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Published on 2017-10-19 10:00:19 Share it web version
                        Third quarter GDP increased by 6.8% year-on-year. Industrial added value of industrial enterprises above designated size increased by 6.6%.
Source: National Bureau of Statistics Editor: Eastern Fortune Network

Click to view GDP data (Source: Eastern Fortune Network)

China's GDP in the third quarter increased by 6.8% year-on-year. After the IMF announced that the global economy continued to improve, the fourth time in the year, China's GDP growth rate was raised.

  Economic data at a glance:

China's GDP in the third quarter increased by 6.8% year-on-year, with a forecast of 6.8% and a previous value of 6.9%. China's third-quarter GDP grew by 1.7% quarter-on-quarter, with an expected 1.7% and a previous value of 1.7%. China's GDP in the first three quarters increased by 6.9% year-on-year, with a forecast of 6.8% and 6.9% in the first half.

China's industrial added value above designated size increased by 6.6% year-on-year in September, with a forecast of 6.5% and a previous value of 6%. China's industrial added value of above-scale industries from January to September increased by 6.7% year-on-year, with an expected 6.7% and a previous value of 6.7%.

Click to view industrial value added data(Source: Eastern Fortune Network)

China's total retail sales of consumer goods in September increased by 10.3% year-on-year, with an expected 10.2% and a previous value of 10.1%. China's total retail sales of consumer goods from January to September increased by 10.4% year-on-year, with an expected 10.3% and a previous value of 10.4%.

Click to view the total retail sales of consumer goods(Source: Eastern Fortune Network)

China's urban fixed asset investment from January to September increased by 7.5% year-on-year, with an expected 7.7% and a previous value of 7.8%. From January to September, private fixed assets investment was 2,775.2 billion yuan, a nominal increase of 6% year-on-year, and the growth rate dropped by 0.4 percentage points from January to August. Private fixed assets investment accounted for 60.5% of the country's fixed asset investment (excluding farmers).

Click to view urban fixed asset investment data(Source: Eastern Fortune Network)

From January to September in China, the national real estate development investment was 806.44 billion yuan, a nominal increase of 8.1% year-on-year, and the growth rate was 0.2 percentage points higher than that of January-August. From January to September, the newly started housing area was 131.033 million square meters, an increase of 6.8%, and the growth rate dropped by 0.8 percentage points. From January to September, the sales area of ​​commercial housing was 116.06 million square meters, an increase of 10.3% year-on-year, and the growth rate dropped by 2.4 percentage points. From January to September, the sales of commercial housing was 9.1904 trillion yuan, an increase of 14.6%, and the growth rate dropped by 2.6 percentage points. At the end of September, the saleable area of ​​commercial housing was 611.4 million square meters, a decrease of 12.12 million square meters from the end of August.

Click to view real estate development data(Source: Eastern Fortune Network)

 [Statistical Bureau Interpretation]

  In the first three quarters, the national economy has stabilized and the situation has continued to develop.

Since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all localities and departments have thoroughly implemented the new development concept, adhered to the general tone of steady progress, and focused on structural reforms on the supply side to appropriately expand aggregate demand. Deepen reform and innovation, revitalize the real economy, prevent risks, and strengthen expected guidance. In the first three quarters, the national economy was generally stable, the structure was continuously optimized, the emerging kinetic energy accelerated, the quality and efficiency improved significantly, and the steady and steady development continued.

According to preliminary calculations, the GDP in the first three quarters was 593.28 billion yuan, calculated at comparable prices, up 6.9% year-on-year. The growth rate was flat with the first half of the year, 0.2 percentage points higher than the same period of the previous year. In terms of industries, the added value of the primary industry was 4122.9 billion yuan, up 3.7% year-on-year; the added value of the secondary industry was 238.109 billion yuan, up 6.3%; the added value of the tertiary industry was 313.91 billion yuan, up 7.8%. In the third quarter, GDP grew by 6.8% year-on-year, and the economy continued to operate in the interval of 6.7-6.9% for nine consecutive quarters, maintaining medium-to-high-speed growth.

  First, the grain production situation is better, and the animal husbandry industry is growing steadily  

The total output of summer grain in the country was 140.52 million tons, an increase of 1.31 million tons over the previous year, an increase of 0.9%; the total output of early rice was 31.74 million tons, a decrease of 1.04 million tons from the previous year, a decrease of 3.2%; autumn grain is expected to obtain a good harvest. In the first three quarters, the output of pig, beef, sheep and poultry was 58.77 million tons, a year-on-year increase of 0.8%, of which pork production was 37.17 million tons, an increase of 0.7%. There were 427.97 million pigs in stock, down 0.8% year-on-year; the number of live pigs was 48.224 million, an increase of 0.6%.

  Second, industrial production accelerates development, structural optimization benefits increase  

In the first three quarters, the added value of industrial enterprises above designated size increased by 6.7% year-on-year, and the growth rate was 0.7 percentage points higher than the same period of the previous year. In terms of economic types, the value-added of state-owned holding enterprises increased by 6.8%, collective enterprises increased by 0.3%, joint-stock enterprises increased by 6.8%, and foreign-invested enterprises of Hong Kong, Macao and Taiwan increased by 7.1%. In terms of three major categories, the added value of the mining industry fell by 1.6% year-on-year, the manufacturing industry grew by 7.3%, and the electricity, heat, gas and water production and supply industries grew by 8.4%. The industry moved toward the middle and high-end. In the first three quarters, the added value of high-tech manufacturing and equipment manufacturing increased by 13.4% and 11.6% respectively, which was faster than the above-scale industries by 6.7 and 4.9 percentage points respectively. In the first three quarters, the production and sales rate of industrial enterprises above designated size reached 97.8%. In September, the added value of industrial enterprises above designated size increased by 6.6% year-on-year, 0.6 percentage points higher than the previous month and 0.56% higher than the previous month. In September, the manufacturing purchasing managers index was 52.4. %, an increase of 0.7 percentage points from the previous month, reaching the highest point since May 2012.

