Early Reading | 2023 China Economic Half Year Report Announcement Quarterly | Year Over Year | Economy

Release time:Apr 14, 2024 06:58 AM

Good morning! Watch the news "early reading" is coming! Tuesday, July 18, 2023, the first day of the sixth lunar month, cloudy to overcast with scattered showers or thunderstorms in Shanghai, 27~35 ℃

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GDP growth of 5.5% year-on-year in the first half of 2023

On July 17, ※, the 2023 China Economic Semi-Annual Report was published. The National Bureau of Statistics released data on the 17th. According to preliminary calculations, the GDP in the first half of the year was 59303.4 billion billion yuan, a year-on-year increase of 5.5 percent at constant prices, 1 percentage point faster than the first quarter.

According to Fu Linghui, spokesperson for the National Bureau of Statistics, at the press conference of the State Council Information Office on the same day, the GDP in the first quarter increased by 4.5% year-on-year and 6.3% in the second quarter. From a month on month perspective, GDP grew by 0.8% in the second quarter.

The agricultural production situation is stable, and industrial production is steadily recovering. In the first half of the year, the added value of agriculture increased by 3.3% year-on-year; The added value of industries above designated size nationwide increased by 3.8% year-on-year, an increase of 0.8 percentage points compared to the first quarter. The service industry has grown rapidly. In the first half of the year, the added value of the service industry increased by 6.4% year-on-year, which is 1 percentage point faster than the first quarter.

The market sales grew well, and fixed assets investment continued to grow. In the first half of the year, the total retail sales of consumer goods increased by 8.2% year-on-year, which was 2.4 percentage points faster than the first quarter; National fixed assets investment increased by 3.8% year on year.

The import and export of goods have maintained growth, and the trade structure continues to be optimized. In the first half of the year, the total import and export volume of goods increased by 2.1% year-on-year. The import and export of general trade increased by 4%, accounting for 65.5% of the total import and export volume, an increase of 1.2 percentage points from the same period last year.


Early Reading | 2023 China Economic Half Year Report Announcement Quarterly | Year Over Year | Economy

Consumer prices for residents have increased year-on-year, and the overall employment situation is stable. In the first half of the year, the national consumer price index increased by 0.7% year-on-year; The average national urban survey unemployment rate is 5.3%, a decrease of 0.2 percentage points from the first quarter.

The income of residents has steadily increased. In the first half of the year, the per capita disposable income of residents in China was 19672 yuan, a nominal increase of 6.5% year-on-year, which was 1.4 percentage points faster than the first quarter; Excluding price factors, the actual growth rate increased by 5.8%, accelerating by 2 percentage points.

"Overall, in the first half of the year, with the comprehensive restoration of normal economic and social operations, macroeconomic policies have shown significant effectiveness and strength, and the national economy has rebounded and steadily advanced towards high-quality development. However, it should also be noted that the world political and economic situation is complex, and the foundation for sustained recovery and development of the domestic economy is still unstable." Fu Linghui said that in the next stage, we should adhere to the overall tone of seeking progress while maintaining stability, focus on unblocking the economic cycle, and make greater efforts to transform the mode, adjust the structure, and increase the driving force, striving to achieve effective improvement in quality and reasonable growth in quantity of the economy.

§Shencheng

The Shanghai delegation led by Chen Jining, secretary of the Shanghai Municipal CPC Committee, held a forum on counterpart support work in Shanghai and Tibet with Wang Junzheng, secretary of the party committee of the Tibet Autonomous region, and other leaders of the Tibet Autonomous region in Xigaze City, Tibet Autonomous region yesterday to discuss major plans for counterpart support and seek new articles of cooperation between the two places. Before the meeting, Chen Jining, Wang Junzheng and other leaders from Shanghai and Tibet visited and expressed their condolences to the representatives of Shanghai cadres and talents assisting Tibet.

●The reporter learned from Shanghai Waigaoqiao Shipbuilding Co., Ltd., a subsidiary of China Shipbuilding Group Co., Ltd., that my country's first large-scale domestic cruise ship "Ada Modu" left the dock on the morning of the 17th and began its first trial voyage.

● Shanghai Shentie is responsible for the investment and construction, and the airport contact line 8 standard constructed by the China Communications Tunnel Bureau welcomes new progress in construction. Following the smooth reception of the "Pearl" shield machine in April this year, the 14-meter-diameter super-large shield machine "Dongfang" successfully completed the reception at the resort station yesterday. So far, the two super-large shield machines of the 8th bid have all been received, marking the smooth passage of this tunnel section.

§domestic


Early Reading | 2023 China Economic Half Year Report Announcement Quarterly | Year Over Year | Economy

●According to the monitoring of the Central Meteorological Observatory, the center of this year's No. 4 typhoon "Taili" made landfall on the coast of Nansandao, Zhanjiang City, Guangdong Province around 22:20. The maximum wind force near the center was 13 when it landed.

●The reporter learned from the Flood Control and Drought Relief Headquarters of Guangxi Zhuang Autonomous Region on the 18th that in view of the fact that Typhoon "Taili" may land on the coast of Guangxi and the impact of wind and rain is serious, the Autonomous Region Flood Control and Drought Relief Headquarters upgraded the autonomous region's flood control and typhoon level 3 emergency response at 0:00 on July 18. Level two.

●The reporter learned from the Ministry of Justice on the 17th that the Ministry of Justice filed and reviewed 2313 laws and regulations reported in 2022, including 1509 local regulations, 601 local government regulations, and 203 departmental regulations. After review, it was initially confirmed that 121 laws and regulations were inconsistent with the upper law, and they have been dealt with in accordance with legal authority and procedures, effectively maintaining the unity of the national legal system.

The reporter learned from the Chinese Academy of Sciences on the 17th that the scientific research team of the Institute of Vertebrate Paleontology and Paleoanthropology of the Chinese Academy of Sciences recently used a series of new technical means such as CT scanning and 3D reconstruction to identify a human parietal bone from the mammal fossil at the 15th site in Zhoukoudian.

●The Liaoning Provincial Commission for Discipline Inspection and Supervision issued a notice on the evening of the 17th that the four persons responsible for the concealment of the Fuxin coal mine accident in Liaoning were subject to disciplinary review and supervision and investigation.

§International

● Russian Presidential Press Secretary Peskov told the media on the 17th that the validity of the agreement on the export of agricultural products at the Black Sea port was suspended.

●The World Health Organization reported on the 17th that some cats in Poland were infected with the avian influenza virus and died. This is the first report that a large number of cats in a country have been infected with avian influenza.


Early Reading | 2023 China Economic Half Year Report Announcement Quarterly | Year Over Year | Economy

The United Nations handed over a tanker to the Houthi armed forces in Yemen on the 17th to transfer about 1.1 million barrels of crude oil from the Safir oil storage ship, which is facing serious aging problems.

The fund-raising situation in the second quarter of this year reported to the Federal Election Commission by candidates for the 2024 presidential election in the United States shows that the performance of the vast majority of Republican candidates is not good.

●The South Korea Central Disaster Safety Countermeasures Headquarters reported on the 17th that as of 18:00 local time on the 17th, continuous heavy rainfall for many days has caused 40 deaths, 34 injuries, and 9 missing across the country.

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Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【