China Securities Association held a regular meeting of the chief economist of the securities fund industry in the second quarter of 2023 on June 15. Experts at the meeting believe that judging from the current statistics, the domestic economy continues to recover. On the one hand, the recent domestic vehicle freight flow and other high-frequency data, as well as copper futures and other asset prices reflecting economic expectations gradually stabilized and rebounded, PPI is expected to hit bottom in the second half of the year. On the other hand, from January to May 2023, investment in high-tech industries increased by 12.8% compared with the same period last year, maintaining a relatively high growth rate. The layout of strategic emerging industries in various localities accelerated, and the number of strategic emerging industries accounted for nearly 50% of major local industrial projects in 2023. The new momentum of domestic innovation and development has been steadily enhanced. Experts attending the meeting suggested that there is more room for domestic consumption expansion, and that fiscal policy should further increase support for promoting consumer demand and increase investment in health care, pension, education and other fields. We will make good use of the structural monetary policy to reduce the pressure on the main body of society to pay interest on debt. In the long run, we should further speed up the construction of a modern industrial system, speed up the transformation and upgrading of the mode of economic development, and promote the improvement of total factor productivity.