Hot News - The State Council executive meeting chaired by Li Qiang emphasized focusing on the annual development goals, enhancing macro - policy effectiveness, and stimulating the endogenous driving force of economic development [3] - The National Development and Reform Commission's 2025 H1 situation briefing meeting stressed promoting the construction of a unified national market, reforming the tendering and bidding system, and promoting the healthy development of the private economy [3] - The spokesperson of the Ministry of Commerce hoped that the EU would maintain market openness and provide a fair business environment for Chinese enterprises [3] - In July, affected by factors such as the traditional off - season in manufacturing and natural disasters, the PMI dropped to 49.3%, down 0.4 percentage points from the previous month. The non - manufacturing and comprehensive PMI output indexes were 50.1% and 50.2% respectively, down 0.4 and 0.5 percentage points, but still above the critical point [3] - US inflation data for June slightly exceeded expectations. The core PCE price index rose 0.3% month - on - month and 2.8% year - on - year, and the overall PCE index rose 0.3% month - on - month and 2.6% year - on - year, complicating the Fed's interest - rate cut path [4] Sector Performance Key Attention - Key sectors to focus on include coking coal, polysilicon, glass, soda ash, and alumina [5] Night - session Performance - The night - session performance shows that non - metallic building materials rose 2.79%, precious metals 27.86%, oilseeds 12.26%, non - ferrous metals 20.83%, soft commodities 2.67%, coal - coking - steel - ore 14.40%, energy 3.42%, chemicals 11.76%, grains 1.18%, and agricultural and sideline products 2.83% [5] Sector Positions - The chart shows the changes in commodity futures sector positions in the past five days [6] Performance of Major Asset Classes - In terms of equities, the Shanghai Composite Index fell 1.18% daily, the SSE 50 fell 1.54%, the CSI 300 fell 1.82%, the CSI 500 fell 1.40%, the S&P 500 fell 0.37%, the Hang Seng Index fell 1.60%, the German DAX fell 0.81%, the Nikkei 225 rose 1.02%, and the UK FTSE 100 fell 0.05% [7] - For fixed - income products, the 10 - year Treasury bond futures rose 0.17%, the 5 - year Treasury bond futures rose 0.08%, and the 2 - year Treasury bond futures rose 0.01% [7] - In the commodity category, the CRB commodity index fell 1.79%, WTI crude oil fell 1.11%, London spot gold rose 0.45%, LME copper fell 0.94%, and the Wind commodity index fell 0.58% [7] - Other assets: the US dollar index rose 0.08%, and the CBOE volatility index remained unchanged [7]

Core Points - The State Council, led by Premier Li Qiang, emphasized the importance of understanding the economic situation and enhancing the sense of responsibility for economic work in the second half of the year [3] - The meeting approved the "Artificial Intelligence+" action plan to promote the large-scale commercialization of AI applications across various sectors [4] - The implementation of personal consumption loan interest subsidies and service industry loan interest subsidies was discussed to stimulate consumer potential and enhance market vitality [4] - The draft of the "Soil Protection and Quality Improvement Law" was discussed and approved in principle, focusing on the responsibility of protecting arable land [5] Group 1 - The meeting highlighted the need to strengthen the internal driving force for economic development and deepen reforms in key areas [3] - Emphasis was placed on the importance of a unified national market and optimizing the business environment [3] - The government aims to ensure systemic risk prevention while enhancing disaster response measures [3] Group 2 - The "Artificial Intelligence+" action plan aims to leverage China's complete industrial system and large market scale to accelerate AI integration into economic and social development [4] - The plan includes enhancing the innovation ecosystem for AI, improving data supply, and strengthening talent development [4] - A focus on establishing a dynamic and collaborative governance framework for AI was also mentioned [4] Group 3 - The personal consumption loan interest subsidy policy is expected to lower credit costs for residents and financing costs for service industry entities [4] - The meeting stressed the need for effective implementation of the subsidy policy, including simplifying procedures and ensuring proper fund utilization [4] Group 4 - The draft law on soil protection emphasizes the need for comprehensive measures to restore and enhance the ecological function of arable land [5] - The meeting underscored the importance of legally protecting arable land and ensuring its sustainable use [5]

