The main features of the economic situation in the second half of 2019 are as follows:

Economic growth is steady to moderate.In the second half of 2019, China's economy will grow by 6.9% year-on-year, a drop of 0.2 percentage points from the growth rate in the first half. Among them, the secondary industry grew by 6.7%, down 0.5 percentage points from the first half, while the tertiary industry grew by 7.0%, accelerating by 0.2 percentage points from the first half.

Structural adjustment continues to advance. In the economic situation in the second half of the year, structural adjustment continued to advance, especially the rapid growth of the service industry and the steady growth of the manufacturing industry, which became an important support for economic structural adjustment. Information transmission, software and information technology services, culture, sports and entertainment, education and other areas of the service industry grew faster, to optimize the economic structure and enhance economic efficiency played a positive role.

The pulling effect of domestic demand is obvious. In the economic situation in the second half of the year, the pulling effect of domestic demand remains obvious. Investment in fixed assets grew steadily, with accelerated growth in infrastructure investment, which played an important role in promoting stable economic growth. In addition, the total retail sales of consumer goods also maintained steady growth, and the continued upgrading of residents' consumption and the transformation of consumption patterns became an important driving force for the economy.

New kinetic energy continues to grow. In the economic situation in the second half of the year, new kinetic energy continued to grow, becoming an important support for economic development. The value-added growth of high-tech industries was significantly faster than that of other industries, and new industries and modes such as artificial intelligence, big data and cloud computing continued to develop, injecting new impetus into the economy.

In short, the main features of the economic situation in the second half of 2019 are steady economic growth, continued structural adjustment, obvious domestic demand pulling effect, and growing new kinetic energy.