Group 1: Retail Sales Overview - In September, the total retail sales of consumer goods reached 41,971 billion yuan, with a year-on-year growth of 3.0% [1] - From January to September, the total retail sales of consumer goods amounted to 365,877 billion yuan, growing by 4.5% [1] - Excluding automobiles, the retail sales of consumer goods in September were 37,260 billion yuan, with a growth of 3.2% [1] Group 2: Urban and Rural Consumption - In September, urban retail sales were 35,783 billion yuan, showing a year-on-year increase of 2.9%, while rural retail sales reached 6,188 billion yuan, growing by 4.0% [1] - From January to September, urban retail sales totaled 316,838 billion yuan, with a growth of 4.4%, and rural retail sales were 49,039 billion yuan, increasing by 4.6% [1] Group 3: Consumption Types - In September, the retail sales of goods were 37,462 billion yuan, with a year-on-year growth of 3.3%, while catering revenue was 4,509 billion yuan, growing by 0.9% [1] - From January to September, the retail sales of goods reached 324,888 billion yuan, with a growth of 4.6%, and catering revenue was 40,989 billion yuan, increasing by 3.3% [1] Group 4: Online Retail Performance - From January to September, the national online retail sales reached 112,830 billion yuan, with a year-on-year growth of 9.8% [2] - Among online retail sales, the physical goods online retail sales were 91,528 billion yuan, growing by 6.5%, accounting for 25.0% of the total retail sales of consumer goods [2] - In the category of physical goods online retail sales, food, clothing, and daily necessities grew by 15.1%, 2.8%, and 5.7% respectively [2] Group 5: Retail Formats - From January to September, retail sales in convenience stores, supermarkets, department stores, specialty stores, and brand exclusive stores grew by 6.4%, 4.4%, 0.9%, 4.8%, and 1.5% respectively among retail units above designated size [1]

国家统计局网站消息，国家统计局新闻发言人就2025年前三季度国民经济运行情况答记者问。 1.今年以来，面对复杂环境中国经济运行情况如何？请问如何评价前三季度的经济运行总体表现？ 答：今年以来，我国经济发展历程很不平凡。面对外部压力加大和内部困难较多的复杂局面，以习近平 同志为核心的党中央总揽全局、科学决策，各地区各部门沉着应对、狠抓落实，全国上下同心同德、共 克时艰，我国经济发展顶住压力，取得了难能可贵的发展成绩，经济运行持续保持总体平稳、稳中有进 发展态势。 第二，尽管经济增速有所回落，但经济稳中有进发展态势没有变。从增长水平看，我国三季度4.8%的 经济增速水平仍明显高于多数主要经济体，对于我们这么大体量的经济体尤为难能可贵。三季度经济总 量达35.5万亿元，超过了全球第三大经济体2024年全年经济总量。从就业物价看，就业形势总体稳定， 物价运行有所改善。三季度城镇调查失业率与上年同期持平，核心CPI同比涨幅持续扩大，PPI降幅连续 2个月收窄。从国际收支看，保持总体平衡。三季度货物进出口总额同比增长6.0%，外汇储备连续2个 月增加。从发展质量看，经济转型升级态势持续。三季度，规模以上高技术制造业增加值 ...

Group 1: Coal, Oil, and Natural Gas Production - In September, the production of raw coal in large-scale industries decreased by 1.8% year-on-year, with a total output of 410 million tons, showing a narrowing decline compared to August [1] - The production of crude oil increased by 4.1% year-on-year in September, reaching 17.77 million tons, with a daily average output of 592,000 tons [3] - Natural gas production saw a significant increase of 9.4% year-on-year in September, totaling 21.2 billion cubic meters, with a daily average output of 710 million cubic meters [7] Group 2: Electricity Production - Electricity generation in large-scale industries grew steadily, with a total output of 826.2 billion kilowatt-hours in September, reflecting a year-on-year increase of 1.5% [9] - Different energy sources showed varied performance: thermal power decreased by 5.4%, hydropower increased by 31.9%, nuclear power growth slowed to 1.6%, wind power declined by 7.6%, and solar power increased by 21.1% [9]

