Core Viewpoint - The overall economic performance in the first half of the year is stable and improving, with a GDP growth of 5.3% year-on-year, indicating strong resilience and pressure resistance of the Chinese economy [2][3]. Economic Performance - The GDP for the first half of the year reached 66,053.6 billion yuan, with a year-on-year growth of 5.3% [2]. - The contribution rate of domestic demand to GDP growth was 68.8%, with final consumption expenditure contributing 52% [4]. - The first quarter GDP growth was 5.4%, while the second quarter saw a slight decrease to 5.2% [2]. Sector Analysis - The primary industry added value was 31,172 billion yuan, growing by 3.7%; the secondary industry reached 239,050 billion yuan, with a growth of 5.3%; and the tertiary industry added 390,314 billion yuan, growing by 5.5% [2]. - Retail sales of consumer goods totaled 24.55 trillion yuan, with a year-on-year growth of 5%, and the second quarter growth accelerated to 5.4% [4]. Consumer Trends - Service consumption accounted for an increasing share, with service retail sales growing by 5.3% and goods retail sales by 5.1% [4]. - Upgrading consumption trends were noted, with sports goods retail sales increasing by 22.2% and jewelry retail sales by 11.3% [4]. - New consumption models and trends, such as "self-indulgent consumption" and personalized consumption, are emerging [4]. Future Outlook - The positive consumption trend is expected to continue into the second half of the year, supported by ongoing consumption policies and subsidies [5]. - The expansion of visa-free policies is boosting domestic consumption, with significant increases in foreign visitors during holidays [5].

15日，国新办就2025年上半年国民经济运行情况举行新闻发布会。 国家统计局副局长盛来运在会上表示，上半年，经济运行总体平稳、稳中向好，生产需求稳定增长，就 业形势总体稳定，居民收入继续增加，新动能成长壮大，高质量发展取得新进展，社会大局保持稳定。 经济运行"稳"的主基调没有变 盛来运表示，上半年一个很突出的特点就是经济运行"稳"。增长稳中略升，上半年GDP同比增长5.3%， 增速比去年同期和全年均提升0.3个百分点。调查失业率总体平稳，今年以来，月度调查失业率基本在 5.0%—5.4%区间波动。物价低位运行，基本平稳。国际收支基本平衡，货物贸易进出口创同期新高， 外汇储备维持在3.2万亿美元以上。从以上四大宏观指标看，经济运行"稳"的主基调没有变。 视频：国家统计局：上半年GDP同比增长5.3%来源：中国新闻网 下半年中国经济保持稳定增长有支撑 盛来运称，不少国际机构还有一些投行对全球经济预测发表展望报告，多数机构都是预测下半年全球经 济放缓，但这些机构大多不约而同调高了中国经济增长的预期。这显示了国际机构和投行对中国经济发 展的信心。从下半年情况看，尽管外部环境还有不少不确定性，内部结构调整的压力较大。但 ...

7月15日，国家统计局发布今年上半年经济数据。初步核算，上半年国内生产总值（GDP）660536亿 元，按不变价格计算，同比增长5.3%。其中，一季度增长是5.4%，二季度增长5.2%，上半年增速比去 年同期和全年均提升0.3个百分点。 谈高关税影响：中国将坚定不移 办好自己的事情 "高关税肯定是增加了贸易成本，不利于经济和贸易增长。"盛来运表示，今年以来，面对外部环境的变 化和压力，中国政府积极应变、主动作为，把做强国内大循环摆在更加突出的位置，加大力度实施更加 积极的宏观政策来扩大内需、促进消费。 "我们将坚定不移办好自己的事情，以中国经济的稳定性和确定性来应对外部的不确定性。"盛来运强调 说。 据介绍，在做强国内大循环和推动经济稳定增长方面，中国综合施策，一方面，持续加大财政政策支持 力度，加力支持消费品以旧换新工作，加大支持工业企业设备更新改造力度等。扩内需政策积极有效， 内需特别是消费是上半年经济增长的主动力。另一方面，积极推动高水平对外开放，做大"朋友圈"，推 进贸易多元化，减少对单一市场依赖风险。随着这些政策的进一步实施，促消费、稳投资、拓外贸的效 果会更加明显，将继续有利于促进经济稳定发展。 ...

