According to the latest data from the National Bureau of Statistics, 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 at the core, all regions and departments conscientiously implemented the decisions and deployments of the Party Central Committee and the State Council, and insisted on seeking progress while maintaining stability. The overall keynote is to adhere to the new development concept, adhere to the promotion of high-quality development, adhere to the supply-side structural reform as the main line, deepen reform and opening up, pay close attention to the implementation of the "six stability", and continue to maintain the economic operation within a reasonable range, and continue to maintain overall stability and stability. Progressive development trend.

        According to preliminary calculations, the gross domestic product in the first half of the year was 4,509.3 billion yuan, a year-on-year increase of 6.3% at comparable prices. In quarterly terms, the first quarter increased by 6.4% year-on-year, and the second quarter increased by 6.2%. In terms of industries, the added value of the primary industry was 2,320.7 billion yuan, a year-on-year increase of 3.0%; the added value of the secondary industry was 1,79984 trillion yuan, an increase of 5.8%; the added value of the tertiary industry was 2,47743 billion yuan, an increase of 7.0%.

        Data show that my country's industrial production was basically stable in the first half of the year, and the proportion of high-tech manufacturing increased. The added value of the industrial enterprises above designated size nationwide increased by 6.0% year-on-year, and the growth rate dropped by 0.5 percentage points from the first quarter. In June, the value added of the industrial enterprises above designated size nationwide increased by 6.3% year-on-year, and the growth rate was 1.3 percentage points higher than that in May, and the month-on-month increase was 0.68%. In the first half of the year, in terms of economic types, the value added of state-owned holding companies increased by 5.0% year-on-year, joint-stock companies increased by 7.3%, and foreign, Hong Kong, Macao and Taiwan-invested companies increased by 1.4%. Divided into three categories, the value added of the mining industry increased by 3.5% year-on-year, the manufacturing industry increased by 6.4%, and the electricity, heat, gas and water production and supply industries increased by 7.3%. The added value of industrial strategic emerging industries increased by 7.7% year-on-year, which was 1.7% faster than that of industries above designated size. The added value of the high-tech manufacturing industry increased by 9.0% year-on-year, 3.0 percentage points faster than the above-scale industries, accounting for 13.8% of all above-scale industries, an increase of 0.8 percentage points from the same period last year. The output of new energy vehicles and solar cells increased by 34.6% and 20.1% respectively year-on-year.

        From January to May, the national industrial enterprises above designated size achieved a total profit of 2.379 billion yuan, a year-on-year decrease of 2.3%, and the rate of decline narrowed by 1.1 percentage points from January to April. This was a decrease of 3.7% year-on-year. The operating income profit rate of industrial enterprises above designated size was 5.72%, an increase of 0.2 percentage points from January to April.

        In the first half of the year, my country's investment growth was basically stable, and investment in high-tech industries grew rapidly. National investment in fixed assets (excluding rural households) increased by 5.8% year-on-year. In terms of industries, 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%; investment in the tertiary industry increased by 7.4%. Investment in high-tech manufacturing increased by 10.4% year-on-year, which was 4.6% faster than total investment.

        In the first half of the year, my country's import and export growth rate rose slightly, and the trade structure continued to be optimized. Exports of mechanical and electrical products increased by 5.3%, accounting for 58.2% of total exports. The import and export of private enterprises increased by 11.0%, accounting for 41.7% of the total import and export, an increase of 2.7% over the same period last year.

        In the first half of the year, the export delivery value of industrial enterprises above designated size reached 5836.1 billion yuan, a year-on-year increase of 4.2%. In June, the export delivery value of industrial enterprises above designated size reached 1,055.5 billion yuan, an increase of 1.9%, and the growth rate was 1.2 percentage points higher than that in May.

        At the same time, my country's supply-side structural reforms have been intensified, the economic structure has been continuously optimized, the results of the "three eliminations, one reduction and one supplement" have been consolidated, the three major battles have continued to advance, and the economic structure has continued to be optimized.

        On the whole, the national economy operated within a reasonable range in the first half of the year, continuing the overall stable, stable and progressive development trend. However, it must be noted that the current domestic and international economic situation is still complicated and severe, the global economic growth has slowed down, external uncertainties have increased, the problem of inadequate and unbalanced domestic development is still prominent, and the economy is facing new downward pressure. In the next step, guided by Xi Jinping’s Thought on Socialism with Chinese Characteristics for a New Era, we must conscientiously implement various decisions and deployments of the Party Central Committee and the State Council, adhere to the general tone of the work of seeking progress while maintaining stability, adhere to the supply-side structural reform as the main line, and develop in accordance with high-quality development. The requirements are to deepen reform and opening up, optimize the business environment, promote independent innovation in key areas, fully mobilize all parties’ enthusiasm, pay close attention to the implementation of the “six stability” policy, and promote stable and healthy economic development.

        According to information released by the Bureau of Statistics, the operation of China's Purchasing Managers Index in June 2019 shows that China's Manufacturing Purchasing Managers Index (PMI) recorded 49.4% in June, the same as in May. Analysts believe that although China's economy is still facing a major downturn, with the gradual implementation of policy dividends such as tax cuts, fee cuts, and cost reductions, manufacturing activities are expected to improve in the second half of the year.

        Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, pointed out that the transformation and upgrading of the manufacturing industry continues to advance, and the role of mid-to-high-end manufacturing and consumer goods manufacturing in promoting economic growth has been further strengthened. In June, the production indexes of the high-tech manufacturing, equipment manufacturing and consumer goods industries were 55.6%, 53.3%, and 52.2% respectively, which all increased month-on-month, and were 4.3, 2.0, and 0.9 percentage points higher than the overall manufacturing industry. But he also said that the growth momentum of market orders is weak, and the foreign trade development environment is tightening.

It is recommended that enterprises in the industry pay close attention to relevant information and market trends, and formulate response strategies.

(Data source: National Bureau of Statistics, Economic Daily)