China’s GDP grew 4.6% year-on-year in the first three quarters

China News Service, Beijing, October 19 (Reporter Chen Su) Data released by the National Bureau of Statistics of China on the 19th showed that in the first three quarters of this year, China's gross domestic product (GDP) was 107.1071 billion yuan (RMB, the same below), a year-on-year increase of 4.6% at constant prices.

In terms of industries, the added value of the primary industry was 5,899.4 billion yuan, a year-on-year increase of 3.7%; the added value of the secondary industry was 38,382.2 billion yuan, an increase of 3.8%; and the added value of the tertiary industry was 62,825.5 billion yuan, an increase of 5.2%. Looking at the quarters, GDP increased by 5.0% year-on-year in the first quarter, 4.3% in the second quarter, and 4.5% in the third quarter. From a quarter-on-quarter perspective, GDP increased by 1.2% in the third quarter.

In the first three quarters, the added value of industries above designated size nationwide increased by 5.3% year-on-year. The added value of the equipment manufacturing industry increased by 10.2% year-on-year, and the added value of the high-tech manufacturing industry increased by 14.3%. In the first three quarters, the added value of the service industry increased by 5.2% year-on-year.

In the first three quarters, the total retail sales of consumer goods and services increased by 2.6% year-on-year, of which service retail sales increased by 5.0% and commodity retail sales increased by 1.0%. In the first three quarters, the national online retail sales of goods and services reached 15,147.1 billion yuan, a year-on-year increase of 4.4%. National fixed asset investment (excluding rural households) was 33,411.5 billion yuan, a year-on-year decrease of 7.2%, which was the same as from January to August; fixed asset investment excluding real estate development decreased by 4.2%. The total import and export of goods was 39,939.9 billion yuan, a year-on-year increase of 18.8%.

In the first three quarters, the national average urban surveyed unemployment rate was 5.2%, the same as the same period last year. The per capita disposable income of residents across the country was 34,230 yuan, a nominal increase of 5.3% year-on-year, and a real increase of 4.4% after deducting price factors.

At the press conference of the State Council Information Office held on the 19th, Mao Shengyong, deputy director of the National Bureau of Statistics, said that in the first three quarters, the national economy withstood pressure and maintained stable operation, showing a development trend of new momentum and improved structure. Positive changes in major indicators increased, and high-quality development achieved new results. It should also be noted that the international environment is complex and ever-changing, the problem of insufficient domestic demand is still prominent, and the foundation for economic stability and improvement needs to be consolidated. (over)