▪️ Gross domestic product (GDP) of China increased by 5.5% year on year and reached 59.3 trillion yuan (about $8.3 trillion). In the second quarter, the country’s GDP increased by 6.3% year on year.
▪️ Consumer goods retail sales in China increased 8.2% year on year, up 2.4 percentage points from the first quarter, to about 22.76 trillion yuan.
▪️ The country’s value-added industrial production, an important economic indicator for China, rose 3.8% year on year.
▪️ Fixed investment in China increased by 3.8% year on year.
▪️ The volume of production of additional services in the country grew by 6.4% year on year. The growth rate accelerated by 1 percentage point compared to the rate recorded in the first quarter.
▪️ China’s urban unemployment rate stood at 5.3% in the first half of 2023, down 0.2 percentage points from the first quarter. On a monthly basis, the indicator did not change compared to May and amounted to 5.2%.
▪️ China’s per capita income was 19,672 yuan, up 6.5% year on year in nominal terms. After deducting price factors, per capita disposable income rose 5.8 percent from the previous year.
Economic indicators in China for the first half of 2023
▪️ Gross domestic product (GDP) of China increased by 5.5% year on year and reached 59.3 trillion yuan (about $8.3 trillion). In the second quarter, the country’s GDP increased by 6.3% year on year. ▪️ Consumer goods retail sales in China increased 8.2% year on year, up 2.4 percentage points from the first quarter, to…
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