Core Viewpoint - The article emphasizes the importance of advancing the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on the "one point, two places" strategy to enhance the practice of "one country, two systems" [1][4]. Group 1: Government Initiatives - The Guangzhou Municipal Party Secretary conducted a special investigation on the advancement of the Greater Bay Area construction, aligning with the directives from Xi Jinping and the provincial government [2]. - Key areas of focus include the development of a "water-land-air" transportation network, enhancing customs services, and supporting foreign trade growth [3]. Group 2: Economic Development - The establishment of a regional technology transfer center in the biomedicine sector aims to strengthen the link between government, universities, and the market, facilitating the conversion of scientific achievements into practical applications [3]. - The emphasis is placed on fostering innovation in deep-sea and aerospace industries, encouraging research institutions and enterprises to achieve self-controlled core technologies [3]. Group 3: Youth Engagement - Initiatives are in place to encourage Hong Kong and Macao youth to innovate and start businesses in Guangzhou, with the government aiming to create better living and working conditions for them [3][4]. Group 4: Strategic Goals - The article outlines the goal of creating a significant strategic platform in Nansha that collaborates with Hong Kong and Macao while facing the world, aiming for high-quality completion of the Nansha plan's first phase [4]. - The focus is on enhancing the international technology innovation center and high-level talent hub, linking Hong Kong and Macao's innovation resources [4]. Group 5: Market Integration - The article discusses the need for deeper market integration within the Greater Bay Area, promoting efficient circulation of people, goods, and information while breaking down institutional barriers [4]. Group 6: Public Services and Living Standards - The implementation of the "Five Happiness" plan aims to improve public services in education, healthcare, and elderly care, while also addressing urban development and social stability [4].

Group 1 - The meeting emphasized the importance of deepening exchanges and cooperation between Changsha and European countries, particularly in key economic and trade areas, and leveraging resources from friendly cities [1] - The city aims to seize opportunities from initiatives like the Belt and Road, RCEP, and the China-Europe bilateral investment agreement to expand institutional openness and enhance competitiveness [1] - There is a focus on enhancing internationalization levels and creating a first-class business environment that is market-oriented, law-based, and internationalized [1] Group 2 - The meeting highlighted the need for all levels of government to implement risk prevention and emergency response measures during the critical period of "July and August," particularly in flood and drought management [2] - Emphasis was placed on strengthening monitoring and early warning systems for extreme weather, as well as ensuring responsibilities are clearly defined and enforced [2] - The meeting also discussed the importance of improving air quality in Changsha, with a commitment to implementing ecological civilization principles and enhancing environmental supervision [3]

国家发改委消息，国家发展改革委召开上半年发展改革形势通报会。会议强调，坚定不移扩大高水平对 外开放，统筹做好"引进来"和"走出去"，高质量共建"一带一路"。七是以碳排放双控全面转型推动绿色 低碳发展，加快建立能耗双控向碳排放双控全面转型新机制。 ...

Economic Performance - The GDP growth rate for the first half of the year was recorded at 5.3%, with Q1 at 5.4% and Q2 at 5.2%[8] - Achieving the annual target growth rate of 5% is deemed feasible, with a projected 4.7% growth rate needed in the second half[8] Policy Direction - The meeting emphasized "enhancing flexibility and foresight" in policy implementation, indicating a proactive approach to potential external shocks[3] - Fiscal policy will focus on accelerating government bond issuance and improving fund utilization efficiency, while monetary policy aims to maintain ample liquidity and reduce overall financing costs[10] Market Stability - The government aims to prevent inflation from rising rapidly, with expectations for the price level to remain moderate and controllable throughout the year[4] - The focus on high-quality investment and structural tools in monetary policy suggests a cautious approach to broad interest rate cuts[12] Risk Management - Key risks include uncertainties surrounding US-China tariffs and the potential for slower export growth in Q3[6] - The meeting highlighted the need for systematic debt risk management, particularly regarding local government debt[15] Consumer and Investment Focus - Policies will prioritize stimulating domestic demand, with an emphasis on service consumption and improving living standards to support sustained consumption[13] - The government aims to invigorate private investment and ensure effective investment in key projects to support economic growth[14]

Group 1: Economic Growth and Policy Direction - The Central Political Bureau meeting emphasized the need to consolidate and expand the positive momentum of economic recovery, with GDP growing by 5.3% year-on-year in the first half of the year [2] - The meeting highlighted the importance of maintaining policy continuity and stability while enhancing flexibility and foresight in economic measures [3][4] - A series of important deployments were made, including the acceleration of government bond issuance and improving the efficiency of fund utilization [5] Group 2: Domestic Demand and Consumption - The meeting stressed the need to effectively release domestic demand potential, with final consumption expenditure contributing 52% to economic growth in the first half of the year [6][7] - It was noted that there is a need to implement special actions to boost consumption, particularly in the service sector, to address gaps in supply [8] - Expanding consumption demand is crucial for improving people's livelihoods and stabilizing employment, especially for vulnerable groups [9] Group 3: Investment and Infrastructure - Investment is identified as a key driver for expanding domestic demand, with a focus on high-quality promotion of "two重" construction to stimulate private investment [10] - The meeting underscored the importance of infrastructure investment as a support for economic growth and related industry chains [10] Group 4: Reform and Innovation - The meeting called for unwavering commitment to deepening reforms, particularly in technology innovation and market competition [11] - Emphasis was placed on fostering a healthy development of the private economy and optimizing the business environment to drive high-quality growth [11] Group 5: External Trade and Investment - The meeting highlighted the need to expand high-level opening up and stabilize the fundamentals of foreign trade and investment [12] - Support measures for foreign trade enterprises were discussed, including enhancing financing support and promoting integrated development of domestic and foreign trade [13] Group 6: Risk Management and Financial Stability - Continuous prevention and resolution of risks in key areas were emphasized to ensure stable economic development [14] - The meeting addressed the need for effective management of local government debt risks and enhancing the attractiveness of the domestic capital market [16] Group 7: Social Welfare and Employment - The meeting reiterated the importance of solidifying social welfare measures and ensuring that development benefits are equitably shared among the population [17] - Employment policies were prioritized, particularly for key groups such as recent graduates and migrant workers, to stabilize the labor market [17]

