Core Viewpoint - The Ministry of Commerce and nine other departments have issued policies to expand service consumption, emphasizing high-level opening of the service industry [1] Group 1: Policy Measures - The policies aim to promote orderly opening in sectors such as the internet and culture, while expanding pilot programs in telecommunications, healthcare, and education [1] - There is a focus on accelerating the comprehensive pilot demonstration for expanding service industry openness [1] - The initiative supports including more service consumption areas in the "Encouraged Foreign Investment Industry Directory" to provide differentiated service supply [1]

Core Viewpoint - The article emphasizes the importance of service consumption in improving people's livelihoods and driving economic transformation, proposing measures to boost consumption and expand domestic demand [1] Group 1: Cultivating Service Consumption Promotion Platforms - Implementation of the "Service Consumption Quality Improvement and Benefit Action" to enhance policy support, build platforms, and optimize the consumption environment [2] - Development of pilot cities for new service consumption formats and scenarios, promoting innovative service consumption landscapes [2] Group 2: Enriching High-Quality Service Supply - Expansion of high-level opening up in the service industry, particularly in internet, culture, telecommunications, and healthcare sectors [3] - Support for cultural and artistic sectors through funding and resource utilization to enhance cultural product supply [3] - Encouragement of foreign sports events and local mass sports events to create well-known sports brands [3] Group 3: Stimulating New Service Consumption Growth - Attraction of more foreign visitors for consumption through visa policy optimization and promotion of cultural resources [4] - Expansion of digital service consumption and support for e-commerce platforms to innovate online and offline integration [4] - Adjustment of student holiday arrangements to increase service consumption opportunities [4] Group 4: Strengthening Financial Support - Utilization of various funding channels to support the construction of service facilities in culture, tourism, and sports [5] - Encouragement of financial institutions to increase credit support for service consumption sectors [5] - Implementation of consumption credit support measures to reduce financing costs for service industry operators [5] Group 5: Improving Statistical Monitoring Systems - Optimization of service consumption statistical methods to reflect regional development accurately [6] - Encouragement of the use of big data for monitoring and analysis of service consumption [6]

Core Viewpoint - The article emphasizes the importance of service consumption in improving people's livelihoods and driving economic transformation, proposing measures to boost consumption and expand domestic demand [1]. Group 1: Cultivating Service Consumption Promotion Platforms - Implementation of the "Service Consumption Quality Improvement and Benefit Action" to enhance policy support, build platforms, and optimize the consumption environment [2]. - Development of pilot cities for new service consumption formats and scenarios, promoting innovative service consumption landscapes [2]. Group 2: Enriching High-Quality Service Supply - Expansion of high-level opening up in the service industry, particularly in internet, culture, telecommunications, and healthcare sectors [3]. - Support for cultural and artistic sectors through funding and resource utilization to create impactful cultural events and exhibitions [3]. - Encouragement of foreign sports events and local mass sports events to enhance service consumption through sports tourism [3]. Group 3: Stimulating New Service Consumption Growth - Attraction of more foreign visitors through optimized visa policies and promotion of cultural resources [4]. - Expansion of digital service consumption by encouraging e-commerce platforms to innovate in online and offline integration [4]. - Adjustment of school holiday schedules to increase opportunities for tourism and service consumption [4]. Group 4: Strengthening Financial Support - Utilization of various funding channels to support the construction of service facilities in culture, tourism, and sports [5]. - Promotion of service trade innovation through market-oriented investment in service consumption enterprises [5]. - Enhancement of consumer credit support to stimulate service consumption through government and financial institution collaboration [5]. Group 5: Improving Statistical Monitoring Systems - Optimization of service consumption statistical methods to reflect regional development accurately [6]. - Encouragement of the use of big data for monitoring and analyzing service consumption trends [6].

