The State Council Information Office held a press conference on the morning of July 15. National Bureau of Statistics Spokesperson and Director of the National Economic Comprehensive Statistics Department Fu Linghui introduced the performance of the national economy in the first half of 2022. Preliminary calculations show that the GDP in the first half of the year was 256.2642 trillion yuan, calculated at constant prices, a year-on-year increase of 2.5%.
In the first and second quarters, the economy withstood pressure and achieved positive growth
htmlMajor economic indicators fell deeply in April. Faced with increasing new downward pressure, the Party Central Committee and the State Council made scientific decisions, implemented timely and decisive policies, insisted on not engaging in "flood irrigation", and implemented the policies and measures of the Central Economic Work Conference and the "Government Work Report" in advance, in accordance with The overall thinking and policy orientation have been clarified, a package of policies and measures to stabilize the economy has been launched, and a national video and telephone conference has been held to deploy the work of stabilizing the economy and the broader market, and the policy effects have appeared quickly. The decline in major economic indicators narrowed in May, the economy stabilized and rebounded in June, and the economy achieved positive growth in the second quarter. Preliminary calculations show that the GDP in the first half of the year was 56,264.2 billion yuan, a year-on-year increase of 2.5% at constant prices. In terms of industries, the added value of the primary industry was 2,913.7 billion yuan, a year-on-year increase of 5.0%; the added value of the secondary industry was 22,863.6 billion yuan, an increase of 3.2%; the added value of the tertiary industry was 30,486.8 billion yuan, an increase of 1.8%. Among them, the GDP in the second quarter was 29,246.4 billion yuan, a year-on-year increase of 0.4%. In terms of industries, the added value of the primary industry in the second quarter was 1818.3 billion yuan, a year-on-year increase of 4.4%; the added value of the secondary industry was 12245 billion yuan, an increase of 0.9%; the added value of the tertiary industry was 15183.1 billion yuan, a decrease of 0.4%.2. There was another bumper harvest of summer grain, and the animal husbandry industry grew steadily
In the first half of the year, the added value of agriculture (planting industry) increased by 4.5% year-on-year. The total summer grain output nationwide was 147.39 million tons, an increase of 1.434 million tons or 1.0% over the previous year. The agricultural planting structure continues to be optimized, and the sown area of rapeseed and other cash crops has increased. In the first half of the year, the output of pork, beef, mutton, and poultry was 45.19 million tons, a year-on-year increase of 5.3%. The output of pork, beef, and mutton increased by 8.2%, 3.8%, and 0.7% respectively, while the output of poultry decreased by 0.8%; the output of milk increased by 8.4%, and the output of poultry increased by 8.4%. Egg production increased by 3.5%. In the second quarter, the output of pork, beef, mutton and poultry increased by 1.6% year-on-year, of which pork increased by 2.4%. At the end of the second quarter, the number of pigs on hand was 430.57 million, a year-on-year decrease of 1.9%, of which 42.77 million were breeding sows; 365.87 million pigs were sold, an increase of 8.4%.
3. Industrial production stabilized and rebounded, and high-tech manufacturing developed rapidly
In the first half of the year, the added value of the national industrial enterprises above designated size increased by 3.4% year-on-year. Divided into three categories, the added value of the mining industry increased by 9.5% year-on-year, the manufacturing industry increased by 2.8%, and the electricity, heat, gas and water production and supply industry increased by 3.9%. The added value of high-tech manufacturing increased by 9.6% year-on-year, 6.2 percentage points faster than that of all industries above designated size. In terms of economic types, the added value of state-owned enterprises increased by 2.7% year-on-year; joint-stock enterprises increased by 4.8%; foreign, Hong Kong, Macao and Taiwan-invested enterprises decreased by 2.1%; private enterprises increased by 4.0%. In terms of products, the output of new energy vehicles, solar cells , and mobile communication base station equipment increased by 111.2%, 31.8%, and 19.8% respectively year-on-year.
