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    China'S Economic "Semi Annual Report" Released: GDP Rose 6.8%, Clothing Consumption Rose 6.3%

    2018/7/18 12:58:00 65

    EconomyGDPGross Domestic Product

    The National Bureau of Statistics announced the "semi annual report" of China's economy today, with a preliminary accounting. In the first half of this year, the GDP of 418961 billion yuan was calculated at comparable prices, an increase of 6.8% over the same period last year.

    In the first half of the year, the national economy remained stable and stable.

    Mao Shengyong, spokesman for the National Bureau of statistics, said that GDP grew by 6.8% in the first half of the year, an increase of 6.8% in the first quarter, an increase of 6.7% in the two quarter and a 12 consecutive quarter in the 6.7%-6.9% range.

    The added value of the primary industry was 22087 billion yuan, an increase of 3.2% over the same period last year; the added value of the second industry was 169299 billion yuan, an increase of 6.1%; the third industry added value of 227576 billion yuan, an increase of 7.6%.

    Industrial growth is generally stable, and the structure continues to optimize.

    In the first half of this year, the added value of industrial above designated size increased by 6.7% in real terms compared with the previous year, and the growth rate dropped by 0.1 percentage points over the first quarter.

    The added value of high-tech industry and equipment manufacturing industry increased by 11.6% and 9.2% respectively, up 4.9 and 2.5 percentage points respectively above the above scale industries.

    In June, the added value of above scale industries increased by 6% over the same period last year.

    In 1-5, the total profit of Industrial Enterprises above Designated Size reached 27298 billion yuan, up 16.5% over the same period last year. The profit rate of main business income of Industrial Enterprises above designated size was 6.36%, an increase of 0.35 percentage points over the same period last year.

    Rapid growth of service industry and vigorous development of new service industry

    In the first half of this year, the national service production index increased by 8% over the same period last year, the growth rate dropped 0.1 percentage points over the first quarter, and maintained a relatively fast growth rate.

    Among them, information pmission, software and information technology services, leasing and business services maintained a relatively rapid growth.

    In June, the national service production index increased by 8% over the same period last year.

    In the 1-5 month, the business income of service enterprises above designated size increased by 13.3% over the same period last year, 0.2 percentage points faster than that of the same period last year. The business income of strategic emerging services, science and technology services and high-tech service industries increased by 18.1%, 17.5% and 15.4%, respectively, up 2.4, 5 and 4.5 percentage points respectively over the same period last year.

    Residents' consumption and market sales increased steadily, and consumption upgrading products increased rapidly.

    In the first half of the year, the per capita consumption expenditure of the whole country was 9609 yuan, an increase of 8.8% over the nominal period, an increase of 1.2 percentage points over the first quarter, a 6.7% increase in real terms and a 1.3 percentage point increase in price.

    Among them, the per capita consumption expenditure of urban residents increased by 6.8%, accelerated by 1.1 percentage points, and the per capita consumption expenditure of rural residents increased by 12.2% and 1.2 percentage points respectively.

    In the first half of this year, total retail sales of consumer goods totaled 180018 billion yuan, an increase of 9.4% over the same period last year, and the growth rate dropped 0.4 percentage points over the first quarter.

    According to the location of the operating units, the retail sales of urban consumer goods amounted to 154091 billion yuan, an increase of 9.2%, and the retail sales of rural consumer goods amounted to 25927 billion yuan, an increase of 10.5%.

    According to the consumption type, the income of restaurants was 19457 billion yuan, an increase of 9.9%, and retail sales of commodities amounted to 160561 billion yuan, an increase of 9.3%.

    Sales of consumer goods increased rapidly, and household appliances and audio-visual equipment, communication equipment and cosmetics increased by 10.6%, 10.6% and 14.2% respectively, up 0.2, 0.5 and 2.9 percentage points respectively over the same period last year.

    In June, the total retail sales of consumer goods increased by 9% over the same period last year, 0.5 percentage points faster than last month.

    Investment in fixed assets increased steadily, and private investment and manufacturing investment rebounded.

