China's GDP grew by 67% in the first half of the y

2022-08-07
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China's GDP in the first half of the year increased by 6.7% year on year.

China's GDP in the first half of the year increased by 6.7% year on year.

. By quarter, the first quarter saw a year-on-year growth of 6.7%, and the second quarter saw a growth of 6.7%. By industry, the added value of the primary industry was 2209.7 billion yuan, a year-on-year increase of 3.1%; The added value of the secondary industry was 13425 billion yuan, an increase of 6.1%; The added value of the tertiary industry was 18429 billion yuan, an increase of 7.5%. On a month on month basis, GDP grew by 1.8% in the second quarter

1. Agricultural production was basically stable, and the output of summer grain decreased slightly.

the total output of summer grain in China was 139.26 million tons, a decrease of 1.62 million tons or 1.2% over the previous year. The total output of summer grain is slightly lower than the highest year in 2015, which is the second high-yield year in history. In the first half of the year, the output of pigs, cattle, sheep and poultry was 38.53 million tons, a year-on-year decrease of 1.3%, of which the output of pork was 24.73 million tons, a decrease of 3.9%. The number of live pigs was 402.03 million, a year-on-year decrease of 3.7%; 319.59 million pigs were sold, a year-on-year decrease of 4.4%

II. Industrial production rose steadily and slightly, and the profitability improved.

in the first half of the year, the added value of industries above designated size increased by 6.0% year-on-year at comparable prices, 0.2 percentage points faster than that in the first quarter. In terms of economic types, the value-added of state-owned holding enterprises decreased by 0.2% year-on-year, that of collective enterprises increased by 2.6%, that of joint-stock enterprises increased by 7.2%, and that of enterprises with foreign investment and investment from Hong Kong, Macao and Taiwan increased by 3.2%. In terms of three categories, the added value of the mining industry increased by 0.1% year-on-year, the manufacturing industry increased by 6.9%, and the production and supply of electricity, heat, gas and water increased by 2.6%. The industrial structure continued to be optimized. In the first half of the year, the value-added of high-tech industry and equipment manufacturing industry increased by 10.2% and 8.1% respectively year-on-year, 4.2 and 2.1 percentage points faster than that of industries above Designated Size, accounting for 12.1% and 32.6% of the value-added of industries above Designated Size, 0.7 and 1.2 percentage points higher than that of the same period of the previous year. In June, the added value of industries above designated size increased by 6.2% year-on-year and 0.47% month on month. In the first half of the year, the production and sales rate of Industrial Enterprises above Designated Size reached 97.3%. Industrial Enterprises above Designated Size realized an export delivery value of 5511.7 billion yuan, a year-on-year decrease of 0.7%

In the month of

, industrial enterprises above Designated Size achieved a total profit of 2381.6 billion yuan, an increase of 6.4% year-on-year (a decrease of 0.8% year-on-year). Industrial enterprises and small enterprises above designated size generally have a cost of 85.73 yuan in the main business income of 1800 yuan per cubic meter, and the profit margin of main business income is 5.59%

III. The growth rate of fixed asset investment dropped, and the area of commercial housing for sale decreased

in the first half of the year, the national fixed asset investment (excluding farmers) was 25836billion yuan, a year-on-year nominal increase of 9.0% (the actual increase after deducting price factors was 11.0%), and the growth rate fell by 1.7 percentage points compared with the first quarter. Among them, the state-owned holding investment was 9108.9 billion yuan, an increase of 23.5%; Private investment was 15879.7 billion yuan, an increase of 2.8%, accounting for 61.5% of the total investment. By industry, the investment in the primary industry was 746billion yuan, a year-on-year increase of 21.1%; The investment in the secondary industry was 10170.2 billion yuan, an increase of 4.4%; The investment in the tertiary industry was 149198.8 billion yuan, an increase of 11.7%, of which the investment in infrastructure (excluding power, heat, gas and water production and supply) was 4908.5 billion yuan, an increase of 20.9%. From the perspective of funds in place, the funds in place in the first half of the year was 28244.3 billion yuan, an increase of 8.0% year-on-year. Among them, the state budget funds increased by 21.8%, domestic loans increased by 12.4%, self raised funds increased by 1.4%, and the utilization of foreign capital decreased by 7.2%. In the first half of the year, the planned total investment of new projects was 24020.2 billion yuan, a year-on-year increase of 25.1%. On a month on month basis, investment in fixed assets (excluding farmers) increased by 0.45% in June

