Economy Expands 4.7% Year-on-Year in H1 2026: A 10-Point Summary

Deep News07-15

On July 15, the State Council Information Office held a press conference to detail the performance of the national economy in the first half of 2026. According to preliminary calculations presented by Mao Shengyong, Deputy Director of the National Bureau of Statistics, the nation's Gross Domestic Product (GDP) for the first six months reached 69.5704 trillion yuan, representing a year-on-year growth of 4.7% when calculated at constant prices.

Multiple data points indicate that the national economy withstood pressures to operate within a reasonable range during this period. Production and supply maintained rapid growth, the employment situation remained broadly stable, and prices experienced a moderate increase.

Furthermore, foreign trade demonstrated robust growth momentum, new economic drivers developed swiftly, efforts to ensure people's livelihoods were effective, and the economy's inherent resilience was consistently evident.

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