2024-07-17 08:24:16
Data on the Chinese economy in the first half of this year were released today. According to preliminary calculations, the GDP for the mentioned period is 61,683.6 billion yuan, which is an annual increase of 5% at constant prices, writes “Radio China”. Overall, output is growing steadily, demand continues to recover, and new drivers are growing, giving a good outlook for the economy.
These were not easily achieved. In this year, the world economy is developing weakly, geopolitical conflicts are intensifying, and some Western countries are constantly spreading rumors about the termination of industrial chains and supply chains. However, in the first quarter, China’s economy grew faster than those of the US, the Eurozone and Japan.
The current state of the Chinese economy and its prospects, together with the huge market, also create new opportunities. In the first half of the year, total retail sales of consumer goods increased by 3.7% year-on-year and online retail sales by 9.8%, testifying to the improvement in the quality of the market. In this process, foreign investors realized very serious benefits. At the same time, the high-quality development of the Chinese economy provides new opportunities for cross-border enterprises, and the stable and continuous measures of the Chinese government promote the opening of the country to foreign business, and an example of this is the visa-free regime with a number of countries, the reduction of the negative list for market access and measures to guarantee investments from abroad.
The Third Plenum of the 20th CPC Central Committee opened today in Beijing, which is to adopt a strategic plan for deepening reforms and promoting China’s modernization. The international community expects China to continue to provide a good outlook for the global economy and new opportunities for foreign companies.