Sou Hu Cai Jing·2025-07-04 09:13Economic Outlook - The chief economist of CITIC Securities, Huang Wentao, identifies ten highlights for the Chinese economy in the second half of the year [1] - The willingness of foreign investors to allocate assets in China is increasing, influenced by the anticipated interest rate cuts by the People's Bank of China and a stable CPI [1] - The Hong Kong stock market is expected to benefit from a strong performance in the first half of the year, with a focus on technology sectors and new economy enterprises [1] Fiscal and Policy Support - Fiscal policy is likely to be strengthened in response to weakening external demand, focusing on efficiency and supporting key expenditures to achieve economic growth targets [1] - Policies aimed at boosting service consumption are expected to accelerate, with a shift from "needs" to "wants" in consumer behavior [2] - Supportive measures are being implemented to release domestic demand potential, including interest rate adjustments and revitalizing real estate [2] Industry and Technological Development - The acceleration of industrial upgrades is highlighted as a main line for economic growth, with significant policy support for emerging industries [1] - Continued breakthroughs in technology are anticipated, with increased support for research and development across various fields [1] - The development of new productive forces is guiding the construction of Chinese-style modernization, with an emphasis on building a unified national market [3]