Since the beginning of this year, the international environment has become more complex and severe. The domestic epidemic has frequently spread, and the adverse impact has increased significantly. The economic development is extremely unusual. The unexpected factors have brought serious impact, and the downward pressure on the economy in the second quarter has increased significantly. In the face of extremely complex and difficult situations, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, all regions and departments have thoroughly implemented the decisions and deployments of the CPC Central Committee and the State Council, efficiently coordinated epidemic prevention and control and economic and social development, and intensified efforts to adjust macro policies. , Effectively implement a package of policies and measures to stabilize the economy, the rebound of the epidemic has been effectively controlled, the national economy has stabilized and rebounded, the margin of production demand has been improved, market prices have been basically stable, people’s livelihood has been effectively guaranteed, the high-quality development trend has continued, and the overall social situation has remained stable.

The economy withstood the pressure and achieved positive growth in the first and second quarters

Major economic indicators fell deeply in April. Faced with the ever-increasing new downward pressure, the Party Central Committee and the State Council made scientific decisions, implemented timely and decisive policies, insisted on not engaging in “flooding”, and implemented the policies and measures of the Central Economic Work Conference and the “Government Work Report” ahead of time. The overall thinking and policy orientation of the government, the introduction of a package of policy measures to stabilize the economy, and the convening of a national video and teleconference to deploy and stabilize the overall economic market, the effect of the policy appeared quickly. The decline in major economic indicators narrowed in May, the economy stabilized and rebounded in June, and the economy achieved positive growth in the second quarter. According to preliminary calculations, the GDP in the first half of the year was 56,264.2 billion yuan, a year-on-year increase of 2.5% at constant prices. In terms of different industries, the added value of the primary industry was 2913.7 billion yuan, a year-on-year increase of 5.0%; the added value of the secondary industry was 22863.6 billion yuan, an increase of 3.2%; the added value of the tertiary industry was 30486.8 billion yuan, an increase of 1.8%. Among them, the GDP in the second quarter was 29,246.4 billion yuan, a year-on-year increase of 0.4%. In terms of different industries, the added value of the primary industry in the second quarter was 1818.3 billion yuan, a year-on-year increase of 4.4%; the added value of the secondary industry was 12,245 billion yuan, an increase of 0.9%; the added value of the tertiary industry was 15,183.1 billion yuan, a decrease of 0.4%.

2. Another bumper harvest of summer grains and stable growth of animal husbandry

In the first half of the year, the added value of agriculture (planting) increased by 4.5% year-on-year. The total output of summer grain in the country was 147.39 million tons, an increase of 1.434 million tons or 1.0% over the previous year. The agricultural planting structure continued to be optimized, and the sown area of ​​economic crops such as rapeseed increased. In the first half of the year, the output of pork, beef, mutton and poultry was 45.19 million tons, a year-on-year increase of 5.3%. Among them, the output of pork, beef and mutton increased by 8.2%, 3.8% and 0.7% respectively, and the output of poultry meat decreased by 0.8%; the output of milk increased by 8.4%, and the output of poultry meat increased by 8.4%. Egg production increased by 3.5%. In the second quarter, the output of pork, beef, mutton and poultry increased by 1.6% year-on-year, of which pork increased by 2.4%. At the end of the second quarter, the number of live pigs was 430.57 million, a year-on-year decrease of 1.9%, including 42.77 million breeding sows and 365.87 million live pigs, an increase of 8.4%.

3. Industrial production has stabilized and rebounded, and high-tech manufacturing has developed rapidly

In the first half of the year, the added value of industrial enterprises above designated size increased by 3.4% year-on-year. In terms of three categories, the added value of the mining industry increased by 9.5% year-on-year, the manufacturing industry increased by 2.8%, and the production and supply of electricity, heat, gas and water increased by 3.9%. The added value of high-tech manufacturing increased by 9.6% year-on-year, 6.2 percentage points faster than that of all industries above designated size. In terms of economic types, the added value of state-controlled enterprises increased by 2.7% year-on-year; joint-stock enterprises increased by 4.8%, foreign-invested enterprises, Hong Kong, Macao and Taiwan-invested enterprises decreased by 2.1%; private enterprises increased by 4.0%. In terms of products, the output of new energy vehicles, solar cells and mobile communication base station equipment increased by 111.2%, 31.8% and 19.8% respectively year-on-year.

