Economic Outlook - The assessment of the economic situation has become more positive, with major economic indicators performing well, leading to a projected economic growth of 5.3% in the first half of the year, exceeding the annual target[3] - Concerns over external shocks have significantly eased, reflecting the effectiveness of measures taken against the recent tariff war with the U.S.[3] - The focus of future economic work is expected to shift towards enhancing domestic circulation and improving quality and efficiency[3] Policy Adjustments - Supply-side quality enhancement has re-emerged as a policy focus, emphasizing technological innovation and the development of internationally competitive emerging industries[4] - The macroeconomic policy stance has shifted to a more neutral tone, with potential for minor interest rate cuts, particularly a 10 basis point reduction expected in August[5] - Fiscal policy remains cautious, with a low probability of increasing special bond issuance, while emphasizing the need to effectively release domestic demand potential[5] Real Estate and Capital Markets - The focus of real estate policy is shifting from stimulating incremental demand to high-quality urban renewal, with a more cautious approach to urban development[6] - The meeting highlighted the importance of enhancing the attractiveness and inclusivity of domestic capital markets, aiming to consolidate the positive momentum in capital market recovery[6]