政策持续显效 消费热力提升

Group 1: Policy Impact on Consumption - A series of consumption-boosting policies have been introduced in China, including measures to promote cultural and tourism consumption, which have injected strong momentum into the consumer market [1][4] - The "old-for-new" policy for consumer goods has significantly accelerated consumption potential, with air conditioning sales on Meituan increasing over tenfold year-on-year in June [1][2] - As of May 31, 2023, the "old-for-new" policy has driven sales of 1.1 trillion yuan across five major categories, with substantial subsidies provided to consumers [2] Group 2: Growth in Service Consumption - Service consumption has seen rapid development, with a 5.2% year-on-year increase in service retail sales from January to May, outpacing the growth of goods retail sales [3][4] - The government has initiated various programs to enhance service consumption, including the "Service Consumption Season" and the promotion of integrated consumption scenarios [4] Group 3: Future Outlook - The outlook for the second half of the year suggests continued growth in consumption, supported by increased policy measures and the release of service consumption potential [5] - Financial support for consumption is being strengthened, with a recent guideline from six departments outlining 19 key measures to enhance consumer capacity and expand financial supply [5]