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BLOG: China’s economic growth further optimized in H1

ABSTRACT

China released all its key economic development data for the first half of 2021 by last week, and related governing organizations also held press conferences to explain the key points of the data on the day of releases where senior officials emphasized the country’s economic growth had been further optimized and is heading towards the desired track via the heavy reliance on the country’s huge domestic market.
For the first half, domestic demand contributed a dominant 80.9% to China’s total GDP growth, according to the data from the National Bureau of Statistics (NBS). Among the positive signs were that the country’s service industry had contributed more to gross domestic product (GDP) growth in H1, calculated at 53%,

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