CCTV News (News Broadcast): The State Council Information Office held a press conference on July 15. Data released by the National Bureau of Statistics showed that in the first half of this year, China’s economy withstood pressure and effectively responded to external shocks and challenges. Its GDP increased by 4.7% year-on-year, continuing the overall stable, new and excellent development trend, showing strong resilience and vitality.

The economic operation is generally stable, and the main indicators are operating within a reasonable range.In the first half of this year, the total GDP reached 69.6 trillion yuan, a year-on-year increase of 4.7%, and the growth rate was in line with the expected economic growth target for the whole year.

In the first half of this year, the geopolitical conflict in the Middle East severely impacted the global energy supply. my country focused on independent production and diversified imports on the other. In the first half of the year, the production of major energy products was stable and imports were independently controllable, which well met various energy needs in production and life.The increase in summer grain production and bumper harvest have further consolidated the foundation of food security, and the resilience of China's economic development continues to be demonstrated.

In the first half of this year, my country's economy has steadily accelerated in a new direction, and new driving forces have grown stronger.Traditional industries achieve green transformation, development and quality improvement through digital transformation.High-tech industries, modern service industries, and digital industries represent accelerated growth of new technologies and new field industries.In the first half of the year, the added value of high-tech manufacturing above designated size increased by 13.3% year-on-year, and industries such as integrated circuit manufacturing and smart vehicle equipment manufacturing related to artificial intelligence maintained high growth rates of more than 30%.The production scale of integrated circuits reached 279.8 billion pieces, which is equivalent to the average daily production of more than 1.5 billion integrated circuits.

Quality and efficiency will be optimized and improved, and economic development will be better.In the first half of the year, the proportion of manufacturing industry increased steadily, and the added value of manufacturing industry accounted for 26.2% of GDP.

The contribution of the service industry continues to increase.In the first half of the year, the added value of the service industry increased by 5.2% year-on-year, accounting for 59.5% of GDP, and contributed 66.1% to economic growth, nearly 6 percentage points higher than the same period last year. It is the main driving force for economic growth.

Consumption improvement and expansion.In the first half of the year, the total retail sales of consumer goods and services increased by 2.7% year-on-year, and service consumption showed good growth momentum.In the first half of the year, retail sales of services increased by 5.3% year-on-year, 4.2 percentage points faster than retail sales of goods.The growth potential of digital consumption and green consumption is accelerating, and more smart and green products have entered people's lives.