First half of 2023，Faced with the complex and severe international environment and the arduous and arduous tasks of domestic reform, development and stability，Under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core，my country’s market demand is gradually recovering，Production and supply continue to increase，Employment prices are generally stable，Resident income grows steadily，The overall nj bet365 performance is recovering and improving。But there is also insufficient domestic demand、Some companies have operating difficulties、Problems such as more risks and hazards in key areas。Obviously，nj bet365 phenomena are highly random，nj bet365 laws can only be reflected and discovered through long-term and multi-perspective comparisons，The same is true for analyzing the macroeconomic situation。Therefore，It is necessary to rationally understand China’s macroeconomics in a long-term historical context and an international comparative perspective。

From an international comparative perspective，my country’s current nj bet365 rate is still one of the highest among the world’s major economies。In the complex and ever-changing international environment、High global inflation、In the context of weakening nj bet365 momentum in major economies，It is not easy for our country to achieve an overall recovery in nj bet365，Demonstrates strong economic resilience。First quarter of 2023，my country’s GDP grew by 4% year-on-year.5%，Faster than US1.8%、Eurozone 1.0%、Japan 1.9%、South Korea 0.9% and other major economies’ growth rate；Second Quarter，my country’s GDP increased by 6% year-on-year.3%，And the United States is 2.56%，0 for Eurozone.6%，South Korea is 0.9%。my country’s nj bet365 rate remains the leading among major economies，Becoming an important engine and stabilizing force for world nj bet365。

From the perspective of long-term historical trends and international laws，With the increase of GDP per capita，The nj bet365 rate of all countries will show a downward trend。According to Payne Table 10.0 data statistics found，Per capita GDP reaches 10,000 US dollars、,000、USD 30,000、USD 40,000、When US,000 and US,000，The average nj bet365 rate of major countries in the world is about 7.47%、4.27%、2.83%、2.10%、2.03% and 2.29%。my country’s per capita GDP in 2022 will be 85,698 yuan，Converted based on annual average exchange rate，To 741，Remaining at 1 for two consecutive years.,000。First half of 2023，my country’s nj bet365 rate reached 5.5%，Indicates that the overall economic performance is recovering and improving。Look at the details，When the United States’ per capita GDP reaches US,000 and US,000，GDP growth rate is 6 respectively.10% and 5.54%。At this stage, my country’s per capita GDP has just exceeded 10,000 US dollars，In the process of development from US,000 to US,000，It is entirely possible for the nj bet365 rate to remain at around 6%，Also reasonable，Be confident about this。

From the perspective of labor productivity，There is huge room for development in our country’s economy。Labor productivity is the core indicator to measure the level of nj bet365 development and productivity development of a country。Since the reform and opening up，my country’s labor productivity has increased significantly，But judging from international comparative data，Our country is not only decades behind developed countries，Not even as good as Latin America and Malaysia、Türkiye and other countries。For example，At ,000，Argentina、Chile、Malaysia、Türkiye’s labor productivity is 4.USD 720,000/person、4.USD 890,000/person、5.USD 460,000/person、7.USD 110,000/person。my country’s current per capita GDP is just over 10,000 US dollars，Labor productivity is about 2.USD 940,000/person。This shows，my country’s labor productivity and total factor productivity (TFP)，There is huge room for improvement and development potential。In the process of promoting Chinese-style modernization, we should focus on improving labor productivity。

From the perspective of the development trend of economic globalization，The world economy has entered the stage of "slow globalization" from "rapid globalization"，The era of rapid growth in export trade is gone forever，However, China’s import and export trade is still stable。In recent years，A series of unpredictable factors have had a major impact on the global economy，World trade growth will slow down from 2022，And continue to be weak in early 2023。But January-June 2023，The scale of my country’s import and export of goods has reached 20.1 trillion yuan，A record high for the same period in history，YoY growth 2.1%。From historical data，The contribution of my country’s net exports of goods and services to nj bet365 from 2015 to 2019 was negative，For example, every quarter from 2016 to 2018 is negative。From an international comparison，The proportion of net exports to GDP in major countries in the world is low and most of them are negative (i.e. deficit)，If per capita GDP is between US,000 and US,000，The average ratio of net exports to GDP is 1.18% and 0.029%，United States、Japan’s net export share remains below 5%。Therefore，As long as import and export trade maintains a growth trend，And the trade balance is within a reasonable range near 0，The contribution of net exports of goods and services to nj bet365 is even negative，Also normal。The latest data shows that China’s economy is gradually recovering and improving。

