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[affected by the recent high temperatures and heavy rainfall, as well as the off-season for some industries, the manufacturing pmi continued to decline to 49.1% in august, down 0.3 percentage points from the previous month, and has been below the boom-bust line for four consecutive months.]

the national bureau of statistics will release economic data for august on september 14. according to institutional analysis, since august, the policy of stabilizing growth has been implemented, the policy effect has been further released, and industrial demand has gradually recovered. however, the downward pressure on the overall economy still exists, the domestic effective demand is still insufficient, and the consumption potential of residents needs to be further released.

the latest "cbn chief economist confidence index" released by cbn research institute is 49.96, below the boom-bust line of 50. economists believe that under the influence of internal and external disturbances, my country's economic recovery is still under pressure, and further policies to stabilize the economy are needed to restore effective demand.

on behalf of the state council, xiang libin, deputy director of the national development and reform commission, reported to the 11th meeting of the 14th national people's congress standing committee on the implementation of the national economic and social development plan since this year on the 10th. in his report, xiang libin introduced that based on the relevant data on economic and social development currently available and the information obtained from all parties, the implementation of the plan is generally good. the adverse effects brought about by changes in the external environment have increased, domestic effective demand is insufficient, economic operations have diverged, there are still many risks and hidden dangers in key areas, and there are pains in the conversion of new and old growth drivers.

xiang libin said that in the second half of the year, we must increase the intensity of macro-policy regulation, strengthen innovation-driven development, deeply tap the potential of domestic demand, continuously enhance new momentum and new advantages, enhance the vitality of business entities, stabilize market expectations, enhance social confidence, enhance the trend of sustained economic recovery, effectively protect and improve people's livelihood, maintain social stability, and unswervingly complete the annual economic and social development goals and tasks.