The first half of 2022 has come to an end. The National Bureau of Statistics recently announced the international economic operation in the first half of 2022. Under the continuous impact of adverse factors such as the COVID-19 and the conflict between Russia and Ukraine, China's economic growth in the first half of the year decreased first and increased afterwards. The main economic indicators achieved restorative growth, and the achievements were hard-won.
This paper first summarizes the three highlights of economic growth in the first half of 2022, which are: Macroeconomic growth has achieved rapid recovery on the premise of maintaining basic price stability. The industrial security situation is improving, and the industrial structure is further optimized. Export growth was better than expected, and the trade structure continued to optimize.
Then it points out four risks in macroeconomic operation, which are: The potential risks of the epidemic on the macro economy have not been completely removed. The driving force of economic growth is still insufficient. Land finance is unsustainable, and the pressure on local government revenue and expenditure continues to increase. Economic growth is accompanied by the continuous expansion of the scale of bond issuance and the increase of economic stimulus policies and constraints.
Finally, this paper thinks that the pressure on China's economic growth is still huge in the second half of the year, and puts forward some policy recommendations.
