来源：市场资讯 经营范围含技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；科技中介服务；人工智 能公共服务平台技术咨询服务；信息系统集成服务；物联网应用服务；会议及展览服务（出国办展须经 相关部门审批）；市政设施管理；酒店管理；物业管理；物业服务评估；家政服务；集贸市场管理服 务；建筑物清洁服务；专业保洁、清洗、消毒服务；租赁服务（不含许可类租赁服务）；停车场服务； 住宅水电安装维护服务；日用品销售；园林绿化工程施工；通用设备修理；电子、机械设备维护（不含 特种设备）；电动汽车充电基础设施运营；非居住房地产租赁；商业综合体管理服务；居民日常生活服 务；装卸搬运；劳务服务（不含劳务派遣）；柜台、摊位出租；礼仪服务；住房租赁；互联网销售（除 销售需要许可的商品）；计算机软硬件及辅助设备零售；日用百货销售；计算机系统服务（除依法须经 批准的项目外，凭营业执照依法自主开展经营活动） 企业名称徐州鹏川星科技有限公司法定代表人李蓝天注册资本2000万人民币国标行业租赁和商务服务业 >商务服务业>综合管理服务地址江苏省徐州市泉山区湖滨街道开元路公交首末站综合楼B-126企业类型 有限责任公司（自然人投资或控股的 ...

经营范围含名胜风景区管理；旅游开发项目策划咨询；信息咨询服务（不含许可类信息咨询服务）；农 村民间工艺及制品、休闲农业和乡村旅游资源的开发经营；游览景区管理；酒店管理；物业管理；会议 及展览服务（出国办展须经相关部门审批）；园区管理服务；航空商务服务；航空运输设备销售；市场 营销策划；社会经济咨询服务（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许可项 目：旅游业务（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门 批准文件或许可证件为准） 天眼查显示，近日，河南千峰览胜旅游有限公司成立，法定代表人为盛昌宏，注册资本1000万人民币， 上海千峰览胜旅游有限公司、洛阳源扩文化传媒有限公司持股。 序号股东名称持股比例1上海千峰览胜旅游有限公司70%2洛阳源扩文化传媒有限公司30% 企业名称河南千峰览胜旅游有限公司法定代表人盛昌宏注册资本1000万人民币国标行业租赁和商务服务 业>商务服务业>综合管理服务地址河南省洛阳市洛龙区开元大道224号00幢2-901企业类型其他有限责任 公司营业期限2026-2-2至无固定期限登记机关洛阳市洛龙区市场监督管理局 来源：市场资讯 ...

Core Viewpoint - In 2025, Zhengzhou's economy is projected to exceed 1.5 trillion yuan, demonstrating a stable and progressive development trend with a focus on high-quality growth [1] Economic Performance - The GDP of Zhengzhou in 2025 is estimated at 15,244.6 billion yuan, reflecting a year-on-year growth of 5.4% [1] - The primary industry added value is 189.9 billion yuan, growing by 3.7%; the secondary industry added value is 5,576.8 billion yuan, also growing by 5.4%; the tertiary industry added value is 9,477.8 billion yuan, with a growth rate of 5.4% [1] Production Supply - Agricultural production remains stable, with a total output value of agriculture, forestry, animal husbandry, and fishery increasing by 4% year-on-year [2] - The total grain output is 1.511 million tons, maintaining above 1.5 million tons for two consecutive years [2] - Industrial production shows robust growth, with the added value of large-scale industries increasing by 9% year-on-year, with over 70% of industries experiencing growth [2] Service Sector Development - The revenue of large-scale service industries increased by 10.1% year-on-year, with eight out of ten major sectors achieving positive growth [3] - Financial institutions' deposits reached 35,505.7 billion yuan, growing by 7.4%, while loans amounted to 41,660.5 billion yuan, increasing by 3.6% [3] Demand Release - Investment in major projects increased by 9.9% year-on-year, driving overall investment growth by 5.4 percentage points [4] - Industrial investment grew by 17.9% year-on-year, surpassing the provincial average by 4.6 percentage points [4] Consumer Market Growth - The total retail sales of consumer goods reached 6,629.4 billion yuan, with a year-on-year growth of 5% [5] - Retail sales of essential goods such as food and daily necessities saw significant increases, with food retail up by 21% [5] Foreign Trade - The total import and export volume reached 6,501.8 billion yuan, growing by 16.8% year-on-year, with exports increasing by 20.3% [6] Emerging Dynamics - The added value of high-tech manufacturing and strategic emerging industries grew by 14.9% and 11.8% respectively [7] - New consumption models such as live streaming and social e-commerce saw a year-on-year growth of 11.9% in retail sales through public networks [7] Quality and Efficiency Improvement - Public budget revenue reached 1,181.3 billion yuan, with social welfare and health spending increasing by 13.6% and 8% respectively [8] - Consumer price index (CPI) remained stable, with some categories experiencing price increases while others saw declines [8] Overall Economic Outlook - The economic outlook for Zhengzhou remains positive, with strong resilience and potential, although external uncertainties persist [9] - Future efforts will focus on enhancing technological innovation, industrial renewal, and urban development to support sustainable economic growth [9]

