SCIO briefing on China's economic performance in the first three quarters of 2021
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E-mail China.org.cn, October 21, 2021
Bloomberg News:
I have two questions. The first one is: Can you give us some breakdown for the contribution from the exports, capital formation and consumption. The second one is: You said that the policies would have an effect on coal output. Are you seeing an increasing coal output in October from September, because coal output fell while electricity demand rose in September, so that situation doesn't reverse. The power shortage is going to get worse in October. So has it already set to improve or is that going to happen in the future?
Fu Linghui:
Thank you for your questions. I can give you some data on the contribution of the three major demands to growth. In the first three quarters, the contribution rate of final consumption expenditure to economic growth was 64.8%, the contribution rate of total capital formation was 15.6%, and the contribution rate of net exports of goods and services was 19.5%.
As for coal production, it should be noted that the coal market supply was tight due to affected release of some production capacity. The central government attaches great importance to this. Recently, relevant departments have issued a series of measures to stabilize and increase coal supply and production. It is believed that the tight situation will be gradually improved. Thank you.
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