人民日报：把握做好当前经济工作的关键与重点

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 growing 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 - The high-tech manufacturing sector saw a 9.5% year-on-year increase in value-added output, with significant growth in industrial robot production [15] - China maintains a leading position in global manufacturing, with a complete industrial system and strong supporting capabilities [17] Policy and Reform - The government is implementing more proactive macroeconomic policies, including issuing long-term special bonds and using various monetary policy tools to maintain liquidity [20] - Reforms aimed at creating a fair market environment and supporting small and medium-sized enterprises are being advanced to stimulate economic vitality [21][22]