Group 1: Transportation Service Trade - The goal is to develop a competitive international freight forwarding market with a focus on comprehensive international freight forwarding companies and innovative operational models [1] - Key cultivation points include having at least 70% of total revenue from international freight forwarding and related auxiliary services, and establishing logistics service networks both domestically and internationally [2] Group 2: Tourism Service Trade - The aim is to create a prosperous tourism market with strong enterprises and encourage horizontal alliances among companies [3] - Key cultivation points for star-rated hotels include hosting at least 30% of foreign guests and obtaining city-level tourism standardization demonstration unit status [4] - Economic hotel chains should have over 400 branded hotels and expand internationally through franchising [5] Group 3: Telecommunications, Computer, and Information Service Trade - The objective is to establish leading enterprises with strong technological innovation and service quality in the telecommunications and information services sector [6] - Key cultivation points include software development services with international market capabilities and certifications in quality management systems [7][8] - Data processing and information system maintenance services should also focus on international market development and high technical standards [9] Group 4: Engineering Contracting and Construction Service Trade - The goal is to innovate methods for "going out" and support enterprises in undertaking overseas projects, enhancing Shanghai's brand image in quality engineering [12] - Key cultivation points include undertaking large-scale overseas projects supported by the state and maintaining a good safety record [13] Group 5: Professional Service Trade - The aim is to enhance the quality and international competitiveness of professional services such as consulting, accounting, and legal services [15] - Key cultivation points include providing management consulting to foreign enterprises and obtaining necessary licenses for accounting and legal services [16][17][18] Group 6: Exhibition Services - The goal is to develop high-level international exhibition enterprises and support the introduction of domestic and international brand exhibitions [24] - Key cultivation points include hosting international exhibitions with significant foreign participation and organizing large-scale international conferences [25][26] Group 7: Pharmaceutical and Biotechnology R&D Services - The objective is to develop high-quality pharmaceutical and biotechnology R&D services and enhance international competitiveness [29] - Key cultivation points include having strong international market capabilities and signing contracts with foreign enterprises [30] Group 8: Cultural Service Trade - The aim is to cultivate culturally competitive enterprises that promote Chinese culture internationally [31] - Key cultivation points include publishing traditional publications abroad and providing printing services to foreign clients [32][33] Group 9: Medical and Health Services - The goal is to develop high-end medical services with strong international competitiveness [41] - Key cultivation points include having stable business channels and providing services to a significant number of foreign clients [42] Group 10: Sports Service Trade - The objective is to expand the sports service trade market and attract international sports resources [43] - Key cultivation points include hosting international sports events and providing professional sports consulting services [44][45][46] Group 11: Overseas E-commerce Platform Services - The aim is to encourage e-commerce platforms to explore overseas markets and develop international operational capabilities [48] - Key cultivation points include establishing or acquiring e-commerce platforms abroad with necessary qualifications [49] Group 12: Digital Delivery Service Trade - The goal is to create a favorable environment for digital trade and cultivate high-potential unicorn companies [50] - Key cultivation points include engaging in international transactions through remote delivery via computer networks [51]

Group 1 - The core point of the article is that the ADP private sector employment report for October shows a net increase of 42,000 jobs, marking the first positive growth since July 2025, and surpassing market expectations of 25,000 jobs, reversing the trend of job losses in August and September [1][2] - Job growth is concentrated in specific sectors, with education, healthcare, trade, transportation, and utilities being the main drivers, while professional and business services, information industries, and leisure and hospitality sectors have seen job reductions for the third consecutive month [2][3] - Wage growth remains stable overall, with median annual salaries for stayers increasing by 4.5%, while job switchers experience a more significant increase of 6.7%, indicating that labor mobility still provides a premium [3][4] Group 2 - The September ADP employment data was revised from a decrease of 32,000 jobs to a decrease of 29,000 jobs, which alleviates some market concerns about a sharp deterioration in the job market [3][4] - The ADP report has gained unusual attention due to the U.S. federal government shutdown, which has prevented the release of key official employment data, but the ADP data only covers about 26 million private sector employees, compared to the broader non-farm report [4][5] - The release date for the October non-farm employment report remains uncertain due to the ongoing government shutdown, which may lead to market volatility based on private data [5]

Group 1 - The new $100,000 H-1B visa application fee introduced by the White House may lead to a reduction of up to 5,500 monthly work permits for immigrants [1][3] - The number of affected workers is relatively small compared to the overall U.S. labor market, but tech companies and immigrants from India will face greater impacts [3] - In fiscal year 2024, nearly two-thirds of H-1B approvals are for computer-related occupations, with about 71% of visa recipients coming from India [3] Group 2 - Approximately 65,000 of the 141,000 new H-1B employment applications approved in the last fiscal year were processed overseas, making these applicants the most likely to be affected by the new fee [3] - If all applications were to cease, the monthly immigration work permits could decrease by up to 5,500, unless immigrants can secure employment through other visa categories [3]

Group 1 - The analysis by JPMorgan economists indicates that the White House's proposed $100,000 fee for H-1B visa applications could lead to a reduction of up to 5,500 immigrant work permits issued monthly [1] - Approximately two-thirds of H-1B visa approvals in FY2024 are for computer-related occupations, with about 71% of these visas granted to applicants from India [1] - Revelio Labs' economist suggests that the fee increase could effectively abolish the H-1B system, potentially resulting in a loss of up to 140,000 new jobs annually for U.S. companies reliant on foreign talent [1] Group 2 - Bloomberg Economics estimates that the policy change will primarily reallocate visa resources to high-paying sectors such as technology, finance, and healthcare, while squeezing lower-paying fields like education [2] - The existing H-1B workforce is expected to remain stable in the short term, as the new fee applies only to first-time applications and not to renewals [2] - The broader impact of the policy remains uncertain, with potential opportunities for U.S. workers but also risks of jobs being moved overseas if they are no longer viable domestically [2]