From January to August, the total profits of industrial enterprises above designated size reached 49.94 billion yuan, a year-on-year increase of 21.6%; the profit rate of the main business income of industrial enterprises above designated size was 6.13%, an increase of 0.45 percentage points over the same period of the previous year. In August, the total profit of industrial enterprises above designated size increased by 24% year-on-year, 7.5 percentage points faster than the previous month.

  Third, the service industry maintained rapid development, and the business activity index continued to improve.  

In the first three quarters, the national service industry production index increased by 8.3% year-on-year, and the growth rate was 0.2 percentage points higher than the same period of the previous year. Among them, transportation, warehousing and postal services, information transmission, software and information technology services, leasing and business services have grown rapidly. In September, the national service industry production index increased by 8.3% year-on-year, and the growth rate was the same as that of the previous month, which was 0.2 percentage points higher than the same month of the previous year. From January to August, the operating income of service enterprises above designated size increased by 13.5% year-on-year, 3.4 percentage points higher than the same period of the previous year; the operating profit of service enterprises above designated size increased by 22.8% year-on-year and 22.4 percentage points year-on-year.

In September, the service industry business activity index was 54.4%, an increase of 1.8 percentage points from the previous month and an increase of 2.1 percentage points over the same month of the previous year. The business activity index of the wholesale industry, telecommunications, broadcasting and satellite transmission services, Internet and software information technology services, monetary and financial services, capital market services, insurance and other industries are all located in the high-level boom of more than 60.0%. The service industry new order index was 51.5%, and the business activity expectation index was 60.8%, which was 1.2 and 0.7 percentage points higher than the previous month.

  4. Fixed assets investment is stable and moderate, investment structure adjustment and optimization  

In the first three quarters, the national fixed asset investment (excluding farmers) was 458.48 billion yuan, a year-on-year increase of 7.5%, and the growth rate dropped by 0.7 percentage points over the same period of the previous year. Among them, the state-owned holding investment was 168.164 billion yuan, up 11.0%; the private investment was 277.52 billion yuan, up 6.0%, accounting for 60.5% of the total investment. In terms of industries, the investment in the primary industry was 1,497.3 billion yuan, up 11.8%; the investment in the second industry was 1,178.7 billion yuan, up 2.6%, of which the investment in manufacturing was 1,40,819 billion yuan, up 4.2%; the investment in the tertiary industry was 2,717.8 billion yuan, up 10.5. %. The infrastructure investment was 9.9652 trillion yuan, an increase of 19.8%, 0.4 percentage points higher than the same period of the previous year. Investment in high-end manufacturing and technological transformation of enterprises has grown rapidly, and investment growth in high-energy-consuming industries has slowed down. In the first three quarters, investment in high-tech manufacturing, equipment manufacturing and manufacturing technological transformation increased by 18.4%, 8.3% and 12.1% respectively, and investment in high-energy manufacturing decreased by 1.9%. The fixed assets investment in place was 457.07 billion yuan, a year-on-year increase of 3.3%, and the growth rate was 1.9 percentage points faster than the first half. The total investment of the newly started project is 376.347 billion yuan, a year-on-year increase of 2.4%. From a ring comparison, fixed asset investment (excluding farmers) increased by 0.56% in September from the previous month.

  5. Real estate development investment grew steadily, and the area of ​​commercial housing for sale continued to decrease.  

In the first three quarters, the national real estate development investment was 806.44 billion yuan, an increase of 8.1% year-on-year, and the growth rate was 2.3 percentage points higher than the same period of the previous year. Among them, residential investment increased by 10.4%. The newly started housing area was 131.033 million square meters, a year-on-year increase of 6.8%, of which the newly started residential area increased by 11.1%. The sales area of ​​commercial housing nationwide was 116.06 million square meters, an increase of 10.3%, of which residential sales area increased by 7.6%. The sales of commercial housing in the country was 9.1904 trillion yuan, an increase of 14.6%, of which residential sales increased by 11.4%. The land acquisition area of ​​real estate development enterprises was 167.33 million square meters, up 12.2% year-on-year. At the end of September, the national commercial housing sales area was 611.4 million square meters, down 12.12 million square meters from the end of last month. In the first three quarters, the real estate development enterprises received funds of 1,110.5 billion yuan, an increase of 8.0%.

  Sixth, market sales continue to grow rapidly, online retail growth is strong  

In the first three quarters, the total retail sales of consumer goods reached 263.78 billion yuan, a year-on-year increase of 10.4%, and the growth rate was the same as that of the same period of the previous year. Among them, the retail sales of consumer goods above designated size was 1,175.1 billion yuan, an increase of 8.5%. According to the location of the business unit, the retail sales of urban consumer goods reached 2,259.2 billion yuan, an increase of 10.1%; the retail sales of rural consumer goods reached 375.86 billion yuan, an increase of 12.1%. According to the type of consumption, the catering income was 284.27 billion yuan, up 11.0%; the retail sales of goods was 2,345.1 billion yuan, up 10.3%, of which the retail sales of units above designated size was 11,071.7 billion yuan, up 8.5%. Sales of upgraded goods increased rapidly, sports and entertainment products increased by 17.4%, cosmetics increased by 12.1%, and construction and decoration materials increased by 12.6%. In September, total retail sales of social consumer goods increased by 10.3% year-on-year, 0.2 times higher than last month. Percentage point, the chain increased by 0.90%.

