中信证券：建议关注“新消费”结构性机会及“传统消费”基本面触底回升机会

Core Viewpoint - The report from CITIC Securities indicates a certain recovery trend in domestic demand during the first half of the year, with significant potential for improvement in consumer spending, especially in the context of uncertainties in exports for the second half of the year [1] Group 1: Domestic Demand and Consumer Spending - Domestic demand has shown signs of recovery in the first half of the year [1] - There remains considerable room for improvement in resident consumption [1] - The government is expected to continue implementing policies aimed at boosting domestic demand [1] Group 2: Policy and Consumption Opportunities - Incremental consumption policies are anticipated to positively impact consumer behavior [1] - There is a recommendation to focus on structural opportunities in "new consumption" [1] - Traditional consumption is expected to see a bottoming out and gradual recovery in fundamentals [1]