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Economy

National Bureau of Statistics: The national economy continued to recover and steadily advanced towards high-quality development in the first three quarters

2023-10-18   

Accurately and effectively implementing macroeconomic policy regulation, focusing on expanding domestic demand, boosting confidence, and preventing risks, the national economy continues to recover and improve, production and supply steadily increase, market demand continues to expand, employment prices overall improve, development quality steadily improves, and positive factors accumulate and increase. According to preliminary calculations, the gross domestic product in the first three quarters was 91302.7 billion yuan, a year-on-year increase of 5.2% at constant prices. In terms of industries, the added value of the primary industry is 5637.4 billion yuan, a year-on-year increase of 4.0%; The added value of the secondary industry was 35365.9 billion yuan, an increase of 4.4%; The added value of the tertiary industry was 5029.93 billion yuan, an increase of 6.0%. From a quarterly perspective, the gross domestic product (GDP) increased by 4.5% year-on-year in the first quarter, 6.3% in the second quarter, and 4.9% in the third quarter. From a month on month perspective, the gross domestic product grew by 1.3% in the third quarter. 1、 The overall situation of agricultural production is good, with stable growth in animal husbandry. In the first three quarters, the added value of agriculture (planting) increased by 3.6% year-on-year. The national summer grain production is 146.13 million tons, a decrease of 0.9% compared to the previous year, ranking second in history in terms of production; The yield of early rice was 28.34 million tons, an increase of 0.8%. The sown area of autumn grain has steadily increased, and the overall growth is normal. The country is expected to have another bumper harvest of grain. In the first three quarters, the production of pigs, cattle, sheep, and poultry meat reached 69.74 million tons, a year-on-year increase of 3.9%. Among them, the production of pork, beef, lamb, and poultry meat increased by 3.6%, 5.0%, 5.2%, and 4.0% respectively; Milk production increased by 7.2%, and poultry egg production increased by 2.1%. At the end of the third quarter, there were 442.29 million live pigs on hand, a year-on-year decrease of 0.4%. In the first three quarters, 537.23 million pigs were sold, an increase of 3.3%. 2、 The recovery of industrial production is accelerating, and the equipment manufacturing industry is growing rapidly. In the first three quarters, the added value of industries above designated size nationwide increased by 4.0% year-on-year, 0.2 percentage points faster than the first half of the year. Looking at three major categories, the added value of the mining industry increased by 1.7% year-on-year, the manufacturing industry increased by 4.4%, and the production and supply of electricity, heat, gas, and water increased by 3.5%. The added value of the equipment manufacturing industry increased by 6.0%, 2.0 percentage points faster than all industries above designated size. In terms of economic types, the added value of state-owned holding enterprises increased by 4.6% year-on-year; Joint stock enterprises increased by 4.8%, while foreign and Hong Kong, Macao, and Taiwan invested enterprises increased by 0.5%; Private enterprises grew by 2.3%. From a product perspective, the production of solar cells, charging stations, and new energy vehicles increased by 63.2%, 34.2%, and 26.7%, respectively. In September, the added value of industries above designated size increased by 4.5% year-on-year, which was the same as the previous month and 0.8 percentage points faster than July; A month on month increase of 0.36%. From January to August, industrial enterprises above designated size nationwide achieved a year-on-year total profit

Edit:Hou Wenzhe Responsible editor:WeiZe

Source:National Bureau of Statistics

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