China's economy has demonstrated remarkable resilience and steady progress amid global headwinds, as evidenced by its mid-year performance report. Official data reveals the nation's GDP expanded by 5.3% year-on-year during the first half, reaching 66.0536 trillion yuan. This growth trajectory showcases consistent economic stability despite increasingly complex external conditions.

The economic landscape presents multiple positive indicators: - Unemployment rates improved to 5% in June, averaging 5.2% for H1 - Core CPI (excluding food and energy) rose 0.7% annually in June - Foreign exchange reserves maintained stability above $3.2 trillion for 19 consecutive months - Goods trade volumes hit record highs for the period

Economic restructuring continues to yield dividends. High-tech manufacturing output surged 9.5% year-on-year, outperforming overall industrial growth by 3.1 percentage points. Strategic emerging service enterprises witnessed nearly 10% revenue growth through May. The services sector now constitutes 59.1% of GDP, contributing over 60% to economic expansion.

Consumption remains a vital growth engine, accounting for 52% of H1 economic expansion. Retail sales climbed 5% to 24.55 trillion yuan, accelerating to 5.4% growth in Q2. Notable consumption trends include: - Service consumption gaining prominence - Holiday economy boosting spending - Green consumption becoming mainstream - Cultural tourism driving regional economies

Innovation continues to fuel economic transformation. Breakthroughs in AI, robotics and digital technologies are reshaping industries, with China maintaining global leadership in high-quality research output. The digital economy now represents approximately 10% of GDP.

Policy measures have effectively supported growth, with domestic demand contributing 68.8% to H1 expansion. Recent financial policies targeting consumption stimulation and employment support further strengthen economic fundamentals. Multiple international institutions have maintained or upgraded China's growth projections, reflecting confidence in its economic trajectory.

Looking ahead, China will prioritize reinforcing domestic circulation while advancing high-quality development. Regional governments are implementing targeted measures to bolster consumption, accelerate digital transformation, and cultivate emerging industries. As global economic forecasts dim, China's steady performance continues to provide crucial stability to worldwide economic recovery efforts.