PDD(US:PDD) Sou Hu Cai Jing·2025-08-28 09:10Group 1 - China's total export value reached 13 trillion yuan in the first half of 2025, a year-on-year increase of 7.2%, marking the first time it has surpassed this figure in the same period [1] - Domestic retail giants like JD.com and Pinduoduo have actively shifted foreign trade to domestic sales, with JD.com announcing a 200 billion yuan support plan and Pinduoduo investing over 100 billion yuan in support strategies [3] - The retail sales of consumer goods in July increased by 3.7%, with online retail sales of physical goods growing by 6.3%, indicating strong consumer spending [5] Group 2 - The U.S. underestimated China's market potential, which includes over 1.4 billion people and more than 400 million middle-income individuals, making it the second-largest consumer market globally [6] - China's manufacturing sector is the most complete in the world, maintaining its position as the largest for 15 consecutive years, which supports domestic circulation despite external pressures [6] - The support for local agricultural products, such as the transformation of ordinary potatoes into various flavored chips, demonstrates the effectiveness of platforms in enhancing domestic sales and boosting farmer incomes [8] Group 3 - The State Council emphasized strengthening domestic circulation to counter external uncertainties, with domestic demand contributing 68.8% to GDP growth in the first half of the year [10] - The U.S. strategy of leveraging market advantages to pressure China has inadvertently strengthened China's internal circulation and innovation capabilities [11] - The ongoing trade tensions raise questions about whether the U.S. will continue to escalate measures against China, given the latter's resilience in adapting to market conditions [11]