Highlight one: the economic growth rate remained at a reasonable range
Economic growth in the first two quarters maintained at 7%, still stable, and economy continues to operate in a reasonable range. At present we are still in a stage of structural adjustment pains, digestion and growth of the early shift of policy stimulus, to maintain a 7% growth in the hard-won.
Highlight two: the employment generally remained stable
In the first half, new urban jobs reached 7.18, 71.8 percent of the annual target was completed. From the monitoring result of 31 capital cities, the unemployment rate was still about 5.1%, there was no big volatility, the employment is generally stable.
Highlight three: income growth outperformed GDP growth
After income growth in the first quarter outperformed GDP growth, in the first half residents per capita disposable income grew by 7.6%, 0.6 percent higher than the GDP growth rate in the first half. Moreover, the income gap between urban and rural residents are gradually shrinking.
Highlight four: industrial structure continues to optimize
From the industrial point of view, the tertiary industry continues to accelerate, and it’s proportion of GDP was 49.5 percent, up 2.1 percentage points over the same period last year, the transformation from the industry-led trend towards services-led trend continues.
Highlights five: contribution consumption made to economic growth continues to improve
contribution consumption made to economic growth continues to increase, in the first half the consumption rate reached 60%, an increase of 5.7 percentage points over the same period last year, indicating that demand structural changes now are in line with the direction of regulation.
Highlights six: the economic growth quality should improve
From the point of view of investment classes, GDP energy consumption per unit fell by 5.9% in the first half, and fell by 5.6% in the first quarter.
Highlights seven: reform dividends continue to be released
It mainly displayed the enhancement of the vitality of the private economy, the growth rate of the industrial added value of non-public economy in the first half was 8.1%. In the terms of Private investment, in the first half it increased by 11.4%, accounting for 65.1 percent in the total investment. This shows that under the impetus of a series of decentralization measures, the vitality of the private economy has been enhanced.
Highlights eight: startups and innovation are popular
New industries, new formats, new products are in fast-growing. In terms of new industrial, the added value of the high-tech industry still maintained double-digit growth, nearly 5 percentage point higher than the average growth rate of above-scale industry. In terms of new, online retail sales continue to maintain a high growth rate. New products also continue to emerge, like robots, new energy vehicles, locomotives.
Highlights nine: the international payments are balanced on the basic
In the first half there was international trade surplus, and the basic balance of imports and exports.
Highlights ten: Agriculture continues to maintain a stable development trend
Food production increased by 3.3%, grain harvest is essential to maintain the stable economic development. (www.chinainout.com)
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