The overall stable and steady operation of the national economy in the first half of the year-Shanghai Metals Market

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The overall stable and steady operation of the national economy in the first half of the year

Translation 10:26:14AM Jul 15, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

In the first half of the year, in the face of the complicated international and domestic situation, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all localities and departments conscientiously implemented the decision-making arrangements of the CPC Central Committee and the State Council, adhered to the general tone of seeking progress in stability, adhered to the new concept of development, persisted in promoting high-quality development, adhered to supply-side structural reform as the main line, deepened reform and opening up, and paid close attention to the implementation of the "six stability" work. The economic operation will continue to be maintained within a reasonable range, and the overall trend of steady and steady development will be continued.

According to the preliminary calculation, the gross domestic product (GDP) in the first half of the year was 45.0933 trillion yuan, an increase of 6.3 per cent over the same period last year in terms of comparable prices. On a quarterly basis, it rose 6.4% in the first quarter from a year earlier and 6.2% in the second quarter. In terms of industry, the added value of the primary industry was 2.3207 trillion yuan, an increase of 3.0 percent over the same period last year; the added value of the secondary industry was 17.9984 trillion yuan, an increase of 5.8 percent; and the added value of the tertiary industry was 24.7743 trillion yuan, an increase of 7.0 percent.

1. The situation of agricultural production is relatively good, and the summer grain harvest has been bumper again.

In the first half of the year, the added value of the planting industry increased by 3.9 percent over the same period last year, 0.5 percentage points lower than in the first quarter. The country's total output of summer grain was 141.74 million tons, an increase of 2.93 million tons, or 2.1 percent, over the previous year, unchanged from an all-time high year (2017). The agricultural planting structure was continuously optimized, and the sown area of cotton and soybean increased. In the first half of the year, poultry egg production increased by 3.6 per cent compared with the same period last year, milk production increased by 1.7 per cent, and pig, beef, mutton and poultry production increased by 2.4 per cent, 1.5 per cent and 5.6 per cent, respectively. pork production fell 5.5 per cent.

II. Industrial production is basically stable, and the proportion of high-tech manufacturing industry has increased

In the first half of the year, the added value of industries above the national scale increased by 6.0 percent over the same period last year, 0.5 percentage points lower than in the first quarter. In June, the added value of industries above the national scale increased by 6.3 percent over the same period last year, 1.3 percentage points faster than in May, and 0.68 percent higher than the previous month. In the first half of the year, according to economic types, the added value of state-owned holding enterprises increased by 5.0% over the same period last year, joint-stock enterprises increased by 7.3%, and foreign investors and enterprises invested by Hong Kong, Macao and Taiwan increased by 1.4%. In three categories, the added value of the mining industry increased by 3.5% compared with the same period last year, the manufacturing sector increased by 6.4%, and the electricity, heat, gas and water production and supply sectors increased by 7.3%. The added value of strategic emerging industries increased by 7.7 percent over the same period last year, 1.7 percentage points faster than that of industries above scale. The added value of the high-tech manufacturing industry increased by 9.0 percent over the same period last year, 3.0 percentage points faster than that of industries above scale, accounting for 13.8 percent of all industries above scale, an increase of 0.8 percentage points over the same period last year. The production of new energy vehicles and solar cells increased by 34.6% and 20.1% respectively compared with the same period last year.

From January to May, the total profits of industrial enterprises above scale nationwide totaled 2.379 trillion yuan, down 2.3 percent from the same period last year, a decrease of 1.1 percentage points from January to April. Among them, the profits of industrial enterprises above size rose 1.1 percent in May, compared with 3.7 percent in April from a year earlier. The operating income profit margin of industrial enterprises above size was 5.72%, 0.2 percentage points higher than in January-April.

