Group 1 - The core viewpoint of the article is that despite facing external and internal challenges, China's economy showed a steady improvement in the second quarter, with a GDP growth of 5.2% year-on-year, supported by resilient exports, recovering consumer demand, and the growth of new economic drivers [1][2][4] Group 2 - The main constraints on economic recovery are identified as persistent low prices and slow nominal economic growth, with CPI remaining around 0% for 27 months and PPI negative for 33 months, indicating a prolonged period of deflation [2][3] - The report highlights that while supply capacity has improved, it has also exposed long-standing demand deficiencies, prompting the government to enhance policies like the trade-in program for consumer goods, which is expected to boost retail sales growth by approximately 0.7 to 0.8 percentage points [3][4] Group 3 - Future macroeconomic policies should focus on balancing supply and demand, promoting reasonable price recovery, and boosting nominal economic growth through measures such as increasing the fiscal deficit ratio and implementing inflation-targeted monetary policies [4] - Recommendations include stabilizing housing prices, enhancing income, reducing burdens, and promoting service consumption, alongside a structured approach to urbanization and industry self-regulation [4]