(Fighting against New Coronary Pneumonia) China's economic war "epidemic" records: GDP data of 31 provinces in the first quarter revealed the pressure to rebound
China News Agency, Beijing, April 29 (Reporter Wang Enbo) The GDP data of China's 31 provinces in the first quarter of this year have been fully disclosed. Under the influence of the epidemic, the economy of most provinces showed negative growth, but the rebound momentum is also being saved.
In the first quarter of this year, China's GDP fell by 6.8% year-on-year. A reporter from China News Service found that at the local level, 30 provinces had negative GDP growth in the first quarter.
Specifically, the top ten GDP growth rates in the first quarter were all central and western provinces, with Tibet at the top of 1.0%, followed by Xinjiang at -0.2%, and Hunan and Guizhou tied for third with -1.9%. The other top ten "players" are: Qinghai, Ningxia, Sichuan, Guangxi, Gansu and Jiangxi. At the other end of the list, Hubei, Tianjin, and Heilongjiang ranked the last three, with growth rates of -39.2%, -9.5%, and -8.3%, respectively.
From the perspective of total GDP, in the first quarter, both Guangdong and Jiangsu entered the "2 trillion club", which was 2.25 trillion yuan (RMB, the same below) and 2.10 trillion yuan. The four provinces of Shandong, Henan, Sichuan and Fujian have also crossed the trillion yuan mark. The total GDP of Hubei in the first quarter was 637.9 billion yuan, ranking 13th in the country, and falling 6 places compared to last year.
It is worth noting that the central and western provinces with relatively weak development foundations have now become China's fastest-growing regions. In particular, provinces in the western region were relatively less affected by the epidemic, occupying eight of the top ten in the first quarter of growth.
Chen Yao, deputy chairman and secretary general of the China Regional Economics Association, said that from a regional perspective, towns with a higher population concentration are more affected by the epidemic than villages with relatively scattered populations, and the economies of developed regions are more affected than those of less developed regions , Which conforms to the law of gradient development. Many western provinces are underdeveloped, with vast land and few people, and some resource industries can still operate normally during the epidemic, so they are less affected.
In addition, the current trend of migrant workers returning from large cities in the east to small and medium-sized cities in the central and western regions and even in the county area. The higher level of labor localization also helps enterprises in the central and western regions to resume work and production to a certain extent.
On the other hand, the different levels of shocks in different regions are also related to the economic structure. Zhang Jianqing, a professor at the School of Economics and Management of Wuhan University, said that the eastern coastal region ’s foreign trade and foreign investment accounted for more than 80% of the country. When global foreign trade and transnational investment are under pressure due to the epidemic, the most direct impact of the epidemic is related industries and enterprises in the region. .
In contrast, the central and western provinces have a relatively low level of economic outbound, and poor export exports have little impact on the overall economy.
Take the western province of Guizhou as an example. Since 2011, its economic growth rate has been at the forefront of China for 37 consecutive quarters. Among the traditional pillar industries in the province, tobacco and alcohol, the most advantageous and stable growth engine, are still eye-catching this year. In the first quarter, the added value of Guizhou's tobacco industry increased by 22.3% year-on-year, driving the province's above-scale industrial growth by 2.9 percentage points; the wine manufacturing industry's added value in March increased substantially by 35.5% year-on-year, and the first quarter increased by 5.8%, driving the province's above-scale industrial growth 1.9 percentage points.
After resisting the shock, the next task is to recover. With some traditional kinetic energy blocked, new kinetic energy such as the digital economy has become an important starting point for all regions to promote economic rebound.
Wang Meifu, chief statistician of the Zhejiang Provincial Bureau of Statistics, revealed that the province ’s profitable service industry performed well in the first quarter, of which the added value of the information transmission, software and information technology service industries rose by 9.7% against the trend. The cloud economy and the home economy are booming. Health codes, etc. are quickly rolled out, which has a chain effect and effectively helps the service industry to resume production. According to Zeng Junlin, chief economist of the Sichuan Provincial Statistics Bureau, the province's digital economy is surging against the trend and achieving high-speed growth of more than 20%.
In response to the new demands, new models, and new industries that have been caused by the epidemic, Hubei Province recently issued "Several Policies and Measures to Promote the Acceleration of Economic and Social Development", which also proposes to develop the digital economy in many ways, including supporting the new economy Business development, vigorously promote online consumption, and accelerate the construction of informatization projects.
Ren Zeping, chief economist of Evergrande Group, said that against the backdrop of the fight against the epidemic and the depression of the industry, China's digital economy has demonstrated strong competitiveness. The post-epidemic era will greatly promote the prosperity and development of the digital economy, and the new infrastructure and new economy are expected to lead a new round of industrial revolution. (Finish)