A look at China's economic data in H1 of 2024

Source：CHINA SPORTING GOODS FEDERATIONRelease time：2024-08-26Clicks：

Article From：chinadaily

China's economy demonstrated a stable expansion in the first half of 2024, which was underpinned by policy incentives, a rebound in external demand, and the emergence of new quality productive forces

GDP grows 5% year-on-year at 61.68 trillion yuan in H1

Value-added industrial output up 6% year-on-year in H1

Retail sales of consumer goods up 3.7% at 23.6 trillion yuan in H1

Consumer price index up 0.1% in H1

Producer price index down 2.1% in H1

Urban surveyed unemployment rate at 5.1% in H1

Fixed-asset investment up 3.9% at 24.54 trillion yuan in H1

Foreign trade of goods up 6.1% at 21.17 trillion yuan in H1

Manufacturing PMI at 49.5 in June

Property investment down 10.1% in H1

Electricity consumption up 8.1% in H1

New yuan-denominated loans at 13.27 trillion yuan in H1

Production index of the service sector up 4.7% in June

Fiscal revenue at 11.59 trillion yuan down 2.8% in H1

Sources:

Ministry of Finance

Ministry of Commerce

The people’s Bank of China

National Bureau of Statistics

National Energy Administration

General Administration of Customs