上半年经济“成绩单”怎么看？国家统计局权威解读

Core Viewpoint - China's economy showed stable growth in the first half of the year, with GDP reaching 66.05 trillion yuan, a year-on-year increase of 5.3% [2][3]. Economic Performance - The GDP growth rate for the first quarter was 5.4%, while the second quarter saw a slight decrease to 5.2%. The quarter-on-quarter growth for the second quarter was 1.1% [2][3]. - Key economic indicators performed better than expected, indicating a steady and positive development trend [3][4]. Stability and Growth Characteristics - The economy exhibited stability, with the GDP growth rate increasing by 0.3 percentage points compared to the same period last year [4]. - The unemployment rate remained stable, fluctuating between 5.0% and 5.4% throughout the year [4]. - Price levels remained low and stable, with international balance of payments maintaining basic equilibrium and foreign exchange reserves exceeding 3.2 trillion USD [4]. Innovation and New Developments - The economy also showed progress in innovation, coordination, green development, openness, and shared growth, with high-tech industries' added value increasing by 9.5% year-on-year [5][6]. Consumption and Investment - The contribution rates of the "three drivers" of the economy were: final consumption expenditure at 52%, capital formation at 16.8%, and net exports at 31.2% [7]. - In the second quarter, final consumption expenditure's contribution rose to 52.3%, while capital formation and net exports contributed 24.7% and 23%, respectively [8]. - Consumer spending, particularly in services and upgraded consumption, showed significant growth, supported by policies aimed at boosting domestic demand [9][10]. Real Estate Market - Fixed asset investment reached 24.87 trillion yuan, growing by 2.8% year-on-year, with non-real estate investment increasing by 6.6% [11]. - The real estate market showed signs of stabilization, with improved transaction volumes and a reduction in unsold housing inventory [13][14]. Future Outlook - Several foreign institutions have raised their economic growth forecasts for China for 2025, reflecting confidence in the country's economic resilience [15]. - Despite external uncertainties, the economy is expected to maintain stable growth, supported by effective macroeconomic policies and ongoing structural adjustments [16][17].