III. Rapid growth of the service industry and better development of the modern service industry

In the first half of the year, the service industry continued to maintain a good momentum of development. The added value of information transmission, software and information technology services, rental and business services, transportation, warehousing and postal services increased by 20.6%, 7.8%, 7.3% and 7.3% respectively over the same period last year, faster than the tertiary sector by 13.6%, 0.8%, 0.3% and 0.3%, respectively. In the first half of the year, the national service industry production index rose 7.3 percent from a year earlier, down 0.1 percentage points from the first quarter, with an increase of 7.1 percent in June, 0.1 percentage points faster than in May. In June, the index of business activity in the service sector remained above the line of prosperity and decline, at 53.4%. The expected index of business activities in the service industry is 60.3%, which is at a high level.

From January to May, the operating income of enterprises in the service industry above scale increased by 10.1 percent over the same period last year, 0.3 percentage points faster than from January to April; among them, the operating income of strategic emerging services, high-tech services, and science and technology services increased by 12.5 percent, 12.3 percent, and 12.0 percent, respectively. the growth rate was 2.4 percentage points, 2.2 percentage points and 1.9 percentage points, respectively, and maintained rapid growth.

IV. Market sales have risen steadily, and the growth rate and proportion of online retail sales have continued to increase.

In the first half of the year, retail sales of consumer goods totaled 19.521 trillion yuan, an increase of 8.4 percent over the same period last year, 0.1 percentage points faster than in the first quarter. In June, retail sales of consumer goods totaled 3.3878 trillion yuan, up 8.8 percent from a year earlier, 1.2 percentage points faster than the previous month and 0.96 percent higher than the previous month. In the first half of the year, retail sales of consumer goods in cities and towns totaled 16.6924 trillion yuan, an increase of 8.3 percent over the same period last year, while retail sales of consumer goods in rural areas totaled 2.8286 trillion yuan, an increase of 9.1 percent. According to the type of consumption, catering income was 2.1279 trillion yuan, up 9.4 percent, and retail sales was 17.393 trillion yuan, up 8.3 percent. Sales of consumer upgrading commodities grew rapidly, with cosmetic categories above the quota increasing by 13.2 percent over the same period last year, a growth rate of 4.8 percentage points faster than the total retail sales of consumer goods.

In the first half of the year, the country's online retail sales totaled 4.8161 trillion yuan, an increase of 17.8 percent over the same period last year, an increase of 2.5 percentage points over the first quarter. Of this total, online retail sales of physical goods totaled 3.8165 trillion yuan, an increase of 21.6 percent, accounting for 19.6 percent of the total retail sales of consumer goods, an increase of 1.4 percentage points over the first quarter.

V. Investment growth is basically stable, and investment in high-tech industries is growing rapidly.

In the first half of the year, national fixed asset investment (excluding farmers) totaled 29.91 trillion yuan, an increase of 5.8 percent over the same period last year, 0.2 percentage points faster than in January-May and 0.5 percentage points lower than in the first quarter. Of this total, private investment was 18.0289 trillion yuan, an increase of 5.7 per cent. In terms of industry, investment in the primary industry decreased by 0.6%; investment in the secondary industry increased by 2.9%, of which investment in the manufacturing industry increased by 3.0%; and investment in the tertiary industry increased by 7.4%, of which infrastructure investment increased by 4.1%. Investment in high-tech manufacturing increased by 10.4 percent over the same period last year, 4.6 percentage points faster than all investment, and investment in high-tech services increased by 13.5 percent, 7.7 percentage points faster than all investment. On a month-on-month basis, fixed asset investment (excluding farmers) increased by 0.44% in June.

In the first half of the year, investment in real estate development nationwide totaled 6.1609 trillion yuan, an increase of 10.9 percent over the same period last year, and the growth rate was 0.9 percentage points lower than that in the first quarter. National commercial housing sales area of 757.86 million square meters, down 1.8% from the same period last year; national commercial housing sales of 7.0698 trillion yuan, an increase of 5.6%, the growth rate was the same as in the first quarter.

VI. The growth rate of imports and exports has increased slightly, and the trade structure has continued to be optimized.

