China's GDP in the first three quarters totaled nearly 94.975 trillion yuan (about 13.3 trillion U.S. dollars), by 4.8 percent year on year at constant prices, according to a senior official from the National Bureau of Statistics (NBS) on Friday.
Sheng Laiyun, deputy director of the NBS, briefed the operation of China's national economy in the first nine months of 2024 at a press conference held by the State Council Information Office in Beijing.
Divided by industries, the added value of the primary industry was more than 5.773 trillion yuan (811.9 billion U.S. dollars), up 3.4 percent year on year, while that of the secondary and the tertiary industries were over 36.136 trillion yuan (5,067.1 billion U.S. dollars) and over 53.065 trillion yuan (7,454.2 billion U.S. dollars), up 5.4 percent and 4.7 percent year on year respectively, according to Sheng.
On a quarterly basis, China's GDP grew by 5.3 percent, 4.7 percent and 4.6 percent in the three quarters, respectively, Sheng said.
The GDP in the third quarter grew by 0.9 percent from the previous quarter, he said.
China's GDP up 4.8 percent in January-September: authorities
The decline in the prices of commercial residential homes in China's 70 large and medium-sized cities stabilized on a month-on-month basis in September, according to official data released on Friday.
In the country's first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, new home prices edged down by 0.5 percent, compared with a 0.3-percent drop in the previous month, according to the National Bureau of Statistics (NBS).
Second- and third-tier cities both registered declines of 0.7 percent month on month, with the former matching the decline from the previous month, while the latter improved from a 0.8-percent drop in August.
In September, prices of resale homes in first-tier cities fell by 1.2 percent month on month, with the decline widening by 0.3 percentage point compared to the previous month, the NBS said.
In the second- and the third-tier cities, resale home prices both fell by 0.9 percent month on month. In second-tier cities, the decline narrowed by 0.1 percentage point compared to the previous month, while in third-tier cities, the decline remained unchanged from the prior month.
China's home price decline stabilizes month on month in September: official data
