On October 18, Gelonghui compiled the important macroeconomic data for China in September 2024 as follows: 1. China's GDP in the third quarter was 33,291 billion yuan, a year-on-year increase of 4.6%, with an expected value of 4.5% and a previous value of 4.7%; a quarter-on-quarter increase of 0.9%, with an expected value of 1% and a previous value of 0.7%. China's GDP for the first three quarters was 94,974.6 billion yuan, calculated at constant prices, with a year-on-year growth of 4.8%. 2. China's per capita disposable income for urban residents in the first three quarters was 30,941 yuan, a nominal year-on-year increase of 5.2% compared to the same period last year, with real growth of 4.9% after deducting price factors. Urban residents' per capita consumption expenditure in the first three quarters was 20,631 yuan, a nominal year-on-year increase of 5.6% compared to the same period last year, with real growth of 5.3% after deducting price factors. 3. China's national urban survey unemployment rate in September was 5.1%, a decrease of 0.2 percentage points from the previous month. The average national urban survey unemployment rate for the first three quarters was 5.1%, a decrease of 0.2 percentage points year-on-year. 4. China's value-added industrial output above a designated size increased by 5.4% year-on-year in September, with an expected value of 4.5% and a previous value of 4.5%. It increased by 0.59% month-on-month. From January to September, value-added industrial output above a designated size increased by 5.8% year-on-year. 5. China's total retail sales of consumer goods in September were 4,111.2 billion yuan, a year-on-year increase of 3.2%, with an expected value of 2.5% and a previous value of 2.1%. From January to September, total retail sales of consumer goods were 35,356.4 billion yuan, up by 3.3% year-on-year. 6. Fixed asset investment (excluding rural households) in China from January to September was 37,897.8 billion yuan, a year-on-year increase of 3.4% (expected 3.3%, previous value 3.4%). Looking at it on a monthly basis, fixed asset investment (excluding rural households) increased by 0.65% in September. 7. Real estate development investment in China from January to September was 7,868 billion yuan, a decrease of 10.1% year-on-year. 8. The sales area of newly constructed commercial residential buildings from January to September was 702.84 million square meters, a decrease of 17.1% year-on-year, with the residential sales area decreasing by 19.2%. The sales value of newly constructed commercial residential buildings was 6,888 billion yuan, a decrease of 22.7%, with the residential sales value decreasing by 24.0%. By the end of September, the area of commercial residential buildings available for sale was 731.77 million square meters, an increase of 13.4% year-on-year. Among them, the area of residential properties available for sale increased by 20.8%. 9. In September, the output of industrial electricity by enterprises above a designated size in China was 802.4 billion kilowatt-hours, a year-on-year increase of 6.0%, with growth accelerating by 0.2 percentage points compared to August. From January to September, the output of industrial electricity by enterprises above a designated size was 7,056 billion kilowatt-hours, a year-on-year increase of 5.4%. 10. New RMB loans in China from January to September amounted to 16.02 trillion yuan, including an increase in household loans of 1.94 trillion yuan. Calculated based on previous values, new RMB loans in September amounted to 1.59 trillion yuan, a significant increase from 900 billion yuan in August, with new household loans in September amounting to 0.5 trillion yuan. 11. The increment in social financing scale in China from January to September was 25.66 trillion yuan, 3.68 trillion yuan less than the same period last year, which was 21.9 trillion yuan from January to August this year. Based on this, new social financing in September was 3.76 trillion yuan, continuing to increase from the previous 3.03 trillion yuan. 12. In September, M2 money supply in China increased by 6.8% year-on-year, exceeding the market's expected 6.4% and the previous value of 6.3%; M1 money supply in China in September decreased by 7.4% year-on-year, further expanding from the 7.3% decrease in August. 13. In September, China's CPI increased by 0.4% year-on-year, with an expected value of 0.6% and a previous value of 0.6%. Month-on-month, it remained the same, with an expected value of 0.4% and a previous value of 0.4%. 14. In September, China's PPI decreased by 2.8% year-on-year, with an expected value of -2.5% and a previous value of -1.8%. Month-on-month, it decreased by -0.6% compared to the previous value of -0.7%. 15. In RMB terms, China's exports in September amounted to 2165.3 billion yuan, with a year-on-year growth rate slowing to 1.6%, down from the previous 8.40%; imports were 1,582.68 billion yuan, a year-on-year decrease of -0.5%, compared to 0.00% previously. China's trade surplus in September was 582.62 billion yuan, down from 649.34 billion yuan in the previous period. 16. In USD terms, China's exports and imports in September fell below expectations, with exports at 303.712 billion USD, a year-on-year increase of 2.4%, marking the slowest growth rate in 5 months, below the expected 6%, and previous 8.70%; imports were 222.001 billion USD, a year-on-year increase of 0.3%, lower than the expected 0.9% and previous 0.50%. China's trade surplus in September was 81.71 billion USD, lower than the expected 89.8 billion USD and previous 91.02 billion USD. 17. China's official manufacturing PMI in September was 49.8, higher than the expected 49.5 and the previous 49.1. 18. China's foreign exchange reserves at the end of September were 3,316.4 billion USD, rising by 28.2 billion USD from the end of August, an increase of 0.86%. 19. China's gold reserves at the end of September reported 72.8 million ounces (approximately 2,264.33 tons), maintaining the same level for the 5th consecutive month, after 18 months of continuous increase in gold reserves.