China Securities Co., Ltd. pointed out that China is actively promoting policies to expand consumption and domestic demand, and in the past two years several policies have achieved certain results, such as the "Two New" policy promoting equipment updates and replacing old consumer goods with new ones, and innovative consumption scenarios driving growth in cultural and tourism consumption. However, since April, the USA Trump's government has been gradually imposing high tariffs on China, with the pace and intensity of the tariffs exceeding expectations, severely impacting China's export trade. Against this backdrop, the significant growth in consumption this year is a necessary choice to respond to external shocks and will become a key measure to stabilize the economic fundamentals. The domestic consumption expansion and domestic demand policies will likely continue to strengthen. Looking ahead at future policy directions, it is expected to focus on multiple dimensions such as increasing residents' income, reducing burdens, improving social security, increasing consumption subsidies, and enhancing consumption scenarios. Improvements in residents' expectations, perfection of social security, and enhanced consumption stimulation will support substantial growth in consumption, thereby becoming a key factor in stabilizing economic fundamentals and aiding China's economy in achieving stable development in a complex external environment.