国务院再部署做强国内大循环，充分释放内需潜力

Core Viewpoint - The article emphasizes the importance of strengthening domestic circulation as a strategic move to counter external risks and ensure stable economic growth in China [1][3]. Group 1: Domestic Circulation and Economic Growth - The State Council meeting highlighted the need to enhance domestic circulation to promote stable and sustainable economic development, especially in light of increasing external challenges [1]. - The contribution of domestic demand to GDP growth in the first half of the year was 68.8%, with final consumption expenditure accounting for 52%, indicating that domestic consumption is the main driver of economic growth [3][4]. Group 2: Consumption and Investment Trends - In the first half of the year, the total retail sales of consumer goods reached 24.5458 trillion yuan, growing by 5.0% year-on-year, with a notable increase in sales following the May Day and Dragon Boat Festival holidays [4]. - Fixed asset investment grew by 2.8% year-on-year, but showed a decline of 0.12% month-on-month in June, indicating a potential slowdown in investment activities [4]. Group 3: Policy Measures to Boost Consumption - The government plans to implement specific measures to boost consumption, including optimizing the "old-for-new" policy for consumer goods, which has already seen sales exceeding 1.4 trillion yuan [4][5]. - The expansion of the "old-for-new" policy to include more product categories is expected to create new consumption growth points and support high-quality, green, and intelligent products [5]. Group 4: Service Consumption Potential - Service retail sales grew by 5.3% year-on-year in the first half, with significant growth in sectors like leisure, transportation, and personalized consumption [7][8]. - The government aims to enhance service consumption by addressing key issues and increasing the supply of diverse services related to daily life, such as dining, healthcare, and education [8]. Group 5: Future Policy Directions - Analysts suggest that the government may introduce new measures to stimulate consumption, including the issuance of long-term special bonds and increasing support for the "old-for-new" policy [8]. - The overall low government debt level and low inflation provide ample room for policies aimed at boosting domestic demand and stabilizing the macroeconomic environment [8].