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In the first three quarters of this year, GDP grew 4.6% year-on-year, while industrial robot output rose 29.1% year-o...
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GDP grew 4.6% year on year in the first three quarters; industrial robot output grew 29.1% year on year
According to CCTV News, the State Council Information Office held a press conference on October 19, and the National Bureau of Statistics released economic data for the first three quarters of this year. According to preliminary calculations, GDP in the first three quarters was 107,107.1 billion yuan, up 4.6% year on year at constant prices. Mao Shengyong, deputy director of the National Bureau of Statistics, said at the press conference that equipment manufacturing and high-tech manufacturing provided obvious support, and industrial robot output increased by 29.1% year on year.
In the first three quarters, China's national economy withstood pressure and maintained stable operation, showing a development trend of new momentum and improved structure. Production and supply grew relatively rapidly, foreign trade showed good growth momentum, employment and prices were generally stable, and people's livelihood was effectively and efficiently safeguarded. Development resilience and vitality continued to be demonstrated, becoming an important part of the National Bureau of Statistics' overall assessment of economic operation in the first three quarters.
By industry, the value added of the primary industry was 5,899.4 billion yuan, up 3.7% year on year; the value added of the secondary industry was 38,382.2 billion yuan, up 3.8% year on year; and the value added of the tertiary industry was 62,825.5 billion yuan, up 5.2% year on year. The growth rate of the tertiary industry was higher than that of the primary and secondary industries, and its total value added was also the largest. Data showed that all three industries achieved year-on-year growth in the first three quarters.
By quarter, GDP grew 5.0% year on year in the first quarter, 4.3% year on year in the second quarter, and 4.5% year on year in the third quarter. Looking at the quarterly trend, the growth rate in the second quarter fell back from the first quarter, while the growth rate in the third quarter rebounded somewhat from the second quarter. Data released by the National Bureau of Statistics showed that the economy maintained stable operation under pressure in the first three quarters.
In the industrial sector, Mao Shengyong said that in the first three quarters, China's equipment manufacturing and high-tech manufacturing provided obvious support. Industrial robot output increased by 29.1% year on year, 3D printing equipment output increased by 62.5% year on year, and lithium-ion battery output increased by 39.5% year on year. These product output data reflected relatively rapid growth in related manufacturing fields.
From the perspective of industrial structure, the value added of the tertiary industry reached 62,825.5 billion yuan, up 5.2% year on year, the highest growth rate among the three industries. The value added of the secondary industry was 38,382.2 billion yuan, up 3.8% year on year; the value added of the primary industry was 5,899.4 billion yuan, up 3.7% year on year. All three industries maintained growth, providing support for the stable operation of the national economy.
Data released by the National Bureau of Statistics also showed that in the first three quarters, production and supply grew relatively rapidly, foreign trade showed good growth momentum, employment and prices were generally stable, and people's livelihood was effectively and efficiently safeguarded. The national economy withstood pressure and maintained stable operation, and the development trend of new momentum and improved structure further emerged. Development resilience and vitality continued to be demonstrated.
Overall, in the first three quarters, GDP grew 4.6% year on year at constant prices, with quarterly growth rates of 5.0%, 4.3%, and 4.5%, respectively. Equipment manufacturing and high-tech manufacturing provided obvious support, and output of products such as industrial robots, 3D printing equipment, and lithium-ion batteries achieved relatively rapid growth. The National Bureau of Statistics released the above data at the press conference on October 19.
