China’s economic growth rate in the first half of the year was 6.3%! The National Bureau of Statistics used five adjectives.

China’s economic growth rate in the first half of the year was 6.3%! The National Bureau of Statistics used five adjectives.

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  Cctv news: On July 15th, 2019, the State Council Press Office held a press conference, and invited Mao Shengyong, director and spokesperson of the National Statistics Department of the National Bureau of Statistics, to introduce the national economy in the first half of 2019 and answer questions from reporters.

  Reporter: The economic growth rate dropped in the first half of the year. Will the growth rate in the third quarter continue to drop? Is there any pressure or difficulty to achieve the target growth rate of 6%-6.5% this year?

  Mao ShengyongIn the first half of the year, the national economy achieved a growth rate of 6.3%, which should be said to be good. I think the core of your question is how to understand 6.3%. I think it can be seen from the following aspects:

  First, 6.3% is a relatively stable speed. Why do you say that? In the first quarter of this year, China’s economy grew by 6.4%, compared with 6.3% in the first half of this year, with a slight slowdown of 0.1 percentage point. If we combine employment, prices, income, ecological environment and other indicators, the economy is still running smoothly in a reasonable range.

  Second, 6.3% is not a low speed. In the first quarter of this year, the economy grew by 6.4%, which is the fastest among the major economies in the world. Because many countries have not announced the economic growth rate in the first half of the year, the general trend is that the global economic growth has slowed down. China’s growth rate of 6.3% in the first half of the year should still be among the best among the major economies in the world.

  Third, 6.3% is a speed with relatively high gold content. When we talk about economic growth of 6.3%, we should see that the employment situation is relatively stable, prices have maintained a moderate or basically stable trend, and residents’ income has increased relatively fast. At the same time, we should see that the energy consumption per 10,000 yuan of GDP has decreased by 2.7% year-on-year, indicating that the overall ecological environment is also improving, so the 6.3% growth is a quality growth and sustainable growth.

  Fourth, 6.3% is a hard-won speed. We know that since last year, including the first half of this year, world economic growth, including world trade expansion, has slowed down, some structural contradictions accumulated in China for a long time have become prominent, and the economy has downward pressure. Under such circumstances, we did not engage in the strong stimulus of flood irrigation, but promoted reform and innovation in China. By better promoting macro-control of innovation, optimizing the business environment, reducing taxes and fees on a large scale, stimulating the vitality of market players and promoting economic stability and progress, this is hard-won.

  Fifth, 6.3% is a speed with stamina support. In the first half of the year, the economy grew by 6.3%, and the target task for the whole year was between 6.0% and 6.5%. In the first half of the year, 6.3% laid a good foundation for realizing the target task for the whole year. From the second half of the year, it should be said that the external environment may still be relatively complicated, and there is downward pressure at home, but the fundamentals of stable economic operation will not change, and there is still a lot of room for policy reserves, including the continuous growth of the domestic market. Taken together, these factors are conducive to achieving the main goals of economic and social development throughout the year.

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