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The global economic growth is facing increasing uncertainty. Economists from many international organizations have pointed out that China's economy has shown remarkable resilience against this backdrop. In the first half of this year, China's economic structure continued to optimize, with the demand side performance particularly outstanding in the various data released. Xing Ziqiang, Chief Economist of Morgan Stanley China, pointed out two bright spots from the demand perspective. Firstly, exports remained resilient and manufacturing investment maintained rapid growth, especially in emerging industries and high-tech manufacturing, demonstrating the continuous release of industrial chain upgrading and innovation momentum; secondly, there was also a certain rebound in domestic consumption demand. Ito Hideki, Director of Research at Mizuho Bank China Limited, believes that the effects of the policy supporting the replacement of old devices are significant, especially in the sales of household appliances and communication equipment. Moreover, new consumption patterns have increased the consumption activity of the younger generation, who are leading consumer trends, with online retail platforms continuing to show strong growth. (CCTV Finance)