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 [2] - The international environment remains complex and severe, with trade protectionism and extreme weather impacting economic operations [2] Industrial Production - In July, the industrial added value above designated size grew by 5.7% year-on-year, with manufacturing value-added increasing by 6.2%, indicating continued rapid growth [3] - The equipment manufacturing sector showed significant growth, with an 8.4% increase in added value, supporting overall industrial growth [3] - High-tech manufacturing added value rose by 9.3%, with notable growth in integrated circuits (26.9%) and electronic materials (21.7%) [3] Consumption Trends - 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 [5] - Sales of home appliances and communication devices saw significant growth, with increases of 28.7% and 14.9% respectively [5] - The service retail sector also experienced growth, particularly in tourism and cultural services, driven by increased consumer demand during the summer [6] Future Outlook - Despite facing risks and challenges, the foundation of the economy remains strong, with the International Monetary Fund raising China's economic growth forecast by 0.8 percentage points [7] - The expansion of market demand is supported by ongoing consumption initiatives and diversification in foreign trade [7] - Continued emphasis on technological innovation and digital transformation is expected to foster new growth points in the economy [8]