The National Bureau of Statistics announced on the 15th that the gross domestic product in the first half of the year was 53216.7 billion yuan, an increase of 12.7% year-on-year at comparable prices, 5.6 percentage points lower than that in the first quarter; The average growth rate in two years was 5.3%, 0.3 percentage point faster than that in the first quarter.
China’s GDP in the second quarter grew by 7.9% year-on-year, expected to grow by 8% and the previous value by 18.3%.
According to the preliminary calculation, the GDP in the first half of the year was 53216.7 billion yuan, an increase of 12.7% on a year-on-year basis at comparable prices, 5.6 percentage points lower than that in the first quarter; The average growth rate in two years was 5.3%, 0.3 percentage point faster than that in the first quarter.
Residents’ income continued to grow, and the ratio of per capita disposable income of urban and rural residents shrank. In the first half of last year, the per capita disposable income of residents in China was 17642 yuan, a nominal increase of 12.6% over the previous year. This was mainly due to the low base in the first half of last year, with an average growth of 7.4% in two years, 0.4 percentage point faster than that in the first quarter; After deducting the price factor, the actual growth rate was 12.0% year-on-year, with an average growth rate of 5.2% in two years, slightly lower than the economic growth rate, basically synchronized. The median per capita disposable income of Chinese residents was 14897 yuan, an increase of 11.6%.
The Symposium of economic situation experts and entrepreneurs held on July 12 pointed out that since the beginning of this year, the economy has been stable and strengthened, meeting expectations, the employment situation is improving, and the driving force of economic development has been further enhanced. However, the domestic and international environment is still complex, and there are many uncertain and unstable factors, especially the sharp rise in the price of bulk commodities, which raises the cost of enterprises, and makes it more difficult for small, medium and micro enterprises. We should not only strengthen confidence in China’s economic development, but also face up to difficulties.
For China’s economy in the whole year, the market is generally optimistic about maintaining a stable growth trend, and international organizations have recently raised China’s economic growth expectations.
The world bank raised China’s economic growth forecast this year from 8.1% to 8.5%. The International Monetary Fund also predicts that China’s GDP growth this year will be 8.4%, up 0.3 percentage points from the forecast at the beginning of the year.
Post time: Jul-15-2021