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China's H1 GDP Grows 6.7%
China's gross domestic product expanded 6.7 percent year on year in the first half of 2016 to reach 34.06 trillion yuan
Edited by Li Nan 

Trend of GDP growth in recent two years (CHINADAILY.COM.CN)

China's gross domestic product expanded 6.7 percent year on year in the first half of 2016 to reach 34.06 trillion yuan ($5.08 trillion), said the National Bureau of Statistics.

In the first half, the national per capita disposable income stood at 11,886 yuan ($1,765), a nominal growth of 8.7 percent year on year. The actual increase was 6.5 percent after deducting price factors.

The country saw summer grain output of 139.26 million tons, down 1.2 percent or 1.62 million tons less than the same period of last year. Summer grain output was slightly lower than the highest year of 2015, the second high-yield year in history.

Investment in China's property sector rose 6.1 percent year on year in the first half of 2016, slightly lower than 6.2 percent registered in the first quarter.

Fixed-asset investment grew 9 percent in the first half of 2016, compared with a 10.7-percent growth recorded in the first quarter, according to official data.

Retail sales of consumer goods grew 10.3 percent year on year in the first half of this year, staying flat with the 10.3-percent growth for the first quarter, according to official data.

New yuan-denominated lending in June stood at 1.38 trillion yuan ($205.97 billion), up 104.4 billion yuan ($15.6 billion) from a year earlier, according to official data.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 11.8 percent year on year to 149.05 trillion yuan ($22.18 trillion) by the end of June, the People's Bank of China said in a statement on its website.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 24.6 percent year on year to 44.36 trillion yuan ($6.63 trillion).

Growth of China's industrial output grew 6.2 percent year on year in June, up from 6.0 percent growth in April and May, mainly thanks to strong performance in the high-tech and equipment manufacturing sectors.

China's exports dropped 2.1 percent to reach 6.4 trillion yuan ($956.8 billion) in the first half of the year, while imports shrank 4.7 percent to 4.73 trillion yuan ($707.1 billion), Customs data released earlier this week showed.

(China Daily July 15, 2016)

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