He named a few new economic sectors which he described as "very attractive," including high-tech, non-banking finance, life science and consumption.
"Investment into these industries has witnessed better performance than the company's overall investment portfolio," he said.
NEW GROWTH ENGINES
Progress is also being made in the country's supply-side structural reform and growth engine shift, according to the NBS.
The service sector, already accounting for 54.1 percent of the overall economy, expanded 7.7 percent year on year in the first half, outpacing a 3.5 percent increase in primary industries and 6.4 percent in secondary industries, NBS data showed.
In the same period, the contribution of domestic demand to GDP growth reached 96.1 percent, 0.3 percentage points higher than the first quarter level, a trend much in line with China's efforts in growth model shift.
Meanwhile, industrial capacity utilization stood at 76.4 percent in the first half, up 3.4 percentage points from a year ago.
In terms of de-stocking in the property market, the floor space of unsold homes were down 9.6 percent at the end of June.
Growth in property development investment continued to decelerate to 8.5 percent in Jan.-June, down from 8.8 percent during the first five months, adding to evidence that China's property market is running out of steam amid government cooling measures to quash potential asset bubbles.
【国内英语资讯:Economic Watch: Chinas new economy picking up steam amid steady growth】相关文章:
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