In the first three quarters of 2010, faced with the complicated and volatile domestic and international environment and various grand challenges, under the correct leadership of the Central Party Committee and the State Council, all regions and departments consistently carried out the packages of policies dealing with the impacts of international financial crisis and other policies and measures, and proactively pushed forward the transformation of economic development mode and the adjustment of economic structures. As a result, the good developing momentum of economy was further consolidated, and the national economy kept moving towards the expected direction of macroeconomic control.

According to the preliminary estimation, the gross domestic product (GDP) of China in the first three quarters of this year was 26,866.0 billion yuan, a year-on-year increase of 10.6 percent, which was 2.5 percentage points higher than that in the same period last year. In terms of growth by quarters, it was up 11.9 percent for the first quarter, 10.3 percent for the second and 9.6 percent for the third quarter. The value added of the primary industry was 2,560.0 billion yuan, up by 4.0 percent; that of the secondary industry was 12,932.5 billion yuan, up by 12.6 percent; and that of the tertiary industry was 11,373.5 billion yuan, up by 9.5 percent.

1. The situation of agricultural production was good and a dramatic increase is expected for the output of autumn grain. The output of grain for the whole year is expected to have another bumper harvest. In the first three quarters of this year, the total output of pork, beef and mutton reached 54.39 million tons, a year-on-year growth of 2.6 percent. The output of pork reached 35.89 million tons, up by 2.7 percent.

2. Industrial production picked up quickly with a substantial increase in economic efficiency of enterprises. In the first three quarters of this year, the total value added of the industrial enterprises above designated size was up by 16.3 percent year-on-year, or 7.6 percentage points higher than that in the first three quarters of 2009. In terms of growth by quarters, it was up 19.6 percent for the first quarter, 15.9 percent for the second and 13.5 percent for the third. An analysis on different types of enterprises showed that the value added growth of the state-owned and state holding enterprises went up by 15.1 percent; collective enterprises by 9.4 percent; share-holding enterprises by 17.3 percent; and 15.8 percent growth for enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan provinces. The year-on-year growth of heavy industry was 17.5 percent, and 13.6 percent for the light industry. Among 39 industrial divisions, 38 of them registered year-on-year growth. In terms of different areas, the growth in eastern, central and western regions was 15.6 percent, 18.9 percent and 15.6 percent respectively. The production and sales of industrial products went on well. In the first three quarters of this year, the sales ratio of industrial products was 97.8 percent, or 0.4 percentage point higher than that in the previous year.

In the first eight months of this year, the profits made by industrial enterprises above designated size stood at 2,600.5 billion yuan, up by 55 percent year-on-year. Among the 39 industrial divisions, 36 divisions registered year-on-year increase in profits, 1 division reversed from loss-making to profits, and the rest 2 divisions witnessed reduction of profits.

3. Investment in fixed assets enjoyed fast growth with improved investment structure. In the first three quarters of this year, the investment in fixed assets of the country was 19,222.8 billion yuan, a year-on-year growth of 24.0 percent. Of this total, the investment in urban areas reached 16,587.0 billion yuan, up by 24.5 percent while that in rural areas was 2,635.8 billion yuan, up by 20.5 percent. Of the total investment in fixed assets in urban areas, that in the primary industry, the secondary industry and the tertiary industry went up by 17.7 percent, 22.0 percent and 26.7 percent respectively. The investment in eastern, central and western regions grew by 21.5 percent, 27.1 percent and 26.5 percent respectively. In the first three quarters of this year, the investment in real estate development was 3,351.1 billion yuan, up by 36.4 percent year-on-year.

4. Sales on domestic markets enjoyed steady and fast growth and the popular commodities maintained high sales. In the first three quarters of this year, the total retail sales of consumer goods reached 11,102.9 billion yuan, a year-on-year rise of 18.3 percent. The retail sales in cities reached 9,598.7 billion yuan, up by 18.7 percent, and the retail sales in rural areas stood at 1,504.1 billion yuan, up by 15.8 percent. Grouped by consumption patterns, the income of catering industry was 1,263.2 billion yuan, up by 17.6 percent; that of retail sales of commodities, 9,839.7 billion yuan, up by 18.4 percent. In particular, the retail sales by businesses above designated size reached 4,094.5 billion yuan, up by 29.3 percent. Rapid growth was registered in emerging areas for consumption: the sales of motor vehicles rose by 34.9 percent; that of furniture went up by 38.4 percent, and that of household appliances and audio-video equipment grew by 28.1 percent.