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Core Insights - The overall economic operation in China remains stable, with solid progress in high-quality development, but faces challenges from a complex external environment and insufficient domestic demand [1] - Effective demand remains a major bottleneck for current economic development, characterized by weak consumer spending and insufficient investment growth [1] Group 1: Economic Environment - The external environment is complex and severe, with many unstable and uncertain factors impacting the economy [1] - Domestic market conditions show strong supply but weak demand, leading to operational difficulties for some enterprises [1] Group 2: Consumer Demand - Insufficient effective demand is a primary constraint on economic growth, with low consumer spending capacity and willingness [1] - Policies have been implemented at both central and local levels to address effective demand issues, achieving notable results, yet demand has not met expectations [1][2] Group 3: Policy Recommendations - A systematic approach is needed to unlock market potential by creating a favorable environment for consumption [2] - Local governments should enhance consumption facilities, policy environments, market regulation, and consumer rights protection to boost consumer confidence [2] Group 4: Investment and Consumption Relationship - The relationship between investment and consumption must be better managed, as the economy has shifted to rely more on domestic demand driven by consumption [3] - Expanding domestic demand is a strategic move, with boosting consumption being a top priority for achieving economic balance [3]