In the second quarter, the added value of industries above designated size increased by 0.7% year-on-year. Among them, the added value of industrial enterprises above designated size fell by 2.9% year-on-year in April; the growth rate in May turned from negative to positive, with an increase of 0.7%; in June, it increased by 3.9%, 3.2 percentage points faster than the previous month, and a month-on-month increase of 0.84%. In June, the manufacturing purchasing managers index was 50.2%, an increase of 0.6 percentage points from the previous month; the enterprise production and operation activity expectation index was 55.2%, an increase of 1.3 percentage points. From January to May, the national industrial enterprises above designated size achieved a total profit of 3.441 billion yuan, a year-on-year increase of 1.0%.
4. The service industry gradually recovered, and the modern service industry has a good growth momentum.
In the first half of the year, the added value of the service industry increased by 1.8% year-on-year. Among them, the added value of the information transmission, software and information technology service industries, and the financial industry increased by 9.2% and 5.5% respectively. In the second quarter, the added value of the service industry fell by 0.4% year-on-year. In April, the service industry production index fell by 6.1% year-on-year; in May, the decline narrowed to 5.1%; in June, it turned from falling to rising, with an increase of 1.3%. From January to May, the operating income of service industry enterprises above designated size nationwide increased by 4.6% year-on-year, 0.4 percentage points faster than that from January to April. In June, the business activity index of the service industry was 54.3%, an increase of 7.2 percentage points from the previous month.From the perspective of industry conditions, the business activity index of retail, railway transportation, road transportation, air transportation, postal , monetary and financial services, capital market services and other industries is in the relatively high prosperity range of above 55.0%. In terms of market expectations, the service industry business activity expectation index was 61.0%, an increase of 5.8 percentage points from the previous month.
5. Market sales have improved, and the retail sales of basic daily necessities have grown rapidly
In the first half of the year, the total retail sales of consumer goods was 21,043.2 billion yuan, a year-on-year decrease of 0.7%. According to the location of business units, the retail sales of consumer goods in urban areas was 18,270.6 billion yuan, a decrease of 0.8%; the retail sales of consumer goods in rural areas was 2,772.6 billion yuan, a decrease of 0.3%. According to consumption type , retail sales of goods were 19,039.2 billion yuan, an increase of 0.1%; catering revenue was 2,004 billion yuan, a decrease of 7.7%. Basic living consumption increased steadily, and the retail sales of grain, oil, food and beverage products by units above designated size increased by 9.9% and 8.2% respectively. National online retail sales were 6.3007 billion yuan, an increase of 3.1%. Among them, online retail sales of physical goods were 5,449.3 billion yuan, an increase of 5.6%, accounting for 25.9% of the total retail sales of consumer goods. In the second quarter, total retail sales of consumer goods fell by 4.6% year-on-year. Among them, the total retail sales of consumer goods in April fell by 11.1% year-on-year; the decline in May narrowed to 6.7%; in June, it turned from a decline to an increase, with a year-on-year increase of 3.1% and a month-on-month increase of 0.53%.
6. Fixed asset investment continued to grow, and investment in high-tech industries and social fields grew rapidly
In the first half of the year, the national fixed asset investment (excluding rural households) was 27.143 billion yuan, a year-on-year increase of 6.1%. In terms of sectors, infrastructure investment increased by 7.1%, manufacturing investment increased by 10.4%, and real estate development investment decreased by 5.4%. The sales area of commercial housing nationwide was 689.23 million square meters, a decrease of 22.2%; the sales volume of commercial housing was 6.6072 billion yuan, a decrease of 28.9%. In terms of industries, investment in the primary industry increased by 4.0%, investment in the secondary industry increased by 10.9%, and investment in the tertiary industry increased by 4.0%. Private investment increased by 3.5%. Investment in high-tech industries increased by 20.2%, of which investment in high-tech manufacturing and high-tech services increased by 23.8% and 12.6% respectively. In the high-tech manufacturing industry, investment in electronics and communication equipment manufacturing, medical equipment and instrumentation manufacturing increased by 28.8% and 28.0% respectively; in high-tech service industry , investment in scientific and technological achievements transformation services and R&D and design services increased respectively. Growth rates were 13.6% and 12.4%. Investment in the social field increased by 14.9%, of which investment in health and education increased by 34.5% and 10.0% respectively. In the second quarter, fixed asset investment (excluding rural households) increased by 4.2% year-on-year. Among them, the growth rate was 1.8% in April, the growth rate accelerated to 4.6% in May, and the growth rate further rebounded to 5.6% in June. In June, fixed asset investment (excluding farmers) increased by 0.95% month-on-month.
