National economy shows steady performance in H1_BOCOG Official Releases

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National economy shows steady performance in H1

活动描述

At a press conference on July 17, Li Xiaochao, Director-general of the Department of Comprehensive Statistics and spokesperson of National Bureau of Statistics briefs international media on the national economic performance in the first half of this year. China.org.cn presents live coverage of the press conference.

文字内容：

Guo Weimin:
Good morning, ladies and gentlemen. Today we have with us Mr. Li Xiaochao, Director-general of the Department of Comprehensive Statistics and spokesperson of National Bureau of Statistics to brief on the national economic performance in the first half of this year.
2008-07-17 09:40:24
Li Xiaochao:
In the first half of 2008, the regions and departments at all levels carefully implemented various policies and measures set by the central government on economic work, overcame the difficulties brought about by grief natural disasters one after another and actively responded to the complex and changing international economic situation. All those efforts lead the national economy to move toward the expected direction set out by the macro-control policies, and the national economy maintained the momentum of steady and fast growth.

2008-07-17 09:42:45
Li Xiaochao:
According to preliminary estimation, in the first half of this year, the gross domestic product (GDP) of China was 13,061.9 billion yuan, a year-on-year growth of 10.4 percent after deducting price factors, or 1.8 percentage points lower over that a year earlier. Of this total, the value added of the primary industry was 1,180.0 billion yuan, up 3.5 percent or 0.5 percentage point lower; that of the secondary industry was 6,741.9 billon yuan, up 11.3 percent, or down by 2.4 percentage points; that of the tertiary industry was 5,140.0 billion yuan, up 10.5 percent, or 1.6 percentage points lower.
2008-07-17 09:44:42
Li Xiaochao:
1.The overall situation of agricultural production was good with bumper harvest in summer crops.

According to preliminary estimation, the total output of summer grain was 120.41 million tons, an increase of 3.04 million tons, up 2.6 percent, which was the fifth successive year of increased output. The unit output of summer grain was 299.5 kilograms or 7.2 kilos over that in the same period last year, up 2.5 percent, which was the fifth successive year with record increase. The output of meat was 31.92 million tons, a year-on-year growth of 4.8 percent. The total stocks of pigs rose by 3.7 percent while the number of slaughtered pigs grew by 5.0 percent.
2008-07-17 09:46:14
Li Xiaochao:
2.The industrial production slowed down while profits made by enterprises continued to grow.

In the first half of this year, the total value added of the industrial enterprises above designated size was up 16.3 percent (16.0 percent in June) year-on-year, which was 2.2 percentage points lower than that in the same period last year. Of this total, the growth in the first quarter was 16.4 percent, and that in the second quarter was 15.9 percent. Analysis on different types of enterprises showed that the value added growth of the state-owned and holding enterprises went up by 12.7 percent; collective enterprises, 10.5 percent; share-holding enterprises, 18.8 percent; and 14.3 percent growth for enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan provinces.
2008-07-17 09:48:18
Li Xiaochao:
The year-on-year growth of heavy industry was 17.3 percent, down by 2.2 percentage points, and that of the light industry was 13.8 percent, down by 2.6 percentage points. The production and market of industrial products went on well. In the first half of this year, the sales ratio of industrial products was 97.7 percent, up 0.2 percentage point over that a year earlier.
2008-07-17 09:50:46
Li Xiaochao:
In the first five months of this year, the profits made by industrial enterprises above designated size stood at 1,094.4 billion yuan, a year-on-year growth of 20.9 percent, or 21.2 percentage points lower than that in the same period last year. Among the 39 industrial divisions, 34 divisions registered year-on-year growth with profits. The top five divisions of profits were petroleum and natural gas exploitation; non-ferrous metal smelting and pressing; manufacturing of transportation equipment; manufacturing of raw chemical materials and chemical products and coal mining and washing. If the processing of petroleum, coking, processing of nuclear fuel, and the production and supply of electric power and heat power were excluded, the year-on-year growth of profits made by the rest sectors would be 38.4 percent, or 7.6 percentage points higher.
2008-07-17 09:52:09
Li Xiaochao:
3.Investment in fixed assets registered steady and fast growth with improved structure.

In the first half of this year, China's investment in fixed assets was 6,840.2 billion yuan, a year-on-year growth of 26.3 percent, or 0.4 percentage point higher. Of this total, the investment in urban areas reached 5,843.6 billion yuan, up 26.8 percent (29.5 percent growth in June), or 0.1 percentage point higher; and that in rural areas was 996.6 billion yuan, up 23.2 percent, or 1.7 percentage points higher.
2008-07-17 09:54:33
Li Xiaochao:
Of the total investment in urban areas, the investment in the primary industry, secondary industry and the tertiary industry went up by 69.5 percent, 26.6 percent and 26.2 percent respectively, of which that in the primary industry was 32.0 percentage points higher than that in the same period last year; that in eastern, central and western areas grew by 22.4 percent, 35.3 percent and 28.6 percent respectively. Investment in central and western regions grew faster than that in eastern regions.
2008-07-17 09:56:02
Li Xiaochao:
4.Domestic sales increased rapidly both urban and rural markets.

