Core Insights - The "15-minute convenience service circle" is expected to create a larger market space over the next five years, tapping into a trillion-level consumption market [1][6] - The upcoming "National 15-Minute Convenience Life Service Month" aims to enhance community services and stimulate consumption [3][5] Group 1: Policy and Initiatives - The Ministry of Commerce will organize the third "National 15-Minute Convenience Life Service Month" starting October 1, transitioning from a festival to a month-long service initiative [3][5] - The initiative reflects a significant shift in urban governance, aiming to normalize the construction of convenience service circles as a continuous public welfare project [3][4] - The "Three-Year Action Plan for the Comprehensive Promotion of Urban 15-Minute Convenience Life Circles (2023-2025)" aims to enhance the diversity of life service industries and improve economic circulation [3][4] Group 2: Market Potential and Economic Impact - By July 2025, 6,255 convenience service circles are expected to be established across 210 pilot areas, serving 129 million residents and involving 1.503 million commercial outlets [4][6] - The "100 Cities, 10,000 Circles" goal aims to establish 10,000 well-structured convenience service circles by 2030, potentially creating over 10 million job opportunities [6][7] - The development of these service circles is anticipated to invigorate community commerce and enhance the overall quality of life, thereby generating significant investment and consumption demand [6][7]