Economic Overview - Jiangsu province has focused on stabilizing employment, enterprises, markets, and expectations, accelerating the implementation of various policies in 2023 [1] Industrial Sector - The industrial added value of above-scale enterprises in Jiangsu increased by 7.2% year-on-year from January to July, indicating a sustained high-quality development trend [3] - Suzhou achieved an industrial total output value of 27,267.7 billion yuan, with a year-on-year growth of 4.5% and an industrial added value growth of 7.8% [3] - Xuzhou's industrial added value grew by 7.3%, with 28 out of 38 industrial sectors showing positive growth, resulting in a growth coverage of 73.7% [3] - Nantong's industrial added value increased by 7.6%, with a monthly growth of 6.8% in July [4] - Huai'an reported a 10.0% year-on-year growth in industrial total output value and an 8.6% increase in industrial added value [4] - Yancheng's industrial added value grew by 8.2%, with 26 out of 36 industrial sectors showing positive growth, achieving a growth coverage of 72.2% [5] - Advanced manufacturing is becoming a core driver of industrial growth, with Suzhou's high-tech industry output value reaching 15,417.3 billion yuan, a 6.9% increase, and accounting for 56.5% of the total industrial output [5] Service Sector - The revenue of above-scale service industries in Jiangsu increased by 8.1% year-on-year in the first half of the year [7] - Wuxi's tertiary industry added value reached 4,093.63 billion yuan, growing by 5.1%, with service industry revenue of 1,204.6 billion yuan, a 5.7% increase [7] - Zhenjiang's new economy services saw a revenue growth of 47.4%, contributing 6.8 percentage points to the overall service industry revenue growth [7] - Yangzhou's service industry added value reached 1,974.32 billion yuan, growing by 6.4%, marking the highest GDP share at 52.2% [7] - Suqian's above-scale service industry revenue surged by 40.9%, with significant growth in transportation, warehousing, and postal services [7] Consumer Sector - The total retail sales of consumer goods in Nanjing reached 4,960.22 billion yuan, with a year-on-year growth of 4.4% [11] - In Changzhou, the total retail sales of consumer goods amounted to 1,637.5 billion yuan, growing by 2.6% [11] - Lianyungang reported significant growth in smart product sales, with wearable devices increasing by 540% year-on-year [11] - Taizhou's total retail sales of consumer goods reached 1,146.9 billion yuan, with a year-on-year growth of 5.8%, exceeding the provincial average [11] Conclusion - Jiangsu province is expected to continue its efforts towards achieving better economic and social development results in the coming months [12]

信长星强调，当前正在谋划"十五五"时期经济社会发展规划。要在抓好本轮沿海地区发展规划收官 的同时，统筹谋划新一轮沿海地区发展规划和全省海洋经济发展规划，引领各方面凝心聚力、协同发 力，加快建设海洋强省。 省发展改革委汇报了有关工作情况，南通市、连云港市、盐城市、省工信厅、省自然资源厅作交流 发言，相关部门单位作书面交流。 9月10日，全省沿海地区高质量发展座谈会在盐城召开，深入学习贯彻习近平总书记主持召开的二 十届中央财经委员会第六次会议精神和总书记对江苏工作重要讲话精神，评估《江苏沿海地区发展规划 （2021—2025年）》实施情况和去年以来全省沿海地区高质量发展成效，进一步部署重点工作任务。省 委书记信长星出席会议并讲话，省长许昆林主持会议。 信长星围绕去年以来沿海地区工作进展、本轮沿海地区发展规划实施情况、江苏在全国沿海地区横 向比较等方面作了深入分析，指出，沿海地区一大批重大项目落地投产，多个产业集群入选国家先进制 造业集群，涌现出多项在全国有影响力的创新发展成果，经济运行稳中向好，为全省扛好挑大梁责任提 供了有力支撑。要准确把握当前面临的新形势新任务，进一步扬优势、补短板、强弱项，更好发挥海洋 经济 ...

