China’s economy showed sound momentum of recovery in the third quarter

China’s National Bureau of Statistics recently released data showing that in the third quarter of 2022, China’s economy grew by 3.9% year-on-year, and the national economy continued to recover from the crisis, which led to an improvement in the global economy.

China’s economic growth has caught the attention of the world, and many Iranian media and people are also concerned. I would like to share some important ideas and financial features in the third part:

First, the economic growth rate has stabilized and increased. Although China’s economy has fluctuated from month to month since the beginning of this year, it has generally continued to perform well. In the third quarter, GDP increased by 3.9% year-on-year, 3.5% faster than that in the second quarter, and increased by 3.9% quarter-on-quarter. China’s economy has overcome several unexpected challenges, and its main indicators have returned to stability and remain at a reasonable level. Good things have accumulated and increased, and the power to restore wealth and prosperity has increased.

China is willing to work with all countries, including Iran, to implement multilateralism, create open cooperation, and deal with the challenges and challenges facing the world economy.Second, consumer prices continue to rise slowly. With the support of a sustainable plan of growth and promotion of consumption, the full restoration of consumer demand continued, and its important role in economic development was gradually consolidated. The market has achieved impressive results in ensuring price availability and stability. In the third quarter, the CPI rose by 2.6% year-on-year. In the first three quarters, the CPI rose by 2%, which is very different from inflation in the United States and Europe, etc.

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Third, work is often permanent. Policies to support organizations to set up jobs and policies to support workers have been in place. The global urban unemployment rate reached 5.4% in the third quarter, down 0.4 percentage points from the second quarter. The working conditions in the third period were better than in the first and second periods. In September, the reported urban unemployment rate across the country was 5.5%, and the reported unemployment rate for people aged 16-24 and people aged 25-59 was 17.9% and 4.7% respectively. .

Fourth, reform and opening continued to grow. Expanding “delegation, regulation, and service” reforms and reducing agency costs. From January to August, 19.421 million new companies were established, a year-on-year increase of 3.2%. Actively support the development of new types of foreign trade and new models. In the third quarter, imports and exports of commercial goods grew by 11% year-on-year, 3.2 percent faster than in the second quarter. Foreign trade showed strong growth, which contributes to the stability of the macroeconomic market.

Fifth, income has been rising slowly. Policy-based development financing tools were established to support the construction of large projects, special refinancing and rebates were used to support infrastructure upgrades in other areas, and new strategies were used to increase efficiency. In the first three quarters, when the cost of housing development has decreased by 8%, the cost of buying fixed assets is still increasing by 5.9% per year, which the cost of damage and production has increased by 8.6% and 10.1% respectively.

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Sixth, the assurance of human life is strong and effective. China has been making continuous efforts to prevent and control the epidemic, it continued to implement a comprehensive unemployment insurance system, changed the price coordination system, increased subsidies, and provided one-time assistance and temporary assistance to the people. rare as payment. From January to August, investment in the financial sector increased by 14.1% year-on-year.

Seventh, the harvest is expected to yield more. In the first three quarters, the added value of agriculture (planting) grew by 3.8% per year. The total harvest of summer crops and upland rice increased by 3.08 billion cat compared to last year. The area sown to autumn crops has gradually increased, and yields are improving. It is expected that the annual production will continue to exceed 1.3 trillion.

Today China has the potential for economic development. The 20th National Congress of the Communist Party of China which was held recently made a plan to build a modern socialist country in all ways and promote the great rejuvenation of China in all ways. Since the beginning of this year, China’s economic development has encountered a very unusual path, and the economic activity has experienced downward pressures that have exceeded expectations. We launched a timely and decisive policy and measures to stabilize the economy. All the main principles are strong and effective, and flexible and appropriate, without fixing the future. We strive to ensure that services and prices are stable for the players in the market and keep the economy running smoothly. We will continue to strongly promote sustainable, healthy, and sustainable economic development. Today the world is in a time full of crisis and hope. In the face of global challenges and economic challenges, we must continue to follow the correct path of multilateralism and global economic integration, and promote the integration of development strategies. China adheres to the basic principles of an open country, and the open door will only expand. It will continue to improve the relationship between domestic and international markets and economies, continue to provide new opportunities for the world and China’s new development and promote the construction of an open world economy.

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Chinese President Xi Jinping emphasized at the opening ceremony of the 5th China International Import Expo that the road is ahead of us, and the bright future is looking forward. The road ahead may not be smooth, but no mountain is higher than people, and no road is longer than feet. China is willing to work with all countries, including Iran, to implement multilateralism, establish open cooperation, deal with the problems and challenges facing global economic growth, and ensure that our open commitment will bring great hope for the development of the world. .


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