21世纪经济报道记者 唐婧 据新华社，7月31日召开的国务院常务会议，部署实施个人消费贷款贴息政策与服务业经营主体贷款贴 息政策。会议指出，对个人消费贷款和服务业经营主体贷款进行贴息，有利于通过财政金融联动的方 式，降低居民信贷成本和服务业经营主体融资成本，更好激发消费潜力、提升市场活力。 而就在前一天，中央政治局会议指出，货币政策要保持流动性充裕，促进社会综合融资成本下行。会议 还强调，要有效释放内需潜力。深入实施提振消费专项行动，在扩大商品消费的同时，培育服务消费新 的增长点。在保障改善民生中扩大消费需求。 素喜智研高级研究员苏筱芮告诉记者，这两项贴息政策，可以视作金融领域的"国补"，对于有切实消费 需求的居民而言，能够有效减轻其信贷负担，而对于服务业经营主体贷款的贴息政策，则是对服务型消 费加大支持力度的重要体现。 "这两项贷款贴息政策，分别从供需两端发力提振消费。"中国社科院财经战略研究院财政研究室主任何 代欣表示，其中，对服务业经营主体贷款进行贴息，有助于为相关经营主体提供更多支持，扩大优质服 务供给，进一步促进服务消费。中国社会科学院金融研究所近期也发表观点称，不同于一般商品符合同 质化供给增加、 ...

7月31日召开的国务院常务会议强调，要锚定全年发展目标任务，加力提升宏观政策效能，持续攻坚破 解难题，下更大力气抓好党中央决策部署的贯彻落实。 在中央政治局会议部署下半年经济工作的第二天，国务院常务会议随即部署抓落实。会议审议通过《关 于深入实施"人工智能+"行动的意见》，并部署实施个人消费贷款贴息政策与服务业经营主体贷款贴息 政策。 深入实施"人工智能+"行动 会议审议通过《关于深入实施"人工智能+"行动的意见》。 多位专家接据记者采访时表示，这一部署恰逢其时，直指人工智能作为"颠覆性技术"的战略价值——它 不仅将重塑人类生产生活方式，还将带来可观的经济效益。 北京大学经济学院教授苏剑表示，人工智能的影响力堪比当年的互联网革命，但其颠覆性更为深远。 "从经济发展看，它将渗透到制造业、服务业等全领域，重构生产流程、提升效率；从社会层面看，生 活方式、交往模式都将被重新定义；而在全球竞争维度，它已成为战略新兴产业的'必争之地'。"苏剑 认为。 西南财经大学经济学院教授、政治经济学研究所所长吴垠认为，近年来，我国加强对深度学习算法、自 然语言处理、计算机视觉等核心技术的研发，形成交叉学科突破，推动人工智能技术持续 ...

Core Viewpoint - The article discusses JD's acquisition of Dada and its implications for the local life service sector, suggesting that JD aims to replicate Meituan's success by integrating Dada into its ecosystem and enhancing its instant retail strategy [2][25]. Group 1: Acquisition and Integration - Dada has been rebranded as the Local Life Service Group under JD, indicating a strategic upgrade in JD's instant retail approach and the end of the "Dada era" [2][5]. - JD completed the acquisition of Dada for a valuation of $520 million, with the share price dropping significantly from its IPO price of $16 to $2, reflecting market concerns over Dada's financial integrity [7][12]. - Dada's internal financial discrepancies led to a significant drop in stock price, with a reported revenue inflation of approximately 568 million yuan and operational cost inflation of about 576 million yuan [8][17]. Group 2: Historical Context and Development - Dada's journey includes its founding in 2014, merging with JD's O2O subsidiary in 2016, going public in 2020, and finally being privatized in 2025 [10][4]. - JD's shareholding in Dada increased over time, reaching 63.2% after acquiring shares from Walmart, which aligns with JD's broader strategy to enhance its instant retail capabilities [17][18]. Group 3: Strategic Focus and Future Plans - JD's strategy is shifting from direct competition in the food delivery market to focusing on supply chain integration and operational efficiency across various sectors, including food delivery, travel, and home services [25][22]. - The appointment of "Old K" Guo Qing, a former Meituan executive, is seen as a strategic move to bolster JD's capabilities in the local life service sector [20][21]. - JD's new self-operated brand "Seven Fresh Kitchen" aims to provide a unique dining experience, indicating a shift towards a more integrated supply chain model [23][24].

