Core Viewpoint - China's economy has demonstrated remarkable resilience and exceeded expectations in growth during the first half of the year, prompting several foreign media outlets to revise their forecasts upward [2]. Group 1: Economic Resilience and Growth - China's economy is characterized by a strong vitality and resilience, attributed to the effective coordination of supply and demand, as emphasized by President Xi Jinping [2]. - The country is transitioning towards a higher level of dynamic balance, leveraging its vast market potential and advantages [2]. - The total number of consumer goods in China has surpassed 200 million, with over 8.09 million new varieties added in the first four months of the year, marking a 40.4% year-on-year increase [3]. Group 2: High-Quality Supply and New Demand - High-quality supply is driving new demand and promoting new consumption patterns, with innovations such as AI-enabled home appliances and industrial tourism emerging as key growth areas [2][3]. - The shift from merely having products to demanding higher quality reflects a significant change in consumer expectations, leading to profound transformations in the supply structure [4]. - New consumer demands are creating opportunities in various sectors, including health and wellness, as well as low-altitude economy [5]. Group 3: Policy Support and Market Dynamics - A series of policy initiatives aimed at boosting consumption and improving consumer conditions have been implemented, enhancing consumption capacity and driving quality upgrades [6]. - Domestic demand contributed 68.8% to economic growth in the first half of the year, with final consumption expenditure accounting for 52% [6]. - The establishment of a virtuous cycle in the national economy is based on a higher level of dynamic balance, characterized by mutual empowerment between new supply and new demand [8]. Group 4: Future Outlook - The synergy between a complete industrial system and a large-scale market is expected to strengthen the foundation of China's economy, leading to a more resilient and vibrant modern economic landscape [9]. - The focus on leveraging development opportunities and advantages aims to consolidate and expand the positive momentum of economic recovery [9].
中国经济展现强大活力和韧性的密码
Ren Min Ri Bao·2025-08-15 03:30