Group 1: Economic Growth Overview - In Q2, GDP growth was 5.2%, a 0.2 percentage point decrease from Q1, but still better than expected, resulting in a cumulative growth of 5.3% for the first half of the year[6] - External trade negatively impacted economic growth, with Q2 exports increasing by 6.2% compared to 5.7% in Q1, but a more significant rise in imports suppressed trade surplus growth[6] - Final consumption's contribution to GDP slightly decreased from 2.79 percentage points to 2.76 percentage points, indicating stable but reduced consumer spending[6] Group 2: Divergences in Economic Indicators - There is a divergence between final consumption's weakening contribution to GDP and the rising growth rate of social retail sales, suggesting structural issues in consumption, particularly weaker service consumption compared to goods[11] - Despite a decline in investment growth across all sectors, total investment's contribution to GDP unexpectedly increased, likely due to temporary support from inventory[15] - Fixed asset investment growth fell by 1.4 percentage points to 2.8% in the first half, with declines in infrastructure, manufacturing, and real estate investments[15] Group 3: Future Policy and Risks - To maintain a full-year growth target of "keeping above 5%", GDP growth in the second half must reach 4.7%[24] - The economic resilience observed in Q2 was attributed to policy support, unexpected export performance, and temporary inventory support[24] - Risks include slow recovery of consumer confidence and potential delays in policy implementation, alongside uncertainties in external trade due to tariff fluctuations[28]