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从“稳”“进”“新”“畅”关键字中读懂中国经济“半年报”
Yang Shi Wang·2025-07-16 09:06

Economic Overview - The core viewpoint of the article is that China's economy has shown resilience and stability in the first half of the year, with a GDP growth of 5.3% compared to the previous year, laying a solid foundation for achieving annual targets [1][3][7]. Economic Stability - The economic operation has been characterized by stability, with GDP growth slightly increasing from 5% in the previous year to 5.3% this year, with the first quarter at 5.4% and the second quarter at 5.2% [3][5]. - The unemployment rate has remained stable, fluctuating between 5.0% and 5.4% throughout the year [3]. - Consumer Price Index (CPI) has shown low volatility, with a slight increase of 0.1% in June after a few months of decline [3][5]. - The balance of international payments has been maintained, with foreign exchange reserves exceeding $3.2 trillion [3]. Economic Progress - The economy is making steady progress in terms of transformation and high-quality development, with significant achievements in innovation, coordination, green development, openness, and shared development [4]. - High-tech industries have seen a year-on-year increase of 9.5% in added value, indicating a growing contribution of new industries and technologies to the economy [4]. Domestic Demand - Domestic demand has played a crucial role in GDP growth, contributing 68.8%, with final consumption expenditure being the main driver at 52% [5]. - The volume of freight turnover increased by 5.1%, while passenger turnover rose by 4.9% [5]. Consumer Market - The retail sales of consumer goods reached 24.55 trillion yuan, growing by 5% year-on-year, with a notable acceleration in the second quarter [10]. - Service sector consumption has increased, with service retail sales growing by 5.3% and goods retail sales by 5.1% [10]. - Holiday consumption has seen a significant boost, with record numbers of people traveling during major holidays [10][11]. - Upgraded consumption categories, such as sports goods and jewelry, have experienced substantial growth rates of 22.2% and 11.3%, respectively [10]. Future Outlook - The economic outlook for the second half of the year remains optimistic, supported by ongoing consumption policies and a diversified trade strategy [8][11]. - The service sector is expected to continue its positive contribution to GDP growth, with a contribution rate of 60% in the first half of the year [7].