National Economic Performance in the First Half of this year

   In the first half of this year, regions and departments at all levels carefully implemented the policies set by the central government on economic work this year, national economic performance was stable.

The main features of

national economic performance are:

The gross domestic product increased steadily.

According to preliminary estimation, in the first half of this year, the gross domestic product (GDP) reached 4294.2 billion yuan, up 7.9% over the same period last year at comparable prices.. Of which, the primary industry was 451.6 billion yuan, up 2.4% over the same period of last year, and the secondary industry was 2355.1 billion yuan, up 9.7 %, and 2355.1 billion yuan for the tertiary industry, up 7%.

Industrial production kept fast growth.

In the first half of this year, the total completed value-added of industrial production was 1281.1billion yuan, up 11% over the same period last year. Of which, the value-added of heavy industry was 777.3 billion yuan, up 12.7% over the same period of last year. And that of light industry was 503.8 billion yuan, up 9.3%.

In June, the ratio of sales of the industry production was 97.05%, down 0.69% over the same month of last year. In the first half of this year, the ratio of sales of the industrial production was 96.75%, down 0.12% over the same period of last year.

The investment in fixed assets kept fast growth.

The completed investment in fixed assets of the country in the first half of this year, of the country was 1189.9 billion yuan, up 15.1% over the same period last year. In terms of different economic entities, the investment of state-owned units and other type of units were 292.8 billion yuan, up by 17.9%. That of collective units was up 4.1%. Analyzed by purposes, investment in capital construction was 468.5 billion yuan, up 11.8%, that in technical innovation was 177.6 billion yuan, up 25.2%, and that in real estate was 212.3 billion yuan, up 28.2%.

Market sales were brisk

In the first half of this year, the retail sales of consumer goods was 1791.5 billion yuan, up 10.3% over the same period last year. Of which, the retail sales in urban areas was 1120.9 billion yuan, increased 11.5%, and that of rural areas was 670.6 billion yuan, up 8.1%.

Market prices picked up slightly.

In the first half of this year, the consumer price was up 1.1% at compared with the same period last year. Analyzed by category of commodities, the price for recreational, educational, cultural articles and service item was up 9.3%, the price for residence item was up 1.8%. On the other hand, the ex-factory price of manufactured goods was up 0.3%, and the purchasing price for energy, raw materials and power went up by 1.8%

Export and import slowed down obviously.

Total value of export and import in the first half of this year was 241 billion US dollars, up by 11.3% compared with the same period of last year. Of which that of export was 124.6 billion US dollars, up 8.8%; that of import was 116.4 billion US dollars, up 14%. The foreign direct investment actually utilized were20.69 billion US dollars, up by 20.5%.

Residents’ income continued to increase.

In the first half of this year, the per capita disposable income of urban residents was 3424 yuan,; the real growth was 5.5% after deducting price factor. The per capita cash income of rural residents was 1063 yuan, the real growth was 4.2%.