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Data highlights of Chinese economy on recovery track
Updated: July 15, 2022 21:46 Xinhua

BEIJING — China's economy has shown a stabilizing trend despite downward pressures in the second quarter (Q2) brought by the complex global environment and domestic COVID-19 resurgences.

Here are some highlights of the Chinese economy amid the government's efforts to curb the COVID-19 resurgences and boost economic and social development.

— Despite steep falls of major economic indicators in April, China's gross domestic product (GDP) secured a positive growth of 0.4 percent year-on-year in Q2, thanks to a slew of supportive policies that quickly took effect in the following months.

In the first half (H1) of 2022, China's GDP rose 2.5 percent year-on-year.

— China's value-added industrial output went up 3.4 percent year-on-year in H1.

In June alone, industrial output growth increased to 3.9 percent year-on-year, rising by 3.2 percentage points from that in May.

— China's June consumption reversed from declines seen in April and May. Retail sales of consumer goods went up 3.1 percent year-on-year in June.

— Fixed-asset investment saw steady growth in H1, jumping 6.1 percent from a year earlier to 27.14 trillion yuan (about $4.02 trillion).

Investment into the high-tech manufacturing and services sectors sustained growth momentum in H1, jumping 23.8 percent and 12.6 percent year-on-year.

— Foreign trade registered robust growth in June, accelerating to 14.3 percent year-on-year, compared with 9.5 percent in May and 0.1 percent in April.

From January to June, China's foreign trade of goods jumped 9.4 percent year-on-year to 19.8 trillion yuan.

— China's consumer inflation remained stable in June, with a rise of 2.5 percent year-on-year.

Factory-gate inflation continued to ease, with an increase of 6.1 percent year-on-year, down 0.3 percentage points from the previous month.

— Employment has improved, with the surveyed urban unemployment rate standing at 5.5 percent in June, down from 5.9 percent in May.

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