央视网消息：8月1日（星期五）上午，国家发展改革委召开国家发展改革委新闻发布会，解读当前经济 形势和经济工作。 国民经济综合司司长周陈介绍，今年以来，在以习近平同志为核心的党中央坚强领导下，我们积极应对 急剧变化的外部环境，打好政策"组合拳"，去年9月26日一揽子增量政策以及今年出台的稳就业稳经济 若干举措接续发力，上半年我国经济在顶住外部压力、消化累积风险的情况下，稳中有进、好于预期， 高质量发展取得新成效，发展的"含金量"不断提高。 关于下一步经济工作，7月30日召开的中央政治局会议已作出全面部署，国家发展改革委将坚决抓好贯 彻落实，努力完成全年经济社会发展预期目标和"十四五"规划各项任务，为"十五五"良好开局打下基 础。 一方面，持续发力、适时加力实施好已部署的各项政策举措，坚定不移实施扩大内需战略，坚定不移推 动高水平科技自立自强，深化改革开放，加力建设全国统一大市场，特别是继续推动稳就业稳经济若干 举措陆续出台实施，保持政策连续性、稳定性，增强灵活性、预见性，将外部压力转化为内生动力，稳 住经济大盘。 另一方面，加强经济监测预测预警，常态化开展政策预研储备，不断完善稳就业扩内需政策工具箱，根 据外部 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the importance of implementing economic policies to achieve the annual development goals and the tasks outlined in the 14th Five-Year Plan, laying a foundation for a strong start to the 15th Five-Year Plan [1] Group 1: Economic Policy Implementation - The NDRC will continue to implement previously deployed policies and measures, focusing on expanding domestic demand and promoting high-level technological self-reliance [1] - There will be a push for deepening reform and opening up, along with efforts to build a unified national market [1] - The NDRC plans to introduce measures to stabilize employment and the economy, ensuring policy continuity, stability, and enhancing flexibility and foresight [1] Group 2: Economic Monitoring and Forecasting - The NDRC will strengthen economic monitoring, forecasting, and early warning systems, conducting regular policy research and preparation [1] - There will be a focus on timely policy adjustments based on changes in the external environment, ensuring coordination of policies and work between this year and next [1] - The aim is to stabilize employment, businesses, markets, and expectations, while achieving a reasonable recovery in price levels and maintaining overall stability in social employment and economic growth [1]

Core Viewpoint - The implementation of a moderately loose monetary policy is crucial for promoting sustained economic recovery and high-quality development in the face of a complex and changing internal and external economic environment [1][2][8]. Economic Environment - The global economy is experiencing a slowdown, with the World Bank lowering its 2025 global growth forecast from 2.7% to 2.3% and international trade growth forecast from 3.4% to 1.8%, marking the slowest growth since the 2008 financial crisis [3][4]. - China's economy is under pressure from insufficient domestic demand and low price levels, necessitating a stronger emphasis on expanding domestic demand and implementing a moderately loose monetary policy [2][8]. Domestic Economic Performance - In 2025, China's GDP grew by 5.4% year-on-year in the first quarter, with retail sales increasing by 5.0% from January to May, and fixed asset investment rising by 3.7% [7][8]. - Despite positive growth indicators, challenges remain, including a negative GDP deflator for eight consecutive quarters and a consumer price index (CPI) increase of only 0.1% in June, indicating persistent low demand [8][15]. Monetary Policy Characteristics - Monetary policy serves as a tool for total demand management and counter-cyclical adjustment, aiming to restore balance between total supply and demand while maintaining price stability [9][10]. - A moderately loose monetary policy involves dynamic adjustments based on economic conditions, including lowering interest rates and increasing money supply to reduce financing costs and stimulate demand [10][11]. Policy Implementation and Effects - Since 2025, the People's Bank of China has lowered policy rates, resulting in a reduction of corporate and personal housing loan rates by approximately 50 and 55 basis points, respectively, leading to historically low financing costs [15][16]. - The total social financing (TSF) increased by 2.29 trillion yuan in May, with a year-on-year growth of 8.7%, indicating robust credit growth [16]. Strategic Focus Areas - The implementation of moderately loose monetary policy should focus on three aspects: total volume, price, and structure, to ensure sustained economic growth and stability [17][18]. - Emphasis on optimizing financial resource allocation, enhancing the efficiency of financial services to the real economy, and supporting key sectors and vulnerable areas through targeted monetary policy tools [18].

