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Chinese economy witnesses steady growth in H1, prospects look bright

7.21.2023, 9:51:47 AM

China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday. The country's GDP reached 59.3 trillion yuan in the first half, according to the NBS data.

China's retail sales of consumer goods went up 8.2 percent year on year in the first half of this year, 2.4 percentage points faster than that of the first quarter, the NBS spokesperson pointed out. Retail sales of consumer goods totaled around 22.76 trillion yuan in H1. In June alone, retail sales edged up 3.1 percent year on year.

Source: China Daily

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