In the second quarter, the added value of industrial enterprises above designated size increased by 0.7% year-on-year. Among them, the added value of industries above designated size in April fell by 2.9% year-on-year; the growth rate in May turned from negative to positive, up 0.7%; in June, it increased by 3.9%, 3.2 percentage points higher than the previous month, and a month-on-month increase of 0.84%. In June, the manufacturing purchasing managers’ index was 50.2 percent, an increase of 0.6 percentage points from the previous month; the enterprise production and business activity expectation index was 55.2 percent, an increase of 1.3 percentage points. From January to May, the national industrial enterprises above designated size realized a total profit of 3.441 trillion yuan, a year-on-year increase of 1.0%.

4. The service industry is gradually recovering, and the modern service industry has a good growth momentum

In the first half of the year, the added value of the service industry increased by 1.8% year-on-year. Among them, the added value of information transmission, software and information technology services, and the financial industry increased by 9.2% and 5.5% respectively. In the second quarter, the added value of the service industry fell by 0.4% year-on-year. In April, the service industry production index fell by 6.1% year-on-year; in May, the decline narrowed to 5.1%; in June, the decline turned to an increase, an increase of 1.3%. From January to May, the operating income of service industry enterprises above designated size increased by 4.6% year-on-year, 0.4 percentage points faster than that from January to April. In June, the service industry business activity index was 54.3 percent, up 7.2 percentage points from the previous month. From the perspective of the industry, the business activity indices of retail, railway transportation, road transportation, air transportation, postal services, monetary and financial services, capital market services and other industries are in the high prosperity range of over 55.0%. In terms of market expectations, the service industry business activity expectation index was 61.0 percent, up 5.8 percentage points from the previous month.

5. Market sales have improved, and retail sales of basic living goods have grown rapidly

In the first half of the year, the total retail sales of consumer goods was 21,043.2 billion yuan, a year-on-year decrease of 0.7%. According to the location of business units, the retail sales of urban consumer goods was 18270.6 billion yuan, down 0.8%; the retail sales of rural consumer goods was 2772.6 billion yuan, down 0.3%. In terms of consumption types, retail sales of goods were 19,039.2 billion yuan, up 0.1%; catering revenue was 2,004 billion yuan, down 7.7%. Basic living consumption grew steadily, and the retail sales of grain, oil, food and beverages by units above designated size increased by 9.9% and 8.2% respectively. The national online retail sales reached 6,300.7 billion yuan, an increase of 3.1%. Among them, the online retail sales of physical goods was 5,449.3 billion yuan, an increase of 5.6%, accounting for 25.9% of the total retail sales of social consumer goods. In the second quarter, the total retail sales of consumer goods fell by 4.6% year-on-year. Among them, the total retail sales of consumer goods in April fell by 11.1% year-on-year; in May, the decline narrowed to 6.7%; in June, the decline turned to increase, up 3.1% year-on-year and 0.53% month-on-month.

6. Fixed asset investment continued to grow, and investment in high-tech industries and social fields grew rapidly

In the first half of the year, the national fixed asset investment (excluding farmers) was 27,143 billion yuan, a year-on-year increase of 6.1%. In terms of different fields, infrastructure investment increased by 7.1%, manufacturing investment increased by 10.4%, and real estate development investment decreased by 5.4%. The sales area of ​​commercial housing nationwide was 689.23 million square meters, down 22.2%; the sales volume of commercial housing was 6,607.2 billion yuan, down 28.9%. In terms of different industries, the investment in the primary industry increased by 4.0%, the investment in the secondary industry increased by 10.9%, and the investment in the tertiary industry increased by 4.0%. Private investment increased by 3.5%. Investment in high-tech industries increased by 20.2%, of which investment in high-tech manufacturing and high-tech service industries increased by 23.8% and 12.6% respectively. In the high-tech manufacturing industry, investment in electronics and communication equipment manufacturing, medical equipment and instrumentation manufacturing increased by 28.8% and 28.0% respectively; in the high-tech service industry, investment in scientific and technological achievements transformation services and R&D and design services increased by 13.6%. %, 12.4%. The investment in the social field increased by 14.9%, of which the investment in health and education increased by 34.5% and 10.0% respectively. In the second quarter, investment in fixed assets (excluding farmers) increased by 4.2% year-on-year. Among them, the growth rate in April was 1.8%, the growth rate accelerated to 4.6% in May, and the growth rate further recovered to 5.6% in June. In June, fixed asset investment (excluding rural households) increased by 0.95% month-on-month.

