Gross Domestic Product (GDP) maintained a fast growth. According to preliminary calculation, during the first three quarters of the year, the Gross Domestic Product reached 14147.7 billion yuan, up 10.7% as compared with the same period of last year, showing 0.8 percentage pointsgreater than the same period of last year and falling 0.2 percentage points against the first half of the year. Of which, the added value of the primary industry amounted to 1557 billion yuan, up 4.9%; added value of the secondary industry amounted to 7049.6 billion yuan, up 13.0%; added value of the tertiary industry amounted to 5541.1 billion yuan, up 9.5%.

Industry

In the first three quarters of the year, industries above the designated size throughout the country (including all state-owned industrial enterprises and non-state industrial enterprises with the annual product sales income exceeding 5 million yuan, same below) completed an added value of 6222.1 billion yuan, up 17.2% over the same period last year, 0.9 percentage pointsgreater over the same period last year and declining 0.5 percentage points over the first half of the year. Of which, heavy industry fulfilled an added value of 4325.198 billion yuan, up 18.2%; the light industry fulfilled an added value of 1896.893 billion yuan, up 14.9%.

Among the industrial enterprises above designated size throughout the country, added value of the state-owned and state holding enterprises increased by 12.2%; added value of collectively-owned enterprises increased by 13.2%; added value of co-operative joint-stock enterprises increased by 16.7%; added value of joint-stock enterprises increased by 18.2%; added value of foreign and Hong Kong, Macao and Taiwan-invested enterprises increased by 17.8%.

By product category, output of such energy products as the volume of electricity and raw coal grew 12.9% and 11.7% respectively; output of pig iron and steel products grew 18.4% and 23.7%, respectively; output of mini-computers grew 34.7%; output of automobiles grew 24.0%, of which output of cars grew 41.5%. During the first three quarters of the year, selling rate of the industrial products above designated size amounted to 97.84%.

During the first three quarters of the year, industrial enterprises above designated size throughout the country fulfilled a profit of 1301.9 billion yuan, rising 29.6% over the same period of last year. Of which, state-owned and state holding enterprises realized a profit of 577.8 billion yuan, rising 20.1% over the same period last year; collectively-owned enterprises realized a profit of 38.8 billion yuan, up 31.1%; profits of the joint-stock enterprises amounted to 699.4 billion yuan, up 31.2%; profits of foreign and Hong Kong, Macao and Taiwan-invested enterprises totaled 364.3 billion yuan, up 27.7%; and profits of privately-run enterprises reached 193.3 billion yuan, up 52.5%.

Fixed Assets Investment

During the first three quarters of the year, fixed assets investment of the whole society registered 7194.2 billion yuan, up 27.3% as compared with the same period of last year, 1.2 percentage points greater compared with the same period of the previous year and declining 2.5 percentage points over the first half of the year. Of which, fixed assets investment in cities and towns amounted to 6188 billion yuan, up 28.2%, 0.5 percentage points greater year on year.

Of the fixed assets investment in cities and towns, investment in state-owned and state holding enterprises amounted to 2921.887 billion yuan, up 18.6%; investment in real estate development amounted to 1290.24 billion yuan, up 24.3%, 2.1 percentage points greater year on year.

By industries, investment in primary, secondary and tertiary industries amounted to 66.504 billion yuan, 2669.881 billion yuan and 3451.626 billion yuan, respectively, up 37%, 30.1% and 26.7% respectively, over the same period last year.

By trades and professions, investment in heavy industry increased by 30.2%, of which, investment in coal mining and ore dressing increased by 36.4%, investment in oil and gas extracting increased by 19.3%, investment in power, gas fuel and water production and supply increased by 16.1%, investment in railway transportation increased by 107.0%; investment in light industry increased by 36.5%, of which, investment in food manufacturing increased by 48.3%, investment in textile industry increased by 27.9%.

Finance

By the end of the third quarter, growth of money supply and loans declined, and favorable effects resulting from financial macro-control began to show up. By the end of September 2006, balance of broad money supply (M2) had amounted to 33190 billion yuan, up 16.83% as compared with the same period of last year, with the growth rate being 1.11 percentage points lower than that of last month and 1.09 percentage points lower than that of the same period last year and 0.74 percentage point lower than the end of last year. Balance of narrow money supply (M1) had amounted to 11680 billion yuan, up 15.7% over last year, with the growth rate being 0.13 percentage points higher than that of the previous month and 4.06 percentage points higher than the same period of last year and 3.92 percentage points higher than the end of last year. Balance of the money in circulation on the market (M0) had amounted to 2570 billion yuan, up 15.33% over last year. From January through September of this year, net cash delivered into circulation recorded 165.6 billion yuan, 85.1 billion more over the same period of last year.

Various kinds of deposits in financial institutions registered a less increase year on year. By the end of September, balance of various kinds of RMB and foreign exchange deposits in all financial institutions had amounted to 34050 billion yuan, up 16.39% as compared with the same period of last year. Balance of RMB deposits in financial institutions had amounted to 32780 billion yuan, up 17.15% over the same period of last year. From January through September, various kinds of RMB deposits increased by 4160 billion yuan, an increase of 490.4 billion yuan, year on year. Of which, deposits of the households increased by 1730 billion yuan. By the end of September, balance of foreign exchange deposits in financial institutions had amounted to 160.6 billion US dollars, up 2% year on year. From January through September, various kinds of foreign exchange deposits increased by 8.3 billion US dollars, an increase of 5.6 billion US dollars year on year.

By the end of September, excess reserve ratio of all financial institutions was 2.52%, 0.18 percentage points higher than the previous month and 1.46 percentage points lower than the same period last year and 1.69 percentage points lower than the end of last year. By the end of September, the national foreign exchange reserve had amounted to 987.9 billion US dollars, increasing by 169 billion US dollars over the beginning of the year.

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