Withstand pressure! The economy in the third quarter was significantly better than the second quarter

　　China News Service, October 24th (China-Singapore Finance and Economics reporter Shi Rui) On the 24th, the National Bureau of Statistics released the operation of the national economy in the first three quarters of 2022.

In the first three quarters, GDP increased by 3.0% year-on-year, and in the third quarter, GDP increased by 3.9% year-on-year.

　　Facing the complex and severe domestic and international situation and the impact of multiple unexpected factors, China's economy continued to recover under pressure, and the growth rate stabilized and rebounded in the third quarter.

The economy in the third quarter

　　According to data from the National Bureau of Statistics, according to preliminary calculations, the gross domestic product in the first three quarters was 87,026.9 billion yuan, a year-on-year increase of 3.0% at constant prices, 0.5 percentage points faster than the first half of the year.

　　In the third quarter, GDP increased by 3.9% year-on-year, 3.5 percentage points faster than that in the second quarter.

The primary, secondary and tertiary industries increased by 3.4%, 5.2% and 3.2% year-on-year respectively.

On a month-on-month basis, after adjusting for seasonal factors, GDP in the third quarter increased by 3.9% month-on-month.

　　"The national economy continued to recover under pressure, and the economic recovery in the third quarter was improving, which was significantly better than that in the second quarter." The National Bureau of Statistics emphasized.

　　Zhao Tonglu, director of the National Economic Accounting Department of the National Bureau of Statistics, analyzed that the three major demands of consumption, investment and net exports continued to rebound, and the stamina for recovery and development was strengthened.

Data show that in the third quarter, the contribution rates of final consumption expenditure, gross capital formation, and net exports of goods and services to economic growth were 52.4%, 20.2%, and 27.4%, respectively, driving GDP growth by 2.1 percentage points, 0.8 percentage points, and 1.1 percentage points. .

Data map: Guigang Port.

Photo by Xiong Yaozhang issued by China News Agency

Economical province supports strong industrial economic recovery

　　Data show that in the third quarter, the industrial chain and supply chain recovered steadily. The added value of industries above designated size increased by 4.8% year-on-year, up 4.1 percentage points from the second quarter, and the industrial economy recovered well.

　　Jiang Yuan, deputy director of the Industrial Statistics Department of the National Bureau of Statistics, believes that the economic province has strong support.

In September, industrial production in the major economic provinces of Guangdong, Jiangsu, Shandong and Zhejiang increased by 5.5%, 10.5%, 7.6% and 7.4% respectively, 4.1, 0.6, 0.2 and 3.4 percentage points higher than the previous month.

　　In addition, industrial enterprises in Sichuan and Chongqing accelerated to make up for the loss of power curtailment last month, and the added value changed from a decrease of 11.0% and 18.2% in the previous month to an increase of 5.6% and 13.1%, respectively, and the marginal improvement was obvious.

Among the 2.1 percentage points accelerated nationwide from the previous month, the above six regions collectively contributed 1.9 percentage points.

Residential wages and net operating income growth accelerated

　　From the perspective of residents' income, in the first three quarters, the per capita disposable income of national residents was 27,650 yuan, a nominal increase of 5.3% over the same period of the previous year, and the nominal growth rate was 0.6 percentage points higher than that in the first half of the year; after deducting price factors, the actual increase was 3.2%, and the actual increase was 3.2%. The speed increased by 0.2 percentage points over the first half of the year.

The growth of residents' income is basically synchronized with the economic growth.

　　Fang Xiaodan, director of the Household Survey Department of the National Bureau of Statistics, said that efforts to help enterprises continue to increase their efforts to protect market players, and the employment situation is generally stable, creating favorable conditions for wage income growth.

In the first three quarters, the per capita wage income of national residents was 15,678 yuan, a nominal increase of 5.1% over the same period of the previous year, and the growth rate was 0.4 percentage points faster than that in the first half of the year.

　　At the same time, the growth of net operating income recovered somewhat.

In the first three quarters, the per capita net operating income of national residents was 4,352 yuan, a nominal increase of 5.2% over the same period of the previous year, and the growth rate was 2.0 percentage points faster than that in the first half of the year.

In terms of different industries, the net operating income of residents in primary, secondary and tertiary industries increased by 6.7%, 5.4% and 4.5% respectively, 5.1, 0.4 and 1.0 percentage points higher than that in the first half of the year.

　　Fang Xiaodan mentioned that driven by factors such as another bumper harvest of summer grains and relatively high prices of agricultural and animal husbandry products, the net income of rural residents in the first three quarters increased by 8.9% over the same period of the previous year, an increase of 5.3 percentage points over the first half of the year.

The employment situation improved in the third quarter

　　In terms of employment, in the first three quarters, the national urban surveyed unemployment rate averaged 5.6%, of which the average in the third quarter was 5.4%, down 0.4 percentage points from the second quarter.

　　Wang Pingping, director of the Department of Population and Employment Statistics of the National Bureau of Statistics, analyzed that from the perspective of the main population of employment, the average unemployment rate of the labor force aged 25-59 in the third quarter was 4.4%, which was significantly lower than the average level of 4.9% in the first quarter and 5.0% in the second quarter. The average unemployment rate of the local labor force in the third quarter was 5.3%, down 0.2 percentage points from the second quarter.

Overall, the employment situation in the third quarter was better than that in the first and second quarters.

　　Since the third quarter, the employment situation of key groups has also improved.

The data show that in August and September, the unemployment rate of young people aged 16-24 dropped for two consecutive months, reaching 17.9% in September, down 2 percentage points from the peak in July, and 0.4 percentage points lower than the same period last year.

　　Wang Pingping believes that from the perspective of the situation in the next stage, there are better foundations and conditions for stable employment.

First, the production of industrial and service industries has stabilized and rebounded, and the continued economic recovery has provided a strong guarantee for the stability of the employment situation.

Second, various employment stabilization policies continued to be strengthened.

Third, with the in-depth implementation of the innovation-driven development strategy, new industries and new kinetic energy continue to grow, and new jobs and new occupations continue to emerge.

The revised 2022 edition of the National Occupational Classification Code added 158 new occupations, and marked 97 digital occupations for the first time. The emergence of new occupations and new types of work has created more employment opportunities and provided workers with a broader space for career development.

(Finish)

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