Economic and local economic and local economic and local demand expanded domestic demand in the second half of the year

Since August, local intensive policies have been intensive and the economy has been in the second half of the year. Several measures were introduced in Yunnan, Tianjin, Henan and other places to stabilize the economic market by promoting consumption and stabilizing investment. Analysts believe that expanding domestic demand is the focus of the second half of the year. In the future, more targeted measures are expected to be introduced to consolidate economic stability.

Mastery to promote consumption recovery

Since the beginning of the summer, the popularity of Beijing West Third Ring Road has risen. Regardless of whether it is a "net red" restaurant or a brand small shop, the long -lost ranking is the norm. Recently, Beijing has issued 100 million yuan of catering consumer vouchers through online and offline methods to promote the orderly recovery of the catering market.

Consumption is the initiative to drive economic growth. In addition to Beijing, in addition to Beijing, it has continued to make efforts in stimulating consumption in the near future. Policies focusing stable and increasing car consumption, strengthening digital consumption, expanding service consumption, improving home improvement and home consumption, accelerating consumption improvement upgrades and upgrading upgrades Wait.

On August 8th, Yunnan released the "Three -Year Action Plan for Consumption Steady Growth in Yunnan Province (2022-2024)", which proposed that six major actions will stimulate consumption potential, accelerate online and offline consumption integration, encourage traditional business enterprises Digital transformation, intelligent transformation and cross -border integration; support the construction of Kunming for the international consumer center cities of South Asia and Southeast Asia.

On August 4, the Tianjin Development and Reform Commission issued the "Several Measures on Promoting Consumption Restoration and Promotions" (draft for the promotion of consumption recovery and boosting). , Housing and home consumption.

In addition, a series of consumer activities such as Shanghai "Five -Year Shopping Festival" and "2022 Shenzhen Shopping Season" have been launched one after another. Many cities have issued various consumer coupons such as cultural tourism, sports, catering, cars, hotels, etc. to boost market consumption confidence.

Chen Wenling, chief economist of the China International Economic Exchange Center, said that the problem of weak consumption is the key to ensuring economic growth this year in a reasonable operating range. It should take multiple measures and activate domestic consumption demand and truly release China's oversized market dividends.

Multiple measures to promote the continuous and stable growth of investment

Actively expanding effective investment is an important support for the economy. Recently densely deployed investment and expansion, the construction of infrastructure and major projects has become the main starting point.

Henan recently issued the "Henan Province to comprehensively accelerate the construction of the Economic House to Stable Economic House", which proposed that it will invest over 4.2 trillion yuan and start construction of 602 key infrastructure construction projects. Among them, 84 major infrastructure projects started before the end of September this year, with a total investment of 137.3 billion yuan.

Recently, Jiangsu held a meeting of industrial steady growth in the province, requiring to accelerate the implementation of major projects in the "Fourteenth Five -Year Plan", and effectively play a role in promoting investment and stable growth of major projects. Accelerate the construction of "dual Gigabit", accelerate the in -depth coverage of 5G networks and Gigabit Light Network in the industrial agglomeration area, and ensure that the annual construction of 50,000 base stations will be completed.

Recently, a number of major projects have been started in various places. The development and reform departments have stated that it is necessary to promote the construction of new projects as soon as possible, increase the increase in construction projects, and form more investment quantities as soon as possible, and promote the continuous and stable growth of investment.

The relevant person in charge of the Liaoning Provincial Development and Reform Commission said that it will follow the annual investment goals, coordinate 13 leading departments of various regions and major projects, refine the investment tasks of each month in the second half of the year, and take ultra -conventional measures to promote the implementation. Inventory assessment. At the same time, grab policy opportunities such as major infrastructure construction and investment funds, promote policy implementation and project implementation, and prepare for project declaration and funds next year.

"The current breakthrough in expanding domestic demand is to accelerate the implementation of key projects." Luo Yan, a senior researcher at the Zhixin Investment Research Institute, believes that the local government may accelerate the progress and implementation of project approval and play the role of key projects on investment as soon as possible.

Data data in July is expected to improve

The National Bureau of Statistics will announce the economic operation data in July next week. Institutions generally predict that as the policy of stabilizing the economy has continued to take effect, data such as infrastructure and manufacturing investment and consumption in July are expected to improve.

Cheng Qiang, the chief macro analyst of CITIC Securities, said that many policies and measures have been implemented one after another to form a joint effort to support the growth of infrastructure investment. Infrastructure investment is expected to accelerate. In July, a single month infrastructure investment climbed a higher level on the basis of 12%.

Since the beginning of this year, automobile consumption has become the main force to drive the overall consumption, and this trend is still continuing. According to the latest data released by the China Automobile Association yesterday, in July, the production and sales of automobiles completed 2.455 million and 2.42 million, respectively, an increase of 31.5%and 29.7%year -on -year.

The China Automobile Association predicts that with the boost of a series of policies, the automotive market continues to grow steadily in August, especially with the arrival of the traditional gold consumer season in the auto market in September, the production and sales of passenger cars are expected to grow rapidly. Growth provides strong support.

Many securities firms believe that, driven by factors such as catering consumption, the continuation of car sales, and the recovery of service consumption, the consumption in July is expected to achieve a growth of about 5%year -on -year.

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