新华社北京12月25日电 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提 出："创新发展数字贸易"。数字贸易是以数据为关键生产要素、数字服务为核心、数字订购和交付为主 要特征的贸易，包含数字订购贸易和数字交付贸易。当前，全球数字贸易蓬勃发展，已成为国际贸易发 展新趋势和经济新增长点。《建议》对创新发展数字贸易作出部署，具有重大意义。 近年来，我国数字贸易快速发展，已同货物贸易、服务贸易一道，成为贸易强国建设的"三大支柱"。从 发展规模看，2024年可数字化交付的服务进出口规模（包括数字产品贸易、数字服务贸易、数字技术贸 易和数据贸易等）达2.9万亿元，同比增长6.5%；跨境电商进出口总额（主要指数字订购贸易）达2.7万 亿元，同比增长14%。从细分领域看，一大批数字影视、网络游戏等数字产品广受全球欢迎，人工智 能、云服务等数字技术贸易稳步发展，互联网平台服务等数字服务贸易增长势能显现，数据贸易枢纽地 位逐步凸显。从产业基础看，我国数字经济规模稳居世界第二，消费市场潜力巨大，数字技术应用场景 日益丰富，为数字贸易发展提供了有力支撑。 同时，我国数字贸易发展也面临一些问题和挑战，如数字服务市场开放 ...

新华社北京12月25日电 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出："创 新发展数字贸易"。数字贸易是以数据为关键生产要素、数字服务为核心、数字订购和交付为主要特征 的贸易，包含数字订购贸易和数字交付贸易。当前，全球数字贸易蓬勃发展，已成为国际贸易发展新趋 势和经济新增长点。《建议》对创新发展数字贸易作出部署，具有重大意义。 近年来，我国数字贸易快速发展，已同货物贸易、服务贸易一道，成为贸易强国建设的"三大支柱"。从 发展规模看，2024年可数字化交付的服务进出口规模（包括数字产品贸易、数字服务贸易、数字技术贸 易和数据贸易等）达2.9万亿元，同比增长6.5%；跨境电商进出口总额（主要指数字订购贸易）达2.7万 亿元，同比增长14%。从细分领域看，一大批数字影视、网络游戏等数字产品广受全球欢迎，人工智 能、云服务等数字技术贸易稳步发展，互联网平台服务等数字服务贸易增长势能显现，数据贸易枢纽地 位逐步凸显。从产业基础看，我国数字经济规模稳居世界第二，消费市场潜力巨大，数字技术应用场景 日益丰富，为数字贸易发展提供了有力支撑。 同时，我国数字贸易发展也面临一些问题和挑战，如数字服务市场开放 ...

本文核心数据：传媒行业、新闻出版行业 出版印刷企业数量实现稳中有增 新技术革命推动出版印刷行业加速"提质减量"，企业数量在结构调整中呈现企稳回升态势。2021年我国 规模以上出版印刷企业数达9518家，同比增长2.66%;2022年受行业整合影响略有波动，2024年开始逐步 回升，反映出行业在技术升级与规范管理下，优质企业竞争力进一步凸显。 注：国家统计局出版印刷企业数据截止到2023年，图中2024年数据为初步统计值 图书出版总印数彰显内容韧性 2019-2024年我国图书出版总印数整体稳健，内容质量提升成为行业发展核心支撑。2022年受多重因素 影响，图书出版总印数降至114亿册，同比下跌 3.91%;2023年开始逐步回暖，2024年进一步回升至118 亿册，同比增长3.51%，其中主题出版、少儿读物、科普类图书印数增速领先。 转自：前瞻产业研究院 行业主要上市公司：蓝色光标(300058.SZ)、利欧股份(002131.SZ)、三七互娱(002555.SZ)、浙文互联 (600986.SH)、省广集团(002400.SZ)、芒果超媒(300413.SZ)、凤凰传媒(601928.SH)、中南传媒 (6 ...

Core Points - Yu Minhong issued an apology letter to employees while on a trip to Antarctica, explaining his intentions and addressing employee concerns about his travel and the use of red font in the letter [1][3][4] - The letter, which included descriptions of the Antarctic scenery, did not resonate well with employees, leading to criticism regarding the contrast between the CEO's distant experience and the employees' realities [4][5] - Yu Minhong clarified that the trip was not solely for personal leisure but also involved discussions on youth natural exploration education, with plans to establish a youth exploration center [5][8] Company Background - New Oriental Education Technology Group was founded in 1993 and became the first Chinese education institution to be listed on the New York Stock Exchange in 2006 [9] - The company has faced significant challenges since August 2021 due to regulatory changes and the pandemic, leading to a transformation towards live streaming and other new business areas [10] - Recent financial reports indicate a sharp decline in net profit and a slowdown in core education business growth, with a 73.7% drop in net profit to $7.1 million for the fourth quarter of fiscal year 2025 [10][11] Financial Performance - For the first quarter of fiscal year 2026, New Oriental reported net revenue of $1.523 billion, a year-on-year increase of 6.1%, driven by new education business growth [10] - The company expects second-quarter net revenue to be between $1.132 billion and $1.163 billion, with a year-on-year growth rate of 9% to 12% [10] - As of November 21, 2023, New Oriental's stock price in the U.S. was $51.65, with a market capitalization of $8.2 billion, while its Hong Kong stock price was reported at HKD 39.2, with a market capitalization of HKD 619 billion [11][13]