Core Viewpoint - The article discusses the importance of industrial structure adjustment in China's 14th and upcoming 15th Five-Year Plans, emphasizing a shift from focusing on the ratio of the three industries to prioritizing technological innovation and R&D investment [3][5][28]. Summary by Sections 1. Importance of Industrial Structure Adjustment - Industrial structure adjustment is a crucial component of China's Five-Year Plans, serving as a key means to achieve core objectives [3][16]. - The 13th and 14th Five-Year Plans have set clear quantitative targets for industrial structure adjustments, focusing on advanced manufacturing and R&D investment [3][5]. 2. Evolution of Industrial Structure Adjustment - The focus of industrial structure adjustment has shifted from the ratio of the three industries to emphasizing technological innovation [5][28]. - The importance of service industry value-added ratios has diminished, while R&D expenditure has become a central indicator [5][28]. - The 14th Five-Year Plan introduced a target for the digital economy's core industries, reflecting a more refined approach to planning [5][28]. 3. Directions for the 15th Five-Year Plan - The primary direction for industrial structure adjustment during the 15th Five-Year Plan is transformation and upgrading, with a focus on technological innovation [7][22]. - Emerging industries such as marine economy, artificial intelligence, and smart vehicles are expected to receive significant attention [7][22]. - The need to address supply-demand mismatches and implement "anti-involution" policies is highlighted as a critical aspect of the upcoming plan [7][8]. 4. Service Industry Focus - The service industry's development is essential for addressing structural unemployment during the transition process and aligns with the requirements of the new era of China's economy [8][47]. - The emphasis has shifted from finance and real estate to information technology, with a growing focus on enhancing the competitiveness of the service sector [6][47]. - The 15th Five-Year Plan is likely to increase the openness of the service industry to stimulate service consumption and trade [8][49]. 5. Manufacturing Sector Changes - The requirements for the manufacturing sector have evolved from focusing on quantity to quality, with an emphasis on high-tech industries [5][30][40]. - The contribution of high-tech industries to economic growth has become increasingly significant, with average growth rates surpassing those of traditional industries [32][44]. 6. Policy Implications - The article outlines that the strategic focus of the Five-Year Plans reflects a broader shift in policy priorities, emphasizing innovation, structural adjustment, and high-quality development [11][13][40]. - The integration of technological advancements into traditional industries is seen as a pathway to enhance competitiveness and sustainability [5][40].

Core Viewpoint - Since the "14th Five-Year Plan," China has issued over 4,000 national standards in advanced manufacturing sectors, significantly contributing to the construction of a modern industrial system and ensuring the stability of key industrial chains and supply chains [1] Group 1: National Standards in Advanced Manufacturing - The national standards in advanced manufacturing are crucial for promoting high-quality development, reducing industry costs, ensuring product quality and safety, facilitating international trade, and enhancing corporate competitiveness [1] - Nearly 20% of the total group standards issued since the "14th Five-Year Plan" focus on advanced manufacturing fields such as new-generation information technology and high-end equipment manufacturing [1] Group 2: Digital Transformation and Smart Upgrades - The core areas of digital transformation and smart upgrades in manufacturing include the establishment of guidelines and technical requirements for smart factories, which provide clear directions and implementation paths for enterprises [2] - The average product development cycle in excellent smart factories has been shortened by 28.4%, production efficiency has increased by 22.3%, defect rates have decreased by 50.2%, and carbon emissions have been reduced by 20.4% [2] Group 3: Future Industry Standards - Efforts are being made to establish standardization technical organizations for future industries such as synthetic biology and drones, promoting collaboration among technology organizations, universities, industry associations, and enterprises [3] - By 2027, the goal is to develop over 100 new standards for future industries, with a focus on involving various talents in the formulation and implementation of these standards [3] Group 4: International Standards and Competitiveness - During the "14th Five-Year Plan," China has taken on 26 technical secretariats in international standard organizations and proposed 880 international standard proposals in key areas such as new energy vehicles and aerospace [4] - The conversion rate of advanced applicable international standards into national standards exceeds 90%, enhancing the competitiveness of Chinese products in international markets [4] Group 5: Future Directions for Standardization - The market regulatory authority plans to guide more technological achievements into international standards and focus on key areas for manufacturing transformation and upgrading, aiming to revise over 4,000 national standards in fields like artificial intelligence and new materials [5] - There will be an emphasis on monitoring the implementation of standards in key industries and ensuring that standards align with policies in finance, taxation, and industry [5]

"这是投洽会历史上，英国最大规模的一次参与。" 倪乐思说，"投洽会对于英国企业来说非常重 要，包括金融服务、先进制造业等不同的行业，都非常重视这次的参与。" 在6日下午举行的新闻发布会上，商务部投资促进事务局副局长于广生表示，作为我国唯一以投资 为主题的国家级重大展会，大会以"携手中国 投资未来"为主题，展览总面积12万平方米，将举办投资 促进活动超过百场，努力打造"投资中国"的标志性展会和双向投资促进的重要服务平台。 大会将举办跨国公司座谈会、知名民营企业对话世界500强以及30多场专题招商活动，全方位、多 维度展示"投资中国"活力与机遇。 投洽会组委会会务部副部长喻皓介绍，在展览展示方面，本届投洽会围绕"投资中国""中国投 资""国际投资"三大板块设置展位。在"投资中国"板块，设省市推介、金融资本对接、园区对接、领航 中国·新兴产业、投资热点城市等专题展区；在"中国投资"板块，设中国对外投资合作、绿色中国、绿 色创新等专题展区；在"国际投资"板块，设全球合作、国际投资服务、新质生产力、专精特新企业国际 合作等专题展区。 英国驻华贸易使节倪乐思在新闻发布会上表示，作为今年投洽会的主宾国，英国国家馆占地面积 ...

