On October 18, the State Council Information Office held a press conference. Sheng Laiyun, deputy director of the National Bureau of Statistics, introduced my country's economic performance in the first three quarters. Preliminary calculations show that the GDP in the first three quarters was 94,974.6 billion yuan, a year-on-year increase of 4.8% at constant prices. In September, most production demand indicators improved, market expectations improved, and positive factors that promoted economic recovery increased.
Major economic indicators showed positive changes in September
"In the first three quarters, the national economy was generally stable and making progress." Sheng Laiyun analyzed the outstanding characteristics of the economic operation in the first three quarters from three aspects.
——From a cumulative perspective, the general tone of "stable" economic operation has not changed.
In terms of growth rate, GDP increased by 5.3% year-on-year in the first quarter of this year, 4.7% in the second quarter, and 4.6% in the third quarter. The fluctuation range of these indicators is not large, and they are close to the expected target of "around 5%".
Employment prices were generally stable. In terms of employment, in the first three quarters, the national average urban surveyed unemployment rate was 5.1%, which was the same as the first half of the year. In terms of prices, the consumer price index rose by an average of 0.3% in the first three quarters, an increase of 0.2 percentage points higher than that in the first half of the year. In addition, the international balance of payments is basically balanced.
"Judging from the four major macro indicators of growth, employment, inflation, and balance of payments, the economy has been operating generally steadily in the first three quarters, and the general tone of stable operation has not changed," Sheng Laiyun said.
——The general trend of optimizing economic structure, improving quality, and making steady progress in high-quality development has not changed.
In terms of innovation and development, in the first three quarters, investment in high-tech industries increased by 10.0% year-on-year; the added value of high-tech manufacturing above designated size increased by 9.1%, 3.3 percentage points higher than the average growth rate of industries above designated size. In terms of coordinated development, the industrial structure, demand structure, and regional structure continue to be optimized. In terms of green development, production and consumption of wind power, nuclear power, photovoltaic power generation, etc. have maintained rapid growth. In terms of open development, despite the complex and ever-changing international situation, in the first three quarters, the delivery value of industrial exports increased by 4.1%, and the export of full-scale goods increased by 6.2%. In terms of shared development, in the first three quarters, the growth rate of residents' income was slightly higher than the GDP growth rate, people's livelihood protection was strong and effective, and new results were achieved in food security and energy supply.
——The national economy showed positive changes in September, with most indicators improving marginally and the economy showing a bottoming out and stabilizing trend.