On October 28, I learned from the macroeconomic situation seminar of the China Institute of Macroeconomics that my country’s current economic recovery is more consolidated, the economic foundation such as industrial production, internal circulation, and basic materials is more solid, new productive forces are more active, and the economy in the fourth quarter The upward trend is expected to be further consolidated.
Statistics show that industrial production is currently recovering at an accelerated pace.
From the perspective of industrial categories, among the 41 major industrial categories, the added value of 38 industries increased year-on-year, with a growth rate of 92.7%;
From a regional perspective, among the 31 provinces (autonomous regions and municipalities), the added value of 28 increased year-on-year, with a growth rate of 90.3%;
The four major industrial provinces of Guangdong, Jiangsu, Shandong and Zhejiang contribute more than 40% to the growth of industrial production above designated size nationwide.
The internal circulation of the economy is steadily supported. In the first three quarters, internal demand such as final consumption expenditure and gross capital formation contributed 76.2% to GDP growth, which is the main support for economic growth.
The industrial structure continues to upgrade. In the first three quarters, the added value of the equipment manufacturing industry accounted for 33.8% of all industries above designated size, and has remained above 30% for 19 consecutive months. The added value of the information transmission software and information technology service industry, leasing and business service industry, and financial industry increased rapidly at a rate of 11.3%, 10.1%, and 5.2% respectively, driving the proportion of these three modern service industries in the service industry to increase from 29.1% last year. rose to 30.1%, and the industrial structure continued to leap towards high-end.
Huang Hanquan, president of the China Institute of Macroeconomics, said that in September, macro data on both sides of supply and demand rebounded to varying degrees, and social expectations and confidence gradually recovered, indicating that the driving force for the stabilization and recovery of our economy is increasing. Looking forward to the fourth quarter, with the implementation of existing policies and the continued rollout of a package of incremental policies, the effects of the policies should continue to appear, and the economic recovery will be further consolidated.
