稳中向好，中国经济韧性强（年中经济观察）

Economic Performance - China's GDP grew by 5.3% year-on-year in the first half of the year, surpassing both the same period last year and the full-year growth rate, ranking among the top of major global economies [1] - The total export value of Yiwu city reached 289.31 billion yuan in the first five months, marking a 23.7% year-on-year increase [3] - The national import and export scale stabilized at over 20 trillion yuan, achieving a historical high for the same period and maintaining year-on-year growth for seven consecutive quarters [3] Trade and Market Dynamics - Yiwu enterprises are actively expanding into emerging markets in Southeast Asia, Latin America, and the Middle East while also enhancing domestic market strategies [2] - The retail sales of consumer goods reached 24.55 trillion yuan, with a year-on-year growth of 5.0%, indicating a vibrant consumer market [9] - The contribution rate of final consumption expenditure to GDP growth was 52%, highlighting the importance of domestic demand [9] Industrial Development - The industrial added value of large-scale enterprises increased by 6.4% year-on-year in the first half of the year, accelerating by 0.6 percentage points compared to the previous year [7] - High-tech manufacturing industries saw a 9.5% year-on-year increase in added value, contributing 23.3% to the overall industrial growth [7] - The bearing industry reported a 11.16% year-on-year growth in industrial output value among 159 major enterprises in the first five months [6] Employment and Policy Support - The average urban unemployment rate was 5.2%, a decrease of 0.1 percentage points from the first quarter, indicating overall stability in the employment situation [13] - The central government allocated 66.74 billion yuan for employment support, enhancing policies to stabilize jobs and promote hiring [12] - Companies are benefiting from policies such as tax reductions and subsidies, which have led to increased orders and production capacity [11][15] Future Outlook - The Chinese economy is expected to maintain stable growth in the second half of the year, supported by high-quality development and structural adjustments [19] - The potential for urbanization is significant, with estimates suggesting that a 1% increase in urbanization rate could generate over 200 billion yuan in annual consumption demand [20] - Various foreign financial institutions have raised their economic growth forecasts for China in 2025, reflecting confidence in the sustained momentum of the economy [23]