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7月经济发展“进”的步伐稳健 高质量发展取得新成效

Economic Performance Overview - In July, the industrial added value of large-scale enterprises increased by 5.7% year-on-year, indicating stable growth in production supply [1][2] - The total retail sales of consumer goods rose by 3.7% year-on-year, with retail sales of goods increasing by 4% [2][4] - The total import and export volume of goods grew by 6.7% year-on-year, reflecting resilience in foreign trade [1][2] Sectoral Growth Insights - The equipment manufacturing sector saw an increase of 8.4% in added value, outpacing the overall industrial growth rate [2] - High-tech manufacturing added value grew by 9.3%, continuing to exceed the industrial growth rate [3] - The production index for information transmission, software, and IT services rose by 11.9%, while leasing and business services increased by 8% [3] Consumer Market Dynamics - The combined retail of goods and services is estimated to have grown by around 5% year-on-year from January to July, indicating a stable upward trend in consumption [4][5] - The "old for new" consumption policy has positively impacted sales of home appliances, cultural office supplies, furniture, and communication equipment, with respective growth rates of 28.7%, 13.8%, 20.6%, and 14.9% [4] - The tourism and leisure sectors experienced double-digit growth in retail sales, driven by increased consumer demand during the summer [4] Policy and Future Outlook - The government plans to continue implementing measures to boost consumption, focusing on expanding both goods and service consumption [5][7] - Despite facing challenges, the long-term supportive conditions for economic growth remain unchanged, with a focus on stabilizing employment, enterprises, and market expectations [7][8] - The International Monetary Fund has raised its growth forecast for China's economy by 0.8 percentage points, reflecting increased confidence from the international community [8]