Core Viewpoint - The Ministry of Industry and Information Technology emphasizes the implementation of the strategy to expand domestic demand and strengthen the industrial economy's foundation [1] Group 1: Strategic Actions - A new round of ten key industries' growth stabilization actions will be implemented to leverage the leading role of major industrial provinces [1] - An action plan will be developed to enhance the adaptability of consumer goods supply and demand to support consumption expansion [1] Group 2: Technological Development - The promotion and application of technologies such as artificial intelligence terminals, ultra-high-definition video, smart wearables, and drones will be accelerated [1]

Core Viewpoint - The article emphasizes the strategic importance of constructing a new development pattern in China, focusing on high-quality economic development and self-reliance as a response to both domestic and international challenges [1][2]. Group 1: Understanding the New Development Pattern - The new development pattern is characterized by a domestic major circulation as its main body, addressing the need for a strong domestic market to enhance economic resilience [3][4]. - It is an open dual circulation model that connects domestic and international markets, aiming to utilize global resources while enhancing domestic economic capabilities [4][5]. Group 2: Advantages of the New Development Pattern - The strategy reflects the central leadership's deep understanding of China's economic and social development, leading to significant progress in policy implementation and institutional improvement [7]. - The domestic major circulation's internal driving force is strengthening, with consumer spending contributing an average of 56.2% to economic growth from 2021 to 2024 [8]. Group 3: Key Components for Implementation - The smooth operation of economic circulation is crucial, requiring a balance between supply and demand, and addressing existing bottlenecks [5][6]. - Emphasis on technological self-reliance is vital for ensuring the stability of domestic circulation and gaining advantages in international circulation [6][11]. Group 4: Enhancing Domestic Demand - The strategy includes expanding effective investment and boosting consumption through various supportive policies, aiming to enhance the overall economic structure [17][18]. - The integration of technology and industry innovation is prioritized to foster new economic growth drivers and improve productivity [18]. Group 5: Regional and International Cooperation - The article highlights the importance of coordinated regional development and the integration of urban and rural economies to optimize the domestic circulation space [19][20]. - It advocates for high-level opening-up to better leverage international circulation, enhancing trade and investment quality [20][21].

Core Insights - China's GDP for the first half of 2025 exceeded 66 trillion yuan, with a year-on-year growth of 5.3%, indicating resilience and a commitment to high-quality development amidst global economic challenges [1] Group 1: Economic Stability - The global economic environment is increasingly unstable, with rising unilateralism and protectionism negatively impacting international trade [2] - China is implementing proactive macroeconomic policies to stabilize employment, businesses, markets, and expectations, aiming for high-quality development to counter uncertainties [2] - The World Bank and OECD have downgraded global growth forecasts, yet maintain stable growth predictions for China, positioning it as a stabilizing force in the global economy [2] Group 2: Economic Resilience and Potential - China's GDP growth rates for Q1 and Q2 were 5.4% and 5.2%, respectively, leading to a 5.3% growth in the first half, surpassing the annual target of around 5% [3] - Domestic demand contributed 68.8% to GDP growth, with retail sales increasing by 5.0% year-on-year, reflecting a robust internal market [3] - China's foreign trade reached a historical high in the first half, maintaining growth for seven consecutive quarters, underscoring the strength of its economic fundamentals [3] Group 3: Innovation and Growth Drivers - The drive for high-quality development is fueled by a focus on cultivating new productive forces and integrating technological and industrial innovation [4] - High-tech manufacturing value added grew by 9.5%, with significant increases in the production of 3D printing equipment, new energy vehicles, and industrial robots [4] - Recent reforms, including the promotion of the private economy and the establishment of a unified national market, are enhancing internal economic dynamism and innovation [4]

海关总署新闻发言人吕大良表示，去年12月1日起，我国给予所有同中国建交的最不发达国家100%税目 产品零关税待遇。今年上半年，我国自上述国家进口实现了两位数增长。下一步，我们还将对53个非洲 建交国实施零关税，用中国的大市场带动各国共同发展。中国人口众多，当前正加力实施扩大内需战 略，开展提振消费专项行动，是全球最具成长性的超大规模市场。中国的市场持续扩容，中国开放的大 门越开越大，中国进口将更多惠及世界。(中国网) ...

