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In recent years, the first-time economy has shown a booming trend. The first-time economy refers to the general term for economic activities such as enterprises launching new products, launching new formats, new models, new services, new technologies, and opening first stores. It covers the entire chain development process of enterprises from the first release of products or services, the first exhibition to the first landing store, the first establishment of R&D centers, and then the establishment of corporate headquarters.

The Decision of the CPC Central Committee on Further Deepening Reform and Promoting Modernization with Chinese Style proposes to improve the long-term mechanism for expanding consumption, reduce restrictive measures, reasonably increase public consumption, and actively promote the initial public offering economy. Relevant experts said in an interview with reporters that the initial public offering economy is an important manifestation of a region's commercial vitality, consumption strength, innovation ability, international competitiveness, brand image and openness. Actively promoting the initial public offering economy will inject new impetus into consumption.

Stimulate vitality

Innovation drives the first-time economy. International exhibitions such as the Canton Fair, the China International Import Expo, the China International Fair for Trade in Services, and the China International Consumer Products Expo are all platforms for displaying industrial innovation. Through first-time debuts and exhibitions, companies can receive timely and effective market feedback, better realize the perfect leap from "innovative exhibits to hot-selling products", and then build a first-time economy ecological chain from new product releases to first stores and headquarters.