同比降幅总体持续收窄 ——国家统计局城市司首席统计师王中华解读2025年9月份商品住宅销售价格变动情况统计数据 9月份各线城市商品住宅销售价格环比下降 70个大中城市房地产价格统计一二三线城市划分：一线城市指北京、上海、广州、深圳等4个城市；二 线城市指天津、石家庄、太原、呼和浩特、沈阳、大连、长春、哈尔滨、南京、杭州、宁波、合肥、福 州、厦门、南昌、济南、青岛、郑州、武汉、长沙、南宁、海口、重庆、成都、贵阳、昆明、西安、兰 州、西宁、银川、乌鲁木齐等31个城市；三线城市指唐山、秦皇岛、包头、丹东、锦州、吉林、牡丹 江、无锡、徐州、扬州、温州、金华、蚌埠、安庆、泉州、九江、赣州、烟台、济宁、洛阳、平顶山、 宜昌、襄阳、岳阳、常德、韶关、湛江、惠州、桂林、北海、三亚、泸州、南充、遵义、大理等35个城 市。 9月份，一线城市新建商品住宅销售价格环比下降0.3%，降幅比上月扩大0.2个百分点。其中，北京和上 海分别上涨0.2%和0.3%，广州和深圳分别下降0.6%和1.0%。二线城市新建商品住宅销售价格环比下降 0.4%，降幅扩大0.1个百分点。三线城市新建商品住宅销售价格环比下降0.4%，降幅与上月相同。 9月份 ...

Group 1: Consumer Price Trends - Consumer prices remained stable in the first three quarters, with CPI decreasing by 0.1% year-on-year, consistent with the first half and the first quarter [2] - Core CPI, excluding food and energy, has shown a continuous recovery since March, rising to 1% in September, the highest in nearly 19 months [4] - Food prices saw a year-on-year decline of 1.8%, with fresh vegetable prices averaging a drop of 7.9% and pork prices shifting from an increase of 3.8% in the first half to a decrease of 2.9% in the first three quarters [2] Group 2: Energy Price Trends - Energy prices decreased by 3.3% year-on-year in the first three quarters, with gasoline prices dropping by 7.3% due to international oil price fluctuations [3] Group 3: Producer Price Trends - PPI decreased by 2.8% year-on-year in the first three quarters, with a narrowing decline of 0.3 percentage points in the third quarter compared to the second quarter [5] - The domestic market's competitive order has improved, leading to a recovery in prices for certain industries, such as coal processing and black metal smelting, which saw a reduction in year-on-year price declines [5] Group 4: External Influences on Prices - International oil prices have generally trended downward, impacting domestic oil-related industry prices, with a 9.9% decline in the oil and gas extraction industry [6] - Conversely, international non-ferrous metal prices have risen, leading to a 5.6% year-on-year increase in domestic non-ferrous metal smelting and rolling industries [6] Group 5: High-Tech Industry Developments - The development of high-tech industries and effective macro policies have driven price increases in certain sectors, such as integrated circuit packaging and testing, which rose by 3.0% year-on-year [7] - Upgraded consumer demand has also contributed to price increases in sectors like arts and crafts manufacturing, which saw a 12.7% rise [7]

据国家统计局20日发布数据显示，前三季度，货物和服务净出口对经济增长贡献率为29.0%，拉动GDP 增长1.5个百分点。其中，三季度货物和服务净出口对经济增长贡献率为24.5%，拉动GDP增长1.2个百 分点。 （文章来源：国家统计局） ...

Economic Overview - In the first three quarters, China's GDP reached 10,150.36 billion yuan, with a year-on-year growth of 5.2% [2] - The contribution rates to economic growth from the primary, secondary, and tertiary industries were 4.7%, 34.6%, and 60.7% respectively [2] Industry Performance - Agricultural production showed stability with a year-on-year increase of 4.0%, contributing 0.3 percentage points to economic growth [3] - Industrial production increased by 6.1% year-on-year, contributing 1.8 percentage points to economic growth, with manufacturing growing by 6.5% [3] - The service sector also performed well, with significant growth in information transmission, software, and IT services, which grew by 11.2% [3] Domestic Demand and Trade - Final consumption expenditure contributed 53.5% to economic growth, adding 2.8 percentage points to GDP [5] - Investment in key areas showed rapid growth, with capital formation contributing 17.5% to economic growth [5] - Net exports maintained stable growth, contributing 29.0% to economic growth [5] Market Dynamics - The digital economy showed significant support, with revenue from information transmission and IT services growing by 12.1% [6] - The manufacturing sector is accelerating its transformation, with high-tech manufacturing increasing by 9.6% [7] - Modern service industries are also improving, with high-tech service sector revenue growing by 9.4% [7]

