As a result, the national economy sustained its recovery and development with all major macro economic indicators falling in the reasonable range. The overall social situation was harmonious and stable with generally stable employment, increased residents’ income, balanced international payments, adjusted and optimized economic structure and steadily improved quality and efficiency.Īccording to the preliminary estimates, the gross domestic product (GDP) in the first three quarters reached 82,313.1 billion yuan, a year-on-year increase of 9.8 percent at comparable prices, with an average two-year growth of 5.2 percent, 0.1 percentage point lower than the average two-year growth of the first half year. By quarter, the GDP for the first quarter increased by 18.3 percent year on year, with an average two-year growth of 5.0 percent for the second quarter 7.9 percent year on year, with an average two-year growth of 5.5 percent and for the third quarter 4.9 percent year on year, with an average two-year growth of 4.9 percent.
By industry, for the first three quarters, the value added of the primary industry was 5,143.0 billion yuan, up by 7.4 percent year on year, or an average two-year growth of 4.8 percent that of the secondary industry was 32,094.0 billion yuan, up by 10.6 percent year on year, or an average two-year growth of 5.7 percent and that of the tertiary industry was 45,076.1 billion yuan, up by 9.5 percent year on year, or an average two-year growth of 4.9 percent. The quarter-on-quarter GDP for the third quarter increased by 0.2 percent.ġ.
Agricultural Production Showed Good Momentum and Production of Animal Husbandry Grew Fast. In the first three quarters, the value added of agriculture (crop farming) went up by 3.4 percent year on year, with an average two-year growth of 3.6 percent. The total output of summer grain and early rice totaled 173.84 million tons (347.7 billion jin), 3.69 million tons (7.4 billion jin) higher than that of last year, up by 2.2 percent. The sown area for autumn grain was stable with an increase.
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