Shen Wan Hongyuan released a research report saying that the current round of policies covers a wide range of areas and has remarkable structural characteristics. The consumer sector has a foundation for restoration, focusing on four main lines: First, the bulk durable goods upgrade chain: the entire automobile industry chain, used cars, automobile aftermarket, smart home, and home appliance replacement. Second, people's livelihood just needs a circuit: the silver hair economy, consumer goods for infants and children. Policies continue to expand supply and broaden channels, and there is strong certainty about growth. Third, the booming upgrade circuit: AI hardware, green products, and healthy consumption correspond to the 10 trillion target, and the industry and consumption policies resonate. Fourth, Guochao and offline channel chains: time-honored domestic products, county retail, and sinking market channels, benefiting from the sinking of channels and the dividends of urban and rural commercial transformation.

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