Looking at the overall improvement of China's macroeconomic indicators, six aspects of income | year-on-year | economy

Overall improvement in major macroeconomic indicators of China's national economy, let's take a look together!

1、 The overall recovery of economic growth

The trend of economic growth rebounding is quite obvious. Preliminary calculations show that the gross domestic product (GDP) in the first half of the year was 59303.4 billion yuan, with a year-on-year increase of 5.5% at constant prices. This is significantly faster than the economic growth rate of 3.0% for the entire year of the previous year and also significantly faster than the average annual growth rate of 4.5% in the past three years.

China continues to become an important engine and stabilizing force for global economic growth. In the first quarter, China's GDP grew by 4.5% year-on-year, faster than major economies such as the United States at 1.8%, the Eurozone at 1.0%, and Japan at 1.9%. Based on the international and domestic situation in the second quarter, it is expected that China's economic growth rate will still maintain a leading position among major economies in the first half of the year.

2、 Steady increase in production supply

The agricultural production situation is stable. In the first half of the year, the total output value of agriculture, forestry, animal husbandry, and fishery increased by 3.9% year-on-year, with agriculture growing by 3.3%; The production of pigs, cows, sheep, and poultry meat increased by 3.6% year-on-year, while the production of milk and poultry eggs increased by 7.5% and 2.9% respectively.

Industrial production is basically stable. In the first half of the year, the added value of industrial enterprises above designated size increased by 3.8% year-on-year, which was 0.2 percentage points faster than the full year of the previous year; Among the 41 major industrial industries, 26 industries achieved growth, with a growth rate of over 60%; Out of 620 major industrial products, 331 achieved an increase in production, with a growth rate of over 50%.

The service industry is recovering rapidly. In the first half of the year, the added value of the service industry increased by 6.4% year-on-year, which was 4.1 percentage points faster than the full year of the previous year; The added value of wholesale and retail, accommodation and catering, transportation and warehousing, and postal services increased by 6.6%, 15.5%, and 6.9% year-on-year, respectively.

3、 Domestic demand is gradually recovering

The consumption growth trend is good. In the first half of the year, the total retail sales of consumer goods increased by 8.2% year-on-year. The consumption of catering, entertainment and other services has rebounded and improved, and the proportion of service-oriented consumption expenditure by residents has steadily increased. In the first half of the year, catering revenue increased by 21.4% year-on-year; The box office revenue of domestic films increased by 52.9%, and the box office revenue of commercial performances increased by 6.7 times; The per capita service consumption expenditure of Chinese residents increased by 12.7%, accounting for 44.5% of the total consumption expenditure, a year-on-year increase of 1.7 percentage points.

The investment scale continues to expand. In the first half of the year, fixed assets investment increased by 3.8% year on year, of which manufacturing investment and infrastructure investment increased by 6.0% and 7.2% respectively, significantly faster than the total investment. The investment support for major projects is significant. In the first half of the year, the planned total investment for major projects with a total investment of 100 million yuan or more increased by 10.9% year-on-year, driving a 5.5 percentage point increase in total investment.

4、 Overall stability of employment prices

The employment situation has improved. In the first half of the year, the average national urban survey unemployment rate was 5.3%, a decrease of 0.2 percentage points from the first quarter; Urban employment increased by 6.78 million, an increase of 240000 compared to the same period last year, achieving 56.5% of the annual target.

The overall stability of core consumer prices. In the first half of the year, consumer prices for residents increased by 0.7% year-on-year, a decrease of 0.6 percentage points from the first quarter; Excluding food and energy, the core CPI rose by 0.7%, maintaining basic stability.

5、 Maintaining balance of international payments

The scale of import and export of goods has increased. In the first half of the year, the scale of China's import and export of goods exceeded 20 trillion yuan, reaching 20.1 trillion yuan, a new historical high for the same period, with a year-on-year growth of 2.1%.

The proportion of general trade has increased. In the first half of the year, the proportion of general trade imports and exports to the total import and export volume was 65.5%, an increase of 1.2 percentage points year-on-year.

Private enterprises have grown into the main force of foreign trade. In the first half of the year, the import and export volume of private enterprises accounted for 52.7% of the total import and export volume, an increase of 3.3 percentage points year-on-year.

Improve the quality of utilizing foreign investment. In the first half of the year, China established 24000 new foreign-invested enterprises, a year-on-year increase of 35.7%; The actual use of foreign investment in high-tech manufacturing increased by 28.8%.

Foreign exchange reserves are basically stable. At the end of June, the balance of foreign exchange reserves was 3193 billion US dollars, an increase of 65.3 billion US dollars from the end of last year, and has remained stable at over 3.1 trillion US dollars since the beginning of this year.

6、 Continuously strengthening food and energy security

Stable development of grain production. The summer harvest of grain has achieved another bumper harvest, with a national summer grain production of 292.3 billion catties, ranking second in history. Early rice and autumn crops are growing normally, and the foundation of grain production throughout the year is good.

The energy supply continues to increase. In the first half of the year, the total production of primary energy increased by 2.7% year-on-year. Among them, the production of industrial raw coal, crude oil, and natural gas above designated size reached 2.3 billion tons, 105 million tons, and 115.5 billion cubic meters, respectively, with an increase of 4.4%, 2.1%, and 5.4%; The power generation reached 4.2 trillion kilowatt hours, an increase of 3.8%.

Please refer to the article by the Party Group of the National Bureau of Statistics of the Communist Party of China titled "New Achievements in the Recovery of the National Economy towards Good and High Quality Development"