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Economic Overview - In the first half of the year, the demand for improved housing in key cities continued to release, leading to a structural increase of 1.16% in new home prices across 100 cities [9] - The Customs General Administration continues to support free trade pilot zones in aligning with international high-standard economic and trade rules, promoting trade facilitation and transparency [9] - A surge in shareholder reductions has been observed in the A-share market, with over 100 listed companies issuing nearly 150 reduction announcements as of July 5 [9] - The Shenzhen real estate market shows a trend where low-priced properties dominate, with homes priced below 40,000 yuan per square meter accounting for 40.8% of transactions [10] - The domestic rental car market is expected to see a nearly 40% year-on-year increase in orders during the summer, with a 230% surge in orders from the post-2005 generation [9] - High-end hotels in China are experiencing a "stalling trend," reflecting survival challenges amid tightening policies and a sluggish market [9] Technology and Innovation - The establishment of the International Deep Space Exploration Society marks a significant step in China's deep space exploration efforts, with the first council led by a prominent Chinese engineer [13] - The National Natural Science Foundation of China announced a pilot funding scheme for major non-consensus projects, set to launch in 2025 [13] - In the first half of the year, nearly 40 new Class 1 innovative drugs were approved, approaching last year's total of 48, with overseas licensing transactions reaching $45.5 billion in the first five months [13]