A change for the better

Despite the slowdown in economic growth, there are signs that economic restructuring is starting to yield results

Data shows that, against the backdrop of slowing economic growth, some changes quietly took place in the economic structure of China in the first half of this year. This was what the government's macroeconomic policies were intended to achieve and the changes were also consistent with the economic development strategy of the 12th Five-Year Plan (2011-2015).

Despite the slowing economy, the central government has focused on economic restructuring and the transformation of the economic growth model instead of introducing a stimulus package. The efforts to optimize and restructure the economy have yielded substantial results.