生产需求增长，就业物价稳定—— 国民经济保持稳中有进态势

Economic Overview - In July, key economic indicators showed fluctuations due to multiple factors, but overall growth remained stable, reflecting strong resilience and vitality in high-quality development [1] - The international environment remains complex and severe, with trade protectionism and extreme weather impacting economic operations [1] Industrial Growth - In July, the industrial added value of large-scale enterprises grew by 5.7% year-on-year, with manufacturing value-added increasing by 6.2% [2] - The equipment manufacturing sector showed robust growth, with an 8.4% increase in added value, significantly supporting overall industrial growth [2] - High-tech manufacturing saw a 9.3% increase, with notable growth in integrated circuits (26.9%) and electronic materials (21.7%) [2] Digital and Intelligent Transformation - The digital product manufacturing sector grew by 8.4% year-on-year, outpacing overall industrial growth [3] - The production of industrial robots and service robots increased by 24% and 12.8%, respectively, indicating rapid advancement in artificial intelligence applications [3] Consumer Market Dynamics - Retail sales of consumer goods increased by 3.7% year-on-year in July, with a notable impact from the "old-for-new" consumption policy [4] - Sales of home appliances and cultural products saw significant growth, with increases of 28.7% and 13.8%, respectively [4] - The service retail sector also experienced growth, particularly in tourism and cultural services, driven by increased consumer demand during the summer [5] Emerging Consumption Trends - Online retail and new consumption models, such as live streaming sales, are gaining traction, with physical goods online retail growing by 6.3% year-on-year [6] - The demand for digital entertainment and information services continues to expand, contributing to a robust service retail environment [6] Economic Support Factors - The International Monetary Fund has raised its growth forecast for China's economy by 0.8 percentage points, reflecting increased confidence in China's economic development [7] - The expansion of market demand, driven by consumption and diversified export markets, is creating favorable conditions for stable economic operation [7] Policy and Reform Initiatives - The government is committed to deepening reforms and expanding high-level openness, which is improving economic circulation and enhancing foreign trade resilience [8] - Active macroeconomic policies are being implemented to boost production demand and stabilize economic growth [8]