The stable economic growth in the second half of the year is supported

Sheng Laiyun said that judging from the situation in the second half of the year, although there are still many uncertainties in the external environment and the pressure of internal structural adjustment is relatively large, it is generally believed that China's economy will maintain stable growth in the second half of the year.

The steady and progressive development trend and achievements of the economy in the first half of the year have laid a good foundation for achieving the annual target. In the first half of the year, China's economy withstood the pressure, maintained stable growth, and maintained a stable and progressive development trend, which fully demonstrated the pressure resistance and strong resilience of the Chinese economy. This development trend will be maintained. In the first half of the year, GDP growth has reached 5.3%, laying a solid foundation for achieving the expected goals.

The general trend and practice of high-quality development over the years have gathered consensus, accumulated new momentum, promoted economic rebalancing, and improved the ability of economic sustainable development. From the perspective of production, after years of transformation, the service industry has increased its contribution to economic growth. Among the three industries, the added value of the service industry accounted for 59.1% of GDP in the first half of the year, and its contribution to GDP growth exceeded 60%. Judging from the leading indicators in recent months, the service industry prosperity index has remained in the expansion range of more than 50%, which means that the service industry has a good development momentum, and the industries that account for a large proportion of economic growth will maintain a good development momentum.

From the perspective of demand, consumption is the "ballast stone" and main driving force of economic growth. The consumer market tended to be active in the first half of the year, and will continue to develop well in the second half of the year under the promotion of consumption policies, and its "ballast stone" role in economic growth will continue to manifest. From the perspective of exports, my country has implemented diversified opening up to the outside world and built a diversified trade pattern, and its trade dependence on a single country has dropped to single digits. In the first half of the year, my country's imports and exports grew by 2.9%, which was achieved under the huge external impact in the second quarter, showing the resilience of trade. From the perspective of the development of new momentum, new momentum continues to grow, and new industries, new formats and new models maintain a relatively fast growth rate.

The coordinated efforts of macroeconomic policies will escort the stable operation of the economy. Since the beginning of this year, my country has implemented more active and effective macroeconomic policies and played a bottoming role. In accordance with the requirements of the central government, relevant departments have recently accelerated the introduction of policies in the second half of the year, which will continue to play a key supporting role in the stable operation of the economy. At the same time, relevant departments also stated that China's policy "toolbox" is rich, and policy reserves are also being strengthened, which will be launched in a timely manner according to market changes.

Based on the above supporting factors, it is judged that China's economy will continue to maintain a stable and positive development trend in the second half of the year, which is also the reason why many international institutions and investment banks have optimistic expectations for China's economy.

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