7. The import and export of goods grew rapidly, and the trade structure continued to be optimized.
In the first half of the year, the total import and export of goods was 19.8022 billion yuan, a year-on-year increase of 9.4%. Among them, exports were 11,141.7 billion yuan, an increase of 13.2%; imports were 8,660.5 billion yuan, an increase of 4.8%. Imports and exports balanced each other, resulting in a trade surplus of 2,481.2 billion yuan. General trade imports and exports increased by 13.1%, accounting for 64.2% of total imports and exports, 2.1 percentage points higher than the same period last year. The import and export of private enterprises increased by 13.6%, accounting for 49.6% of the total import and export, an increase of 1.9 percentage points from the same period last year. The import and export of mechanical and electrical products increased by 4.2%, accounting for 49.1% of the total import and export volume. In June, the total import and export volume was 3,765.7 billion yuan, a year-on-year increase of 14.3%. Among them, exports were 2,207.9 billion yuan, an increase of 22.0%; imports were 1,557.8 billion yuan, an increase of 4.8%.
8. Consumer prices rose moderately, while industrial producer price increases continued to fall
In the first half of the year, the national consumer price index (CPI) rose by 1.7% year-on-year. In terms of categories, the price of food, tobacco and alcohol increased by 0.4% year-on-year, the price of clothing increased by 0.5%, the price of housing increased by 1.2%, the price of daily necessities and services increased by 1.0%, the price of transportation and communication increased by 6.3%, the price of education, culture and entertainment increased by 2.3%, and the price of medical care increased by 2.3%. The price of health care increased by 0.7%, and the price of other supplies and services increased by 1.2%. Among the prices of food, tobacco and alcohol, pork prices fell by 33.2%, grain prices increased by 2.4%, fresh fruit prices increased by 12.0%, and fresh vegetable prices increased by 8.0%. Core CPI, which excludes food and energy prices, rose 1.0%. In the second quarter, the national consumer price rose by 2.3% year-on-year. Among them, consumer prices in April and May both increased by 2.1% year-on-year; in June, they increased by 2.5% year-on-year and remained unchanged month-on-month.
In the first half of the year, the national industrial producer price rose 7.7% year-on-year, and in the second quarter it rose 6.8% year-on-year. Among them, the year-on-year growth in April and May was 8.0% and 6.4% respectively; the year-on-year growth in June was 6.1%, which was the same as the previous month. In the first half of the year, the purchasing price of industrial producers nationwide rose by 10.4% year-on-year, and in the second quarter it rose by 9.5% year-on-year. Among them, the year-on-year growth in April and May was 10.8% and 9.1% respectively; the year-on-year growth in June was 8.5%, and the month-on-month growth was 0.2%.
9. The employment situation improved, the urban surveyed unemployment rate fell back
In the first half of the year, 6.54 million new jobs were created in cities and towns across the country, and the national average urban surveyed unemployment rate was 5.7%, with the average in the second quarter being 5.8%. In April, the national urban surveyed unemployment rate was 6.1%; it fell continuously in May and June, to 5.9% and 5.5% respectively. In June, the surveyed unemployment rate
of the local registered population was 5.3%; the surveyed unemployment rate of the migrant population was 5.8%, of which the surveyed unemployment rate of the migrant agricultural population was 5.3%. The survey unemployment rates for people aged 16-24 and 25-59 are 19.3% and 4.5% respectively. The surveyed urban unemployment rate in 31 large cities was 5.8%, a decrease of 1.1 percentage points from the previous month. The average weekly working hours of employees in enterprises across the country is 47.7 hours. At the end of the second quarter, the total number of rural migrant workers was 181.24 million.10. Residents' income has grown steadily, and the ratio of per capita income of urban and rural residents has shrunk.