In the first three quarters, the national online retail sales amounted to 4.8787 trillion yuan, a year-on-year increase of 34.2%, an increase of 8.1 percentage points over the same period of the previous year. Among them, the online retail sales of physical goods was 368.26 billion yuan, up 29.1%, accounting for 14.0% of the total retail sales of consumer goods, up 2.3 percentage points year-on-year; the online retail sales of non-physical goods was 1.961 billion yuan, up 52.8%.

  7. Rapid growth in import and export, and the structure of foreign trade continues to improve  

In the first three quarters, the total import and export volume was 2,029.3 billion yuan, a year-on-year increase of 16.6%. Among them, exports were 1,116.03 billion yuan, up 12.4%; imports were 912.99 billion yuan, up 22.3%. Import and export are offset, with a surplus of 2,013.1 billion yuan. The proportion of general trade import and export increased. In the first three quarters, the import and export of general trade increased by 18.1%, accounting for 56.6% of the total import and export volume, an increase of 0.7 percentage points over the same period of the previous year. Mechanical and electrical products remained the main exporter. In the first three quarters, exports of mechanical and electrical products increased by 13.0%, accounting for 57.5% of total exports. The import and export of countries along the “Belt and Road” countries grew rapidly. In the first three quarters, China’s imports and exports to Russia, Poland and Kazakhstan increased by 27.7%, 24.8% and 41.1% respectively. In September, the total import and export volume was 245.89 billion yuan. It increased by 13.6%. Among them, exports were 1,36 billion yuan, up 9.0%; imports were 113.30 billion yuan, up 19.5%.

In the first three quarters, the export delivery value of industrial enterprises above designated size reached 94.27 billion yuan, a year-on-year increase of 10.7%. In September, the export delivery value of industrial enterprises above designated size reached 1,190.6 billion yuan, an increase of 9.8%.

  8. Consumer prices rose moderately, and industrial prices fluctuated.  

In the first three quarters, the national consumer price rose by 1.5% year-on-year. Among them, the city rose 1.6%, and the rural rose 1.1%. In terms of categories, food and tobacco prices fell by 0.6% year-on-year, clothing rose by 1.3%, housing rose by 2.5%, household goods and services rose by 0.9%, transportation and communications rose by 1.1%, education, culture and entertainment rose by 2.5%, and health care rose by 5.7. %, other supplies and services rose 2.6%. In the price of food, tobacco and alcohol, the price of food increased by 1.5%, the price of pork decreased by 8.7%, and the price of fresh vegetables decreased by 8.8%. In September, the national consumer price rose by 1.6% year-on-year, which was 0.2 percentage points lower than that of the previous month and 0.5% higher than the previous month. %.

In the first three quarters, the ex-factory price of industrial producers nationwide rose by 6.5% year-on-year. In September, the ex-factory price of industrial producers nationwide rose by 6.9% year-on-year, an increase of 0.6 percentage points over the previous month and a 1.0% increase from the previous month. In the first three quarters, the purchase price of industrial producers nationwide rose by 8.4% year-on-year; in September, it rose by 8.5% year-on-year and 1.2% quarter-on-quarter.

  9. The income growth of residents has accelerated, and the income gap between urban and rural areas has continued to shrink.  

In the first three quarters, the per capita disposable income of the national residents was 19,342 yuan, a nominal increase of 9.1% year-on-year; the actual increase of 7.5% after deducting the price factor, the growth rate was 1.2 percentage points higher than the same period of the previous year. According to the usual place of residence, the per capita disposable income of urban residents was 27,430 yuan, a real increase of 6.6% after deducting the price factor; the per capita disposable income of rural residents was 9778 yuan, a real increase of 7.5% after deducting the price factor. The per capita income of urban and rural residents was 2.81, a decrease of 0.01 from the same period of the previous year. The median per capita disposable income of the national residents was 16,780 yuan, a nominal increase of 7.4% year-on-year. The per capita consumption expenditure of the national residents was 13,162 yuan, a nominal increase of 7.5% year-on-year, and a real increase of 5.9% after deducting the price factor. At the end of the third quarter, the total number of rural laborers who went out to work was 179.69 million, an increase of 3.2 million over the same period of the previous year, an increase of 1.8%. In the third quarter, the average monthly income of rural laborers who went out to work was 3,459 yuan, an increase of 7.0%.

  X. The supply-side structural reform has made new progress, and the transformation and upgrading have taken new steps.  

“Three to one, one drop and one supplement” is going well. The production capacity was accelerated, and the national industrial capacity utilization rate in the first three quarters was 76.6%, an increase of 3.5 percentage points over the same period of the previous year. The effect of destocking was outstanding. At the end of September, the area of ​​commercial housing for sale decreased by 12.2% year-on-year. The effect of de-leveraging and cost reduction continued to show. At the end of August, the asset-liability ratio of industrial enterprises above designated size was 55.7%, down 0.7 percentage points from the same period of the previous year. The cost per 100 yuan of main business income of industrial enterprises above designated size in January-August was 85.68 yuan, a decrease of 0.12 yuan over the same period of the previous year. Investment in the short-board sector grew rapidly. In the first three quarters, the ecological protection and environmental management industry, public facilities management industry and agricultural investment increased by 25.0%, 23.7% and 16.2% respectively, which were faster than the total investment of 17.5, 16.2 and 8.7 percentage points respectively.