Economic Structure Insights - The "golden crossover" of new and old economies indicates that by 2025, the new economy's GDP share will rise to 20%, surpassing the old economy's 19.7%[11] - By 2026, residents' financial assets are expected to exceed the total value of urban residential properties for the first time, indicating a shift in wealth structure[12] Spending Intentions - Combined spending intentions of residents, government, and overseas sectors are projected to stabilize in 2024 and show a first increase in 2025, driven by strong export performance and increased fiscal counter-cyclical adjustments[13] Market Dynamics - Recent market volatility is attributed to sharp fluctuations in gold and silver prices, with A-share indices experiencing a significant drop of 0.96% on January 30, 2026, primarily due to external factors[15] - The probability of a significant market pullback post-volatility is considered low, as domestic economic recovery is ongoing and supportive policies remain in place[16] Debt Market Outlook - The bond market is experiencing a correction of pessimistic expectations, with a notable recovery in the long-end segment, driven by improved risk appetite and stable funding conditions[20] - The issuance pace of local government bonds is slower than expected, alleviating supply pressure in the bond market[21] Federal Reserve Policy - The Federal Reserve maintained the federal funds rate at 3.5%-3.75% in January 2026, signaling a shift to a "wait-and-see" approach regarding future rate cuts[25] - The Fed's recent statements reflect a more positive outlook on economic growth, with a focus on normalizing monetary policy rather than further rate cuts in the near term[26]

2025年，苏州统筹推进稳增长、调结构、促转型、强动能各项工作，全市经济稳健运行，"十四 五"实现圆满收官。 昨天（2月2日），苏州市统计局、国家统计局苏州调查队发布2025年苏州市经济运行情况。根据全 省地区生产总值统一核算结果，2025年全市实现地区生产总值27695.1亿元，按不变价格计算，比上年 增长5.4%。分产业看，第一产业增加值208.9亿元，增长4.5%；第二产业增加值12844.4亿元，增长 5.6%；第三产业增加值14641.8亿元，增长5.2%。 外贸韧性持续增强。深入实施"百团千企"出海行动，新兴市场增势强劲。全市进出口总额2.81万亿 元，比上年增长7.4%，其中对共建"一带一路"国家和地区进出口增长17.3%，占全市进出口总额比重达 45.0%。 增长动能跃升焕新 令人瞩目的是，苏州作为工业大市的优异表现，规模以上工业总产值达4.9万亿元，工业对经济增 长的贡献率高达53.0%，产业质态向新向优、根基越发坚实，新质生产力加速孕育成长，高质量发展成 效显著。 产业根基夯实加固 2025年，全市继续以新型工业化为主攻方向，加快构建"1030"产业体系，规模以上工业总产值 48966.4 ...