Economic Overview - The Chinese economy has shown resilience in the face of complex international environments, with GDP growth of 5.3% in the first half of the year, slightly up from 5% in the same period last year [4][6] - Key economic indicators such as unemployment rates and consumer prices have remained stable, with the CPI showing a slight increase in June after several months of decline [4][35] - Domestic demand has been a significant driver of GDP growth, contributing 68.8% to the increase, with final consumption expenditure accounting for 52% [5][8] Investment Trends - Fixed asset investment reached 24.9 trillion yuan, with a nominal growth of 2.8%, while the actual growth, adjusted for price changes, was 5.3% [11] - Investment structure is improving, with manufacturing investment growing by 7.5% and high-tech service investment increasing by 8.6% [11][12] - The investment growth rate has experienced fluctuations due to external pressures and internal structural adjustments, particularly in traditional industries [12][14] Real Estate Market - The real estate market has shown signs of stabilization, with a reduction in the decline of new housing sales and improved market transactions [14][15] - The sales area of new residential properties decreased by 3.5%, but this was a significant improvement compared to previous declines [15] - Funding for real estate development has improved, with a reduction in the decline of funds received by developers [15] New Quality Productivity - The development of new quality productivity is emphasized as a key driver for high-quality growth, with R&D investment reaching 2.7% of GDP [17] - High-tech manufacturing value added increased by 9.5%, indicating robust growth in emerging industries [18] - The digital economy is expanding rapidly, with its core industries contributing approximately 10% to GDP [18] Consumer Market Dynamics - The retail sales of consumer goods reached 24.55 trillion yuan, growing by 5% year-on-year, with service consumption showing a notable increase [21][22] - Key trends include a rise in service consumption, holiday spending, and an increase in the sales of upgraded consumer goods [22][23] - The government is expected to continue implementing policies to stimulate consumption, which is crucial for sustaining economic growth [23][26] Inflation and Price Trends - The CPI showed a slight increase of 0.1% in June, marking a shift from previous months of decline, with core CPI rising to 0.7% [35][36] - Price trends are characterized by structural and transitional factors, with food and energy prices exerting downward pressure [36] - A moderate recovery in prices is anticipated in the second half of the year, supported by stable economic growth and effective demand policies [37]

分产业来看，上半年第一产业同比增长3.7%，是去年以来的新高。农业增加值的稳步回升，主要得益 于国家对农业扶持力度的不断增大，特别在重视国家安全的大环境下，农业的发展关乎国家治理和民生 的根本。第二产业同比增长5.3%，比去年同期下降0.5个百分点，主要是受到房地产市场供求关系出现 调整的影响。但除房地产之外，规模以上工业增加值同比增长6.4%，表明整体经济在供给侧和生产端 的意愿都比较旺盛，这也折射出当前经济运行的问题主要还是在需求侧。此外，服务业增长情况良好， 特别是代表生产性服务业的信息传输、软件和信息技术服务业较快增长，体现出生产性服务业对于新质 生产力形成的重要促进作用。未来生产性服务业和新质生产力的相互赋能，仍然是驱动经济增长的重要 动力。 未来生产性服务业和新质生产力的相互赋能，仍然是驱动经济增长的重要动力。 本报评论员 胡光旗 7月15日，国家统计局公布数据显示，上半年实际GDP同比增长5.3%。分季度来看，一季度增长5.4%， 二季度增长5.2%，今年的经济增长情况要好于去年同期水平。特别在二季度，顶住贸易摩擦导致的外 需波动带来的挑战，比去年同期加快了0.5个百分点。上半年经济增长好于预期 ...

Economic Performance Highlights - China's GDP grew by 5.3% year-on-year in the first half of the year, with a quarterly growth of 5.4% in Q1 and 5.2% in Q2, indicating a steady increase compared to the same period last year [2] - The urban survey unemployment rate averaged 5.2%, showing a slight decrease of 0.1 percentage points from Q1, reflecting a stable employment situation [2] - Consumer Price Index (CPI) showed fluctuations, with a year-on-year decrease of 0.1% in several months, but turned positive in June with a 0.1% increase [2] New Growth Drivers - High-tech manufacturing saw significant growth, with production of 3D printing equipment, new energy vehicles, and industrial robots increasing by 43.1%, 36.2%, and 35.6% respectively [3] - Investment in high-tech industries outpaced other sectors, with information services, aerospace, and computer equipment manufacturing investments growing by 37.4%, 26.3%, and 21.5% respectively [3] - The added value of high-tech industries increased by 9.5% year-on-year, with new industries, new business formats, and new models expected to contribute approximately 18% to GDP by 2024 [3] Green Development - The green industry is advancing, with new energy vehicles and lithium batteries experiencing growth rates exceeding 30% and 53.3% respectively [4] - Green consumption is becoming a trend, with significant growth in the consumption of new energy vehicles, energy-saving appliances, and smart home devices [4] Domestic Circulation Improvement - Domestic circulation has been prioritized, with policies aimed at expanding domestic demand and promoting production [5] - The contribution of domestic demand to GDP growth was 68.8%, with final consumption expenditure contributing 52%, marking it as the main driver of growth [5] - Freight turnover increased by 5.1% year-on-year, and passenger turnover grew by 4.9% [5]

