Premier Li Keqiang said China’s economy maintained stable performance with improving momentum for growth in the first half of 2019.
Premier Li reaffirmed China’s commitment to expand opening-up to foreign investment on July 2 as he announced a string of measures to broaden market access
China’s GDP expanded 6.3 percent year-on-year in the first half of 2019 to about 45.09 trillion yuan ($6.56 trillion), data from the National Bureau of Statistics showed.
China’s retail sales of consumer goods rose 8.4 percent year-on-year in the first half of 2019, the National Bureau of Statistics said on July 15.
China’s value-added industrial output, an important economic indicator, expanded 6 percent year-on-year in the first half, official data showed on July 15.
China saw steady foreign investment growth in the first half of 2019, official data showed on July 11.
China’s economic growth held steady in the first half of 2019, as factors are increasing to support high-quality development.
The service industry continues to be a strong driver of the economy, outperforming the overall GDP growth of 6.3 percent in the first half of the year.
China’s economy showed steady growth signaling high quality development in the first half of 2019, as the country’s economic structure continued to optimize.
Despite downside pressure, the Chinese economy is expected to remain stable in the second half of this year. The year-on-year GDP growth rate for 2019 is expected to be no lower than 6.2 percent.