Core Insights - The province's service industry is projected to achieve a value-added of 29,383 billion yuan in 2025, reflecting a growth of 5.4% compared to the previous year, and accounting for 55.5% of the provincial GDP, an increase of 1.1 percentage points [1] Group 1: Transportation and Logistics - The transportation, warehousing, and postal sectors are expected to realize a value-added of 3,031 billion yuan, growing by 5.6%, contributing 10.5% to the overall service industry growth [1] - The multi-modal transport sector is accelerating, with revenue from large-scale multi-modal transport and transportation agency services increasing by 10.7% [1] - The container throughput at Wuhu Port has surpassed 1.8 million TEUs for the first time, and the China-Europe Railway Express (Hefei) has operated 1,002 trains, marking a growth of 10.3% [1] Group 2: Information Technology - The information transmission, software, and IT services sector is projected to achieve a value-added of 1,596 billion yuan, growing by 6.7%, contributing 6.5% to the service industry growth [1] - Revenue from large-scale information transmission, software, and IT service enterprises has increased by 7.2%, with internet and related services growing by 21.4% and software and IT services by 7.8% [1] Group 3: Tax Revenue Contribution - The tax revenue from the service industry is expected to reach 2,628.7 billion yuan, reversing a decline of 1.4% from the previous year to a growth of 0.6% [1] - Tax revenues from scientific research and technical services, leasing and business services, and information transmission/software and IT services have increased by 26.3%, 20.3%, and 7.4% respectively, collectively accounting for 42.5% of service industry tax revenue, an increase of 5 percentage points from the previous year [1]

2025年，全市固定资产投资同比下降21.7%，其中，房地产开发投资下降31.0%，基础设施投资下降 1.9%。重点产业投资保持较快增长，工业技术改造投资增长19.2%，居民服务、修理和其他服务业投资 增长88.3%，信息传输、软件和信息技术服务业投资增长67.7%，科学研究和技术服务业投资增长 16.1%。 市场销售规模扩大 1月30日，深圳市统计局发布2025年经济数据。根据广东省地区生产总值统一核算结果，2025年深圳全 市地区生产总值38731.80亿元，按不变价格计算，同比增长5.5%。其中，第一产业增加值28.04亿元， 下降4.5%；第二产业增加值14482.54亿元，增长4.1%；第三产业增加值24221.22亿元，增长6.3%。 工业生产稳步增长 高技术产品产量快速增长 2025年，全市规模以上工业增加值同比增长5.4%。分门类看，采矿业增加值同比下降1.1%，制造业增 长5.9%，电力、热力、燃气及水生产和供应业增长3.7%。主要行业大类中，通用设备制造业增长 13.9%，计算机、通信和其他电子设备制造业增长6.2%，专用设备制造业增长5.1%。高技术产品产量持 续快速增长，其中，3D打印 ...

民营经济是城市发展的活力源泉，面对新形势下的机遇与挑战，如何帮助天津民营企业强优势、补短 板、明方向，成为一项紧迫的现实课题。受天津市津商联合会委托，天津商业大学研究团队历时8个 月，对全市411家企业进行走访调研、问卷调查等系统研究，围绕天津民营企业及企业家的发展亮点、 现实困境与成长模式进行专题研究，重点聚焦新质生产力发展、数字化转型、产业链协同创新、营商环 境优化、企业核心竞争力提升等方向，最终形成6万余字的白皮书书稿与3000余字的咨政报告，包括两 个主要部分、21个章节、4个专题研究，全面呈现津商企业在动能转换中的现实基础与发展潜力。 白皮书显示，津商企业作为扎根天津、辐射全国的重要商业力量，形成了以传统制造业、商贸物流、金 融服务等为核心的产业体系。近年来，津商企业加速转型升级，在科技创新、绿色低碳、国际化布局等 领域展现出新活力。津商企业涵盖多个行业，呈现多元化发展格局，其中科学研究和技术服务业、租赁 和商务服务业以及制造业为企业主体，三者合计占比超过60％，构成津商企业发展的核心支柱。从津商 企业三次产业结构分布来看，第三产业占比达58％，成为推动企业发展的核心动力；第二产业占比 41％，是经 ...

