Changes in the total amount of funds in 31 provinces in the past 10 years: Guangdong is the first in total, and Tibet and Guizhou are growing fast
The balance of various deposits of financial institutions, or "total funds", is the result of a region's economic operation, and changes in the total amount of funds reflect the development and changes of the regional economy.
A reporter from China Business News analyzed the changes in the total amount of funds in 31 provinces over a ten-year period (2009-2019) and found that the 10 provinces with the fastest increase in total funds in the past 10 years are Tibet, Guizhou, Jiangxi, Anhui, Hunan, Henan, Chongqing, Xinjiang, Hubei and Gansu are all located in the central and western regions, with the middle and upper reaches of the Yangtze River provinces being particularly prominent. In terms of total volume, in 2019, the top ten provinces are Guangdong, Beijing, Jiangsu, Shanghai, Zhejiang, Shandong, Sichuan, Hebei, Henan, and Liaoning.
No. 1 in Guangdong
Compared with 2009, the top 3 provinces in terms of total funding have not changed, and they are still Guangdong, Beijing and Jiangsu. Among them, in 2019, Guangdong's total funding reached 2,32458 billion yuan, and it is also the only province that has exceeded 20 trillion yuan. In terms of growth rate, the total amount of funds in Guangdong has increased by 2.34 times in the past 10 years, ranking first among the developed eastern coastal areas.
The total amount of funds in Guangdong tops the list and maintains a rapid growth rate, which is related to the earlier transformation and upgrading of the province. After years of hard work, the effects of industrial transformation and upgrading in Guangdong, especially the Pearl River Delta, have gradually emerged. From the perspective of the development of various cities, Shenzhen's performance is particularly impressive. Statistics show that the total amount of funds in Shenzhen in 2009 was less than 1.7 trillion yuan, and by 2019 it has reached 8.39 trillion yuan, an increase of four times.
The rapid growth of Shenzhen's total capital is related to the rapid development of the city's high-tech industries and emerging industries. Shenzhen is one of the most developed cities in my country with high-tech industries. In 2019, Shenzhen added more than 2,700 state-level high-tech enterprises, totaling more than 17,000. In recent years, many high-tech companies have accelerated asset securitization and achieved IPOs, which have developed extremely fast, which has led to rapid growth in total capital.
From the perspective of Shenzhen’s development trajectory in recent years, after entering the new century, compared to many cities relying on investment, Shenzhen’s innovation-driven layout has full stamina, especially when the speed of quality emerges, Shenzhen’s new advantages It is more obvious.
Professor Tan Gang, inspector and deputy dean of the Shenzhen Institute of Socialism, analyzed by China Business News that since the 1990s, Shenzhen has gradually moved towards a road driven by technological innovation, and later high-tech industries have made more and more contributions. In particular, a large number of well-known top companies including Huawei and Tencent have been born, and their impact on the overall economy is particularly obvious. Shenzhen has taken a development path that matches its own resource endowment, while seizing the space of the electronic information industry to find a suitable position in the global industrial chain.
On the other hand, the rapid growth of funds in Guangdong is also related to the rapid population growth of Guangdong in recent years. In particular, in recent years, the two super-first-tier cities in Beijing and Shanghai have accelerated the decentralization of non-core functions. However, both are first-tier cities, each with a population of less than 15 million people, there is still a lot of room for development, and the threshold for settlement is also low. Under such circumstances, many people have moved from Beijing and Shanghai to Guangzhou and Shenzhen. The transfer of talents has also led to changes in capital and industry.
After Guangdong, Beijing ranked second with a total of 1.71 trillion yuan, a double increase from 2009. Jiangsu ranks third with 1.5 trillion. In terms of total funding, Guangdong has 7962.1 billion yuan more than Jiangsu, which is close to Sichuan, which ranks seventh. In addition to these three provinces, Shanghai, Zhejiang, Shandong, Sichuan, Hebei, Henan, and Liaoning are also in the top ten.
Growth rate: Tibet's first middle reaches of the Yangtze River develops rapidly
In terms of growth rate, in the past ten years, the total amount of funds in 21 provinces has more than doubled (including twice). Four provinces have increased by more than four times, namely Tibet, Guizhou, Jiangxi and Anhui. Among them, Tibet ranked first with an increase of 3.84 times, and Guizhou also reached 3.61 times.
The rapid growth of funds in these two provinces is due to the original small base, but to a greater extent it is related to the rapid development of the regional economy. Take Guizhou as an example. In the 20 years since the development of the western region, the GDP growth rate of Guizhou has led the western provinces. Among them, in the second decade of entering the 21st century, Guizhou's economy has grown by leaps and bounds. On October 26, 2010, Guizhou held the first industrial development conference in history, and launched the strategy of "industrially strong province". On December 26 of the same year, 108 state-owned enterprises invested in 47 projects in Guizhou, with a total investment of 292.9 billion yuan.