in the first half of the year, the national real estate development investment was 4663.1 billion yuan, a year-on-year nominal increase of 6.1% (China is the world's largest PA66 market, with an actual increase of 8.0% after deducting price factors), and the growth rate was 0.1% lower than that in the first quarter. Among them, residential investment increased by 5.6%. The newly started housing area was 775.37 million square meters, a year-on-year increase of 14.9%, of which the newly started housing area increased by 14.0%. The sales area of commercial houses nationwide was 643.02 million square meters, a year-on-year increase of 27.9%, of which the sales area of residential houses increased by 28.6%. The sales of commercial housing nationwide reached 4868.2 billion yuan, a year-on-year increase of 42.1%, of which the sales of residential housing increased by 44.4%. The land acquisition area of real estate development enterprises was 95.02 million square meters, a year-on-year decrease of 3.0%. At the end of June, the area of commercial housing for sale nationwide was 714.16 million square meters, 21 million square meters less than that at the end of March and 7.53 million square meters less than that at the end of May. In the first half of the year, real estate development enterprises paid in 6813.5 billion yuan, a year-on-year increase of 15.6%

IV. the market sales grew steadily, and the retail sales in the first half of the year grew rapidly.

in the first half of the year, the total retail sales of social consumer goods was 15613.8 billion yuan, a year-on-year nominal increase of 10.3% (the actual increase after deducting the price factor was 9.7%), and the growth rate was the same as that in the first quarter. Among them, retail sales of consumer goods by units above Designated Size reached 7107.5 billion yuan, an increase of 7.5%. According to the location of business units, the retail sales of urban consumer goods reached 13424.9 billion yuan, a year-on-year increase of 10.2%, and the retail sales of rural consumer goods reached 2188.9 billion yuan, an increase of 11.0%. By consumption type, the catering revenue was 1668.3 billion yuan, an increase of 11.2% year-on-year, and the retail sales of goods was 13945.5 billion yuan, an increase of 10.2%, including 6685.7 billion yuan, an increase of 7.6%. In June, the total retail sales of social consumer goods increased by 10.6% year-on-year in nominal terms (10.3% in real terms after deducting price factors) and 0.92% month on month

in the first half of the year, the national retail sales reached 2236.7 billion yuan, a year-on-year increase of 28.2%. Among them, the retail sales of physical goods reached 1814.3 billion yuan, an increase of 26.6%, accounting for 11.6% of the total retail sales of social consumer goods

v. the decline in import and export narrowed, and the proportion of general trade increased

in the first half of the year, the total import and export volume was 11133.5 billion yuan, a year-on-year decrease of 3.3%, a decrease of 3.6 percentage points compared with the first quarter; Among them, the export was 6402.7 billion yuan, down 2.1%, narrowing by 3.6 percentage points; Imports totaled 4730.7 billion yuan, down 4.7 percent and narrowed by 3.7 percentage points. Imports and exports offset each other, with a surplus of 1672billion yuan. In June, the total import and export volume was 2037.8 billion yuan, a year-on-year decrease of 0.3%; Among them, the export was 1174.5 billion yuan, an increase of 1.3%; Imports reached 863.3 billion yuan, down 2.3 percent. Trade structure optimization. In the first half of the year, the import and export of general trade accounted for 56.4% of the total import and export, an increase of 1.2 percentage points over the same period of the previous year, of which the export of general trade accounted for 55.7% of the total export, an increase of 1.3 percentage points; The export of mechanical and electrical products accounted for 57.2% of the total export volume and was the main export force; The export of private enterprises increased by 3.6%, accounting for 46.6% of the total export, and continued to rank first in terms of export share. Exports to some countries along the the Belt and Road increased. In the first half of the year, exports to Pakistan, Russia, Bangladesh, India and Egypt increased by 22.5%, 16.6%, 9.0%, 7.8% and 4.7% respectively. The import volume of some bulk commodities kept growing, with 494million tons of iron ore imported in the first half of the year, an increase of 9.1%; 187million tons of crude oil, an increase of 14.2%; 108million tons of coal, an increase of 8.2%; 2.74 million tons of copper, up 22%