Group 1: Urban Development and Innovation - The core goal of the modern urban development initiative is innovation, as highlighted in the recent guidelines from the Central Committee and State Council [1] - The guidelines emphasize three supports: promoting institutional innovation in mega cities, enhancing global high-end production factor allocation, and establishing technology innovation platforms [1] - Various Chinese cities are exploring diverse paths to become vibrant, innovative urban centers, with cities like Beijing and Shenzhen focusing on technology innovation, while others like Hangzhou and Chengdu emphasize digital economy and cultural creativity [1] Group 2: Economic Resilience and Industry Development - Key cities are urged to prioritize open economic development to enhance resilience in foreign trade and investment [2] - Mega cities are responsible for guiding industries towards mid-to-high-end development and establishing strategic emerging industry systems, with significant clusters in advanced manufacturing and innovative industries [2] - Statistics indicate that mega cities account for 62.50% of national advanced manufacturing clusters and 53.03% of strategic emerging industry clusters [2] Group 3: Industry Specialization and Competition - Emphasis is placed on precise industrial division and differentiated layout in key cities to foster collaborative innovation and growth [3] - There is a call to eliminate low-level competition and create a healthy market environment, replacing "policy competition" with improved business conditions [3] - Strengthening industry organizations is essential for reshaping competitive models and fostering long-term cooperation between academia and industry [3] Group 4: Future Industry Development - Recommendations include transforming mega cities into core areas for strategic technological innovation and global industry leadership over the next 5-10 years [4] - Focus should be on six future industries: manufacturing, information, materials, energy, space, and health, with eastern cities leading in resource allocation and technology breakthroughs [4] - A tailored approach is suggested for different regions, emphasizing the need for a classification strategy to develop national-level future industry clusters [4] Group 5: Innovation Ecosystem and Technology Transfer - To enhance the alignment between technology and industry, a comprehensive mechanism for R&D, transformation, and industrialization is proposed [5] - Establishing regional technology innovation centers and industry research institutes is crucial for improving local technological supply capabilities [5] - Local governments are encouraged to implement policies that support the on-site transformation of scientific achievements, enhancing the efficiency of knowledge and technology transfer [5] Group 6: Urban Renewal and Investment - Urban renewal is identified as a key focus for future urban development, with the need to revitalize existing resources and assets [6] - The challenge lies in effectively activating existing spaces and resources through urban renewal, exploring sustainable financing models [6]

Core Insights - Digital finance is a core driving force in the digital economy era, reshaping financial service paradigms and injecting strong momentum into new industrialization strategies, effectively addressing structural challenges in traditional financial services [1][14] - The integration of financial technology and industrial internet, along with an increasingly comprehensive multi-level policy support system, will deepen the integration of digital finance into the entire lifecycle of new industrialization [1][14] - Digital finance aims to facilitate China's transition from a "manufacturing giant" to a "manufacturing and financial powerhouse" [1][14] Group 1: Digital Finance as a Tool for New Industrialization - Digital finance utilizes data as a key production factor and technology as a core driving force, leveraging blockchain, artificial intelligence, and cloud computing to reshape the financial service ecosystem [2] - The People's Bank of China and seven other departments issued guidelines to accelerate the construction of a financial powerhouse and a manufacturing powerhouse, marking the improvement of top-level design for financial support in new industrialization [2] Group 2: Mechanisms of Digital Finance Empowerment - Digital finance evolves from a traditional "fund intermediary" role to an intelligent hub for the allocation of industrial factors, activating industrial data asset value and reconstructing credit generation and risk pricing mechanisms [3] - It addresses the challenges of financing information asymmetry, credit assessment difficulties, and low service efficiency faced by manufacturing enterprises [3] Group 3: Multi-layered Collaborative Mechanisms - Digital finance integrates multi-dimensional data to create precise credit profiles and establish dynamic risk control models, alleviating core obstacles of information asymmetry in traditional industrial financing [4] - It provides tailored financial solutions throughout the lifecycle of manufacturing enterprises, adapting to their developmental needs [5] Group 4: Challenges Facing Digital Finance - The presence of industrial data silos and algorithmic bias restricts the effectiveness of digital finance, leading to potential mislabeling of manufacturing enterprises as high-risk due to outdated parameters [7] - Regulatory frameworks are lagging behind the industrial data assetization process, creating legal uncertainties around data ownership and valuation [7] Group 5: Pathways for High-Quality Development - A comprehensive financial support system for innovation can be established, focusing on key technology breakthroughs and the transformation of results [8] - The development of a multi-credit financial model is essential to enhance the resilience of industrial chains, moving beyond traditional credit reliance [9] Group 6: Policy and Institutional Support - Establishing national standards for data sharing and improving regulations around data asset financialization are crucial for fostering innovation [13] - A balanced regulatory framework that encourages innovation while preventing discriminatory credit policies is necessary for the sustainable development of digital finance [13]

