Plus. A year-on-year slowdown in growth is simply a slowdown in the rate of growth, which is actually still growing.
Year-on-year development rate is mainly to eliminate the effect of seasonal variations, used to illustrate the current period of development level compared with the same period last year to achieve the relative development rate. Such as the current February compared to February last year, the current June compared to June last year and so on.
The formula is: year-on-year development speed = (the current level of development / development level of the same period last year - 1) * 100% In practice, often use this indicator, such as a year, a quarter, a month and the same period last year compared to the calculation of the speed of development, is the year-on-year development speed.
Related terms:
"Stable recovery" and "steady improvement" are the two key words to describe the current economic situation. Browsing through the first monthly economic report card in the second half of the year, the eye-catching data further highlights that China's economy is moving forward. The first month of this year's economic report is the first in a row.
--Manufacturing investment continued to accelerate, the investment structure upgrade. 1 to July, manufacturing investment rose 17.3% year-on-year, an average of three years of growth of 3.1%, accelerated by 1.1 percentage points from 1 to 6 months. Aerospace, computers and office equipment, medical instruments and equipment, and other high-tech manufacturing investment grew rapidly.
--Innovation and development of resilience enhanced, the development of new industries to the good. 1 to July, new energy vehicles, industrial robot production increased by 194.9% and 64.6% year-on-year, respectively, the online retail sales of physical goods increased by 17.6% year-on-year.