苏超赛场热气腾腾，场外球迷们一边逛着市集、吃着美食，一边盯着屏幕关注赛况直播……这是苏 州全城数十个足球夜市的火爆场景，也是苏州消费活力的生动展现。 统计显示，今年上半年，苏州消费市场交出了一份活力涌动的成绩单，全市实现社会消费品零售总 额4635.0亿元，同比增长3.8%，增速较一季度提高0.9个百分点，消费潜力持续释放，新增长点不断涌 现。 江锅盖面香气交织。据统计，这场市集吸引超1.3万人次打卡。镇江球迷陈帆一家提前一天来到苏州， 不仅免费玩了园林，也遇见了让他惊喜的"苏州超级夜"市集。"苏州的美食让人大饱口福，专门设计成 足球、镇醋宝、苏蟹萌形状的糕点也很受小朋友喜欢。"在市集现场，他一下子买了8盒稻香村苏超版糕 点，准备带回家做伴手礼。 "赛事+""美食+""演艺+""会展+"带来的消费涟漪持续扩散。距离苏州市体育中心不到一公里的新城 花园酒店，每逢赛事日、演唱会日，酒店的客房预订量都会出现大幅上涨。酒店市场营销部总监李清树 表示，在"苏超"比赛的当天，客房出租率跟周日的出租率同期相比，净增40%以上。"下个周末又有主 场比赛，目前已经有很多外地球迷提前打电话预订咨询。"他还说，"苏式特色餐饮和自助 ...

Core Insights - In the first half of 2025, China's total retail sales of consumer goods increased by 5.0% year-on-year, reflecting a recovery in consumer confidence supported by government policies [1] - Major cities like Shanghai, Beijing, Guangzhou, Tianjin, and Chongqing are emerging as international consumption centers, contributing over 1/8 of the national consumption total [7] Group 1: National Consumption Trends - The retail sales growth is driven by the "old-for-new" policy, with significant increases in the sales of home appliances and communication equipment, all exceeding 20% year-on-year [1] - The nominal per capita disposable income of residents grew by 5.3%, while the actual growth was 5.4%, indicating a continuous improvement in residents' income [1] Group 2: City-Specific Developments - Shanghai has regained its status as the "Consumption First City," with a retail sales total of 8260.41 billion yuan, a year-on-year increase of 1.7% [2] - In Beijing, despite a decline in overall consumption, there is a notable potential for growth in fashion and new consumption models, supported by technology and cultural events [2] - Guangzhou is focusing on creating unique consumption experiences and enhancing its night economy, with initiatives like food festivals and e-commerce events [3] - Chongqing has emerged as a new "Consumption First City," with retail sales reaching 4204.32 billion yuan, a year-on-year increase of 4.1% [4] Group 3: International Consumption Center Development - The international dimension emphasizes the need for an open environment and improved international reception capabilities to enhance consumption levels [5] - The consumption dimension focuses on upgrading supply and demand, promoting green and intelligent products, and expanding service-oriented consumption [6] - The center dimension aims to enhance resource aggregation and regional consumption upgrades, while the city dimension focuses on improving the overall consumption environment [6] Group 4: Future Outlook - The ongoing development of international consumption centers is expected to play a crucial role in boosting domestic demand and promoting high-quality development [7] - Future strategies include strengthening the "first launch economy," optimizing the international consumption environment, and enhancing urban communication capabilities [7]

Economic Performance - In the first half of the year, China's GDP reached 66.05 trillion yuan, with a year-on-year growth of 5.3%, laying a solid foundation for achieving the annual target of around 5% [1] - The economic performance exceeded external expectations, driven by the "old-for-new" policy that boosted consumption and resilient foreign trade [1][3] - However, investment growth slowed in the second quarter, indicating a need for enhanced macroeconomic policies in the second half [1] Economic Structure and Growth Potential - The growth rate of 5.3% reflects the resilience of the Chinese economy, with significant contributions from high-tech manufacturing and the digital economy [3] - The proportion of traditional sectors like real estate is declining, while new growth drivers are emerging, such as high-tech manufacturing, which saw a 9.5% increase in value-added output [3] - There is potential for exceeding the annual GDP growth target if external conditions, such as US-China trade negotiations, remain favorable [3] Consumption and Investment Strategies - To stimulate economic growth, there is a focus on enhancing internal economic momentum and boosting consumer demand, particularly in service consumption as residents' income levels rise [3][5] - Recommendations include optimizing subsidy structures for consumption, controlling subsidy distribution to prevent demand vacuums, and expanding the scope of subsidies to include service consumption [5] - Long-term strategies involve improving residents' income and consumption capabilities, enhancing social security systems, and shifting consumer attitudes towards spending [5][9] Real Estate Market Dynamics - The real estate market has shown signs of stabilization, but recent data indicates a renewed decline in housing prices and sales since April [10] - The government is expected to increase support for the real estate sector in the second half of the year to stabilize the market [10] - Innovative financial models are suggested, including asset securitization of existing housing, special bond financing for local governments, and green finance initiatives to support sustainable development in real estate [11]

