Core Viewpoint - The article emphasizes that in October, various demand indicators such as exports and real estate may decline due to base effects and policy adjustments, while focusing on the recovery of consumption below the limit. The "14th Five-Year Plan" is expected to provide ongoing growth momentum through increased investment in public welfare and basic livelihood projects [2][3]. Group 1: Economic Indicators - In September, consumption related to holidays performed poorly due to the overlap of the Mid-Autumn Festival and National Day, but October is expected to see a rebound in growth driven by these holidays [2]. - The average growth rate of consumption below the limit (excluding catering) is projected to improve from 2.7% in 2023 to 3.55% in 2024, and further to 4.24% in the first three quarters of 2025. The year-on-year growth rate for September was 3.77%, with an expected rise to around 5% in October [2][3]. - In 2019, the growth rate of consumption below the limit (excluding catering) was 10.6%, indicating significant room for recovery. In 2024, 52.2% of social retail sales will come from this category, making its recovery crucial for overall retail performance [2][3]. Group 2: Price Trends - CPI is expected to show a narrowing year-on-year decline, with a forecast of around -0.1% for October. PPI is projected to decline slightly to around -2.4% year-on-year [5][14]. - Food prices are expected to decrease, with pork prices down 8.1% and egg prices down 7.5%. Conversely, vegetable prices are expected to rise by 3.4% due to seasonal factors [14][15]. Group 3: Production and Trade - Industrial production growth is anticipated to slow to around 5.5% in October, influenced by seasonal effects and weakening high-frequency indicators [16]. - Export growth is expected to decline to around 3.5% year-on-year in October due to high base effects from the previous year, while imports are projected to grow by 1% [18][19]. Group 4: Investment and Real Estate - Fixed asset investment growth is expected to decline to around -0.8% for the first ten months of the year, with real estate investment down 14.5% [20]. - Real estate sales area growth is projected to be around -15% in October, with significant declines noted in major cities [21]. Group 5: Retail Sales - Social retail sales growth is expected to be around 3.0% in October, with consumption below the limit projected to grow by 5% [22]. - The automotive sector is expected to see a decline in retail growth, while catering and consumption below the limit are anticipated to recover due to holiday effects [22]. Group 6: Financial Indicators - New social financing is expected to reach 1.1 trillion, a decrease of 200 billion from the previous year, with a stock growth rate of around 8.6% [23]. - M2 is projected to remain stable at around 8.4% year-on-year, while new M1 is expected to be around 6% [23][24].

麦当劳公告，第三季度营收70.78亿美元，同比增长3%；净利润22.78亿美元，同比增长1%。 （文章来源：第一财经） ...

格隆汇11月5日｜麦当劳(MCD.US)2025年Q3营收70.8亿美元，市场预期70.95亿美元，上年同期68.7亿美 元；全球同店销售额增长3.6%，高于市场预估的3.55%；净利润22.8亿美元，每股收益3.18美元；调整 后每股收益3.22美元，预估3.32美元。财报公布后，麦当劳盘前跌超1%。 来源：格隆汇APP ...

身处餐饮的超级性价比时代，百胜中国的扩张速度还在加快。 其中肯德基净新增402家门店，创下三季度历史新高。 本季度，百胜中国门店净新增536家门店，截至9月底，公司在中国的门店总数达17514家。参照其全年 目标，公司开店计划完成度已超六成。 但因三季度对美团的投资产生800万元的负面影响，净利润出现5%的同比下滑。 收入高速增长首要源于门店规模的快速扩充。 百胜中国曾在一季度、二季度财务披露时，两次上调肯悦咖啡的全年门店指引。今年8月，百胜中国预 计肯悦咖啡年底规模将达1700家。 但截至三季度末，肯悦咖啡的实际规模已达到1800家。 肯悦咖啡采用与肯德基"肩并肩"的店中店模式：在既有肯德基标准店中划分出独立区域，与其共享后厨 与空间，从而大幅降低了单店选址的难度与前期资本投入。 此外，同样以店中店形式运营、聚焦健康轻食的KPRO，目前也已在高线城市拓展至超过100家门店。 百胜中国表示，大部分活跃会员尚未尝试过肯悦咖啡和KPRO，这意味着该模式在现有会员体系中蕴藏 着巨大增长潜力。 今年第三季度，百胜中国总收入为32亿美元，不计及外币换算影响，同比增长4%，经营利润同比增长 8%至4亿元。 肯悦咖啡的扩张 ...

