The Quality And Efficiency Of China's Economic Operation Continued To Improve In The First Half Of 2008.

Subprime mortgage crisis, inflation, freezing rain and snow and earthquake disasters...

The quality of economic operation is good, and financial revenue continues to grow at a high level.

In the first half of this year, China's national economy continued to maintain a high growth rate of over 10%, but the growth rate dropped from 11% to 12% in the same period last year, and the risk of overheated economy was partly released.

The head of the Ministry of Finance said that in the first half of 2008, the national fiscal revenue increased by more than 30% over the previous year.

Statistics show that in the first half of the year, the major economic indicators such as the industrial added value, the total retail sales of social consumer goods, the profits of enterprises, and the total import and export volume increased relatively fast, which is the economic foundation for increasing fiscal revenue, thus driving the rapid growth of value-added tax, corporate income tax and import tax revenue.

Taking value-added tax as an example, the industrial value of industrial products increased by 7.6% compared to the same period last year, and the total retail sales of social consumer goods increased by 21.4% over the same period of last year, due to an increase of 16.3% over the same period.

The head of the Ministry of Finance said that the rapid growth of fiscal revenue on the one hand is conducive to controlling the scale of investment in fixed assets and restraining inflation. On the other hand, the financial strength is enhanced. By adjusting the structure of fiscal expenditure, we should increase support for the weak links of economic and social development such as "three rural issues", education, social security, medical and health, ecological construction and environmental protection, which will help improve the quality and efficiency of economic development.

With the rapid growth of fiscal revenue, another bright spot of the national economy in the first half of the year is also reflected in the summer harvest of grain and oil.

According to the Ministry of finance, the state has further increased its support for agriculture since the beginning of this year. In the first half of this year, the central government allocated 33 billion 50 million yuan for the "three rural" investment on the basis of the budget of 562 billion 500 million yuan at the beginning of the year, which greatly mobilized the enthusiasm of farmers to grow grain.

Structural adjustment is experiencing positive changes and economic development is more balanced.

In the first half of this year, China's economy continued to maintain a steady and relatively fast growth trend, but there were also some new difficulties and challenges, especially the slowdown in world economic growth and the contraction of external demand, which had a great impact on some export oriented enterprises in the Pearl River Delta and the Eastern coastal areas.

However, it is noteworthy that in the face of the pressure of development, more and more enterprises are trying to overcome the difficulties of weakening external demand and increasing costs by adjusting the industrial structure and speeding up the pformation of traditional industries.

Judging from the trade figures in the first half of the year, China's trade structure is showing positive changes in the first half of this year. The export growth of traditional commodities such as textiles, clothing and footwear showed signs of slowing down. However, the export growth of mechanical and electrical products was good, and the volume of exports increased by 25.4% over the same period last year, accounting for 58.3% of the total export value of the same period, representing an increase of 1.6 percentage points over the same period last year. This shows that China's foreign trade structure is being optimized gradually.

In the eastern coastal province of Zhejiang, despite the difficulties faced by some small and medium-sized manufacturing industries, Zhejiang's foreign trade rebounded strongly in June, reaching 14 billion 160 million US dollars, up 32% over the same period last year, higher than the national average level. Some new industries and products have become the new bright points of Zhejiang's exports in the first half of the year, and the export of ships, auto parts and semiconductor devices has increased rapidly.

At the same time, the growth rate of the production of "two high one capital" products has dropped, and it also shows the positive effects of the adjustment and upgrading of the industrial structure.

As the backbone of the national economy, the central enterprises also actively adopted environmental protection and energy saving technologies in the first half of the year to promote energy consumption.

The head of the Ministry of Finance said that since the beginning of this year, in order to optimize the structure of foreign trade and promote the upgrading of enterprises, the Ministry of finance has issued a series of policies and measures to continue to support enterprises in enhancing their capability of independent innovation and promoting the upgrading and structural adjustment of electromechanical and hi-tech industries.

Industrial and enterprise economic benefits continue to improve

In terms of economic efficiency, in spite of the pressure of rising cost of raw materials, energy and manpower, China's above scale industrial enterprises still achieved a profit of 10944 billion yuan in the first 5 months of this year, an increase of 20.9% over the same period last year.

The Ministry of finance's corporate finance bulletin showed that in the first half of this year, the operating income of state-owned enterprises increased significantly, and realized operating income of 10 trillion and 300 billion yuan, an increase of 26% over the same period, of which, coal, building materials, petroleum, steel, chemical, business and other industries increased by more than 30%.

In addition, the Ministry of finance's corporate finance Bulletin shows that the profit of state-owned industrial enterprises has increased by 27.6% over the past two years.

Li Rongrong, director of the SASAC, said that in the first half of this year, the central enterprises were calm in dealing with all kinds of complicated situations, and fully promoted the work of production and operation. The overall development quality had been improved, and the business income grew faster, and the income growth was better than expected.

Among the world's top 500 list announced recently by Fortune magazine, China has entered the list of 35 enterprises, of which 19 are central enterprises.

However, faced with the achievements, analysts pointed out that the current and future economic situation is not optimistic, and we must attach great importance to the possible difficulties and uncertainties.

In this regard, Li Rongrong, director of the SASAC, said that after the Olympic Games, the central enterprises will be restructured to guide the central enterprises to stick to the main business and further expand and strengthen the enterprises, and strive to further adjust the number of central enterprises to 80 to 100 by 2010.