(Source: Think Tank Headlines July 15, 2025)

[Headline Focus·Summary]

In the face of rapid changes in the international situation and significant increase in external pressure, China's economy has moved forward and operated stably despite the pressure, and has handed over a "report card" with high gold content, rising new content, and sufficient green content. Affected by factors such as the U.S. unilateral tariff policy that disrupted the global supply chain, economic growth slowed down in the second quarter compared with the first quarter, but it still achieved a growth of more than 5%, which fully reflects the resilience and vitality of the Chinese economy. It not only ranks among the best among the world's major economies, but also lays a good foundation for completing this year's economic and social goals and tasks, and provides important support for the successful conclusion of the "14th Five-Year Plan".

■China Economic Times reporter Zhou Zixun

Data released by the National Bureau of Statistics on July 15 showed that the GDP in the first half of the year was 66,053.6 billion yuan, a year-on-year increase of 5.3% at constant prices. Looking at quarters, GDP increased by 5.4% year-on-year in the first quarter and 5.2% in the second quarter. From a quarter-on-quarter perspective, GDP increased by 1.1% in the second quarter.

Many think tank experts pointed out in interviews with reporters from the China Economic Times that despite the rapid changes in the international situation and the significant increase in external pressure, the Chinese economy has moved forward and operated stably under pressure, and has handed over a "report card" with high gold content, rising new content, and sufficient green content. Affected by factors such as the U.S. unilateral tariff policy that disrupted the global supply chain, economic growth slowed down in the second quarter compared with the first quarter, but it still achieved a growth of more than 5%, which fully reflects the resilience and vitality of the Chinese economy. It not only ranks among the best among the world's major economies, but also lays a good foundation for completing this year's economic and social goals and tasks, and provides important support for the successful conclusion of the "14th Five-Year Plan".

Data shows that in the first half of the year, the added value of the service industry increased by 5.5% year-on-year, 0.2 percentage points faster than the first quarter. Liu Zhexi, associate professor at the w88 casino of Economics at the w88 casino, said that in the first half of the year, the added value of my country's service industry increased by 5.5% year-on-year, with the growth rate 0.2 percentage points higher than the first quarter and 0.5 percentage points higher than last year. The growth momentum of the service industry continues to increase, and its support and driving role in macroeconomic operations continues to strengthen.

The acceleration of growth in the service industry is mainly driven by three aspects.

First, the accelerated cultivation and development of new productive forces has driven the modern producer service industry, and a better interaction has been formed between industry and the service industry. In the first half of the service industry, the year-on-year growth rate of the information transmission, software and information technology services industry reached 11.1%, which was 5.6 percentage points higher than the overall growth rate of the service industry. The growth rate further accelerated by 0.8 percentage points compared with the first quarter. This is the core power source driving the growth of the service industry, and also reflects the upgrading and optimization of my country's industrial structure and the improvement of development quality.

Second, leasing and business services related to household consumption, transportation, warehousing and postal services, wholesale and retail and other industries continue to grow steadily, and the growth rate continues to be higher than the overall growth rate of the service industry, which is the fundamental support for the stability and improvement of the service industry.

Third, the growth of the financial industry continues to accelerate. Under the influence of relevant policies that continue to stabilize and activate the capital market, my country's capital market has shown relatively strong resilience and anti-risk capabilities since this year, driving the growth of the financial industry to continue to accelerate. In June, the financial industry production index reached 7.3%, exceeding the service industry production index by 1.3 percentage points.

However, it should also be noted that under the influence of multiple factors such as increasing uncertainty in the external environment and insufficient domestic effective demand, the service industry business activity index continued to hover near the boom-bust line in the first half of the year, and the business activity expectation index of service industry enterprises declined in the second quarter. Therefore, it is necessary to further strengthen policies to strengthen support for the service industry from both supply and demand ends, effectively reduce corporate costs, broaden demand for the service industry, and consolidate the momentum of accelerated growth in the service industry, so as to better promote the steady progress and continuous improvement of my country's macroeconomic operations.

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