Economic Overview - In July, there were fluctuations in economic operation data related to investment and consumption, but the overall trend of expanding consumption and optimizing investment structure remains unchanged [2] - The total retail sales of consumer goods in July increased by 3.7% year-on-year, while the combined growth of goods and services retail from January to July was around 5% [2] - Fixed asset investment from January to July grew by 1.6% year-on-year, with actual growth adjusted for price factors estimated at 4% to 5% [2] Artificial Intelligence Action Plan - The State Council has issued an opinion on the implementation of the "Artificial Intelligence+" initiative, outlining overall requirements, development goals, and key directions [3] - The initiative will focus on "hard investment" and "soft construction," with three main areas of work: developing supporting policies, promoting major projects, and enhancing demonstration and leadership [3][4] - Specific tasks include optimizing resource allocation, reducing R&D costs, and fostering innovation in key industries [3] Domestic Demand Strategy - The National Development and Reform Commission (NDRC) emphasizes the need to implement a strategy to expand domestic demand, focusing on strengthening internal circulation and optimizing external circulation [5] - Measures to stimulate consumption include large-scale vocational skills training, improving minimum wage standards, and implementing policies for upgrading consumer goods [6] - The government plans to support key projects in the public sector and promote private investment in major projects, including setting minimum participation ratios for private investments in significant infrastructure projects [6]

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the importance of expanding domestic demand and implementing the "Artificial Intelligence +" initiative to enhance economic growth and optimize market structures [1][2][11]. Group 1: Domestic Demand Expansion - The NDRC plans to deepen the strategy of expanding domestic demand, focusing on strengthening internal circulation and optimizing external circulation [2]. - Despite fluctuations in some economic indicators in July, the overall trend of consumption expansion and investment structure optimization remains unchanged, indicating significant potential for domestic demand growth [4]. - Specific measures include large-scale vocational skills training to promote employment among key groups such as college graduates and veterans, and implementing policies to encourage consumption upgrades [5]. Group 2: Investment and Private Sector Engagement - The NDRC aims to increase central investment support and reduce local funding pressures, particularly in the private investment sector [6]. - Policies will be developed to facilitate private investment in major national projects, including setting minimum participation ratios for private investments in significant infrastructure projects [6]. Group 3: Internet Platform Price Regulation - The NDRC is working on a new regulatory framework for internet platform pricing to ensure fair competition and protect consumer rights [8][10]. - The proposed rules will guide operators in lawful pricing practices and address issues like predatory pricing and false advertising [10]. Group 4: "Artificial Intelligence +" Initiative - The "Artificial Intelligence +" initiative aims to integrate AI across six key areas, including technology, industry, and consumer quality enhancement, with a focus on building a robust AI support system [12]. - The initiative will be implemented in three phases, with the first phase targeting significant AI integration by 2027, aiming for over 70% application penetration in key sectors [13][14]. - By 2030, the goal is to achieve over 90% application penetration, leading to a comprehensive integration of AI in various fields [14].