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Eurasia
18/07/2024 23:14
"Overall, the national economy has continued to improve in the first half in a stable manner," the NBS said in an online comment, citing support from policy incentives, a rebound in external demand and the development of new quality productive forces.
The country's retail sales of consumer goods went up 3.7 percent year on year in the first half, while fixed-asset investment rose 3.9 percent and value-added industrial output expanded 6 percent.
The bureau said the growth was "hard-won" as the world's second-largest economy had faced a more uncertain, complex and severe external environment, as well as new challenges from deepening structural adjustment domestically.
Industrial production has turned smarter and greener, according to the NBS. The high-tech manufacturing sector saw output up 8.7 percent year on year in the first half, while the production of service robots and new energy vehicles surged 22.8 percent and 34.3 percent, respectively.
