Epoxy curing agent News In the first half of the year China s economy made steady progress with a good momentum of high-quality development

In the first half of the year China s economy made steady progress with a good momentum of high-quality development

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In the first half of the year  China s economy made steady progress with a good momentum of high-quality development


Since the beginning of this year, in the face of the severe and complex international environment and the arduous and arduous domestic reform, development and stability tasks, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at the core, all regions and departments have adhered to the general tone of the work of seeking progress while maintaining stability, focusing on Promote high-quality economic development. According to data released by the National Bureau of Statistics on July 17, in the first half of the year, market demand gradually recovered, production and supply continued to increase, employment prices were generally stable, residents' income grew steadily, and the overall economic operation rebounded and improved.

According to preliminary calculations, the GDP in the first half of the year was 59,303.4 billion yuan, a year-on-year increase of 5.5%, an increase of 1.0 percentage points from the first quarter. In terms of quarters, the GDP grew by 4.5% year-on-year in the first quarter and 6.3% in the second quarter, continuing the recovery trend. From a global perspective, among the major economies, China's economic growth is still the fastest.

Improved structure and optimized kinetic energy. From the demand side, in the first half of the year, China's economic growth has shifted from being mainly driven by investment and exports last year to driven by consumption and investment, and the contribution of consumption to economic growth has increased significantly. In the first half of this year, the contribution rate of final consumption expenditure to economic growth exceeded 70%. From the perspective of production, summer grain production has achieved another bumper harvest, with output ranking the second highest in history. Economic growth has shifted from being driven mainly by industry last year to being jointly driven by the service industry and industry, with the growth of the service industry contributing more than 60% to economic growth.

Innovation driven, green development. In the first half of the year, investment in high-tech industries increased by 12.5% ​​year-on-year, the added value of aerospace vehicle and equipment manufacturing, and lithium-ion battery manufacturing both increased by more than 20% year-on-year, and the output of new energy products such as new energy vehicles and charging piles increased by more than 30%. The efficiency of energy utilization continued to improve, and the energy consumption per unit of GDP decreased by 0.4% year-on-year. The green transformation has achieved remarkable results, and the synergy with economic growth has been significantly enhanced.

High-level opening up and expansion, and trade structure optimization. In the first half of the year, my country's total import and export of goods increased by 2.1% year-on-year, and the proportion of general trade imports and exports with high added value in the total imports and exports rose to 65.5%. In the first half of the year, my country's imports and exports to countries along the "Belt and Road" increased by 9.8%, and the development of trade diversification is improving.

Employment is expanding steadily and people's livelihood continues to improve. Since the beginning of this year, my country's urban surveyed unemployment rate has generally declined, falling to 5.2% in June, which is close to the same period before the epidemic. In the first half of the year, the per capita disposable income of the national residents actually increased by 5.8%, higher than the GDP growth rate in the same period, and also significantly faster than the previous year.

Looking at the whole year, despite the pressure and challenges, the economy will recover steadily and the quality of development will continue to improve as employment improves, residents' income increases, domestic demand gradually strengthens, supply structure is optimized and adjusted, and new growth drivers grow stronger. China has the confidence, conditions and ability to complete the expected goals and tasks of economic and social development for the whole year.

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