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Nov 11, 2020

At 10 o'clock this morning, the State Information Office held a press conference, and the National Bureau of Statistics released the performance of the national economy in the first three quarters.

According to preliminary calculations, the gross domestic product 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 fell 6.8% year-on-year, the second quarter increased 3.2%, and the third quarter increased 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 GDP in the third quarter increased by 2.7%.

The situation of agricultural production is good, and autumn crops are expected to have another bumper harvest

In the first three quarters, the added value of agriculture (planting industry) increased by 3.8% year-on-year, and the growth rate was the same as that in the first half of the year; among them, the third quarter increased by 3.9%. The national output of summer grain and early rice totaled 17.0.1 million tons, an increase of 2.24 million tons over the previous year. The sown area of autumn grains has increased steadily, and the main autumn grain crops are growing well. Autumn grain production is expected to have another bumper harvest. The grain planting structure continued to be optimized, and the sown area of high-quality rice and soybeans was further expanded. In the first three quarters, the production of milk increased by 8.1% year-on-year, and the production of poultry and eggs increased by 5.1%; the production of pork, beef, mutton, and poultry decreased by 4.7%, and the rate of decline narrowed by 6.1 percentage points from the first half of the Pork production fell by 1.7%, 1.8%, and 10.8%, respectively, and the rate of decline was 1.7, 0.7, and 8.3 percentage points lower than the first half of the year. Live pig production has gradually recovered. At the end of the third quarter, the number of live pigs was 37.39 million, a year-on-year increase of 20.7%; among them, the number of breeding sows was 38.22 million, an increase of 28.0%.

The 3rd China Grain Trade Conference was held in Fuzhou, Fujian on October 19