用好发展机遇、潜力和优势 ——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 ranking among the top major economies [2] - The import and export scale reached a historical high for the same period, with exports increasing by 7.2% year-on-year [2] Current Economic Challenges - President Xi Jinping emphasized the need to recognize risks and challenges in the current economic operation, advocating for a proactive approach to seize development opportunities [3] - The Central Political Bureau meeting highlighted the importance of maintaining policy continuity and stability while enhancing flexibility to stabilize employment, enterprises, markets, and expectations [3] Domestic Demand and Consumption - In the first seven months, retail sales of consumer goods increased by 4.8% year-on-year, with final consumption expenditure contributing 52% to GDP growth [6][7] - Measures to stimulate consumption include promoting reasonable growth in wage income and expanding channels for property income [8] Investment Opportunities - Urbanization projects such as renovating old neighborhoods and improving public services are expected to generate significant investment demand, with a 1% increase in urbanization rate potentially adding over 200 billion yuan in consumption demand [9] - The first seven months saw a 3.5% year-on-year increase in total import and export volume, with high-tech product exports rising by 7.2% [9] International Trade and Market Expansion - China achieved growth in trade with over 190 countries and regions, with the number of trading partners exceeding 500 billion yuan increasing to 61 [11] - The Hainan Free Trade Port is set to implement a comprehensive closure operation, expanding the range of zero-tariff goods to approximately 6,600 tax items [12] Innovation and Technology Development - High-tech manufacturing output increased by 9.5% year-on-year in the first seven months, with industrial robot production rising by 24% [15] - China is focusing on integrating digital technology with industrial development to enhance innovation capabilities [19] Policy and Reform Initiatives - The government is implementing policies to stabilize employment and support enterprises, including issuing long-term special bonds and utilizing various monetary policy tools [21] - Reforms aimed at creating a fair market environment are being advanced, including the introduction of laws to promote the private economy and ensure fair competition [22][24]