天眼查App显示，近日，成都市金牛区慕茗来饮品店（个体工商户）成立，法定代表人为向治豪，注册 资本5万人民币，经营范围为许可项目：餐饮服务（不产生油烟、异味、废气）。（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）一般项 目：食品销售（仅销售预包装食品）；食品互联网销售（仅销售预包装食品）；玩具销售；日用木制品 销售；日用玻璃制品销售；日用品销售；外卖递送服务；工艺美术品及收藏品零售（象牙及其制品除 外）；餐饮管理；美发饰品销售；化妆品零售；日用口罩（非医用）销售；日用化学产品销售；家用电 器销售；文具用品零售；礼品花卉销售；体育用品及器材零售。（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）。 ...

天眼查App显示，近日，成都市龙泉驿区永无岛甜品店（个体工商户）成立，法定代表人为刘亚茜，注 册资本1万人民币，经营范围为许可项目：餐饮服务（不产生油烟、异味、废气）；食品销售；食品互 联网销售；道路货物运输（不含危险货物）；生鲜乳道路运输。（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）一般项目：食用农产品零 售；食品添加剂销售；食品用塑料包装容器工具制品销售；农副食品加工专用设备销售；农副产品销 售；新鲜水果零售；保健食品（预包装）销售；食品销售（仅销售预包装食品）；食品互联网销售（仅 销售预包装食品）；互联网销售（除销售需要许可的商品）。（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）。 ...

Core Viewpoint - Zhanjiang City is launching a "Winter Tour Zhanjiang Enjoy Exciting" consumption season from November to the first quarter of next year, aiming to stimulate consumer spending and enhance the shopping experience for both locals and tourists [1][3]. Group 1: Consumption Policies and Measures - Zhanjiang has implemented measures to optimize the consumption environment, resulting in a retail sales total of 118.475 billion yuan, a year-on-year increase of 3.3%, which is 0.5 percentage points higher than the provincial average [3]. - The new consumption subsidy program includes a wide range of products such as automobiles, home appliances, local specialty products, electronic products, and sports goods, with a focus on accessibility and low thresholds for consumers [6][9]. - The new subsidy program is distinct from the 2025 old-for-new consumption subsidy, with different time frames and funding sources, and the two cannot be combined [6][9]. Group 2: Event Highlights and Themes - The consumption season will feature four main themes: "Warm Winter Fun Tour Zhanjiang," "Trendy Youth Vitality Zhanjiang," "Delicious Food Zhanjiang," and "Affordable Shopping Zhanjiang," leveraging the upcoming opening of the Guangzhan High-speed Railway and the 15th National Games [12]. - Three major events will take place during the consumption season: a sports-themed event in November-December, a winter study tour in January-February, and a unique coastal Spring Festival experience in February-March [12]. Group 3: Financial Support and Consumer Experience - Financial institutions are encouraged to provide credit support for service consumption sectors, with preferential interest rates for eligible consumers [14]. - Market regulation departments will enhance consumer protection measures, ensuring quality and integrity in business practices while facilitating consumer complaints [16]. - Various promotional activities, including dining vouchers and themed shopping events, will be launched to stimulate consumer interest and spending [17][18].

以下文章来源于时代财经APP ，作者李馨婷 时代财经APP . 聚焦于企业财经新闻，互联网新闻信息服务许可证编号：44120230006 来源丨 时代财经APP（ID：tf-app） 作者丨李馨婷 编辑丨 周嘉宝 图源丨Midjourney 传出中国业务部分股权出售消息的整整一年后，星巴克终于敲定中国业务买家。 11月4日，星巴克宣布与博裕投资达成战略合作，双方将成立合资企业，共同运营星巴克在中国市场的零售业务。 根据协议，博裕将持有合资企业至多60%股权，星巴克保留40%股权，并将继续作为星巴克品牌与知识产权的所有者和授权方，向新成立的合资企业进 行授权。基于约40亿美元（不计现金与债务，折合人民币超280亿元）的企业价值，博裕将获得其相应权益。 星巴克预计其中国零售业务的总价值将超过130亿美元。总价值由三部分构成：向博裕出让合资企业控股权益所得、星巴克在合资企业中保留的权益价 值，以及未来十年或更长时间内持续支付给星巴克的授权经营收益。 结合过往报道，自2024年11月星巴克传出中国业务部分股权出售消息后，对星巴克中国股权表露过收购意向的除了博裕资本，还包括KKR、方源资本、 太盟投资集团、华润集团、高 ...

