Spokesman Lin Jian stressed that the Chinese economy has great resilience, significant potential and robust dynamism.
The trend of stable and long-term development has not changed, nor has the momentum towards high-quality development and the direction of further opening up to the outside world,’ he said.
Lin stressed that the achievements made during the first half of the year, together with continued deep reform, provide the confidence and conditions necessary to improve the quality and reasonable growth of the national economy.
He also noted that in the first semester of 2024, China’s main macroeconomic indicators showed a general trend of stability and progress.
According to official figures, the Gross Domestic Product (GDP) exceeded 60 trillion yuan, with a year-on-year growth of 5 percent.
The secondary and tertiary sectors grew by 5.8 and 4.6 percent year-on-year, respectively, while the total value of imports and exports of goods reached 21.2 trillion yuan, an all-time high for the same period.
On the other hand, the per capita disposable income of residents increased by 5.3 percent year-on-year in real terms.
‘Looking at these figures, I am sure we all share the same impression: China’s economy has delivered a remarkable ‘half-year report,’ demonstrating its role as a ‘stabilizer’ and a ‘source of dynamism’ in an increasingly uncertain and volatile global economy,’ Lin Jian emphasized.
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