4.8%!
New users can follow the "International Business Daily" by clicking on it. According to data released by the National Bureau of Statistics on a certain date, the preliminary accounting shows that the gross domestic product (GDP) for the first three quarters of this year was 91,300 billion yuan, with a year-on-year increase of 5.2% calculated at constant prices. By quarter, the GDP grew by 4.5% in the first quarter, 6.3% in the second quarter, and 4.9% in the third quarter. In terms of quarter-on-quarter growth, the GDP of the third quarter increased by 1.3%.
Overall, in the first three quarters, the national economy has maintained stable operation with steady progress. In September, major economic indicators have shown positive changes, and the accumulation of factors driving the economy upward and improving has increased. Sheng Laiyun, Deputy Director of the National Bureau of Statistics, introduced at the press conference on the national economic performance in the first three quarters held by the State Council Information Office that the economic operation in the first three quarters has three prominent characteristics: firstly, the overall tone of stability in the national economic operation has not changed; secondly, the trend of solid progress in high-quality development has not changed; thirdly, the national economy in September has shown positive changes, with most indicators improving marginally, and the economic operation has shown a trend of stabilizing and recovering.
Sheng Laiyun further stated that from the perspective of innovation development, in the first three quarters, investment in high-tech industries continued to maintain a rapid growth rate, with the added value of high-tech manufacturing among large-scale enterprises increasing by .% year-on-year, . percentage points higher than the average growth rate of large-scale industrial enterprises. From the perspective of coordinated development, industrial structure, demand structure, and regional structure all continued to move towards coordinated development. In the industrial structure, the proportion of manufacturing added value in the total added value of large-scale enterprises continued to increase. From the perspective of demand structure, the proportion of investment in high-tech industries continued to rise. From the perspective of green development, the "new three types" of green industries represented by new energy vehicles, lithium batteries, and photovoltaics continued to maintain double-digit high growth. Production and consumption of wind power, nuclear power, and photovoltaic power generation all maintained rapid growth. From the perspective of open development, various regions unswervingly promoted high-level opening-up, and exports, despite the complex and volatile international situation, were able to maintain a growth rate of .%, with exports to countries jointly building the Belt and Road growing even faster than the average.
Under the influence of a series of policy effects, especially after the important meeting of the Political Bureau of the Central Committee at the end of the month, a package of incremental policies were accelerated, which greatly enhanced market confidence, changed business expectations, and invigorated market vitality," said Sheng Laiyun. He noted that the economy grew by .% in the first three quarters, laying a solid foundation for achieving the annual goals. Judging from the economic performance in the first three quarters and the implementation effects of the incremental policies, the favorable conditions for stabilizing and reviving the economy are increasing, and the confidence in achieving the expected annual growth target of around % is strengthening.
"Overall judgment suggests that the economy in the fourth quarter will continue the stabilization and recovery trend that has already emerged in recent months. We are full of confidence in achieving the annual targets," said Sheng Laiyun. In the next stage, it is essential to earnestly implement the central government's decisions and plans, accelerate the implementation of a package of incremental policies and already introduced stock policies, form a synergy of policies, consolidate the stabilization and recovery trend in the economy, and continuously drive economic growth, structural optimization, and positive development.