权威解读｜从前三季度成绩单看中国经济发力点

Group 1 - The core viewpoint of the article highlights that China's GDP for the first three quarters reached 10,150.36 billion yuan, with a year-on-year growth of 5.2% at constant prices, indicating stable economic performance and positive outcomes in high-quality development [1][2] - In terms of quarterly performance, the GDP growth rates were 5.4% in Q1, 5.2% in Q2, and 4.8% in Q3, showing a slight decline in Q3 but still outperforming most major economies globally [2] - The agricultural sector saw a 3.6% increase in value added, industrial production grew by 6.2%, and the service sector increased by 5.4% in the first three quarters, reflecting a robust economic structure [4] Group 2 - Retail sales of consumer goods totaled 3,658.77 billion yuan, with a year-on-year growth of 4.5%, while manufacturing investment grew by 4.0% and total goods import and export reached 3,360.78 billion yuan, also up by 4.0% [4] - The contribution rate of final consumption expenditure to economic growth was 53.5%, indicating a significant impact of consumer spending on the economy [4] - Analysts suggest that infrastructure investment and manufacturing investment will remain resilient in Q4, supported by new policy financial tools and fiscal measures aimed at stabilizing employment and market expectations [5]