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Press Conference on China H1 2022 Economic Performance
#Finance#Free Reading
Uploading Date: 2022-07-26 11:25:05

On July 15, 2022, National Bureau of Statistics (NBS), State Council Information Office (SCIO) held a press conference on H1 2022 economic performance of China. 


The main contents of the conference are summarized as follows:

  • all sectors steadily recovering despite difficult external factors 

  • GDP reached C¥56.26 tn, up 2.5 percent y-o-y

    • first industry added value reached C¥2.91 tn, up 5.0 percent y-o-y

    • second industry added value reached C¥22.86 tn, up 3.2 percent y-o-y

    • third industry added value reached C¥30.49 tn, up 1.8 percent y-o-y

  • good harvest in the summer, with husbandry growing steadily

  • industry recovering steadily with rapid growth in mid and high-end manufacturing 

    • total value-added of the service industry, up 1.8 percent y-o-y

  • service industry gradually recovering, with rapid growth in the modern service industry

    • total value-added of industrial enterprises above designated size, up 3.4 percent y-o-y

  • market sales improved slightly, with live goods retail growing rapidly

    • retail sales of consumer goods reached C¥21.04 tn, down 0.7 percent y-o-y

  •  investments in fixed assets expanding, with rapid growth in investment in high tech and social fields

  • imports and exports continued to grow rapidly as trade is optimised

    • imports: C¥11.14 tn, up 13.2 percent y-o-y

    • exports: C¥8.66 tn, up 4.8 percent y-o-y

    • overall import and export: C¥19.80 tn, 9.4 percent growth y-o-y

  • consumer price growing moderately, with a decreasing growth rate in producer price for industrial products

    • consumer price index grew 1.7 percent y-o-y

  • employment expanded, with urban unemployment rate dropping slightly

    • over 6.54 million individuals found jobs in urban areas

    • 5.7 percent urban unemployment rate

  • disposable and discretionary income growing steadily, with a shrinking in urban and rural residents' income gap

    • disposable and discretionary income is C¥18,463, up nominally 4.7 percent, a real increase of 3.0 percent

For the original news link, please visit: 

www.scio.gov.cn/xwfbh/xwbfbh/wqfbh/47673/48528/wz48530/Document/1727158/1727158.htm


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