Core Insights - The new profession of home service managers is emerging as part of a broader transformation in the home service industry, which is moving towards professionalization and standardization due to upgraded social demands [1] Group 1: Industry Overview - The home service industry in China has a market size exceeding 1.1 trillion yuan, with over 30 million practitioners and an actual demand exceeding 50 million [1] - As of late July, there are 2.8944 million existing home service-related enterprises in China, with 40.36% located in the East China region [2] Group 2: Enterprise Formation - Nearly 50% of existing home service-related enterprises were established in the last three years, with 29.13% founded 1-3 years ago and 16.92% established within the last year [3] - A total of 275,100 new home service-related enterprises have been registered this year, with 23.57% located in new first-tier cities [4]

Group 1 - The core viewpoint of the article highlights the shift in employment trends among university graduates, with a significant number now entering blue-collar jobs, reflecting a change in societal perceptions and job market dynamics [4][5][54] - In 2023, over half of the summer graduates have joined manufacturing positions, indicating a growing acceptance of blue-collar work among educated youth [4][17] - The average monthly income for blue-collar workers in 2023 is reported to be 6,043 yuan, which is higher than the average monthly income of 5,695 yuan for urban private sector employees [23][27] Group 2 - The article discusses the increasing number of university graduates pursuing blue-collar jobs, with a 165% increase in job applications for blue-collar positions among those under 25 since 2019 [17][18] - The narrative around blue-collar work is evolving, with many graduates finding satisfaction and higher earnings in these roles, challenging traditional views of job prestige [18][54] - The demand for skilled blue-collar workers is rising, particularly in sectors like manufacturing, where there is a projected talent gap of nearly 30 million by 2025 [46][50] Group 3 - The article emphasizes that the definition of blue-collar work is changing, with many positions now requiring advanced skills and knowledge, such as in high-tech manufacturing and modern service industries [50][52] - The trend of university graduates entering blue-collar jobs is seen as a response to the oversaturation of the job market for white-collar positions, leading to a reevaluation of career paths [46][54] - The discussion around the perceived devaluation of degrees is framed as a reflection of changing labor market needs rather than a failure of higher education [40][54]

Group 1 - The Ministry of Commerce and other nine departments have issued a "2025 Home Service and Agriculture Action Work Plan" to enhance home service supply and promote consumption, contributing to rural revitalization [1] - The plan includes 14 tasks focusing on supporting rural labor in home service employment, improving skills, and integrating vocational education with the home service industry [1] - It emphasizes the need for better employment security for rural labor in home services, including housing support and social security, to facilitate their integration into urban areas [1] Group 2 - The home service industry is seeing an increase in the proportion of young workers, with significant interest from entrepreneurial enterprises [2] - The industry is expected to exceed 2 trillion yuan by 2025, driven by strong demand in segments like elderly care and maternal and infant services [2] - Digital platforms are empowering home service entrepreneurs, enhancing market access and service quality, with 58 Daojia reporting a 60% reduction in average order distance and improved service efficiency [2] - 58 Daojia offers comprehensive vocational training with 78 courses across five major job categories, achieving over 90% employment success for trainees, and 74% of participants report salary increases post-training [2] - The Ministry of Commerce plans to implement policies to further leverage the home service industry for improving livelihoods, stabilizing employment, and promoting consumption [2]

Group 1 - The article discusses the phenomenon of educational inflation in China, highlighting how job requirements have escalated to demand higher educational qualifications even for low-skilled positions [1][2][4] - It notes that the number of college graduates has dramatically increased from 450,000 in 1982 to 12.22 million in 2023, a 27-fold increase, while job opportunities have not kept pace [4][10] - The article emphasizes that this educational inflation is not limited to white-collar jobs but has also permeated blue-collar positions, with many employers now requiring higher degrees for roles traditionally filled by lower-educated workers [6][10] Group 2 - The article identifies three main reasons for educational inflation: the rapid expansion of higher education outpacing job growth, economic transitions leading to a demand for higher qualifications, and companies using educational requirements as a shortcut in the hiring process [10][12][13] - It provides historical context, comparing China's situation to that of the United States and Japan, where similar trends occurred during economic shifts [12][13] - The article highlights the psychological impact of educational inflation, where the belief that higher education guarantees better job prospects is increasingly challenged, leading to disillusionment among graduates [14][16] Group 3 - The article suggests that educational inflation does not equate to the uselessness of degrees but rather indicates a shift in how educational qualifications are valued, emphasizing the need for skills alongside degrees [19][20] - It offers practical advice for students and job seekers, recommending the selection of niche majors, the conversion of educational advantages into skill advantages, and the exploration of flexible employment opportunities [19][21][24] - The conclusion stresses that while the value of degrees may have diminished, the potential for individuals to leverage their skills and education remains significant, allowing for diverse career paths [25][26]

