On July 15, Mao Shengyong, deputy director of the National Bureau of Statistics, said at the press conference of the State Information Office that in the first half of this year, GDP grew 4.7% year-on-year at constant prices, and the growth rate was in line with the growth target expected for the whole year. In terms of increments, the economic growth in the first half of the year was 3.6 trillion yuan, the biggest increase in the same period in the last five years. For a hyperscale economy like China, the economy achieved 4.7% year-on-year growth, which is quite good. Mao Shengyong stressed that although the growth rate declined somewhat in the second quarter, there was no change in the fundamentals of the economy running steadily and moving forward. In particular, since the second quarter, there have been some new changes in the world economy. International institutions have lowered their annual economic growth forecasts for most major economies, but raised their annual economic growth forecasts, indicating that international institutions are optimistic about the Chinese economy.

On July 15, Mao Shengyong, deputy director of the National Bureau of Statistics, said at the press conference of the State Information Office that in the first half of this year, GDP grew 4.7% year-on-year at constant prices, and the growth rate was in line with the growth target expected for the whole year. In terms of increments, the economic growth in the first half of the year was 3.6 trillion yuan, the biggest increase in the same period in the last five years. For a hyperscale economy like China, the economy achieved 4.7% year-on-year growth, which is quite good. Mao Shengyong stressed that although the growth rate declined somewhat in the second quarter, there was no change in the fundamentals of the economy running steadily and moving forward. In particular, since the second quarter, there have been some new changes in the world economy. International institutions have lowered their annual economic growth forecasts for most major economies, but raised their annual economic growth forecasts, indicating that international institutions are optimistic about the Chinese economy.