Core Insights - The rapid growth of China's express delivery industry is highlighted by the early surpassing of 1 trillion packages this year, occurring 35 days earlier than last year [1][2] - The increase in express delivery volume reflects the ongoing vitality of the Chinese economy and the effectiveness of policies aimed at boosting domestic demand and consumption [2][3] Group 1: Market Potential - The express delivery sector has seen continuous growth, with package volume exceeding 1 trillion for five consecutive years, indicating an expanding consumer market and increasing e-commerce penetration [3] - Policies promoting consumption, such as the "old-for-new" exchange program, are injecting new momentum into the market, enhancing the role of the postal and express delivery industry [3] Group 2: Logistics Efficiency - Improved logistics channels are evident, with efficient operations in regions like Yiwu, where daily shipments reach nearly 150,000 packages, ensuring timely delivery across the country [4] - The development of infrastructure, including high-speed rail and highways, has facilitated more efficient and convenient logistics transportation [4] Group 3: Technological Advancements - The integration of advanced technologies such as 5G, IoT, and AI is driving the smart upgrade of the express delivery industry, enhancing service efficiency and response speed [5][6] - The use of unmanned vehicles in delivery processes has significantly reduced costs and emissions, with a reported 40% decrease in delivery costs and zero tailpipe emissions [5]

Economic Growth and Development - China's economy is expected to reach approximately 140 trillion yuan this year, with an incremental growth of over 35 trillion yuan [1] - The manufacturing sector has consistently added over 30 trillion yuan annually since the start of the 14th Five-Year Plan, maintaining China's position as the world's leading manufacturing nation for 15 consecutive years [1] Domestic Demand and Consumption - Domestic demand remains the main driver of China's economic growth, contributing an average of 86.4% to the annual growth rate of 5.5% over the past four years [2] - The National Development and Reform Commission (NDRC) plans to strengthen the domestic circulation and implement strategies to expand domestic demand [2] Infrastructure Development - The 14th Five-Year Plan has seen significant advancements in infrastructure, which is crucial for economic and social development [3] - The NDRC aims to enhance the modern infrastructure system while adhering to principles of appropriate foresight and avoiding excessive overreach [3] Foreign Investment - From 2021 to May this year, foreign direct investment in China reached 4.7 trillion yuan, surpassing the total for the 13th Five-Year Plan period [3] - Foreign enterprises contribute significantly to China's economy, accounting for one-third of exports, one-fourth of industrial value added, and one-seventh of tax revenue [3] Policy Direction for Foreign Investment - The NDRC will continue to relax market access and promote orderly expansion in relevant sectors to attract foreign investment [4] - Policies will ensure fair treatment for foreign enterprises, enhancing their participation in standard-setting and procurement processes [4]

Group 1 - The core issue of low price levels in China is insufficient domestic demand, reflecting the pains of economic transformation [1][5] - The Consumer Price Index (CPI) showed a slight increase of 0.1% year-on-year in June 2025, ending four months of negative growth, but the overall CPI for the first half of the year decreased by 0.1% compared to the previous year [2][4] - Food prices have significantly contributed to the negative CPI growth, with various food items like grains, cooking oil, and fresh vegetables showing year-on-year price declines [3][5] Group 2 - The government has set a CPI growth target of around 2% for 2025, the lowest since 2004, aiming to improve supply-demand relationships through policies and reforms [4] - Future CPI growth is expected to stabilize and gradually recover, with projections of 0.2% and 0.6% for the third and fourth quarters, respectively, leading to an overall annual increase of 0.1% [6] - The low CPI levels indicate ongoing macroeconomic imbalances, suggesting the need for increased public investment to stimulate demand and improve employment and income levels [7]