Since the beginning of this year, in the face of the complicated domestic and international situation, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all localities and departments have thoroughly implemented the new development concept, adhered to the general tone of steady progress, and closely focused on the supply-side structure. The main line of reform, focusing on key areas of reform and innovation, effectively stimulating the potential for economic growth and vitality, the four macro indicators are better than the same period last year, better than expected at the beginning of the year, the economic operation shows a steady increase in production demand, the employment situation continues to improve, and prices are moderate. Rising, a good pattern of improvement in the balance of payments, steady development and good momentum. I. The economy continues to grow steadily and the development resilience continues to increase. Under the influence of a series of reform and innovation measures, China's economy has successfully overcome the risk challenge and the stable operation pattern has continued to consolidate. In the first three quarters, the GDP was 59.3 trillion yuan, a year-on-year increase of 6.9%. The growth rate was 0.2 percentage points higher than the same period of the previous year and 0.4 percentage points higher than the expected target for the whole year. It continued to be among the best in the world. Among them, the GDP in the third quarter increased by 6.8% year-on-year, and the economy continued to operate in the interval of 6.7%-6.9% for 9 consecutive quarters, and the stability of growth continued to increase. From the perspective of production, the development of the three major industries is in good shape. Agricultural production is stable and tuned. The output of summer grain and early rice in the country increased by 500 million jins compared with the previous year. The sown area of ​​autumn grain is basically stable, and grain production is expected to be good. In the first three quarters, pork, beef and poultry increased by 0.8% year-on-year. The agricultural supply side reform was implemented in depth and the planting structure was continuously optimized. Industrial production is accelerating growth. In the first three quarters, the added value of industrial enterprises above designated size increased by 6.7% year-on-year, and the growth rate was 0.7 percentage points higher than the same period of the previous year. The supply-side structural reform promoted the effective development of the real economy, and the manufacturing industry became the main driving force for industrial growth, and the capacity utilization rate continued to rise. In the first three quarters, the manufacturing industry accounted for more than 80% of the industry, and the added value of the manufacturing industry increased by 7.3% year-on-year. The growth rate was 0.6 percentage points faster than that of all industries above designated size. The national industrial capacity utilization rate rose by 3.5 percentage points over the same period of the previous year. , the highest level in the past five years. The service industry has maintained rapid development. In the first three quarters, the growth rate of the added value of the tertiary industry was 1.5 percentage points faster than that of the secondary industry, accounting for 52.9% of the GDP, 12.8 percentage points higher than the secondary industry; the contribution rate to economic growth reached 58.8%. The secondary industry was 21.6 percentage points higher, and the leading role of the service industry continued to play. The modern service industry grew rapidly. In the first three quarters, the value-added of information transmission software and information technology services, leasing and business services increased by 23.5% and 10.5% respectively. The sharing economy, the platform economy, and the digital economy have been widely infiltrated, new services have emerged, and the development momentum is good. From the perspective of demand, the three major demands are generally stable. The fundamental role of consumption continues to increase. In the first three quarters, the total retail sales of consumer goods increased by 10.4% year-on-year, which was significantly faster than the growth rate of investment; the contribution rate of final consumption to economic growth reached 64.5%, which was 31.7 percentage points higher than the total capital formation. The improvement of residents' income level and the change of consumption concept have led to rapid growth in consumption and consumption, and an increase in the proportion. In the first three quarters, the proportion of education, cultural entertainment and health care expenditure in the per capita consumption expenditure of the national residents increased by 0.2 and 0.5 percentage points respectively over the same period of the previous year. The investment structure is continuously optimized. In the first three quarters, fixed asset investment increased by 7.5% year-on-year. Although the growth rate slowed down compared with the first half of the year and the same period of last year, the investment structure was continuously optimized, which effectively enhanced the economic development stamina. In the first three quarters, high-tech manufacturing, equipment manufacturing and manufacturing technological transformation investment increased by 18.4%, 8.3% and 12.1% respectively, which were 14.2, 4.1 and 7.9 percentage points faster than manufacturing investment respectively; high-energy manufacturing investment The decline was 1.9%, and the decline was 0.9 percentage points higher than the first half. Import and export grew rapidly. In the first three quarters, the total import and export of goods was 20.3 trillion yuan, a year-on-year increase of 16.6%, a decrease of 2.6% in the same period last year. Among them, exports increased by 12.4% and imports increased by 22.3%. Second, the role of reform and innovation has continued to emerge, and the employment situation has continued to improve. With the deepening of the reform of the discharge control service, the innovation of mass entrepreneurship has flourished, and the effect of entrepreneurship has been obvious. In the first three quarters, the number of newly registered enterprises nationwide increased by 12.5% ​​year-on-year, and the number of newly registered enterprises per day reached 16,500. The emergence of a large number of new enterprises has effectively led to an increase in employment. There are 130,000 small and micro enterprises in the incubator, which has driven more than 2.1 million people. At the same time, the emerging service industry has developed rapidly and absorbed a large increase in employment. In the third quarter, the number of employed persons in enterprises above designated size in the industries of culture, sports and entertainment, leasing and business services, information