In the first half of this year, the total retail sales of consumer goods reached 5,104.3 billion yuan, a year-on-year growth of 21.4 percent (23.0 percent growth in June), which was 6.0 percentage points higher over a year earlier. Of this total, the retail sales in urban areas stood at 3,481.9 billion yuan, up 22.1 percent, and the retail sales at and below country level were 1,622.4 billion yuan, up 20.0 percent. Grouped by different sectors, the sales by wholesale and retail businesses was 4,306.8 billion yuan, up 21.3 percent, and that by lodging and catering industry was 720.7 billion yuan, up 24.0 percent.
2008-07-17 09:58:23
Li Xiaochao:
5.The growth rate of consumer prices dropped while the producer prices continued to rise.

In the first half of this year, the consumer price index went up by 7.9 percent (7.1 percent growth in June, year-on-year, down by 0.6 percentage point over the previous month, the month-on-month change declined by 0.2 percent), 0.2 percentage point lower than that in the first five months of this year. The prices rose by 7.6 percent in cities and 8.6 percent in rural areas. Grouped by commodity categories, prices for food rose by 20.4 percent, contributing 6.64 percentage points to the overall price rise; and prices for housing were up 6.9 percent, contributing another 1.02 percentage points. Prices for other categories of commodities witnessed light rises or drops.
2008-07-17 10:01:53
Li Xiaochao:
In the first half of this year, the retail prices of commodities rose by 7.5 percent year-on-year (7.1 percent growth in June), or 5.1 percentage points higher. The producer prices for manufactured goods went up by 7.6 percent (8.8 percent growth in June), which was 4.8 percentage points higher over that in the same period last year. The purchaser prices for raw material, fuel and power rose by 11.1 percent (13.5 percent growth in June), or 7.3 percentage points higher. The year-on-year growth of the prices for housing in 70 large and medium-sized cities went up by 10.2 percent (8.2 percent in June), which was 4.2 percentage points higher than a year earlier.
2008-07-17 10:03:20
Li Xiaochao:
6.The growth rate of export dropped to some extent and a rapid growth was seen in foreign direct investment.

In the first half of this year, the total value of imports and exports was US$ 1,234.2 billion, a year-on-year growth of 25.7 percent or 2.4 percentage points higher over that in the same period last year. The value of exports was US$ 666.6 billion, up 21.9 percent or 5.7 percentage points lower and that of the imports was US$ 567.6 billion, up 30.6 percent, or 12.4 percentage points higher.
2008-07-17 10:05:47
Li Xiaochao:
China had a trade surplus of US$ 99.0 billion, a decrease of US$ 13.2 billion over that in the same period last year. In the first half of this year, the total value of foreign direct investment actually utilized was US$ 52.4 billion, up 45.6 percent, or 33.4 percentage points higher than that a year earlier. By the end of June, the foreign exchange reserves of China stood at US$ 1,808.8 billion, a year-on-year growth of 35.7 percent.
2008-07-17 10:07:19
Li Xiaochao:
7.New employment in urban areas increased steadily with a continued rise of income of urban and rural residents.

In the first half of this year, the new employment in urban areas was 6.40 million people, fulfilling 64 percent of the target set for the whole year. A total number of 2.82 million laid-off workers were reemployed, fulfilling 56 percent of the yearly target. Another total of 770 thousand people with difficulties in finding jobs were employed, fulfilling 77 percent of the yearly target.
2008-07-17 10:09:41
Li Xiaochao:
In the first half of this year, the per capita disposable income of urban residents was 8,065 yuan, a year-on-year growth of 14.4 percent, or a real growth of 6.3 percent after deducting price factors. The cash income of rural residents was 2,528 yuan, up 19.8 percent or a real growth of 10.3 percent.
2008-07-17 10:11:06
Li Xiaochao:
8.Money supply was basically stable with an increase of the savings deposits by a large margin.

By the end of June, the broad money (M2) was 44.3 trillion yuan, a year-on-year growth of 17.4 percent, or 0.3 percentage point higher; the narrow money (M1) was 15.5 trillion yuan, up 14.2 percent, down by 6.7 percentage points; and the cash in circulation (M0) was 3,018.1 billon yuan, up 12.3 percent or down by 2.3 percentage points. The outstanding RMB loans of all financial institutions increased by 28,619.9 billion yuan, an increase of 2,452.5 billion yuan over that at the beginning of this year, a deceleration of 89.9 billion yuan over the same period last year.
2008-07-17 10:13:50
Li Xiaochao:
The outstanding RMB deposits of all financial institutions was 43,898.9 billion yuan, an increase of 4,964.9 billion yuan over that at the beginning of this year, or an acceleration of 1,577.4 billion yuan year-on-year. The net withdrawal of money was 19.4 billion yuan, an increase of 240 million yuan over the same period last year.
2008-07-17 10:15:17
Li Xiaochao:
The outstanding problems existing in the current economic performance include: the pressure on rapid prices' rise is still high; there are factors to constrain steady agricultural production and raise the income of rural residents; the international financial situation is severe, and there are uncertainties in world economic development. In the future, we should adhere to the scientific outlook on development, carefully implement the decisions and plans made by the Central Economic Working Conference, maintain the stability and consistency of the macro-economic policies, further enhance the foresight, relevance and flexibility of the macro policies, and make our efforts to promote a sound and fast growth of the national economy.
2008-07-17 10:17:53