The Fujian Provincial Bureau of Statistics has recently released data on Fujian's economic performance for the first three quarters of the year, revealing a stable economy with steady progress in high-quality development. This sets a strong foundation for continued growth throughout the year.

New quality productive forces are rapidly on the rise. In the first three quarters, the value added of high-tech manufacturing enterprises above the designated size in the province increased by 15.3% year-on-year. Notably, the aerospace and equipment manufacturing sector grew by 26.5%, electronics and communication equipment by 18.3%, and computer and office equipment by 11.7%.

Spending on people's livelihoods has seen consistent growth. In the first three quarters, Fujian's general public budget expenditure reached RMB 453.449 billion, a 2.3% increase from last year. Healthcare spending rose by 11.5%, environmental protection by 9.7%, general public services by 9.2%, and social security and employment by 7.3%.

Emerging service industries are expanding rapidly. From January to August, the leasing and business services sector achieved an operating income of RMB 247.329 billion (lag-adjusted indicator, same below), up 17.6% year-on-year. Information transmission, software, and IT services saw an 8.1% increase, with an operating income of RMB 188.663 billion, while scientific research and technical services grew by 9.6%, reaching RMB 33.051 billion.

Online retail remains vibrant, with sales from units above the designated size increasing by 18.4% year-on-year, accounting for 31.4% of total retail sales above the designated size. This marks a 3.2 percentage point increase from the same period last year, boosting overall retail sales by 5.3 percentage points.

Trade-in program-related categories maintained double-digit growth.. In the first three quarters, retail sales of household appliances and audio-visual equipment above the designated size surged by 39.7%, wearable smart devices by 48.5%, smart household appliances and audio-visual equipment by 25.6%, new energy vehicles by 25.8%, cultural and office supplies by 11.9%, and furniture by 15.9%.

The private sector continues to be a robust pillar of support. In the first three quarters, private industrial enterprises above the designated size saw an 8.0% increase in value added, outpacing the above-designated-size industrial growth rate by 1.0 percentage point. Private enterprises contributed 63.4% of the value added in the above-designated-size industry, accounting for 71.7% of its growth and driving it up by 5.0 percentage points.

Financial deposits and loans remain on the rise. By the end of September, the total balance of both domestic and foreign currency deposits in financial institutions across the province reached RMB 8,965.414 billion, up 8.7% year-on-year. The balance of all domestic and foreign currency loans stood at RMB 8,906.556 billion, reflecting a 2.9% growth.

Cargo transportation remains steady. In the first three quarters, the province's cargo volume hit 1,388.4303 million tons, up 2.7% year-on-year. Coastal port cargo throughput reached 559.5977 million tons, up 2.5%, while coastal port container throughput was 13.4061 million TEUs, a slight increase of 0.6%.