Chinanews client, Beijing, July 29th (Reporter Li Jinlei) Under the impact of the new crown pneumonia epidemic, what changes have been made to China's economic landscape? With the release of all the GDP data of 31 provinces in the first half of the year, some quiet changes have also surfaced.

The GDP of 31 provinces in the first half of 2020. Drawing: Li Jinlei

  Let's look at the total GDP first.

"Su Daqiang" chased "Cantonese boss" wildly

  Over the years, Guangdong Province has consistently overwhelmed Jiangsu and firmly ranked first in GDP. Although Guangdong's GDP (4,922.42 billion yuan) in the first half of the year was still the first in the country, its economy continued to grow negatively in the first half of the year, down 2.5% year-on-year.

  Jiangsu, which ranked second, took the lead in achieving a positive economic turn from negative in the first half of the year. Unwilling to be second, "Su Daqiang" rushed to catch up, and the GDP gap with Guangdong has narrowed a lot.

  According to data, the gap between Jiangsu's GDP and Guangdong's GDP in the first half of 2019 was 373.7 billion yuan, while the gap was reduced to 251.1 billion yuan in the first half of this year, a sudden reduction of more than 120 billion yuan.

  You should now understand why Jiangsu had dispatched charter flights to grab people and resume work as early as February! The epidemic is in danger, and the early resumption of work and production is the time to narrow the gap.

  In the first half of 2019, Guangdong Province's GDP exceeded the 5 trillion yuan mark for the first time, and it was the first to break the 10 trillion yuan mark in the whole year. As the boss, I naturally don’t want to be caught up. However, the global epidemic is spreading, external demand is sluggish, and orders have dropped sharply. Guangdong, a major foreign trade province, is even more affected, and exports are declining, making Guangdong's manufacturing enterprises unable to use full capacity and economic growth. Was dragged down by the secondary industry.

  In the first half of the year, both the primary and tertiary industries in Guangdong and Jiangsu achieved positive growth, while in the secondary industry, Guangdong fell by 6.2% year-on-year, while Jiangsu only fell by 0.2%. At the same time, Guangdong's imports and exports in the first half of the year fell by 7.1% year-on-year, while Jiangsu only fell by 2.8% year-on-year.

GDP creative map.

Hubei was overtaken by Fujian, Hunan and Anhui

  From the perspective of the top 10 GDP, the ranking of some provinces has undergone major changes. Hubei, which was hit the most by the epidemic, was overtaken by Fujian, Hunan, and Anhui.

  Hubei's GDP in the first quarter fell sharply by 39.2% year-on-year, and the GDP in the first half of the year fell 19.3% year-on-year. The ranking dropped from the 7th at the end of 2019 to the 10th in the first half of the year.

  As a severely affected area, in order to stop the spread of the virus, Hubei’s economic and social development has taken a long time from “holding a pause” to “restarting and recovering”, which has naturally caused a drag on its GDP.

  In the first half of the year, the economy of Fujian, Hunan, and Anhui all achieved positive economic growth. Compared with the end of 2019, the ranking of the three provinces has improved, Fujian rose from 8th to 7th; Hunan rose from 9th to 8th ; And Anhui even squeezed into the top ten, rising from 11th to 9th.

  Why is Anhui so fierce?

  Statistics show that in the first half of the year, Anhui's industries above designated size changed from a decline of 5.3% to an increase of 2%, investment from a decline of 11.1% to an increase of 1%, and imports and exports from a decline of 4.2% to an increase of 5.5%. In particular, the industrial economy has recovered well and has made a greater contribution to overall economic growth.

  Recently, the article "China's best venture capital institution is actually the Hefei City Government" has been very popular recently, and some answers can be found in it. Introducing BOE to bet on panels, investing in Changxin/Zhaoyi Innovation to bet on semiconductors, and investing in Weilai to bet on new energy, Hefei was right.

