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In the first three quarters of 2009, the various localities and departments have conscientiously implemented the arrays of plans by the central government and the State Council on dealing with the international financial crisis and maintaining stable and fast development of the economy. We have attained obvious achievements, and further strengthened the steady upturn trend of the economy. The overall situation of national economy was good.
According to preliminary estimation, the gross domestic product (GDP) of China in the first three quarters of this year was 21,781.7 billion yuan, a year-on-year increase of 7.7 percent, which was 0.6 percentage points higher than that in the first half of this year. In terms of growth by quarters, it was up 6.1 percent for the first quarter, 7.9 percent for the second, and 8.9 percent for the third quarter. In terms of growth by sectors, the value added of the primary industry was 2,250.0 billion yuan, up by 4.0 percent; that of the secondary industry was 10,647.7 billion yuan, up by 7.5 percent; and that of the tertiary industry was 8,884.0 billion yuan, up by 8.8 percent.
1. The situation of agricultural production was steady with expected bumper harvest of grain. Given the increase of summer grain for six consecutive years, the total output of early rice reached 33.27 million tons, an increase of 1.67 million tons over that in the same period of last year, up 5.3 percent. A bumper harvest of the grain for the whole year is to be achieved. The output of meat maintains steady growth, with 52.80 million tons of port, beef and mutton output in the first three quarters, up by 5.6 percent. Of this total, the output of pork was 34.95 million tons, up by 6.3 percent; the total stock of pigs was 468 million, up 2.2 percent, while the number of slaughtered pigs was 463 million, up by 6.4 percent.
2. The growth rate of industrial production increased on a quarterly basis and the decrease rate of profits made by industrial enterprises slowed down. In the first three quarters of this year, the total value added of the industrial enterprises above designated size was up 8.7 percent year-on-year, or 6.5 percentage points lower than that in the same period of last year. Of this total, the growth in the first quarter was 5.1 percent, the second quarter 9.1 percent, and that in the third quarter was 12.4 percent. Analysis on different types of enterprises showed that the value added growth of the state-owned and state holding enterprises went up by 4.1 percent; collective enterprises, 7.9 percent; share-holding enterprises, 11.0 percent; and 3.4 percent growth for enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan province. The year-on-year growth of heavy industry was 8.7 percent, and 8.7 percent for the light industry. Among the 39 industrial divisions, all were increased over the same period of last years. In terms of different areas, the growth in eastern, central and western regions went up by 7.5 percent, 8.7 percent and 13.8 percent respectively. The production and market of industrial products went on well. In the first three quarters of this year, the sales ratio of industrial products was 97.43 percent.
In the first eight months of this year, the profits made by industrial enterprises above designated size stood at 1,674.7 billion yuan, a year-on-year decrease of 10.6 percent, narrowed down by 12.2 percentage points as compared with that from January to May. Among the 39 industrial divisions, 36 divisions registered narrowed year-on-year growth or decrease with profits.
3. Investment in fixed assets enjoyed fast growth with acceleration of growth in investment in real estate. In the first three quarters of this year, the investment in fixed assets of the country was 15,505.7 billion yuan, a year-on-year growth of 33.4 percent, or a rise of 6.4 percentage points as compared with the growth in the same period last year. The investment in urban areas reached 13,317.7 billion yuan, up by 33.3 percent or 5.7 percentage points higher while that in rural areas was 2,188.0 billion yuan, up by 33.6 percent, or a rise of 10.3 percentage points. The investment in the primary industry, secondary industry and the tertiary industry in urban areas went up by 54.8 percent, 26.9 percent and 38.1 percent respectively. In terms of the areas, the investment in eastern, central and western regions grew by 28.1 percent, 38.3 percent and 38.9 percent respectively. The investment in infrastructures was increased by a large margin. In the first three quarters, the investment in infrastructure (excluding electricity) went up by 52.6 percent, of which, that in the railway transportation, up by 87.5 percent, that in road transportation, up by 50.7 percent, and that in health, social security and social welfare up by 72.9 percent. In the first three quarters, the investment in real estate development was 2,505.0 billion yuan, up by 17.7 percent year on year, or a 7.8 percentage point higher than that in first half of this year.
4. Sales on domestic markets continued to steadily accelerate with higher growth rate at or below county level than that in cities. In the first three quarters, the total retail sales of consumer goods reached 8,967.6 billion yuan, a year-on-year rise of 15.1 percent; the real growth was 17.0 percent after deducting the price factors, which was 2.8 percentage points higher than that in the same period last year. The retail sales in cities reached 6,101.3 billion yuan, up by 14.8 percent, and the retail sales at and below county level stood at 2,866.3 billion yuan, up by 16.0 percent. Grouped by different sectors, the sale by wholesale and retail businesses was up by 15.0 percent and that by lodging and catering industry was up by 17.4 percent. Among the sales by wholesale and retail businesses above designated size, apart from the telecommunication devices, the sales of all the other 20 categories of commodities realized positive growth. Of these, the sale of furniture increased by 32.3 percent, and that of the automobile up by 24.5 percent.
5. The month-on-month changes of consumer price and producers
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 20248MB bearing | 240 | 440 | 72 |
| 20244MB bearing | 220 | 400 | 65 |