Current location:travel >>
(China Economic Roundtable) Chinese Economy Sees Hard
travel24191People have gathered around
IntroductionContact Us HomeNewsHighlightACWF NewsSocietyWom ...
- Home
- News
- People
- In-depth
- ACWF
(China Economic Roundtable) Chinese Economy Sees Hard-Won Recovery in H1 amid Global Downturn
July 18, 2023Photo 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.
Comments
Magazines
Projects
- 2023 Women Science and Technology Innovation Pioneer...
Photos
- People Enjoy Blooming Tulips in Jinan, East...
- Flowers Bloom Across China in Spring
Special Coverage
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Wonders news portal”。http://belize.whetstonetavern.com/html-43c199886.html
Related articles
Convicted robber, 45, admits stabbing charity busker, 87, while riding his mobility scooter
travelA convicted robber has admitted stabbing an elderly mobility scooter rider to death in a 'motiveless ...
【travel】
Read moreCBA playoffs: Shanghai beat Zhejiang to even series
travelThe Shanghai Sharks drew their CBA quarterfinal series 1-1 after taking down the Zhejiang Golden Bul ...
【travel】
Read moreChina's Ma, Sun crowned at ITTF World Cup
travelChina's Ma Long completed a marvellous comeback win in the ITTF World Cup men's final as he ...
【travel】
Read more
Popular articles
- Russell Brand announces plan to be baptised as it's 'an opportunity to leave the past behind'
- Chinese premier says China's market is always open to foreign businesses
- Xi calls for viewing production capacity issue objectively, dialectically
- Experts reveal why 15 percent of people don't lose weight on Ozempic
- Goldman Sachs upbeat on A shares
- Tyler O'Neill's bloop single lifts Boston Red Sox past Chicago Cubs 5
Latest articles
Egyptian, Chinese students mark UN Chinese Language Day in Cairo
I'm an American living in the UK... here is the TRUTH about who has the better food
Hannah Green wins LPGA Tour’s JM Eagle LA Championship for 2nd straight year
Barca may request Real replay if VAR error found
Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrier
Sichuan beat Inner Mongolia to retain WCBA title
LINKS
- Bruins beat Maple Leafs 4
- Ariel Henry resigns as prime minister of Haiti
- Ship comes under attack off coast of Yemen as Houthi rebel campaign appears to gain new speed
- First round of North Macedonia's presidential polls shows big shift towards center
- French Open to reveal second retractable roof court at Roland Garros ahead of Olympics
- China launches 3
- Bruins beat Maple Leafs 4
- Tenerife official tells Brits looking for all
- Leverkusen defender Jonathan Tah looks to finish historic season unbeaten and with more trophies
- Hamas releases distressing proof