Many places have successively released the economic performance report cards for the first half of the year-
The economy of various regions is recovering steadily
Economic Daily · China Economic Net reporter Lin Huocan
As the prevention and control situation of the new crown pneumonia epidemic continues to improve, the resumption of work and production is progressing in an orderly manner, and the effects of macro policies continue to appear. In the 30 provinces that have announced their report cards, the economic growth rate has rebounded significantly from the first quarter. Among them, 16 provinces had a positive economic growth rate, an increase of 15 from the first quarter; 14 provinces had a year-on-year decline in economic growth, but the rate of decline was significantly narrowed.
Recently, the economic performance report cards of the provinces in the first half of 2020 have been released one after another. As of July 24, except for Heilongjiang, the main economic operation data of the remaining 30 provinces have been released.
The data shows that with the continuous improvement of the prevention and control situation of the new crown pneumonia epidemic, the resumption of work and production is progressing in an orderly manner, the macro policy effects continue to appear, economic growth has turned from negative to positive, and the steady recovery of local economies is obvious.
The economic growth rate of all provinces has rebounded significantly
In the 30 provinces that have published their report cards, the economic growth rate has rebounded significantly from the first quarter. Among them, 16 provinces had a positive economic growth rate, an increase of 15 from the first quarter; 14 provinces had a year-on-year decline in economic growth, but the rate of decline was significantly narrowed. The economic growth rate of Hubei Province narrowed the most, from a year-on-year decline of 39.2% in the first quarter to a decline of 7.6%.
In terms of different regions, among the eastern provinces, Jiangsu, Zhejiang, and Fujian's economic growth rates in the first half of the year changed from negative to positive. Among them, the three major demands for investment, consumption, and import and export in Jiangsu Province have significantly improved their GDP stimulus compared with the first quarter, and jointly promoted economic growth from a 5.0% decline in the first quarter to an increase of 0.9%, leading the eastern region. The economic growth rates of Zhejiang and Fujian were both 0.5%, a significant increase of 5.1 and 4.7 percentage points respectively from the first quarter. The growth rate of Tianjin in the first half of the year fell by 3.9% year-on-year, but the rate of decline narrowed by 5.6 percentage points from the first quarter; the growth rate of Beijing fell by 3.2% year-on-year, and the rate of decline narrowed by 3.4 percentage points from the first quarter.
Among the central provinces, in Hunan Province, except for wholesale and retail, accommodation and catering, transportation, and cultural, sports and entertainment industries that have been affected by the epidemic and are still slowly recovering, the added value of most other industries have achieved positive growth. Among them, agriculture, forestry, animal husbandry and fishery, industry, construction, finance, real estate, and other service industries combined contributed 2.7 percentage points to GDP growth. Driven by this, Hunan's economic growth rate is in the leading position, with a year-on-year growth of 1.3% in the first half of the year, turning from negative to positive. Both Jiangxi and Anhui have changed from negative to positive year-on-year, with growth rates of 0.9% and 0.7% respectively.
Among the 12 western provinces, Tibet’s economic growth rate was 5.1% in the first half of the year, 4.1 percentage points faster than the first quarter. The economic growth rate of 9 provinces including Sichuan and Chongqing turned from negative to positive. Among them, Chongqing has the largest recovery, from a decline of 6.5% in the first quarter to an increase of 0.8%.
Among the three northeastern provinces, Liaoning's economic growth rate was down 3.9% year-on-year, and the rate of decline narrowed by 3.8 percentage points from the first quarter; Jilin fell 0.4% year-on-year, and the rate of decline narrowed 6.2 percentage points from the first quarter.
Significant improvement in the three major needs
As the epidemic prevention and control situation continues to improve, various regions have accelerated the resumption of work and production, and the resumption of business and markets, and the overall economy has been recovering steadily. Zhao Tonglu, Director of the National Economic Accounting Department of the National Bureau of Statistics, said that with the overall promotion of epidemic prevention and control and economic and social development results, the three major needs in the second quarter have significantly improved the role of GDP in the second quarter compared with the first quarter, and jointly promoted the economy to achieve positive growth. .
