政治局会议：下半年宏观政策“适时加力”，增强资本市场吸引力和包容性

Economic Growth and Policy Measures - China's economy achieved a growth rate of 5.3% in the first half of the year, showing resilience despite challenges [1][3] - The Central Political Bureau emphasized the need for proactive fiscal policies and moderately loose monetary policies to release policy effects [1][3] - Analysts suggest potential new measures such as interest rate cuts and increased fiscal deficit to support growth [2][4] Risk Management and Debt Control - The meeting highlighted the importance of preventing and resolving risks in key areas, particularly local government debt [1][6] - There is a strict prohibition on new hidden debts, and efforts will be made to clear local financing platforms [7][8] - The focus on high-quality urban renewal aims to mitigate risks associated with real estate and local debt [7][8] Capital Market Development - The meeting called for enhancing the attractiveness and inclusiveness of the domestic capital market to stabilize its recovery [9] - Key reforms will focus on financial openness, investment-side reforms, and increasing long-term capital inflows [9] Domestic Demand and Consumption - The government aims to effectively release domestic demand potential and stimulate consumption through targeted actions [10][11] - Initiatives include supporting service consumption and improving the consumption environment in key cities [10][12] Foreign Trade and Investment - The meeting stressed the need to stabilize foreign trade and foreign investment, particularly supporting export enterprises facing challenges [13][14] - There is a focus on optimizing export tax rebate policies and promoting the integration of domestic and foreign trade [13][14]