7. The import and export of goods grew rapidly, and the trade structure continued to be optimized

In the first half of the year, the total import and export of goods was 19802.2 billion yuan, a year-on-year increase of 9.4%. Among them, exports were 11,141.7 billion yuan, an increase of 13.2%; imports were 8,660.5 billion yuan, an increase of 4.8%. Imports and exports were balanced, with a trade surplus of 2,481.2 billion yuan. The import and export of general trade increased by 13.1%, accounting for 64.2% of the total import and export, an increase of 2.1 percentage points over the same period of the previous year. The import and export of private enterprises increased by 13.6%, accounting for 49.6% of the total import and export, an increase of 1.9 percentage points over the same period of the previous year. The import and export of mechanical and electrical products increased by 4.2%, accounting for 49.1% of the total import and export. In June, the total import and export volume was 3,765.7 billion yuan, a year-on-year increase of 14.3%. Among them, exports were 2,207.9 billion yuan, an increase of 22.0%; imports were 1,557.8 billion yuan, an increase of 4.8%.

8. Consumer prices rose moderately, while industrial producer prices continued to decline

In the first half of the year, the national consumer price (CPI) rose by 1.7% year-on-year. In terms of categories, the prices of food, tobacco and alcohol increased by 0.4% year-on-year, clothing prices increased by 0.5%, housing prices increased by 1.2%, daily necessities and services prices increased by 1.0%, transportation and communication prices increased by 6.3%, education, culture and entertainment prices increased by 2.3%, medical Health care prices rose 0.7 percent, while other supplies and services rose 1.2 percent. Among the prices of food, tobacco and alcohol, pork prices fell by 33.2%, grain prices rose by 2.4%, fresh fruit prices rose by 12.0%, and fresh vegetables prices rose by 8.0%. The core CPI, which excludes food and energy prices, rose 1.0%. In the second quarter, the national consumer price rose by 2.3% year-on-year. Among them, the consumer price in April and May both increased by 2.1% year-on-year; in June, it increased by 2.5% year-on-year, which was unchanged from the previous month.

In the first half of the year, the national ex-factory price for industrial producers rose by 7.7% year-on-year, and in the second quarter, it rose by 6.8% year-on-year. Among them, April and May increased by 8.0% and 6.4% year-on-year respectively; in June, it increased by 6.1% year-on-year, which was flat month-on-month. In the first half of the year, the purchase price of industrial producers nationwide rose by 10.4% year-on-year, and in the second quarter, it rose by 9.5% year-on-year. Among them, April and May increased by 10.8% and 9.1% year-on-year respectively; in June, it increased by 8.5% year-on-year and 0.2% month-on-month.

9. The employment situation has improved, and the urban surveyed unemployment rate has fallen

In the first half of the year, 6.54 million new jobs were created in urban areas across the country. The surveyed unemployment rate in urban areas nationwide averaged 5.7 percent, and the average in the second quarter was 5.8 percent. In April, the national urban surveyed unemployment rate was 6.1%; In June, the unemployment rate of the local household registration population survey was 5.3%; the unemployment rate of the migrant household registration population survey was 5.8%, of which the unemployment rate of the migrant agricultural household registration population survey was 5.3%. The surveyed unemployment rates for the 16-24 and 25-59 age groups were 19.3% and 4.5%, respectively. The surveyed urban unemployment rate in 31 large cities was 5.8 percent, down 1.1 percentage points from the previous month. The average weekly working hours of employees in enterprises nationwide was 47.7 hours. At the end of the second quarter, there were 181.24 million migrant rural laborers.

