用好发展机遇、潜力和优势

Economic Performance - China's GDP grew by 5.3% year-on-year in the first half of the year, outperforming the same period last year and the overall annual growth rate, ranking among the top major economies [1] - The import and export scale reached a historical high for the same period, with exports increasing by 7.2% year-on-year [1] Current Economic Challenges - President Xi Jinping emphasized the need to recognize the risks and challenges facing the economy, advocating for a proactive approach to leverage development opportunities and maintain economic recovery momentum [2] - The Central Political Bureau meeting highlighted the importance of policy continuity and stability, focusing on stabilizing employment, enterprises, markets, and expectations [2] Domestic Consumption and Investment - Domestic consumption is the main driver of economic growth, contributing 52% to GDP growth in the first half of the year, with retail sales of consumer goods increasing by 4.8% year-on-year [6] - Investment in urbanization projects, such as upgrading old neighborhoods and improving public services, is expected to generate significant consumption demand and new investment needs [9] Foreign Trade and Investment - In the first seven months, China's total import and export volume increased by 3.5% year-on-year, with high-tech product exports rising by 7.2% [10] - The number of newly established foreign-invested enterprises reached 30,014, a year-on-year increase of 11.7%, indicating stable foreign trade and investment performance [10] Innovation and Technology - High-tech manufacturing output increased by 9.5% year-on-year in the first seven months, with industrial robot production rising by 24% [16] - China maintains a leading position in global manufacturing, with a complete industrial system and strong supporting capabilities [18] Policy Measures and Reforms - The government is implementing various macroeconomic policies to stabilize employment and support enterprises, including the issuance of long-term special bonds and adjustments to monetary policy tools [21] - Reforms aimed at enhancing market competition and supporting small and medium-sized enterprises are being actively pursued [22][23] Future Outlook - The focus is on leveraging unique advantages, such as a rich talent pool and a robust industrial base, to drive innovation and economic growth [17][19] - The emphasis on high-quality development and the integration of technology and industry is expected to foster new growth drivers and enhance economic resilience [20][25]