Group 1 - The core viewpoint is that Guangdong Province aims to accelerate the construction of a national digital economy innovation development pilot zone, targeting that by 2027, the core industry value of the digital economy will account for over 16% of GDP, with an annual compound growth rate of over 15% for the data industry, and the scale of the artificial intelligence core industry exceeding 440 billion yuan [1] - The Thai Foreign Ministry's official highlighted that digital transformation extends beyond trade and investment to include cross-border e-commerce, digital payment systems, artificial intelligence, smart healthcare, online education, multimedia communication, and high-tech in digital agriculture and agricultural production [1][4] Group 2 - The rapid development of the digital economy presents significant opportunities for the growth of small and medium-sized enterprises, enhancing productivity and building a regional digital ecosystem [4] - There is an urgent need for governance in artificial intelligence, cybersecurity, prevention of cybercrime, and online risk control due to the rapid growth of the digital economy, suggesting close cooperation between ASEAN and China to establish legal frameworks and unified standards [4]

Core Viewpoint - The internal letter from Yu Minhong, founder of New Oriental, while expressing gratitude to employees, has sparked controversy as employees feel disconnected from the founder's experience in Antarctica during a time of significant work pressure [4][6][9]. Group 1: Company Background - New Oriental was founded in 1993 by Yu Minhong, starting from a small classroom and expanding into a major educational institution, becoming the first Chinese education company to be listed on the New York Stock Exchange in 2006 [9]. - The company has diversified its services to include study abroad consulting, preschool education, and online education, but has faced significant challenges in recent years, leading to a substantial decline in stock price and market value [9][10]. Group 2: Recent Developments - As of the fourth quarter of the 2025 fiscal year, New Oriental reported a 73.7% drop in net profit to $7.1 million, primarily due to losses in the Oriental Selection business and goodwill impairment [10]. - The company’s revenue growth has slowed, with a decrease from 43.9% in the previous fiscal year to 13.6% [10]. - For the first quarter of the 2026 fiscal year, New Oriental reported net revenue of $1.523 billion, a year-on-year increase of 6.1%, driven by new educational business growth [10]. Group 3: Market Performance - On November 17, New Oriental's stock in Hong Kong rose by 0.35% to HKD 41.48, with a market capitalization of HKD 65.6 billion [10]. - In the U.S. market, New Oriental's stock fell by 1.8% to $52.31, with a market capitalization of $8.3 billion [11].

Core Insights - The company aims to empower partners and small businesses in various areas such as solution development, data collection, technology upgrades, and corporate training [1] - The company is inviting global practitioners in the embodied intelligence field to collaborate in technical services, training, course development, and research guidance [1] Company Overview - The company, "Embodied Intelligence Heart," is a leading creative platform in the domestic embodied intelligence sector, offering services that include online education, offline training, corporate consulting, promotional services, hardware R&D, and solution provision [3] Main Directions - The focus areas include but are not limited to: VLA, VLN, Diffusion Policy, Reinforcement Learning, VLA+RL, remote operation, motion capture, sim2real, multimodal large models, simulation, motion control, end-to-end systems, and 3D perception [5] Job Description - The positions are primarily aimed at embodied course development, solution R&D, hardware development, and training collaboration, targeting B-end clients such as enterprises, universities, and research institutes, as well as C-end clients including students and job seekers [6] Contact Information - Interested parties can add WeChat oooops-life for further inquiries [7]

Core Viewpoint - The recent issuance of policies by the Ministry of Commerce and other departments aims to address bottlenecks in service consumption, promoting a shift towards service consumption as a dominant form of consumption in China [1] Group 1: Current State of Service Consumption - China's service consumption is characterized by multi-layered and diversified features, with a growing demand for quality in basic services such as education, healthcare, and elderly care [2] - There is a rapid increase in demand for improved services, with cultural, tourism, and sports services becoming key areas for consumption upgrades [2] - Emerging high-end services like premium healthcare and customized tourism are flourishing [2] Group 2: Challenges in Service Consumption - Service consumption faces challenges such as mismatched supply and demand, with a surplus of low-end services and a shortage of high-end services [2] - Quality standards in services are not well established, leading to high decision-making costs for consumers and inhibiting immediate consumption [2] - There is a notable shortfall in services for the elderly and childcare, alongside a lack of professional talent in critical areas like elderly care [2] Group 3: Solutions to Address Bottlenecks - Digital technology can play a crucial role in bridging gaps, with internet platforms efficiently matching supply and demand, and big data providing insights into consumer needs [3] - Standardization in service quality is essential, as services are inherently intangible and heterogeneous, necessitating a robust standard system to ensure quality [3] - Market-oriented reforms in the talent market are vital, focusing on innovative vocational education and the effective use of data as a new production factor [3] Group 4: Policy Recommendations - A differentiated approach is needed for various service categories, ensuring basic public services are equitable, while expanding supply for inclusive services through policy guidance [4] - For high-end personalized services, market vitality should be stimulated through deeper reforms, encouraging innovation and competitive differentiation [4] - Establishing a multi-layered and diversified service supply system is crucial to meet the growing needs of the population for a better quality of life [4]

