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Chief economist Ming Ming of CITIC Securities stated that in the first half of the year, the total volume of China's economy remained stable and improved, with the structure continuously optimized achieving a growth rate of 5.3%, significantly exceeding market expectations. Ming Ming said that in the past two years, the Chinese government has used some expansionary policies in the second half of the year to effectively support growth in the second half of the year. Considering the impressive macroeconomic results in the first half of this year and the full utilization of the annual policy quota, incremental policies in the second half of the year may come from innovative policy tools. The main channels and directions of policy tool innovation will still focus on the weak links in the current macroeconomy, including directions that need continuous support in the second half of the year, such as real estate inventory controls, the service industry, consumption, as well as the continuity of the 14th Five-Year Plan and the development of the 15th Five-Year Plan, which are likely to be the ultimate direction for innovative policy tools. (China News Network)