Economic Overview - The national economy is operating smoothly with high-quality development being steadily advanced under the strong leadership of the central government [1] - In the first three quarters, China's GDP reached 10,150.36 billion yuan, growing by 5.2% year-on-year [2] - The GDP for the third quarter was 3,545 billion yuan, with a year-on-year growth of 4.8% [3] Production and Supply - All sectors showed stable growth, with agriculture, industry, and services contributing positively to economic growth [4] - Agricultural production increased by 4.0%, contributing 0.3 percentage points to economic growth [4] - Industrial production grew by 6.1%, contributing 1.8 percentage points to economic growth [4] - The service sector's value added increased by 5.4%, contributing 3.1 percentage points to GDP growth [23] Domestic Demand and Trade - Final consumption expenditure contributed 53.5% to economic growth, adding 2.8 percentage points to GDP [5] - Capital formation contributed 17.5% to economic growth, adding 0.9 percentage points to GDP [6] - Net exports contributed 29.0% to economic growth, adding 1.5 percentage points to GDP [6] Market Dynamics and New Growth Drivers - The digital economy showed significant support, with revenue from information transmission and software services growing by 12.1% [7] - The manufacturing sector is undergoing transformation, with high-tech manufacturing increasing by 9.6% [7] - Investment in high-tech services grew by 6.1%, indicating a shift towards new growth drivers [30] Agricultural Sector - The agricultural economy is showing a stable and positive trend, with autumn grain production expected to be stable [8] - Livestock production is also stable, with pork production increasing by 3.0% [10] Industrial Development - Industrial production increased by 6.2% in the first three quarters, with 37 out of 41 major industrial sectors showing growth [14] - The export value of industrial products grew by 3.3%, indicating resilience in the industrial sector [14] Energy Sector - Energy production is steadily increasing, with coal production at 3.57 billion tons, up 2.0% year-on-year [18] - The share of non-fossil energy consumption is steadily rising, with a 1.7 percentage point increase compared to the previous year [21] Service Sector Growth - The service sector's value added reached 592,955 million yuan, growing by 5.4% [23] - The modern service industry is thriving, with significant growth in information technology and business services [24] Investment Trends - Fixed asset investment reached 371,535 billion yuan, a slight decline of 0.5% year-on-year, primarily due to real estate investment [26] - Industrial investment grew by 6.4%, contributing positively to overall investment growth [27] Consumer Market Expansion - Retail sales of consumer goods reached 365,877 billion yuan, growing by 4.5% year-on-year [33] - Online retail sales increased by 9.8%, indicating a shift towards digital consumption [36] Employment Stability - The urban unemployment rate averaged 5.2%, with major cities showing slightly lower rates [38] - Employment in key sectors such as transportation and hospitality has increased, reflecting a stable job market [39] Resident Income and Consumption - Per capita disposable income reached 32,509 yuan, growing by 5.1% year-on-year [41] - Per capita consumption expenditure was 21,575 yuan, with significant growth in categories like household goods and services [43]
国民经济稳中有进显韧性——国家统计局相关部门负责人解读前三季度主要经济数据
Jing Ji Ri Bao·2025-10-21 00:52