Economic Overview - In the first half of the year, China's GDP reached 66,053.6 billion yuan, with a year-on-year growth of 5.3% at constant prices [1] - The external environment has become increasingly complex and severe, but proactive macro policies have shown effectiveness, leading to a stable and positive economic trend [1] Economic Stability - The GDP growth rates were 5.4% in Q1 and 5.2% in Q2, indicating a steady economic performance [2] - The average urban survey unemployment rate was 5.2%, a decrease of 0.1 percentage points from Q1 [2] - The Consumer Price Index (CPI) saw a slight decline, but rose in June after four consecutive months of decrease [2] - The total import and export volume reached a record high for the same period [2] Consumption Trends - Final consumption expenditure contributed 52% to economic growth in the first half of the year [5] - The total retail sales of consumer goods amounted to 24.55 trillion yuan, reflecting a year-on-year growth of 5% [5] - There is an increasing share of service consumption, with holiday consumption playing a significant role and a rise in upgraded consumption and green consumption trends [5] Innovation and New Industries - The number of effective invention patent applications reached nearly 5 million from January to May, growing by 12.8% [6] - The digital economy is rapidly developing, with its core industries accounting for about 10% of GDP [6] - The service sector plays a crucial stabilizing role, and green industries are thriving, contributing to improved economic circulation [6] Domestic Demand and Policy Support - Domestic demand contributed 68.8% to GDP growth in the first half of the year [8] - A series of policies have been introduced to strengthen domestic circulation, expand demand, and promote production [8] Future Outlook - The year marks the conclusion of the 14th Five-Year Plan and the preparation for the 15th Five-Year Plan, with expectations for China's economy to provide more stability and certainty to the global economy [10]
中国经济“半年报”出炉!底盘稳、韧劲足!
Xin Hua Wang·2025-07-16 13:51