The GDP growth rate in the first three quarters turned positive, and the high-tech manufacturing and equipment manufacturing industries grew rapidly
Release Date:2020-11-26
Source:China Machine Tool Industry Association
Views:3021

According to the website of the National Bureau of Statistics, preliminary calculations show that the gross domestic product (GDP) in the first three quarters was 7,22786 billion yuan, a year-on-year increase of 0.7% at comparable prices. In quarterly terms, the first quarter was down 6.8% year-on-year, the second quarter was up 3.2%, and the third quarter was up 4.9%. In terms of industries, the added value of the primary industry was 4,812.3 billion yuan, an increase of 2.3% year-on-year; the added value of the secondary industry was 2,74267 billion yuan, an increase of 0.9%; the added value of the tertiary industry was 4,039.7 billion yuan, an increase of 0.4%. From a month-on-month perspective, the gross domestic product increased by 2.7% in the third quarter.

Industrial production has accelerated, and high-tech manufacturing and equipment manufacturing have grown rapidly

 

In the first three quarters, the added value of industrial enterprises above designated size nationwide increased by 1.2% year-on-year, and fell by 1.3% in the first half of the year. Among them, the third quarter increased by 5.8% year-on-year, 1.4 percentage points faster than the second quarter. In September, the value added of the industrial enterprises above designated size increased by 6.9% year-on-year, and the growth rate was 1.3 percentage points faster than that in August. It has grown for six consecutive months; a month-on-month increase of 1.18%.

 

In the first three quarters, in terms of economic types, the value added of state-owned holding companies increased by 0.9% year-on-year; joint-stock companies increased by 1.5%, foreign, Hong Kong, Macao and Taiwan-invested companies increased by 0.3%; private companies increased by 2.1%.

 

Divided into three categories, the value added of the mining industry decreased by 0.6% year-on-year, and the rate of decline narrowed by 0.5 percentage points from the first half of the year; the manufacturing industry increased by 1.7%, and the electricity, heat, gas and water production and supply industries increased by 0.8%. Decrease by 1.4% and 0.9%.

 

In the first three quarters, the added value of high-tech manufacturing and equipment manufacturing increased by 5.9% and 4.7% year-on-year respectively. In terms of product output, in the first three quarters, the output of trucks, excavating and shoveling transportation machinery, industrial robots, and integrated circuits increased by 23.4%, 20.2%, 18.2%, and 14.7% respectively year-on-year.

 

From January to August, the national industrial enterprises above designated size realized profits of 3,716.7 billion yuan, a year-on-year decrease of 4.4%, and the rate of decline narrowed by 3.7 percentage points from January to July. In September, China’s Manufacturing Purchasing Managers’ Index was 51.5%, an increase of 0.5 percentage points from August, and was above the threshold for seven consecutive months.

 

The growth rate of fixed asset investment turned from negative to positive, and investment in high-tech industries and social sectors continued to rebound

 

In the first three quarters, the national investment in fixed assets (excluding rural households) was 43,653 billion yuan, an increase of 0.8% year-on-year. The growth rate changed from negative to positive for the first time in the year, and fell by 3.1% in the first half of the year. In terms of different sectors, infrastructure investment increased by 0.2%, and the growth rate turned from negative to positive for the first time during the year, and fell by 2.7% in the first half of the year; manufacturing investment fell by 6.5%, a decrease of 5.2 percentage points from the first half of the year; investment in real estate development increased by 5.6%. The growth rate increased by 3.7% over the first half of the year.

 

In terms of industries, investment in the primary industry increased by 14.5%, and the growth rate was 10.7 percentage points higher than that in the first half of the year; investment in the secondary industry fell by 3.4%, and the rate of decline narrowed by 4.9 percentage points from the first half of the year; investment in the tertiary industry increased by 2.3% in the first half of the year For a decrease of 1.0%. Private investment was 24,399.8 billion yuan, down 1.5%, and the rate of decline narrowed by 5.8 percentage points from the first half of the year.

 

Investment in high-tech industries increased by 9.1%, an increase of 2.8 percentage points over the first half of the year; among them, investment in high-tech manufacturing and high-tech service industries increased by 9.3% and 8.7% respectively. In the high-tech manufacturing industry, investment in the pharmaceutical manufacturing industry, computer and office equipment manufacturing industry increased by 21.2% and 9.3% respectively; in the high-tech service industry, investment in the e-commerce service industry, information service industry, and technological achievement transformation service industry increased by 20.4% respectively , 16.9%, 16.8%.

 

The import and export of goods has turned from decline to rise, and the trade structure continues to improve

 

In the first three quarters, the total value of imports and exports of goods was 231151 trillion yuan, a year-on-year increase of 0.7%, and the growth rate turned from negative to positive for the first time during the year; among them, the third quarter increased by 7.5% year-on-year, and the second quarter fell by 0.2%. Exports were 1,27103 billion yuan, an increase of 1.8%; imports were 10,044.8 billion yuan, a decrease of 0.6%; imports and exports offset, a trade surplus of 235.4 billion yuan.

 

In September, the total import and export volume was 3,066.3 billion yuan, a year-on-year increase of 10.0%; exports were 1,662 billion yuan, an increase of 8.7%; imports were 1,404.3 billion yuan, an increase of 11.6%. The trade structure continued to be optimized.

 

In the first three quarters, general trade imports and exports accounted for 60.2% of total imports and exports, an increase of 0.8 percentage points over the same period last year. The export of mechanical and electrical products increased by 3.2%, and fell by 2.3% in the first half of the year. The import and export of private enterprises increased by 10.2%, accounting for 46.1% of the total import and export, an increase of 4 percentage points over the same period last year.

 

Ex-factory prices for industrial producers fell year-on-year

 

In the first three quarters, the national factory prices of industrial producers fell by 2.0% year-on-year; among them, in September, they fell by 2.1% year-on-year and increased by 0.1% month-on-month. In the first three quarters, the purchasing prices of industrial producers nationwide fell by 2.6% year-on-year; among them, in September, they fell 2.3% year-on-year and increased 0.4% month-on-month.

In general, my country's economic operation continued to recover steadily in the first three quarters, and the overall plan for epidemic prevention and development has achieved remarkable results. However, it must be noted that the international environment is still complex and severe, and there are many uncertainties and instability; the pressure of domestic prevention of imported epidemics and internal prevention of rebound is not small, and the economy is still in the process of recovery, and the foundation for continuous recovery is still needed. Consolidate. In the next stage, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, earnestly implement the decisions and deployments of the Party Central Committee and the State Council, follow the requirements of promoting high-quality development and building a new development pattern, and adhere to the general tone of the work of seeking progress while maintaining stability. Firmly grasp the strategic basis for expanding domestic demand, do a solid job of "six stability" in the normalized epidemic prevention and control, fully implement the "six guarantees" task, vigorously deepen reform and opening up, help enterprises relieve difficulties, focus on smoothing the economic cycle, and build people's livelihood Guarantee the foundation and strive to complete the annual economic and social development goals and tasks.

 

(Source: China Machine Tool Industry Association)