In the first half of the year, the total volume of imports and exports of goods was 14.6675 trillion yuan, an increase of 3.9 percent over the same period last year, 0.2 percentage points faster than in the first quarter. Of this total, exports totaled 7.9521 trillion yuan, up 6.1 percent, and imports totaled 6.7155 trillion yuan, up 1.4 percent. Imports and exports were offset by a surplus of 1.2366 trillion yuan, an increase of 41.6 percent over the same period last year. The trade pattern structure was further optimized, with general trade imports and exports increasing by 5.5 percent, accounting for 59.9 percent of the total import and export volume, an increase of 0.9 percentage points over the same period last year, and the export of mechanical and electrical products increased by 5.3 percent, accounting for 58.2 percent of the total export volume. The import and export of private enterprises increased by 11.0%, accounting for 41.7% of the total import and export volume, an increase of 2.7 percentage points over the same period last year. In June, imports and exports totaled 2.5619 trillion yuan, an increase of 3.2 per cent over the same period last year. Of this total, exports totaled 1.4535 trillion yuan, up 6.1 percent, while imports totaled 1.1083 trillion yuan, down 0.4 percent.

In the first half of the year, industrial enterprises above scale achieved an export delivery value of 5.8361 trillion yuan, an increase of 4.2 per cent over the same period last year. In June, industrial enterprises above size achieved an export delivery value of 1.0555 trillion yuan, an increase of 1.9 percent, 1.2 percentage points faster than in May.

VII. Consumer prices have risen moderately, and industrial producer prices have been basically stable

In the first half of the year, consumer prices rose 2.2 percent year on year, 0.4 percentage points higher than in the first quarter. Of this total, both urban and rural areas rose 2.2 per cent. In terms of categories, the prices of food, tobacco and alcohol rose 3.9%, clothing 1.8%, housing 2.0%, daily necessities and services 1.1%, transportation and communications 1.0%, education, culture and entertainment 2.5%, health care 2.6%, and other goods and services 2.2%. The price of tobacco and alcohol rose 3.9%, clothing 1.8%, housing 2.0%, daily necessities and services 1.1%, transportation and communications 1.0%, education, culture and entertainment 2.5%, health care 2.6% and other goods and services 2.2%. Among food, tobacco and alcohol prices, food prices rose 0.5%, pork prices rose 7.7%, and fresh vegetable prices rose 9.2%. Excluding food and energy prices, core CPI rose 1.8% from a year earlier, down 0.1% from the first quarter. Consumer prices rose 2.7 per cent in June from a year earlier, the same increase as the previous month, and fell 0.1 per cent from the previous month.

In the first half of the year, the ex-factory prices of industrial producers rose 0.3 percent over the same period last year, an increase of 0.1 percentage points over the first quarter. In June, factory prices for industrial producers across the country were flat from a year earlier, down 0.3 percent from the previous month. In the first half of the year, the purchase prices of industrial producers nationwide rose 0.1 percent year on year, the same increase as in the first quarter. In June, the purchase prices of industrial producers nationwide fell 0.3 percent from a year earlier and 0.1 percent from the previous month.

VIII. The overall employment situation is stable, and the number of migrant workers in rural areas continues to increase.

In the first half of the year, 7.37 million new jobs were created in cities and towns, 67 per cent of the target for the whole year. In June, the unemployment rate of the national urban survey was 5.1 percent, up 0.1 percentage points from the previous month. Among them, the unemployment rate of the 25-59-year-old population survey was 4.6 percent, which was lower than the national urban survey unemployment rate of 0.5 percentage points. The unemployment rate in 31 major cities and towns was 5.0%, the same as last month. In June, the average weekly working hours of employees in enterprises across the country was 45.7 hours. At the end of the second quarter, the total number of migrant workers in rural areas was 182.48 million, an increase of 2.26 million over the same period last year, an increase of 1.3 percent, and the growth rate was 0.1 percentage points faster than that in the first quarter.

9. Residents' income is growing faster than economic growth, and the ratio of urban and rural income continues to shrink.