transmission software and information technology services increased by 12.4%, 10.8% and 10.5%, respectively, and the growth rate was higher than the total size. Enterprises are fast 11, 9.4 and 9.1 percentage points. Under the active employment policy and entrepreneurial innovation, the employment situation has continued to improve. In the first three quarters, there were 10.97 million new employees in urban areas nationwide, an increase of 300,000 over the same period of the previous year, reaching 99.7% of the annual target, which has been basically completed. The national urban survey unemployment rate was stable at around 5%, lower than the same period of the previous year. In September, the urban and rural unemployment rate in 31 major cities was 4.83%, the lowest since 2012. In the third quarter, the national urban registered unemployment rate was 3.95%, a decrease of 0.09 percentage points from the same period of the previous year, and has remained below 4% since this year. The employment trend of continuing to improve the income of residents is obvious. In the first three quarters, the per capita disposable income of the national residents increased by 7.5% year-on-year. The growth rate was 0.2 percentage points higher than that of the first half of the year and 1.2 percentage points faster than the same period of the previous year. It continued to be faster than GDP and per capita GDP growth. Third, the market supply and demand relationship improved, the consumer price rose moderately, the economy maintained steady growth, the market supply was generally sufficient, and consumer prices rose slightly. In the first three quarters, consumer prices rose by 1.5% year-on-year, an increase of 0.1 percentage points over the first half of the year, down 0.5 percentage points from the same period of the previous year and about 1.5 percentage points lower than the expected target at the beginning of the year. Among them, the first, second and third quarters rose by 1.4%, 1.4% and 1.6% respectively. The core CPI remains stable. In the first three quarters, the core CPI, excluding food and energy prices, rose by 2.1% year-on-year, with 2.0%, 2.1% and 2.2% in the first, second and third quarters respectively. From the main areas, food prices have declined. Affected by the comparison base and weather factors, food prices in the first three quarters fell by 1.7% year-on-year. Service prices rose steadily. With the gradual expansion of consumer service consumption demand and the gradual rationalization of the pricing mechanism in some service areas, the service price in the first three quarters increased by 2.9% year-on-year, an increase of 0.8 percentage points over the same period of the previous year. The price increase of industrial products has stabilized. The supply-side structural reforms were further advanced, and the supply and demand relationship in the industrial sector continued to improve, and the prices of industrial products continued to rise. In the first three quarters, the ex-factory price of industrial producers rose by 6.5% year-on-year, and the growth rate dropped by 0.1 percentage points from the first half of the year. Among them, the first, second and third quarters rose by 7.4%, 5.8% and 6.2% respectively. Fourth, the open economy has strengthened its vitality, the international balance of payments has stabilized, and the proactive and open strategy has been implemented in depth. The RMB exchange rate has fluctuated in two directions, steady and rising, cross-border capital flows have been stable and orderly, and the international balance of payments situation has continued to improve. The trade in goods remained a surplus. The trade surplus of goods in the first three quarters was 2.03 trillion yuan, a year-on-year narrowing of 17.7%. A new round of high-level opening up has been actively promoted, and the construction of the “Belt and Road†has achieved substantial results. In the first three quarters, the import and export volume of China's participating countries in the “Belt and Road†construction increased by 20.1% year-on-year, which was 3.5 percentage points higher than the growth rate of China's import and export in the same period. Service trade grew rapidly. From January to August, the total import and export of services increased by 9.8% year-on-year, with a deficit of 1.2 trillion yuan. Emerging service areas such as telecommunications, computer and information services import and export, and offshore service outsourcing have maintained rapid growth. From January to August, the import and export of emerging service sectors increased by 10.6% year-on-year; offshore service outsourcing increased by 7.5%, accounting for 71.2% of emerging service exports. Attracting foreign investment is greater than foreign investment. In the first three quarters, the actual use of foreign investment in the country was 618.6 billion yuan, up 1.6% year-on-year; non-financial foreign direct investment was 78 billion US dollars, down 41.9%, and irrational investment was significantly curbed. Foreign exchange reserves have continued to rise. At the end of September, the balance of foreign exchange reserves was 3,108.5 million US dollars, an increase of 17 billion US dollars from the end of last month, and it rebounded for 8 consecutive months, changing the situation of last year's decline. In summary, in the first three quarters, the national economy has been steadily moving forward, and the steady and steady development has continued. The favorable conditions for supporting the economy to maintain medium-to-high-speed growth and moving toward the mid-to-high-end level have been accumulating, and the development is inclusive and acquired. Significantly enhanced, laid a solid foundation for better achieving the expected goals of economic development throughout the year. However, we must also see that China is in the period of structural adjustment, the new kinetic energy new industry is still gestating, structural and institutional contradictions still exist, and the need to continue to improve the foundation needs to be further consolidated. In the next stage, we must take the spirit of the 19th Party Congress as the leader, implement the decision-making arrangements of the Party Central Committee and the State Council without fail, and adhere to the general tone of steady progress, and better grasp the stability, progress, stability and prevention. Relationships, consolidate the foundation of economic stability; at the same time, we must stand in the long-term economic cycle and structural optimization and upgrading, deepen reform and innovation, deepen and increase vitality through reform, drive growth and energy through innovation, continuously improve the quality and efficiency of economic development, and promote nationals. The economy continues to improve and achieve long-term, stable and healthy economic development.
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