Your current location:HOME >politics >(China Economic Roundtable) Chinese Economy Sees Hard 正文
TIME:2024-05-01 12:31:09 Source: Internet compilationEdit:politics
Contact Us HomeNewsHighlightACWF NewsSocietyWom
Photo shows a scene at the China Economic Roundtable in Beijing, capital of China. China Economic Roundtable is an all-media talk platform launched by Xinhua News Agency, with the first episode featuring the Chinese economy. [Xinhua/Jin Liangkuai] |
BEIJING, July 17 (Xinhua) — China's economic performance in the first half (H1) of 2023 showed signs of recovery in the face of various challenges, guest speakers told the China Economic Roundtable hosted by Xinhua News Agency.
China's gross domestic product (GDP) grew 5.5 percent year on year in the first half of 2023, data from the National Bureau of Statistics (NBS) showed Monday.
Fu Linghui, the NBS spokesperson, said the economic growth had significantly accelerated compared with that of last year, which is quite remarkable given the global economic fluctuations and downturns.
In the January-June period, production supply of agriculture and industry continued to increase, the service industry and consumption grew rapidly, and high-quality development made steady progress, he said.
Since April, international organizations and institutions, such as the United Nations, the World Bank, and the OECD, have raised their expectations for China's economic growth this year, reflecting the world's confidence in China's economic development prospects.
"Facing sluggish global economic growth and a slowdown in global trade, China's economic growth in H1 saw an increased contribution of domestic demand to the GDP compared with the same period last year and the entire 2022," said Li Hui, a senior official with the National Development and Reform Commission.
She noted that the growth rate of industrial added value of the equipment manufacturing industry, above the designated size, had exceeded the overall industrial growth rate. The production of solar cells, new energy vehicles, and charging piles also surged.
Investment in high-tech industries and private investment in infrastructure and manufacturing all exhibited faster growth rates than that of the total investment, Li said, adding that these highlights all prove China's high-quality economic development.
Globally, world economic growth continues to slow down and inflation pressures remain high, leading to divergent economic trends among countries.
Liu Yuanchun, president of Shanghai University of Finance and Economics, said that China's H1 economic performance undoubtedly represents an example of high-speed growth among major economies.
According to Liu, it is essential to understand this round of recovery from a global and historical perspective, particularly taking the pandemic, disasters and major changes into consideration.
"The recovery in the post-pandemic era is different from the normal and cyclical recoveries we've seen in the past," he said, noting this round of recovery begins from society and transactions, and then moves on to profit and balance sheet, which will be a long process involving fluctuations.
Li agreed that despite adverse effects resulting from global changes, China's economy has witnessed a rebound, with stable prices and financial stability. Enditem
Editor's note: China Economic Roundtable is an all-media talk platform launched by Xinhua News Agency, with the first episode featuring the Chinese economy. Distinguished guests are Fu Linghui, spokesperson of the National Bureau of Statistics, Li Hui, senior official with the National Development and Reform Commission, and Liu Yuanchun, president of Shanghai University of Finance and Economics.
Related:
(China Economic Roundtable) Chinese economy to forge ahead with full confidence in H2
(China Economic Roundtable) New drivers expected to propel China's future economic growth
Photo shows Liu Yuanchun, president of Shanghai University of Finance and Economics, attending the China Economic Roundtable in Beijing, capital of China. China Economic Roundtable is an all-media talk platform launched by Xinhua News Agency, with the first episode featuring the Chinese economy. [Xinhua/Jin Liangkuai] |
Photo shows Li Hui, a senior official with the National Development and Reform Commission, attending the China Economic Roundtable in Beijing, capital of China. China Economic Roundtable is an all-media talk platform launched by Xinhua News Agency, with the first episode featuring the Chinese economy. [Xinhua/Jin Liangkuai] |
Photo shows Fu Linghui, spokesperson of the National Bureau of Statistics, attending the China Economic Roundtable in Beijing, capital of China. China Economic Roundtable is an all-media talk platform launched by Xinhua News Agency, with the first episode featuring the Chinese economy. [Xinhua/Jin Liangkuai] |
(Source: Xinhua)
32.3KPlease understand that womenofchina.cn,a non-profit, information-communication website, cannot reach every writer before using articles and images. For copyright issues, please contact us by emailing: [email protected]. The articles published and opinions expressed on this website represent the opinions of writers and are not necessarily shared by womenofchina.cn.
House Republicans launch investigation into federal funding for universities amid campus protests2024-05-01 12:29
Commentary: Xi's meeting with Ma injects positive energy to relations across Taiwan Strait2024-05-01 12:08
Commentary: Washington's overcapacity charges misleading2024-05-01 12:02
China firmly opposes negative China2024-05-01 11:50
Missouri Supreme Court strikes down 2022 vote on Kansas City police funding2024-05-01 11:44
China's top court vows better judicial protection of consumer rights2024-05-01 10:54
Woolworths boss Brad Banducci quits following interview walkout2024-05-01 10:18
China works to promote energy conservation, carbon reduction in construction industry2024-05-01 10:14
Immigrant's $1.3B Powerball win spotlights the Iu Mien community2024-05-01 09:59
New Zealand rugby legends inducted into Pasifika Hall of Fame2024-05-01 09:52
EPHRAIM HARDCASTLE: French magazine uses AI photographs to predict the Royal Family's future2024-05-01 12:28
Guest Opinion: Xi's message to Americans2024-05-01 12:20
Commentary: Provocations by the Philippines in South China Sea unwise, futile2024-05-01 12:13
Feature: Japanese director hopes to show real China to more Japanese people2024-05-01 12:05
The 4 officers killed in North Carolina were tough but kind and loved their jobs, friends say2024-05-01 11:55
China works to promote energy conservation, carbon reduction in construction industry2024-05-01 11:10
Economic Watch: Innovation leads China's flashlight production to broader prospects2024-05-01 10:50
Feature: Japanese director hopes to show real China to more Japanese people2024-05-01 10:46
ACL injuries are more common in women soccer players than men. We may learn why2024-05-01 10:21
Death toll rises to 16 following Taiwan quake as reconstruction starts2024-05-01 09:49