The leading role of the service industry has increased. In the first three quarters, the added value of the tertiary industry accounted for 52.9% of the GDP and 12.8 percentage points higher than the secondary industry. Consumption has become the main driver of economic growth. The contribution rate of final consumption expenditure to GDP growth in the first three quarters was 64.5%, an increase of 2.8 percentage points over the same period of the previous year. New kinetic energy accelerated growth. In the first three quarters, the added value of industrial strategic emerging industries increased by 11.3% year-on-year, 4.6 percentage points faster than the above-scale industries. Green development progressed steadily, and the energy consumption per unit of GDP in the first three quarters decreased by 3.8% year-on-year.

In general, in the first three quarters, the national economy has been steadily moving forward, and the steady and steady development has continued. The favorable conditions for supporting the economy to maintain medium and high-speed growth and moving towards the mid-to-high end level have been accumulating, and the development is inclusive and sensible. Significantly enhanced, laid a solid foundation for better achieving the expected goals of economic development throughout the year. However, we must also see that the international environment is still complex and volatile, and the domestic economy is still in the period of structural adjustment. The continued improvement of the foundation needs further consolidation. In the next stage, we must take the spirit of the 19th Party Congress as the leader, thoroughly implement the decision-making arrangements of the Party Central Committee and the State Council, pay close attention to policy implementation, and comprehensively do a good job of stabilizing growth, promoting reform, restructuring, benefiting people, and preventing risks. Work to promote sustained and healthy economic development and social harmony and stability.

  Note

(1) The gross domestic product, the added value of industrial enterprises above designated size and the growth rate of its classified items are calculated at comparable prices, which is the actual growth rate; other indicators, unless otherwise specified, are calculated at current prices and are nominal growth rates.

(2) According to the seasonal adjustment model, the results of automatic correction will be revised for the growth rate of GDP, industrial added value above designated size, fixed assets investment (excluding farmers) and total retail sales of social consumer goods in the past year. The revised results and the three-quarter GDP ratio data for 2017, and other indicators for September 2017 are as follows:

Since 2016, the growth rate of GDP in each quarter has been 1.3%, 1.9%, 1.8%, 1.7%, 1.4%, 1.8% and 1.7% respectively.

Other indicator ring ratio data sheet


Growth rate of industrial added value above designated size (%)Fixed asset investment (excluding farmers) growth rate (%)The growth rate of total retail sales of social consumer goods (%)
September 20160.450.580.81
October0.490.600.72
November0.550.570.97
December0.500.580.87
January 20170.570.560.57
February0.590.611.19
March0.800.600.68
April0.480.590.77
May0.510.580.83
June0.810.610.89
July0.410.570.75
August0.450.540.73
September0.560.560.90

(3) Industrial statistics above designated size are industrial enterprises with annual main business income of 20 million yuan and above.

(4) In order to reflect the monthly operation of the economic activities of the service industry in a timely manner, the National Bureau of Statistics compiled the service industry production index, which was released monthly from March 2017. The service industry production index refers to the output change of the service industry reporting period relative to the base period after the price factor is removed.

(5) The total retail sales of social consumer goods refers to the wholesale enterprises (units) with annual income of 20 million yuan or more, retail enterprises (units) of 5 million yuan or more, and 2 million yuan and above. Accommodation and catering business (unit).

Online retail sales refer to the sum of retail sales of goods and services through public online trading platforms, including self-built websites and third-party platforms. Goods and services include physical goods and non-physical goods (such as virtual goods, service goods, etc.).

(6) The median per capita disposable income of the national residents refers to the per capita disposable income of all the survey households ranked in the lowest order according to the per capita disposable income level.

(7) Rural labor force for migrant workers refers to the rural labor force who is employed outside the township area where the household registration is located.

(8) Import and export data comes from the General Administration of Customs.

(9) Due to the rounding of some data, there is a case where the total and the total of the sub-items are different.