Core Insights - The Ministry of Commerce and nine other departments issued a notice on September 2025 to expand service consumption, proposing five key measures aimed at enhancing service consumption across various sectors [2][13]. - The five measures are interconnected, creating a comprehensive mechanism that addresses both supply and demand sides, with the most benefited sectors being cultural tourism, leisure entertainment, sports health, medical care, and the integration of "digital + services" [3][4]. Measure Summaries - **Cultivating Service Consumption Promotion Platforms**: This serves as the foundational framework for service consumption, supporting the upgrade of various consumption platforms, both online and offline, to reduce transaction costs and enhance consumer experience [3][4]. - **Enriching High-Quality Service Supply**: This is the core engine aimed at solving the "what to consume" issue by increasing the availability of high-quality and diverse service products, thus stimulating consumer demand [3][4]. - **Stimulating Incremental Service Consumption**: This measure focuses on creating scenarios and demands to convert potential consumption capacity into actual behavior, injecting continuous customer and capital flow into the market [3][4]. - **Strengthening Financial Support**: This acts as the "blood" of the system, guiding financial resources towards the service consumption sector, enabling consumers to spend and businesses to innovate [3][4]. - **Improving Statistical Monitoring Systems**: This serves as the "brain" of the policy, ensuring that the entire system can adapt flexibly based on actual conditions, allowing for precise governance and continuous optimization [3][4]. Industry Opportunities - The transition from "material consumption" to "service consumption" is a significant historical trend, with industries such as cultural tourism, leisure entertainment, sports health, and medical care expected to benefit the most as GDP per capita exceeds $12,000 [5][6]. - New business models in cultural tourism and leisure, such as immersive experiences and night economy activities, are anticipated to see explosive growth due to policy encouragement [5][6]. - The aging population is driving demand for home care, community care, and high-end elderly care services, alongside health management and psychological counseling, indicating a vast market potential [6][5]. - The integration of "digital + services" is crucial for enhancing efficiency and creating new supply, with continuous innovation expected in online education, telemedicine, and digital cultural tourism [6][5]. Policy Implementation - The service consumption quality improvement initiative is a long-term quality revolution aimed at enhancing service quality and variety, ultimately rebuilding consumer confidence and stabilizing consumption [7][8]. - The combination of long-term quality improvement actions and short-term promotional activities is designed to stimulate consumption effectively [7][8]. - The successful implementation of these policies hinges on breaking down barriers, providing targeted support for various sectors, and ensuring a transparent and efficient policy execution process [9][10].

Core Insights - China's service consumption growth has outpaced that of goods consumption, indicating a significant shift in economic structure towards a service-oriented economy [1][4] - The average annual growth rate of service consumption expenditure from 2020 to 2024 is projected to be 9.6%, with 46% of consumer spending now allocated to services [2][4] Economic Structure Impact - The increasing importance of the service sector in the national economy is highlighted by the average service industry value-added ratio of 54.6% over the past decade, which is expected to rise further due to rapid service consumption growth [4] - This shift reflects a change in consumer attitudes from material goods to higher-quality life experiences, driving demand in sectors like tourism, culture, and health services, thus stimulating related industries and promoting economic resilience [4] Global Trends in Service Consumption - Global service consumption is trending towards digitalization, sustainability, personalization, and experience-oriented services, with China leading in areas such as mobile payments and shared economy models [5][6] - The rise of digital services is supported by advancements in AI, 5G, and other technologies, which have accelerated demand for remote services like online education and digital healthcare [5][6] Emerging "Dark Horse" Sectors - Future growth in China's service consumption is expected in sectors such as the silver economy, sports consumption, and AI-integrated services, driven by demographic changes and technological innovation [8][9] - The silver economy will see increased demand for elder care, health management, and community services as the population ages [8] - Sports consumption is poised for growth through innovations in venues and events, while AI will create new service models in health, education, and legal sectors [8][9] Opportunities for Multinational Companies - The rising demand for high-end medical, financial, and digital entertainment services in China presents new opportunities for multinational companies to leverage their expertise and technology [11] - Companies in pharmaceuticals and medical devices can engage in precision medicine and anti-aging treatments, while financial institutions can focus on wealth management and green finance [11] Service Trade Cooperation - The recent service trade fair attracted nearly 2,000 exhibitors, providing a platform for countries to showcase their capabilities in digital, green, and professional services [12] - The fair aims to facilitate deep integration of industrial, innovation, and service chains, promoting a sustainable global service trade landscape [12]