In the first half of the year, the per capita disposable income of residents across the country was 18,463 yuan, a nominal increase of 4.7% year-on-year; the actual increase after deducting price factors was 3.0%. According to the place of permanent residence, the per capita disposable income of urban residents was 225,003 yuan, a nominal increase of 3.6% year-on-year, and a real growth of 1.9%; the per capita disposable income of rural residents was 9,787 yuan, a nominal increase of 5.8% year-on-year, and a real growth of 4.2%. In terms of income sources, the national per capita wage income, net operating income, net property income, and net transfer income increased in nominal terms by 4.7%, 3.2%, 5.2%, and 5.6% respectively. The ratio of per capita income of urban and rural residents was 2.55, down 0.06 from the same period last year. The national per capita disposable income median was 215,560 yuan, a year-on-year nominal increase of 4.5%.
Overall, a series of solid economic stabilization policies have achieved remarkable results. Our country’s economy has overcome the adverse effects of unexpected factors and has shown a trend of stabilization and recovery. Especially in the second quarter, it achieved positive economic growth and stabilized the economic market. Hard-won achievements . However, we must also note that the risk of stagflation in the world economy is rising, the policies of major economies are tending to tighten, external instability and uncertainty have increased significantly, the impact of the domestic epidemic has not been completely eliminated, demand contraction is intertwined with supply shocks, and structural contradictions and cyclical Problems are compounded, it is still difficult for market entities to operate, and the foundation for sustained economic recovery is unstable. In the next stage, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, completely, accurately and comprehensively implement the new development concept , and effectively coordinate epidemic prevention in accordance with the requirements of preventing the epidemic, stabilizing the economy, and ensuring safe development. Control economic and social development, seize the critical period of economic recovery, pay close attention to the implementation of a package of policies to stabilize the economy and achieve results, continue to do a good job in the "six stability" and "six guarantees", continue to increase efficiency and vitality, and continuously consolidate the foundation for economic stability and recovery. , to ensure that the economy operates within a reasonable range.
Producer: Wei Jing
Editor-in-Chief: Yin Liang
Reviewer: Shi Heyi
Editor: Lu Dong
Source: National Bureau of Statistics China Net
From the perspective of industry conditions, the business activity index of retail, railway transportation, road transportation, air transportation, postal , monetary and financial services, capital market services and other industries is in the relatively high prosperity range of above 55.0%. In terms of market expectations, the service industry business activity expectation index was 61.0%, an increase of 5.8 percentage points from the previous month. 5. Market sales have improved, and the retail sales of basic daily necessities have grown rapidly
In the first half of the year, the total retail sales of consumer goods was 21,043.2 billion yuan, a year-on-year decrease of 0.7%. According to the location of business units, the retail sales of consumer goods in urban areas was 18,270.6 billion yuan, a decrease of 0.8%; the retail sales of consumer goods in rural areas was 2,772.6 billion yuan, a decrease of 0.3%. According to consumption type , retail sales of goods were 19,039.2 billion yuan, an increase of 0.1%; catering revenue was 2,004 billion yuan, a decrease of 7.7%. Basic living consumption increased steadily, and the retail sales of grain, oil, food and beverage products by units above designated size increased by 9.9% and 8.2% respectively. National online retail sales were 6.3007 billion yuan, an increase of 3.1%. Among them, online retail sales of physical goods were 5,449.3 billion yuan, an increase of 5.6%, accounting for 25.9% of the total retail sales of consumer goods. In the second quarter, total retail sales of consumer goods fell by 4.6% year-on-year. Among them, the total retail sales of consumer goods in April fell by 11.1% year-on-year; the decline in May narrowed to 6.7%; in June, it turned from a decline to an increase, with a year-on-year increase of 3.1% and a month-on-month increase of 0.53%.
