The National Economy Recovered Gradually In The First Half Of The Year, And The Economic Growth In The Second Quarter Turned From Negative To Positive
In the first half of the year, in the face of the severe test and complex and changeable domestic and foreign environment brought about by the new pneumonia epidemic, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core, the whole country coordinated the work of epidemic prevention and control and economic and social development, resolutely implemented all the decisions and arrangements, and the situation of epidemic prevention and control continued to improve, and the resumption of work, production, business and market was accelerated In, China's economy first fell and then rose. In the second quarter, economic growth turned from negative to positive. The main indicators of economic growth were restorative growth. The economic operation recovered steadily. The basic livelihood security was strong. The overall market expectation was good, and the overall social development was stable.
According to preliminary calculation, the GDP in the first half of the year was 45661.4 billion yuan, a year-on-year decrease of 1.6% based on comparable prices. In terms of quarters, the first quarter decreased by 6.8% year-on-year, and the second quarter increased by 3.2%. In terms of industries, the added value of the primary industry was 2605.3 billion yuan, up 0.9% year on year; the added value of the secondary industry was 17275.9 billion yuan, down 1.9%; the added value of the tertiary industry was 2578.2 billion yuan, down 1.6%. On a month on month basis, GDP grew by 11.5% in the second quarter.
Industrial production recovered quickly
In the first half of the year, the added value of industries above Designated Size in China decreased by 1.3% year-on-year, 7.1 percentage points narrower than that in the first quarter; among them, the added value of industries above designated size increased by 4.4% in the second quarter and decreased by 8.4% in the first quarter. The growth rate of the industrial scale increased by 3.0% year-on-year, 3.5% month on month, and the industrial scale increased by 6.0% month on month. Among the three major categories, the manufacturing industry decreased by 1.4%, 0.6 and 8.8 percentage points lower than that in the first quarter. From January to may, the profits of Industrial Enterprises above Designated Size nationwide reached 1843.5 billion yuan, a year-on-year decrease of 19.3%, and the decline rate continued to narrow; among them, the total profits in May decreased from 4.3% in April to 6.0% in May. In June, the purchasing manager index of China's manufacturing industry was 50.9%, up 0.3 percentage points from May, which was above the critical point for four consecutive months.
The market and sales gradually improved
In the first half of the year, the total retail sales of social consumer goods reached 17225.6 billion yuan, a year-on-year decrease of 11.4%, and the decline rate was 7.6 percentage points lower than that in the first quarter; among them, the retail sales in the second quarter decreased by 3.9%, 15.1 percentage points lower than that in the first quarter. In June, the total retail sales of consumer goods totaled 3352.6 billion yuan, a year-on-year decrease of 1.8%, a decrease of 1.0 percentage points compared with may, and a month on month increase of 1.34%. By type of consumption, retail sales of goods reached 15764.8 billion yuan, down 8.7%.
China's online retail sales totaled 5150.1 billion yuan, up 7.3% year on year, down 0.8% in the first quarter. Among them, the online retail sales of physical goods reached 4348.1 billion yuan, an increase of 14.3%, 8.4 percentage points faster than that of the first quarter, and accounted for 25.2% of the total retail sales of consumer goods, an increase of 1.6 percentage points over the first quarter.
Fixed assets investment decreased significantly
In the first half of the year, China's investment in fixed assets (excluding farmers) reached 28160.3 billion yuan, a year-on-year decrease of 3.1%, a decrease of 3.2 percentage points compared with January may and 13.0 percentage points lower than that of the first quarter. From a month on month basis, fixed asset investment (excluding farmers) in June increased by 5.91% over the previous month.
In terms of sectors, investment in the manufacturing industry fell by 11.7% in the first half of the year, and the decline rate was 13.5 percentage points lower than that in the first quarter. In terms of industries, the investment in the secondary industry decreased by 8.3%, which was 13.6 percentage points lower than that in the first quarter.
Import and export of goods better than expected
In the first half of the year, the total import and export volume of goods reached 14237.9 billion yuan, a year-on-year decrease of 3.2%, and the decrease rate was 3.3 percentage points narrower than that in the first quarter; among them, the second quarter decreased by 0.2% year-on-year, and the first quarter decreased by 6.5%. Exports were 7713.4 billion yuan, down 3.0%; imports were 6524.5 billion yuan, down 3.3%; imports and exports offset each other, with a trade surplus of 1188.9 billion yuan. The trade structure continued to be optimized. The proportion of general trade import and export accounted for 60.1% of the total import and export, an increase of 0.4 percentage points over the same period of last year. In June, the total import and export volume was 2697.3 billion yuan, up 5.1% year-on-year; the export was 1513.1 billion yuan, an increase of 4.3%; the import was 1184.2 billion yuan, an increase of 6.2%.
In the first half of the year, the export delivery value of Industrial Enterprises above Designated Size in China reached 5425 billion yuan, a year-on-year decrease of 4.9%, and the decline rate was 5.4 percentage points lower than that in the first quarter. Among them, the export delivery value in June decreased from 1.4% in May to an increase of 2.6%.
Consumer prices have risen moderately
In the first half of the year, consumer prices rose by 3.8% year-on-year, 1.1 percentage points lower than that in the first quarter. According to the classification, clothing decreased by 0.1%. In June, the national consumer price rose by 2.5% year-on-year and decreased by 0.1% month on month.
The ex factory prices of industrial producers decreased year on year
In the first half of the year, the factory prices of industrial producers in China decreased by 1.9% year on year, among which, in June, the factory prices decreased by 3.0% year-on-year and rose by 0.4% month on month. In the first half of the year, the purchasing prices of industrial producers in China decreased by 2.6% year-on-year; among them, in June, the purchase price decreased by 4.4% year-on-year and increased by 0.4% month on month.
On the whole, in the first half of the year, China's economy gradually overcame the adverse effects brought about by the epidemic, and its economic operation showed a trend of recovery growth and steady recovery, and its development toughness and vitality were further highlighted. At the same time, it should be noted that some indicators are still declining, and the impact loss of the epidemic needs to be made up. At present, the global epidemic situation is still spreading, the huge impact of the epidemic on the world economy will continue to develop and evolve, the external risk challenges are obviously increasing, and the domestic economic recovery is still under pressure. In the next step, we should adhere to the guidance of Xi Jinping's thought of socialism with Chinese characteristics for a new era, integrate the overall promotion of normalized epidemic prevention and control with economic and social development, adhere to the goal guidance and problem orientation, accumulate potential and seek for change and response, grasp the key points, supplement the weak points and strong and weak points, do a solid job in the "six stability" work, comprehensively implement the "six guarantees" task, and ensure that We will resolutely carry out the tasks of building a moderately prosperous society in an all-round way, and strive to achieve the goal of building a moderately prosperous society in an all-round way, and strive to achieve the goal of building a moderately prosperous society in an all-round way, and firmly accomplish the goal of building a moderately prosperous society in an all-round way.
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