China’s economy is full of confidence.

　　On July 16th, the semi-annual economic report of China was officially released:In the first half of the year, the GDP increased by 6.8% year-on-year.

　　How to treat the current economic situation?

　　Mao Shengyong, spokesman of the National Bureau of Statistics, said: "Generally speaking, in the first half of the year, the national economy continued to develop steadily and steadily, and the favorable conditions for supporting the economy to move towards high-quality development increased, laying a good foundation for achieving the main economic and social development goals throughout the year."

　　Ten indicators outline a stable and positive trend.

　　"The economic data in the first half of the year shows that China’s economy is developing steadily and well, the foundation for high-quality development is further strengthened, and its ability to resist various risks and challenges is further improved." Zhang Liqun, a researcher at the State Council Development Research Center, said in an interview with Guangming Daily.

　　Look at the growth rate:In the first half of the year, GDP increased by 6.8% year on year. It increased by 6.8% in the first quarter and 6.7% in the second quarter, and it has been running stably in the middle and high speed range of 6.7% to 6.9% for 12 consecutive quarters;

　　Look at employmentThe national urban survey unemployment rate has been below 5% for three consecutive months, and it was 4.8% in May and June, which is the lowest level since the National Bureau of Statistics established the national monthly labor survey system in 2016;

　　Look at the price:The national consumer price CPI rose by 2.0%, showing a moderate upward trend, indicating that the supply and demand of the whole market are basically balanced. The ex-factory price PPI of national industrial producers rose by 3.9% year-on-year, and the growth rate dropped by 2.7 percentage points compared with the same period of last year;

　　Look at the industryThe added value of the tertiary industry accounted for 54.3% of GDP, an increase of 0.3 percentage points over the same period of last year; The contribution of service industry to economic growth reached 60.5%, an increase of 1.4 percentage points over the same period of last year; The contribution rate of consumption to economic growth reached 78.5%, an increase of 14.2 percentage points over the same period of last year;

　　Look at the market subject:In the first half of this year, there were 18,100 new market players per day, the "streamline administration, delegate power, strengthen regulation and improve services" reform continued to deepen, and entrepreneurial innovation continued to develop; The protection of intellectual property rights was further strengthened, and the total number of patent administrative law enforcement cases nationwide increased by 29.5% year-on-year, and the business environment and innovation environment were further optimized;

　　Look at the new supply:The added value of high-tech industry, equipment manufacturing industry and strategic emerging industries increased by 11.6%, 9.2% and 8.7% respectively, which was obviously faster than that of all industries above designated size.

　　Look at green development:The proportion of clean energy consumption in the whole energy consumption increased by 1.5 percentage points over the same period of last year; The energy consumption per 10,000 yuan of GDP decreased by 3.2% year-on-year, which was higher than the expected target of 3.0%.

　　In the first half of the year, the economic operation was stable, the structure was optimized and upgraded, the kinetic energy was accelerated, the quality and efficiency were improved, the basic role of consumption in economic growth was continuously consolidated, and the role of service industry in economic growth continued to be consolidated. Mao Shengyong emphasized: "At present, the uncertainty of the external environment is increasing, and the domestic structural adjustment is in the period of tackling key problems. This kind of achievement is hard-won. "

　　Reform has been deepened and resilience has been further enhanced.

　　In June, the comprehensive PMI output index was 54.4%, the manufacturing purchasing manager index was 51.5%, and the non-manufacturing business activity index was 55.0%, which continued to run in the expansion range. "Benefiting from the deepening of supply-side structural reforms, the market is expected to improve overall." Mao Shengyong said.

　　Structural de-capacity continued to deepen. In the first half of the year, the national industrial capacity utilization rate was 76.7%, an increase of 0.2 percentage points over the first quarter and 0.3 percentage points over the same period of the previous year. The effect of destocking was outstanding. At the end of June, the area of commercial housing for sale nationwide decreased by 14.7% year-on-year. The leverage ratio and cost of enterprises continue to decline. At the end of May, the asset-liability ratio of industrial enterprises above designated size was 56.6%, down 0.6 percentage points year-on-year. Investment in short-board areas grew rapidly, and investment in ecological protection and environmental management industries and agriculture increased by 35.4% and 15.4% respectively year-on-year, which was 29.4 and 9.4 percentage points faster than the total investment.

　　"The continuous advancement of supply-side structural reforms has generally strengthened the adaptability of enterprises to the market competitive environment and enhanced the endogenous demand growth ability of the market." Zhang Liqun made a judgment through analysis, "ineffective supply has withdrawn, high-quality supply has gradually increased, corporate benefits have continued to improve, the industry’s ecological environment has improved, and China’s economic fundamentals have improved significantly."

　　It is expected to maintain steady and rapid growth in the second half of the year.

　　"In the first half of the year, the main indicators of China’s economic operation were generally stable. If you ask whether Sino-US economic and trade frictions have any impact, I think it is limited if there is one at present." Mao Shengyong judged that from the second half of the year, there are indeed many variables in the external environment, and the uncertainty and imbalance have increased. The future economic operation mainly depends on three major demands: in the second half of the year, consumption will continue to grow steadily and rapidly, investment will maintain a basically stable trend, and foreign trade does face some challenges, but there are also many favorable factors, which are expected to maintain steady and rapid growth on the whole.

　　In the first half of the year, foreign direct investment maintained a growth trend, and recently some famous international brands have settled in China. This fully proves that China’s market is so big, its growth is so good, its business environment is constantly improving, and its property rights protection for all kinds of enterprises in China and fair treatment for all kinds of market players are constantly improving. China is still a hot spot.

　　"China’s economy has good fundamentals, with deepening reform and opening up and increasing resilience. For the impact of Sino-US economic and trade frictions, we will adhere to the bottom line thinking and be fully prepared, but we don’t have to overestimate it. The economic and trade disputes provoked by the United States will not change the overall situation of China’s stable and good economic development. " Zhang Liqun stressed. (Source: Guangming Daily, CCTV, China Government Network)