First, agricultural production showed good growth momentum, and the production of animal husbandry grew fast.
In the first three quarters, the value added of agriculture (crop farming) increased by 3.4% year on year, with an average two-year growth of 3.6%. The total output of summer grain and early rice amounted to 173.84 million tons (347.7 billion jin), 3.69 million tons (7.4 billion jin) more than that of last year, up 2.2%. The sown area for autumn grain remained stable with an increase. Of the total, the sown area for corn increased considerably; major crops for autumn grain grew well and another bumper harvest is on the horizon. In the first three quarters, the output of pork, beef, mutton, and poultry reached 64.28 million tons, up 22.4% year on year. Of the total, the output of pork, mutton, beef and poultry increased by 38%, 5.3%, 3.9% and 3.8% year on year respectively. The output of milk went up by 8%, and that of eggs decreased by 2.4%. At the end of the third quarter, the number of pigs registered was 437.64 million, up 18.2% year on year, among which 44.59 million were breeding sows, up 16.7%.
Second, industrial production continued to increase, and business efficiency improved steadily.
In the first three quarters, the total value added of industrial enterprises above the designated size increased by 11.8% year on year, with an average two-year growth of 6.4%. In September, the total value added of industrial enterprises above the designated size went up by 3.1%, with an average two-year growth of 5%; an increase of 0.05% month on month. In terms of sectors, in the first three quarters, the value added of mining increased by 4.7%, that of manufacturing increased by 12.5%, and the production and supply of electricity, thermal power, gas and water increased by 12%. The value added of high-tech manufacturing increased by 20.1% year on year, with an average two-year growth rate of 12.8%. In terms of products, in the first three quarters, the production of new energy vehicles (NEVs), industrial robots and integrated circuits increased by 172.5%, 57.8% and 43.1%, with the average two-year growth of all exceeding 28%. By types of ownership, in the first three quarters, the value added of state holding enterprises increased by 9.6% year on year; that of share-holding enterprises was up by 12%; that of enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan increased by 11.6%; and that of private enterprises increased by 13.1%. In September, the Manufacturing Purchasing Managers' Index (PMI) hit 49.6%, of which the PMI of high-tech manufacturing was 54%, a 0.3 percentage point higher than that of last month. The Production and Operation Expectation Index stood at 56.4%.
In the first eight months, the profit made by industrial enterprises above the designated size totaled 5.61 trillion yuan, up 49.5% year on year, or an average two-year growth of 19.5%. The profit rate of the business revenue of industrial enterprises above the designated size stood at 7.01%. This represents an increase of 1.2 percentage points year on year.
