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On July 3, the State Council executive meeting announced plans to boost investments in shantytown renovation, energy conservation, environmental protection, public services, urban infrastructure, and consumer promotion. This marked a shift towards more targeted support for both economic growth and structural adjustment. Two days later, on July 5, the General Office of the State Council released the "Guiding Opinions on Financial Support for Economic Structural Adjustment and Transformation and Upgrading." Among its key points, Article 5 highlighted the need to further develop consumer finance to drive consumption upgrades, signaling a focus on long-term sustainable growth.
On July 12, another State Council executive meeting was held, focusing on accelerating the development of energy-saving and environmental protection industries, promoting information consumption, stimulating domestic demand, and driving overall economic transformation. These measures reflect a broader strategy that goes beyond short-term stimulus, aiming instead to reshape the economy for future stability and growth.
In recent months, China's economic growth has slowed, with the first-quarter GDP growth hitting a three-year low of 7.7%. The second quarter is expected to see even lower figures. The real economy is struggling, with the PPI remaining negative for 16 consecutive months, and the manufacturing sector approaching contraction. Despite these challenges, the government has opted not for a large-scale stimulus but rather a balanced approach that combines growth stabilization with structural reform and people’s welfare improvement.
The State Council’s July 3 meeting emphasized concentrating limited resources on key areas such as shantytown renovation, energy conservation, public services, and urban infrastructure. It also called for increased investment in consumption-related sectors. Following this, the General Office of the State Council issued the "Opinions on Accelerating the Renovation of Shanty Areas," detailing the implementation of these policies.
Experts suggest that the State Council is no longer focusing solely on growth stabilization but is now balancing multiple objectives—growth, structural adjustment, and social benefits—while keeping inflation under control. Lian Ping, chief economist at Bank of Communications, noted that this new approach reflects a high-level strategic move aimed at long-term economic health.
Premier Li Keqiang also emphasized during a symposium in Guangxi that China is entering a phase where sustainable development relies on economic transformation and structural upgrades. He stressed the importance of maintaining stable growth while pushing for reforms and adjustments.
Lian Ping added that the current policies, including shantytown renovations, energy-saving industry development, and the promotion of information consumption, are not only improving people’s lives but also reshaping industrial structures and creating new growth drivers. This marks a significant shift from past approaches that relied heavily on fiscal and monetary stimulus.
What stands out most about this round of policy measures is the innovation in expanding domestic demand. Instead of relying on broad money supply or fiscal spending, the government is now targeting specific sectors to stimulate growth while simultaneously driving structural changes. This approach supports both immediate and long-term economic stability by fostering new consumption and industrial growth points.
Experts believe that the new regulatory framework is clear and that more similar policies will likely follow, reinforcing the government’s commitment to a more balanced and sustainable path of development.
The main role of the portable emergency light is to provide lighting in the case of power failure or emergency, help people see the surrounding environment, find the safety exit and evacuation route, and ensure the safety of life. Portable emergency lights are usually battery powered and can automatically start in the event of a mains failure, providing people with the necessary lighting to reduce panic and anxiety in an emergency .
The specific application scenarios of portable emergency lights include homes, offices, public places, etc. In the home, portable emergency lights can provide lighting during power outages, facilitating daily activities such as cooking, homework, etc . In public places such as shopping malls, hospitals, etc., portable emergency lights can help people quickly evacuate and find safe exits in case of fire or other emergencies. In addition, portable emergency lights are also widely used in outdoor search, rescue, patrol and other workplaces, providing mobile lighting and emergency lighting .
The following points should be noted when using the portable emergency light: First, ensure that the portable emergency light is fully charged or can be used normally after being fully charged; Secondly, in an emergency, start the emergency light according to the product instructions; Finally, avoid placing lamps near damp, hot or flammable objects to ensure safe use .