National Bureau of Statistics: "Two New" policies have shown significant effectiveness, continuously driving industry profit growth.

Since the implementation of the "two new" policy, the effectiveness has been obvious, driving a faster growth in profits in related industries. In July, under the stimulus of policies related to large-scale equipment updates, industries such as electronic and electrical machinery manufacturing, general parts manufacturing, and specialized equipment manufacturing for food, beverage, tobacco, and feed production saw rapid profit growth, with year-on-year growth rates of 87.9%, 15.3%, and 11.3% respectively. Under the policy of exchanging old products for new ones in the consumer goods sector, profits in industries such as computer manufacturing, smart unmanned aircraft manufacturing, and household cleaning appliances manufacturing increased by 124.2%, 100.0%, and 29.7% respectively; while profits in industries related to the industrial chain, such as computer peripheral equipment manufacturing and sensitive component and sensor manufacturing, increased by 57.0% and 51.9% respectively.