Group 1 - The overall grain production is stable, with expectations for another bumper harvest in the year, supported by stable summer grain and increased early rice production [2][4] - Summer grain production reached 299.48 billion jin, slightly down by 0.1% year-on-year, while early rice production increased to 57.03 billion jin, up by 1.2% [2] - The autumn grain planting area has increased, and favorable weather conditions in most agricultural regions have contributed to a positive outlook for autumn grain production [2][3] Group 2 - Livestock production remains stable, with total meat production reaching 73.12 million tons, an increase of 3.8% year-on-year [3][4] - The number of pigs slaughtered increased to 52.992 million heads, up by 1.8%, with pork production at 4.368 million tons, also up by 3.0% [3] - Cattle and poultry production showed growth, with beef production increasing by 3.3% and poultry meat production rising by 7.2% [4] Group 3 - The agricultural product market is well-supplied, with producer prices down by 3.6% year-on-year [5] - Grain prices have generally decreased, with specific declines in wheat (2.5%), rice (1.6%), and corn (5.3%), while fruit prices saw a slight increase of 1.1% [5] - Overall, the agricultural market prices remained stable, with fluctuations in specific categories such as vegetables and livestock [5]

Core Insights - The service industry has shown significant growth, contributing notably to the overall economic performance, with a service value added of 592,955 billion yuan, representing a year-on-year increase of 5.4% [2] - The modern service sector is thriving, driven by innovations in technology and new business models, particularly in information transmission and software services [3][4] - Consumer demand for services has increased, particularly in tourism and cultural sectors, leading to a rise in service retail sales [5] Group 1: Economic Growth Contribution - The service sector's value added accounted for 58.4% of GDP, up 0.8 percentage points from the previous year, contributing 60.7% to national economic growth [2] - In the third quarter, the service sector's value added was 202,641 billion yuan, with a contribution rate of 61.8% to GDP growth [2] - The service production index grew by 5.6% year-on-year in September, indicating sustained growth [2] Group 2: Innovation and New Growth Drivers - The modern service industry is expanding rapidly, with information transmission and software services growing by 11.2% and 9.2% respectively in the first three quarters [3] - The strategic emerging service industries and high-tech service industries saw revenue growth of 10.6% and 9.4% respectively from January to August [4] - Fixed asset investment in high-tech services increased by 6.1%, with information services seeing a remarkable growth of 33.1% [4] Group 3: Service Consumption Trends - Service retail sales increased by 5.2%, outpacing the growth of goods retail sales by 0.6 percentage points [5] - Online retail sales grew by 9.8% in the first three quarters, reflecting a shift towards digital consumption [5] - The cultural and tourism sectors experienced significant growth, with revenue from cultural arts and travel services increasing by 13.3% and 9.5% respectively [5] Group 4: International Trade and Investment - Service trade imports and exports totaled 52,476.9 billion yuan, with a year-on-year growth of 7.4%, and travel service exports surged by 57.6% [6] - The actual use of foreign capital in the service sector reached 3,661.9 billion yuan, accounting for over 70% of total foreign investment [6] - The execution of service outsourcing contracts remained robust, with significant growth in business operation and maintenance services [6] Group 5: Business Activity and Future Outlook - The business activity index for the service sector was at 50.1 in September, indicating expansion, with several industries exceeding 60.0 [7] - The business activity expectation index remained stable at 56.3, reflecting optimistic outlooks among service sector enterprises [8] - Overall, the service industry is expected to continue its stable performance, although challenges such as external uncertainties and insufficient domestic demand persist [8]

Group 1 - The overall urban surveyed unemployment rate in China remained stable at an average of 5.2% from January to September, with slight fluctuations in the third quarter due to seasonal factors [2][3] - The unemployment rate in 31 major cities averaged 5.1%, slightly lower than the national level, indicating a relatively stable employment situation in urban areas [2] - The unemployment rate for migrant workers was 4.8%, which is 0.4 percentage points lower than the national urban average, showing resilience in this demographic [3] Group 2 - Employment in key service sectors such as transportation, accommodation, and cultural industries improved due to increased support for employment policies and active summer tourism [3] - The unemployment rate for the 16-24 age group saw a seasonal increase during July and August but showed a significant recovery in September as graduates secured jobs [3] - The overall economic operation is stable, with steady progress in transformation and upgrading, although structural employment challenges remain in certain regions and industries [3]