China's GDP growth rate in the first half of the year is stronger than the global average.

The International Monetary Fund raised its forecast for China's economic growth in 2017 for the third time this year; Bloomberg increased its economic growth forecast by 0.1 percentage points in the third and fourth quarters respectively; Standard Chartered Bank raised its annual economic growth forecast from 6.6% to 6.8%, and China is expected to achieve its first accelerated growth since 2010; JPMorgan Chase said that “China is expected to continue to be the 'stabilizer' of the global economy”... In the midsummer, China’s economic year-end answer is very eye-catching, and GDP growth in the first half of the year continued to remain at 6.9%. It is significantly higher than the global average, and the economic data exceeding expectations has won praises from many international organizations. Getting such a beautiful transcript depends on the strong resilience of the Chinese economy.
Strong economic resilience thanks to structural optimization.
In the first half of the year, the contribution rate of final consumption expenditure to China's economic growth reached 63.4%; the contribution of service industry growth to national economic growth was 59.1%. Consumption continues to play a fundamental role in economic growth. The service industry continues to play the role of the main engine of economic growth and becomes the key to maintaining the resilience of the Chinese economy. China's economic growth rate has remained in the range of 6.7%-6.9% for eight consecutive quarters.
Strong economic resilience stems from power conversion.
In Shanghai, the streets and lanes are easy to scan, and 13 kinds of shared bicycles such as yellow orange green and white have become the favorite of the people in the transportation connection. In Beijing, the Boston Lobster in the “Box Horse Fresh” e-commerce store has become a hot item, “cooking area” In Shenzhen, the export volume of drones reached a new high of 4.69 billion yuan in half a year, nearly doubled year-on-year. Only Xinjiang has occupied 70% of the global consumer-grade drone market share... Driven by the implementation of development strategies, new technologies, new industries, and new businesses have grown up, and new kinetic energy, represented by strategic new industries and shared economies, has grown and become a new force supporting economic growth.
Strong economic resilience is inseparable from good fundamentals.
As the largest developing country and the second largest economy in the world, China has a solid material foundation, abundant human capital and broad market space. It is in the process of simultaneous development of new industrialization, informationization, urbanization and agricultural modernization, and will continue to grow for the economy. Inject huge energy.
Resilience and power are not from the sky, nor on the "big water flood irrigation", but on the "China program" of supply-side structural reform.
"The key to achieving better results in the first half of the year is that since the 18th National Congress of the Communist Party of China, the Party Central Committee has made a major judgment on the economic development into a new normal, solved the problem of how everyone understands the economic situation, and proposed a new development concept. In order to guide and adopt the supply-side structural reform as the main line of the policy framework, and at the same time adhere to the overall tone of the steady progress of the work. The steady and positive economic situation once again proves that the Party Central Committee made major judgments on the economic situation and made economic work. Major decisions and major adjustments to the ideological methods of economic work are completely correct and in line with reality." The relevant responsible comrades of the Central Financial and Economic Leading Group Office said.
Reform promotes transformation, activation, risk, and confidence. In the first half of the year, there were about 16,000 new daily registered enterprises in the country, more than double the number before the reform of the commercial system, which effectively promoted innovation and entrepreneurship. In the second quarter, the prosperity index of China's small and micro-industry enterprises was 96.5%, reaching the highest value in two years. The added value of industrial enterprises above designated size increased by 6.9% year-on-year in the first half of the year, setting the best result of industrial operation since 2015, indicating that the revitalization of the real economy has achieved initial results and the gold content of development is getting higher and higher.
"China's economic miracle has not ended, but entered the second stage." The judgment of the US "Forbes" magazine reflects the world's confidence and expectations for the Chinese economy. China's economic trains are on the track and steady.