存量政策加快落地见效 新的储备政策陆续出台实施

Economic Overview - The overall economic operation is stable, with a focus on maintaining progress while seeking stability amid a complex external environment [2] - In May, the industrial added value increased by 5.8% year-on-year, and the service production index grew by 6.2%, reflecting a slight improvement from the previous month [2] - Social retail sales in May rose by 6.4%, marking the highest growth rate in 2024, while fixed asset investment showed steady growth, with manufacturing investment up by 8.5% [2] Policy Implementation - The "Two New" policies are being actively implemented, with significant funding allocated for equipment updates and consumer goods replacement programs [3] - A total of 200 billion yuan has been allocated for long-term special government bond support for equipment updates, with the first batch of approximately 173 billion yuan already distributed across 7,500 projects [3] - The sales of goods related to the old-for-new consumer program exceeded 1.4 trillion yuan this year, indicating the effectiveness of the policy [3] Employment and Investment - The government has initiated a new action plan to promote employment and income for key groups through labor-intensive projects, with 16.5 billion yuan allocated for 3,900 projects expected to create jobs for 380,000 people [4] - The proportion of labor remuneration in central project funding has been increased from over 30% to 40%, enhancing support for local employment [4][5] Energy Supply - The national power supply and demand balance is generally secure, with an expected increase of about 10 million kilowatts in peak electricity load this summer [6] - The government is taking measures to enhance energy supply capabilities and has coordinated efforts to ensure stable production and supply of coal and natural gas [6]