Core Viewpoint - The overall economic performance in the first three quarters of 2023 shows a stable growth trend, with GDP growth of 5.2% year-on-year, indicating resilience and potential in the economy despite external challenges [1][2][5]. Economic Growth - GDP in the first three quarters grew by 5.2%, accelerating by 0.2 percentage points compared to the previous year and by 0.4 percentage points compared to the same period last year, with an economic increment of 39,679 billion yuan, which is 1,368 billion yuan more than last year [2]. - In the third quarter, GDP growth was 4.8%, with a quarter-on-quarter increase of 1.1%, showing a slight recovery from the second quarter [1][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 [2]. - 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 [2]. International Trade - The foreign trade sector demonstrated strong resilience, with the total import and export volume reaching a historical high for the same period, and a year-on-year growth of 6.0% in the third quarter [2][10]. - Foreign exchange reserves remained above 3.3 trillion USD, and the RMB exchange rate showed a stable upward trend [2]. Industrial Performance - The added value of the equipment manufacturing and high-tech manufacturing industries accounted for 35.9% and 16.7% of the total industrial added value, respectively [4]. - Key physical indicators such as industrial electricity generation and cargo turnover increased by 1.6% and 4.8%, respectively, in the first three quarters [2]. Policy Impact - The implementation of proactive macroeconomic policies has effectively stabilized the economy and supported long-term development, with consumer spending contributing 53.5% to economic growth, an increase of 9.0 percentage points from the previous year [6][9]. - Investment in equipment and tools rose by 14.0%, significantly contributing to overall investment growth [7]. Future Outlook - The economic growth in the first three quarters lays a solid foundation for achieving annual targets, with favorable conditions such as the cultivation of new productive forces and effective macroeconomic policies [10][11]. - Positive indicators, including a rising manufacturing purchasing managers' index and increased consumer activity during holidays, reflect the resilience and vitality of the economy [10].