National Economic Development in the 57th Anniversary of the Founding of the People's Republic of China

In the first half of 2006, China's economy grew steadily and rapidly. In the first half of the year, all regions and departments, in accordance with the requirements of comprehensively implementing the scientific concept of development, building a harmonious socialist society and constructing an innovative country, actively implemented the guidelines and policies determined by the central government, and pushed forward the various tasks in a solid manner, so that the national economy was in a good situation in general.

1, the national economy steady and rapid growth. Preliminary accounting, in the first half of the year, the gross domestic product 9144.3 billion yuan, an increase of 10.9%, the growth rate of 0.9 percentage points faster than the same period last year. Among them, the primary industry added value of 828.8 billion yuan, an increase of 5.1%; secondary industry added value of 468.0 billion yuan, an increase of 13.2%; tertiary industry added value of 3,635.5 billion yuan, an increase of 9.4%.

2. Agricultural production is in good shape. Summer grain harvest for the third consecutive year, the total output reached 113.8 billion kilograms, an increase of 7.4 billion kilograms, an increase of 7.0%. Early rice growth is better. In the first half of the year, pigs, cattle, sheep and poultry meat production of 36.05 million tons, an increase of 4.4%.

3, rapid growth in industrial production. In the first half of the year, the country's above-scale industrial added value of 3,968 billion yuan, up 17.7% year-on-year. Light and heavy industry, heavy industry grew by 18.5%, light industry grew by 15.8%. Product-wise, power generation and raw coal production increased by 12.0% and 12.8% respectively; pig iron and steel production increased by 20.8% and 25.8% respectively; microelectronic computers and program-controlled exchanges increased by 34.0% and 21.5% respectively; automobiles increased by 27.8%, of which cars increased by 53.2%. Production and sales convergence is better, the first half of the year, above-scale industrial product sales rate of 97.4%. Industrial enterprise profit growth accelerated. 1-5 months, industrial enterprises above designated size realized profits of 629.4 billion yuan, an increase of 25.5%, an increase of 9.7 percentage points over the same period last year.

4, fixed asset investment growth accelerated. In the first half of the year, the whole society fixed asset investment 423.71 billion yuan, up 29.8% year-on-year, the growth rate accelerated by 4.4 percentage points over the same period last year. Among them, the urban fixed asset investment of 3,636.8 billion yuan, an increase of 31.3%, accelerated by 4.2 percentage points. In the urban fixed asset investment, real estate development investment 769.5 billion yuan, an increase of 24.2%, accelerated by 0.7 percentage points. Sub-industry, heavy industry investment grew 32.6%, of which, coal mining and washing industry investment growth of 45.7%, oil and gas mining industry growth of 30.3%, electricity, gas and water production and supply industry growth of 17.5%, the railroad transportation industry growth of 87.6%; light industry investment growth of 41.2%, of which, the food manufacturing industry investment growth of 65.1%, textile industry growth of 40.6%.

5, consumer demand rose steadily. In the first half of the year, the total retail sales of consumer goods amounted to 3,644.8 billion yuan, an increase of 13.3% (in June, 605.8 billion yuan, an increase of 13.9%), after deducting the price factor, the actual growth rate of 12.4%, the growth rate accelerated by 0.4 percentage points compared with the same period last year. By industry, the retail sales of wholesale and retail trade amounted to 308.21 billion yuan, an increase of 13.4%; the retail sales of accommodation and catering industry amounted to 492.9 billion yuan, an increase of 15.3%. In the wholesale and retail trade industry above the national limit, the retail sales of communication equipment increased by 25.5%, petroleum and products increased by 38.4%, and automobiles increased by 27.7%.

6, market prices rose moderately. In the first half of the year, the total level of consumer prices rose 1.3% year-on-year (in June, up 1.5%), an increase of 1 percentage point lower than the same period last year. Among them, food prices rose 1.9%, housing prices rose 4.7%, health care and personal goods prices rose 0.9%, tobacco, alcohol and supplies prices rose 0.3%, household equipment and maintenance services prices rose 0.8%, entertainment, education and cultural goods and services prices were flat with the previous year, other categories of commodity prices fell slightly. In the first half of the year, retail prices of goods rose 0.8% year-on-year; factory prices of industrial goods rose 2.7% year-on-year (in June, up 3.5%); purchased prices of raw materials, fuels and power rose 6.1% year-on-year (in June, up 6.6%); and housing sales prices in 70 large and medium-sized cities rose 5.6% year-on-year (in June, up 5.8%), a drop of 3.3 percentage points.

7, the high level of export growth fell back, the growth rate of imports accelerated significantly. In the first half of the year, total imports and exports of 795.7 billion U.S. dollars, an increase of 23.4%, the growth rate of 0.2 percentage points faster than the same period last year. Among them, exports 428.6 billion U.S. dollars, an increase of 25.2%, an increase of 7.5 percentage points down; imports of 367.1 billion U.S. dollars, an increase of 21.3%, an increase of 7.3 percentage points faster. Import and export offset, trade surplus of 61.4 billion U.S. dollars. In the first half of the year, foreign direct investment contract amounted to 88.5 billion U.S. dollars, a year-on-year increase of 2.7%; the actual amount of 28.4 billion U.S. dollars, a decline of 0.5%. at the end of June, the country's foreign exchange reserves of 941.1 billion U.S. dollars, an increase of 122.2 billion U.S. dollars over the beginning of the year.

8, urban and rural residents continue to income growth. In the first half of the year, the disposable income per capita of urban residents was 5,997 yuan, net of price factors, an increase of 10.2% in real terms, the growth rate accelerated by 0.7 percentage points compared with the same period last year; the cash income per capita of peasants was 1,797 yuan, an increase of 11.9% in real terms, and the growth rate fell back by 0.6 percentage points.

The main problems in the economic operation are: the difficulty of farmers to increase income; fixed asset investment growth is too fast; too much credit; part of the industry by the impact of raw materials, fuels, power purchase prices, profit margins shrink. Looking ahead to the second half of the year, as long as we continue to conscientiously implement the guidelines and policies set by the central government, continue to strengthen and improve macroeconomic control, targeted measures to address the rapid growth of fixed asset investment and other outstanding issues, and further deepen the reform of the economic system, accelerate the economic restructuring, transforming the mode of economic growth, the economy will continue to maintain a steady and relatively rapid growth throughout the year.