Published on 2017-10-19 10:00:20
                            Saved
Published on 2017-10-19 10:00:33
                            is that useful
Published on 2017-10-19 10:00:34
                            Fall every day
Published on 2017-10-19 10:00:38
                            Ha ha
Published on 2017-10-19 10:00:41
                            Don't want to say anything more. The stock market does not delist 10% per year.
Published on 2017-10-19 10:00:42
                            The economy is getting better, the stock market is falling.
Published on 2017-10-19 10:00:43
                            I just want to try and see if I can talk.
Published on 2017-10-19 10:00:51
                            Only rise or fall? The stock market will only fall or not?
Published on 2017-10-19 10:00:55
                            What is the A-share situation?
Published on 2017-10-19 10:01:00
                            Why is the stock market going this way?
Published on 2017-10-19 10:01:10
                            Exclusion
Published on 2017-10-19 10:01:11
                            Cattle
Published on 2017-10-19 10:01:14
                            Oh, it’s so beautiful, it’s cut
Published on 2017-10-19 10:01:20
                            Ok, okay, okay! China is unique! Perseverance Oriental Pearl! Is the stock pulled up? ? ?
Published on 2017-10-19 10:01:22
                            it is good! China!
Published on 2017-10-19 10:01:28
                            It is difficult to have a good market if 10% of listed companies do not delist every year. A shares are sick and need to be cured.
Published on 2017-10-19 10:01:32
                            Ok, good, good,
Published on 2017-10-19 10:01:35
                            Hahahaha...
Published on 2017-10-19 10:01:49
                            Don't honestly believe that A shares are ours.
Published on 2017-10-19 10:02:51
                            Real estate contribution
Published on 2017-10-19 10:02:59
                            CITIC Bank 601998 is a quality banking stock that has not risen this year. The net assets per share is about 8 yuan, and the earnings per share is about 0.9 yuan. The stock price is only more than 6 yuan, which is seriously lower than the net assets. Major shareholders and institutions hold as much as 98% of the shares, and the actual market capitalization is less than that of all city commercial banks. Value investment can be boldly bought, and there is no risk in the medium and long-term.
Published on 2017-10-19 10:03:13
                            Congratulations! ! ! China is the strongest!
Published on 2017-10-19 10:03:34
                            Niu Niu Niu Niu Niu Niu Niu will serve you the most cattle
Published on 2017-10-19 10:04:09
                            I only know that my stock has fallen very badly.
Published on 2017-10-19 10:04:31
                            When is the stock market rising!
Published on 2017-10-19 10:05:45
                            It is said that the stock market is a barometer of the economy! But the stock market does not always react!
Published on 2017-10-19 10:06:00
                            At this critical moment, everyone was very cautious and had to come out and wait and see.
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Source: National Bureau of Statistics Editor: Eastern Fortune Network

Click to view GDP data (Source: Eastern Fortune Network)

China's GDP in the third quarter increased by 6.8% year-on-year. After the IMF announced that the global economy continued to improve, the fourth time in the year, China's GDP growth rate was raised.

  Economic data at a glance:

China's GDP in the third quarter increased by 6.8% year-on-year, with a forecast of 6.8% and a previous value of 6.9%. China's third-quarter GDP grew by 1.7% quarter-on-quarter, with an expected 1.7% and a previous value of 1.7%. China's GDP in the first three quarters increased by 6.9% year-on-year, with a forecast of 6.8% and 6.9% in the first half.

China's industrial added value above designated size increased by 6.6% year-on-year in September, with a forecast of 6.5% and a previous value of 6%. China's industrial added value of above-scale industries from January to September increased by 6.7% year-on-year, with an expected 6.7% and a previous value of 6.7%.

Click to view industrial value added data(Source: Eastern Fortune Network)

China's total retail sales of consumer goods in September increased by 10.3% year-on-year, with an expected 10.2% and a previous value of 10.1%. China's total retail sales of consumer goods from January to September increased by 10.4% year-on-year, with an expected 10.3% and a previous value of 10.4%.

Click to view the total retail sales of consumer goods(Source: Eastern Fortune Network)

China's urban fixed asset investment from January to September increased by 7.5% year-on-year, with an expected 7.7% and a previous value of 7.8%. From January to September, private fixed assets investment was 2,775.2 billion yuan, a nominal increase of 6% year-on-year, and the growth rate dropped by 0.4 percentage points from January to August. Private fixed assets investment accounted for 60.5% of the country's fixed asset investment (excluding farmers).

Click to view urban fixed asset investment data(Source: Eastern Fortune Network)

From January to September in China, the national real estate development investment was 806.44 billion yuan, a nominal increase of 8.1% year-on-year, and the growth rate was 0.2 percentage points higher than that of January-August. From January to September, the newly started housing area was 131.033 million square meters, an increase of 6.8%, and the growth rate dropped by 0.8 percentage points. From January to September, the sales area of ​​commercial housing was 116.06 million square meters, an increase of 10.3% year-on-year, and the growth rate dropped by 2.4 percentage points. From January to September, the sales of commercial housing was 9.1904 trillion yuan, an increase of 14.6%, and the growth rate dropped by 2.6 percentage points. At the end of September, the saleable area of ​​commercial housing was 611.4 million square meters, a decrease of 12.12 million square meters from the end of August.

Click to view real estate development data(Source: Eastern Fortune Network)

 [Statistical Bureau Interpretation]

  In the first three quarters, the national economy has stabilized and the situation has continued to develop.

Since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all localities and departments have thoroughly implemented the new development concept, adhered to the general tone of steady progress, and focused on structural reforms on the supply side to appropriately expand aggregate demand. Deepen reform and innovation, revitalize the real economy, prevent risks, and strengthen expected guidance. In the first three quarters, the national economy was generally stable, the structure was continuously optimized, the emerging kinetic energy accelerated, the quality and efficiency improved significantly, and the steady and steady development continued.

According to preliminary calculations, the GDP in the first three quarters was 593.28 billion yuan, calculated at comparable prices, up 6.9% year-on-year. The growth rate was flat with the first half of the year, 0.2 percentage points higher than the same period of the previous year. In terms of industries, the added value of the primary industry was 4122.9 billion yuan, up 3.7% year-on-year; the added value of the secondary industry was 238.109 billion yuan, up 6.3%; the added value of the tertiary industry was 313.91 billion yuan, up 7.8%. In the third quarter, GDP grew by 6.8% year-on-year, and the economy continued to operate in the interval of 6.7-6.9% for nine consecutive quarters, maintaining medium-to-high-speed growth.

