The economy has shown greater resilience
Huayuan said that in response to the impact of the epidemic, Shanghai has increased its cross-cycle adjustment efforts, fully implemented the national package of policies and measures to stabilize the economy, and timely introduced two rounds of policies to fight the epidemic and help enterprises to recover and revitalize the economy.More than 400 supporting rules have been issued at the two levels of the urban area, and the policy of "deferring exemptions, reducing subsidies and subsidies" has been comprehensively implemented, and it is expected to reduce the burden of various market entities by more than 300 billion yuan throughout the year.
The economic operation has withstood the test of the impact of the epidemic.In the first half of the year, the city's GDP was 1,934.9 billion yuan, down 5.7% year-on-year.This not only has the factors that laid a good foundation in the first two months of steady growth at the beginning of the year, but also the strong support for the continuous and stable operation of urban core functions and key enterprises during the epidemic period, and it is also the result of the accelerated effect of the policy of helping enterprises to bail out and revitalize the economy.The core functions of the city are operating stably, and the production and operation of important functional institutions have never been interrupted during the epidemic period, and the total transaction volume of Shanghai's financial market from January to July is 1634 trillion yuan, an increase of 17.2% year-on-year; The container throughput was 26.848 million TEUs, which continued to remain the world's first.
Efforts have been made to stabilize supply and expand demand, and economic operation has shown a stable and good trend.The report points out that Shanghai's industrial and real estate markets have accelerated their recovery.From January to July, the city's industrial added value fell by 7.1% year-on-year, of which June and July increased by 13.9% and 18.6% respectively.From January to July, the sales area of newly built commercial housing in the city fell by 16% year-on-year, of which the transaction area of market-oriented newly built commodity housing increased by 10% and 53.2% respectively in June and July, and the transaction volume of second-hand houses has returned to normal levels, and the house prices are generally stable.
The recovery of external demand was better than expected.From January to July, the city's total foreign trade import and export volume increased by 3% year-on-year, of which June and July increased by 9.6% and 23% respectively.The city's exports increased by 9.3%, of which June and July increased by 20.2% and 32.9% respectively.The consumer market has improved, with total retail sales of consumer goods falling by 13.9% from January to July, of which 0.3% increased in July, and online consumption such as fresh e-commerce and live e-commerce bucked the trend.
Shanghai has focused on implementing major national strategic tasks, and the new momentum has continued to grow.Major strategies lead key areas to accelerate development.Pudong led the construction of the district, and the economic growth rate of Pudong New Area in the first half of the year was 2.6 percentage points higher than that of the city.The three major industries led the growth, and the output value of integrated circuits, biomedicine and artificial intelligence manufacturing increased by 8.4% from January to July.
The report shows that the confidence of foreign-funded enterprises has accelerated its recovery, and the actual use of foreign capital in January-July was 14.29 billion US dollars, an increase of 6.1% year-on-year, of which June and July increased by 19.1% and 46% respectively.Market players are also recovering their vitality, with 161,000 new enterprises in the city from January to July, of which the average daily new enterprises in July basically recovered to last year's average.
Focus on these issues
Second, the external environment has become more complex and severe.The risk of stagflation in the world economy has risen, the foundation for domestic economic recovery is still unstable, the triple pressure of demand contraction, supply shock, and expected weakening continues to appear, the willingness and ability of private investment are insufficient, the production and operation of market players are difficult, and continuous efforts are needed to consolidate the economic recovery to a good trend.
Fourth, maintaining employment and stabilizing prices is facing greater pressure.The number of new jobs created is lower than in previous years, the employment pressure of key groups such as college graduates and long-term unemployed youth has increased, prices are facing upward pressure, and residents' incomes have declined.
Editor-in-Charge: Gao Wen Photo Editor: Zhu Weihui
Proofreader: Ding Xiao