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新华全媒+丨宏观政策发力显效 国民经济稳中有进——透视7月我国经济运行态势
Xin Hua Wang·2025-08-15 13:49

Economic Performance Overview - In July, China's national economy maintained a steady and progressive development trend, with continuous growth in production and demand, stable employment and prices, and new achievements in high-quality development [2][3] - The industrial production and service sectors experienced rapid growth, with industrial added value increasing by 5.7% year-on-year and the service production index rising by 5.8% [2] Demand and Investment - Market sales continued to grow, with the total retail sales of consumer goods increasing by 3.7% year-on-year in July. Fixed asset investment also expanded, with a year-to-date growth of 1.6% [2] - Despite challenges such as extreme weather and project construction slowdowns, the investment scale continued to expand [2] Trade Resilience - China's goods import and export maintained growth, with a total trade volume increasing by 6.7% year-on-year in July, showcasing strong resilience and vitality [2][6] - Exports grew by 8% year-on-year, marking a continuous acceleration for two consecutive months [2] Employment and Price Stability - The urban unemployment rate stood at 5.2%, unchanged from the previous year, while the Consumer Price Index (CPI) remained stable, indicating overall price stability [3] - The core CPI, excluding food and energy, rose by 0.8%, reflecting positive changes in inflation trends [3] New Growth Drivers - New economic drivers are steadily growing, with high-tech manufacturing value added increasing by 9.5% year-on-year from January to July [4] - Significant growth was observed in the integrated circuit manufacturing and electronic materials sectors, with increases of 26.9% and 21.7% respectively in July [4] Consumer Trends - Emerging consumption trends such as online retail and the silver economy are rapidly developing, contributing to new growth points in consumer spending [4] - The replacement of old appliances and communication equipment saw retail sales increase by 30.4% and 22.9% year-on-year, respectively [6] Policy Impact and Future Outlook - The implementation of proactive macroeconomic policies has effectively supported economic stability and growth, with a focus on expanding market demand and enhancing new productive forces [6][7] - The International Monetary Fund has raised its growth forecast for China's economy by 0.8 percentage points, reflecting confidence in the country's economic fundamentals [7]