Dear readers

National Bureau of Statistics issued economic performance bulletin for the first half of the year， unrolling a series of growth changes in primary， secondary and tertiary sectors with the gross domestic products （GDP） growing rate at 7.0 percent against the previous timeframe last year. The achievement is officially termed as “moving forward while maintaining stability”， a well-crafted rhetoric for a moderate economic growth now seen still within proper range without any sign of slowdown-driven stagnation. In my views， Chinas economy is good in generality on the grounds that its macro-economic fundamentals are faring well， and these indexes in fundamentality are indicated in such big four players as economic growth rate， unemployment rate， social demand （consumption， investment and export， known as Troika） and social income （national revenues， corporate profits and personal income）.

Chinas GDP swirled up to 63.6463 trillion yuan in 2014 according to the official release， equivalent to 10.36 trillion US$ well above the chart next to U.S.A. published by the World Bank， making its way， for the first time， to step into the 10-trillion UD$ echelon. As the world second largest economy， China is always on the spotlight in every step of the way on the stage， making sure it moves ahead at a moderate speed， firm and steady in the right direction with each act of the drama still applaudable. The first six months of 2015 witnessed an increase of the investment in the fixed assets （not including the rural households） by 11.4 percent to reach 23.713.2 trillion yuan （approx. 4 trillion US$）， a strong impetus to boost the economic growth that hovers around 7 percent rate， even though the government wanted the consumption-driven growth model to play protagonist role in the running scenario of economic development. The retail actually totalized 14.1577 trillion yuan on year-on-year upstick by 10.4 percent， and the on-line retail grew gorgeously faster at a rate of 39.1 percent， taking up 9.7 percent share in the total retail value， a marvelous record that will have a robust growth prospect when it comes to a trend that more and more companies swarm to follow with their online sales establishments to attract the younger generation who choose to perambulate and saunter on the clouds for online shopping.

The textile industry grew by 6.8 percent in its value-added output， 0.5 percentage point better than the nations industrial growth that registered at 6.3 percent while the fixed assets investment in the holistic textile industry curved up to 15.41 percent over the previous years increase， approximately concluding 100 billion US$， with the number of new constructions for the projects that really started to break the ground to proceed with construction schedule chalked up by 11.02 percent. What is the most noteworthy is the export which amounted to 131.862 billion US$ worth of textiles and apparel at a growth rate that dropped by 2.91 percent， 7.07 percentage points lower than the first half of last year in growth speed. The troika of investment， export and consumption in textile economy exerts different impacts on how fast， how far and how well the wagon moves， with the domestic purchasing power and consumption to be a cut above. The apparel retail ran by 10.7 percent， a bit faster than the nations total consumptive goods retails that grew by 10.4 percent， and the online shopping and retails in bricks and mortar run neck and neck to be the growth engine in the futuristic consumption-driven growth model.