On July 17th, the National Bureau of Statistics released the major economic data for the first half of the country. From an overall perspective, the national economy is developing steadily and steadily.
In the first half of the year, the gross domestic product was 38.1490 trillion yuan, which was calculated at comparable prices and grew by 6.9% year-on-year. Subdivided into industries, the added value of the tertiary industry was 20.6516 trillion yuan, an increase of 7.7%.
In the first half of the year, the total retail sales of consumer goods reached 17.2369 trillion yuan, a year-on-year increase of 10.4 percent. In the area of ​​consumer upgrades, cultural and office supplies grew by 11.8 percent, and sports and entertainment products increased by 17.1 percent, a relatively rapid increase.
In terms of national consumer expenditure, the per capita disposable income of the country in the first half of 2017 was 12,932 yuan, an increase of 7.3% over the previous year. Per capita spending on education, culture, and entertainment was 869 yuan, an increase of 10.0%, accounting for 9.8% of per capita consumer spending.
From January to June 2017, the national fixed asset investment (excluding rural households) increased by 8.6%, and the investment in culture, sports and entertainment industry was 379.9 billion yuan, an increase of 15.4% year-on-year.
In the private fixed investment, the investment in culture, sports and entertainment industry was 196.7 billion yuan, a year-on-year increase of 14.6%.
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