文 | 首席消费官，作者 | 多半 沸沸扬扬的"西贝预制菜"风波逐渐落下了帷幕，这场风波不仅让西贝承受了巨大的舆论压力，也让不少 餐饮企业感受到了危机。 不过危机之外也存在机遇，一些餐饮企业通过主打"现做"、开启"明厨亮灶"模式赢取好感度，就连西贝 都在进行调改。在这波餐饮企业"爆改"潮下，中小餐饮企业和连锁餐饮企业还得找到适合自己的方向。 于是在西贝预制菜风波之后，不少餐饮企业开始更多地关注起了"现制"，还有通过"明厨亮灶"的方式直 观地展现菜品的制作过程。让消费者知道他们吃的是什么、怎么制作的，以及是否与宣传一致等。 "爆改潮"下的"伪与真" 西贝预制菜风波推动餐饮企业主动转变 尽管很多餐饮企业都不愿意给自己贴上"预制菜"的标签，但事实却是，消费者认知中的"预制菜"可能是 连锁餐饮企业的必然选择。 一方面，连锁餐饮企业需要保证出餐率和标准化，如果单纯通过现炒现做还要满足上菜速度与口感统 一，相对来说难度很大； 另一方面，现在连锁餐饮企业的经营成本不断水涨船高，人力成本、租金成本都是不容忽视的大头，预 制菜能够在一定程度上实现降本增效。 从目前的餐饮市场来看，依赖中央厨房和预制加工的不在少数。通过中央厨房将 ...

Core Points - Dongguan officially launched the "Shopping Dongguan, Trend Up!" cross-year consumption season activity on November 5, 2025, which will last until March 2026, aiming to boost economic activity in the Greater Bay Area [1][3] - The event will cover six major sectors: retail, catering, cultural tourism, agriculture, culture, and sports, with over a thousand enterprises and platforms expected to participate [1][3] - The initiative is designed to stimulate market vitality and enhance the foundational role of consumption in economic development through a comprehensive activity design [3][4] Retail Sector - "Shopping Dongguan" focuses on retail consumption, offering subsidies for trade-in programs for automobiles, electric bicycles, and home appliances, and promoting local products through online sales [4][13] - Retail consumption vouchers will be distributed during key periods such as New Year and Spring Festival, covering essential categories like 3C products, home goods, and food [4][13] Catering Sector - "Tasting Dongguan" aims to boost accommodation and dining consumption by collaborating with platforms like Meituan and Douyin to promote autumn and winter food consumption [4][5] - Special events such as the "Food in Dongguan" carnival and various food festivals will provide exclusive discounts for ticket holders [4][5] Cultural Tourism Sector - "Traveling Dongguan" will launch over 10 cultural tourism promotional activities centered around major events like the 15th National Games and APEC Summit [4][5] - The initiative includes creating special travel routes and offering discounts for attractions linked to events [4][5] Agricultural Sector - "Farming Dongguan" will host the "Chinese Farmers' Harvest Festival" in November, showcasing agricultural achievements and promoting local products [5][14] - Additional events will include a Spring Festival flower market and various agricultural consumption activities [5][14] Cultural Sector - "Appreciating Dongguan" will enhance cultural consumption through events like the "Lingnan Water Town International Animation Week" and a New Year light festival [5][14] - The initiative will also promote local cultural products and extend the service hours of public cultural venues [5][14] Sports Sector - "Competing Dongguan" will leverage the atmosphere of the National Games to host high-level sports events and promote local sports brands [5][14] - The initiative aims to create diverse sports consumption scenarios by integrating sports with tourism and commerce [5][14] Support Mechanisms - A four-dimensional linkage mechanism has been established to ensure the effectiveness of the activities, involving collaboration between government, enterprises, financial institutions, and online platforms [6][13] - The initiative encourages local towns to develop unique promotional activities and integrates financial incentives to enhance consumer engagement [6][13] Consumer Incentives - Specific consumer subsidies include up to 5,000 yuan for new car purchases, 1,000 yuan for home appliances, and 500 yuan for electronics and sports goods [13][14] - The consumption season aims to provide tangible benefits to citizens while promoting economic growth and enhancing Dongguan's city image [14]