While being a strong industrial province, in recent years, Guizhou has vigorously promoted the three major strategic actions of poverty alleviation, big data, and big ecology. Especially since the launch of the big data development strategy in 2014, Guizhou has achieved fruitful results in promoting the development of industrial transformation and the reconstruction of social governance.
After the two provinces of Tibet and Guizhou, Jiangxi and Anhui in the central part of Jiangxi and Anhui have also increased by more than 3 in 10 years, ranking third and fourth respectively. Together with Hunan, which ranks fifth, the growth momentum of capital increase in the middle reaches of the Yangtze River is extremely Swift. In terms of geographical location, these places are close to the developed areas of the Pearl River Delta and the Yangtze River Delta. In recent years, the division of labor and cooperation with the Pearl River Delta and the Yangtze River Delta have become increasingly close. Many industries in the Pearl River Delta, Jiangsu, Zhejiang and Shanghai have also been Moving here, coupled with advantages in water resources and labor, the economy has also developed rapidly.
In Jiangxi, on July 31, Jiangxi Academy of Social Sciences and Social Science Literature Publishing House jointly released "Jiangxi Blue Book: Jiangxi Economic and Social Development Report (2020)". The Blue Book pointed out that for six consecutive years, the growth rate of Jiangxi's main economic indicators has consistently ranked first in the country.
Xiao Yaofei, a professor at the School of International Economics and Trade of Guangdong University of Foreign Studies, analyzed by China Business News that in recent years, Jiangxi has undertaken a large number of industrial transfers in the Yangtze River Delta and the Pearl River Delta. fast.
In Anhui, in the process of building a world-class urban agglomeration with global influence in the Yangtze River Delta urban agglomeration in recent years, Anhui has deeply participated in the development and cooperation of the Yangtze River Delta, and many industries in Jiangsu, Zhejiang and Shanghai have also been transferred here. According to data from the Anhui Provincial Cooperation Office, in the first five months of this year, Shanghai, Jiangsu, Zhejiang and Anhui invested in 1,905 projects under construction over 100 million yuan, with actual funds in place of 240.23 billion yuan, a year-on-year increase of 8.1%; accounting for 50.8% of the province’s share, a year-on-year increase of 2.4 Percentage points.
Lin Fei, a researcher from the Institute of Economics of the Anhui Academy of Social Sciences, analyzed to a reporter from China Business News that the current central provinces, including Anhui and Jiangxi, are still in the stage of rapid industrialization, and the amount of fixed asset investment is relatively large, so the growth rate is relatively fast. In contrast, some provinces dominated by the service industry in the developed eastern coastal areas have passed this stage and have a relatively large base, so their growth rate will be relatively slow.
In fact, in addition to Jiangxi, Anhui, and Hunan, Henan and Hubei also rank in the top ten in terms of total capital growth. Overall, the growth in the central region is more prominent than that of the eastern and western regions.
Ye Qing, a professor at Zhongnan University of Economics and Law, told China Business News that the cost of land and human resources in the developed eastern coastal provinces has risen. In contrast, the central region has abundant land resources and sufficient labor. The development of the western region is faced with the problems of insufficient talents and heavy ecological protection tasks. Compared with the western region, the comprehensive conditions in the central region are better. Therefore, on the whole, some obstacles and shortcomings in the economic development of the eastern and western regions can be solved in the central region.
On the other hand, with the improvement of transportation infrastructure, especially the development of high-speed rail, the links between the central provinces and the Yangtze River Delta and the Pearl River Delta have become closer, and it is also convenient to undertake the transfer of industries. For example, with the opening of the Wuhan-Guangzhou high-speed railway, the distance from Hunan to the Pearl River Delta has been greatly shortened. Hunan has become the first choice for many industries in the Pearl River Delta. Hunan's industry and regional economy have developed rapidly.
In contrast, the top five provinces in terms of capital growth over the past decade are Shanxi, Heilongjiang, Liaoning, Inner Mongolia, and Tianjin. It is mainly concentrated in the Northeast and North China. The industrial structure of these places is dominated by heavy and chemical industries. Since 2013, energy prices have fallen. The economic development of these places has also faced greater downward pressure and the growth of funds has been relatively slow. For example, the industrial structure of the Northeast has been relatively simple in recent years, with basic industrial sectors, especially energy and raw materials, as the mainstay. Many basic industries have stagnated or even declined, which has a great impact on the economic situation in the Northeast.