Economic Overview - In 2025, the GDP of Zibo reached 508.89 billion yuan, reflecting a year-on-year growth of 5.6% at constant prices [1][4]. Industry Performance - The primary industry added value was 20.55 billion yuan, growing by 3.7% year-on-year [4]. - The secondary industry added value was 231.85 billion yuan, with a growth rate of 4.4% [4]. - The tertiary industry added value was 256.48 billion yuan, showing a growth of 6.8% [4]. - The total output value of agriculture, forestry, animal husbandry, and fishery reached 38.58 billion yuan, with a year-on-year increase of 4.3% [4]. - The industrial added value for large-scale enterprises grew by 7.4%, with 23 out of 38 major industries reporting positive growth [4]. Service Sector - The revenue of large-scale service industries reached 55.36 billion yuan, marking a year-on-year increase of 6.4% [4]. - Among the ten major service categories, nine experienced growth, with transportation, storage, and postal services growing by 8.4% and leasing and business services by 11.5% [4]. Consumer Market - The total retail sales of consumer goods reached 171.26 billion yuan, with a year-on-year growth of 5.2% [5]. - Retail sales in the above-limit category grew by 7.7%, with 14 out of 22 categories showing positive growth [5]. - Notably, categories such as grain and oil food, sports and entertainment products, and communication equipment saw significant growth rates of 26.6%, 118.4%, and 43.5% respectively [5]. Investment Trends - Fixed asset investment decreased by 12.6% year-on-year, while industrial investment increased by 14.7% [5]. - Private investment grew by 3.7%, accounting for 71.5% of total investment, which is an increase of 11.2 percentage points compared to 2024 [5].

Core Viewpoint - The article focuses on "Four Golden Crosses and Their Implications for Investment," highlighting significant economic signals that indicate potential shifts in the economic landscape [2]. Group 1: Golden Cross of New and Old Economy GDP Proportions - A model categorizes the economy into new (equipment manufacturing, information, leasing, and business services) and old (real estate, construction, and building materials) sectors. In 2015, the new economy accounted for 14.5% of GDP, while the old economy was at 24.2%, a 10 percentage point difference. By 2025, the new economy is projected to rise to 20%, surpassing the old economy at 19.7%, marking a significant shift in economic structure [3]. - This change suggests that even if the old economy does not stabilize, the overall economy may still recover due to the growth and increased size of the new economy, aligning with expectations of nominal GDP bottoming out and rebounding by 2026 [3]. Group 2: Golden Cross of Household Wealth Structure - A simplified model of household wealth focuses on urban housing and financial assets. By 2026, financial assets (deposits and non-deposit financial assets) are expected to exceed the total market value of urban residential properties for the first time. Since 2022, the total market value of urban housing has been declining, while financial assets have been growing, indicating a potential shift in household wealth dynamics [6]. - If this golden cross occurs, it could lead to a new phase in household wealth, positively impacting social risk appetite and consumer spending tendencies [6]. Group 3: Recovery of Spending Willingness Across Three Sectors - The article examines the spending willingness of residents, government, and overseas sectors. The combined spending willingness of these three sectors has been declining since 2021. However, a turning point is anticipated in 2024-2025, with a stabilization in 2024 and a potential recovery in 2025, driven by better-than-expected exports and increased fiscal counter-cyclical measures [7]. - If this positive trend continues into 2026, it is expected to gradually reflect in economic data [7]. Group 4: Optimal Midstream Economic Conditions - An analysis of supply-demand structures in the manufacturing sector reveals that the midstream segment currently exhibits the best balance, surpassing the high point of 2021. The downstream sector has just turned positive in terms of supply-demand growth differentials, while upstream conditions may lag behind due to their strong ties to the old economy [10]. - The midstream sector's favorable conditions are clear and independent, suggesting a potential improvement in upstream supply-demand dynamics in the future [10].