In the first half of the year, the per capita disposable income of residents nationwide was 15294 yuan, an increase of 8.8 percent in nominal terms over the same period last year, 0.1 percentage points higher than in the first quarter, and 6.5 percent in real terms, excluding price factors, 0.2 percentage points higher than economic growth. According to the place of permanent residence, the per capita disposable income of urban residents was 21342 yuan, an increase of 5.7 percent in real terms, and the per capita disposable income of rural residents was 7778 yuan, an increase of 6.6 percent in real terms. The per capita disposable income ratio of urban and rural residents was 2.74, 0.03 less than the same period last year. The median per capita disposable income of residents nationwide was 13281 yuan, an increase of 9.0 per cent in nominal terms over the same period last year.

X. supply-side structural reform has been carried out in depth, and the economic structure has been continuously optimized.

The achievements of "three go, one reduction and one replenishment" have been consolidated. In the second quarter, the utilization rate of industrial capacity in China was 76.4 percent, 0.5 percentage points higher than in the first quarter and 1 percentage point higher than the average since 2013. Among them, the capacity utilization rate of non-metallic mineral products industry, ferrous metal smelting and Calendering industry, non-ferrous metal smelting and Calendering industry increased by 3.4%, 1.7% and 1.7%, respectively. At the end of June, the area of commercial housing for sale nationwide was 501.62 million square meters, down 7.66 million square meters from the end of last month and 8.9 per cent lower than the same period last year. At the end of May, the asset-liability ratio of industrial enterprises above size was 56.8%, down 0.6 percentage points from the same period last year. In the first half of the year, investment in ecological protection, environmental management, education and other short board areas increased by 48.0% and 18.9% respectively over the same period last year, 42.2% and 13.1% faster than all investment, respectively.

The three major offensive battles continued to advance. At the end of May, the balance of local government debt was 19.8953 trillion yuan, within the limit approved by the National people's Congress. Accurate poverty alleviation has been effective, and the per capita disposable income of rural residents in poor areas has maintained a rapid growth. The effectiveness of pollution prevention and control continues to show. According to preliminary accounting, in the first half of the year, the proportion of natural gas, hydropower, nuclear power, wind power and other clean energy consumption in the total energy consumption increased by 1.6 percentage points over the same period last year, and energy consumption per unit of gross domestic product decreased by 2.7 percent compared with the same period last year.

The economic structure continues to be optimized. In the first half of the year, the added value of the tertiary industry accounted for 54.9 percent of GDP, 0.5 percentage points higher than that of the same period last year and 15.0 percentage points higher than that of the secondary industry. The contribution rate of tertiary industry growth to GDP growth was 60.3 percent, which was higher than that of the secondary industry by 23.2 percentage points. Strategic emerging industries and high-tech industries in industries above scale maintained rapid growth. The contribution of the growth of final consumer expenditure to economic growth was 60.1%. Of the final consumer expenditure of all residents, service consumption accounted for 49.4 percent, an increase of 0.6 percentage points over the same period last year. A series of major regional strategies, such as the coordinated development of Beijing, Tianjin and Hebei, the Yangtze River economic belt, Guangdong-Hong Kong-Macau Greater Bay Area and the integration of the Yangtze River Delta, have been steadily promoted, and a new pattern of vertical and horizontal development of east, west, north and south is taking shape.

Generally speaking, the operation of the national economy in the first half of the year was within a reasonable range, continuing the overall steady and steady development trend. However, it should also be noted that the current economic situation at home and abroad is still complex and grim, global economic growth has slowed down, external instability and uncertainties have increased, the problem of unbalanced and inadequate domestic development is still prominent, and the economy is facing new downward pressure. Next, under the guidance of Xi Jinping's thought of socialism with Chinese characteristics in the new era, we should conscientiously implement the decisions and arrangements of the CPC Central Committee and the State Council, adhere to the general tone of the work of seeking progress in stability, and adhere to the supply-side structural reform as the main line. in accordance with the requirements of high-quality development, deepen reform and opening up, optimize the business environment, promote independent innovation in key areas, fully mobilize the enthusiasm of all parties, and pay close attention to the implementation of the "six stability" policy. We will promote the steady and healthy development of the economy.

