Core Viewpoint - China's economic performance in the first half of the year exceeded expectations, with key indicators showing resilience and growth despite external pressures [1][2][3]. Economic Growth - GDP growth for the first half of the year reached 5.3%, surpassing the forecast of 5.2% [1]. - Exports exceeded 13 trillion yuan for the first time in history during the same period, with June's export growth rate rising to 7.2%, an increase of 0.9 percentage points [1]. - Industrial added value for June grew by 6.8% year-on-year, exceeding the market expectation of 5.5% [1]. Consumption and Investment - Retail sales of consumer goods increased by 5.0% year-on-year, contributing 52% to economic growth [1]. - The recovery in consumption was driven by policies such as the replacement of old consumer goods and significant investment in manufacturing [2]. Employment and Income - The employment situation remained stable, with a slight decrease in the urban unemployment rate [1]. - The per capita disposable income reached 21,840 yuan, with a real growth of 5.4% after adjusting for price factors, outpacing GDP growth [1]. Policy Support - Central and local fiscal policies have been effectively coordinated, with the issuance of special bonds and proactive macroeconomic policies playing a crucial role in stabilizing growth [2][5]. - The government is expected to continue implementing supportive policies in the second half of the year to maintain economic stability [5][6]. Innovation and Technology - The growth of high-tech industries was notable, with added value increasing by 9.5% year-on-year, reflecting the integration of innovation and industry [4]. Market Resilience - China's economy demonstrated resilience against external challenges, with a focus on emerging markets and an increase in the added value of "Made in China" products [3][7].

新华财经北京7月15日电（记者潘洁、王雨萧、张晓洁）行至年中，中国经济走势备受关注。 7月15日，国家统计局发布数据显示，上半年，中国国内生产总值（GDP）660536亿元，按不变价格计 算，同比增长5.3%。 今年以来，国际环境变乱交织，美国推出一系列单边关税措施，严重扰乱全球经贸活动，损害世界经济 增长前景。同时，国内新旧动能加快转换，调整阵痛持续释放，部分行业企业经营面临困难。 今年以来，面对更趋复杂严峻的外部环境，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，"稳"的态势持续，"进"的步伐坚定，"新"的动能累积，"畅"的循环改善，中国经济大船 沿着高质量发展航道破浪前行。 迎难而上经济运行延续稳中向好发展态势 细看上半年中国经济答卷，底盘之"稳"的特点十分鲜明。 从经济增长看，上半年我国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。分季度 看，一季度GDP同比增长5.4%，二季度GDP同比增长5.2%。 "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。"国家统计局副局长盛来运在当天举行的国新办新闻发布 ...

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，国务院新闻办公室举行新闻发布会，国家统计局副局长盛来运介绍2025年上半年国民经济运 行情况，并答记者问。 上半年国民经济顶压前行、稳定运行，主要指标好于预期，"稳"的态势持续，"进"的步伐坚定，"新"的 动能累积，"畅"的循环改善，高质量发展扎实推进。 ■2025年上半年中国经济同比增长5.3% 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%。分产业看，第一产业 增加值31172亿元，同比增长3.7%；第二产业增加值239050亿元，增长5.3%；第三产业增加值390314亿 元，增长5.5%。分季度看，一季度国内生产总值同比增长5.4%，二季度增长5.2%。从环比看，二季度 国内生产总值增长1.1%。 ■2025年上半年农业（种植业）增加值同比增长3.7% 夏粮稳产丰收，畜牧业平稳增长。上半年，农业（种植业）增加值同比增长3.7%；猪牛羊禽肉产量 4843万吨，同比增长2.8%。 ■2025年上半年服务业增加值同比增长5.5% 服务业增长加快，现代服务业发展良好。上半年，服务业增加值同比增长5.5%，比一季度加快0.2个百 分点。其中，信息传输、软件和信息技术服 ...

国家统计局副局长盛来运：中国经济下半年会继续保持稳中有进、稳中向好的发展态势 金十数据7月15日讯，国家统计局副局长盛来运表示，下半年，中国经济保持稳定增长是有支撑的，一 是上半年经济稳中有进的发展态势和成效，为完成全年目标打下了良好基础；二是多年高质量发展的大 势和实践凝聚了共识，积累了新动能，推动了经济再平衡，提升了经济可持续发展的能力；三是宏观政 策协同发力，将为经济稳定运行保驾护航。综合判断，中国经济下半年会继续保持稳中有进、稳中向好 的发展态势。 （新华财经） ...

