National Economic Performance in the first three quarters

In the first 3 quarters of this year, governments at all levels implemented in real earnest a series of policies aiming at expanding domestic demand, as well as the pro-active financial policy and the solid monetary policy. National economic performance increased fast.

The gross domestic product increased steadily. According to preliminary estimation, the gross domestic product (GDP) in the first 3 quarters was 6722.7 billion yuan, up by 7.6% over the same period of last year at comparable prices. Of which, the primary industry was 869.9 billion yuan, up 2.5%, and the secondary industry was 3553.7 billion yuan, up 9.3%, and 2299.1 billion yuan for the tertiary industry, up 7%.

The quality of economic performance was good. Budget income continued to increase fast.

Total budget revenue (excluding debts) was 1187.2 billion yuan, up 24.2% over the same period of last year in the first 3 quarters of this year. The economic efficiency was turning for the better. From January to September, The total profit made by industrial enterprises was 326.03 billion yuan, up 12.6%. Of which, that of Stated-owned and stated share-holding enterprises was 173.72 billion yuan, up 8.4% over the same period of last year, down 5.3 percentage points than the first 8 months of this year. And the total losses occurred in loss-suffering enterprises was 93.5 billion yuan in the first 3 quarters of this year.

Fast growth was registered in industrial production.

In the first 3 quarters of this year, the total value-added of the industrial sector was 1959.7 billion yuan, up 10.3% over the same period of last year. The growth of state-owned and state-holding enterprises was 9.1%, and that of collective-owned enterprises was 6.9%, that of share-holding enterprises was 11.1%, and 12.3% for the foreign funded enterprises and enterprises with funds form Hong Kong, Macao & Taiwan.

Investment in fixed assets speeded up.

In the first three quarter of this year, the completed investment in fixed assets of the country was 2122.1 billion yuan, up 15.8% over the same period of last year, 0.7 percentage points faster than the first half. In terms of different economic entities, the investment of state-owned units and other type of units was up 18.2%, that of collective units and individual was up 9.1%.

Export and import increased fast

Total value of export and import in the first 3 quarters of this year was 376.4 billion US dollars, up by 9% compared with the same period of last year. Of which that of export was 195 billion US dollars, up 7%; that of import was 181.4 billion US dollars, up 11.2%. Surplus was 13.6 billion US dollars, down 5.6 billion US dollars over the same period of last year. In the first 3 quarters of this year, the foreign direct investment actually utilized was 32.2 billion US dollars, up by 20.7%.

Commodity sales on domestic market increase steadily, and the price is steady.

In the first 3 quarters of this year, the total retail sales of consumer goods was 2679.3 billion yuan, up 10.1% over the same period of last year. Of this total, the retail sales of consumer goods in urban was up 11.5%, 3.7 percentage points faster than that at and below county level.

In terms of different industries, the sales of the wholesale and retail trades was up 10.8%, the sales of the catering industry was up 16.2%.The consumer price index of residents in the first 3 quarters of this year was 101%.

Income of rural and urban residents increased fast.

According to preliminary estimation, in the first 3 quarters of this year, the per capita disposable income of urban households was 5120 yuan, up 7.4% over the same period of last year at comparable prices. And the per capita net income of rural households was 1641 yuan, up 5.2% over the same period of last year at comparable.