第五，生产性服务业也是全要素生产率发展的基础。 生产性服务业来自知识密集和人才密集 的投入，新质生产力要求在传统的要素之外提升全要素生产率增长，就是要抓好生产性服务业 的发展。 "总体上生产性服务业有五大战略性功能，我们应该给予高度的重视。"黄奇帆表示。 黄奇帆表示， 在2010年以前，全世界制造业最重要的十大板块里中国是没有"领跑"的，基本 上是在后面"跟跑"，现在在高铁、汽车制造、新能源装备、电力装备、造船五大领域处于"领 跑"地位，在生物医药、信息智能技术、芯片生产、高端装备、新材料、航空航天等领域也 从"跟跑"进入"并跑"阶段。因此中国制造大而不强的概念，现在翻开了新一页。 7月10日，在2025贝壳财经年会"建设开源之都：智AI未来，生态共澎湃"论坛上，中国国家创 新与发展战略研究会学术委员会常务副主席、重庆市原市长黄奇帆表示，生产性服务业有五大 战略性功能，应该高度重视。 黄奇帆指出，生产性服务业作为以科研创新为核心的服务业，除了推动制造业的技术进步，提 高制造业的产业运行效率和效益以外，不仅是新质生产力和高科技制造产生的温床、动力和土 壤、生态环境，同时，生产性服务业自带光环，是全世界全社会经济 ...

Global Market Overview - The report indicates that global markets are under pressure due to current tariff issues, leading to increased volatility. Major US stock indices experienced pullbacks, with the S&P 500, Nasdaq, and Dow Jones all declining [1][3] - The TAMAMA technology index's price-to-earnings (P/E) ratio has risen to 35.1, exceeding the 35 mark, indicating a high valuation. The Philadelphia Semiconductor Index's P/E ratio has further increased to 51.8, while the Nasdaq's P/E ratio stands at 42.5, both suggesting potential overvaluation [1][12] - The report highlights that the Shiller P/E ratio for the S&P 500 is at 38.12, significantly above historical averages, indicating that various sectors such as finance, consumer, communication services, and industrials may face corrections due to high valuations and economic uncertainties [1][12] US Market Performance - The S&P 500 index, Nasdaq, and Dow Jones Industrial Average all saw declines of 0.31%, 0.08%, and 1.02% respectively during the week [3][12] - Within the S&P 500, the energy sector had the highest increase at 2.48%, while the financial sector experienced the largest decline at 1.91% [12][16] European Market Performance - European markets showed mixed results, with the German DAX index increasing by 1.97%, while other indices like the UK FTSE 100 and French CAC40 also saw modest gains [9][10] - The report anticipates potential corrections in major European indices such as the CAC40, FTSE 100, DAX, and others due to high price-to-book ratios and economic pressures [1][9] Hong Kong Market Performance - The Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng Hong Kong Chinese Enterprises Index all increased, with respective gains of 0.93%, 0.91%, and 2.07% [4][24] - The report notes that the Hong Kong market is expected to experience further differentiation, with low-valuation assets that are less impacted by trade issues presenting structural buying opportunities amidst volatility [1][39] Emerging Markets Performance - Emerging markets displayed varied performance, with the Ho Chi Minh Index rising by 5.1%, while the Brazilian IBOVESPA index fell by 3.59% [11][39] - The report suggests that emerging markets may also face corrections due to economic fundamentals and uncertainties stemming from US trade policies [1][39] Key Economic Data - The report mentions that in May 2025, the Eurozone retail sales index grew by 1.8%, down from 2.7% previously, indicating a slowdown in consumer spending [4][43] - In June 2025, Germany's CPI year-on-year growth was 2%, slightly lower than the previous 2.1%, while France's CPI increased to 1% from 0.7% [40][43]

Group 1 - The State Intellectual Property Office of China has published a patent application by Shandong Guodun Network Information Technology Co., Ltd. for an electronic signature processing method and system related to housing fund business process data, with publication number CN120297920A and application date of June 2025 [1] - The patent involves a method for processing housing fund contracts in PDF format, extracting key data and compensation data, and assessing tampering risks through hash value calculations [1] - The company has been active in the software and information technology services sector since its establishment in 2016, with a registered capital of 50 million RMB [2] Group 2 - Shandong Guodun Network Information Technology Co., Ltd. has made one external investment, participated in 56 bidding projects, and holds 4 patents along with 9 trademark registrations [2] - The company has also obtained 15 administrative licenses, indicating a diverse operational capability within its industry [2]

