Core Viewpoint - The economic indicators for July show a stable yet progressive development despite external uncertainties and domestic structural issues, with five key characteristics highlighting the resilience of production, consumption, and investment growth [1][2]. Group 1: Economic Characteristics - The economic operation in July exhibited five main characteristics: stable growth in production supply, continued growth in consumption and investment, resilient foreign trade, overall stability in employment and prices, and steady growth of new development momentum [2]. - In July, the industrial added value above designated size increased by 5.7% year-on-year, maintaining a rapid growth rate [2]. - The urban survey unemployment rate in July was 5.2%, reflecting a seasonal increase of 0.2 percentage points from the previous month, but remained stable compared to the same period last year [2]. Group 2: Consumption and Investment - In July, the total retail sales of consumer goods increased by 3.7% year-on-year, with retail sales of goods growing by 4% [4]. - From January to July, the retail sales of services grew by 5.2%, with significant growth in tourism, transportation, and cultural services [4]. - Investment growth slowed due to extreme weather and project construction delays, but the scale of investment continued to expand, with equipment investment increasing by 15.2% from January to July [4]. Group 3: New Development Momentum - The high-tech manufacturing sector showed positive development, with the added value of high-tech manufacturing above designated size increasing by 9.3% year-on-year, outpacing overall industrial growth [5]. - The production index for information transmission, software, and IT services, as well as leasing and business services, grew by 11.9% and 8% respectively [5]. - The online retail of physical goods increased by 6.3% year-on-year from January to July, indicating a rapid development in online consumption [6].