Current location:International Inklings news portal > world
(China Economic Roundtable) Chinese Economy Sees Hard
International Inklings news portal2024-04-30 18:19:51【world】6People 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
Address of this article:http://barbados.jewrs.com/news-9a199954.html
Very good!(1)
Related articles
- Astros promote 1B prospect Loperfido as Abreu's struggles continue for slumping team
- The Art of Sculpting in Fire
- Villagers Create Rap Songs, Record Better Lives
- Family Inherits Spirit of Lei Feng
- Stunning Michigan castle near Detroit hits market for $2.3M
- 'Guardian Angels' of Wetlands
- In Search of 'Treasures'
- Promoting Family Education, Raising Happy Children
- Analysis: The NHL playoffs are off to an odd start, from the net out
- Peking Opera Costumes: A Display of History, Culture and Fine Craftsmanship
Popular articles
Recommended
Chinese FM holds talks with Bolivian counterpart
Growing Vegetables — at Home
Real Madrid's Bellingham banned for two games
Experiencing Charm of Peking Opera While Cycling in Beijing
Supreme Court rejects Musk appeal over Tesla tweets
Journey to Record Chinese Sounds
Decoding Peking Opera Headwear
Hoping for a World Without Illness
Links
- Offices Help Mediate Family Disputes
- Offices Help Mediate Family Disputes
- Council's Members Help Strengthen Community's Governance
- Fuzhou Establishes Women Employees' Rights
- Digitalization Adds Impetus to Women's Development
- Federation Promotes Family Education
- Ministry, Administration Strengthen Protection of Cyber Security for Minors
- Inner Mongolia Strengthens Protection of Women's Rights, Interests
- Top 10 Women, Children's Rights Protection Cases Publicized in Hainan
- Federation Explores Ways to Strengthen Protection of Women, Children's Rights