Core Viewpoint - The production service industry has five strategic functions that are crucial for economic development and should be given high importance [1][3]. Group 1: Strategic Functions of Production Service Industry - The production service industry is a growth driver for GDP and often becomes the largest sector in developed economies [1]. - It serves as the driving force for high-quality development in manufacturing and is the largest sector for unicorn companies globally [1]. - The production service industry is a growth engine for service trade, with insufficient development in China leading to a reliance on imported production services [1]. - It forms the basis for high added value in products, as seen in the example of a smartphone where a significant portion of the price is derived from production services [2]. - The production service industry is essential for the development of total factor productivity, requiring knowledge and talent-intensive inputs [2]. Group 2: Current Status and Future Goals - Despite significant achievements in manufacturing, China lags in the production service industry, reflected in five weak indicators: low GDP share, low service trade share, low manufacturing profit margins, low proportion of unicorns, and low total factor productivity [3]. - The goal for the period from 2021 to 2040 is to address these weaknesses by focusing on the development of the production service industry to promote high-quality manufacturing and the healthy development of new productivity [3].

Core Insights - The information transmission, software, and information technology services industry is the highest income-generating sector in China, followed by finance and scientific research [1][2] - The fifth national economic census revealed significant growth in the industry, with 1.691 million legal entities and 15.067 million employees by the end of 2023, representing increases of 85.2% and 51.4% respectively since 2018 [1] Group 1: Employment Distribution - Beijing leads with 1.606 million employees in the information transmission, software, and information technology services sector, accounting for 12.2% of the city's total legal entity workforce [2] - Shanghai ranks second with 1.059 million employees, while Shenzhen has 968,800 employees in the same sector [3] - Guangzhou and Hangzhou follow with 705,500 and 655,000 employees respectively, showcasing a strong presence in the industry [4] Group 2: Economic Performance - In 2023, the software and information technology services sector in Beijing generated an added value of 525.2 billion yuan, growing by 13.3% year-on-year [2] - Shanghai's sector achieved a revenue of 1,737.33 billion yuan, marking a 156% increase since 2018, with Yangpu District's software and information technology services growing by 13.4% in 2024 [3] - Shenzhen's software and information services sector surpassed 300 billion yuan in added value, reflecting a growth of 21.4% [3] - Chengdu's sector reached 549,000 employees, with total revenue exceeding 1 trillion yuan for the first time, driven by the information transmission and software services [5]

Group 1 - Tencent Technology (Shenzhen) Co., Ltd. has applied for a patent titled "A Data Processing Method, Device, Equipment, Storage Medium, and Product" with publication number CN120296039A, filed on January 2024 [1] - The patent application describes a data processing method that includes obtaining a query plan, splitting it into multiple operator chains, and performing compilation analysis to determine execution modes based on compilation benefit and memory indication information [1] - The method aims to adaptively integrate one or more execution modes to complete the query plan, enhancing efficiency in data processing [1] Group 2 - Tencent Technology (Shenzhen) Co., Ltd. was established in 2000 and is primarily engaged in software and information technology services, with a registered capital of 2 million USD [2] - The company has invested in 15 enterprises, participated in 260 bidding projects, and holds 5000 trademark and patent information records, along with 472 administrative licenses [2]

Group 1 - Shandong Inspur Commercial Systems Co., Ltd. and Inspur Software Technology Co., Ltd. have applied for a patent titled "A Method and System for Accurate Tax Information Push" [1][2] - The patent aims to enhance tax information management using artificial intelligence, featuring steps such as taxpayer data collection, knowledge base construction, model optimization, taxpayer profiling, and information matching [1] - The new method improves the accuracy of tax information delivery compared to traditional methods, reducing the blind nature of previous push notifications [1] Group 2 - Shandong Inspur Commercial Systems Co., Ltd. was established in 2003 with a registered capital of 20 million RMB, focusing on software and IT services [1] - The company has invested in 3 enterprises, participated in 59 bidding projects, and holds 484 patents [1] - Inspur Software Technology Co., Ltd. was founded in 2020 with a registered capital of 380 million RMB, also focusing on software and IT services [2] - This company has invested in 75 enterprises, participated in 4,000 bidding projects, and holds 819 patents [2]