Group 1 - The core viewpoint emphasizes the need to strengthen support for the private economy to effectively address challenges in the "dual circulation" strategy, which aims to enhance domestic demand and international trade [1][4] - The "14th Five-Year Plan" focuses on establishing a new development pattern that prioritizes domestic circulation while promoting international circulation, but faces challenges such as insufficient effective demand and increasing global trade protectionism [1][3] - The private economy is identified as a crucial driver for job creation and economic growth, contributing over 80% of urban employment, particularly in the service sector [3][4] Group 2 - Despite recent policies aimed at boosting consumption, high savings rates and low consumption rates indicate persistent economic issues, primarily due to weak investment willingness and confidence among private enterprises [3][4] - The need for a supportive environment for private enterprises is highlighted, including legal governance, equal treatment with state-owned enterprises, and a clear delineation of roles in the economy [4][8] - The "15th Five-Year Plan" should focus on enhancing the private sector's investment capacity to stabilize employment and income, thereby fostering consumer confidence [3][4] Group 3 - The article discusses the structural contradictions in the economy, where some industries face oversupply while others lack quality products and services, leading to "involution" in competition [6][7] - It suggests that private enterprises, being more responsive to market demands, are essential for driving innovation and optimizing supply to overcome competitive pressures [7][8] - Service consumption is identified as a significant area for expanding domestic demand, with a projected growth rate of 6.2% in service retail in 2024, outpacing goods retail [7][8] Group 4 - The article emphasizes the importance of private enterprises in international trade, noting that they accounted for 55.5% of China's total foreign trade in 2024, with a year-on-year growth of 8.8% [10][11] - It highlights the need for private enterprises to diversify their global market strategies, especially in light of increasing trade protectionism [10][11] - The article advocates for a balanced approach in overseas operations, encouraging private enterprises to create local employment and contribute to local economies for sustainable development [11]

Core Viewpoint - The "dual circulation" strategy is essential for China's economic transformation, focusing on domestic circulation while addressing external challenges [1] Group 1: Domestic Economic Challenges - Insufficient effective demand is a bottleneck for economic growth, exacerbated by global trade protectionism [1] - The lack of investment willingness and confidence among private enterprises is a key issue affecting employment and consumption [2][3] - Private enterprises contribute over 80% of urban employment, making their growth crucial for stabilizing jobs and income [2] Group 2: Policy Recommendations - The "14th Five-Year Plan" should enhance support for the private economy through top-level design [3] - Emphasizing respect and support for private enterprises in government policies is necessary [3] - Legal governance must be strengthened to prevent arbitrary administrative actions that harm the business environment [3] Group 3: Innovation and Service Consumption - The current economic landscape faces structural contradictions, with some industries over-supplied and others lacking quality products [6] - Private enterprises are seen as key players in driving innovation and meeting market demands, thus alleviating "involution" competition [6] - Service consumption is a significant area for expanding domestic demand, with potential growth in sectors like healthcare and education [7] Group 4: Role of Private Enterprises in Foreign Trade - Private enterprises are crucial in China's foreign trade, accounting for 55.5% of total trade value in 2024, with a year-on-year growth of 8.8% [8] - The market-oriented nature of private enterprises allows them to better navigate international trade challenges and expand into new markets [8][9] - Emphasizing mutual benefits and local engagement is essential for sustainable international operations of Chinese enterprises [9]

Core Insights - China's service consumption growth has outpaced that of goods consumption, indicating a significant shift in economic structure towards a service-oriented economy [1][4] - The average annual growth rate of service consumption expenditure from 2020 to 2024 is projected to be 9.6%, with 46% of consumer spending now allocated to services [2][4] Economic Structure Impact - The increasing importance of the service sector in the national economy is highlighted by the average service industry value-added ratio of 54.6% over the past decade, which is expected to rise further due to rapid service consumption growth [4] - This shift reflects a change in consumer attitudes from material goods to higher-quality life experiences, driving demand in sectors like tourism, culture, and health services, thus stimulating related industries and promoting economic resilience [4] Global Trends in Service Consumption - Global service consumption is trending towards digitalization, sustainability, personalization, and experience-oriented services, with China leading in areas such as mobile payments and shared economy models [5][6] - The rise of digital services is supported by advancements in AI, 5G, and other technologies, which have accelerated demand for remote services like online education and digital healthcare [5][6] Emerging "Dark Horse" Sectors - Future growth in China's service consumption is expected in sectors such as the silver economy, sports consumption, and AI-integrated services, driven by demographic changes and technological innovation [8][9] - The silver economy will see increased demand for elder care, health management, and community services as the population ages [8] - Sports consumption is poised for growth through innovations in venues and events, while AI will create new service models in health, education, and legal sectors [8][9] Opportunities for Multinational Companies - The rising demand for high-end medical, financial, and digital entertainment services in China presents new opportunities for multinational companies to leverage their expertise and technology [11] - Companies in pharmaceuticals and medical devices can engage in precision medicine and anti-aging treatments, while financial institutions can focus on wealth management and green finance [11] Service Trade Cooperation - The recent service trade fair attracted nearly 2,000 exhibitors, providing a platform for countries to showcase their capabilities in digital, green, and professional services [12] - The fair aims to facilitate deep integration of industrial, innovation, and service chains, promoting a sustainable global service trade landscape [12]

