My GDP grew by 9.9% in the first three quarters

[China Epoxy Network (China Epoxy Industry Online)October 29, 2008: In the stormy waves of the world financial crisis, China's economy has gone through the most difficult year 3/4 of the distance.
Although the growth rate of 9.
9% in the first three quarters was a drop of 2.
3 percentage points from the same period last year, compared with the downturn in the world economy, the steady and rapid development of China's economy is still eye-catching.
In the face of the "financial tsunami", we should strengthen our confidence while enhancing our awareness of danger.
The press conferences of the National Bureau of Statistics have always been highly valued by reporters from all walks of life, and they are especially popular when there is a change in the economy.
The statistics release materials for the first three quarters just appeared in the press room of the Information Office of the State Council, and the scramble situation on the spot was almost chaotic.
The growth rate of 9.
9% is still slightly higher than the average annual growth rate of 9.
8% since the reform and opening up.
Needless to say, the downward trend of the national economy this year has been obvious.
In the first quarter, China's GDP grew by 10.
6% year-on-year, in the second quarter by 10.
1%, and only by 9.
0% in the third quarter.
However, the growth rate of 9.
9% in the first three quarters is still slightly higher than the average annual growth rate of 9.
8% since the reform and opening up.
When talking about this number, Li Xiaochao, spokesperson for the National Bureau of Statistics, specially reminded people to compare with the course of China's economic development this year.
He used 3 "ten" to summarize the course of China's economic development this year: "Very unusual, very extraordinary, and very difficult.
" According to experts from the China Epoxy Industry Association ( this year The environment for China's economic development has been plagued by disasters since then.
The low-temperature rain, snow and freezing disasters and the Wenchuan earthquake not only caused significant losses to people's lives and property, but also had an impact on the steady and rapid development of the national economy.

    The deterioration of the international economic environment is an unprecedented challenge.
The global financial crisis triggered by the subprime mortgage crisis in the United States was evaluated by the International Monetary Fund as "the most serious financial crisis in the world since the 1930s.
" This crisis has brought extremely unfavorable effects to China, which is increasingly opening to the outside world and getting closer to the world economy.
According to preliminary estimates by experts from the China Epoxy Industry Association ( the contribution rate of imports and exports of goods and services to economic growth in the first three quarters was 12.
5%, a decrease of 8.
9 percentage points from the same period last year, driving economic growth.
1.
2 percentage points, a decrease of 1.
2 percentage points year-on-year.
When it comes to the current Chinese economy, one of our common evaluations is "the fundamentals are still good.
" The statistics of the first three quarters also give a positive interpretation of the current economic fundamentals.
3 From the perspective of supply, five consecutive years of bumper harvests in agriculture are the basic condition for stable economic growth.
Although industrial production has encountered great difficulties and its growth has slowed down, the growth rate in the first three quarters still reached 15.
2%, and the profits of industrial enterprises above designated size across the country increased by 19.
4% year-on-year.
From the perspective of demand, this year's external demand has fallen more, but the rate of decline in growth in August and September is shrinking.
Foreign direct investment increased significantly.
The actual use of foreign capital in the first three quarters was US$74.
4 billion, an increase of 39.
9%, an increase of 29 percentage points over the same period of the previous year.
In addition, fixed asset investment and urban and rural consumption have maintained steady and rapid growth.
In the first three quarters, the total investment in fixed assets of the society was 11,1624.
6 billion yuan, an increase of 27.
0% year-on-year, 1.
3 percentage points faster than the same period last year; the total retail sales of consumer goods was 7,788.
6 billion yuan, an increase of 22.
0% year-on-year, 6.
1 percentage points faster than the same period last year.

    Li Xiaochao summarized the highlights of the national economy in the first three quarters in four aspects: First, the economy still maintained steady and rapid growth; second, the growth rate of consumer prices fell obviously.
Although the growth rate of consumer prices in the first three quarters was higher than that of last year, it fell.
The trend is obvious.
It has fallen for five consecutive months since May, and the year-on-year growth rate in September has dropped to 4.
6%; third, positive progress has been made in structural adjustment.
The production of high-energy-consuming industries in the first three quarters increased by 13.
2% year-on-year, compared with the same period last year.
A decline of 6.
4 percentage points, the added value of high-tech manufacturing increased by 16.
5%, 1.
3 percentage points higher than the growth rate of all industries above designated size.
The growth of production and investment in the central and western regions was significantly faster than that in the east in the first three quarters.
Fourth, the quality of economic operations continued to improve.
Experts from the China Epoxy Industry Association ( said that through a group of hard-won data, it is the hard work that people across the country have made to overcome difficulties.
Looking ahead, the international financial market is turbulent and changeable.
The growth of the world economy has slowed down significantly.
Uncertain and unstable factors in the international economic environment have increased significantly.
The impact on my country's economy has continued to appear.
China's economy is still facing great difficulties.
Under the influence of a series of macro-control policies issued by the Party Central Committee and the State Council, and under the influence of the sharp drop in the price increase of international primary products, the increase in CPI has decreased month by month.
According to Li Xiaochao's analysis, there are favorable factors in economic operations that promote low consumer prices, but uncertain factors affecting price increases still exist, and inflation cannot be taken lightly.
How to evaluate the adverse impact of the world financial crisis on my country's future economy?

    Li Xiaochao suggests that people pay close attention to three aspects.
One is to pay close attention to the impact on attracting foreign investment.
Due to the impact of the world financial crisis and the reduction of world liquidity, it is estimated that it will have some impact on our foreign direct investment; the second is to pay close attention to the impact on export growth.
The rapid growth of exports has always been an important factor driving my country’s economic growth.
Affected by the world financial crisis, the world economy has slowed down significantly, which will still have a greater impact on my country’s exports; third, attention needs to be paid to investors and consumers The influence of confidence.
According to experts from the China Epoxy Industry Association ( in the turbulent waves of the international financial tsunami, the Chinese economy has traveled 3/4 of its journey in the most difficult year.
This difficult road proves a truth: hard work will always pay off.
Faced with the difficulties we are facing, we need to increase our sense of worry; strengthen our confidence in development, and we have the foundation and space to withstand the negative impact of the world economy.
The first is the wealth accumulated and the foundation laid by the rapid economic development of my country in the 30 years of reform and opening up; secondly, there is a relatively high domestic savings rate, and the source of funds is stable, abundant and abundant; third, the potential for domestic demand is large, and the space for expanding domestic demand is relatively broad; Fourth, there is still room for adjustment of the export structure.
Fifth, there is still a relatively large room for macroeconomic policy operations, including fiscal policy, monetary policy, and industrial policy.
What will the future economic growth depend on? At present, experts generally believe that the most important thing is to expand domestic demand and stimulate consumption.
Shen Minggao, chief economist of Caijing, said that the focus of investment may first be to expand the scope of medical insurance, build a rural medical network, and prevent "poverty due to illness.
" The second is to increase investment in the construction of affordable housing and affordable housing.

(Our reporter Huan Yang)

Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
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