At the press conference held by the Information Office of Chongqing Municipal People’s Government on October 22, Chongqing Municipal Bureau of Statistics and National Bureau of Statistics Survey Office in Chongqing jointly announced Chongqing’s economic performance in the first three quarters of this year, with its GDP reaching RMB 1607.36 billion, a year-on-year increase of 6.3%.

By industry, the added value of its primary sector reached RMB 102.99 billion, up by 3.4% annually, that of its secondary industry reached RMB 631.26 billion, up by 6.5%, and that of its tertiary sector reached RMB 873.11 billion, up by 6.4%.

Chongqing has seen steady growth in the economy, which meets expectations.

Chongqing has seen steady growth in the economy, which meets expectations. Specifically, stable growth has been achieved in agricultural production. The industrial marketplace has continued to develop well. Quality and efficiency have been improved in the service industry. The commercial and trade economy has expanded steadily.

The added value of industries above the designated size in Chongqing increases by 5.4%, with the mining industry of 2%, the manufacturing industry of 5.6% and the electricity, gas and water production and supply industry of 4.3%, respectively. Among Chongqing’s nine pillar industries, the materials industry and the electronics industry achieved double-digit growth, with growth rates of 16.9% and 13.2%, respectively. The added value of the high-tech manufacturing industry and strategic emerging manufacturing industry increased by 12.1% and 11.2%, respectively.

New products have achieved rapid growth, becoming a highlight in the development of an industrial economy.

Notably, new products have achieved rapid growth, becoming a highlight in the development of an industrial economy. In this respect, satellite navigation receivers increased by 200%, new energy vehicles by 23.3%, 3D printing equipment by 86.6%, electronic components by 24%, LCD by 38.9%, special equipment for prevention and control of environmental pollution by 10.9%, and tablet computers by 38.6%.

Generally, Chongqing has witnessed increasing economic resilience, accumulating new driving forces and improving market vitality, and kept an excellent upward trend in high-quality development. However, there are still unstable and uncertain factors in economic development. The problem of unbalanced and inadequate development remains. The foundation of sustainable and healthy development still needs to be consolidated. The improvement in quality and efficiency still faces tough tasks.

Source: Chongqing Daily