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Industry News | China's GDP in the first half of the year increased by 5.0% year on year

Jul 25, 2024Leave a message

Introduction:

The National Bureau of Statistics released data on the 15th. According to preliminary calculations, my country's GDP in the first half of the year was 61,683.6 billion yuan, a year-on-year increase of 5.0% at constant prices. The national economy continued to recover and improve, and the overall operation was stable and steady.

 

In terms of industries, the added value of the primary industry was 3066 billion yuan, a year-on-year increase of 3.5%; the added value of the secondary industry was 23653 billion yuan, an increase of 5.8%; the added value of the tertiary industry was 349646 billion yuan, an increase of 4.6%. In terms of quarters, GDP in the first quarter increased by 5.3% year-on-year, and in the second quarter it increased by 4.7%. From a month-on-month perspective, GDP in the second quarter increased by 0.7%.

Specifically, industrial production grew rapidly, and the supporting role of the equipment manufacturing industry was obvious. In the first half of the year, the added value of industrial enterprises above designated size nationwide increased by 6.0% year-on-year. The added value of equipment manufacturing increased by 7.8%, and the added value of high-tech manufacturing increased by 8.7%, which were 1.8 and 2.7 percentage points faster than all industries above designated size, respectively.

The service industry continued to recover, and the modern service industry developed well. In the first half of the year, the added value of the service industry increased by 4.6% year-on-year. Among them, the added value of information transmission, software and information technology services, leasing and business services, transportation, warehousing and postal services, accommodation and catering, and wholesale and retail industries increased by 11.9%, 9.8%, 6.9%, 6.6% and 5.7%, respectively.

Market sales continued to grow, and service consumption showed a good growth momentum. In the first half of the year, the total retail sales of consumer goods was 23,596.9 billion yuan, a year-on-year increase of 3.7%. Service retail sales increased by 7.5% year-on-year.

The scale of fixed asset investment has expanded, and investment in high-tech industries has grown rapidly. In the first half of the year, the national fixed asset investment (excluding farmers) was 24,539.1 billion yuan, a year-on-year increase of 3.9%. Investment in high-tech industries increased by 10.6% year-on-year, of which investment in high-tech manufacturing and high-tech services increased by 10.1% and 11.7% respectively.

The employment situation is generally stable, and residents' income continues to grow. In the first half of the year, the average national urban survey unemployment rate was 5.1%, down 0.1 percentage point from the first quarter and 0.2 percentage point from the same period last year. The national per capita disposable income of residents was 20,733 yuan, a nominal increase of 5.4% year-on-year, and an actual increase of 5.3% after deducting price factors.

The National Bureau of Statistics said that in the first half of the year, China's national economy operated generally smoothly, with steady progress, stable production growth, continued recovery of demand, overall stability of employment and prices, continued increase in residents' income, accelerated growth of new momentum, and new progress in high-quality development.