日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Six things to watch in China's economy

Xinhua | Updated: 2023-07-22 09:45
Share
Share - WeChat
This aerial photo taken on July 5, 2023 shows cars to be loaded for export at Yantai Port in East China's Shandong province. [Photo/Xinhua]

BEIJING -- The Chinese economy recorded a general upward trajectory in the first half of this year, with fluctuations also being spotted. As optimism and pessimism both arose, how does one correctly judge the economic trend?

The following analysis in six aspects, from demand to employment, offers a glimpse into the performance and prospects of the world's second-largest economy.

Economic recovery

With a rosy start and a stable second quarter, the macro economy experienced an unusual recovery curve.

Above all, China's growth is praiseworthy against a slowing global economy backdrop. In the first six months, China secured a 5.5-percent GDP expansion -- quicker than 2022 and this year's first quarter -- driven by stronger consumption and steadily improving services.

Secondly, economic vibrancy did soften in the April-June period, with weakening indicators from exports to industrial profits. However, it is normal to see some volatility during the post-COVID-19 recovery phases, said Liu Yuanchun, president of the Shanghai University of Finance and Economics.

Besides, despite headwinds at home and abroad this year, China's economic growth had higher quality, with continued transformation and upgrades.

For instance, China's 20 millionth new energy vehicle rolled off the production line early this month in the southern Chinese city of Guangzhou, marking a milestone for the country's green drive. China's exports of solar batteries, lithium-ion batteries, and electric vehicles soared amid sluggish global trade. The equipment manufacturing and high-tech industries also registered robust growth.

Chinese authorities have recognized the difficulties and pledged more efforts to bolster the economy. Pressures and challenges will not change the sound long-term economic trend, said Meng Wei, spokesperson for the National Development and Reform Commission.

Domestic demand

Gauged by short-term indicators, the recovery of China's domestic demand in recent months slowed down from the first quarter as insufficient market demand and tepid endogenous impetus remained a drag on growth.

But packed subway trains, long queues at restaurants, and humming machines in factories across the country are adding strength to an economic upturn.

Liu Guoqiang, deputy governor of the People's Bank of China, stressed that it takes time for consumption to return to normal.

It has only been about half a year since China adjusted its COVID-19 response, and positive signs have emerged already in areas including economic circulation, residents' incomes, and consumption, Liu said.

In the first half, infrastructure and high-tech investment maintained robust increases, and private investment, excluding those in property development, saw a 9.4-percent rapid expansion from a year ago.

Further expanding domestic demand remains key to sustaining recovery. To that end, China has rolled out various measures to boost consumer spending on new-energy vehicles, household items, and other areas and encourage private capital to partake in the major national projects as outlined in the 14th Five-Year Plan (2021-2025).

With its super-sized market and great domestic demand potential, China possesses strong economic resilience and abundant room for maneuvering. What the country needs in the course of recovery is firm confidence and patience.

"Consumer spending will play a bigger role in shoring growth as supportive policies take further effect. Investment in infrastructure and manufacturing are resilient and will also help expand domestic demand," said Fu Linghui, a National Bureau of Statistics spokesperson.

1 2 3 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 波多野吉衣一区二区三区四区 | 亚洲成人在线视频播放 | 999久久久精品视频在线观看 | 日本一区二区三区四区在线观看 | 老色鬼a∨在线视频在线观看 | 国产精品无码人妻无码色情多人 | 欧美日屁 | 欧美不卡一区二区三区免 | 国产99久久精品 | 久草6| 亚洲精品综合一区二区三 | 欧美国产精品一区二区 | 偶像练习生在线免费观看 | 在线精品亚洲欧美日韩国产 | 久久九九久精品国产 | 狠狠操天天操 | 亚洲精品一区二区三区蜜桃久 | 欧美在线a | 亚洲欧美国产视频 | 国产色在线| 精东视频污 | 国产大毛片 | 99精品视频在线视频免费观看 | 君岛美绪一区二区三区 | 亚洲一区图片 | 草草国产成人免费视频 | 欧美精品一区二区三区蜜桃视频 | 99热视 | 国产a久久精品一区二区三区 | 久草青青草 | 久久精品蜜芽亚洲国产a | 色亚洲视频 | 成人毛片视频在线观看 | 日本妇人成熟A片一区-老狼 | 亚洲视频在线网 | 视频一区欧美 | 亚洲 中文 欧美 日韩 在线观看 | 奇米第四色影视 | 亚洲日韩中文字幕一区 | 国产精品久久久久9999高清 | 亚洲综合色一区二区三区另类 |