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China’s overall economy beat expectations and grew by 3.9 per cent in the third quarter compared with a year earlier, although local officials did not reveal quarterly data for the third quarter.
中国第三季度整体经济超出预期，同比增长 3.9%，不过地方官员没有透露三季度具体数据。
The strict implementation of China’s zero-Covid policy in first-tier cities has proven to be a major obstacle to economic recovery, while second-tier and third-tier cities became a main driver, said Peng Peng, executive chairman at the Guangdong Society of Reform.
广东省工商联执行会长彭鹏表示，一线城市严格执行防疫政策，经济增长有所放缓，二三线城市成为中国经济复苏主要动力。
Beijing’s GDP grew by 0.8 per cent in the first three quarters this year compared to the same period last year, while Shanghai’s economy showed a slight rebound and recorded a 1.4 per cent decline.
北京今年前三季度GDP同比增长0.8%，而上海经济小幅回升，同比下降1.4%（上半年下降 5.7%）。
This week, Shanghai Disney Resort was closed for the second time this year after October’s closure of Universal Beijing Resort.
本周，上海迪士尼度假区继 10 月北京环球度假区后，今年第二次关闭。
“If neither the new cases or the Covid control policies improve, it’s possible that the economy could continue to go down,” he said.“But if pandemic control and economic recovery can be balanced, confidence could be slowly restored.”
“如果无法控制疫情，经济可能会继续下滑。但如果能够平衡防疫和经济，信心就会慢慢恢复。”
In Guangdong province, Guangzhou and Shenzhen recorded growth of 2.3 per cent and 3.3 per cent, respectively, in the first three quarters of the year.
在广东省，广州和深圳在今年前三季度分别录得2.3%和3.3%的增长。
A total of 27 of China’s 31 provincial-level jurisdictions have revealed GDP figures for the first three quarters, with 16 performing better than the national average and central and western regions reporting relatively faster recoveries.
中国31个省级行政区中，前三季度有27个省公布了GDP数据，其中16个省市表现好于全国平均水平，中西部地区恢复较快。
Of the 27, the central Shanxi province recorded the highest growth rate in the first three quarters of the year at 5.3 per cent, with the northern autonomous regions of Inner Mongolia and Ningxia also on the top five, largely propped up by a growth in energy production.
在这 27 个省份中，山西前三季度增长率最高，为 5.3%，内蒙古和宁夏也位列前五，这些省份主要得益于能源需求上升。
Coal production in Shanxi, a main coal-producing region, grew by 10.5 per cent in the first three quarters, while its unconventional gas production grew by 13.8 per cent.
前三季度，煤炭大省山西煤产量增长10.5%，天然气产量增长13.8%。
Coal production in Inner Mongolia and Ningxia also grew by 15.6 per cent and 11 per cent, respectively, in the first nine months of the year.
前三季度，内蒙古和宁夏的煤炭产量也分别增长了 15.6% 和 11%。
Southeastern Fujian province saw a 23.2 per cent increase in investment in the manufacturing sector in the first nine months of the year, helping its GDP grow by 5.2 per cent. Its infrastructure investment also grew 14.4 per cent in the same period.
前三季度，福建制造业投资增长23.2%，推动其GDP增长5.2%。同期，其基础设施投资也增长了 14.4%。
In the eastern Jiangxi province, where its economy grew by 5 per cent, industrial added value grew by 7.4 per cent in the first three quarters, while added value of new electric vehicles and solar panels grew 118 per cent and 113 per cent, respectively.
在经济增长5%的江西，前三季度工业增长7.4%，而新型电动汽车和太阳能电池板分别增长118%和113%。
But despite a pickup in third quarter GDP, high frequency data in October pointed to continued weakening in economic activity, due to further decline in services activity, after virus curbs in many cities were tightened.
尽管三季度 GDP 有所回升，但 10 月高频数据显示，由于服务活动进一步下滑，经济活动依旧疲软。
“Wider headwinds continue to grow. The housing market is still stuck in a downward spiral, global demand is set to cool further, and the weak renminbi is constraining the PBOCs ability to provide policy support,” said a Capital Economics report published last week.
凯投宏观上周发布的一份报告称，“经济增长遇到更多阻力：房地产市场仍陷于困境，全球需求进一步降温，人民币疲软限制了央行提供政策支持的能力。” |
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发表于 2022-12-10 22:11:02
