In the second quarter, the indicators reflecting new growth drivers performed well, showing that the trend of new drivers growing stronger continues, Mao added. For example, in the quarter, the value‑added of equipment manufacturing above designated size grew by 9.7 percent, accelerating by 0.8 percentage points over the previous quarter.

　　Looking at second quarter month by month, there was a gradual improvement —indicators such as industrial output, services, foreign trade, and Purchasing Managers" Index saw continued improvement from April, May to June, forming a progressive momentum, Mao added.

　　On the outlook for the second half and the full year, Mao said the first‑half economic growth of 4.7 percent has laid a good foundation for achieving the main annual targets, especially the growth target, with positive factors including the direct contribution of new growth drivers to economic growth exceeding 40 percent, traditional industries accelerating their transformation and upgrading and the effects of policy measures continuously taking effect.

　　The few individual industries that dragged down growth in the second quarter are seeing short‑term effects are gradually eliminated, while the external impact is limited and is largely controllable, so they will gradually recover later, said Mao.

　　Mao said the results of previously introduced policies will continue to emerge in the second half of the year and the central government will also, in response to changing conditions, introduce more proactive and effective policies in a targeted manner to promote stable, new and high‑quality economic development.

　　China aims to achieve a full year target of 4.5 to 5 percent for 2026.

　　Global Times