Economic Daily: The first issue of the economy is more than just "taste testing" consumption.

date
26/07/2025
The characteristic of the first release economy is "first". After several years of development, it is not only the release of new products, the opening of the first store, and the holding of the first exhibition, but also an economic form that integrates new technologies, new sales models, efficient distribution, and first-hand experience. It has shown a trend of rapid scale growth. Data shows that by 2023, the scale of China's first release economy will reach 1.5 trillion yuan; in 2024, Beijing and Shanghai will respectively add 960 and 1,269 new first stores; from January to May this year, Beijing has added nearly 400, held nearly 200 activities such as first exhibitions, first performances, and first shows; Shanghai has added 364, with high-energy first stores accounting for over 20%, highlighting the aggregation effect of international consumer center cities; Sichuan Province consolidates its leading position in the central and western regions as the third in the country, and innovates the "cultural tourism + first store" model by introducing a cluster of non-heritage first stores. The "first" character reflects the continuous upgrade of the supply side, as well as the effective excavation of the iteration and market potential of technological products.