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Key Words:  The economy  the market 

The overall stable and steady operation of the national economy in the first half of the year

Translation 10:26:14AM Jul 15, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

In the first half of the year, in the face of the complicated international and domestic situation, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all localities and departments conscientiously implemented the decision-making arrangements of the CPC Central Committee and the State Council, adhered to the general tone of seeking progress in stability, adhered to the new concept of development, persisted in promoting high-quality development, adhered to supply-side structural reform as the main line, deepened reform and opening up, and paid close attention to the implementation of the "six stability" work. The economic operation will continue to be maintained within a reasonable range, and the overall trend of steady and steady development will be continued.

According to the preliminary calculation, the gross domestic product (GDP) in the first half of the year was 45.0933 trillion yuan, an increase of 6.3 per cent over the same period last year in terms of comparable prices. On a quarterly basis, it rose 6.4% in the first quarter from a year earlier and 6.2% in the second quarter. In terms of industry, the added value of the primary industry was 2.3207 trillion yuan, an increase of 3.0 percent over the same period last year; the added value of the secondary industry was 17.9984 trillion yuan, an increase of 5.8 percent; and the added value of the tertiary industry was 24.7743 trillion yuan, an increase of 7.0 percent.

1. The situation of agricultural production is relatively good, and the summer grain harvest has been bumper again.

In the first half of the year, the added value of the planting industry increased by 3.9 percent over the same period last year, 0.5 percentage points lower than in the first quarter. The country's total output of summer grain was 141.74 million tons, an increase of 2.93 million tons, or 2.1 percent, over the previous year, unchanged from an all-time high year (2017). The agricultural planting structure was continuously optimized, and the sown area of cotton and soybean increased. In the first half of the year, poultry egg production increased by 3.6 per cent compared with the same period last year, milk production increased by 1.7 per cent, and pig, beef, mutton and poultry production increased by 2.4 per cent, 1.5 per cent and 5.6 per cent, respectively. pork production fell 5.5 per cent.

II. Industrial production is basically stable, and the proportion of high-tech manufacturing industry has increased

In the first half of the year, the added value of industries above the national scale increased by 6.0 percent over the same period last year, 0.5 percentage points lower than in the first quarter. In June, the added value of industries above the national scale increased by 6.3 percent over the same period last year, 1.3 percentage points faster than in May, and 0.68 percent higher than the previous month. In the first half of the year, according to economic types, the added value of state-owned holding enterprises increased by 5.0% over the same period last year, joint-stock enterprises increased by 7.3%, and foreign investors and enterprises invested by Hong Kong, Macao and Taiwan increased by 1.4%. In three categories, the added value of the mining industry increased by 3.5% compared with the same period last year, the manufacturing sector increased by 6.4%, and the electricity, heat, gas and water production and supply sectors increased by 7.3%. The added value of strategic emerging industries increased by 7.7 percent over the same period last year, 1.7 percentage points faster than that of industries above scale. The added value of the high-tech manufacturing industry increased by 9.0 percent over the same period last year, 3.0 percentage points faster than that of industries above scale, accounting for 13.8 percent of all industries above scale, an increase of 0.8 percentage points over the same period last year. The production of new energy vehicles and solar cells increased by 34.6% and 20.1% respectively compared with the same period last year.

From January to May, the total profits of industrial enterprises above scale nationwide totaled 2.379 trillion yuan, down 2.3 percent from the same period last year, a decrease of 1.1 percentage points from January to April. Among them, the profits of industrial enterprises above size rose 1.1 percent in May, compared with 3.7 percent in April from a year earlier. The operating income profit margin of industrial enterprises above size was 5.72%, 0.2 percentage points higher than in January-April.

