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High-frequency data in the first half of the year reflects that China’s economy remained stable and improved overall

MarsBitNews
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From the National Information Center of the National Development and Reform Commission, this year in the first half, footfall in offline commercial districts increased by 5.7% year-on-year, and consumption continued to maintain a positive trend; the number of patents authorized related to strategic emerging industries rose by 15.6% year-on-year, while the amount of capital investment in cutting-edge areas such as artificial intelligence and humanoid robots increased by 118.4% year-on-year, and the innovation engine driving high-quality economic development has continued to strengthen. According to big data on offline consumption, from January to June, offline consumption payment amounts increased by 2.7% year-on-year, including growth of 4.0% for goods consumption and 0.8% for services consumption. Demand for electronic goods was relatively strong, up 9.5% year-on-year; transportation and dining-related consumption demand in culture and tourism continued to run hot, increasing by 6.1% and 4.9% respectively year-on-year; and footfall heat in offline commercial districts increased by 5.7% year-on-year. (Xinhua News Agency)
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