Group 1 - The core viewpoint emphasizes the importance of private investment as a key driver for stabilizing economic growth and employment [2][3] - The State Council meeting led by Premier Li Qiang on September 12 outlined measures to promote private investment, focusing on addressing enterprise concerns and expanding investment opportunities [3][4] - The National Development and Reform Commission (NDRC) plans to introduce policies to facilitate private investment in major national projects, including minimum shareholding requirements for private capital in significant sectors like railways and nuclear power [3][4] Group 2 - Private investment in China, excluding real estate, grew by 3.9% in the first seven months of this year, with notable increases in sectors such as accommodation and catering (19.6%), infrastructure (8.8%), and culture, sports, and entertainment (8.1%) [4] - The NDRC's project promotion platform currently showcases 12,128 projects with a total investment of 10.26 trillion yuan, covering both traditional sectors and emerging industries like artificial intelligence and low-altitude economy [4] - Recent trends indicate a strong interest from private capital in new and future industries, with a focus on sectors such as new infrastructure, artificial intelligence, and quantum information [5] Group 3 - The government aims to create a fair competitive market environment by eliminating hidden barriers to private investment and enhancing innovation and financing support [7] - The release of the "Negative List for Market Access (2025 Edition)" aims to simplify market entry for private enterprises, with a focus on reducing restrictions and enhancing transparency [7][8] - Ongoing efforts to clear market access barriers are intended to establish a stable and predictable development environment for private enterprises, encouraging them to invest in broader fields [8]

经济观察网9月11日，国务院新闻办公室举行新闻发布会。商务部副部长盛秋平表示，在进一步扩大数 字贸易相关对外开放方面，深化国内相关领域改革，推动电信、互联网、文化等数字贸易相关领域有序 扩大开放。 ...

Core Viewpoint - The Ministry of Commerce aims to enhance the management system for the negative list of cross-border service trade and expand pilot programs in telecommunications and healthcare, while steadily promoting autonomous openness in education and culture sectors [1] Group 1: Policy Initiatives - The Ministry of Commerce will establish a comprehensive negative list management system for cross-border service trade [1] - There will be a push to expand pilot programs in the telecommunications and healthcare sectors [1] - The Ministry is actively working towards joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement [1] Group 2: Development Environment - The Ministry plans to optimize the development environment by leveraging free trade pilot zones and other designated areas for testing and innovation [1] - There will be a focus on aligning with international high-standard trade rules and implementing domestic regulatory reference documents for service trade [1] - The goal is to create a transparent, stable, and predictable institutional environment for service trade [1] Group 3: International Cooperation - The Ministry will expand the international cooperation network for service trade and innovate cooperation methods [1] - There will be an emphasis on deepening cooperation in various fields and achieving practical cooperation outcomes [1] - The Ministry aims to utilize platforms such as the Service Trade Fair, China International Import Expo, and Digital Expo to enhance international economic and trade cooperation [1]

Group 1 - The 2025 China International Service Trade Fair (CIFT) commenced on September 10, 2025, at Shougang Park in Beijing, with expectations for the park's output to reach 100 billion yuan by the mid-point of the 14th Five-Year Plan [1] - Shougang Park currently hosts 1,007 enterprises, generating an annual output value of 75 billion yuan, with an average annual compound growth rate exceeding 20% [1] - The park is home to 138 sci-fi metaverse companies, leading the city in this sector, with an annual output exceeding 15 billion yuan [1] Group 2 - Shougang Park is focusing on the sustainable utilization of industrial heritage and Winter Olympic legacies, promoting diverse consumption formats such as exhibitions, sports, and culture [2] - The park hosts over 240 events annually, attracting more than 13 million visitors, and has been recognized as a national-level night culture and tourism consumption aggregation area [2] - Future projections indicate that by the end of the 14th Five-Year Plan, Shougang Park's output will reach 150 billion yuan, positioning it as a key area for Beijing's Zhongguancun world-leading technology park development [2] Group 3 - High-tech companies are increasingly attracted to Shougang Park, with the launch of the "Tao Zhu New Creation Bureau" robotics experience store by Shicheng Holdings [3] - Shicheng Holdings manages a 10 billion yuan robotics fund, investing in numerous robotics projects, including companies like Yushu and Galaxy General [3] - Post-CIFT 2025, Shijingshan District will initiate the "Exhibition Town" planning, enhancing venue renovations and improving smart management within the park [3]