毕马威：上半年资本市场为消费提供了进一步发展动力

Core Insights - Consumption has become the core engine of economic growth in China, contributing over 50% in the first half of the year [1] - The retail sales of consumer goods achieved a year-on-year growth of 5.0% in the first half of 2025, driven by various factors including effective government policies and an increase in disposable income [1] - The capital market is providing further development momentum for consumption, with a shift in capital flow towards companies with strong cash flow, brand strength, high chain operations, and digitalization [1] - Future optimization and upgrading of consumption structure will be achieved through the collaboration of policies, markets, and capital [1]