As the investment stabilization policy continues to exert force, the role of investment in driving economic growth has increased significantly. In Hebei, fixed asset investment increased by 0.9% in the first half of the year, an increase of 8.6 percentage points from the first quarter, reversing the decline in the first five months. In Shanxi, investment growth this year has continued to be faster than the national average, and it has been accelerating month by month. In the first half of the year, Shanxi's investment in fixed assets increased by 8.3%, an acceleration of 5.8 percentage points from the first quarter.
The orderly recovery of residents' lives, coupled with the successive promulgation of consumption promotion policies in various places, the consumer market has steadily recovered. In Jiangsu, the per capita living consumption expenditure of residents in the first half of the year was 12,215 yuan, a year-on-year decrease of 6.2%, a decrease of 4.1 percentage points from the first quarter; the total retail sales of consumer goods was 16,9104 billion yuan, a year-on-year decrease of 9.4%, and the rate of decrease was 8.7 points lower than that in the first quarter. percentage point. In Hunan, the total retail sales of consumer goods in the first half of the year was 845.65 billion yuan, down 3.5% year-on-year, and the rate of decline narrowed by 8.4 percentage points from the first quarter.
With the accelerated implementation of the foreign trade stabilization policy, the effects of the measures have gradually emerged. Net exports of goods and services in the second quarter drove GDP growth by 0.5%, reversing the downward trend in the first quarter.
In Fujian, the province's total customs import and export volume in the first half of the year was 617.586 billion yuan, down 3.2% year-on-year, and the rate of decline narrowed by 3.5 percentage points from January to May. Among them, exports were 365.459 billion yuan, a decrease of 10.1%, and the rate of decline narrowed by 2.7 percentage points from January to May; imports were 2,52.127 billion yuan, an increase of 9.1%, an increase of 5.4 percentage points from January to May.
Strong support for new kinetic energy
In the first half of this year, despite the impact of the epidemic in many areas, emerging industries have maintained a good momentum of development. New momentum continues to grow against the trend, providing a strong impetus for my country's economic recovery.
During the epidemic, Beijing's digital economy and Internet-related industry R&D investment increased significantly. In the first five months, the information service industry, driven by some Internet companies' increased R&D expenditures on e-commerce retail, video live broadcast, and artificial intelligence algorithms, increased research and development expenses by 17.9%, and the growth rate increased by 6.1%.
In Tianjin, through the implementation of the special actions of "High Enterprise Multiplication" and "Innovative Carrier Cultivation", in the first half of the year, 5107 national technology-based small and medium-sized enterprises, 565 young eagle companies, and 364 gazelle companies were evaluated in the first half of the year, and a total of 39 technology-based listed companies Family.
Shanghai has introduced and implemented the "23" policies for online new economic development to boost the development of related industries. From January to May, the operating income of Shanghai's above-scale information transmission, software, and information technology service companies increased by 9.6% year-on-year, and the growth rate was 4.9 percentage points higher than the first quarter.
In the first half of the year, Hainan's emerging industries enjoyed a good momentum of development, and new momentum continued to grow against the trend, providing a strong impetus for the province's economic recovery. According to preliminary calculations, in the first half of the year, the value added of the information transmission software and information technology service industry, leasing and business service industries increased by 30.4% and 17.5% respectively year-on-year, continuing to maintain a rapid growth momentum. The value-added of the financial industry increased by 1.5% year-on-year, turning from negative to positive. An increase of 2.1 percentage points. The three major industries combined contributed 1.5% of GDP growth in the first half of the year, and the driving force increased by 0.3% compared with the first quarter.
In the central region, the value-added of strategic emerging industries in Jiangxi Province increased by 8.3% year-on-year in the first half of the year, an increase of 4.5 percentage points from the first quarter.
Located in the western region of Guizhou, the province's high-tech manufacturing industry gradually recovered despite a severe setback at the beginning of the year. Among them, the growth of the aerospace and equipment manufacturing, medical equipment and instrumentation manufacturing industries continued to accelerate, and the added value increased by 14.1% and 23.1% year-on-year, an increase of 6.2 and 21.4 percentage points from the first quarter. From negative to positive, the value added increased by 3% year-on-year.