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Xinhua News Agency, Beijing, October 19Question: Hard-won growth is not easy to sustain, with confidence: National Bureau of Statistics spokesperson responds to China’s economic hot spots
Xinhua News Agency reporters Xie Xiyao and Chen Weiwei
The National Bureau of Statistics released data on the 19th that China’s economic growth in the first three quarters turned from negative to positive, up 0.7% year-on-year. How to evaluate economic performance? What difficulties and challenges do you still face? How to expect the economic evolution of the fourth quarter and of the whole year? Liu Aihua, spokesman for the National Statistics Office and director of the General Department of Statistics of the National Economy, responded to the above-mentioned hot topics at the press conference of the Information Office of the State Council held that day.
According to the data, with China’s GDP in the first quarter falling 6.8% year-on-year, the growth rate in the second quarter turned positive and the year-on-year growth rate was 3.2%. The growth rate in the third quarter accelerated further to 4.9% and the main economic indicators showed a positive trend.
“From the trend of change of these leading indicators, China’s epidemic prevention and control and economic recovery are indeed at the forefront of the world, demonstrating the strong resilience and vigorous vitality of China’s economy. China, “Liu Aihua said.
In the first three quarters, 8.98 million people were recently employed in cities and towns across the country, completing 99.8% of the annual goal. In September, the nationally surveyed unemployment rate in urban areas was 5.4%, a decrease of 0.2 percentage points from August. In addition, the real growth rate of residents’ income in the first three quarters went from negative to positive.
“Social security this year is particularly strong.” Liu Aihua said that earlier this year, in the face of unprecedented employment pressure, all regions and departments fully implemented the employment priority policy, continued to increase investment in people’s livelihoods and livelihoods of people were effectively guaranteed and improved.
In the third quarter, the added value of domestic industrial companies above the designated size increased by 5.8% year-on-year, 1.4 percentage points more than in the second quarter. The value added of the service industry increased 4.3% year-on-year and the growth rate was 2.4 percentage points faster than in the second quarter.
Liu Aihua said that under the impact of the epidemic, the driving force of transformation and industrial development has accelerated significantly. The new momentum represented by the Internet economy has grown against the trend and has played a very active role in helping to prevent and control the epidemic, guarantee the lives of residents and promote economic growth.
“While we fully see the trend of improvement, we must also see that the current situation of the epidemic abroad remains serious, and the international environment is unstable and uncertainties still exist objectively.” Liu Aihua pointed out that effective domestic demand remains insufficient, regions and industries The recovery of enterprises remains uneven and the foundation for continuous economic improvement needs to be further consolidated.
He said the next step is to follow the requirements to promote high-quality economic development and build a new development pattern, do a solid job of “six stability”, fully implement the “six guarantees” task, build a solid foundation for protecting people’s livelihoods and helping businesses ease hardships. Strive to complete yearly goals and tasks.
The International Monetary Fund (IMF) recently raised its forecast for China’s annual economic growth. Whether the Chinese economy can continue to maintain a positive trend in the next stage has attracted the attention of outsiders.
“From various factors, whether in terms of demand, production or the confidence and vitality of the entire market, we have the base, the conditions and the confidence to maintain the current situation in the fourth quarter of this year and throughout the year.” Liu Aihua said. .
In the third quarter, total retail sales of consumer goods increased 0.9% year-on-year and the quarterly growth rate turned positive for the first time in the year; In the first three quarters, national investment in fixed assets increased by 0.8% year-on-year and the growth rate turned positive for the first time in the year; In the first three quarters, total imports and exports of goods increased 0.7% year-on-year. , The growth rate turned positive for the first time this year.
“The general momentum of recovery in domestic demand is obvious, especially consumer demand. Releasing the potential of China’s super-large market scale not only reflects the basic strategic foundation for expanding domestic demand, but also benefits the recovery of the entire world economy, “said Liu Aihua.
He said that in the first three quarters, demand has gradually recovered, the industrial cycle has continued to improve, and the confidence of market entities has gradually increased. “These three aspects are very beneficial for the next stage to better utilize the resilience of China’s super-large market and stimulate the demand potential of the super-large market. Overall, we are full of confidence in the economic development of the year.”
