According to the data released by the National Bureau of Statistics on the 24th, China's GDP in the first three quarters increased by 3% year-on-year, 0.5 percentage points faster than that in the first half of the year; The third quarter saw a year-on-year growth of 3.9%, 3.5 percentage points faster than the second quarter. From the perspective of economic operation in the third quarter, the main indicators recovered and stabilized, remained within a reasonable range, and positive factors accumulated. At the stage of economic recovery and development, we need to strengthen confidence and consolidate the momentum of economic recovery. Since this year, in the face of complex and severe domestic and international situations and multiple shocks from unexpected factors, according to the central decision and deployment, all regions and departments have adhered to the general tone of seeking progress while maintaining stability. In accordance with the requirements of preventing epidemics, stabilizing the economy, and ensuring safe development, we have effectively coordinated epidemic prevention and control and economic and social development, accelerated the implementation of a package of policies and measures to stabilize the economy, and the national economy has continued to recover under pressure, The quality of economic development was further improved. From the macro data, the three major demands of China's national economy continued to rise in the first three quarters, and the potential for recovery and development was strengthened. Taking consumption as the "ballast" of the economic operation as an example, various departments in various regions have promoted the gradual recovery of the consumer market through financial subsidies, issuance of consumer vouchers and other measures, which has not only enhanced residents' willingness to consume but also stabilized the market players. The production and operation of many enterprises have been accelerated and resumed through new tax cuts and fee reductions and tax rebates and tax and fee deferrals nationwide. We comprehensively used various structural monetary policy tools to guide financial institutions to strengthen their support for the real economy. The financing environment for enterprises continued to improve, and financing costs continued to decrease. China's economy is a sea. Although the external environment is becoming more complex and severe, new opportunities are also emerging. At present, we should thoroughly study and implement the spirit of the 20th National Congress of the Communist Party of China, stabilize expectations, boost confidence, fully release the effectiveness of policies, further stimulate the vitality of market players, expand effective demand, effectively overcome difficult challenges in economic operation, and promote steady economic development throughout the year. (Liu Xinshe)
Edit：Yi Bin Responsible editor：Li Bin Wei
Source：Xin Hua news
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