China GDP Growth in The First Half of 2023

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China GDP Growth in The First Half of 2023

HANGZHOU, CHINA - JULY 17, 2023 - An employee produces advanced CNC machine tools for aerospace and other related industries in the production workshop of a CNC machine tool company in Hangzhou's Xiaoshan Economic Development Zone on July 17, 2023. On the same day, the data released by the National Bureau of Statistics showed that the preliminary calculation of the first half of the gross domestic product 59,303.4 billion yuan, calculated at constant prices, an increase of 5.5% year-on-year, 1.0 percentage points faster than the first quarter. On a quarterly basis, China's GDP grew by 4.5% in the first quarter and 6.3% in the second quarter. (Photo by Costfoto/NurPhoto)


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