Regarding my country’s macroeconomic situation in the short term，First of all, the contribution of consumption to my country’s nj bet365 will continue to increase。First half of 2023，my country’s total retail sales of consumer goods increased by 8% year-on-year.2%。Catering、Entertainment and other service consumption is picking up，The proportion of residents’ service consumption expenditure has steadily increased。Among them，Catering revenue increased by 21% year-on-year.4%；Domestic movie box office revenue increased by 52.9%，Box office revenue from commercial performances increased by 6.7 times。Secondly, my country has huge investment space、Strong resilience and great potential。Due to objective regional differences，There is still a lot of room for investment in traditional infrastructure，With a new round of technological revolution and industrial transformation，Big data、Artificial Intelligence、There is huge potential for investment in new infrastructure such as 5G。But for now，my country’s investment growth is relatively stable。According to data from the National Bureau of Statistics，First half of 2023，National fixed asset investment (excluding farmers) reached 24,311.3 billion yuan，YoY growth 3.8%，Including manufacturing investment、Infrastructure investment increased by 6 respectively.0%、7.2%，Significantly faster than all investments。The supporting role of large project investment is obvious，The investment in large projects with a planned total investment of 100 million yuan and above increased by 10% year-on-year.9%，Promote all investment growth 5.5 percentage points。Industrial investment increased by 8% year-on-year.9%，Among them, manufacturing fixed asset investment increased by 6% year-on-year.0%。Finally, my country’s export competitiveness has steadily improved，Foreign trade and foreign investment are stable and improving，Shows strong international competitiveness and comparative advantages。Industrial upgrading and technological innovation have enhanced China’s export competitiveness，Labor costs still have certain advantages，Diversified export markets also provide more opportunities for our country。According to data released by the General Administration of Customs，The proportion of mechanical and electrical products in total export value increased to 58 from January to July 2023.1%，The export volume of automobiles reached 277.80,000 vehicles，Increase 74 year-on-year.1%，Value 3837.300 million yuan，Increase 118.5%，Export scale ranks first in the world。my country has become the world’s largest automobile producer、Consuming and exporting countries。But my country’s export trade also faces some challenges，Weak economic recovery in the world、Shrinking external demand、Trade frictions and geopolitical conflicts will also have adverse effects。

In short，my country’s complete industrial system has obvious advantages，Super large-scale market has outstanding advantages，Significant advantages in human resources，The dividends of reform and opening up continue to be released，China’s economy is stable and improving、The long-term good fundamentals have not changed，The factors and conditions supporting high-quality development have not changed，Tough enough、Great potential、The characteristic of wide space has not changed。Coordinating both domestic and international situations，With the support of various policies and measures that coordinate development and security，China has the conditions and ability to achieve stable and healthy nj bet365 development。We must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era，Adhere to the general tone of seeking progress while maintaining stability，Complete、Accurate、Comprehensively implement the new development concept，Accelerate the construction of a new development pattern，Comprehensively deepen reform and opening up，Intensify macroeconomic policy control，Focus on expanding domestic demand、Boost confidence、Prevent risks，Continuously promote the continuous improvement of nj bet365 performance、Endogenous power continues to increase、Social expectations continue to improve、Hidden risks continue to be resolved，Effectively promote the economy to achieve effective qualitative improvement and reasonable quantitative growth。

　　(This article is a phased result of the National Social Science Fund major project “Research on Building an Open nj bet365 System under the New Development Pattern” (22ZDA063) that explains the spirit of the Sixth Plenary Session of the 19th CPC Central Committee)

(The author is from the Research Center for Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Chinese Academy of Social Sciences、Researcher at the Institute of nj bet365 Research)