Economic Growth - 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, indicating a stable economic performance despite pressures [1] - The contribution rates to GDP growth were 52% from final consumption expenditure, 16.8% from capital formation, and 31.2% from net exports of goods and services, highlighting consumption as the main driver of growth [1] Manufacturing and Investment - The equipment manufacturing sector showed significant growth, with an increase in value added and investment, reflecting strong resilience and potential for future development [3] - Industrial production grew rapidly, with value added in equipment manufacturing increasing by 10.2% and high-tech manufacturing by 9.5% in the first half of the year [8] Consumer Market - The retail sales of consumer goods totaled 24.55 trillion yuan, marking a 5% year-on-year increase, driven by effective consumption support policies and an upgrade in consumption structure [5] - The "old-for-new" policy has stimulated accelerated growth in commodity consumption [5] Trade Performance - The total import and export value reached 21,787.6 billion yuan, with a year-on-year growth of 2.9%, and exports of electromechanical products increased by 9.5%, accounting for 60% of total exports [10] - The complete and resilient industrial chain has contributed positively to trade performance, supported by fiscal subsidies for durable consumer goods [10] Policy Impact - The implementation of proactive macroeconomic policies has played a crucial role in stabilizing the economy, with further policy measures expected to be introduced in the second half of the year [10]
权威解读|从上半年成绩单看中国经济增长点
Xin Hua She·2025-07-19 02:12