Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Martyrs and wounded in an Israeli bombardment that targeted a house in the Zarqa area of Jabalia, north of the Gaza Strip
Sweida Governorate: We call on all armed factions in the governorate to cooperate with the Interior Ministry forces and organize their weapons under the supervision of state institutions
Al Mayadeen's correspondent in Gaza: Intense Israeli raids and shelling targeted the Shuja'iyya neighborhood, and the occupation prevented ambulances from reaching the area
Israeli media: The suicide of a Nahal Brigade soldier at a northern base yesterday marks the third such incident in less than two weeks
China: The Chinese government announces 5.3% GDP growth in the first half of 2025.
Brazilian government: We condemn the Israeli military operations in Gaza and the killing of children, and we call for "Israel" to be held accountable for its actions.
Israeli media platform: The Degel HaTorah party, which has four members in the Knesset, announces its withdrawal from Netanyahu's cabinet.
Local Syrian sources: The raids targeted the road between the village of Al-Mazra'a and the city of Sweida, where forces and factions affiliated with the Syrian Ministry of Defense are advancing.
Local Syrian sources: New raids carried out by Israeli warplanes targeted vehicles and gatherings of military factions affiliated with the new Syrian Ministry of Defense.
Local Syrian sources: Israeli raids target, for the third time, gatherings of Syrian Defense Forces military factions in the southern countryside of Sweida.

China’s GDP reaches 61Tn yuan in first half of 2024

  • By Al Mayadeen English
  • Source: The Global Times
  • 15 Jul 2024 18:24
  • 2 Shares
3 Min Read

The third plenum of the 20th Central Committee of the Communist Party of China (CPC) is expected to introduce further reforms to enhance long-term growth and stability.

Listen
  • x
  • A container ship of Chinese Cosco shipping lies in the harbor in Hamburg, Germany, Wednesday, Oct. 26, 2022. (AP)
    A container ship of Chinese Cosco shipping lies in the harbor in Hamburg, Germany, Wednesday, Oct. 26, 2022. (AP)

The Global Times published a report on Monday, citing data from the National Bureau of Statistics (NBS), that China's GDP grew by 5% to 61.68 trillion yuan ($8.49 trillion) in the first half of 2024.

The second quarter saw a slight slowdown to 4.7% growth, down from 5.3% in the first quarter.

Officials maintain that this dip is temporary and the economy remains on track for sustained recovery, driven by industrial upgrades, robust exports, and significant investment in high-end manufacturing.

Read more: China exceeds Q1 GDP expectations amid growth

Experts also argue that China's 5% growth aligns with its annual target and counters the negative perspectives of some foreign media outlets, which have expressed skepticism about the strength and stability of the Chinese economy. 

"The Chinese economy's operations have remained stable despite a complex global and domestic environment, achieving not only growth in quantity but also improving in quality [in the first six months]. This is a praiseworthy and solid economic transcript," an NBS spokesperson said on Monday, according to a statement on the bureau's website. 

Analysts have also described China's first-half economic growth as "stable and moderate, despite facing setbacks like insufficient effective demand, prolonged property adjustments, and weak social expectations.

Related News

China's exports beat growth expectations, hitting 5.9% in H1 2025

China-US trade falls 10.4% in H1-2025 to $289.36 billion

China is instead transitioning toward a high-quality development model "under which the development of new drivers, such as new quality productive forces, are gaining steam."

Read more: China says US interfering in its internal affairs

Overall, the NBS called for a balanced view of short-term fluctuations versus long-term trends, asserting that the economy will overcome current pressures and uncertainties.

While acknowledging ongoing challenges, officials and analysts believe these issues can be addressed through development and reform measures.

Economist Tian Yun is quoted as saying that the second half of the year, particularly the third quarter, presents a window of opportunity to mitigate economic challenges, especially by helping the property sector recover and boosting consumer demand. 

He noted that these improvements are critical for keeping China on track to achieve the 5-percent annual GDP growth target and, from a long-term perspective, advancing toward the secondary centenary goal.

"The annual GDP goal is within reach, but it will be an assiduous journey to achieve it," he said.

The third plenum of the 20th Central Committee of the Communist Party of China (CPC) is expected to introduce further reforms to enhance long-term growth and stability.

  • China
  • Chinese economy
  • Trade

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025
This satellite image from Planet Labs PBC shows damage after an Iranian attack at the al Udeid Airbase outside of Doha, Qatar, June 25, 2025 (Planet Labs PBC via AP)

Satellite images show Iran attack damaged US comms dome in Qatari base

  • Politics
  • 11 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Al Mayadeen: UN Palestine Inquiry members reportedly resigned
Politics

Al Mayadeen: UN Palestine Inquiry members reportedly resigned

Rutte, Trump
US & Canada

Trump threatens 100% secondary tariffs on Russia, sets deadline

Syrian government soldiers on a motorcycle pass by a burning tank on the outskirts of Sweida city, where clashes erupted between the Druze community and Bedouine clans, in southern Syria, Monday, July 14, 2025 (AP)
Politics

Israeli airstrikes target Syrian military factions near Sweida

Lebanon, US, disarmament
MENA

US pressure on Lebanon grows over Resistance disarmament plan

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS