Top 10 highlights of China’s economy in H1 2015 by the National Bureau of Statistics (NBS)

July 24, 2015 10:28 am

’s economy in the first half of 2015 is better than expected with the GDP growth reaching 7 percent. There are 10 highlights worth mentioning, according to ’s macro-economic statistics issued recently by the National Bureau of Statistics (NBS).

1. China’s economic growth remains in a reasonable range as China has maintained its GDP growth at 7 percent for two consecutive quarters.

2. Employment situation remains stable. China creates 7.18 million jobs in urban areas. The unemployment rate remains at 5.1 percent.

3. Per capita disposable income of Chinese residents increases 7.6 percent in the first half of 2015, 0.6 percent higher than the GDP growth of the same period.

4. Industrial structure keeps optimizing with the tertiary industry grows more rapidly.

5. Consumption contributes 60 percent to China’s economic growth, up 5.7 percent year on year.

6. Energy use per GDP is 5.9 percent lower, indicating China obtains an economic growth of higher quality.

7. Private economy gains more dynamism and the growth rate of non-public economy stands at 8.1 percent in the first half of 2015.

8. “Massive entrepreneurship and innovation by all” enjoys popular support. New industries, sectors and products develop rapidly.

9. China’s export and import maintains a basic balance in the first half of 2015.

10. China’s summer grain crops harvest with the yield rising 3.3 percent.

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