Group 1 - The establishment of the "American Party" by Elon Musk is seen as a response to the current political landscape, with Musk claiming the country is in a state of a single-party system due to waste and corruption [2][33] - Musk's political ambitions may face significant challenges, as he is unlikely to secure any electoral votes in upcoming elections [33] Group 2 - The Chinese government has implemented measures targeting medical devices imported from the EU, effective from July 6, 2025, which will affect procurement processes for medical equipment [3][5] - The measures specifically exclude products produced by European-funded enterprises in China, indicating a focus on imported goods rather than domestic production [5] Group 3 - The Chinese government has launched a plan to enhance the home service industry, with 14 specific tasks aimed at improving quality and expanding capacity, contributing to rural revitalization [6] - The plan includes measures to ensure employment security for rural laborers in the home service sector and improve their access to public services [6] Group 4 - The State-owned Assets Supervision and Administration Commission (SASAC) has issued guidelines to promote brand building among central enterprises, aiming for significant improvements in brand value by 2030 and 2035 [8] - The initiative emphasizes the importance of brand influence and competitiveness in the global market [8] Group 5 - The Hong Kong stock market has seen a significant increase in IPO fundraising, with over HKD 107 billion raised in the first half of the year, marking a 22% increase compared to the previous year [14] - The surge in IPO activity is primarily driven by investor interest in technology stocks [14] Group 6 - The domestic weight loss drug market is experiencing a shift with the introduction of the domestic GLP-1 weight loss drug, which may lead to increased competition for global giants like Novo Nordisk and Eli Lilly [34] - The pricing of weight loss drugs in China is currently high, but the entry of more products could lead to price reductions and potential inclusion in health insurance [34]

Group 1: Service Consumption Trends - The summer season has seen an increase in service consumption, particularly in tourism and home services, contributing significantly to economic growth and employment [1][3] - The Ministry of Commerce launched the "Service Consumption Season" initiative for 2025, aiming to promote the integration of various service sectors such as tourism, food, sports, and digital services [1][2] - Live streaming has become a popular platform for purchasing travel products, with significant sales growth reported during the "618" shopping festival, particularly for theme park and cruise products [1][2] Group 2: Innovations in Tourism and Entertainment - The integration of different tourism experiences, such as the collaboration between Haichang Ocean Park and Xiangyuan Holdings, aims to create a comprehensive consumption experience [2] - The upcoming opening of Shanghai Lego Land has generated high search interest on travel platforms, indicating strong demand for IP-driven entertainment [2] - The film industry is preparing for a robust summer season, with over 60 films scheduled for release, and initiatives to boost movie consumption [2] Group 3: Home Service Sector Developments - The demand for home services is increasing, particularly for flexible labor options like hourly workers, as families seek assistance during the summer [3][4] - Digital technologies are being leveraged to enhance service delivery and improve matching efficiency between service providers and clients [3][4] - The government is promoting the expansion and quality improvement of home services, recognizing it as a new growth point for service consumption [3][4] Group 4: Sports and Events Impact - The inaugural Jiangsu City Football League has become a popular sports IP, driving local tourism and consumption through innovative ticketing and promotional packages [5][6] - The sports sector is expected to benefit from increased investment and development of various sports events, with significant economic returns projected from sports spending [5][6] - The government is encouraging the organization of more sports events and enhancing the infrastructure for outdoor and recreational activities [6]

Core Viewpoint - The article emphasizes the significant investment opportunities in the service industry, highlighting a potential investment gap of approximately 3.3 trillion yuan due to the disparity between actual and potential service consumption [2][10]. Group 1: Demand Increment "Blue Ocean" - The current service industry investment has a potential gap of 3.3 trillion yuan, with a projected shortfall in per capita service consumption of 2,093 yuan in 2024, translating to nearly 30 trillion yuan nationwide [2][10]. - The decline in consumer time due to "involution" is a short-term constraint on service consumption recovery, but policies encouraging paid leave and flexible work arrangements are expected to mitigate this trend [2][3][33]. Group 2: International Experience in Demand-Driven Supply - Global experiences indicate that as consumer preferences shift from goods to services, a positive feedback loop is created, driving supply and investment growth [4][68]. - In Japan, service industry investment surged after entering an aging society, with service investment as a percentage of total investment rising to 11.6% when GDP reached 20,000 USD [4][90]. Group 3: Investment Opportunities in Specific Areas - The demand for household services, particularly in the domestic service sector, is on the rise, with significant investment potential in areas like housekeeping and elderly care [5][96]. - The service industry in China is currently more focused on corporate services, with a low proportion of value added from lifestyle services, indicating a need for greater attention to consumer demand [7][128]. - The effective supply of services in sectors like health and entertainment has been insufficient, leading to a significant gap between supply and demand [8][141]. Group 4: Future Investment Trends - The service industry is expected to see accelerated investment growth as private investment shifts from manufacturing to services, with notable increases in sectors like health and entertainment [8][158]. - The article suggests that the aging population will drive demand for "age-friendly" services, creating further investment opportunities in related sectors [6][113].