7月15日，国家统计局副局长盛来运在国新办新闻发布会上表示，下半年尽管外部环境还有不少不确定 性，内部结构调整也有压力，但综合判断，下半年中国经济保持稳定增长有支撑，会继续保持稳中有 进、稳中向好的态势。(人民财讯) ...

国家统计局副局长盛来运：今年以来，主要指标好于预期，我国经济保持了稳中有进、稳中向好态势。 （新华财经） ...

国家统计局：我国经济保持了稳中有进、稳中向好态势 智通财经7月15日电，国家统计局副局长盛来运7月15日在国新办发布会上说，今年以来，主要指标好于 预期，我国经济保持了稳中有进、稳中向好态势。 (新华财经) ...

原标题：乘势而上，巩固回升向好态势（人民时评） 近日，国家统计局公布中国经济半年报。在复杂严峻的外部环境下，一季度实现良好开局，二季度延续 恢复态势，上半年国内生产总值（GDP）同比增长5.5%。我国经济运行持续回升向好，展现出巨大的 发展韧性，充分表明我们国家具有开顶风船、走上坡路的能力。 读懂中国经济，既要关注增速，也要分析结构、质量。从增速看，上半年的经济增速，快于去年全年的 3%，也快于一季度的4.5%，回升态势明显。从结构看，上半年，服务业增加值占GDP的比重达到 56%，最终消费支出对经济增长的贡献率达77.2%，高技术产业投资增速明显快于全部投资增速，产 业、消费、投资结构在持续优化。从质量看，高技术行业增势良好，新产业成长壮大，新业态持续活 跃，绿色转型和经济增长的协同发展成效不断显现。综合看，环比增速连续4个季度增长，市场活力不 断释放，这都表明中国经济"稳"的基础不断加固，"进"的动能加速集聚，高质量发展持续推进。 读懂中国经济，也要放在全球视野里观察。今年一季度，美国、欧元区、日本GDP同比增速都在2%以 下，即便考虑到二季度情况，上半年中国经济增速仍然是主要经济体中较快的。在世界经济增 ...

Core Viewpoint - The article discusses the current state and outlook of the Chinese economy, highlighting the impact of external factors such as the US-China trade war and domestic policy measures that have contributed to economic stability and growth. Group 1: Economic Performance - The GDP growth rate for the first half of the year is expected to be around 5.3%, with a need for only 4.7% growth in the second half to meet the annual target [1] - The first quarter saw a GDP growth of 5.4%, while the second quarter is projected to be around 5.2% [2] - The overall economic performance is stable, with industrial value-added growth at 6.5% in the first quarter and service sector growth at 5.8% [5] Group 2: Export Dynamics - The export growth rate fluctuated due to the US-China tariff war, peaking at 12.3% in March before declining to 4.8% in May [2] - The share of exports to the US has decreased to the lowest level on record, impacting overall export performance [2] - The article anticipates a 2.0% growth in exports for the year, with various scenarios predicting outcomes ranging from 0% to 3.5% [10][11] Group 3: Domestic Demand and Policy Response - Domestic demand is gradually stabilizing due to proactive macroeconomic policies, including increased fiscal spending and monetary easing [3] - Social financing stock grew by 8.7% year-on-year in the first five months, with government bonds seeing a significant increase of 20.9% [3] - Retail sales growth reached 6.4% in May, driven by consumption policies such as the "old-for-new" program [3] Group 4: Investment Trends - Fixed asset investment grew by 3.7% in the first five months, with infrastructure investment increasing by 5.6% [13] - Manufacturing investment is expected to grow by 7.8% for the year, while real estate investment is projected to decline by 10.0% [23][16] - Infrastructure investment is anticipated to rebound in the second half, supported by ample funding and ongoing major projects [18][19] Group 5: Consumer Behavior - Consumer spending is expected to grow by 4.5% for the year, with retail sales showing a recovery trend [27] - The "old-for-new" subsidy program has significantly boosted consumption in various sectors [28] - However, consumer confidence remains low, and spending may decline in the second half due to reduced subsidy support and economic uncertainties [29] Group 6: Price Trends - CPI is projected to remain around 0% for the year, with a slight recovery expected in the second half [31][32] - PPI is anticipated to decline by 2.3% for the year, reflecting ongoing pressures from oversupply and weak demand [34][35] Group 7: Policy Outlook - The article suggests that macroeconomic policies will focus on stabilizing growth without significant new stimulus, emphasizing the implementation of existing policies [37][38] - Fiscal policies will prioritize the effective use of existing funds to support consumption and investment [40][41] - Monetary policy is expected to remain flexible, with a focus on structural support rather than aggressive easing [42][43]