China's National Bureau of Statistics released 1H data. Chen Wenling, senior
researcher at the Contemporary China and World Research Institute, identified
three market-relevant features: concurrent repair of existing stock and creation
of new output — steady restoration of existing capacity amid a complex external
environment alongside significant new output led by emerging productivity
drivers; an overlay of stock-focused and incremental policies that materially
supported economic repair and growth; and external-oriented growth running in
parallel with domestic structural optimization. She described her overall
assessment of 1H as strong and improving.
