加快释放内需潜力

Core Viewpoint - The Chinese government emphasizes the need to effectively unleash domestic demand potential to support economic growth, focusing on expanding consumption and investment while promoting a unified national market [1][6]. Domestic Demand and Consumption - In the first half of the year, domestic demand contributed 68.8% to GDP growth, with final consumption expenditure accounting for 52% [2]. - The government has implemented policies such as the trade-in program for consumer goods, with 690 billion yuan allocated to stimulate consumption, leading to significant retail sales growth in various categories [2]. - There is a shift in focus towards service consumption and improving living standards, with new policies aimed at personal consumption loans and childcare subsidies [2][3]. - Service consumption has been growing rapidly, with projections indicating that by 2024, it will account for 46.1% of per capita consumption expenditure, contributing 63% to the growth of consumer spending [3]. Investment Expansion - The National Development and Reform Commission reported that 800 billion yuan for "two heavy" construction projects has been fully allocated, with 735 billion yuan in central budget investments also nearly disbursed [4]. - Infrastructure investment has seen significant growth, particularly in water management and information transmission sectors, with manufacturing investment rising by 6.2% in the first seven months [4][5]. - There is a strong emphasis on optimizing investment structure to meet changing demands, particularly in education, healthcare, and quality housing [5]. Reform and Policy Measures - The government aims to enhance economic growth by addressing insufficient domestic demand through targeted policies that focus on effective resource allocation and quality investments [6][7]. - Future policies will focus on deepening reforms to stimulate consumption and expand effective investment, particularly in sectors like transportation, energy, and water resources [7].