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中国经济“三季报”释放哪些积极信号?四季度政策如何精准发力?一文解读→
Yang Shi Wang·2025-10-21 07:04

Economic Growth Overview - China's GDP growth for the first three quarters of 2023 is 5.2% year-on-year, with quarterly growth rates of 5.4% in Q1, 5.2% in Q2, and a slowdown to 4.8% in Q3 [1][4] - The economic performance aligns with expectations, influenced by external environmental challenges and the timing of policy implementations [4] Foreign Trade Performance - Despite concerns over foreign trade pressures due to the trade war starting in April, actual data shows a continuation of quarterly growth, with a notable 8.0% increase in September [4][5] - The total import and export volume for goods increased by 1.3% year-on-year, with Q1 growth at 4.5% and Q2 at 6% [5] Export Competitiveness - China's export competitiveness has shown remarkable resilience, particularly in non-U.S. markets, driven by innovation and large-scale production capabilities [7] - The country has effectively countered rising global trade protectionism by promoting trade liberalization, leading to significant expansion in new trade markets [7] Policy Directions for Q4 - The focus for Q4 policy will include maximizing the effectiveness of existing policy tools, targeting key areas of economic weakness, and enhancing market liquidity through monetary policy [7]