  The Anhui Bureau of Statistics also stated that in the second quarter, the growth rate of the added value of high-tech manufacturing increased from 3% in the first quarter to 21.2%. Jiangxi Automobile Group and Volkswagen Automobile Group signed a cooperation agreement, and the headquarters of Weilai Automobile China was settled in Hefei, which further strengthened the new momentum of Anhui's automobile industry.

Shanghai Bund. Photo by Chinanews reporter Zhang Xu

Negative GDP growth in Beijing and Shanghai

  In the first half of the year, Shanghai's GDP was 1735.68 billion yuan, down 2.6% year-on-year. Its GDP fell to the top ten and ranked 11th.

  Beijing's GDP in the first half of the year was 1,620.56 billion yuan, down 3.2% year-on-year, and its GDP ranked 13th, surpassed by Hebei.

  According to expert analysis, the tertiary industry in Beijing and Shanghai and other big cities are concentrated, and the economy is more dependent on consumption. However, consumption recovery under the epidemic is not directly benefited from various countercyclical policies like the industrial sector, and lacks policy hands, so the speed is slow .

  Data show that in the first half of the year, total retail sales of consumer goods in Beijing and Shanghai fell by 16.3% and 11.2% year-on-year respectively.

  However, as the prevention and control of the epidemic has improved, especially as the new outbreak in Beijing has been brought under control, Beijing's economy has shown a gradual recovery trend. The GDP decline in the first half of the year has narrowed by 3.4 percentage points compared with the first quarter. Shanghai's GDP decline in the first half of the year narrowed by 4.1 percentage points from the first quarter.

Jilin recovers fastest among the three northeast provinces

  In the first half of the year, the GDP growth rate of the three northeastern provinces was still negative, with Jilin recovering the fastest.

  The GDP of Jilin in the first half of the year was 544.192 billion yuan, down 0.4% year-on-year, but the growth rate was 6.2 percentage points higher than the first quarter, 1.2 percentage points higher than the national average.

  The GDP of Liaoning in the first half of the year was 1113.25 billion yuan, a year-on-year decrease of 3.9%, and the rate of decline narrowed by 3.8 percentage points compared with the first quarter.

  Heilongjiang, the last to publish data, had a GDP of 525.06 billion yuan in the first half of the year, a year-on-year decrease of 4.9%. It was overtaken by Jilin in second place.

Data map: The busy scene of the car production workshop. Photo by China News Agency reporter Chen Chao

  Let's look at the GDP growth rate again.

The Western Region's Eye-catching Performance, Tibet's First Growth Rate

  Among the 31 provinces, 16 provinces have positive growth, and 15 provinces have changed from negative to positive. They are Jiangsu, Zhejiang, Sichuan, Fujian, Hunan, Anhui, Jiangxi, Chongqing, Yunnan, Guangxi, Guizhou, Ningxia, Qinghai, Gansu, and Xinjiang. .

  Among them, the western region performed well.

  Tibet’s GDP in the first half of the year was 83.838 billion yuan, a year-on-year increase of 5.1%, which was 6.7 percentage points higher than the national growth rate, and the growth rate ranked first in the country.

  Tibet's GDP growth rate is outstanding, and its GDP growth rate in the first quarter is the only positive growth in the country. This has a lot to do with Tibet having only one confirmed case of new coronary pneumonia and taking the lead in resuming work and production.

  Xinjiang's GDP growth rate in the first half of the year was 3.3%, ranking second. The GDP growth rate of Guizhou and Gansu in the first half of the year was 1.5%, tied for third place.

  The analysis believes that the faster GDP growth rate of the provinces in the western region is that these regions are relatively less affected by the epidemic and resume work and production earlier, especially the faster recovery of fixed asset investment in the industrial sector and infrastructure.

  Data show that in the first half of the year, Xinjiang and Tibet’s fixed asset investment growth rates were 28.6% and 18.5%, respectively. They still achieved double-digit growth despite the impact of the epidemic, which strongly supported economic growth.

  How is your hometown performing? (Finish)