今天上午10时，国务院新闻办举行新闻发布会，国家统计局公布了今年上半年经济数据。国家统计局副局长盛来运表示，上半年，我国有效实施更加积极 有为的宏观政策，国民经济顶住压力、迎难而上，经济运行总体平稳、稳中向好。初步核算， 上半年国内生产总值660536亿元，按不变价格计算，同比 增长5.3% 。 盛来运表示， 今年以来，国际环境复杂多变、国际经贸秩序遭受重创，不稳定性、不确定性增加，面对复杂局面在以习近平同志为核心的党中央坚强领 导下，各地区各部门认真贯彻落实党中央、国务院决策部署，坚持统筹国内经济工作和国际经贸斗争，加紧实施更加积极有为的宏观政策，着力稳就业、 稳企业、稳市场、稳预期，国民经济顶压前行、稳定运行，主要指标好于预期，高质量发展扎实推进，经济保持了稳中有进、稳中向好的发展态势。在 此，我想用四句话来概括上半年经济运行的主要特点： . . 来源 |国家统计局、央视新闻 编辑丨丁开艳 一是"稳"的态势持续。 上半年一个很突出的特点就是经济运行"稳"。从观察宏观经济的四大指标来看，增长是稳中略升，上半年GDP同比增长5.3%，其 中一季度是5.4%，二季度是5.2%，上半年的增速比去年同期和全年均提升 ...

Core Viewpoint - The Chinese economy demonstrated resilience in the first half of 2025, with GDP growth of 5.3% year-on-year, driven by stable production and demand, despite facing various domestic and international challenges [1][2][6]. Economic Performance - The GDP for the first half of 2025 reached 660,536 billion yuan, with a quarterly breakdown showing a growth of 5.4% in Q1 and 5.2% in Q2, exceeding market expectations [1][2]. - The second quarter's GDP growth of 5.2% was above the predicted average of 5.07% by economists [1]. Industrial Growth - In June, the industrial output saw a significant increase, with a year-on-year growth of 6.8%, and an overall growth of 6.4% for the first half of the year [3]. - The manufacturing sector grew by 7.0%, with high-tech manufacturing increasing by 9.5%, indicating strong performance in these areas [3]. Consumer Spending - Social retail sales in June grew by 4.8%, a decrease from the previous month, while the total for the first half was 245,458 billion yuan, reflecting a 5.0% increase year-on-year [4]. - The "trade-in" policy for home appliances significantly boosted consumer spending, with online retail sales for major appliance categories rising by 28.0% in Q2 [4]. Investment Trends - Fixed asset investment (excluding rural households) reached 248,654 billion yuan in the first half, growing by 2.8% year-on-year, with infrastructure investment increasing by 4.6% [5]. - The investment landscape showed a divergence, with manufacturing investment slowing down while infrastructure remained resilient [5]. Policy and Outlook - The Chinese government is expected to continue implementing proactive counter-cyclical policies to stabilize the economy, with GDP growth projected at around 5% for Q3 and 4.6% for Q4 [2][6]. - The emphasis on domestic economic stability and high-quality development is crucial to counter external uncertainties [6].

国家统计局副局长盛来运：上半年内需对GDP增长的贡献率为68.8% 金十数据7月15日讯，国家统计局副局长盛来运表示，今年以来，为应对外部挑战，我国把做大做强国 内大循环摆在更加突出的位置，出台了一系列政策支持扩大内需、促进生产、畅通循环。从统计数据 看，人流物流资金流都在改善，上半年内需对GDP增长的贡献率为68.8%，其中最终消费支出贡献率为 52%，是增长的主动力。经济运行在改善，上半年，货运周转量同比增长5.1%，旅客周转量增长4.9%。 央行刚刚发布了数据，6月末M2同比增长8.3%。 （中国网） ...

Economic Performance - In the first half of the year, the domestic GDP reached 66,053.6 billion yuan, with a year-on-year growth of 5.3% at constant prices [1] - The primary industry added value was 31,172 billion yuan, growing by 3.7%; the secondary industry added value was 239,050 billion yuan, growing by 5.3%; and the tertiary industry added value was 390,314 billion yuan, growing by 5.5% [1] - In Q1, the GDP grew by 5.4% year-on-year, while in Q2, it grew by 5.2% [1] - The quarter-on-quarter GDP growth in Q2 was 1.1% [1] Industrial and Service Sector Growth - The industrial added value for large-scale enterprises increased by 6.4% year-on-year in the first half of the year [1] - The service sector's added value also grew by 5.5% year-on-year [1] - The total retail sales of consumer goods reached 245,458 billion yuan, with a year-on-year growth of 5.0% [1] - Fixed asset investment (excluding rural households) was 248,654 billion yuan, growing by 2.8% year-on-year [1] - The total import and export value was 217,876 billion yuan, with a year-on-year increase of 2.9% [1] June Economic Indicators - In June, the industrial added value for large-scale enterprises grew by 6.8% year-on-year [2] - The retail sales of consumer goods in June increased by 4.8% year-on-year [2] Policy and Economic Outlook - The macroeconomic policies have shown effectiveness, leading to a stable and improving economic trend [2] - There are external uncertainties and insufficient domestic demand, indicating that the foundation for economic recovery needs to be strengthened [2] - Future efforts will focus on balancing domestic economic work and international trade challenges, emphasizing the importance of high-quality development to address external uncertainties [2]