three potential areas, which is expected to open up incremental space for service consumption [3][6] - By 2025, the per capita service consumption expenditure in China is projected to reach 13,602 yuan, with a year-on-year increase of 4.5%, accounting for 46.1% of total per capita consumption expenditure [3][11] - The domestic tourism market is expected to see 6.522 billion trips in 2025, a year-on-year increase of 16.2% [3][14] - The ice and snow industry is projected to generate over 187.5 billion yuan in consumption during the 2024-2025 season, with a growth rate exceeding 25% [3][30] - The emotional economy market in China is expected to reach 23,077.67 billion yuan in 2024 and surpass 45,000 billion yuan by 2029 [3][36] Summary by Relevant Sections Service Consumption Growth - The "Work Plan" focuses on optimizing service supply and fostering new service consumption models, particularly in transportation, housekeeping, automotive aftermarket, online audio-visual services, travel services, and inbound consumption [3][6] - The report highlights the increasing contribution of final consumption expenditure to economic growth, projected to be 52% in 2025, up by 5 percentage points from 2024 [9] Market Performance - The median price-to-earnings (P/E) ratio for the North Exchange service consumption sector decreased from 48.2X to 47.7X, with a total market capitalization dropping from 114.684 billion yuan to 112.981 billion yuan [46][51] - The median market cap for companies in this sector fell from 2.038 billion yuan to 1.978 billion yuan [51] Company Insights - Notable companies in the service consumption sector include: - Elderly care: Zhisheng Information, Beiyikang - Sports: Huayang Racing, Kangbiter - Tourism: Meiya Technology - Emotional/experiential consumption: Taihu Snow, Lusi Co., Baixinglong - Education: Digital Human, Tonghui Information - Online audio-visual: Xiange International, Haifiman - Apparel: Zhongfangbiao, Tianfangbiao [3][40] Performance Highlights - The report indicates that 29% of companies in the North Exchange service consumption sector saw stock price increases, with the median stock price change being -2.41% [46] - Top performers included Qiule Seed Industry (+22.55%), Kangnong Seed Industry (+13.50%), and Oufu Egg Industry (+7.05%) [46][56]

格隆汇2月2日丨力盛体育(002858.SZ)公布，截至2026年1月31日，公司通过回购专用证券账户以集中竞 价交易方式回购公司股份1,828,500股，占公司总股本的1.1155%，最高成交价为16.4000元/股，最低成 交价为12.3000元/股，成交总金额为23,935,111.00元（不含交易费用）。本次回购符合相关法律法规的 要求，符合公司既定的回购方案。 ...