海南自贸港"蓝海"营商环境对话会常态化举行 "企业反映的各类意见建议，我们'照单全收'" 海南日报全媒体记者 李梦瑶 实习生 符彦薇 7月30日上午，海南自由贸易港"蓝海"营商环境对话会会场，海南省山西商会会长李督文刚落座， 便分享了一个小故事：前段时间，数十家晋商赴琼开会，恰逢正式公布海南自贸港全岛封关具体时间， 不少企业代表会议结束后迟迟没有离岛，而是马不停蹄投资考察，并开始注册企业。 "一方敢讲愿说，一方敢于直面回应，整场对话相当务实!"4个小时的交流下来，海南省陕西商会会 长林刚意犹未尽。 "今天举办这场对话会的目的，就是为了倾听大伙儿的心声，在注册投资、生产经营、发展壮大等 企业全生命周期高质量发展中，需要政府提供什么支持，遇到了哪些困难，有什么好的建议，都可以提 出来。"当天对话伊始，省营商环境建设厅党组书记、厅长任端平便开门见山。 率先打开话匣的，是海南省医药行业协会副会长兼秘书长鲁红。"目前全省共有350多家药品批发零 售企业，'回款难'一直是影响医药企业资金周转的重要症结。"鲁红提出建议，希望政府部门采取针对 性措施，对长期拖欠单位实行综合治理，"此外，我们希望政府部门能进一步优化相关政策， ...

Group 1 - The State Council emphasizes the need to enhance the sense of responsibility and mission for economic work in the second half of the year, focusing on consolidating and expanding the economic recovery momentum [1] - The government aims to boost macro policy effectiveness and tackle challenges by implementing the decisions made by the Central Committee [1] - There is a strong emphasis on stimulating the internal driving force of economic development and deepening reforms in key areas, such as building a unified national market and optimizing the business environment [1] Group 2 - The meeting approved the implementation of the "Artificial Intelligence+" initiative, aiming to accelerate the commercialization of AI applications across various sectors [2] - The government plans to optimize the AI innovation ecosystem by enhancing computing power, algorithms, and data supply, while also increasing policy support and talent development [2] - A personal consumption loan interest subsidy policy and a service industry loan interest subsidy policy were discussed to lower credit costs and stimulate market activity [2] Group 3 - The meeting discussed and approved the draft of the "Law on the Protection and Quality Improvement of Cultivated Land," emphasizing the need for strict protection of cultivated land quantity, quality, and ecology [3] - The focus is on restoring and enhancing the ecological functions of cultivated land to ensure sustainable use [3]

讨论《中华人民共和国耕地保护和质量提升法（草案）》 新华社北京7月31日电 国务院总理李强7月31日主持召开国务院常务会议，学习贯彻习近平总书记 关于上半年经济形势和做好下半年经济工作的重要讲话精神。会议强调，要深刻领会党中央关于经济形 势的科学判断，进一步增强做好下半年经济工作的责任感使命感，正确把握形势，强化忧患意识，坚持 底线思维，勇于担当、攻坚克难，巩固拓展经济回升向好势头。要锚定全年发展目标任务，加力提升宏 观政策效能，持续攻坚破解难题，下更大力气抓好党中央决策部署的贯彻落实。要更加注重激发经济发 展内生动力，持续深化重点领域改革，在建设全国统一大市场、优化营商环境等方面取得更多成效。要 更好统筹发展和安全，牢牢守住不发生系统性风险的底线，扎实做好防汛抢险救灾工作，更加周密细致 落实好各项应对措施，全力保障人民生命财产安全。 审议通过《关于深入实施"人工智能+"行动的意见》 部署实施个人消费贷款贴息政策与服务业经营主体贷款贴息政策 会议审议通过《关于深入实施"人工智能+"行动的意见》。会议指出，当前人工智能技术加速迭代 演进，要深入实施"人工智能+"行动，大力推进人工智能规模化商业化应用，充分发挥我 ...

Group 1: Economic Policy and Development - The State Council emphasizes the need to enhance the sense of responsibility and mission for economic work in the second half of the year, focusing on consolidating and expanding the economic recovery momentum [1] - The government aims to improve macro policy effectiveness and tackle challenges to ensure the implementation of the Central Committee's decisions [1] - There is a focus on stimulating the internal driving force for economic development and deepening reforms in key areas, including the establishment of a unified national market and optimizing the business environment [1] Group 2: Artificial Intelligence Initiatives - The meeting approved the implementation of the "Artificial Intelligence +" initiative, aiming to promote large-scale commercial applications of AI and leverage China's complete industrial system and large market scale [2] - The government and state-owned enterprises are encouraged to lead by example and support the landing of technologies through open scenarios [2] - There is a commitment to enhance the AI innovation ecosystem, strengthen supply of computing power, algorithms, and data, and improve policy support and talent development [2] Group 3: Financial Policies - The meeting discussed the implementation of interest subsidy policies for personal consumption loans and service industry loans, aimed at reducing credit costs and stimulating consumption potential [2] - Emphasis is placed on organizing and implementing the subsidy policies effectively, ensuring collaboration among departments, and simplifying procedures for quicker policy rollout [2] Group 4: Agricultural Policy - The meeting discussed and approved the draft of the "Land Protection and Quality Improvement Law," highlighting the importance of legally protecting arable land and ensuring its sustainable use [3]

