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 in Gaza: The tower destroyed by the Israeli occupation in Gaza includes media offices, including Al Mayadeen's bureau.
Al Mayadeen's correspondent in Gaza: Four fetuses and three premature babies died at Nasser Medical Complex due to malnutrition
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.

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 slams US military near Venezuela, warns against interference

South Korean Foreign Minister set to visit China this week

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

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Australia warned of deadly climate risks in landmark report
Environment

Millions at risk from rising seas, extreme heat in Australia: Report

DPRK leader Kim Jong Un inspects a new weapons factory in undisclosed location, Democratic People's Republic of Korea, August 31, 2025 (AP)
Politics

DPRK defies US, says nuclear state status 'permanently enshrined'

Soldier F faces trial over bloody Sunday killings after 53 years
Miscellaneous

British Soldier F faces trial over Bloody Sunday killings after 53 yrs

Pro-Palestinian protesters demonstrate at the University of Sydney to protest the Israel Hamas war, Wednesday, April 24, 2024 (AP)
Politics

Protest outside ABC decries media silence on Gaza journalist killings

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