  First, the grain production situation is better, and the animal husbandry industry is growing steadily  

The total output of summer grain in the country was 140.52 million tons, an increase of 1.31 million tons over the previous year, an increase of 0.9%; the total output of early rice was 31.74 million tons, a decrease of 1.04 million tons from the previous year, a decrease of 3.2%; autumn grain is expected to obtain a good harvest. In the first three quarters, the output of pig, beef, sheep and poultry was 58.77 million tons, a year-on-year increase of 0.8%, of which pork production was 37.17 million tons, an increase of 0.7%. There were 427.97 million pigs in stock, down 0.8% year-on-year; the number of live pigs was 48.224 million, an increase of 0.6%.

  Second, industrial production accelerates development, structural optimization benefits increase  

In the first three quarters, the added value of industrial enterprises above designated size increased by 6.7% year-on-year, and the growth rate was 0.7 percentage points higher than the same period of the previous year. In terms of economic types, the value-added of state-owned holding enterprises increased by 6.8%, collective enterprises increased by 0.3%, joint-stock enterprises increased by 6.8%, and foreign-invested enterprises of Hong Kong, Macao and Taiwan increased by 7.1%. In terms of three major categories, the added value of the mining industry fell by 1.6% year-on-year, the manufacturing industry grew by 7.3%, and the electricity, heat, gas and water production and supply industries grew by 8.4%. The industry moved toward the middle and high-end. In the first three quarters, the added value of high-tech manufacturing and equipment manufacturing increased by 13.4% and 11.6% respectively, which was faster than the above-scale industries by 6.7 and 4.9 percentage points respectively. In the first three quarters, the production and sales rate of industrial enterprises above designated size reached 97.8%. In September, the added value of industrial enterprises above designated size increased by 6.6% year-on-year, 0.6 percentage points higher than the previous month and 0.56% higher than the previous month. In September, the manufacturing purchasing managers index was 52.4. %, an increase of 0.7 percentage points from the previous month, reaching the highest point since May 2012.

From January to August, the total profits of industrial enterprises above designated size reached 49.94 billion yuan, a year-on-year increase of 21.6%; the profit rate of the main business income of industrial enterprises above designated size was 6.13%, an increase of 0.45 percentage points over the same period of the previous year. In August, the total profit of industrial enterprises above designated size increased by 24% year-on-year, 7.5 percentage points faster than the previous month.

  Third, the service industry maintained rapid development, and the business activity index continued to improve.  

In the first three quarters, the national service industry production index increased by 8.3% year-on-year, and the growth rate was 0.2 percentage points higher than the same period of the previous year. Among them, transportation, warehousing and postal services, information transmission, software and information technology services, leasing and business services have grown rapidly. In September, the national service industry production index increased by 8.3% year-on-year, and the growth rate was the same as that of the previous month, which was 0.2 percentage points higher than the same month of the previous year. From January to August, the operating income of service enterprises above designated size increased by 13.5% year-on-year, 3.4 percentage points higher than the same period of the previous year; the operating profit of service enterprises above designated size increased by 22.8% year-on-year and 22.4 percentage points year-on-year.

In September, the service industry business activity index was 54.4%, an increase of 1.8 percentage points from the previous month and an increase of 2.1 percentage points over the same month of the previous year. The business activity index of the wholesale industry, telecommunications, broadcasting and satellite transmission services, Internet and software information technology services, monetary and financial services, capital market services, insurance and other industries are all located in the high-level boom of more than 60.0%. The service industry new order index was 51.5%, and the business activity expectation index was 60.8%, which was 1.2 and 0.7 percentage points higher than the previous month.

  4. Fixed assets investment is stable and moderate, investment structure adjustment and optimization  

In the first three quarters, the national fixed asset investment (excluding farmers) was 458.48 billion yuan, a year-on-year increase of 7.5%, and the growth rate dropped by 0.7 percentage points over the same period of the previous year. Among them, the state-owned holding investment was 168.164 billion yuan, up 11.0%; the private investment was 277.52 billion yuan, up 6.0%, accounting for 60.5% of the total investment. In terms of industries, the investment in the primary industry was 1,497.3 billion yuan, up 11.8%; the investment in the second industry was 1,178.7 billion yuan, up 2.6%, of which the investment in manufacturing was 1,40,819 billion yuan, up 4.2%; the investment in the tertiary industry was 2,717.8 billion yuan, up 10.5. %. The infrastructure investment was 9.9652 trillion yuan, an increase of 19.8%, 0.4 percentage points higher than the same period of the previous year. Investment in high-end manufacturing and technological transformation of enterprises has grown rapidly, and investment growth in high-energy-consuming industries has slowed down. In the first three quarters, investment in high-tech manufacturing, equipment manufacturing and manufacturing technological transformation increased by 18.4%, 8.3% and 12.1% respectively, and investment in high-energy manufacturing decreased by 1.9%. The fixed assets investment in place was 457.07 billion yuan, a year-on-year increase of 3.3%, and the growth rate was 1.9 percentage points faster than the first half. The total investment of the newly started project is 376.347 billion yuan, a year-on-year increase of 2.4%. From a ring comparison, fixed asset investment (excluding farmers) increased by 0.56% in September from the previous month.

  5. Real estate development investment grew steadily, and the area of ​​commercial housing for sale continued to decrease.  

