Economic Performance - China's economy has shown resilience and vitality, with a GDP growth rate of 5.3% in the first half of the year, surpassing last year's performance [2] - The retail sales of consumer goods reached 24.55 trillion yuan, with consumption contributing 52% to economic growth [2] - The political bureau meeting acknowledged the strong recovery momentum and emphasized the need to leverage development opportunities and advantages [2] Macroeconomic Policy - Several foreign financial institutions have raised their growth forecasts for China, citing the consistency and foresight of macroeconomic policies as key reasons [3] - The political bureau meeting called for maintaining policy continuity and stability while enhancing flexibility and foresight [3] - There is a focus on effective release of domestic demand potential and expanding effective investment, including fostering new growth points in service consumption [3] Market Competition - The meeting addressed the need for comprehensive governance of "involutionary" competition, aiming to optimize market competition order [4] - Measures include revising pricing laws, regulating disorderly competition, and managing capacity in key industries [4] - The focus on addressing "involutionary" competition is expected to become a central theme in China's macroeconomic policy moving forward [5]
(经济观察)中央政治局定调下半年经济工作 传递多重有力信号
Zhong Guo Xin Wen Wang·2025-07-30 12:31