Economy

Stable and resilient - looking at the high-quality development of the Chinese economy from the "semi annual report"

2025-07-25   

This hot summer, the Chinese economy is surging with new vitality. Look, "Su Chao" has become popular, and tourists from all over the world are "traveling with the competition", turning "ball tickets" into "travel passes"; LABUBU plush toys are popular worldwide, and domestic trendy products are being sought after by more young people; Silver haired trains shuttle across the north and south of the country, and drone light shows illuminate the night economy... Microscopic scenes are all microcosms of the macro economy. Resilience, vitality, and stability are key words that reflect the sustained "stable" trend of the Chinese economy, the firm pace of "progress", the abundant "new" momentum, the accelerated "smooth" cycle, and the abundant high-quality development. The latest semi annual report on the Chinese economy also outlines the trajectory of the Chinese economy towards new and better development from different dimensions - in the first half of the year, the gross domestic product increased by 5.3% year-on-year, the added value of large-scale industrial enterprises in China increased by 6.4% year-on-year, and the added value of the service industry increased by 5.5% year-on-year... The main engine of the economy is running steadily, reading thousands of books and traveling thousands of miles. Taking advantage of the summer vacation, accompany my son to explore his beloved 'Greater Beijing'. ”A few days ago, Wang Yongmei, a tourist from Qingdao, Shandong Province, came to Beijing with her family, clocked in the Summer Palace, Temple of Heaven Park, Universal Studios Theme Park and other places, and sighed, "It's a worthwhile trip to be hot and happy". The scorching summer cannot resist people's longing for "poetry and distant places". Recently, the Ahe Highway in Xinjiang was officially opened to traffic, Shanghai Lego Park opened its doors to welcome visitors, and several resorts in Changbai Mountain, Jilin Province began summer operations, making domestic and foreign tourists exclaim that it is "satisfying". At the same time as the tourism market is booming, various regions are actively creating diversified consumption scenarios, constantly tapping into consumption potential and releasing consumption momentum - Beijing has introduced a special action plan to expand fashion consumption, Guangxi has launched special activities such as late night canteens, and Shanxi has created intangible cultural heritage national products and trendy products... 'China tourism' and 'China shopping' continue to heat up, especially after the expansion of visa free 'friend circles', more tourists come to China for tourism, which has also driven domestic consumption. ”Sheng Laiyun, Deputy Director of the National Bureau of Statistics, said. Consumption is the "main engine" of economic growth and also the "barometer" of people's happiness. Recently, a "trade in" household air conditioner sent from Zhongshan, Guangdong to Changzhou, Jiangsu became the 100 billionth express delivery of the year. Compared with last year, the faster birth of billions of items highlights the continuous expansion of China's consumer market and the continuous increase in e-commerce penetration rate. Each 'small package' witnesses the enormous market potential and the strong momentum of China's economic 'main engine'. The Chinese market, with a population of over 1.4 billion, is like a deep sea with infinite potential. Since the beginning of this year, driven by policies to expand domestic demand and promote consumption, the popularity of "trendy economy", "debut economy", "China tourism" and "China shopping" has increased. In the first half of the year, the contribution rate of domestic demand to GDP growth was 68.8%, of which the contribution rate of final consumption expenditure was 52%. The highlights of this sea are diverse and remarkable. A thousand strokes and ten thousand strikes still remain strong, allowing the wind to blow in all directions. Since the beginning of this year, despite the complex and ever-changing international environment, the heavy blow to the international economic and trade order, and the increase in instability and uncertainty, the national economy has been moving forward under pressure and operating steadily. The main indicators have been better than expected, and high-quality development has been solidly promoted... Sheng Laiyun firmly said that this is a highly valuable report card, and the main tone of "stable" economic operation has not changed. The roots of innovation are deeper. Look, this new energy vehicle can turn around and move horizontally in place, and the movements are too 'smooth'. ”At the recently held 3rd China International Supply Chain Promotion Expo, various "cutting-edge" products such as intelligent cars and robots were showcased, showcasing their innovative style. A grand event is like a "window" that allows people to witness the development and future of various industries. Beating drums to urge steady sailing, moving forward regardless of wind or rain. The stability of the Chinese economy lies in the solid foundation of the real economy, and the acceleration of the development of new quality productivity is the key to progress. In Jiaxing, Zhejiang, tower cranes are waving steel booms, and the construction of intelligent manufacturing