CHINA STATE PLANNER said China’s role as an anchor of global economic stability has further strengthened. 1H GDP rose 4.7% YoY, one of the strongest rates among major economies, adding 3.6 trillion yuan. The IMF and World Bank recently trimmed global growth forecasts while raising China’s growth forecast by 0.2 percentage point. Activity dipped in April from external shocks but recovered in May–June, with supply and demand indicators improving. Urban surveyed unemployment averaged 5.2% in 1H and

CHINA STATE PLANNER said China’s role as an anchor of global economic stability has further strengthened. 1H GDP rose 4.7% YoY, one of the strongest rates among major economies, adding 3.6 trillion yuan. The IMF and World Bank recently trimmed global growth forecasts while raising China’s growth forecast by 0.2 percentage point. Activity dipped in April from external shocks but recovered in May–June, with supply and demand indicators improving. Urban surveyed unemployment averaged 5.2% in 1H and urban new employment totaled 6.95 mln, consistent with the annual target.