    In the first half of the year, fixed asset investment (excluding farmers) was 297316 billion yuan, an increase of 6% over the same period last year, and the growth rate dropped 1.5 percentage points over the first quarter.

    In the sub industry, the investment in the first industry increased by 13.5%; the investment in the second industry increased by 3.8%, of which the investment in manufacturing increased by 6.8%, the growth rate rose for three months in a continuous period, 3 percentage points faster than the first quarter, 1.3 percentage points faster than the same period in the previous year; the investment in the third industry increased by 6.8%, and the investment in infrastructure increased 7.3%.

    The investment in high-tech manufacturing increased by 13.1% over the same period last year, and the rate of increase was 7.1 percentage points faster than that of all investments.

    The surplus of imports and exports narrowed, and the trade structure continued to improve.

    In the first half of this year, total imports and exports totaled 141227 billion yuan, an increase of 7.9% over the same period last year.

    Among them, exports of 75120 billion yuan, an increase of 4.9%; imports of 66107 billion yuan, an increase of 11.5%.

    The balance of imports and exports was 901 billion 300 million yuan, narrowing 26.7% compared with the same period last year.

    The trade structure was further optimized, and general trade imports and exports grew by 12.2%, accounting for 59% of the total import and export volume, representing a 2.3 percentage point increase over the same period last year.

    Steady growth of residents' income and steady employment situation

    In the first half of the year, the per capita disposable income of the whole country was 14063 yuan, an increase of 8.7% over the nominal period, and a 6.6% increase in real terms after deducting the price factor.

    According to permanent residence, the per capita disposable income of urban residents was 19770 yuan, an increase of 7.9% in nominal terms, an increase of 5.8% in real terms after deducting price factors, and a per capita disposable income of 7142 yuan for rural residents, an increase of 8.8% over the nominal period, and a 6.8% increase in real terms after deducting price factors.

    Consumer prices rose moderately, and industrial prices rose steadily.

    In the first half of this year, the national consumer prices rose by 2% over the same period, or 0.1 percentage points lower than the first quarter.

    According to the classification, the prices of food, tobacco and alcohol rose by 1.4% compared with the same period last year, the clothing increased by 1.1%, living increased by 2.3%, daily necessities and services increased by 1.6%, traffic and communications increased by 1.2%, educational culture and entertainment increased by 2.1%, medical care increased by 5.5%, and other goods and services increased by 1.1%.

    In June, the national consumer price rose 1.9%, an increase of 0.1 percentage points from last month, a decrease of 0.1% compared with the previous month.

    The effect of pformation and upgrading is obvious, and the new kinetic energy can accelerate growth.

    The economic structure continues to improve.

    From the perspective of industrial structure, the added value of the third industry in the first half of the year increased by 1.5 percentage points faster than that of the second industry; the proportion of gross domestic product was 54.3%, an increase of 0.3 percentage points over the same period last year, which was higher than that of the second industry by 13.9 percentage points.

    From the perspective of demand structure, the contribution rate of final consumption expenditure to economic growth is 78.5%, which is 47.1 percentage points higher than the total capital formation.

    New industries and new products are growing rapidly.

    From the perspective of industrial structure, the added value of industrial strategic emerging industries increased by 8.7% over the first half of the year, 2 percentage points faster than that of the above scale industries.

    The output of new energy vehicles increased by 88.1% over the same period last year, while industrial robots grew by 23.9% and integrated circuits increased by 15%.

    New consumption is booming.

    From the perspective of trade structure, the retail sales volume of the first half of the year was 40810 billion yuan, up 30.1% over the same period last year.

    Among them, the online retail sales of physical commodities increased by 31277 yuan, an increase of 29.8%, accounting for 17.4% of the total retail sales of social consumer goods, an increase of 3.6 percentage points compared with the same period last year, and online retail sales of non physical commodities increased by 953 billion 300 million yuan, an increase of 30.9%.

    Green development is advancing steadily.

    From the perspective of energy conservation and emission reduction, the energy consumption per unit of GDP in the first half of the year dropped by 3.2% compared with the same period last year.

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