III. Rapid growth of the service industry and better development of the modern service industry

In the first half of the year, the service industry continued to maintain a good momentum of development. The added value of information transmission, software and information technology services, rental and business services, transportation, warehousing and postal services increased by 20.6%, 7.8%, 7.3% and 7.3% respectively over the same period last year, faster than the tertiary sector by 13.6%, 0.8%, 0.3% and 0.3%, respectively. In the first half of the year, the national service industry production index rose 7.3 percent from a year earlier, down 0.1 percentage points from the first quarter, with an increase of 7.1 percent in June, 0.1 percentage points faster than in May. In June, the index of business activity in the service sector remained above the line of prosperity and decline, at 53.4%. The expected index of business activities in the service industry is 60.3%, which is at a high level.

From January to May, the operating income of enterprises in the service industry above scale increased by 10.1 percent over the same period last year, 0.3 percentage points faster than from January to April; among them, the operating income of strategic emerging services, high-tech services, and science and technology services increased by 12.5 percent, 12.3 percent, and 12.0 percent, respectively. the growth rate was 2.4 percentage points, 2.2 percentage points and 1.9 percentage points, respectively, and maintained rapid growth.

IV. Market sales have risen steadily, and the growth rate and proportion of online retail sales have continued to increase.

In the first half of the year, retail sales of consumer goods totaled 19.521 trillion yuan, an increase of 8.4 percent over the same period last year, 0.1 percentage points faster than in the first quarter. In June, retail sales of consumer goods totaled 3.3878 trillion yuan, up 8.8 percent from a year earlier, 1.2 percentage points faster than the previous month and 0.96 percent higher than the previous month. In the first half of the year, retail sales of consumer goods in cities and towns totaled 16.6924 trillion yuan, an increase of 8.3 percent over the same period last year, while retail sales of consumer goods in rural areas totaled 2.8286 trillion yuan, an increase of 9.1 percent. According to the type of consumption, catering income was 2.1279 trillion yuan, up 9.4 percent, and retail sales was 17.393 trillion yuan, up 8.3 percent. Sales of consumer upgrading commodities grew rapidly, with cosmetic categories above the quota increasing by 13.2 percent over the same period last year, a growth rate of 4.8 percentage points faster than the total retail sales of consumer goods.

In the first half of the year, the country's online retail sales totaled 4.8161 trillion yuan, an increase of 17.8 percent over the same period last year, an increase of 2.5 percentage points over the first quarter. Of this total, online retail sales of physical goods totaled 3.8165 trillion yuan, an increase of 21.6 percent, accounting for 19.6 percent of the total retail sales of consumer goods, an increase of 1.4 percentage points over the first quarter.

V. Investment growth is basically stable, and investment in high-tech industries is growing rapidly.

In the first half of the year, national fixed asset investment (excluding farmers) totaled 29.91 trillion yuan, an increase of 5.8 percent over the same period last year, 0.2 percentage points faster than in January-May and 0.5 percentage points lower than in the first quarter. Of this total, private investment was 18.0289 trillion yuan, an increase of 5.7 per cent. In terms of industry, investment in the primary industry decreased by 0.6%; investment in the secondary industry increased by 2.9%, of which investment in the manufacturing industry increased by 3.0%; and investment in the tertiary industry increased by 7.4%, of which infrastructure investment increased by 4.1%. Investment in high-tech manufacturing increased by 10.4 percent over the same period last year, 4.6 percentage points faster than all investment, and investment in high-tech services increased by 13.5 percent, 7.7 percentage points faster than all investment. On a month-on-month basis, fixed asset investment (excluding farmers) increased by 0.44% in June.

In the first half of the year, investment in real estate development nationwide totaled 6.1609 trillion yuan, an increase of 10.9 percent over the same period last year, and the growth rate was 0.9 percentage points lower than that in the first quarter. National commercial housing sales area of 757.86 million square meters, down 1.8% from the same period last year; national commercial housing sales of 7.0698 trillion yuan, an increase of 5.6%, the growth rate was the same as in the first quarter.

VI. The growth rate of imports and exports has increased slightly, and the trade structure has continued to be optimized.

