Economic Overview - In July, China's economy demonstrated resilience and vitality despite external complexities and extreme weather conditions, maintaining a steady growth trajectory [1] - The National Bureau of Statistics reported that major economic indicators showed overall stability, with employment and prices remaining stable [5] Industrial and Service Sector Performance - In July, industrial production grew rapidly, with the industrial added value for large-scale enterprises increasing by 5.7% year-on-year and 0.38% month-on-month [3] - The service sector also experienced significant growth, with the service production index rising by 5.8% year-on-year [3] Consumer and Investment Trends - Retail sales continued to grow, with total social consumer goods retail sales reaching 38,780 billion yuan, a year-on-year increase of 3.7% [3] - From January to July, fixed asset investment expanded to 288,229 billion yuan, reflecting a year-on-year growth of 1.6% [5] Trade and Employment Situation - In July, the total value of goods imports and exports accelerated, amounting to 39,102 billion yuan, with a year-on-year growth of 6.7% [5] - The urban survey unemployment rate averaged 5.2% from January to July, indicating a stable employment situation [5] External Trade Environment - Despite a challenging trade environment and increased uncertainties, China's export growth is supported by favorable conditions, including a complete industrial system and proactive foreign trade policies [7] - The International Monetary Fund has raised its forecast for China's economic growth by 0.8 percentage points, reflecting increased confidence in China's economic development [7] Future Economic Strategy - The National Bureau of Statistics emphasized the need to stabilize employment, enterprises, markets, and expectations to promote healthy economic development in both domestic and international contexts [7]
7月份国民经济保持稳中有进发展态势 展现出较强韧性和活力
Yang Shi Wang·2025-08-15 08:08