Group 1 - The retail sales of consumer goods in Henan province reached 1.42 trillion yuan, with a year-on-year growth of 7.2%, surpassing the national average by 2.2% [1] - The demand for green and smart home appliances has increased significantly, with sales of energy-efficient appliances rising by 41.24% and communication equipment by 208% in the first half of the year [2] - The local brand "Mixue Ice City" has expanded globally with over 36,000 stores, showcasing the strength of Henan's consumer brands [2] Group 2 - The province has actively promoted consumption through various initiatives, including the "New Year Consumption Season" and the development of "night economy" districts [1] - The retail sales of limited above units increased by 13.5% year-on-year, while the catering revenue grew by 9.1% [2] - The growth in consumer spending is driving the development of local industries, with more green and smart products entering households [2]

"618"期间，线上线下促销活动持续多日，消费者对于以旧换新的热情不减。然而，社交媒体也出现一些关于 部分地区暂时无法申领"国补"的讨论。针对相关热点话题，记者在多地进行了采访。 5月底以来，关于重庆、江苏、湖北等地"国补"暂时无法领取的讨论，在社交媒体上引发关注。 记者查阅云闪付App重庆消费品以旧换新页面，一则公告提及绿色智能家电、家装厨卫"焕新"27个小类补贴 资金已使用完毕。 近日在登录淘宝的国补专区时，记者也看到，江苏省的页面曾出现"江苏国补活动升级中，升级期间您将无法 领取"的提示。京东国补专区湖北省的页面也曾出现"湖北智能家居国补活动升级中"等提醒。 消费品以旧换新是国家层面部署推进的一项重要政策。为何各地执行落地后，"国补"使用情况不尽相同？ 记者通过调研发现，在国家确定补贴规则"大框架"的基础上，各地拥有一定的自主权，可以确定国补落地 的"小细节"，如具体如何申领使用补贴等。 中国社科院财经战略研究院财政研究室主任、研究员何代欣认为，少数地区政策实施进度较快，跟当地消费 结构和消费者积极性有关。"这也说明市场对'国补'的需求旺盛，政策激发了消费活力。" 今年以来，消费品以旧换新政策"加力"又 ...

财经聚焦丨一些地区取消"国补"？不存在的——消费品以旧换新热点追踪 "618"期间，线上线下促销活动持续多日，消费者对于以旧换新的热情不减。然而，社交媒体 也出现一些关于部分地区暂时无法申领"国补"的讨论。针对相关热点话题，记者在多地进行 了采访。 5月底以来，关于重庆、江苏、湖北等地"国补"暂时无法领取的讨论，在社交媒体上引发关 注。 记者查阅云闪付App重庆消费品以旧换新页面，一则公告提及绿色智能家电、家装厨卫"焕 新"27个小类补贴资金已使用完毕。 近日在登录淘宝的国补专区时，记者也看到，江苏省的页面曾出现"江苏国 补活动升级中，升 级期间您将无法领取"的提示。京东国补专区湖北省的页面也曾出现"湖北智能家居国补活动 升级中"等提醒。 业内人士表示，少部分地区阶段性地完善了"国补"政策实施节奏，实际上消费品以旧换新工 作将持续全年，消费者每月每周都有参与申领"国补"的机会。最近一些企业、平台和自媒体 借机炒作，搞饥饿营销，营造恐慌情绪，消费者要特别注意辨别。实际上，除上述少数地区 外，大多数省份国补优惠活动也在正常推进。 消费品以旧换新是国家层面部署推进的一项重要政策。为何各地执行落地后，"国补"使用情 ...

