Group 1 - The performance market in China has been active, with national tourism performance box office exceeding 13 billion yuan in the first three quarters of 2025, indicating robust growth [1] - Companies in the industry are accelerating their layout around stage equipment, immersive experiences, and cultural scene creation, with several listed companies winning bids for related projects [1] - Zhejiang Dafeng Industrial Co., Ltd. won a bid for the Shenzhen International Performing Arts Center project, with a contract amount of 165 million yuan for stage machinery and audio-visual equipment [1] Group 2 - The State Council's measures support the creation of immersive experience spaces in cultural venues and scenic spots, promoting new immersive cultural tourism products [2] - There is a growing demand for high-performance equipment such as 3D holographic projection and intelligent lighting control systems due to the increase in large-scale concerts and immersive performances [2] - Longfor Group won a project in Chongqing to manage a 55,000 square meter area, planning to create immersive performance spaces and cultural salons to enhance visitor engagement [2] Group 3 - Zhejiang Xiangyuan Cultural Tourism Co., Ltd. and Anhui Transportation Construction Co., Ltd. formed a consortium to win a bid for the Yuewang Valley Cultural Tourism Project, with a total bid amount of approximately 1.533 billion yuan [3] - Xiangyuan Cultural Tourism plans to invest 156 million yuan for a 22% stake in the project, focusing on cultural tourism operations and performance planning [3]

Core Viewpoint - The article emphasizes the importance of domestic demand as the main driving force and stabilizing anchor for China's economic development, particularly during the "14th Five-Year Plan" period, and highlights the need for continued focus on deep-seated economic issues and the implementation of significant reform measures in the upcoming "15th Five-Year Plan" period [1][3]. Domestic Demand and Economic Growth - Domestic demand has been a crucial driver of economic growth, contributing an average of 86.8% to economic growth over the past four years [1]. - The implementation of new policies in 2024 and 2025 has effectively stimulated domestic consumption and investment, promoting a positive cycle between supply and demand [1][2]. - Final consumption expenditure contributed 53.5% to economic growth in the first three quarters of this year, an increase of 9.0 percentage points compared to the previous year [2]. Investment and Infrastructure Development - Significant investments in major projects have been made, with national railway fixed asset investment reaching 593.7 billion yuan in the first three quarters, a year-on-year increase of 5.8% [2]. - The average contribution of capital formation from investments to economic growth over the past four years was 30.2% [2]. Support for Private Enterprises - The article discusses the supportive measures for private enterprises, including the establishment of a dedicated bureau for private economic development and the implementation of laws to enhance the status of the private economy [4]. - As of May, there were 1.85 million private economic organizations in China, accounting for 96.76% of total business entities, reflecting a year-on-year growth of 2.3% [4]. State-Owned Enterprises and Reforms - State-owned enterprises have shown resilience and vitality amid challenges, with total assets increasing from less than 70 trillion yuan to over 90 trillion yuan during the "14th Five-Year Plan" period [5]. - The average annual growth rate of profits for state-owned enterprises was 8.3% [5]. National Unified Market Construction - The construction of a national unified market has been advancing, with measures such as cross-province medical insurance settlements and improved payment systems enhancing convenience for consumers [6][7]. - The market access negative list has been reduced from 123 items in 2020 to 106 items in 2025, promoting fair competition and easing market entry for various business entities [6][7].