The National Information Center under the National Development and Reform Commission has released a series of high-frequency economic data, which show that in the first half of this year, China’s economic foundation has become increasingly resilient, the driving forces for innovative development are undergoing accelerated transformation, and overall quality and efficiency have steadily improved.
Growth momentum in hot consumer sectors remained particularly robust. From January to June, the total volume of offline consumer payments rose by 2.7 percent year-on-year, with goods consumption and service consumption up 4.0 percent and 0.8 percent respectively. Demand for electronic products stayed buoyant, growing 9.5 percent year-on-year. Consumption tied to cultural and tourism sectors such as transportation and catering saw strong gains, rising 6.1 percent and 4.9 percent year-on-year.
Investment enthusiasm in high-tech sectors including artificial intelligence kept surging. In the first six months, capital investment in cutting-edge areas such as artificial intelligence and humanoid robots jumped 118.4 percent year-on-year, while the bid-winning value of digital infrastructure projects centered on computing power climbed 23.0 percent year-on-year.
The industrial sector posted stable growth, fresh growth drivers and improved quality. Between January and June, the number of patents granted for strategic emerging industries increased by 15.6 percent year-on-year, and patents related to artificial intelligence surged 34.8 percent year-on-year.(Outlook New Era)
Edit：Sun Kenan Responsible editor：Chen Jie
Source：news.cn
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