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China Daily / 2023-07 / 26 / Page008

Country on solid footing to realize economic goals

China Daily | Updated: 2023-07-26 00:00

A meeting of the top authorities on Monday pointed out that China's economy continues to recover, high-quality development has made steady advancement, industrial upgrading has achieved progress, and food and energy security has been effectively guaranteed.

In the first half of the year, China's GDP grew by 5.5 percent year-on-year, significantly faster than the 3 percent growth for last year and the 4.5 percent average annual growth rate in the three years of the pandemic. The contribution of final consumption expenditure to economic growth has reached 77.2 percent, higher than last year, and the added value of the service sector accounted for 56 percent of GDP, contributing 66.1 percent to economic growth. All this proves that China's economy has great resilience and potential.

All parties should work harder to fully implement the spirit of the top-level meeting, consolidate the foundation of economic recovery, and promote a sustained economic turnaround.

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