China's economy shows resilience with a 5.3% GDP growth, driven by steady increases across primary, secondary, and tertiary industries.
China's economy grew by 5.3% year-on-year in the first half of 2023, with a GDP of 66,053.6 billion yuan. The primary industry added 3,117.2 billion yuan (3.7% growth), the secondary industry contributed 23,905.0 billion yuan (5.3% growth), and the tertiary industry saw an increase of 39,031.4 billion yuan (5.5% growth). In Q1, GDP rose by 5.4%, while Q2 saw a growth of 5.2% year-on-year and a month-on-month increase of 1.1%.