Good quality, strong resilience, and thriving vitality. The Chinese economy is "resilient and has a promising future" nationwide | market | economy
CCTV news: Recently, China's economic semi annual report has been released in succession. Today's CCTV News also reported that the scale of China's online retail market showed a steady growth trend in the first half of the year. The "red" arrow makes people feel that China's economy is strong and dynamic. Let's take a closer look below.
In the first half of this year, the national online retail sales reached 7.16 trillion yuan, a year-on-year increase of 13.1%. Sales of certain product categories have grown rapidly. In the first half of the year, 8 out of 18 monitored commodities saw growth rates exceeding double digits. Among them, gold, silver, jewelry, and communication equipment increased by 33.5% and 23.3% year-on-year, respectively.
The growth trend of online service consumption is good. In the first half of the year, online catering sales increased by 27.9% year-on-year. The sales of online tourism products, scenic spot tickets, and online entertainment increased by 272.4% and 69.8% year-on-year, respectively, which were 156.6 and 50.6 percentage points faster than the first quarter.
Online retail in various regions continues to improve. In the first half of the year, the online retail sales in the central, eastern, western, and northeastern regions increased by 16.1%, 13%, 11.5%, and 9.1% year-on-year, respectively, accelerating by 4.8, 4.4, 4.6, and 5.4 percentage points compared to the first quarter.
Rural online retail continues to grow. In the first half of the year, the national rural online retail sales reached 1.12 trillion yuan, a year-on-year increase of 12.5%, an increase of 3.7 percentage points compared to the first quarter. Among them, the online retail sales of rural physical goods reached 1.02 trillion yuan, a year-on-year increase of 11.3%. The national online retail sales of agricultural products reached 0.27 trillion yuan, a year-on-year increase of 13.1%.
The new formats and models of e-commerce showcase vitality. In the first half of the year, the cumulative live streaming sales of key monitoring e-commerce platforms reached 1.27 trillion yuan, with a total of over 110 million live streaming sessions, over 70 million live streaming products, and over 2.7 million active anchors.
In addition, the foreign trade and service outsourcing industries have also shown positive changes, with a clear upward trend.
In the first half of this year, China's foreign trade achieved overall stability in terms of trade scale and maintained growth in trade volume. In the first half of this year, China's import and export of goods exceeded 20 trillion yuan, a year-on-year increase of 2.1%. Compared with the same period before the epidemic, which was the first half of 2019, it increased by 36.7%. China continues to maintain its position as the largest country in goods trade, with a steady increase in market share. According to the latest data from the World Trade Organization, China's export market share in the international market remained stable with an upward trend in the second quarter.
In the first half of this year, the share of emerging markets in import and export increased by 1.8 percentage points compared to the same period last year, reaching 63.5%. China's imports and exports to FTA partners increased by 2.4%, and to countries along the "the Belt and Road" by 9.8%, both higher than the overall export growth.
Innovative development of foreign trade formats. In the first half of the year, 30 excellent practice cases of new foreign trade formats were replicated and promoted nationwide, and cross-border e-commerce exports increased by 19.9%. The number of foreign trade enterprises with import and export performance increased by 35000 year-on-year. In terms of expanding openness, we will promote the full entry into force of RCEP for the 15 signatory countries, and facilitate smoother internal and external circulation.
In the first half of the year, China's service outsourcing industry steadily grew. Data shows that in the first half of 2023, Chinese enterprises undertook service outsourcing contracts worth 1091.7 billion yuan, with a total execution amount of 740 billion yuan, an increase of 10.6% and 14.7% year-on-year, respectively. From the perspective of business structure, in the first half of the year, the execution amounts of offshore information technology outsourcing, business process outsourcing, and knowledge process outsourcing undertaken by Chinese enterprises were 176.7 billion yuan, 72.7 billion yuan, and 169.5 billion yuan, respectively, with year-on-year growth of 13.8%, 13.3%, and 20.0%. Among them, the offshore service outsourcing business such as information technology solution services, management consulting services, Internet marketing promotion services grew rapidly.
From the perspective of regional layout, in the first half of the year, 37 service outsourcing demonstration cities in China undertook a total of 581 billion yuan in offshore service outsourcing contracts, with a total execution amount of 380.7 billion yuan, an increase of 18.3% and 15.5% year-on-year, accounting for 92.2% and 90.9% of the total national total, respectively.
From the international market perspective, in the first half of the year, the offshore service outsourcing executed by member countries of the Regional Comprehensive Economic Partnership Agreement reached 107.2 billion yuan, a year-on-year increase of 22.2%, accounting for a total of 25.6% of China's offshore service outsourcing execution.
From the perspective of employment absorption, as of the end of June 2023, China's service outsourcing industry has absorbed a total of 15.35 million employees, of which 9.95 million have university degrees or above, accounting for 64.7%. In the first half of the year, the service outsourcing industry added 330000 new employees, of which 240000 had college degrees or above, accounting for 73.2%.
At present, the world political and economic situation is complex, and the foundation for sustained recovery and development of the domestic economy is still unstable. To promote high-quality development, many difficulties and challenges still need to be overcome. One by one, the indicators highlight that the high-quality development of the Chinese economy is more mature and resilient, making us more convinced that the future of the Chinese economy is "resilient and promising.".
