作为专题展重要亮点之一，"5G智联全球·京彩畅行服务"信息通信主题展由北京市通信管理局指导。北 京市通信管理局办公室副主任刘梦阳发布了信息通信主题展十大体验场景：智慧通关、5G通信服务、 5G智慧出行、5G智能住宿、5G美食畅享、5G智慧文旅、5G智能购物、5G时尚穿搭、5G数字娱乐、智 慧离境等各种应用体验，凸显通信服务贸易国际便利化水平，为全球5G应用提供"北京方案"，助力构 建开放协同的国际数字生态。 来自运营商、行业领军企业、产业园区、行业协会等机构分享本届服贸会ICT展亮点。据悉，中国电信 （601728）北京分公司展区将以沉浸式AI体验为核心，5G展区将赋能新能源汽车智能控制；北京中德 产业园将聚焦德（欧）相关企业落地服务，呈现多领域合作成果；阿里巴巴将展出AI领域领先成果及 应用，阿里云和淘天集团等各有重点展示内容；北京商用密码行业协会将聚集京津冀头部企业设展区， 呈现创新应用成果及相关活动；七六一工场将带来多个国家和地区在AI、半导体、医工融合等前沿领 域的创新技术。 专题展媒体通气会后，会方组织参会企业和媒体代表参观了北京通信电信博物馆，并前往位于大兴的北 京数字经济企业出海创新服务基地进行 ...

Macro Economic Outlook - The report predicts a 5.1% growth in real GDP for 2025, with quarterly growth rates of 5.4%, 5.4%, 4.9%, and 4.7% respectively [4][5] - Retail sales of consumer goods are expected to grow by 5.0%, supported by policies encouraging the replacement of durable goods [4] - Fixed asset investment is projected to increase by 3.7%, while export growth is anticipated to be around 1.5% for the year [4][5] - CPI is expected to remain low with a year-on-year increase of approximately 0%, while PPI is forecasted to be -2.3% [5] Pharmaceutical Industry - The pharmaceutical sector is expected to see a recovery in innovative drugs, with a focus on medical devices and services [10][12] - The report highlights a favorable environment for innovative drugs due to supportive policies and an expected increase in investment activity [11][12] - Medical device procurement data shows signs of recovery, indicating a release of pent-up demand [12] - The medical services sector is anticipated to experience growth due to nationwide payment reforms and signs of recovery in the ophthalmology field [12] - The report emphasizes the potential for a rebound in pharmaceutical consumption driven by domestic consumption stimulus policies [12][13] Integrated Circuit Industry (Ziguang Guowei) - Ziguang Guowei is positioned as a leading player in the integrated circuit industry, focusing on special integrated circuits and smart security chips [16][19] - The company is expected to benefit from a recovery in the special integrated circuit sector, which is projected to see significant growth in the coming years [16][19] - The automotive electronics segment is highlighted as a key growth area, with the MCU market expected to grow significantly [17][19] - The company plans to initiate a share buyback program to enhance employee motivation and support sustainable development [18][19] Real Estate Industry - The real estate sector shows signs of month-on-month improvement in sales, with May 2025 seeing a 10.34% increase in sales area compared to April [22][25] - Despite a negative year-on-year growth of 2.90% in sales area for the first five months, the report indicates a potential stabilization in the housing market due to policy support [22][25] - Real estate development investment is projected to decline by 10.70% year-on-year, but monthly investment showed an 8.68% increase in May [23][25] - The report suggests that leading real estate companies with strong operational capabilities are likely to gain market share [25]

Group 1 - The core theme of the article is the shift from 5G infrastructure to AI computing power as the new battleground for investment and development in China [1][3][6] - The three major telecom operators in China are significantly increasing their capital expenditures on AI computing power, with China Mobile planning to invest 37.3 billion yuan by 2025, which will account for 25% of its total capital expenditure [4][6] - China Telecom's AI computing investment is expected to increase by 22% year-on-year to 22 billion yuan, while China Unicom anticipates a 28% growth, exceeding 18 billion yuan in 2025 [4][6] Group 2 - The emergence of generative AI models like ChatGPT and the anticipated launch of OpenAI's multimodal model Sora in 2024 are driving the demand for AI computing infrastructure [6][7] - North American cloud service providers are leading the investment in AI infrastructure, with a combined capital expenditure of $140.35 billion in 2023, a 30% increase year-on-year, and projected to reach $228.5 billion in 2024, a 55% increase [6][7] - Chinese internet companies and telecom operators are following suit, with a combined capital expenditure of approximately 50 billion yuan in 2023, which is only one-fifth of North America's scale [6][7] Group 3 - The competition for AI computing power is fundamentally about seizing the high ground of AI infrastructure, which is essential for the training and operation of AI models [7] - The AI computing industry chain is experiencing high demand, with investment opportunities across various segments including optical communication, AI chips, and edge computing [7] - Investment vehicles such as the Huaxia AI ETF and the 5G Communication ETF are highlighted as effective tools for investors to gain exposure to the AI and 5G sectors, with the former focusing on AI hardware and software companies and the latter on 5G industry leaders [7][8]