BEIJING, Beijing, July 28 (Reporter Li Jinlei) China’s economic situation has been stable and improving in the first half of the year. What should China do in the second half of the year? In this regard, the central government has made it clear that it is necessary to adhere to the general tone of striving for progress in stability and focus on six aspects of work, including rectifying financial chaos, stabilizing the real estate market and resolving local debt risks.

　　What do you think of the economic situation in the first half of the year?

　　— — Steady progress, deepening structural adjustment

　　To do a good job in China’s next economic work, we must first accurately judge the current economic situation. The the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on July 24th held that the economy operated in a reasonable range, the main indicators were better than expected, urban employment increased steadily, fiscal revenue, corporate profits and residents’ income increased rapidly, and quality and efficiency rebounded.

　　"The overall judgment is that the economic situation in the first half of the year was stable and the structural adjustment was deepened." Yang Weimin, deputy director of the Central Financial and Economic Leading Group Office, once again summed up the economic situation in China at the press conference held by the State Council Office on the 27th.

　　Behind these judgments is the support of groups of data. The data shows that GDP in the first half of the year increased by 6.9% year-on-year, an increase of 0.2 percentage points over the same period of the previous year, which is the highest value since the fourth quarter of 2015. There were 7.35 million new jobs in urban and rural areas, an increase of 180,000 over the same period of last year. The overall price level remained stable, and the CPI rose by 1.4% year-on-year, which was the same as that in the first quarter. After deducting the price factor, the per capita disposable income of residents actually increased by 7.3%, which continued to be higher than the economic growth rate.

　　"Looking at the economic situation depends on both the present and the long-term; It depends on both indicators and expectations; We must see both achievements and problems. " Yang Weimin believes that although the economy is stable and improving in the first half of the year, there are still some problems. For example, the problem of poor circulation in the real economy is still serious, and the task of preventing and resolving financial risks is still arduous. The long-term mechanism for the stable and healthy development of the real estate market has not yet been established, and the pressure of rising enterprise costs is also increasing. In addition, the trend differentiation of regions, industries and enterprises is also intensifying to some extent.

　　What’s the keynote for the second half of the year?

　　— — act on the general principle of pursuing progress while ensuring stability

　　Fully affirm the achievements without avoiding the problems. A scientific judgment of China’s economic situation is also the basis for doing a good job in economic work in the second half of the year. In the second half of the year, what is the tone to do?

　　In this regard, the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting set the tone: to do a good job in economic work in the second half of the year, we should adhere to the general tone of striving for progress while maintaining stability, better grasp the relationship between stability and progress, balance, opportunity and degree.

　　How to understand striving for progress while maintaining stability? Yang Weimin believes that stability is the main tone, that is to say, we should strive for progress on the premise of maintaining overall stability. However, striving for progress in stability is not inaction, not strong stability and mechanical stability, but doing something and working hard on the premise of grasping the degree.

　　Yang Weimin also said that it is very important to grasp the balance, the opportunity and the degree while doing something. We should not only prevent blind leaps and bounds, but also prevent timidity and inaction, both to prevent "going too far" and to avoid "not being as good as".

　　How to do it in the second half of the year?

　　— — Focus on six aspects of work.

　　How to carry out economic work in the second half of the year? Yang Weimin said that the central authorities stressed that efforts should be made to do a good job in six aspects in the second half of the year: First, unswervingly deepen the structural reform of the supply side. Second, actively and steadily resolve the accumulated local government debt risks. Third, deepen and solidly rectify financial chaos. Fourth, effectively stabilize the real estate market. Fifth, stabilize foreign investment and private investment. Sixth, attach great importance to the work of people’s livelihood.

　　The reporter noted that "deleveraging" in the supply-side structural reform, local debt, financial chaos, real estate market and investment all involve finance, and "keeping the bottom line of systemic financial risks" was also identified as one of the goals of China’s economic work in the second half of the year.

　　Wang Zhijun, director of the First Economic Bureau of the Central Financial and Economic Leading Group Office, pointed out that both "black swan" and "grey rhinoceros" may impact the bottom line of financial risks. For the hidden risks of "grey rhinoceros", such as shadow banking, real estate bubble, high leverage of state-owned enterprises, local debts, illegal fund-raising and other issues, it is necessary to find out the situation, distinguish the priorities and the degree of influence, highlight the key points, and take effective measures to properly solve them.

　　"In the second half of the year, we should do a good job of deleveraging, because this is the source of risk." Yang Weimin pointed out that the National Financial Work Conference emphasized that deleveraging of state-owned enterprises should be the top priority. If state-owned enterprises deleverage, the leverage of the enterprise sector will definitely decline, and the leverage of the entire national economy will also decline. This is to prevent and control from the source. We can’t let the leverage ratio continue to rise in order to maintain growth.

　　Gao Feng, spokesman of the Ministry of Commerce, mentioned at a regular press conference on the 27th that he would continue to do a good job in preventing foreign investment risks with relevant departments to ensure the healthy, standardized and orderly development of foreign investment. For foreign investment in real estate, hotels, cinemas, entertainment, sports clubs and other fields, it is recommended that relevant enterprises make prudent decisions.

