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On October 24, the Jiangsu Provincial Bureau of Statistics released the province’s report card for the first three quarters. According to the unified calculation results of regional GDP, the province’s regional GDP in the first three quarters was 9774.43 billion yuan, a year-on-year increase of 5.7% at constant prices. Among them, the added value of the primary industry was 283.81 billion yuan, a year-on-year increase of 2.6%; the added value of the secondary industry was 4241.32 billion yuan, an increase of 6%; and the added value of the tertiary industry was 5249.3 billion yuan, an increase of 5.6%.From the overall performance, the province’s economic operation has been stable with progress, and the GDP growth rate is basically the same as in the first half of the year; especially in September, most major indicators showed a positive growth trend, market expectations steadily improved, and the positive factors driving the economic recovery have accumulated and increased; production and demand have grown steadily, employment and prices have been generally stable, new quality productivity has developed steadily, and high-quality development has been solidly promoted.In terms of agriculture, the total output value of agriculture, forestry, animal husbandry and fishery in the province reached 549.32 billion yuan in the first three quarters, an increase of 3.3% year-on-year at comparable prices. The overall agricultural production situation in Jiangsu Province is good, and animal husbandry has also maintained steady development. Driven by the rush to harvest and plant in the “three summers”, autumn grain production is generally stable, laying a solid foundation for agricultural production throughout the year. Specifically, the output of pork, beef, mutton and poultry reached 2.381 million tons, an increase of 0.1% year-on-year. Among them, the output of beef and poultry increased by 11.1% and 9% respectively, showing the optimization of the animal husbandry structure and the improvement of quality.Industrial production grew rapidly, and the contribution of equipment manufacturing industry increased. In the first three quarters, the added value of industrial enterprises above designated size in the province increased by 7.9% year-on-year. In terms of the three major categories, the added value of mining industry increased by 17.8% year-on-year, the manufacturing industry increased by 7.5%, and the production and supply of electricity, heat, gas and water increased by 12.5%. In terms of economic types, joint-stock enterprises increased by 8.1% year-on-year, foreign-invested enterprises and Hong Kong, Macao and Taiwan-invested enterprises increased by 7.6%, state-controlled enterprises increased by 7.2%, and private enterprises increased by 8.7%.
In terms of industry, among the 40 major industrial categories listed, 34 industries had a year-on-year increase in added value, and the industry growth rate was 85%, an increase of 2.5 percentage points over the first half of the year.
The consumer market has grown steadily, especially online retail sales. In the first three quarters, the province’s total retail sales of consumer goods reached 3,538.44 billion yuan, a year-on-year increase of 4.5%. By location of business units, urban consumer goods retail sales reached 3,088 billion yuan, a year-on-year increase of 3.9%; rural consumer goods retail sales reached 450.44 billion yuan, an increase of 8.4%. Online retail sales have shown good growth. In the first three quarters, the province’s online retail sales reached 922.03 billion yuan, a year-on-year increase of 7.5%.Judging from the fixed asset investment data, infrastructure investment has grown rapidly. In the first three quarters, the province’s fixed asset investment increased by 2.4% year-on-year. Infrastructure investment increased by 10.1% year-on-year, of which investment in infrastructure projects of more than 500 million yuan and more than 1 billion yuan increased by 15.3% and 12.8% respectively; manufacturing investment increased by 9.6%, of which general equipment manufacturing, metal products industry, and automobile manufacturing industry increased by 24%, 25.9%, and 17.6% respectively; real estate development investment decreased by 9%, and the decline narrowed by 0.5 percentage points compared with the first half of the year. Private investment increased by 4.6% year-on-year, of which private manufacturing investment increased by 12.7%.Residents’ income has achieved stable growth. In the first three quarters, the per capita disposable income of all residents was 42,307 yuan, a year-on-year increase of 5%. The per capita disposable income of urban residents was 50,801 yuan, a year-on-year increase of 4.5%; the per capita disposable income of rural residents was 24,529 yuan, an increase of 6.3%.
The per capita income ratio of urban and rural residents was 2.07, which was 0.04 smaller than the same period last year.It is worth mentioning that emerging industries are developing rapidly and demand potential is being released continuously. In the first three quarters, the output value of high-tech industries in the province accounted for 50.8% of the industrial output above designated size, an increase of 0.2 percentage points from the first half of the year; the added value of high-tech manufacturing industries above designated size increased by 9.6% year-on-year, 0.7 percentage points faster than the first half of the year; the added value of core manufacturing industries of digital products above designated size increased by 11%, 3.1 percentage points higher than the total industrial output above designated size. The “two new” policies continue to be effective. In the first three quarters, the province’s pure equipment purchase investment increased by 42.7% year-on-year, 38.9 percentage points faster than the first half of the year; the retail sales of new energy vehicles above the limit increased by 35.2%, driving the retail sales above the limit to increase by 2.4 percentage points.
