Bloomberg News reporter:

I would like to ask the spokesperson for his views on the contribution of capital formation or net investment in fixed assets and the contribution of consumption and net exports to economic growth in the third quarter.

Sheng Laiyun:

​Thank you for your question. Everyone is very concerned about the contribution rate of the three major demands to GDP growth. In the first three quarters, final consumption expenditure contributed 83.2% to economic growth, driving GDP growth by 4.4 percentage points; gross capital formation contributed 29.8% to economic growth, driving GDP growth by 1.6 percentage points; net exports of goods and services contributed to economic growth The contribution rate is -13.0%, pulling down GDP by 0.7 percentage points. In the third quarter, as consumption continued to rebound, exports declined, and investment growth slowed down, the influence of the "troika" on economic growth changed slightly. In the end, the contribution rate of consumer spending to economic growth increased, reaching 94.8%, driving GDP growth by 4.6 percentage points; The contribution rate of total capital formation to economic growth was 22.3%, driving down GDP growth by 1.1 percentage points; the contribution rate of net exports of goods and services to economic growth was -17.1%, pulling down GDP by 0.8 percentage points. The above is the contribution rate of the three major demands to economic growth. Thanks.