PANews reported on July 15, according to Xinhua News Agency, that China's economy grew by 5.3% year-on-year in the first half of the year.
Preliminary calculations show that in the first half of the year, the gross domestic product was 66,053.6 billion yuan, calculated at constant prices, an increase of 5.3% year-on-year. By industry, the added value of the primary industry was 3,117.2 billion yuan, an increase of 3.7%; the added value of the secondary industry was 23,905.0 billion yuan, an increase of 5.3%; the added value of the tertiary industry was 39,031.4 billion yuan, an increase of 5.5%. By quarter, the gross domestic product grew by 5.4% year-on-year in the first quarter and by 5.2% in the second quarter. On a quarterly basis, the gross domestic product grew by 1.1% in the second quarter.