10. Residents’ income grew steadily, and the ratio of per capita income of urban and rural residents narrowed

In the first half of the year, the per capita disposable income of national residents was 18,463 yuan, a nominal increase of 4.7% year-on-year; a real increase of 3.0% after deducting price factors. By permanent residence, the per capita disposable income of urban residents was 25,003 yuan, a year-on-year increase of 3.6% in nominal terms and a real increase of 1.9%; the per capita disposable income of rural residents was 9,787 yuan, a year-on-year increase of 5.8% in nominal terms and 4.2% in real terms. In terms of sources of income, the per capita wage income, net business income, net property income and net transfer income of national residents increased by 4.7%, 3.2%, 5.2% and 5.6% in nominal terms respectively. The ratio of per capita income of urban and rural residents was 2.55, down 0.06 from the same period of the previous year. The national median per capita disposable income of residents was 15,560 yuan, a nominal increase of 4.5% year-on-year.

In general, a series of solid and stable economic policies have achieved remarkable results. my country’s economy has overcome the adverse effects of unexpected factors, and has shown a trend of stabilization and recovery. Especially in the second quarter, the economy has achieved positive growth and stabilized the economic market. The results are hard-won. However, it should also be noted that the risk of stagflation in the world economy is on the rise, the policies of major economies tend to be tightened, external factors of instability and uncertainty have increased significantly, the impact of the domestic epidemic has not been completely eliminated, demand contraction and supply shocks are intertwined, structural contradictions and cyclical The problems are superimposed, the operation of market entities is still relatively difficult, and the foundation for sustained economic recovery is not stable. In the next stage, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, implement the new development concept in a complete, accurate and comprehensive manner, and efficiently coordinate epidemic prevention and control and development in accordance with the requirements of preventing the epidemic, stabilizing the economy, and ensuring safe development. Economic and social development, seize the critical period of economic recovery, pay close attention to the implementation of a package of policies to stabilize the economy, and continue to do a good job in the “six stability” and “six guarantees” work, continue to increase efficiency and activation, and continue to consolidate the foundation for economic stability and recovery to ensure The economy is operating within a reasonable range. thanks.

A reporter asked

Phoenix TV reporter:

We saw a decline in economic growth in the second quarter due to the severe impact of the epidemic. What do you think about this? Can the Chinese economy achieve sustainable recovery in the next stage?

Fu Linghui:

In the second quarter, due to the complex evolution of the international environment and the impact of domestic epidemics and other unexpected factors, the downward pressure on the economy increased significantly. Under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, all regions and departments have efficiently coordinated epidemic prevention and control and economic and social development, and implemented a package of policies and measures to stabilize the economy. Mainly have the following characteristics:

In the first and second quarters, my country’s economy withstood the pressure and achieved positive growth. Under the conditions of the impact of the epidemic in April and the year-on-year decline of major indicators, all parties intensified efforts to stabilize growth, actively promoted the smooth flow of logistics, withstood the downward pressure on the economy, promoted the stabilization and recovery of the economy, and ensured the positive impact of the second quarter. increase. In the second quarter, GDP grew by 0.4% year-on-year. Industry and investment continued to grow. In the second quarter, the added value of industrial enterprises above designated size increased by 0.7% year-on-year, and the investment in fixed assets increased by 4.2% year-on-year.

Second, from a monthly perspective, the economy has gradually recovered since May. Affected by unexpected factors in April, the main indicators declined significantly. With the overall improvement of epidemic prevention and control, the orderly resumption of work and production of enterprises, a series of policies and measures to stabilize growth have been effective. In May, the economy stopped the downward trend in April, and in June, major economic indicators stabilized and rebounded. In terms of production, the added value of industrial enterprises above designated size increased by 3.9% year-on-year in June, 3.2 percentage points higher than the previous month; the service industry production index also changed from a decrease of 5.1% in the previous month to an increase of 1.3%; in terms of demand, the retail sales of consumer goods in June The total amount changed from a decrease of 6.7% in the previous month to an increase of 3.1%; exports increased by 22%, 6.7 percentage points faster than the previous month. From a regional perspective, in June, among the 31 provinces, autonomous regions and municipalities, the year-on-year growth rate of industrial added value above designated size in 21 regions rebounded from the previous month, accounting for 67.7%; the growth rate of retail sales of consumer goods for units above designated size in 30 regions rebounded from the previous month, accounting for 96.8%.

Third, the overall employment price