The 2025 Semi-Annual Report on China’s Economy has been released recently. According to preliminary estimates, the gross domestic product (GDP) in the first half of the year reached 66 trillion yuan (9.2 trillion USD), up by 5.3 percent year-on-year at constant prices. Amid the looming threat of protectionism and a faltering global recovery, China, with a resolute commitment to openness, has achieved steady economic growth.

This achievement not only showcases the stability and resilience of China’s economy, but also demonstrates its commitment to imputing fresh momentum into the global economy and creating new opportunities for the countries around the world with responsibility.

Firstly, we are pursuing a more steady growth. In the first two quarters of the year, the three key drivers of economic growth, which are consumption, investment, and export, contributed 52 percent, 16.8 percent, and 31.2 percent respectively.

Domestic consumption remained robust, making it the main drive, while service consumption, green consumption, and holiday consumption were continuously injecting vitality into the market. The structure of investment continued to improve, with manufacturing investment growing by 7.5 percent in the first half, accounting for 25.2 percent of the total fixed asset investment and up 1.1 percentage points from the same period last year.

Investment in high-tech services grew by 8.6 percent, significantly outpacing the growth rate of fixed asset investment. A diversified trade pattern is steadily taking shape, with export trade........

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