In the first half of the year, the total volume of imports and exports of goods was 14.6675 trillion yuan, an increase of 3.9 percent over the same period last year, 0.2 percentage points faster than in the first quarter. Of this total, exports totaled 7.9521 trillion yuan, up 6.1 percent, and imports totaled 6.7155 trillion yuan, up 1.4 percent. Imports and exports were offset by a surplus of 1.2366 trillion yuan, an increase of 41.6 percent over the same period last year. The trade pattern structure was further optimized, with general trade imports and exports increasing by 5.5 percent, accounting for 59.9 percent of the total import and export volume, an increase of 0.9 percentage points over the same period last year, and the export of mechanical and electrical products increased by 5.3 percent, accounting for 58.2 percent of the total export volume. The import and export of private enterprises increased by 11.0%, accounting for 41.7% of the total import and export volume, an increase of 2.7 percentage points over the same period last year. In June, imports and exports totaled 2.5619 trillion yuan, an increase of 3.2 per cent over the same period last year. Of this total, exports totaled 1.4535 trillion yuan, up 6.1 percent, while imports totaled 1.1083 trillion yuan, down 0.4 percent.

In the first half of the year, industrial enterprises above scale achieved an export delivery value of 5.8361 trillion yuan, an increase of 4.2 per cent over the same period last year. In June, industrial enterprises above size achieved an export delivery value of 1.0555 trillion yuan, an increase of 1.9 percent, 1.2 percentage points faster than in May.

VII. Consumer prices have risen moderately, and industrial producer prices have been basically stable

In the first half of the year, consumer prices rose 2.2 percent year on year, 0.4 percentage points higher than in the first quarter. Of this total, both urban and rural areas rose 2.2 per cent. In terms of categories, the prices of food, tobacco and alcohol rose 3.9%, clothing 1.8%, housing 2.0%, daily necessities and services 1.1%, transportation and communications 1.0%, education, culture and entertainment 2.5%, health care 2.6%, and other goods and services 2.2%. The price of tobacco and alcohol rose 3.9%, clothing 1.8%, housing 2.0%, daily necessities and services 1.1%, transportation and communications 1.0%, education, culture and entertainment 2.5%, health care 2.6% and other goods and services 2.2%. Among food, tobacco and alcohol prices, food prices rose 0.5%, pork prices rose 7.7%, and fresh vegetable prices rose 9.2%. Excluding food and energy prices, core CPI rose 1.8% from a year earlier, down 0.1% from the first quarter. Consumer prices rose 2.7 per cent in June from a year earlier, the same increase as the previous month, and fell 0.1 per cent from the previous month.

In the first half of the year, the ex-factory prices of industrial producers rose 0.3 percent over the same period last year, an increase of 0.1 percentage points over the first quarter. In June, factory prices for industrial producers across the country were flat from a year earlier, down 0.3 percent from the previous month. In the first half of the year, the purchase prices of industrial producers nationwide rose 0.1 percent year on year, the same increase as in the first quarter. In June, the purchase prices of industrial producers nationwide fell 0.3 percent from a year earlier and 0.1 percent from the previous month.

VIII. The overall employment situation is stable, and the number of migrant workers in rural areas continues to increase.

In the first half of the year, 7.37 million new jobs were created in cities and towns, 67 per cent of the target for the whole year. In June, the unemployment rate of the national urban survey was 5.1 percent, up 0.1 percentage points from the previous month. Among them, the unemployment rate of the 25-59-year-old population survey was 4.6 percent, which was lower than the national urban survey unemployment rate of 0.5 percentage points. The unemployment rate in 31 major cities and towns was 5.0%, the same as last month. In June, the average weekly working hours of employees in enterprises across the country was 45.7 hours. At the end of the second quarter, the total number of migrant workers in rural areas was 182.48 million, an increase of 2.26 million over the same period last year, an increase of 1.3 percent, and the growth rate was 0.1 percentage points faster than that in the first quarter.

9. Residents' income is growing faster than economic growth, and the ratio of urban and rural income continues to shrink.

