2020年CRI China's economy expands steadily in H1: official

 

Statistics show China's economy extended a steady expansion in the first half of the year, well above the government's annual growth target.

China's gross domestic product (GDP) expanded 6.8% during the first half of 2018 to 41.8961 trillion yuan, or some 6.27 trillion U.S. dollars.

The pace was higher than the government's annual growth target of around 6.5%.

Mao Shengyong, spokesperson for the National Bureau of Statistics, says the Chinese economy has been running soundly in the first six months.

"The national economy has registered a stable performance with a good momentum¹ for growth. Restructuring has seen further progress, drivers of growth have been replaced, the quality and efficiency have been improved steadily², offering a good start for the country's pursuit of high-quality development," says Mao.

The service sector³ expanded 7.6% in the first half, outpacing both primary and secondary industries.

Consumption continued to play a more prominent role in driving growth, with final consumption contributing to 78.5% of the economic expansion from January to June.

The nominal⁴ growth in China's resident income was 8.7% in the first six months, but after taking into consideration the effects of inflation, the country's average per capita disposable income actually grew 6.6% the first half of the year in real terms to 14,063 yuan.

Mao Shengyong says there have been more and more favorable conditions supporting China to achieve strong economic development, which will set up a good foundation for China to hit the social and economic target for the whole year.

However, the spokesperson also warns of the potential risks that the Chinese economy may face.

"The continuous rise of the global trade protectionism is imposing⁵ major challenges to the world economic recovery. Such a complex external environment has brought more challenges and uncertainties⁶ to us. Internally, we are still facing imbalance and instability in our economic growth, and the domestic structural⁷ adjustment is in a crucial stage as well," says Mao.

He says China will coordinate⁸ efforts to ensure a stable and sound economic performance.

"China will stick to the supply-side structural reform, continuously expand the domestic demand, invigorate the real economy, deal with the external challenges, defuse the potential risks, guide and stabilize⁹ social expectations, soundly coordinate efforts to stabilize the growth, boost reform, adjust structure, improve people's livelihood¹⁰ and prevent risks, in a bid to ensure that the economy moves stably and soundly," says Mao.

The spokesperson is confident that China's economy will stay sound and stable for the rest of the year, since consumption, investment and foreign trade are all expected to continue their stable, upward trend.

1 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

2 steadily   

adv.稳定地；不变地；持续地

参考例句：

• The scope of man's use of natural resources will steadily grow.人类利用自然资源的广度将日益扩大。
• Our educational reform was steadily led onto the correct path.我们的教学改革慢慢上轨道了。

3 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

4 nominal   

adj.名义上的；(金额、租金)微不足道的

参考例句：

• The king was only the nominal head of the state. 国王只是这个国家名义上的元首。
• The charge of the box lunch was nominal.午餐盒饭收费很少。

5 imposing   

adj.使人难忘的，壮丽的，堂皇的，雄伟的

参考例句：

• The fortress is an imposing building.这座城堡是一座宏伟的建筑。
• He has lost his imposing appearance.他已失去堂堂仪表。

6 uncertainties   

无把握( uncertainty的名词复数 )； 不确定； 变化不定； 无把握、不确定的事物

参考例句：

• One of the uncertainties of military duty is that you never know when you might suddenly get posted away. 任军职不稳定的因素之一是你永远不知道什么时候会突然被派往它处。
• Uncertainties affecting peace and development are on the rise. 影响和平与发展的不确定因素在增加。 来自汉英非文学 - 十六大报告

7 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

8 coordinate   

adj.同等的，协调的；n.同等者；vt.协作，协调

参考例句：

• You must coordinate what you said with what you did.你必须使你的言行一致。
• Maybe we can coordinate the relation of them.或许我们可以调和他们之间的关系。

9 stabilize   

vt.（使）稳定，使稳固，使稳定平衡；vi.稳定

参考例句：

• They are eager to stabilize currencies.他们急于稳定货币。
• His blood pressure tended to stabilize.他的血压趋向稳定。

10 livelihood   

n.生计，谋生之道

参考例句：

• Appropriate arrangements will be made for their work and livelihood.他们的工作和生活会得到妥善安排。
• My father gained a bare livelihood of family by his own hands.父亲靠自己的双手勉强维持家计。