CHINA-ECONOMY
|
The National Bureau of Statistics of China on July 15, 2015 released statistics for the first half of 2015. It said that China faced complicated external and domestic economic conditions and increasingly downward pressure in the first half year of 2015, and that the Part's Central Committee and State Council adhered to the general tone of “moving forward while maintaining stability”. It added that the national economy has been running within proper range and the major indicators picking up steadily, showing moderate but stable and sound momentum of development. According to its preliminary estimation, China's gross domestic product (GDP) was 29,686.8 billion yuan in the first half year of 2015, a year-on-year increase of 7.0 percent at comparable prices and rose by 1.7 per cent on a quarter-on-quarter base in the second quarter of 2015;
Agricultural Production: The total summer grain output in 2015 was 141.07 million tons, an increase of 4.47 million tons, up by 3.3 percent. The total output of oil-bearing crops was 13.88 million tons, an increase of 160,000 tons, or 1.2 percent. The output of pork, beef, mutton and poultry was 39.06 million tons, a year-on-year decrease of 2.4 percent, among which the output of pork was 25.74 million tons, down by 4.9 percent.
Industrial Production:
The total value added of the industrial enterprises above designated size in the first half year was up by 6.3 percent at comparable prices. An analysis by types of ownership showed that the value added of the state holding enterprises went up by 1.9 percent year-on-year; collective enterprises by 2.0 percent; share-holding enterprises by 7.5 percent; and enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan by 3.8 percent. In the first five months of this year, the profits made by industrial enterprises above designated size stood at 2,254.8 billion yuan, down by 0.8 percent year-on-year.
Growth of Investment in Fixed Assets slowed down;
Commodity Consumption Enjoyed a Steady Growth: with total retail sales of consumer goods reaching 14,157.7 billion yuan, a nominal year-on-year rise of 10.4 percent (a real growth of 10.5 percent after deducting price factors). In June, the total retail sales of consumer goods rose by 10.6 percent year-on-year (a real growth of 10.6 percent after deducting price factors), 0.5 percentage point faster than that in May, or a growth of 0.96 percent month-on-month.
The Foreign Trade Surplus Continued to Grow: with the total value of imports and exports in the first half year of 2015 at 11,531.6 billion yuan, a decrease of 6.9 percent year-on-year. The total value of exports was 6,572.2 billion yuan, up by 0.9 percent; the total value of imports was 4,959.4 billion yuan, a decrease of 15.5 percent. The trade balance was 1,612.8 billion yuan in surplus. In June, the total value of imports and exports was 2,065.5 billion yuan, a year-on-year decrease of 1.9 percent. Of this total, the value of exports was 1,174.9 billion yuan, up by 2.1 percent; and that of imports was 890.7 billion yuan, down by 6.7 percent.
The Consumer Price Remained Generally Stable.
In the first six months, the consumer price went up by 1.3 percent year-on-year, 0.1 percentage point higher than that in the first quarter; and Residents’ Income Grew Steadily.
|