In the first half of the year, the per capita disposable income of residents nationwide was 15294 yuan, an increase of 8.8 percent in nominal terms over the same period last year, 0.1 percentage points higher than in the first quarter, and 6.5 percent in real terms, excluding price factors, 0.2 percentage points higher than economic growth. According to the place of permanent residence, the per capita disposable income of urban residents was 21342 yuan, an increase of 5.7 percent in real terms, and the per capita disposable income of rural residents was 7778 yuan, an increase of 6.6 percent in real terms. The per capita disposable income ratio of urban and rural residents was 2.74, 0.03 less than the same period last year. The median per capita disposable income of residents nationwide was 13281 yuan, an increase of 9.0 per cent in nominal terms over the same period last year.

X. supply-side structural reform has been carried out in depth, and the economic structure has been continuously optimized.

The achievements of "three go, one reduction and one replenishment" have been consolidated. In the second quarter, the utilization rate of industrial capacity in China was 76.4 percent, 0.5 percentage points higher than in the first quarter and 1 percentage point higher than the average since 2013. Among them, the capacity utilization rate of non-metallic mineral products industry, ferrous metal smelting and Calendering industry, non-ferrous metal smelting and Calendering industry increased by 3.4%, 1.7% and 1.7%, respectively. At the end of June, the area of commercial housing for sale nationwide was 501.62 million square meters, down 7.66 million square meters from the end of last month and 8.9 per cent lower than the same period last year. At the end of May, the asset-liability ratio of industrial enterprises above size was 56.8%, down 0.6 percentage points from the same period last year. In the first half of the year, investment in ecological protection, environmental management, education and other short board areas increased by 48.0% and 18.9% respectively over the same period last year, 42.2% and 13.1% faster than all investment, respectively.

The three major offensive battles continued to advance. At the end of May, the balance of local government debt was 19.8953 trillion yuan, within the limit approved by the National people's Congress. Accurate poverty alleviation has been effective, and the per capita disposable income of rural residents in poor areas has maintained a rapid growth. The effectiveness of pollution prevention and control continues to show. According to preliminary accounting, in the first half of the year, the proportion of natural gas, hydropower, nuclear power, wind power and other clean energy consumption in the total energy consumption increased by 1.6 percentage points over the same period last year, and energy consumption per unit of gross domestic product decreased by 2.7 percent compared with the same period last year.

The economic structure continues to be optimized. In the first half of the year, the added value of the tertiary industry accounted for 54.9 percent of GDP, 0.5 percentage points higher than that of the same period last year and 15.0 percentage points higher than that of the secondary industry. The contribution rate of tertiary industry growth to GDP growth was 60.3 percent, which was higher than that of the secondary industry by 23.2 percentage points. Strategic emerging industries and high-tech industries in industries above scale maintained rapid growth. The contribution of the growth of final consumer expenditure to economic growth was 60.1%. Of the final consumer expenditure of all residents, service consumption accounted for 49.4 percent, an increase of 0.6 percentage points over the same period last year. A series of major regional strategies, such as the coordinated development of Beijing, Tianjin and Hebei, the Yangtze River economic belt, Guangdong-Hong Kong-Macau Greater Bay Area and the integration of the Yangtze River Delta, have been steadily promoted, and a new pattern of vertical and horizontal development of east, west, north and south is taking shape.

Generally speaking, the operation of the national economy in the first half of the year was within a reasonable range, continuing the overall steady and steady development trend. However, it should also be noted that the current economic situation at home and abroad is still complex and grim, global economic growth has slowed down, external instability and uncertainties have increased, the problem of unbalanced and inadequate domestic development is still prominent, and the economy is facing new downward pressure. Next, under the guidance of Xi Jinping's thought of socialism with Chinese characteristics in the new era, we should conscientiously implement the decisions and arrangements of the CPC Central Committee and the State Council, adhere to the general tone of the work of seeking progress in stability, and adhere to the supply-side structural reform as the main line. in accordance with the requirements of high-quality development, deepen reform and opening up, optimize the business environment, promote independent innovation in key areas, fully mobilize the enthusiasm of all parties, and pay close attention to the implementation of the "six stability" policy. We will promote the steady and healthy development of the economy.

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Key Words:  The economy  the market