Wang Baoan, head of China's National Bureau of Statistics (NBS), published a signed article titled "Adapting to and Guiding the New Normal with 'Upgraded Version' of Macro-control, " saying the Chinese economy strived to run in a reasonable band, the structural adjustment made sound progress, and new driving forces were generated.
NBS figures show that 10.66 million jobs were created in the first three quarters of this year, meeting this year's target one quarter in advance, and the surveyed unemployment rate stayed at around 5.1 percent. Consumer price index grew moderately by 1.4 percent year on year in the first 11 months of this year, and the residents' disposable income per capita increased 7.7 percent year on year in the first three quarters, outperforming the gross domestic product growth. In the meantime, emerging industries, new business patterns and models developed robustly.
In the first 11 months, the high-tech industrial value added rose 10.4 percent year on year, about 4.3 percentage points faster than the growth in value added by industrial enterprises with annual revenue of 20 million yuan or more, and online retail sales surged over 30 percent year on year, keeping a strong growth momentum.
Latest comments