Analysis On China Economic Semi-Annual Report In 2019 by National Unversity of Singapore

In the first half of this year, the Chinese GDP reached 45093.3 billion yuan, an increase of 6.3% over the same period last year. The nationwide fixed asset investment (excluding farmers) is 299 billion yuan, an increase of 5.8% from last year. The total retail sales of consumer goods amounted to 1952.1 billion yuan, with an 8.4% nominal increase over the same period last year. Chinese residents' disposable income per capita was 15,294 yuan, with an increase of 8.8% in nominal terms over the same period last year. It increased by 6.5% in addition to the price factor.

In general, the operation of the national economy is in a reasonable range in the first half of the year, continuing the stable, steady, and progressive trend of development. However, we must also see that the current domestic and international economic situation is still complicated; global economic growth has slowed down, increasing the external instability and uncertainties. The insufficiency and imbalance in domestic development are still problematic, and the economy is facing new downward pressure.