Beijing, July 15: The Press Office of the State Council of China held a press conference on Tuesday morning, where the National Bureau of Statistics released economic figures for the first half of this year.
The data indicates that during the first half of 2026, China’s economy faced pressure but operated within a reasonable range. Key highlights include a relatively rapid increase in production and supply, a generally stable employment situation, slight price increases, robust growth in foreign trade, and a significant rise in new development drivers. The government also ensured strong and effective protection of people’s livelihoods while demonstrating ongoing economic resilience.
According to preliminary estimates, China’s Gross Domestic Product (GDP) for the first half of the year reached 69.5704 trillion yuan, reflecting a 4.7% increase compared to the same period last year at constant prices.
Additionally, the National Bureau of Statistics reported that in June 2026, the sales prices of commercial residential buildings in first-tier cities increased compared to May, while prices in second and third-tier cities either fell or remained stable. The gap in annual sales price declines across all three categories is narrowing. The number of cities reporting month-on-month increases in new commercial residential building prices has consistently risen since May.
The Bureau also noted a real increase of 5.3% in the value-added of industries above a designated size in June compared to the previous year, which is 0.8% higher than in May. From January to June, the value-added of these industries grew by 5.4% year-on-year.
(Source: China Media Group, Beijing)
Leave a Comment