equipment projects is in a heat wave. Stable investment and innovative planning have further enhanced the competitiveness and resilience of the industrial and supply chains. The policy wind is blowing towards us, and there is great potential for innovative development. We have full confidence in China's economic development. ”Liao Wangsheng, the technical manager of a local automation equipment enterprise, said. Towards new and steadfast actions, gathering momentum and soaring. Look, the transformation of automobiles towards electrification, intelligence, and networking is accelerating, and the vitality of the industry continues to be released. In the first half of the year, China's automobile production and sales exceeded 15 million units for the first time, achieving double-digit growth year-on-year. Among them, the production and sales of new energy vehicles were 6.968 million and 6.937 million respectively, an increase of 41.4% and 40.3% year-on-year. The sales of new energy vehicles accounted for 44.3% of the total sales of new cars. Look, humanoid robots have walked out of the laboratory and started a half marathon. They can not only run, shoot, and play soccer, but also showcase their skills in educational research, instructional services, industrial inspections, and other scenarios. In the first half of the year, the growth rate of the robotics industry was very fast, and the trend of technological development was very obvious. Because of good policies and soil, everyone has more confidence in investing in research and development, production, and creating more future oriented new products and technologies. ”Wang Xingxing, founder and CEO of Hangzhou Yushu Technology Co., Ltd., said. Moving towards novelty, the roots of innovation are rooted deeper. In the first half of the year, the added value of high-technology manufacturing above designated size increased by 9.5%. The "New Three Kinds" represented by new energy vehicles, lithium batteries and photovoltaic products continued to maintain a high growth rate. Emerging industries flourished. Traditional industries actively embraced "Internet plus", "AI+" and "digital+", and the pace of transformation and upgrading accelerated... "Going with China is going with opportunities", "Going with China is going with opportunities. Believing in China is believing in tomorrow, and investing in China is investing in the future. ”On July 20th, the closing day of the 3rd Chain Expo, 102 Chinese and foreign enterprises and institutions signed their intentions to participate in the 4th Chain Expo on site. Market is synonymous with opportunities. Nowadays, more and more leaders of foreign-funded enterprises are optimistic about the Chinese market and look forward to sharing the new opportunities brought by the high-quality development of the Chinese economy. In April, the National Development and Reform Commission, the Ministry of Commerce, and the State Administration for Market Regulation jointly released the "Negative List for Market Access (2025 Edition)", which reduced the number of items on the new list from 117 in the 2022 edition to 106; At the same time, we will jointly carry out actions to clean up and rectify market access barriers, and further vigorously break down market access barriers. In July, the National Development and Reform Commission, the Ministry of Finance and other departments jointly issued the "Notice on Implementing Several Measures to Encourage Foreign Invested Enterprises to Reinvest in China", promoting the sustained and long-term development of foreign-funded enterprises in the Chinese market... With the strong support of policies, China, the world's most promising large market, is continuously bursting with new vitality, becoming a "source of stability" for promoting the world economy and a "gravitational field" for sharing development opportunities. As of the end of May, there were 185 million private economic organizations in China, accounting for 96.76% of the total number of operating entities; In the first five months, 24018 foreign-invested enterprises were newly established nationwide, a year-on-year increase of 10.4%. China remains a fertile ground for foreign-invested enterprises to invest and develop. The relevant person in charge of the National Development and Reform Commission stated that China has a middle-income group of over 400 million people and the most complete industrial system in the world. As China opens its doors wider and wider, the development of new quality productivity accelerates, and the advantages of a super large market will continue to emerge. This is also a strong confidence for China's economy to cope with changes and explore new opportunities. Although there is still a lot of uncertainty in the external environment and significant pressure for internal structural adjustment, overall judgment shows that there is support for China's economy to maintain stable growth in the second half of the year, "said Sheng Laiyun. The end of the 14th Five Year Plan is approaching, and preparations for the 15th Five Year Plan are underway. Riding the wind and waves, moving forward courageously, the Chinese economic giant will surely sail towards a brighter future on the path of high-quality development, bringing more new opportunities and vitality to the world's development. (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:GMW.cn

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