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On January 26th, the State Taxation Administration, using tax big data to track and analyze consumption, revealed several new highlights in my countrys consumer market in 2025. Demand for home appliances, mobile phones, and new energy vehicles was strongly released; new consumption models and scenarios continued to innovate and integrate; the silver-haired group demonstrated significant consumption potential; and inbound tourism boosted consumption. In 2025, home appliance consumption showed an upward trend, with sales revenue from the retail of refrigerators and other daily household appliances, kitchen and bathroom appliances such as gas stoves, and communication equipment such as mobile phones increasing by 17.4%, 12.9%, and 18.6% year-on-year, respectively. The consumption of new energy vehicles continued to rise. Data from the unified invoice for motor vehicle sales showed that in 2025, sales volume and sales revenue of new energy passenger vehicles increased by 24.3% and 21.1% year-on-year, respectively.On January 26th, the State Taxation Administration, through big data analysis of tax revenue, reported that the shopping experience for inbound tourists has been continuously optimized, effectively stimulating inbound consumption potential, thanks to measures such as lowering the threshold for tax refunds, raising the cash refund limit, relaxing store registration requirements and simplifying the registration process, and promoting "instant refund upon purchase" for tax refunds. In 2025, the number of overseas tourists applying for tax refunds is expected to increase by 305% year-on-year, sales of tax-refundable goods by 95.9% year-on-year, and the amount of tax refunds by 95.8% year-on-year.On January 26th, a press conference on the economic and social development of Hunan Province in 2025 was held in Changsha. The conference reported that, according to the unified accounting results for regional GDP, Hunans GDP in 2025 reached 5,530.865 billion yuan, maintaining its position among the top ten in the country, representing a year-on-year increase of 4.8% at constant prices. Specifically, the added value of the primary industry was 495.176 billion yuan, an increase of 4.2%; the added value of the secondary industry was 1,991.546 billion yuan, an increase of 4.1%; and the added value of the tertiary industry was 3,044.143 billion yuan, an increase of 5.3%.On January 26th, according to foreign media reports, Malaysian palm oil futures opened higher on Monday, supported by rising prices of competing commodities such as edible oils and crude oil, although a stronger ringgit limited gains. The most active soybean oil contract on the Dalian Commodity Exchange rose 1.16%, while the palm oil contract rose 0.76%. Soybean oil prices on the Chicago Board of Trade rose 0.56%. Palm oil often follows the price fluctuations of competing commodities due to competition for market share in the global vegetable oil market. Crude oil prices continued their upward trend after rising more than 2% in the previous trading day, with tensions between the US and Iran keeping investors cautious, despite the full resumption of operations on Kazakhstans main export pipelines. The strength in crude oil futures increased the attractiveness of palm oil as a feedstock for biodiesel. The ringgit, the currency for palm oil trading, appreciated 0.92% against the US dollar, making it more expensive for buyers holding foreign currency to purchase the commodity.On January 26, the State Administration for Market Regulation released the results of the 2025 national supervision and spot check on the quality of 18 types of products, including paper containers for food contact. A total of 1,133 batches of food-related products, including paper containers for food contact, were sampled, and 30 batches of substandard products were found, including 4 batches of illegal and non-compliant products and 26 batches of substandard products. Paper containers for food contact are usually containers made primarily of paper or cardboard and are used for direct contact with food. Common products in daily life include paper cups, paper lunch boxes, paper cans, and paper bags. In response to the problems found in this national supervision and spot check, the State Administration for Market Regulation required relevant provincial market supervision departments to deal seriously with the production and sales units of illegal and non-compliant products in accordance with laws and regulations; to take measures such as sealing and seizing the substandard products found in the spot check, and strictly prohibit their continued sale; and to clarify the rectification requirements for the production and sales units of substandard products, strictly supervise the implementation of rectification measures, and promptly organize follow-up inspections to effectively ensure product quality and safety.