In the first three quarters, the national real estate development investment was 806.44 billion yuan, an increase of 8.1% year-on-year, and the growth rate was 2.3 percentage points higher than the same period of the previous year. Among them, residential investment increased by 10.4%. The newly started housing area was 131.033 million square meters, a year-on-year increase of 6.8%, of which the newly started residential area increased by 11.1%. The sales area of ​​commercial housing nationwide was 116.06 million square meters, an increase of 10.3%, of which residential sales area increased by 7.6%. The sales of commercial housing in the country was 9.1904 trillion yuan, an increase of 14.6%, of which residential sales increased by 11.4%. The land acquisition area of ​​real estate development enterprises was 167.33 million square meters, up 12.2% year-on-year. At the end of September, the national commercial housing sales area was 611.4 million square meters, down 12.12 million square meters from the end of last month. In the first three quarters, the real estate development enterprises received funds of 1,110.5 billion yuan, an increase of 8.0%.

  Sixth, market sales continue to grow rapidly, online retail growth is strong  

In the first three quarters, the total retail sales of consumer goods reached 263.78 billion yuan, a year-on-year increase of 10.4%, and the growth rate was the same as that of the same period of the previous year. Among them, the retail sales of consumer goods above designated size was 1,175.1 billion yuan, an increase of 8.5%. According to the location of the business unit, the retail sales of urban consumer goods reached 2,259.2 billion yuan, an increase of 10.1%; the retail sales of rural consumer goods reached 375.86 billion yuan, an increase of 12.1%. According to the type of consumption, the catering income was 284.27 billion yuan, up 11.0%; the retail sales of goods was 2,345.1 billion yuan, up 10.3%, of which the retail sales of units above designated size was 11,071.7 billion yuan, up 8.5%. Sales of upgraded goods increased rapidly, sports and entertainment products increased by 17.4%, cosmetics increased by 12.1%, and construction and decoration materials increased by 12.6%. In September, total retail sales of social consumer goods increased by 10.3% year-on-year, 0.2 times higher than last month. Percentage point, the chain increased by 0.90%.

In the first three quarters, the national online retail sales amounted to 4.8787 trillion yuan, a year-on-year increase of 34.2%, an increase of 8.1 percentage points over the same period of the previous year. Among them, the online retail sales of physical goods was 368.26 billion yuan, up 29.1%, accounting for 14.0% of the total retail sales of consumer goods, up 2.3 percentage points year-on-year; the online retail sales of non-physical goods was 1.961 billion yuan, up 52.8%.

  7. Rapid growth in import and export, and the structure of foreign trade continues to improve  

In the first three quarters, the total import and export volume was 2,029.3 billion yuan, a year-on-year increase of 16.6%. Among them, exports were 1,116.03 billion yuan, up 12.4%; imports were 912.99 billion yuan, up 22.3%. Import and export are offset, with a surplus of 2,013.1 billion yuan. The proportion of general trade import and export increased. In the first three quarters, the import and export of general trade increased by 18.1%, accounting for 56.6% of the total import and export volume, an increase of 0.7 percentage points over the same period of the previous year. Mechanical and electrical products remained the main exporter. In the first three quarters, exports of mechanical and electrical products increased by 13.0%, accounting for 57.5% of total exports. The import and export of countries along the “Belt and Road” countries grew rapidly. In the first three quarters, China’s imports and exports to Russia, Poland and Kazakhstan increased by 27.7%, 24.8% and 41.1% respectively. In September, the total import and export volume was 245.89 billion yuan. It increased by 13.6%. Among them, exports were 1,36 billion yuan, up 9.0%; imports were 113.30 billion yuan, up 19.5%.

In the first three quarters, the export delivery value of industrial enterprises above designated size reached 94.27 billion yuan, a year-on-year increase of 10.7%. In September, the export delivery value of industrial enterprises above designated size reached 1,190.6 billion yuan, an increase of 9.8%.

  8. Consumer prices rose moderately, and industrial prices fluctuated.  

In the first three quarters, the national consumer price rose by 1.5% year-on-year. Among them, the city rose 1.6%, and the rural rose 1.1%. In terms of categories, food and tobacco prices fell by 0.6% year-on-year, clothing rose by 1.3%, housing rose by 2.5%, household goods and services rose by 0.9%, transportation and communications rose by 1.1%, education, culture and entertainment rose by 2.5%, and health care rose by 5.7. %, other supplies and services rose 2.6%. In the price of food, tobacco and alcohol, the price of food increased by 1.5%, the price of pork decreased by 8.7%, and the price of fresh vegetables decreased by 8.8%. In September, the national consumer price rose by 1.6% year-on-year, which was 0.2 percentage points lower than that of the previous month and 0.5% higher than the previous month. %.

In the first three quarters, the ex-factory price of industrial producers nationwide rose by 6.5% year-on-year. In September, the ex-factory price of industrial producers nationwide rose by 6.9% year-on-year, an increase of 0.6 percentage points over the previous month and a 1.0% increase from the previous month. In the first three quarters, the purchase price of industrial producers nationwide rose by 8.4% year-on-year; in September, it rose by 8.5% year-on-year and 1.2% quarter-on-quarter.

  9. The income growth of residents has accelerated, and the income gap between urban and rural areas has continued to shrink.  

