in the first three quarters of this year, china's gdp grew by 9.8%, the added value of industrial production above designated size increased by 11.8%, total retail sales of consumer goods increased by 16.4%, and 95% of the annual target for creating urban jobs was achieved... not long ago, the national bureau of statistics released economic data showing that china's national economy has continued to recover and major macro indicators are generally within a reasonable range.
the pace of global economic recovery has slowed down since the third quarter of this year due to repeated outbreaks, rising commodity prices and tight international shipping.
the economic and social system is a complex system with universal connections and multi-dimensions. under the influence of uncertain factors, external wind and rain may bring shock, economic data may have short-term fluctuations. however, the sustained recovery of the chinese economy towards high-quality development has not changed and will not change. we have firm confidence in the sound fundamentals of the chinese economy in the long run. to study and judge the chinese economy, we should not only pay attention to realistic data, but also maintain dialectical thinking and strategic focus, observe the general trend, plan for the overall situation and take a long-term view.
confidence is based on the fundamentals of sustained recovery. since the beginning of this year, china's national economy has continued to recover, the employment situation has been basically stable, personal income has continued to increase, the balance of payments has been maintained, the economic structure has been adjusted and improved, quality and efficiency have steadily improved, and the economy has operated within a reasonable range. behind each data is a vivid and concrete scene: fertile fields with bumper harvests, factories and workshops in full swing, ports and docks in a constant flow, bustling urban streets, and the continuously improving ecological environment... on the vast land of china, the people have a growing sense of gain, happiness and security, which has become a strong driving force for china's high-quality economic development.
confidence depends on china's super-large market advantage. a gdp of over 100 trillion yuan, more than 400 million middle-income groups, and 146 million market entities... the long-term accumulation of a solid material foundation, a complete industrial system, and a constantly improved business environment have strengthened the resilience of the chinese economy and expanded its space. during this year's national day holiday, unionpay transactions reached 2.72 trillion yuan, 515 million trips were made by domestic tourists, more than 83.5 million trips were made by railways, and the box office reached 4.385 billion yuan. in the first nine months of this year, china's paid-in foreign investment increased by 19.6% year on year. in the first three quarters, the total value of trade in goods reached 28.33 trillion yuan, up 22.7% year on year. as consumption picks up and investment continues to be attracted, the unique strength and charm of the chinese market are evident.
confidence comes from surging new growth drivers. the hualong 1 nuclear power plant has been put into commercial operation, the deep sea 1 super deep water gas field has been put into operation, and the manned spaceflight industry is receiving a lot of good news. innovation plays an exciting role and releases a steady stream of growth momentum. under the strong leadership of the cpc central committee with comrade xi jinping at its core and with its strong institutional advantages, china is constantly creating new miracles.
as a chinese saying goes, "will not be easy, things will not be asylum seekers." on our new journey, wind and rain is the norm, rain or shine is the state of mind, and both trials and hardships are the state of mind. by scientifically analyzing the situation, grasping the overall trend of development and moving forward regardless of rain or shine, we will ensure that the ship of the chinese economy will break through waves and move steadily and steadily forward.
source: state-owned assets and administration commission of the state council