According to CoinMeta, the 24th meeting of the Standing Committee of the 14th National People's Congress was held in Beijing from August 25th to 28th. The "Report of the State Council on the Implementation of the National Economic and Social Development Plan Since This Year" was submitted for deliberation at this meeting of the Standing Committee of the National People's Congress. The report indicates that since the beginning of this year, China's economic operation has been generally stable with progress within stability, and the overall social situation has remained stable. In the first half of the year, the Gross Domestic Product (GDP) grew by 4.7% year-on-year, with an increase of 3.6 trillion yuan, which is the highest level for the same period in five years. Wang Changlin, Deputy Director of the National Development and Reform Commission, stated that the implementation of the plan has been generally good, with indicators such as economic growth, employment, prices, and foreign trade imports and exports meeting expectations, while indicators such as market consumption and residents' income have grown steadily. The report also points out that the spillover effects of multiple shocks, including geopolitical conflicts, are gradually becoming apparent on China's economic operation. The domestic economic structure continues to diverge, insufficient effective demand affects the economic cycle, production and operation difficulties have increased in some industries and enterprises, the task of resolving risks in key areas is arduous, and efforts still need to be intensified in employment and livelihood protection.