中国经济“三季报”，释放重要信号！｜宏观经济

Core Viewpoint - The article highlights the resilience and steady progress of the Chinese economy, as evidenced by the GDP growth of 5.2% in the first three quarters of the year, despite facing various external and internal challenges [3][4][5]. Economic Performance - The GDP for the first three quarters reached 10,150.36 billion yuan, with a year-on-year growth of 5.2%, which is an acceleration of 0.2 and 0.4 percentage points compared to the previous year and the same period last year, respectively [5]. - The economic increment amounted to 3,967.9 billion yuan, which is 136.8 billion yuan more than the previous year [5]. - The third quarter saw a GDP growth of 4.8%, a decrease of 0.4 percentage points from the second quarter, attributed to complex external environments and domestic structural adjustment pressures [9]. Employment and Prices - The average urban unemployment rate for the first three quarters was 5.2%, consistent with the first half of the year [7]. - The Consumer Price Index (CPI) slightly decreased by 0.1%, while the core CPI, excluding food and energy, rose by 0.6%, with a notable increase of 1.0% in September [7]. International Trade and Currency - The scale of goods import and export reached a historical high for the same period, with a gradual increase in growth rate [8]. - As of the end of September, foreign exchange reserves remained above 3.3 trillion USD, and the RMB exchange rate showed a stable upward trend [8]. Policy and Development - A series of macro policies have been implemented to stimulate high-quality development and expand domestic demand, with a focus on innovative production capabilities [10][11]. - The contribution of final consumption expenditure to economic growth reached 53.5%, an increase of 9.0 percentage points compared to the previous year [11]. - Investment in equipment and tools increased by 14.0% year-on-year, contributing to overall investment growth [11]. Innovation and Technology - Significant advancements in technology and innovation have been made, with high-tech manufacturing value added growing by 9.6% year-on-year [12]. - The digital product manufacturing sector also saw a 9.7% increase in value added [13]. Market Dynamics - The construction of a unified national market has improved market competition, leading to increased circulation of goods, personnel, and capital [14]. - The stock market saw a 106.8% increase in trading volume year-on-year, reflecting active capital market policies [14]. Future Outlook - The article emphasizes that despite challenges, the internal logic supporting stable economic development remains unchanged, and achieving the annual growth target of around 5% is still feasible [15][16]. - Recent macroeconomic adjustments and policies are expected to support stable economic operations and foster new growth drivers [16][17].