A股投资策略周报告：全面深化改革进一步打开内外需增长空间

Group 1 - The report highlights that the GDP growth rate for the first half of 2024 is 5.0%, aligning with the annual target growth rate, but emphasizes the need for stronger domestic demand to achieve economic goals [19][20][21] - Policies aimed at boosting domestic demand have been introduced, with the National Development and Reform Commission releasing measures to stimulate consumption, which are expected to take effect in the second half of 2024 [19][20] - The report notes that the manufacturing investment is projected to grow by 9.5% year-on-year in the second half of 2024, supported by policies promoting new quality productivity [19][20] Group 2 - The report identifies several market opportunities driven by policy catalysts, including support for large-scale equipment updates and the promotion of innovative drugs and medical devices [22][23] - It mentions that the new energy vehicle production increased by 34.3% year-on-year, and the photovoltaic industry is also showing strong growth, indicating a positive trend in these sectors [22][23] - The real estate sector is showing signs of marginal improvement following policy optimizations, with increased transaction volumes in first-tier cities [22][23] Group 3 - The report provides data on the performance of various indices, noting that the A-share market had a strong performance in the first quarter of 2024, driven by better-than-expected economic growth [34] - It highlights that the market experienced adjustments in the second quarter due to lowered economic expectations and external trade tensions, but anticipates a recovery supported by improved domestic demand [34] - The report emphasizes that external demand is expected to remain resilient, contributing to the overall market stability [34]