China ' s economy grew at 6.7 per cent in the first half of the year, reporting to the Committee on Reform and Development. The national GDP for the reporting period was 34 trillion yuan (around five trillion dollars).
Industrial output increased by 6 per cent. Investment in core funds increased by 9 per cent compared with the same period last year. The breakthrough has shown investment in the construction sector. Between January and June, they increased by 6.1 per cent, compared with only 1 per cent of the year. Investments in particular Housing They grew by 5.6 per cent. The country ' s housing stock increased by 14 per cent, and the physical sale of housing increased by 28.6 per cent, and by 44.4 per cent.
Retail sales were steadily growing, increasing by 10.3 per cent, the growth locomotive in this sector has traditionally been online, which has jumped by 28.2 per cent and now provides 11.6 per cent of total retail sales in the country.
The fall in foreign trade has diminished. In three months, it was 3.3% against 7 per cent for the whole year 2015. In particular, Chinese exports fell by 2.1 per cent in January and June, and imports fell by 4.7 per cent.
The inflation rate was 2.1 per cent. Porcine (28.2 per cent) and fresh vegetables (18.2 per cent) were the fastest. This was partly offset by an increase in disposable income, which increased by 8.7 per cent. In general, the Chinese economy has demonstrated stability by reducing stagnation and decline in many industries.