Overall Economic Development Enjoyed Momentum of Steady Growth in the First Three Quarters of 2013

0 Comment(s)Print E-mail National Bureau of Statistics of China, October 18, 2013
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4. Market Sales Kept Steady Growth with the Growth Rate in Rural Areas Faster than that in Urban Areas.

In the first three quarters, the total retail sales of consumer goods reached 16,881.7 billion yuan, an increase of 12.9 percent (a real growth of 11.3 percent after deducting price factors), or 0.2 percentage point higher than that in the first half of the year. Specifically, the retail sales of the enterprises (units) above designated size stood at 8,457.1 billion yuan, up by 11.0 percent. Analyzed by different areas, the retail sales in urban areas reached 14,579.9 billion yuan, up by 12.7 percent, and that in rural areas stood at 2,301.8 billion yuan, up by 14.5 percent. Grouped by consumption patterns, the total income of catering industry was 1,817.8 billion yuan, up by 8.9 percent year-on-year, or 0.2 percentage point higher than that in the first half; and retail sales of goods was 15,063.9 billion yuan, up by 13.4 percent, or 0.2 percentage point higher than that in the first half of the year. In particular, the retail sales of enterprises (units) above designated size reached 7,872.9 billion yuan, up by 12.1 percent. Specifically, the sales of motor vehicles rose by 9.3 percent; household appliances and audio-video equipments went up by 14.7 percent; and furniture grew by 20.6 percent. In September, the total retail sales of consumer goods rose by 13.3 percent year-on-year (a real growth of 11.2 percent after deducting price factors), and the month-on-month growth was1.24 percent.

5. The Growth Rates of Exports Declined while that of Imports Accelerated Slightly.

The total value of imports and exports in the first three quarters of 2013 was 3,060.4 billion US dollars, a year-on-year growth of 7.7 percent, which was 0.9 percentage point lower than that in the first half. The total value of exports was 1,614.9 billion US dollars, up by 8.0 percent, or a drop of 2.4 percentage points; and that of imports was 1,445.5 billion US dollars, up by 7.3 percent, or 0.6 percentage point higher. The trade surplus was 169.4 billion US dollars. Of the total value of imports and exports, that from general trade was 1,616.2 billion US dollars, up by 7.8 percent; and that from processing trade was 989.4 billion US dollars, up by 0.7 percent. Among the value of exports, that from general trade was 794.5 billion US dollars, up by 8.9 percent; and that from processing trade was 625.0 billion US dollars, down by 0.9 percent. Among the value of imports, that from general trade was 821.7 billion US dollars, up by 6.8 percent; and that from processing trade was 364.4 billion US dollars, up by 3.6 percent. In September, the total value of imports and exports was 356.1 billion US dollars, up by 3.3 percent year-on-year. Of this total, the total value of exports was 185.6 billion US dollars, down by 0.3 percent; and that of imports was 170.4 billion US dollars, up by 7.4 percent.

6. The Growth of Consumer Price was Generally Stable while the Decline of Producer Price Narrowed Down.

In the first three quarters, the consumer price went up by 2.5 percent year-on-year, or 0.1 percentage point higher than that in the first half of the year. Specifically, the price went up by 2.5 percent in urban areas and 2.7 percent in rural areas. Grouped by commodity categories, prices for food rose by 4.4 percent; tobacco, liquor and articles rose by 0.6 percent; clothing up by 2.3 percent; household facilities, articles and maintenance services up by 1.5 percent; health care and personal articles grew by 1.5 percent; transportation and communication down by 0.4 percent; recreation, education, culture articles and services grew by 1.4 percent; and housing went up by 2.8 percent. In terms of food prices, that for grain grew up by 4.9 percent, oil or fat up by 1.7 percent, pork down by 0.9 percent and fresh vegetables up by 5.2 percent. In September, the growth of consumer prices was 3.1 percent year-on-year, or 0.8 percent month-on-month. In the first three quarters, the producer prices for industrial products went down by 2.1 percent, the decline of which was 0.1 percentage point less than that in the first half of the year. In September, the price dropped by 1.3 percent year-on-year or grew by 0.2 percent month-on-month. In the first three quarters, the purchasing price for industrial producers was down by 2.2 percent year-on-year. In September, the price was down by 1.6 percent year-on-year or up by 0.2 percent month-on-month.

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