Dynamic Data of China's Macro Economy in the First Three Quarters of 2009Since the beginning of this year, China has successfully carried out the package plan on proactively combating the international financial crisis and promoting the rapid and steady growth of the economy, resulting in the steady upturn in the economy. According to preliminary calculations, during the first three quarters the GDP reached 21781.7 billion yuan, a year-on-year increase of 7.7% calculated at comparable price and the increase rate was 0.6 percentage points higher than the first half of the year, with a 6.1% rise in the first quarter, 7.9% in the second quarter and 8.9% in the third quarter. During the first three quarters, the added value of the primary industry reached 2250 billion yuan, up by 4.0%; the added value of the secondary industry reached 10647.7 billion yuan, up by 7.5%; the added value of the tertiary industry reached 8884 billion yuan, up by 8.8%.

Industry

Industrial Growth in the First Three Quarters of 2009（%）

Growth of Industrial Added Value of Enterprises under Different Economic Sectors in the First Three

Industrial production accelerated quarter by quarter and the enterprises saw a slight upturn or reduction of their profits. During the first three quarters, the added value of the industries above the designated size increased by 8.7%, year on year, and the increase rate was down by 6.5 percentage points over the same period of the previous year, with a 5.1% rise in the first quarter, 9.1% in the second quarter and 12.4% in the third quarter. The increase rate of industrial production reached 13.9% in September, which witnessed the fastest growth as of the beginning of the year, and the industrial production had maintained a double-digit growth for successive four months. During the first three quarters, both heavy industry and light industry grew by 8.7%, up by 2.1 percentage points and 0.5 percentage points respectively compared with the first half of the year, but the increase rate of the production of heavy industry was higher than that of light industry. In terms of economic category, the added value of the state-owned and the state-holding enterprises grew by 4.1%, that of collectively-owned enterprises up by 7.9%, that of joint-stock enterprises up by 11.0% and that of foreign-invested and the Hong Kong, Macao and Taiwan-invested enterprises up by 3.4%.

In terms of industry, the 39 major industrial categories all realized a year-on-year growth. By region, the industrial production of China's eastern region grew by 7.5%, that of the central region up by 8.7% and that of the western region up by 13.8%. The ratio of sales to production of industrial products turned out good, with the selling rate of industrial products during the first three quarters hitting 97.43%.

From January to August, the nationwide industries above the designated size realized a profit of 1674.7 billion yuan, down by 10.6% year on year, a decrease of 12.2 percentage points compared with the decrease from January to May. Of 39 major industrial categories, 36 industries saw a slight rise or fall in their profits. Of these industries, the added value of the transportation equipment manufacturing industry increased its profit by 21.5%, that of the general-purpose equipment manufacturing industry up by 8.4%, that of the special equipment manufacturing industry up by 8.0%, that of the electric machinery and equipment manufacturing industries up by 9.6%, that of the chemical fiber industry up by 53.4%, that of the rubber industry up by 53.9%, that of the building material industry up by 21.8%, that of the textile industry up by 10.1% and that of the agricultural and sideline products processing industry up by 17.4%, while the oil exploration industry's profit dropped by 68.3% from a year ago, that of the steel industry down by 62.9%, that of the non-ferrous industry down by 49.9%, that the electronic industry down by 31.4%, that of the chemical industry down by 8.8% and that of the papermaking industry down by 4.8%.

During the first three quarters, export delivery value of industrial products decreased by 14.7%, year on year, a decrease of 0.8 percentage points as compared to the figure during the first half of the year; the value of exports of industrial products in September dropped by 9.9%, a decrease of 5.5 percentage points lower than August.

Fixed Asset Investment

Growth of Fixed Assets Investment in the First Three

The fixed asset investment grew rapidly and the growth of real estate investment was accelerated. During the first three quarters, the fixed asset investment of the whole society amounted to 15505.7 billion yuan, up by 33.4%, year on year, an increase of 6.4 percentage points over the same period of last year. Of this total, the urban fixed asset investment reached 13317.7 billion yuan, up by 33.3%, an increase of 5.7 percentage points; the rural fixed asset investment reached 2188 billion yuan, up by 33.6%, an increase of 10.3 percentage points.

State-owned investment, while propelling the growth of non-state-owned investment and social investment, also saw a rapid growth. During the first three quarters, the state-owned and state-holding investment rose by 38.8%, pushing forward the investment growth by 16.1 percentage points; the non-state-owned and non-state-holding investment rose by 29.5%, pushing up the investment growth by 17.3 percentage points. By industry, the investment in primary, secondary and tertiary industries grew by 54.8%, 26.9% and 38.1% respectively.

During the first three quarters, the investment in infrastructure (excluding electric power) grew by 52.6%, of which investment in rail transportation industry grew by 87.5%; investment in road transportation industry grew by 50.7%; investment in public health, social security and social welfare grew by 72.9%. During the first three quarters, the investment in real estate development amounted to 2505 billion yuan, up by 17.7% over the last year, an increase of 7.8 percentage points compared with the first half of the year, with a 37.1% rise in September, an increase of 3.2 percentage points compared with August, showing an upturn for five successive months. By region, the investment in China's eastern region grew by 28.1%; the investment in the central region grew by 38.3%; the investment in the western region grew by 38.9%.

Finance

Growth of Money Supply in the First Three Quarters of 2009 （RMB 100 million yuan，%）

Money supply grew fast and loan of financial institutions continued to increase. By the end of September 2009, the balance of broad money supply (M2) had reached 58.5 trillion yuan, up by 29.3% from a year ago, an increase of 11.5 percentage points compared with the end of last year; the balance of narrow money supply (M1) had reached 20.2 trillion yuan, up by 29.5%, an increase of 20.5 percentage points; the balance of the money in circulation on the market (M0) had reached 3678.8 billion yuan, up by 16.0%, an increase of 3.3 percentage points. During the first three quarters, the net money release amounted to 256.9 billion yuan, up by 96.5 billion yuan year on year.

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