稳经济促改革，不断完善政策工具箱

Core Viewpoint - The Chinese economy showed resilience in the first half of the year, with a GDP growth of 5.3%, exceeding initial market expectations, and demonstrating strong internal demand as the main driver of growth [3][4]. Economic Performance - Major macroeconomic indicators performed well, with GDP growth of 5.3% year-on-year, which is 0.3 percentage points higher than the same period last year [3]. - The production and business activity expectation index for July was 52.6, indicating stable optimism among manufacturing enterprises [3]. - The urban unemployment rate averaged 5.2%, a decrease of 0.1 percentage points from the first quarter, with 6.95 million new urban jobs created, achieving 58% of the annual target [3]. Internal Demand and Trade - Internal demand contributed 68.8% to economic growth, showcasing its role as the main growth driver [3]. - The total import and export volume reached 20 trillion yuan, with exports growing by 7.2% [3]. - The value added of the equipment manufacturing industry increased by 10.2%, indicating its continued importance [3]. New Growth Drivers - High-tech manufacturing value added grew by 9.5%, outpacing overall industrial growth by 3.1 percentage points [4]. - Emerging industries such as artificial intelligence and smart manufacturing are rapidly developing [4]. Policy Measures - The National Development and Reform Commission (NDRC) plans to implement policies to expand domestic demand and promote high-level technological self-reliance [4][10]. - There will be a focus on enhancing economic monitoring and timely policy adjustments to stabilize employment, businesses, and market expectations [4]. Market Integration - The construction of a unified national market is emphasized, with inter-provincial trade sales accounting for 40.4% of total sales, an increase of 0.6 percentage points year-on-year [8]. - The ratio of social logistics costs to GDP has decreased, indicating improved efficiency in logistics [8]. Reform Initiatives - The NDRC aims to deepen reforms to stimulate consumption and investment, including measures to enhance the competitiveness of state-owned enterprises and promote private investment in key sectors [10][11]. - There is a focus on addressing issues of disorderly competition and market disarray through regulatory measures [11][12].