VI. consumer prices rose moderately, and the year-on-year decline in industrial prices narrowed.

in the first half of the year, consumer prices rose by 2.1% year-on-year, the same increase as in the first quarter. Among them, the urban growth rate was 2.1%, and the rural growth rate was 2.1%. By category, the prices of food, tobacco and alcohol rose by 5.0%, clothing by 1.6%, housing by 1.4%, daily necessities and services by 0.5%, transportation and communication by 2.1%, education, culture and entertainment by 1.3%, medical care by 3.2% and other supplies and services by 1.4%. Among food, tobacco and alcohol prices, grain prices rose by 0.6%, pork prices rose by 28.2%, and fresh vegetable prices rose by 18.2%. In June, consumer prices rose by 1.9% year-on-year and decreased by 0.1% month on month. In the first half of the year, the ex factory prices of industrial producers fell by 3.9% year-on-year, 0.9% lower than that in the first quarter; In June, it decreased by 2.6% year-on-year and 0.2% month on month. In the first half of the year, the purchase price of industrial producers fell by 4.8% year-on-year, 3.4% year-on-year in June and 0.2% month on month

VII. The income of residents increased steadily, and the income of migrant workers continued to increase.

in the first half of the year, the per capita disposable income of residents nationwide was 11886 yuan, a year-on-year nominal increase of 8.7%, and a real increase of 6.5% after deducting price factors. According to permanent residence, the per capita disposable income of urban residents was 16957 yuan, a year-on-year nominal increase of 8.0%, and a real increase of 5.8% after deducting price factors; The per capita disposable income of rural residents was 6050 yuan, a year-on-year nominal increase of 8.9%, and a real increase of 6.7% after deducting price factors. The per capita income difference between urban and rural residents was 2.80, 0.03 smaller than the same period last year. The median per capita disposable income of Chinese residents was 10505 yuan, a year-on-year nominal increase of 8.3%. At the end of the second quarter, the total number of rural migrant workers was 175.09 million, an increase of 730000, or 0.4%. The average monthly income of migrant workers was 3202 yuan, a year-on-year increase of 6.7%

VIII. The economic structure has been continuously optimized, and the supply side structural reform has made progress.

the industrial structure continues to be optimized. In the first half of the year, the added value of the tertiary industry accounted for 54.1% of GDP, an increase of 1.8 percentage points over the same period of the previous year and 14.7 percentage points higher than that of the secondary industry. The demand structure was further improved. In the first half of the year, the contribution rate of final consumption expenditure to GDP growth was 73.4%, an increase of 13.2 percentage points over the same period of the previous year. The late developing advantages of the central and western regions continue to be brought into play. In the first half of the year, the added value of industries above Designated Size in the central and western regions increased by 7.3% and 7.2% respectively year-on-year, 0.9% and 0.8% faster than that in the eastern region. At present, the wheels of this suitcase account for a lot of weight; The investment in fixed assets (excluding farmers) in the central and western regions increased by 12.8% and 13.5% respectively year-on-year, 1.8 and 2.5 percentage points faster than that in the eastern region. New progress has been made in energy conservation and consumption reduction. In the first half of the year, energy consumption per unit of GDP decreased by 5.2% year-on-year

the effect of "three elimination, one reduction and one compensation" has initially shown. In the first half of the year, the output of raw coal and crude steel decreased by 9.7% and 1.1% respectively year-on-year. Positive changes have taken place in the inventory of industrial enterprises and commercial housing. At the end of May, the finished product inventory of Industrial Enterprises above designated size decreased by 1.1% year-on-year. In June, the area of commercial housing for sale decreased for four consecutive months. The asset liability ratio and costs of industrial enterprises have decreased. By the end of May, the asset liability ratio of Industrial Enterprises above designated size was 56.8%, down 0.5 percentage points from the same period of the previous year; In January, the cost per 100 yuan of main business income of Industrial Enterprises above designated size decreased by 0.22 yuan compared with the same period of the previous year. Investment in weak areas grew rapidly. In the first half of the year, the investment in Water Conservancy Environment and public facilities management, information transmission software and information technology services increased by 26.7% and 22.5% respectively year-on-year, 17.7 and 13.5 percentage points faster than the total investment respectively

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