In the first three quarters, the per capita disposable income of the national residents was 19,342 yuan, a nominal increase of 9.1% year-on-year; the actual increase of 7.5% after deducting the price factor, the growth rate was 1.2 percentage points higher than the same period of the previous year. According to the usual place of residence, the per capita disposable income of urban residents was 27,430 yuan, a real increase of 6.6% after deducting the price factor; the per capita disposable income of rural residents was 9778 yuan, a real increase of 7.5% after deducting the price factor. The per capita income of urban and rural residents was 2.81, a decrease of 0.01 from the same period of the previous year. The median per capita disposable income of the national residents was 16,780 yuan, a nominal increase of 7.4% year-on-year. The per capita consumption expenditure of the national residents was 13,162 yuan, a nominal increase of 7.5% year-on-year, and a real increase of 5.9% after deducting the price factor. At the end of the third quarter, the total number of rural laborers who went out to work was 179.69 million, an increase of 3.2 million over the same period of the previous year, an increase of 1.8%. In the third quarter, the average monthly income of rural laborers who went out to work was 3,459 yuan, an increase of 7.0%.

  X. The supply-side structural reform has made new progress, and the transformation and upgrading have taken new steps.  

“Three to one, one drop and one supplement” is going well. The production capacity was accelerated, and the national industrial capacity utilization rate in the first three quarters was 76.6%, an increase of 3.5 percentage points over the same period of the previous year. The effect of destocking was outstanding. At the end of September, the area of ​​commercial housing for sale decreased by 12.2% year-on-year. The effect of de-leveraging and cost reduction continued to show. At the end of August, the asset-liability ratio of industrial enterprises above designated size was 55.7%, down 0.7 percentage points from the same period of the previous year. The cost per 100 yuan of main business income of industrial enterprises above designated size in January-August was 85.68 yuan, a decrease of 0.12 yuan over the same period of the previous year. Investment in the short-board sector grew rapidly. In the first three quarters, the ecological protection and environmental management industry, public facilities management industry and agricultural investment increased by 25.0%, 23.7% and 16.2% respectively, which were faster than the total investment of 17.5, 16.2 and 8.7 percentage points respectively.

The leading role of the service industry has increased. In the first three quarters, the added value of the tertiary industry accounted for 52.9% of the GDP and 12.8 percentage points higher than the secondary industry. Consumption has become the main driver of economic growth. The contribution rate of final consumption expenditure to GDP growth in the first three quarters was 64.5%, an increase of 2.8 percentage points over the same period of the previous year. New kinetic energy accelerated growth. In the first three quarters, the added value of industrial strategic emerging industries increased by 11.3% year-on-year, 4.6 percentage points faster than the above-scale industries. Green development progressed steadily, and the energy consumption per unit of GDP in the first three quarters decreased by 3.8% year-on-year.

In general, in the first three quarters, the national economy has been steadily moving forward, and the steady and steady development has continued. The favorable conditions for supporting the economy to maintain medium and high-speed growth and moving towards the mid-to-high end level have been accumulating, and the development is inclusive and sensible. Significantly enhanced, laid a solid foundation for better achieving the expected goals of economic development throughout the year. However, we must also see that the international environment is still complex and volatile, and the domestic economy is still in the period of structural adjustment. The continued improvement of the foundation needs further consolidation. In the next stage, we must take the spirit of the 19th Party Congress as the leader, thoroughly implement the decision-making arrangements of the Party Central Committee and the State Council, pay close attention to policy implementation, and comprehensively do a good job of stabilizing growth, promoting reform, restructuring, benefiting people, and preventing risks. Work to promote sustained and healthy economic development and social harmony and stability.

  Note

(1) The gross domestic product, the added value of industrial enterprises above designated size and the growth rate of its classified items are calculated at comparable prices, which is the actual growth rate; other indicators, unless otherwise specified, are calculated at current prices and are nominal growth rates.

(2) According to the seasonal adjustment model, the results of automatic correction will be revised for the growth rate of GDP, industrial added value above designated size, fixed assets investment (excluding farmers) and total retail sales of social consumer goods in the past year. The revised results and the three-quarter GDP ratio data for 2017, and other indicators for September 2017 are as follows:

Since 2016, the growth rate of GDP in each quarter has been 1.3%, 1.9%, 1.8%, 1.7%, 1.4%, 1.8% and 1.7% respectively.

Other indicator ring ratio data sheet


Growth rate of industrial added value above designated size (%)Fixed asset investment (excluding farmers) growth rate (%)The growth rate of total retail sales of social consumer goods (%)
September 20160.450.580.81
October0.490.600.72
November0.550.570.97
December0.500.580.87
January 20170.570.560.57
February0.590.611.19
March0.800.600.68
April0.480.590.77
May0.510.580.83
June0.810.610.89
July0.410.570.75
August0.450.540.73
September0.560.560.90

(3) Industrial statistics above designated size are industrial enterprises with annual main business income of 20 million yuan and above.

(4) In order to reflect the monthly operation of the economic activities of the service industry in a timely manner, the National Bureau of Statistics compiled the service industry production index, which was released monthly from March 2017. The service industry production index refers to the output change of the service industry reporting period relative to the base period after the price factor is removed.

(5) The total retail sales of social consumer goods refers to the wholesale enterprises (units) with annual income of 20 million yuan or more, retail enterprises (units) of 5 million yuan or more, and 2 million yuan and above. Accommodation and catering business (unit).

Online retail sales refer to the sum of retail sales of goods and services through public online trading platforms, including self-built websites and third-party platforms. Goods and services include physical goods and non-physical goods (such as virtual goods, service goods, etc.).

(6) The median per capita disposable income of the national residents refers to the per capita disposable income of all the survey households ranked in the lowest order according to the per capita disposable income level.

(7) Rural labor force for migrant workers refers to the rural labor force who is employed outside the township area where the household registration is located.

(8) Import and export data comes from the General Administration of Customs.

(9) Due to the rounding of some data, there is a case where the total and the total of the sub-items are different.