“半年报”折射中国经济三大优势不变

Group 1: Economic Performance - China's GDP grew by 5.3% year-on-year in the first half of the year, reflecting a resilient economy described as "steady and improving" by the National Bureau of Statistics [1] - The total retail sales of consumer goods reached 24.55 trillion yuan, with a year-on-year growth of 5%, and a second-quarter growth of 5.4%, accelerating by 0.8 percentage points from the first quarter [1] - Final consumption expenditure contributed 52% to economic growth in the first half of the year, indicating a strong consumer market supporting GDP growth [1] Group 2: Trade Resilience - Despite disruptions from U.S. tariffs, China's imports and exports recorded a year-on-year growth of 4.5% in the second quarter, accelerating by 3.2 percentage points from the first quarter, marking seven consecutive quarters of growth [3] - Exports of electromechanical products reached 7.8 trillion yuan, growing by 9.5% and accounting for 60% of total exports, with high-end equipment exports increasing by over 20% [3] - The diversification of export markets and the growth of demand in emerging markets are expected to support China's export growth in the second half of the year [3] Group 3: Policy Support - The Chinese government has a rich "toolbox" of policies to support economic stability, with monetary and credit indicators showing steady growth [4] - New policy financial tools are being introduced to support technological innovation, expand consumption, and stabilize foreign trade, with significant attention from the market [5] - The focus of these new financial tools will be on addressing weak areas in the macro economy and supporting sectors like services and consumption [5]