Core Viewpoint - The Chinese economy demonstrated stability and resilience in the first three quarters of the year, with a GDP growth of 5.2% year-on-year, supported by various policy measures and a strong performance in key sectors [1][3]. Economic Performance - GDP growth reached 5.2% year-on-year, maintaining a leading position among major global economies [1]. - Retail sales of consumer goods increased by 4.5%, accelerating by 1.2 percentage points compared to the same period last year [1]. - The industrial added value for large-scale enterprises grew by 6.2%, marking the highest growth since 2022 [1]. Innovation and Industry Growth - China's innovation index entered the global top ten, bolstering the development of emerging industries [1]. - The added value of equipment manufacturing and high-tech manufacturing increased by 9.7% and 9.6%, respectively, with their shares in large-scale industry rising by 2.1 and 0.8 percentage points year-on-year [1]. - The integrated circuit manufacturing and smart device manufacturing sectors saw significant growth, with added values increasing by 22.4% and 12.2% [1]. Quality and Efficiency Improvement - The governance of disorderly competition has led to improvements in key product prices and corporate profits [2]. - The profits of large-scale industrial enterprises grew by 3.2% year-on-year, with a notable increase of 21.6% in September alone [2]. Export Resilience - Despite external challenges, goods exports maintained a growth rate of 7.1% [2]. - The export structure has become more optimized, with high-tech and high-value-added products experiencing growth rates of 11.9% and 9.6%, respectively [2]. - Exports to countries involved in the Belt and Road Initiative increased by 12.4%, and exports to ASEAN countries have seen an upward trend for eight consecutive months [2]. Potential for Growth - Consumer demand and structural upgrades in key industries are showing new highlights, with service retail sales growing by 5.2% [2]. - The number of inbound tourists surged by 17.8% in the first three quarters, aided by various visa-free policies [2]. - The production of high-end, green, and intelligent products is on the rise, with significant increases in the output of civilian drones (43.2%), industrial robots (29.8%), new energy vehicles (29.7%), and lithium-ion batteries for vehicles (46.9%) [2].
国家发展改革委:前三季度我国经济运行稳、动能足、质效升、韧性足、潜能大
Xin Hua Cai Jing·2025-10-31 05:37