前三季度GDP同比增长5.2% 为实现全年5%增长目标打下较好基础

Economic Overview - The GDP for the first three quarters of 2025 reached 10,150.36 billion yuan, showing a year-on-year growth of 5.2% at constant prices, indicating stable economic performance with positive outcomes in high-quality development [1] - The average urban survey unemployment rate stood at 5.2%, unchanged from the first half of the year, while the core Consumer Price Index (CPI) excluding food and energy rose by 0.6% [1] Quarterly GDP Performance - The GDP growth rates for the first three quarters were 5.4% in Q1, 5.2% in Q2, and 4.8% in Q3, with a decline of 0.4 percentage points in Q3 due to reduced investment and consumption [2] - Despite the slowdown, the Q3 GDP growth of 4.8% remains significantly higher than that of most major economies, with the total economic output reaching 35.5 trillion yuan [2] Industrial and Manufacturing Growth - The industrial added value for large-scale enterprises increased by 6.2% year-on-year, with manufacturing growth at 6.8%, particularly in the equipment manufacturing sector, which saw a 9.7% increase [3] - High-tech manufacturing added value grew by 9.6%, outpacing overall industrial growth, with significant increases in integrated circuit manufacturing and industrial robots [3] Export Performance - Total goods imports and exports rose by 4.0% year-on-year, with exports increasing by 7.1%, supported by improved competitiveness and diversification of export destinations [4] Service Sector Contribution - The service sector's added value reached 59.29 trillion yuan, growing by 5.4% year-on-year, contributing 60.7% to national economic growth [5] - The rapid development of modern service industries, including information technology and business services, has been a key driver of this growth [5] Macro Policy Impact - Macro policies have played a crucial role in supporting the economy, with "two new" policies significantly boosting domestic demand [6] - The government has allocated 500 billion yuan to support local finances and major project construction, emphasizing the importance of policy continuity in the fourth quarter [6][7]