来源：新华社、人民日报 后续还有1380亿元中央资金将分批有序下达 "国补"将继续惠及广大消费者 "618"期间，线上线下促销活动持续多日，消费者对于以旧换新的热情不减。然而，社交媒体 也出现一些关于部分地区暂时无法申领"国补"的讨论。针对相关热点话题，记者在多地进行 了采访。 5月底以来，关于重庆、江苏、湖北等地"国补"暂时无法领取的讨论，在社交媒体上引发关 注。 记者查阅云闪付App重庆消费品以旧换新页面，一则公告提及绿色智能家电、家装厨卫"焕 新"27个小类补贴资金已使用完毕。 近日在登录淘宝的国补专区时，记者也看到，江苏省的页面曾出现"江苏国补活动升级中，升 级期间您将无法领取"的提示。京东国补专区湖北省的页面也曾出现"湖北智能家居国补活动 升级中"等提醒。 正是基于这些表述，部分网友开始猜测，一些地方"国补"是否就此停止？ 通过采访多地相关负责部门和相关负责人，记者了解到，所谓取消"国补"的情况是不存在 的。 记者联系江苏省商务厅市场运行和消费促进处获悉，江苏消费品以旧换新政策并未暂停。江苏 此前发布的相关通知明确了"消费品以旧换新资金实行限额管理、资格调控"的规定，即"国 补"实行限额管理。 记者 ...

Core Viewpoint - The "National Subsidy" program for replacing old consumer goods is facing temporary disruptions in certain regions, but it is not being canceled. The program continues to be an important policy for stimulating consumption and economic activity across China [1][2][3]. Group 1: National Subsidy Program Status - Discussions on the temporary unavailability of "National Subsidy" in regions like Chongqing, Jiangsu, and Hubei have gained attention on social media, but officials confirm that the program is still active [1][2]. - Jiangsu's subsidy policy is not paused; it operates under a limit management system for funding [1][2]. - Hubei's subsidy program is set to continue through the end of 2025, with daily limits on the issuance of qualification vouchers for certain products [2][3]. Group 2: Funding and Implementation - The total funding for the "National Subsidy" program has increased from 150 billion yuan last year to 300 billion yuan this year, with funds allocated based on various regional factors [3][4]. - As of May 31, 2023, the program has generated a total sales volume of 1.1 trillion yuan across five major categories, with approximately 175 million subsidies issued to consumers [5][6]. Group 3: Market Impact and Consumer Behavior - The program has significantly boosted sales in related consumer goods, with notable sales figures reported in Hubei and Liaoning, indicating a positive impact on consumer behavior and market dynamics [5][6]. - Experts suggest that the program not only enhances sales but also promotes structural upgrades in consumer goods and transformation in related industries [6].

Core Viewpoint - The "618" shopping festival is driving a new wave of consumer enthusiasm, supported by the "old-for-new" policy and promotions from major e-commerce platforms, significantly boosting sales in consumer goods [1] Group 1: Policy Implementation - The "old-for-new" policy is a crucial measure for accelerating the construction of a new development pattern and promoting high-quality economic and social development [1] - As of May 31, 2023, the five major categories of consumer goods under the "old-for-new" policy have generated a sales volume of 1.1 trillion yuan, with approximately 175 million subsidies issued directly to consumers [1] Group 2: Recommendations for Improvement - Dynamic adjustment of the funding pool is suggested, introducing a "rolling allocation" measure to enhance the precision and efficiency of subsidy distribution [2] - Transitioning from "price subsidies" to "technology subsidies" is recommended to guide industrial upgrades, focusing on supporting green appliances and smart manufacturing products [3] - Establishing a multi-party collaborative model is essential, enhancing the role of enterprises in driving the initiative through data sharing and innovative subsidy mechanisms [4] Group 3: Future Outlook - Continuous experience accumulation and collaborative efforts are expected to sustain the "old-for-new" policy, injecting strong momentum into high-quality economic development [5]

Core Viewpoint - The green smart home appliance subsidy program in Chongqing has been suspended due to the exhaustion of available funds, impacting consumer purchasing behavior and the home appliance market [1][4][10]. Group 1: Policy and Funding - The "National Subsidy" policy for green smart home appliances was implemented to promote the replacement of old appliances with new ones, with a total of 300 billion yuan allocated for 2025, doubling the amount from 2024 [4][5]. - The funding is distributed to local governments based on a 9:1 cost-sharing principle, with varying central government support ratios across different regions [5][6]. - As of June 3, the first round of subsidy funds in Chongqing has been fully utilized, leading to the suspension of the subsidy program until further notice [1][4]. Group 2: Market Impact - The suspension of the subsidy program has led to a significant impact on home appliance sales, particularly during the 618 shopping festival, with reports of increased foot traffic and sales prior to the suspension [10]. - Chongqing's implementation of the subsidy program has resulted in 42.88 billion yuan in subsidies claimed, benefiting 3.4 million consumers and driving 288 billion yuan in sales for key products [9][10]. - The overall demand for consumer goods under the old-for-new policy has been strong, with many regions reporting high utilization rates of the initial subsidy funds [5][6].