Group 1 - The report highlights the strategic direction set by the Central Political Bureau meeting on July 30, focusing on the upcoming 14th Five-Year Plan and addressing current economic recovery challenges [2][6][7] - The meeting emphasizes the importance of the next five years as a critical period for achieving modernization goals, with a focus on maintaining strategic determination and enhancing confidence in overcoming challenges [7][8] - Key economic work for the second half of the year includes consolidating economic recovery, with macro policies aimed at precise support and enhancing domestic demand through dual drivers [8][12] Group 2 - The report identifies three strategic directions for investment focus: technological self-reliance, restructuring the domestic demand system, and high-level opening up [16][20] - The first strategic direction emphasizes the cultivation of emerging pillar industries such as semiconductors and AI, and the integration of technology with traditional manufacturing [20] - The second strategic direction focuses on building a unified national market and promoting new growth points in service consumption, alongside measures to ensure common prosperity [21] - The third strategic direction highlights opportunities for enterprises in integrated domestic and foreign trade, particularly in the context of the Belt and Road Initiative [22]

7月30日，市委书记周红波会见中国进出口银行党委书记、董事长陈怀宇一行。 市委常委、常务副市长霍慧萍，中国进出口银行党委副书记张劭辉参加。 双方表示，要聚焦扩大高水平对外开放进一步深化合作，衔接贯通各自"十五五"发展重点，抢抓服 务业扩大开放等政策机遇，加大与本地金融机构的合作和各类金融资源投放力度，聚焦稳订单、拓市 场、降成本、增动能，探索运用多种金融工具，助力外贸企业和制造业企业发展壮大。要合力打造面 向"一带一路"共建国家的贸易平台，不断提升政策性金融服务质效，助力南京加快塑造更高水平开放型 经济新优势。 ...

智观年中经济形势 编者按7月30日召开的中共中央政治局会议研判了当前经济形势，部署了下半年经济工作。上半年中国经济顶住压力，实现了5.3%的平稳增长。面对外部 环境复杂多变、内部风险挑战增多的局面，下半年经济形势和政策走向备受瞩目。对此，围绕财政收入、固定资产投资、产业经济、对外开放、创新动 能、地区经济六个维度，中国经济时报邀请国家高端智库等权威机构专家，研判上半年经济形势，展望下半年政策走向。 核心观点： 下半年，面临更加复杂严峻的国际国内形势，要以更大力度推进高水平对外开放，为中国式现代化作出更大贡献。一是更大力度强化政策制 度制定和实施，二是更大力度提升开放平台功能，三是更大力度推进多双边经贸合作。 ■崔卫杰 今年上半年，面对风高浪急的国际环境和艰巨繁重的国内任务，我国坚定不移扩大高水平对外开放，有效应对外部冲击，对外开放各项工作取得积极成 效，展现出强大韧性和良好发展态势。下半年，面临更加复杂严峻的国际国内形势，中国对外开放将继续承压前行，但我国综合优势明显，随着各项开放 措施持续发力，我国对外开放工作仍不乏亮点。下一步，要更大力度强化高水平对外开放政策制度的制定和落实，更大力度提升开放平台功能，更 ...

文章称，中美在经贸领域拥有广泛共同利益和广阔合作空间。中国高质量发展和高水平对外开放不断推 进，为中美互利合作创造了更多机遇。例如，在制造业领域，因为中国产业发展的配套全、生态优、动 力足，更多美国企业选择扩大在华布局，以整合两国要素优势，提升企业全球竞争力。又比如，在消费 领域，中国正将扩大内需视为战略之举，多措并举积极扩大进口，美国企业是重要受益者。 ...

Group 1: Summer Economic Activities - The summer economy is revitalizing consumption with unique cultural and tourism activities, such as the martial arts-themed attractions in Kaifeng, which saw a 230% increase in visitor numbers compared to last year [2][3] - Various regions are promoting differentiated cultural tourism activities, leading to a surge in summer travel, with new projects enhancing visitor experiences [3] Group 2: National Unified Market Development - The construction of a national unified market is advancing, with initiatives like the seamless migration of businesses across provinces, exemplified by a company moving from Chongqing to Yibin [4] - The Central Economic Committee has outlined plans to deepen the national unified market, with multiple regions implementing measures to facilitate this integration [4][5] Group 3: Acceleration of Major Projects - Major infrastructure projects are being expedited, including the completion of a 750 kV power transmission project around the Tarim Basin and the production commencement of the world's largest single green ammonia facility in Jilin [6][7] - The government has allocated 800 billion yuan for construction projects, supporting 1,459 initiatives to stimulate economic growth [6] Group 4: Expansion of High-Level Opening Up - High-level international exhibitions are being successfully held, showcasing innovations and attracting significant foreign participation, such as the third Chain Expo with 172 overseas delegations [8][9] - China's commitment to expanding high-level opening up is evident through various foreign investment projects, including the opening of the largest LEGO park in Shanghai and the launch of a major ExxonMobil project [9][10]