专家解读2025年中国经济“半年报”

Economic Performance - China's economy shows strong resilience and vitality in 2025, with a focus on improving living standards and meeting consumer demands for higher quality products and services [1] - The economy achieved a growth rate of 5.3% in the first half of the year, supported by continuous fiscal and financial policy efforts [2] Foreign Trade - China's foreign trade demonstrates resilience, positioning the country as a stabilizing force in the global trade system, with potential for continued stable growth [1][2] - There is an expectation for a more diversified domestic import structure, supported by ongoing mechanisms to reduce market uncertainties [1] Financial Market - The financial market has performed well despite significant pressures, with positive effects from recent financial policies implemented in September 2022 and May 2023 [2] - Credit support is increasingly directed towards inclusive finance, green finance, and technology innovation finance, with loan growth rates surpassing overall loan growth [2] Real Estate Market - The real estate market is stabilizing, driven by demand for "good houses" in hot cities and regions, indicating a potential recovery [2] - Future real estate policies are expected to stabilize expectations, activate demand, optimize supply, and mitigate risks [2] Competition Issues - Addressing "involution" competition requires distinguishing it from fair competition, with a focus on regulatory standards, legal measures, and policies to boost effective demand and consumer confidence [3]