Core Viewpoint - The article discusses the implementation of a VAT deduction policy for advanced manufacturing enterprises in China, allowing them to deduct 5% of their deductible input VAT from their payable VAT from January 1, 2023, to December 31, 2027 [3]. Group 1: VAT Deduction Policy - Advanced manufacturing enterprises can deduct 5% of their deductible input VAT from their payable VAT during the specified period [3]. - To apply for this policy, enterprises must submit application materials through the High-tech Enterprise Recognition Management System and will enjoy the policy after approval [3]. - Any deductible amount that has not been claimed can be accounted for in the period when the policy is applicable [3]. Group 2: Corporate Income Tax Implications - The portion of VAT deducted under this policy is subject to corporate income tax, as it does not meet the criteria for non-taxable income [3]. - According to the relevant regulations, any financial funds received from government departments that meet specific criteria can be excluded from taxable income when calculating the taxable income [3].

Economic Growth - Chongqing's economy is projected to grow at an average annual rate of 5.7% from 2021 to 2024, becoming the first city in central and western China with an economic output exceeding 3 trillion yuan [1] - Per capita GDP in Chongqing is expected to surpass 100,000 yuan [1] High-Quality Development - Over the past five years, Chongqing has focused on high-quality development, aiming to establish itself as a significant strategic support for the new era of western development [2] - The industrial revenue of large-scale enterprises is expected to reach 2.8 trillion yuan by 2024, while the service sector's added value is projected to hit 1.8 trillion yuan [2] - The production of laptops has maintained its position as the world's largest for 11 consecutive years, and the output of smart connected new energy vehicles is set to increase from 43,000 units in 2020 to 953,000 units by 2024 [2] Technological Innovation - Chongqing has accelerated the establishment of a nationally influential technology innovation center, with annual growth in R&D expenditure of 11% [2] - The number of national key laboratories has increased to 11, and significant breakthroughs have been made in core technologies such as high-power drive motors [2] - The global ranking of Chongqing as a research city has improved from 98th in 2020 to 40th in 2024 [2] Consumer Market Development - The total retail sales of social consumer goods in Chongqing have exceeded 1.6 trillion yuan, ranking second among cities nationwide [3] - Unique consumer experiences, such as the "8D magical" mountain city and drone light shows, have contributed to the city's consumer market growth [3] Infrastructure Development - The operational mileage of rail transit in Chongqing has increased from 344 kilometers to 582 kilometers [3] - New high-speed rail connections have been established, significantly improving accessibility to the city [3] - Major projects have successfully addressed electricity supply shortages during peak summer periods [3]

Core Viewpoint - Industrial security is emphasized as a core component of economic security, with a focus on enhancing resilience, technological self-reliance, and high-level openness to improve industrial development quality [1] Group 1: Industrial Scale Expansion - Steady expansion of industrial scale is crucial for industrial security, serving as a stabilizing factor during the transition from middle-income to high-income status [2] - China's manufacturing sector has maintained the largest global scale for 15 consecutive years, showcasing unique advantages in scale and system [2] - Achievements in various sectors, such as high-speed trains and advanced manufacturing, are linked to these scale and system advantages [2] Group 2: Industrial Quality Upgrade - Promoting quality upgrades in industries is essential to avoid low-level repetitive investments that can harm industrial security [3] - Digital transformation is highlighted as a key area, with Shenzhen's manufacturing value added projected to account for about one-third of its GDP in 2024 [3] - The focus on green low-carbon development and advanced industrial clusters is aimed at enhancing industrial safety and creating new growth sectors [3] Group 3: Enhancing Industrial Resilience - Strengthening industrial resilience is necessary for building a modern industrial system and ensuring industrial security [4] - Despite improvements, there are still vulnerabilities in the industrial chain that need to be addressed through technological advancements and diversified supply systems [4] - Monitoring and early warning systems for various risks are essential for enhancing governance resilience [4] Group 4: Expanding High-Level Openness - Expanding high-level openness is vital for improving industrial development quality in the context of deepening economic globalization [5] - China's foreign investment and global capacity layout have accelerated, particularly in relation to the Belt and Road Initiative [5] - Active engagement with international high-standard trade rules and international industrial cooperation is necessary for building a new type of collaborative framework [5]