6. Fixed asset investment continued to grow, and investment in high-tech industries and social fields grew rapidly
In the first half of the year, the national fixed asset investment (excluding rural households) was 27.143 billion yuan, a year-on-year increase of 6.1%. In terms of sectors, infrastructure investment increased by 7.1%, manufacturing investment increased by 10.4%, and real estate development investment decreased by 5.4%. The sales area of commercial housing nationwide was 689.23 million square meters, a decrease of 22.2%; the sales volume of commercial housing was 6.6072 billion yuan, a decrease of 28.9%. In terms of industries, investment in the primary industry increased by 4.0%, investment in the secondary industry increased by 10.9%, and investment in the tertiary industry increased by 4.0%. Private investment increased by 3.5%. Investment in high-tech industries increased by 20.2%, of which investment in high-tech manufacturing and high-tech services increased by 23.8% and 12.6% respectively. In the high-tech manufacturing industry, investment in electronics and communication equipment manufacturing, medical equipment and instrumentation manufacturing increased by 28.8% and 28.0% respectively; in high-tech service industry , investment in scientific and technological achievements transformation services and R&D and design services increased respectively. Growth rates were 13.6% and 12.4%. Investment in the social field increased by 14.9%, of which investment in health and education increased by 34.5% and 10.0% respectively. In the second quarter, fixed asset investment (excluding rural households) increased by 4.2% year-on-year. Among them, the growth rate was 1.8% in April, the growth rate accelerated to 4.6% in May, and the growth rate further rebounded to 5.6% in June. In June, fixed asset investment (excluding farmers) increased by 0.95% month-on-month.
7. The import and export of goods grew rapidly, and the trade structure continued to be optimized.
In the first half of the year, the total import and export of goods was 19.8022 billion yuan, a year-on-year increase of 9.4%. Among them, exports were 11,141.7 billion yuan, an increase of 13.2%; imports were 8,660.5 billion yuan, an increase of 4.8%. Imports and exports balanced each other, resulting in a trade surplus of 2,481.2 billion yuan. General trade imports and exports increased by 13.1%, accounting for 64.2% of total imports and exports, 2.1 percentage points higher than the same period last year. The import and export of private enterprises increased by 13.6%, accounting for 49.6% of the total import and export, an increase of 1.9 percentage points from the same period last year. The import and export of mechanical and electrical products increased by 4.2%, accounting for 49.1% of the total import and export volume. In June, the total import and export volume was 3,765.7 billion yuan, a year-on-year increase of 14.3%. Among them, exports were 2,207.9 billion yuan, an increase of 22.0%; imports were 1,557.8 billion yuan, an increase of 4.8%.
8. Consumer prices rose moderately, while industrial producer price increases continued to fall
In the first half of the year, the national consumer price index (CPI) rose by 1.7% year-on-year. In terms of categories, the price of food, tobacco and alcohol increased by 0.4% year-on-year, the price of clothing increased by 0.5%, the price of housing increased by 1.2%, the price of daily necessities and services increased by 1.0%, the price of transportation and communication increased by 6.3%, the price of education, culture and entertainment increased by 2.3%, and the price of medical care increased by 2.3%. The price of health care increased by 0.7%, and the price of other supplies and services increased by 1.2%. Among the prices of food, tobacco and alcohol, pork prices fell by 33.2%, grain prices increased by 2.4%, fresh fruit prices increased by 12.0%, and fresh vegetable prices increased by 8.0%. Core CPI, which excludes food and energy prices, rose 1.0%. In the second quarter, the national consumer price rose by 2.3% year-on-year. Among them, consumer prices in April and May both increased by 2.1% year-on-year; in June, they increased by 2.5% year-on-year and remained unchanged month-on-month.
