李剑峰 扩大内需是保持我国经济长期持续健康发展的需要，也是满足人民日益增长的美好生活需要。当前，我 国经济面临老龄化加剧的长期压力，增长中枢从高速转向中高速，提高居民消费率、补上消费短板成为 中长期宏观政策的重要目标。在这一背景下，单纯依靠收入分配调整的传统路径面临诸多制约，而通过 产业创新做大增量、以高附加值产业培育消费新动能，正成为更符合帕累托改进的优选方案，其中人工 智能等高科技产业的发展更是为消费升级注入了强劲势能。 在经济高增长时期，经济规模的快速扩张为消费增长提供了天然土壤，居民收入提升与消费扩容呈现良 性互动。但进入经济中高速增长阶段，传统增长动力减弱，若仅聚焦存量分配调整，容易陷入"零和博 弈"的困境。数据显示，2023年我国居民消费率约39.6%，不仅低于美、日等发达国家50%—70%的水 平，也低于全球中等收入国家55%的均值，服务消费占比更是比发达国家低6个—21个百分点。要突破 这一困境，关键在于跳出"分蛋糕"的局限，通过产业创新"把蛋糕做大"，为收入分配和消费增长提供更 大基数。 发展高价值量、高附加值产业，是经济中高速增长时代做大增量的核心抓手。从国际经验看，美国在20 世纪70年 ...

Core Viewpoint - The luxury goods industry is facing a dichotomy between embracing AI technology for efficiency and the risks associated with data privacy breaches, exemplified by Dior's recent data leak incident [1][5][6]. Group 1: AI Adoption in Luxury Brands - Luxury brands like Hermès and Dior are increasingly integrating AI into their operations, from customer data integration to design assistance and marketing content generation [2][3]. - Hermès has established an AI governance committee to ensure ethical application of AI technologies, reflecting a broader trend among luxury brands to enhance efficiency through AI [1][2]. - The International Data Corporation (IDC) predicts that generative AI will improve marketing efficiency by over 40% in the next five years [2]. Group 2: Data Privacy Concerns - The recent data breach at Dior has raised significant concerns among consumers regarding data security, leading to a broader industry-wide apprehension about data handling practices [5][6]. - Consumers are questioning the safety of their non-sensitive data, fearing that it could be misused or lead to privacy violations, especially given the high-net-worth clientele of luxury brands [3][5]. - Experts emphasize the need for luxury brands to establish robust data protection standards that exceed general regulations to maintain consumer trust [5][6]. Group 3: The Dichotomy of Efficiency and Value - The luxury industry is grappling with the challenge of balancing the efficiency brought by AI with the traditional values of craftsmanship and exclusivity [7]. - There is a concern that excessive reliance on AI could undermine the perceived value of luxury goods, as the essence of luxury lies in its scarcity and the time invested in craftsmanship [6][7]. - Some experts argue that AI can enhance the management of scarcity by improving customer experiences and personalizing services, suggesting a potential for AI to coexist with luxury values if used judiciously [6][7].

Economic Overview - The Central Political Bureau meeting emphasized the strengthening of economic leadership and the positive trend in economic performance, with macro policies working in coordination to boost social confidence and high-quality development [1] Consumer Spending - Consumer spending has become a new highlight, with final consumption expenditure contributing 2.8 percentage points to GDP growth in Q1, accounting for over half of the economic growth [2][4] - Service consumption is emerging as a new driving force for economic growth, with per capita service consumption expenditure increasing by 5.4% year-on-year, reaching 43.4% of total per capita consumption expenditure [4] Service Consumption Policies - A series of policies have been implemented to promote service consumption, including the "Consumption Promotion Action Plan" and the "Service Consumption Quality Improvement Action Plan" [3] - The growth in service consumption is supported by the expansion of service supply and improvement in service quality, meeting the personalized and quality demands of consumers [3] Digital Technology in Services - Digital technology plays a crucial role in expanding service consumption and optimizing its structure, with applications in healthcare and e-commerce enhancing service efficiency and consumer experience [5] Emerging Industries - Emerging industries, particularly in AI and biotechnology, are becoming key areas for developing new economic momentum, with high-tech industry fixed asset investment growing by 11.6% year-on-year [7][8] - The digital economy's core industries accounted for about 10% of GDP, with significant growth in digital industry revenue and infrastructure [8] Green Development - The green low-carbon industry is showing strong momentum, with Q1 production and sales of new energy vehicles reaching 3.182 million and 3.075 million units, respectively, with a market share exceeding 40% [11][12] - The share of non-fossil energy consumption in total energy consumption increased by 1.5 percentage points year-on-year, reflecting ongoing energy structure optimization [12] Foreign Trade - Foreign trade showed resilience, with Q1 goods trade reaching 10.3 trillion yuan, a 1.3% year-on-year increase, and exports growing by 6.9% [14] - The diversification of foreign trade markets has reduced reliance on traditional markets, enhancing stability and adaptability in the face of external pressures [16][17] Manufacturing Sector - The manufacturing sector demonstrated strong resilience, with a 6.8% year-on-year increase in value added, supported by robust growth in high-tech and equipment manufacturing [18][19] - The integration of digital technology into manufacturing is accelerating, with significant growth in smart manufacturing and a focus on energy efficiency and environmental sustainability [20] Rural Development - The rural economy is showing positive growth, with agricultural value added increasing by 4.0% year-on-year, supported by the development of rural industries [22][25] - The focus on developing rural industries is expected to enhance agricultural value and increase farmers' income, contributing to overall economic stability [23][24]