China's economy demonstrated positive momentum across multiple sectors in July, according to data released by the State Information Center of the National Development and Reform Commission on August 8. The figures show steady growth in offline consumption, optimized investment structures, and active capital deployment towards new quality productive forces, fueling continuous innovation.

In terms of consumption, various consumer payment amounts rose by 2.2% year-on-year in July, with the growth rate accelerating by 0.8 percentage points from the previous month. Specifically, payment amounts for household appliances and audiovisual equipment increased by 8.5% year-on-year, a 10.9 percentage point improvement from June. The "Shouqianba" physical commercial vitality index, reflecting the operational status of small and medium-sized merchants, climbed to 81.9, up 3.1% from the previous month. "The most encouraging change in July's consumption is the broadening scope of recovery," said Xing Yuguan, an associate researcher at the Big Data Development Department of the State Information Center. Offline consumption grew steadily, coupled with a rebound in bulk consumption and the summer tourism and cultural boom, further activating various consumption scenarios such as shopping districts, street-side shops, and community stores, accelerating the release of market potential.

Regarding investment, data shows that investment in advanced manufacturing surged by 73.1% year-on-year in July, a significant increase of 42.5 percentage points from June. The winning bid amounts for projects related to new infrastructure, including computing power, data, and networks, grew by 0.8% year-on-year. "The investment structure is continuously optimizing, with market capital actively deploying towards new quality productive forces, reflecting confidence in the prospects of industrial upgrading," Xing noted. As various regions advance the planning and construction of the "six major networks" and accelerate fiscal spending and the use of bond funds, investment in emerging sectors will continue to expand, leading to the emergence of more new economic growth points.

On the industrial front, the production heat index for industrial parks rose by 1.0% year-on-year in July, indicating overall stable operations. The heat indices for semiconductors, new materials, and digital intelligence grew by 11.6%, 8.9%, and 4.8% year-on-year, respectively. Patent authorizations related to strategic emerging industries increased by 10.7% year-on-year, with those related to artificial intelligence surging by 60.0%, a 21.7 percentage point increase from June. Xing Yuguan stated that based on industrial operation data, sectors such as semiconductors, new materials, and digital intelligence are showing robust enterprise vitality, while the field of artificial intelligence is witnessing a dense output of achievements, providing ample impetus for the transformation of old and new growth drivers in the industrial sector.