Harmony and Evaluation | China's Economic "Half Year Report" Announced: Achievements Hard won, New Growth Momentum with Full Potential China | Growth | Economy
"After the impact of the epidemic, the Chinese economy has gradually entered a stage of recovery growth. With the gradual return of economic operation to normal track, driven by industrial upgrading, digital economy, and green transformation, the future economy will gradually shift from recovery growth to expansion growth." In the latest "China Economic Roundtable" interview released by Xinhua News Agency on Monday, spokesperson for the National Bureau of Statistics, Fu Linghui, gave a positive outlook on the trend of the Chinese economy.
This outlook timely conveyed optimistic sentiment in the public opinion atmosphere of China's economy, as data released by the National Bureau of Statistics on Monday showed that China's gross domestic product grew by 0.8% month on month in the second quarter of this year, reflecting that the economy has encountered certain downward pressure in the past three months.
Although China's economy is still recovering, its GDP in the second quarter grew 6.3% year on year, higher than the 4.5% growth in the first quarter, and also leads the world's major economies, the reason for the low base affected by the COVID-19 epidemic last year must also be taken into account. The economic growth rate in the second quarter of this year was also lower than the previous forecast of 7.3%.
However, given the uncertainty and challenges faced by the Chinese economy, the performance of the Chinese economy in the second quarter is still hard won, reflecting that the government is taking more proactive and flexible regulatory measures on the macroeconomic situation in the face of slowing external demand growth and insufficient domestic demand momentum.
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This signal, as well as the fact that China's new energy vehicle production exceeded 3 million units in the first half of this year, with an increase of over 30%, proves that the confidence of Fu Linghui, spokesperson of the Bureau of Statistics, is indeed based on its basis. In the past two years, the outstanding performance of China's new energy vehicle industry has become a major highlight in the process of China's economic development and upgrading, and also proves the efficiency of the government's policy implementation in key industries in recent years.
The recent executive meeting of the State Council also pointed out the need to increase macroeconomic policy regulation, focus on expanding effective demand, strengthen and optimize the real economy, and prevent and resolve risks in key areas. The meeting emphasized that policy measures that meet the conditions should be timely introduced and implemented, while strengthening the reserve of policy measures to maximize the comprehensive effect of policies.
It is expected that macroeconomic policies will be more targeted in the second half of this year, effectively controlling the risks and uncertainties faced by the Chinese economy, especially in dealing with local debt issues. At the same time, it is also expected to further promote industrial upgrading and China's economic transformation. In addition, investment in infrastructure construction will gradually expand domestic demand and stimulate economic growth. With the further smooth circulation of production and demand, the willingness and confidence of residents to consume are expected to be stabilized and improved, and domestic demand can also be consolidated, providing sustained impetus for economic development.