当代都市人最"亲密"的时刻，绝对有在早晚高峰地铁里，和陌生人交换体温和呼吸。 以下文章来源于网易数读 ，作者网易数读 网易数读 . 网易旗下栏目，用数据说话。 本文来自微信公众号： 网易数读 ，作者：木姜紫、叶榆北，数据：木姜紫，设计：秋瞳、卜卜脆， 原文标题：《中国三分之二的省，正在面临集体失血》，题图来自：视觉中国 只不过，一线城市曾经逼仄的车厢，如今似乎宽敞了些；而在杭州、武汉、合肥，越来越多人涌入早 班地铁，前胸贴后背成了常态。这些体感变化，映照的正是中国人口版图的重新洗牌。 2021 年，中国总人口达到峰值 14.126 亿；次年死亡人数首次超过出生人数，人口自然增长由正转 负，宣告持续 60 年的增长就此终结 [1] 。 与此同时， 常住人口流失，正以前所未有的速度，席卷中国三分之二的省份。 一、越来越多省份的常住人口在 减少 每年夏天，都是新一轮的离开。大学毕业季刚过，一批又一批年轻人背起行囊，他们中只有少数回到 家乡，更多的人，则走得越来越远。 翻看 2024 年全国 31 个省级行政区的常住人口数量，会发现 有 20 个地区的常住人口较上年减少，3 个基本持平，仅 8 个仍维持增长 [2] ...

Core Insights - The forum discussed strategies for Chinese companies to adapt to the reshaping of the global economic landscape due to geopolitical challenges, trade barriers, financial volatility, and technological changes [2][3] Group 1: Global Economic Landscape - The pressure of global supply chain restructuring highlights China's strong production, logistics, and human resources, which can still provide competitive advantages [3] - The "dual circulation" strategy emphasizes the importance of enhancing negotiation skills with the world and identifying systematic opportunities for international expansion [3] - The World Bank indicates that since 2004, the share of global goods and services trade in global GDP has steadily increased, showing that globalization has not halted [6] Group 2: Digital Currency and Regulation - The U.S. and global regulatory frameworks are evolving, particularly with the introduction of the U.S. Stablecoin Innovation Act and Hong Kong's Stablecoin Regulations, which may diminish the decentralized nature of stablecoins [4] - The development of stablecoins by the U.S. is seen as a strategy to reinforce the dominance of the dollar in the global economy [4][5] - There is a call for China to accelerate legislation and regulation regarding digital currencies and stablecoins to enhance the internationalization of the renminbi [4][5] Group 3: Localization and Global Strategy - Companies must implement localization strategies to succeed in overseas markets, as evidenced by Ganfeng Lithium's approach to respecting local cultures and sharing benefits [7] - The integration of new technologies like artificial intelligence with China's manufacturing advantages is crucial for addressing challenges in overseas operations [7] - Key experiences for state-owned enterprises in international expansion include global resource allocation, differentiation, compliance, and low-carbon transformation [8] Group 4: Economic Challenges and Policy - Domestic economic challenges in China include a decline in import ratios, fluctuating real estate markets, and a need for more proactive monetary policies to stimulate investment and consumption [6] - The future of China's economy relies not only on macroeconomic policy adjustments but also on the ability of enterprises to find differentiated paths in the new phase of globalization [8]

在本届服贸会招展方面，已有超700家企业机构意向线下参展。德国、挪威、日本、世界知识产权组织 等50余个国家、地区和国际组织意向设展办会，各省区市及港澳台地区均将组团参会；主宾国澳大利亚 将组建参展服贸会以来最大规模展团，组织澳新银行、可画等世界500强和独角兽企业参展；主宾省安 徽将展示本地科技创新和服务业开放最新成果；整体国际化率超20%，覆盖22个服务贸易前30强国家和 地区。 在成果发布方面，已有阿里巴巴、施耐德、飞利浦、通用电器医疗等47家知名企业机构申请在本届服贸 会上发布70余项新技术、新成果 中国经济网北京7月12日讯（记者 周宇宁）今天是2025年中国国际服务贸易交易会（简称"服贸会"）开 幕倒计时60天，记者从北京国际服务贸易事务中心获悉，目前已征集14场主题论坛、76场专题论坛和50 场洽谈推介在服贸会上举办。已有超700家企业机构意向线下参展，其中京外企业占比超30%，240余家 为世界500强和行业龙头企业。 2025年服贸会将于9月10日至14日在北京首钢园区举办，聚焦服务贸易发展热点趋势，设置全球服务贸 易峰会、展览展示、论坛会议、洽谈推介、成果发布、配套活动等板块。 据了解，在 ...