Group 1 - The Ministry of Human Resources and Social Security has officially released the seventh batch of new occupations, including 17 new professions such as cross-border e-commerce operation manager and drone swarm flight planner, along with 42 new job types [1][2] - Since 2019, the Ministry has cumulatively published 110 new occupations, reflecting the evolving nature of "profession" and attracting a diverse workforce, while also indicating two aspects of economic renewal [1][3] - The first aspect of economic renewal is the accelerated cultivation and growth of new productive forces, with rapid technological advancements and the emergence of new industries, as evidenced by R&D expenditure reaching approximately 2.7% of GDP, surpassing the EU average [1][2] Group 2 - The rapid development of artificial intelligence is highlighted by the introduction of new job types such as "generative AI system tester" and "generative AI animation creator," showcasing the technology's impact across various sectors [2] - Emerging industries are thriving, with strategic emerging service enterprises reporting nearly 10% revenue growth in the first five months of the year, driven by innovation and industry integration [2] - The second aspect of economic renewal is the rise of new consumption patterns characterized by personalized and diversified consumption, reflecting structural changes in consumption content, scenarios, and philosophies [2][3]

Group 1 - The service industry has shown rapid growth in the first half of the year, with a service value added of 390,314 billion yuan, representing a year-on-year increase of 5.5% [1] - The proportion of service value added in GDP reached 59.1%, an increase of 0.7 percentage points compared to the same period last year [1] - In the second quarter, the service industry value added accelerated to 195,172 billion yuan, with a year-on-year growth of 5.7%, up by 0.4 percentage points from the first quarter [1] Group 2 - The modern service industry has performed well, with information transmission, software, and IT services growing by 11.1% year-on-year, and leasing and business services by 9.6% [2] - High-tech service industries have seen significant revenue growth, with high-tech service enterprises' revenue increasing by 9.9% and strategic emerging service industries by 9.5% from January to May [2] - The fixed asset investment in high-tech services grew by 8.6% year-on-year in the first half of the year [2] Group 3 - Service consumption has shown steady improvement, with service retail sales increasing by 5.3% year-on-year and per capita service consumption expenditure rising by 4.9% [2] - Online retail sales grew by 8.5% year-on-year, while tourism and cultural services saw significant increases, with tourism services up by 31.9% and cultural sports services by 7.4% [2] Group 4 - The service industry has maintained a positive outlook, with the business activity index averaging 50.2, indicating expansion [4] - The business activity expectation index averaged 56.7, remaining in a high prosperity range throughout the first half of the year [4]

Core Viewpoint - China's economy showed resilience in the first half of the year, with a GDP growth of 5.3% year-on-year, despite external pressures and uncertainties [1][2][6]. Economic Performance - The GDP for the first half of the year reached 66,053.6 billion yuan, with a quarterly growth of 5.4% in Q1 and 5.2% in Q2 [1]. - The unemployment rate remained stable, fluctuating between 5% and 5.4% throughout the year [2]. - Consumer Price Index (CPI) turned positive in June, growing by 0.1%, while the core CPI rose to 0.7% [2]. - The trade balance remained stable, with foreign exchange reserves exceeding $3.2 trillion [2]. Economic Characteristics - The economy demonstrated a "steady" trend, with GDP growth slightly increasing compared to previous years [2]. - Domestic demand contributed 68.8% to GDP growth, with final consumption accounting for 52% [3]. - The high-tech industry saw a value-added growth of 9.5% year-on-year in the first half of the year [4]. Consumption Trends - Retail sales of consumer goods reached 24.55 trillion yuan, growing by 5% year-on-year, with a notable increase in service consumption [5]. - The growth rate of sports goods retail sales was 22.2%, and jewelry sales increased by 11.3% [5]. - New consumption patterns, such as personalized and emotional spending, are emerging [5]. Future Outlook - The economic stability observed in the first half provides a solid foundation for achieving annual targets [6]. - The service sector's contribution to GDP has increased, accounting for 59.1% of GDP, with a contribution rate exceeding 60% [7]. - The government is expected to continue implementing supportive macroeconomic policies to ensure stable economic performance [7][8].