Reading China | These economic data convey high-quality development signals.
The economic semi-annual report of the first year of the 14th Five-Year Plan was unveiled! According to the data released by the National Bureau of Statistics on the 15th, the gross domestic product (GDP) in the first half of the year was 53,216.7 billion yuan, up 12.7% year-on-year at comparable prices. The average growth rate in the two years was 5.3%, 0.3 percentage points faster than that in the first quarter, and the economic development showed a good trend of steady reinforcement and steady progress.
On July 15th, the State Council held a press conference on the national economy in the first half of 2021. Xinhua News Agency reporter Xie Xiyao photo
Production demand continues to pick up. From the production point of view, summer grain has been harvested again, and animal husbandry production has grown steadily.
Harvester harvests wheat in the wheat field in Pingyi County, Linyi City, Shandong Province (photo taken on June 8). Xinhua News Agency (photo by Wu Jiquan)
In the first half of the year, the added value of industrial enterprises above designated size increased by 15.9% year-on-year, with an average growth rate of 7.0% in two years, 0.2 percentage points faster than that in the first quarter; The added value of service industry contributed 53% to economic growth, 2.1 percentage points higher than that in the first quarter.
Workers assemble vehicles in faw liberation assembly workshop in Changchun, Jilin Province (photo taken on July 7). Xinhua News Agency reporter Zhang Nanshe
Chen Xin, a professor at Shanghai Institute of Advanced Finance, Shanghai Jiaotong University, pointed out that China’s economic growth is of great quality, mainly reflected in GDP growth. He said that the growth of the secondary industry is the highest among the total GDP growth. Among them, this growth of manufacturing industry is the strongest, and then if it is subdivided, we can see that the growth of high-tech manufacturing industry is the highest in the manufacturing industry.
On July 15th, in a garment factory in Qilin Street, Jiangning District, Nanjing City, Jiangsu Province, workers made garments in the tailor’s workshop. Xinhua News Agency (photo by Fang Dongxu)
In terms of demand, in the first half of the year, the total retail sales of social consumer goods was 21,190.4 billion yuan, up 23.0% year-on-year, with an average growth of 4.4% in two years, 0.2 percentage points faster than that in the first quarter; The national investment in fixed assets (excluding farmers) was 25.59 trillion yuan, up 12.6% year-on-year, with an average growth rate of 4.4% in two years. Among them, the investment in high-tech industries and social fields grew at a higher average rate in two years. The total import and export volume of goods was 18,065.1 billion yuan, a year-on-year increase of 27.1%.
On July 13th, transport vehicles transferred containers at the container terminal in Lianyungang Port, Jiangsu Province. Xinhua News Agency (photo by Wang Chun)
Chen Xin, a professor at Shanghai Institute of Advanced Finance, Shanghai Jiaotong University, said that China’s export data grew very strongly and the export structure was constantly optimized. At the same time, our spending power is constantly increasing. The awareness of domestic brands has risen, and the consumption growth rate in China is very high.
Jingtang Port Area, Tangshan Port, Hebei Province, shot on July 15th. Xinhua News Agency (photo by Li Lei)
The previously released financial statistics for the first half of the year show that in the first half of the year, China’s RMB loans increased by 12.76 trillion yuan, of which medium and long-term loans for manufacturing and loans for small and micro enterprises increased significantly, and the growth rate of real estate loans continued to decline. In the first year of the 14 th Five-Year Plan, this "two increases and one decrease" is of great significance.
Zhou Hao, a senior economist in Asia at Commerzbank, said that on the one hand, we can see that the growth rate of investment has remained at a relatively high level. More importantly, the growth rate of real estate investment is declining step by step, which means that our adjustment to the whole industry, including policy orientation, is actually very obvious.
On April 26th, the staff of Zhuji Rural Commercial Bank of Zhejiang Province (first from left, second from right) and the staff of Market Supervision Bureau (second from right) handled the financing loan business of intellectual property pledge on the spot. Xinhua News Agency (photo by Guo Bin)
The economic data of China in the first half of the year also showed that the employment price was generally stable, with 6.98 million new jobs in cities and towns nationwide, achieving 63.5% of the annual target; The national consumer price index (CPI) rose by 0.5% year-on-year. Residents’ income continued to grow, and the ratio of per capita disposable income of urban and rural residents narrowed. In the first half of the year, the per capita disposable income of the national residents was 17,642 yuan, a nominal increase of 12.6% year-on-year, and an average increase of 7.4% in two years.
On June 21st, job seekers and recruiters exchanged ideas at the event site. Xinhua News Agency reporter Liu Ying photo
Liu Aihua, spokesperson of the National Bureau of Statistics, said that, on the whole, the national economy continued to recover steadily in the first half of the year, with stability and consolidation. However, we must also see that the global epidemic continues to evolve and there are many external unstable and uncertain factors; The recovery of domestic economy is uneven, and efforts are still needed to consolidate the foundation of stable recovery and development.
Lhasa citizens choose vegetables at Bayi Agricultural Products Market (photo taken on June 4). Xinhua News Agency reporter Jin Yiqing photo
Experts believe that under the background that the global epidemic has not been effectively controlled and the world economy is in recession, China’s economy achieved such a "report card" in the first half of the year, which highlights the strong resilience and potential of China’s economy and is optimistic that China’s economy will continue to maintain a steady growth trend.
Reporter: Sun Qing, Youzhi
Editor: Wu Weiling, He Li, Liu Zai
Production: Xinhua FM Studio
Xinhua news agency audio and video department
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