In the first half of the year, the national industrial producer price rose 7.7% year-on-year, and in the second quarter it rose 6.8% year-on-year. Among them, the year-on-year growth in April and May was 8.0% and 6.4% respectively; the year-on-year growth in June was 6.1%, which was the same as the previous month. In the first half of the year, the purchasing price of industrial producers nationwide rose by 10.4% year-on-year, and in the second quarter it rose by 9.5% year-on-year. Among them, the year-on-year growth in April and May was 10.8% and 9.1% respectively; the year-on-year growth in June was 8.5%, and the month-on-month growth was 0.2%.
9. The employment situation improved, the urban surveyed unemployment rate fell back
In the first half of the year, 6.54 million new jobs were created in cities and towns across the country, and the national average urban surveyed unemployment rate was 5.7%, with the average in the second quarter being 5.8%. In April, the national urban surveyed unemployment rate was 6.1%; it fell continuously in May and June, to 5.9% and 5.5% respectively. In June, the surveyed unemployment rate of the local registered population was 5.3%; the surveyed unemployment rate of the migrant population was 5.8%, of which the surveyed unemployment rate of the migrant agricultural population was 5.3%. The survey unemployment rates for people aged 16-24 and 25-59 are 19.3% and 4.5% respectively. The surveyed urban unemployment rate in 31 large cities was 5.8%, a decrease of 1.1 percentage points from the previous month. The average weekly working hours of employees in enterprises across the country is 47.7 hours. At the end of the second quarter, the total number of rural migrant workers was 181.24 million.
10. Residents' income has grown steadily, and the ratio of per capita income of urban and rural residents has shrunk.
In the first half of the year, the per capita disposable income of residents across the country was 18,463 yuan, a nominal increase of 4.7% year-on-year; the actual increase after deducting price factors was 3.0%. According to the place of permanent residence, the per capita disposable income of urban residents was 225,003 yuan, a nominal increase of 3.6% year-on-year, and a real growth of 1.9%; the per capita disposable income of rural residents was 9,787 yuan, a nominal increase of 5.8% year-on-year, and a real growth of 4.2%. In terms of income sources, the national per capita wage income, net operating income, net property income, and net transfer income increased in nominal terms by 4.7%, 3.2%, 5.2%, and 5.6% respectively. The ratio of per capita income of urban and rural residents was 2.55, down 0.06 from the same period last year. The national per capita disposable income median was 215,560 yuan, a year-on-year nominal increase of 4.5%.
Overall, a series of solid economic stabilization policies have achieved remarkable results. Our country’s economy has overcome the adverse effects of unexpected factors and has shown a trend of stabilization and recovery. Especially in the second quarter, it achieved positive economic growth and stabilized the economic market. Hard-won achievements . However, we must also note that the risk of stagflation in the world economy is rising, the policies of major economies are tending to tighten, external instability and uncertainty have increased significantly, the impact of the domestic epidemic has not been completely eliminated, demand contraction is intertwined with supply shocks, and structural contradictions and cyclical Problems are compounded, it is still difficult for market entities to operate, and the foundation for sustained economic recovery is unstable. In the next stage, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, completely, accurately and comprehensively implement the new development concept , and effectively coordinate epidemic prevention in accordance with the requirements of preventing the epidemic, stabilizing the economy, and ensuring safe development. Control economic and social development, seize the critical period of economic recovery, pay close attention to the implementation of a package of policies to stabilize the economy and achieve results, continue to do a good job in the "six stability" and "six guarantees", continue to increase efficiency and vitality, and continuously consolidate the foundation for economic stability and recovery. , to ensure that the economy operates within a reasonable range.
Producer: Wei Jing
Editor-in-Chief: Yin Liang
Reviewer: Shi Heyi
Editor: Lu Dong
Source: National Bureau of Statistics China Net
