2018年CRI 中国经济上半年持续增长

（单词翻译）

China's gross domestic product (GDP) expanded 6.8% during the first half of 2018 to 41.8961 trillion yuan, or some 6.27 trillion U.S. dollars.

The pace was higher than the government's annual growth target of around 6.5%.

Mao Shengyong, spokesperson for the National Bureau of Statistics, says the Chinese economy has been running soundly in the first six months.

"The national economy has registered a stable performance with a good momentum¹ for growth. Restructuring has seen further progress, drivers of growth have been replaced, the quality and efficiency have been improved steadily², offering a good start for the country's pursuit of high-quality development."

The service sector³ expanded 7.6% in the first half, outpacing both primary and secondary industries.

Consumption continued to play a more prominent role in driving growth, with final consumption contributing to 78.5% of the economic expansion from January to June.

The nominal⁴ growth in China's resident income was 8.7% in the first six months, but after taking into consideration the effects of inflation, the country's average per capita disposable income actually grew 6.6% the first half of the year in real terms to 14,063 yuan.

Mao Shengyong says there have been more and more favorable conditions supporting China to achieve strong economic development, which will set up a good foundation for China to hit the social and economic target for the whole year.

However, the spokesperson also warns of the potential risks that the Chinese economy may face.

"The continuous rise of the global trade protectionism is imposing⁵ major challenges to the world economic recovery. Such a complex external environment has brought more challenges and uncertainties⁶ to us. Internally, we are still facing imbalance and instability in our economic growth, and the domestic structural⁷ adjustment is in a crucial stage as well."

He says China will coordinate⁸ efforts to ensure a stable and sound economic performance.

"China will stick to the supply-side structural reform, continuously expand the domestic demand, invigorate the real economy, deal with the external challenges, defuse the potential risks, guide and stabilize⁹ social expectations, soundly coordinate efforts to stabilize the growth, boost reform, adjust structure, improve people's livelihood¹⁰ and prevent risks, in a bid to ensure that the economy moves stably and soundly."

The spokesperson is confident that China's economy will stay sound and stable for the rest of the year, since consumption, investment and foreign trade are all expected to continue their stable, upward trend.

For CRI, I'm Xie Cheng.