Looking at the Economy through Numbers: China's Economy Remains Stable and Upward, with No Change in Import and Export | China | Economy
CCTV News: The State Council Information Office held a press conference on the morning of July 17th, introducing the operation of the national economy in the first half of 2023. In the first half of 2023, the national economy recovered and improved. According to preliminary calculations, the gross domestic product (GDP) in the first half of the year was 59303.4 billion yuan, a year-on-year increase of 5.5%.
Multiple data indicators are improving, and China's economy continues to rebound
![Looking at the Economy through Numbers: China's Economy Remains Stable and Upward, with No Change in Import and Export | China | Economy](https://a5qu.com/upload/images/c8aefc2893149bbac5e07a34abee4f72.jpg)
In the first half of 2023, China's economy showed a rebound and improvement trend. The first quarter achieved a good start, and the second quarter continued its recovery trend, but at the same time, it also faced difficulties such as weak endogenous driving force, insufficient demand, and new obstacles to economic transformation and upgrading. Sort out a series of economic data recently released by multiple departments, and see what experts, scholars, and institutional chief economists can see through the numbers, as well as their judgments on the future trend of the Chinese economy.
Zhang Liqun, a researcher at the Development Research Center of the State Council, just went to Jiangsu for research. His feeling is that companies are under pressure, but more dynamic.
![Looking at the Economy through Numbers: China's Economy Remains Stable and Upward, with No Change in Import and Export | China | Economy](https://a5qu.com/upload/images/8a1983bc43b7326d62e9a95222621d70.jpg)
Zhang Liqun stated that although facing pressure such as demand contraction, supply shock, and weakened expectations, the previously released China Purchasing Managers Index (PMI) shows that China's economy showed a rebound and positive trend in the first half of the year.
The data also shows that in June, China's manufacturing momentum index reached its highest level in the second quarter, indicating that the economic rebound momentum is continuing.
![Looking at the Economy through Numbers: China's Economy Remains Stable and Upward, with No Change in Import and Export | China | Economy](https://a5qu.com/upload/images/379cfd3b876a4c35cf1452ac046f1845.jpg)
In addition, a series of authoritative data recently released have revealed more warmth.
The People's Bank of China announced that in June, credit disbursement significantly rebounded, and financial support for the real economy continued to increase.
![Looking at the Economy through Numbers: China's Economy Remains Stable and Upward, with No Change in Import and Export | China | Economy](https://a5qu.com/upload/images/a620e6b70d31aba62db96f1b2f59ea26.jpg)
The General Administration of Customs announced that China's foreign trade imports and exports increased by 2.1% year-on-year in the first half of the year, reaching a new historical high in scale.
The Ministry of Industry and Information Technology announced that in the first half of the year, the completion volume of China's shipbuilding industry increased by 14.2% year-on-year, and the international market share of new orders exceeded 70%.
![Looking at the Economy through Numbers: China's Economy Remains Stable and Upward, with No Change in Import and Export | China | Economy](https://a5qu.com/upload/images/8f75c398da83690858599bea42a1419d.jpg)
In the first half of the year, the number of newly started major water conservancy projects in China was the highest in the same period in history. The transportation production scale of China's civil aviation industry has basically recovered to the same level as the same period in 2019. In June, the development index of small and medium-sized enterprises in China stopped falling and rebounded. Among the 8 major industries surveyed, the sales volume index of 7 industries and the domestic order index of 6 industries increased.
Zhou Jingtong, Vice President of the China Bank Research Institute, who has just led the team to release the third quarter economic and financial outlook report, believes that in the next step, fiscal and financial policies will further strengthen and increase support for stable growth.
![Looking at the Economy through Numbers: China's Economy Remains Stable and Upward, with No Change in Import and Export | China | Economy](https://a5qu.com/upload/images/3a6c039428ae42831915778e56cbddb9.jpg)
The reporter also reviewed research reports from more than 10 financial institutions, including Agricultural Bank of China, CITIC Securities, and Ping An Securities. All institutions generally believe that in the second half of the year, China's fiscal and monetary policies will be coordinated, and stable foreign trade policies will continue to take effect, promoting further economic recovery. The fluctuation of short-term economic data does not change the overall direction of China's economy towards stability and improvement.