China News Service, August 16th, National Bureau of Statistics spokesperson Fu Linghui said on the 16th that in July, facing the situation of high temperature, heavy rain, and local epidemics in some areas, the main indicators of the national economy grew at a year-on-year rate in the same month. However, overall, the cumulative growth rate of major macro indicators has remained at a reasonable level.

On the 16th, the State Council Information Office held a press conference on the operation of the national economy in July 2021. A reporter asked: Recently variant strains of new crown pneumonia have broken out in many places. In some places, the epidemic has been repeated. Affected by the epidemic, the recovery of some industries has been delayed. What are the effects of the recent new crown pneumonia on the national economy and what are the specific manifestations? Do you consider extending or increasing policy support for industries that continue to be hit by the epidemic? How to judge my country's economic trends in the second half of the year under the dual impact of the epidemic and floods? How to guarantee the annual economic growth target?

In this regard, Fu Linghui said that in July, facing the situation of high temperature, heavy rain and local epidemics in some areas, the year-on-year growth rate of the main indicators of the national economy has dropped, but overall, the main macro The cumulative growth rate of the indicators remained at a reasonable level. Judging from the month of July, the growth of some consumer sectors and service industries has slowed down. In some regions, the growth rate of total retail sales of consumer goods in Henan, Jiangsu, Hunan and other places has fallen to varying degrees from the previous month. There are also contact-type agglomeration industries, such as wholesale and retail, accommodation and catering and other industries whose growth rate has fallen from last month.

From the perspective of the second half of the year, the economy was affected by the epidemic last year, and the overall trend was low and high. This year, affected by the base, the main economic growth rate for the whole year will be high and low. Judging from the situation in the first half of this year, the two-year average growth rate has generally maintained an acceleration trend. In the first half of this year, the economy grew by an average of 5.3% in two years, 0.3 percentage points faster than in the first quarter, indicating that the economy as a whole has maintained a recovery trend. On the whole, my country's economy will continue to maintain a stable recovery trend in the second half of the year, the main macro indicators will remain within a reasonable range, and the quality of development will continue to improve.

Fu Linghui pointed out that the economy is expected to maintain stable growth. Under certain conditions of supply capacity, the economic operation is mainly viewed from the demand side, mainly the troika. From the perspective of consumption, with the increase in residents' income and the improvement of the consumption environment in the second half of the year, residents' consumption will continue to pick up. In the first half of this year, the actual growth rate of per capita disposable income of residents was 12% year-on-year, which was significantly faster than that in the first quarter, which is conducive to improving residents' spending power. At the same time, we must see that the national per capita consumption expenditure in the first half of the year actually increased by 17.4%, faster than the growth rate of residents' income, indicating that residents' willingness to consume is increasing.

From the perspective of investment, this year is the first year of the implementation of the "14th Five-Year Plan", and some major projects in the "14th Five-Year Plan" will start construction one after another. At the same time, as the economy recovers, manufacturing investment continues to pick up. From January to July, the growth rate of manufacturing investment in the two years increased by an average of 3.1%, 1.1 percentage points faster than that in the first half of the year. At present, the profit of manufacturing enterprises maintains rapid growth, and at the same time, enterprises are expected to be generally stable, which is conducive to the growth of manufacturing investment.

From the perspective of imports and exports, the world economy is generally recovering. The International Monetary Fund predicts that the global economy will grow by 6% this year, and major trade growth will remain at a relatively rapid level. my country's industrial production occupies a relatively important position in global trade, and the improvement of the global economic and trade environment is conducive to the growth of imports and exports.

Fu Linghui said that it is expected that the main macro indicators will remain within a reasonable range. Analyzing the economic situation depends not only on growth, but also on employment, prices, and residents' income, and comprehensively look at economic performance. As the economy recovers, the employment priority policy continues to be effective, and corporate benefits increase, the employment stability of residents and the increase in income are expected to continue. From the perspective of prices, agricultural production is generally stable, the supply capacity of industry and service industries is relatively strong, and measures to ensure supply and price stability are effective, consumer prices are expected to maintain a moderate rise, and the main macro indicators are more likely to remain within a reasonable range.

Development quality and efficiency will continue to improve. With the recovery of the economy in the first half of this year, the quality and efficiency of economic operations have improved. With the advancement of supply-side reforms, the utilization rate of industrial capacity above designated size reached 78.4% in the second quarter, which is at a relatively high level in recent years. At the end of June, the asset-liability ratio of industrial enterprises above designated size fell by 0.4 percentage points year-on-year. From January to June, the cost per hundred yuan of operating income of industries above designated size decreased by 0.98 yuan year-on-year. Economic benefits are improving. The profits of industrial enterprises above designated size from January to June increased by 66.9% year-on-year, and the two-year average growth rate was 20.6%. The fiscal revenue from January to June increased by 21.8% year-on-year. Green development continues to advance. From January to June, the national unit GDP energy consumption fell by 2% year-on-year, and the proportion of clean energy consumption increased by 0.4%. The average PM2.5 concentration of 339 prefecture-level and above cities across the country dropped by 2.9% year-on-year.

In the next stage, with the continuous advancement of the construction of the new development pattern, the supply-side structural reforms will continue to deepen, reform and innovation will increase, and the quality of development is expected to continue to improve.