Group 1 - The State Council emphasizes the need to enhance the sense of responsibility and mission for economic work in the second half of the year, focusing on consolidating and expanding the economic recovery momentum [1] - The government aims to boost macro policy effectiveness and tackle challenges by implementing the decisions made by the Central Committee [1] - There is a strong emphasis on stimulating the internal driving force for economic development and deepening reforms in key areas, such as building a unified national market and optimizing the business environment [1] Group 2 - The meeting approved the implementation of the "Artificial Intelligence+" initiative, aiming to accelerate the commercialization of AI applications across various sectors [2] - The government plans to optimize the AI innovation ecosystem by enhancing computing power, algorithms, and data supply, while also increasing policy support and talent development [2] - A personal consumption loan interest subsidy policy and a service industry loan interest subsidy policy were discussed to lower credit costs and stimulate market activity [2] Group 3 - The meeting discussed and approved the draft of the "Law on Cultivated Land Protection and Quality Improvement," emphasizing the need for strict protection of cultivated land and its ecological functions [3]

Group 1 - Beijing's market regulatory authority held a meeting to discuss optimizing the business environment and promoting healthy development in the food industry, involving 17 representatives from food production companies and regulatory bodies [1] - The meeting revealed that Beijing has achieved 100% allocation of food safety management personnel in production enterprises, appointing 489 food safety supervisors and 1476 food safety officers [1][5] Group 2 - New food labeling regulations were introduced, with a two-year transition period, prompting companies like Mankun to seek guidance on practical implementation details, particularly regarding ingredient and allergen labeling [2] - The regulatory authority is open to consultations from enterprises regarding the new regulations and is collecting specific issues faced by companies to provide targeted support [2] Group 3 - Companies like San Yuan and Daoxiangcun are focusing on product development, including low-sugar and low-oil healthy foods, while seeking support from regulatory bodies to achieve consumer expectations for nutrition, safety, and taste [3] - The market regulatory authority is supporting innovation in the food industry by organizing expert evaluations and providing personalized assistance for product development and technological upgrades [3] Group 4 - The market regulatory authority has implemented various measures to enhance the quality and safety of food production, aiming for 100% certification of quality management systems among large-scale food producers [4] - New local standards for sports nutrition foods and quality management regulations for pasteurized milk and refrigerated non-ready-to-eat dishes are set to be released [4] Group 5 - The food safety management system includes daily control, weekly inspections, and monthly assessments, ensuring that food safety supervisors and officers have significant industry experience [5] - There is a growing public demand for food safety information, with companies expressing concerns over misinformation affecting consumer confidence [5] Group 6 - The regulatory authority plans to enhance food safety public awareness campaigns, addressing consumer concerns and collaborating with food associations to create a better environment for food safety governance [6] - The "Business Environment Salon" serves as a platform for government-enterprise communication, with plans for continued meetings to foster a top-tier business environment in the capital [6]

Group 1 - The State Council emphasizes the need to enhance the sense of responsibility and mission for economic work in the second half of the year, focusing on consolidating and expanding the economic recovery momentum [1] - The government aims to boost the effectiveness of macro policies and tackle challenges to ensure the implementation of the Central Committee's decisions [1] - There is a strong emphasis on stimulating the internal driving force of economic development and deepening reforms in key areas, such as building a unified national market and optimizing the business environment [1] Group 2 - The meeting approved the implementation of the "Artificial Intelligence+" initiative, aiming to promote large-scale commercial applications of AI and leverage China's advantages in industrial systems and market scale [2] - The government plans to optimize the AI innovation ecosystem by enhancing computing power, algorithms, and data supply, while also increasing policy support and talent development [2] - A personal consumption loan interest subsidy policy and a service industry loan interest subsidy policy were discussed to lower credit costs and stimulate consumption potential [2] Group 3 - The meeting discussed and approved the draft of the "Law on Cultivated Land Protection and Quality Improvement," emphasizing the need for strict protection of cultivated land and the restoration of its ecological functions [3]

Core Viewpoint - The State Council meeting emphasizes the importance of implementing Xi Jinping's speech on the economic situation in the first half of the year and the work for the second half, focusing on enhancing responsibility and mission to ensure economic recovery and growth [1] Economic Policy and Strategy - The meeting highlights the need to strengthen the effectiveness of macroeconomic policies and tackle challenges to achieve annual development goals [1] - There is a call for deeper reforms in key areas to stimulate internal economic growth and improve the business environment [1] Risk Management and Safety - The meeting stresses the importance of balancing development and safety, ensuring that systemic risks are avoided, and implementing detailed measures for disaster response and public safety [1]