China's economy is poised for strength

To measure the strength of the economy, we cannot only look at the overall size, but also at whether the resilience of economic development is sufficient, whether the momentum is new, and whether the foundation is stable. In the first half of 2026, China's gross domestic product will reach 69.57 trillion yuan, and the economic and social development will maintain a stable trend; The per capita disposable income of residents is 22981 yuan, and the synchronicity of residents' shared development achievements continues to improve. This is a true portrayal of China's economy actively adjusting speed and accumulating strength against the backdrop of a complex and volatile global trade environment and rising external uncertainty.

The improvement of economic benefits is the most direct footnote to 'strengthening'. From January to July, the total profit of industrial enterprises above designated size reached 45820.6 billion yuan, a year-on-year increase of 17.6%. This means that after experiencing profit pressure in the previous years, industrial enterprises are shifting their profit recovery from a point by point recovery to a surface expansion. The improvement in the same direction as corporate profits is in fiscal revenue: from January to July, the general public budget revenue was 1.43696 trillion yuan, a year-on-year increase of 5.8%. The bidirectional improvement of enterprise efficiency and fiscal revenue indicates that the chain of "production distribution reinvestment" in the economic cycle is continuously being connected, and the micro foundation of macroeconomics is becoming more solid.

The resilience and security of the open dimension constitute the external support for 'strengthening'. The total import and export value of goods trade from January to August was 34.78 trillion yuan, and the scale of foreign trade continued to expand on the basis of a high base; The total import and export volume of services from January to July was 4446.71 billion yuan, and the increase in the proportion of knowledge intensive service trade remains a highlight of the optimization of foreign trade structure. More noteworthy is the role of foreign exchange reserves as a "ballast stone" for international balance of payments: China's foreign exchange reserves reached $3438.3 billion at the end of August and have remained stable in the range of $3.34 trillion to $3.45 trillion since the beginning of this year, without significant fluctuations. The stability of foreign exchange reserves and the increase in the scale of foreign trade are proactive measures taken by China to resist risks and strengthen its payment capacity amidst fluctuations in the external financial environment.

At the industrial level, the guarantee capability of traditional energy and the competitiveness of emerging digital economy have risen synchronously. From January to August, the production of raw coal was 3.064 billion tons, crude oil was 146 million tons, natural gas was 175.7 billion cubic meters, power generation was 6647.6 billion kilowatt hours, and the production of 10 types of non-ferrous metals was 55.58 million tons. The production of various major energy and raw materials maintained growth, and the chassis of energy and resource security did not loosen. From the perspective of the development of the industrial and supply chains, the production and export volume of electrical steel plates and strips have increased synchronously, with a cumulative export of 974000 tons from January to August. High end steel is no longer just "usable", but also "sellable".

From stable GDP growth to double-digit growth in industrial profits, from steady operation of foreign exchange reserves to continuous growth in foreign trade scale, from gradual recovery of fiscal revenue to a growth rate of residents' income surpassing economic growth - China's economy is becoming stronger, mainly reflected in the improvement of development quality, the accumulation of risk resilience, and the transition of industrial structure. Looking towards the future, the Chinese economy will continue to move forward along the track of high-quality development, cultivate new momentum in structural adjustment, and release new vitality in deepening reform. This will not only create more tangible development dividends for the Chinese people, but also inject a continuous stream of stabilizing forces into the global economic recovery.