China's GDP expands 5.5 pct in H1-Xinhua

China's GDP expands 5.5 pct in H1

Source: Xinhua

Editor: huaxia

2023-07-17 12:47:15

An employee works at a factory in Dingjiang Township of Lingchuan County, south China's Guangxi Zhuang Autonomous Region, May 19, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Xinhua/Lu Boan)

BEIJING, July 17 (Xinhua) -- China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed.

In the second quarter, the country's GDP expanded 6.3 percent year on year, according to the NBS.

In the first half of this year, in the face of a grave and complex international environment and arduous tasks of reform, development and stability at home, all regions and departments made great efforts to stabilize growth, employment and prices, said NBS spokesperson Fu Linghui at a press conference.

Market demand gradually recovered, production and supply continued to increase, and economic performance, on the whole, picked up, Fu added.

China's retail sales of consumer goods went up 8.2 percent year on year in the first half of this year, 2.4 percentage points faster than that of the first quarter, the NBS spokesperson said. Retail sales of consumer goods totaled around 22.76 trillion yuan in H1. In June alone, retail sales edged up 3.1 percent year on year.

The country's value-added industrial output, an important economic indicator, went up 3.8 percent year on year in H1, according to the NBS. In June alone, industrial output rose 4.4 percent year on year.

China's fixed-asset investment went up 3.8 percent year on year in H1, NBS data showed.

The country's value-added service output went up 6.4 percent year on year in H1. The growth rate accelerated by 1 percentage point from the pace recorded in the first quarter.

The surveyed urban unemployment rate in China stood at 5.3 percent in H1 of 2023, 0.2 percentage points lower than that in the first quarter, official data showed. On a monthly basis, the rate stayed unchanged from that in May, at 5.2 percent.

China's per capita disposable income stood at 19,672 yuan in H1, up 6.5 percent year on year in nominal terms, data showed on Monday. After deducting price factors, per capita disposable income rose 5.8 percent from the previous year.

This aerial photo taken on July 14, 2023 shows cargo ships departing from the Shawan pier in Yuqing County of Zunyi, southwest China's Guizhou Province.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Xinhua/Tao Liang)

People watch a robot playing piano during the 8th China Robotop and Intelligent Economic Talents Summit in Yuyao City, east China's Zhejiang Province, May 24, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Photo by Zhang Hui/Xinhua)

An employee works at a factory in Qinzhou City, south China's Guangxi Zhuang Autonomous Region, Jan. 31, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Xinhua/Lu Boan)

A staff member checks excavators at a machinery company in Yantai, east China's Shandong Province, July 17, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Photo by Tang Ke/Xinhua)

This aerial photo taken on June 25, 2023 shows the construction site of Zangke River grand bridge on the expressway linking Nayong and Qinglong in southwest China's Guizhou Province.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Xinhua/Tao Liang)

An employee works at a workshop of a textile company in Hangzhou, east China's Zhejiang Province, March 2, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Photo by Hu Jianhuan/Xinhua)

A worker welds at a factory of an equipment manufacturing enterprise in Qingzhou City, east China's Shandong Province, July 17, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Photo by Wang Jilin/Xinhua)

Wheat grains are loaded onto a truck at Difang Town of Linyi City, east China's Shandong Province, June 13, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Photo by Wu Jiquan/Xinhua)

This aerial photo taken on July 5, 2023 shows cars to be loaded for export at Yantai Port, east China's Shangdong Province.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Photo by Tang Ke/Xinhua)

A customer shops at a supermarket in Cengong County, southwest China's Guizhou Province, June 9, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Photo by Tang Peng/Xinhua)

An employee works at a workshop of a textile company in Lianyungang, east China's Jiangsu Province, July 17, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Photo by Geng Yuhe/Xinhua)

Staff members work at the construction site of Zangke River grand bridge on the expressway linking Nayong and Qinglong in southwest China's Guizhou Province, June 25, 2023.

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday.

China's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the first half, NBS data showed. (Xinhua/Tao Liang)