GDP growth in the first three quarters was 10.6%; CPI rose 3.6% in September, a new high in 23 months
Yesterday, the economic statistics released by the National Bureau of Statistics showed that the GDP growth rate in the first three quarters was 10.6%, which was 2.5 percentage points higher than the same period of the previous year. Among them, the third quarter GDP growth rate was 9.6%. In the first three quarters, CPI rose by 2.9% year-on-year, of which September rose by 3.6% year-on-year, a new high in 23 months.
Statistics Bureau spokesman Sheng Laiyun said that from the data of the first three quarters, the overall judgment is that the current national economy continues to develop in the direction of macroeconomic regulation and control, and the momentum of the economy is further consolidated.
Preliminary estimates show that China's economy grew at 11.9% in the first quarter, 10.3% in the second quarter, and 9.6% in the third quarter. The growth rate in the second quarter fell by 1.6 percentage points from the first quarter, while the growth rate in the third quarter narrowed to 0.7 percentage points. Sheng Laiyun pointed out that the decline in China's economic growth in the third quarter was mainly the result of the high base last year and the initiative of the macro-control this year. "From the performance of the real economy, from the performance of the three major demands, the Chinese economy showed signs of stabilization in the third quarter." He said.
Data show that consumer prices in September rose by 3.6% year-on-year, a new high in 23 months, up 0.6% from the previous month, unchanged from last month. Analysis of the reasons for the large increase in CPI in September, Sheng Laiyun believes that it is mainly due to the low base in the same period last year and the rising food and housing prices. He pointed out that the price level in the fourth quarter will face both upward and downward pressure. The depreciation of the dollar will push up global commodity prices, which may exacerbate domestic inflationary pressures.
"Despite the upward pressure on prices, if the late inflation expectations are properly managed, then the goal of completing the full-year macroeconomic regulation and control is still promising and possible." Sheng Laiyun said.
The economic data released yesterday showed a steady increase in China's economy, except for the CPI record high in the month of September. In the first three quarters, the added value of industrial enterprises above designated size increased by 16.3% year-on-year, and the growth rate accelerated by 7.6 percentage points over the same period of the previous year; the fixed assets investment of the whole society was 192.228 billion yuan, up 24.0% year-on-year; the per capita total income of urban households was 15,756 yuan. The per capita disposable income of urban residents was 14,334 yuan, and the actual increase was 7.5% after deducting the price factor.
Sheng Laiyun also revealed that this year the country is undergoing a rotation of the base period of the consumer price index, and China will adopt a new CPI weight from next year.
Yesterday, the economic statistics released by the National Bureau of Statistics showed that the GDP growth rate in the first three quarters was 10.6%, which was 2.5 percentage points higher than the same period of the previous year. Among them, the third quarter GDP growth rate was 9.6%. In the first three quarters, CPI rose by 2.9% year-on-year, of which September rose by 3.6% year-on-year, a new high in 23 months.
Statistics Bureau spokesman Sheng Laiyun said that from the data of the first three quarters, the overall judgment is that the current national economy continues to develop in the direction of macroeconomic regulation and control, and the momentum of the economy is further consolidated.
Preliminary estimates show that China's economy grew at 11.9% in the first quarter, 10.3% in the second quarter, and 9.6% in the third quarter. The growth rate in the second quarter fell by 1.6 percentage points from the first quarter, while the growth rate in the third quarter narrowed to 0.7 percentage points. Sheng Laiyun pointed out that the decline in China's economic growth in the third quarter was mainly the result of the high base last year and the initiative of the macro-control this year. "From the performance of the real economy, from the performance of the three major demands, the Chinese economy showed signs of stabilization in the third quarter." He said.
Data show that consumer prices in September rose by 3.6% year-on-year, a new high in 23 months, up 0.6% from the previous month, unchanged from last month. Analysis of the reasons for the large increase in CPI in September, Sheng Laiyun believes that it is mainly due to the low base in the same period last year and the rising food and housing prices. He pointed out that the price level in the fourth quarter will face both upward and downward pressure. The depreciation of the dollar will push up global commodity prices, which may exacerbate domestic inflationary pressures.
"Despite the upward pressure on prices, if the late inflation expectations are properly managed, then the goal of completing the full-year macroeconomic regulation and control is still promising and possible." Sheng Laiyun said.
The economic data released yesterday showed a steady increase in China's economy, except for the CPI record high in the month of September. In the first three quarters, the added value of industrial enterprises above designated size increased by 16.3% year-on-year, and the growth rate accelerated by 7.6 percentage points over the same period of the previous year; the fixed assets investment of the whole society was 192.228 billion yuan, up 24.0% year-on-year; the per capita total income of urban households was 15,756 yuan. The per capita disposable income of urban residents was 14,334 yuan, and the actual increase was 7.5% after deducting the price factor.
Sheng Laiyun also revealed that this year the country is undergoing a rotation of the base period of the consumer price index, and China will adopt a new CPI weight from next year.
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