　　Cctv newsAccording to the news of China Weather Network, the sunny and hot weather in the north has escalated recently, and a wide range of high-temperature weather is coming. Tomorrow (June 15th), the high-temperature range will reach the maximum in the near future, covering Beijing, Tianjin, Hebei, Shandong, Henan and other places, and the local high-temperature intensity is rare in the same period. In terms of precipitation, the strong rainfall today and tomorrow is mainly concentrated in central and southern Guangdong and southeastern Tibet.

　　Tomorrow, the high temperature range in the north will reach the maximum local high temperature intensity in the near future or it will be rare in the same period.

　　Yesterday, under the influence of cold air, the high temperature in Xinjiang subsided in a large scale, and the high temperature in Jiangnan and South China was also weakened by rainfall. With the eastward movement of the continental high-pressure ridge, the high temperature in North China has gradually developed, and there are scattered high-temperature outcrops in Hebei.

　　Today, the high temperature in the North China Plain will develop rapidly, covering parts of Beijing, Tianjin, Hebei, Henan and Shandong. Tomorrow, the high temperature range will reach the maximum in the near future, and high temperatures above 35℃ will occur in Guanzhong, Shaanxi, southeastern Inner Mongolia, most of Hebei, Beijing, Tianjin, central and western Shandong, most of Henan, northern Jiangsu and Anhui, and northern Hubei, especially in southern Hebei, northern Henan and parts of Guanzhong, Shaanxi. The highest temperature can reach 39℃. From Friday to Sunday, the high temperature area will shrink northward, and the southern part of Northeast China will also usher in high temperature.

　　This round of high temperature lasts for a long time, and the continuous days of high temperature in many places in North China Plain can reach 4 to 6 days, such as Beijing and Shijiazhuang, or they will encounter continuous high temperature. In addition, the high temperature intensity in some areas, such as northern Hebei, southeastern Inner Mongolia and southwestern Liaoning, may be rare in the same period.

　　Next week, with the cold air moving eastward, the high temperature weather in the North China Plain will temporarily come to an end after the 19th, but then the continental high will move eastward, and the high temperature in the North China Plain will come back in late June.

　　Tomorrow, the "Dragon Boat Water" in South China will last for 16 days, and a new round of rainfall will hit the central and eastern regions.

　　Since late last week, Jiangnan, South China and Yunnan have become the areas with the most concentrated rainfall, especially in southeastern Guangxi and southwestern Guangdong, where the accumulated rainfall is relatively large under the influence of tropical disturbance. Today and tomorrow, rainfall will mainly affect central and southern Guangdong and southeastern Tibet.

　　The Central Meteorological Observatory predicts that there will be heavy rainstorms in parts of central and southern Guangdong, southeastern Guangxi, southeastern Fujian, central and northern Taiwan Province Island, southern and western Yunnan, and southeastern Tibet, among which there will be heavy rainstorms (100-150 mm) in the coastal areas of southwestern Guangdong and southeastern Tibet.

　　Tomorrow, there will be moderate to heavy rain in parts of Xinjiang along the Tianshan Mountains, southeastern Tibet, southern and eastern Sichuan, southwestern Chongqing, central and eastern Yunnan, south-central Guangxi, south-central Guangdong, southern Fujian and Taiwan Province Island, among which there will be heavy rain or heavy rain (100-120 mm) in parts of southeastern Tibet, western and southern coastal areas of Guangdong and Taiwan Province Island.

　　From 16th to 20th, a new round of large-scale rainfall will advance from south to north and from west to east, covering most of the central and eastern regions. There will be moderate to heavy rain in the eastern southwest, Jianghan, Jianghuai, southern Huanghuai, Jiangnan and South China, and there will be heavy rain or heavy rain in the local area. The public should pay attention to the forecast of the approaching and guard against the secondary disasters that may be caused by heavy rainfall.

　　CCTV News: Holiday consumption is a window to observe China’s economy. This New Year’s holiday, we found a new trend of consumption in the data, and we also felt the enthusiasm for consumption that continued to heat up.

　　According to the data, as of mid-December, the overall domestic travel orders in New Year’s Day holiday in 2024 increased by more than 3 times compared with last year, hotel orders increased by more than 5 times, air tickets increased by 205%, and holiday orders such as customized tours with groups increased by 240%.

　　Ice and snow economy is becoming the growth point of winter consumer market. The data shows that in November, the search volume related to "skiing" increased significantly year-on-year, and the number of ski ticket group purchase orders increased by 788% compared with the same period in 2019. The Yabuli Scenic Area in Heilongjiang has received 200,000 tourists since its opening in November, with a maximum reception of 8,000 people per day, a record high.

　　"North-South Cross" has become a new trend of consumption on New Year’s Day. The data depicts such a road map of people’s holiday travel: among the tourists who love to travel to the Northeast, the number of tourists from Guangzhou, Shenzhen and Shanghai ranks in the top three, while warm southern cities such as Sanya in Hainan, Kunming in Yunnan and Nanning in Guangxi have become popular destinations for northern tourists to "avoid the cold and cross the New Year". Tourists coming from afar drive the consumption growth of local hotels, scenic spots, restaurants and other formats, and inject fresh water into the local economic development.