National Bureau of Statistics (NBS): Consumption policies will continue to be strengthened in H2. Greater efforts should be made to promote the stabilization of the real estate market. ww test

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The State Council Information Office held a press conference at 10 a.m. on July 15, where Sheng Laiyun, Deputy Director of the National Bureau of Statistics (NBS), introduced the national economic performance in the first half of 2025 and answered questions from reporters.
NBS: The "smooth" circulation of the national economy improved in H1
Sheng Laiyun stated at the press conference held by the State Council Information Office that since the beginning of this year, China has introduced a series of policies to support the expansion of domestic demand, promote production, and ensure smooth circulation. According to the data tracked by the NBS, the flow of people, logistics, and capital has all improved.
Greater efforts needed to stabilize the real estate market
Since the beginning of this year, various regions and departments have implemented city-specific policies to stabilize the real estate market in line with the central government's decisions, deployments, and requirements. According to statistical data, the relevant measures have yielded significant results. The real estate market is generally moving towards stabilization. Specific manifestations include a narrowing decline in commercial housing sales; although commercial housing prices in first-, second-, and third-tier cities have fluctuated, the overall decline has narrowed; the sources of funding for the real estate market have also improved, and debt resolution work for real estate enterprises is progressing in an orderly manner; real estate inventory has decreased for four consecutive months. Sheng Laiyun emphasized that it should be noted that the sales area and prices of real estate are still declining YoY. The bottoming-out and transformation of the real estate market is a process, which is a normal phenomenon. Greater efforts are needed to stabilize the real estate market and prevent further declines.
Slowdown in investment growth does not mean a contraction in investment space
A slowdown in investment growth does not mean a contraction in investment space. In fact, there is significant investment potential at this stage. Effective investment is needed in areas such as new quality productive forces, urban renewal and transformation, and addressing shortcomings in people's livelihoods. Therefore, we should better optimize the investment layout, improve the investment environment, fully mobilize the enthusiasm of private investment, and continue to promote the healthy development of investment in line with the requirements of high-quality development.
Consumer policies will continue to be strengthened in H2
In the first half of the year, China's consumer market became more active and showed a positive development trend driven by a series of policies to promote consumption and expand domestic demand. China's consumer development in the second half of the year will be supported. Some positive influencing factors and trends in the first half of the year will continue in the second half, and consumer policies will continue to be strengthened.