After the National Bureau of Statistics released economic data for the first three quarters, provinces have successively released their own economic "three quarterly reports."

  According to statistics from a reporter from China Business News, as of October 25, 27 provinces had released economic data for the first three quarters.

Compared with the first half of the year, the growth rate of various provinces continued to pick up. Among them, the GDP growth rate of 14 provinces reached more than 2%, and Guizhou, the highest, reached 3.2%.

In general, the growth rate of the upper and middle reaches of the Yangtze River continued to lead.

Guangdong's economic growth rebounded strongly

  Guangdong, the largest economic province, has always been an important indicator of my country's economic development.

In the first three quarters, Guangdong's growth rate finally "turned positive" and tied the national level.

  According to statistics released by the Guangdong Provincial Bureau of Statistics a few days ago, according to the unified calculation of regional GDP, the GDP of Guangdong Province in the first three quarters of 2020 was 7,839.07 billion yuan, an increase of 0.7% year-on-year.

The growth rate was equal to the national level, up 3.2 percentage points from the same period in the first half of the year, showing a strong rebound.

  Peng Peng, executive chairman of the Guangdong Provincial Institutional Reform Research Association, analyzed to a reporter from China Business News that Guangdong, as the province with the highest degree of dependence on foreign trade, was greatly affected by foreign trade in the first half of this year, and its economic growth rate was also relatively low, which was higher than that of Zhejiang and Jiangsu. A lot lower.

However, in the third quarter, as my country's foreign trade growth rate stabilized sharply, Guangdong, as the main export base, had a greater economic rebound.

  Data show that in the first three quarters, Guangdong’s total import and export of goods was 5.08 trillion yuan, down 1.6% year-on-year, and the rate of decline narrowed by 5.5 percentage points from the first half of the year.

Among them, exports were 3.08 trillion yuan, down 1.5%, and the rate of decline narrowed 7.0 percentage points from the first half of the year.

  Guangdong Mingjie Group is an exporter of sanitary products. President Luo Xiaohua told CBN reporters that the company's current orders have been similar to the same period last year. "Now we are all rushing to work. I feel that there is no difference from last year."

  In the first three quarters of Jiangsu, the second largest economic province, the GDP was 7,380.88 billion yuan, a year-on-year increase of 2.5% at comparable prices.

Although the gap with Guangdong has widened from 251.1 billion yuan in the first half of the year to 458.8 billion yuan in the first three quarters, according to the current rate, the gap between Jiangsu and Guangdong is expected to narrow compared with last year (803.9 billion yuan).

  In addition, Jiangsu's GDP in 2019 reached 9963.152 billion yuan, not far from the ten trillion mark.

Although the first quarter of this year was greatly affected by the epidemic, in the third quarter, Jiangsu’s GDP was 278.6 billion yuan. At this rate, the probability of breaking through the 10 trillion mark for the whole year is very high.

  At present, the development of new economy and high-tech industries in the Yangtze River Delta, Pearl River Delta, Beijing and other places is very prominent, and the leading role after the epidemic has become more prominent.

  Take Hangzhou, the "e-commerce capital" as an example. In the first three quarters, the added value of the city's core industries of digital economy was 295.2 billion yuan, an increase of 11.5%, and the growth rate was 1 percentage point higher than that in the first half of the year, accounting for 25.5% of GDP.

Among related industries, the electronic information product manufacturing industry grew by 12.6%, and the artificial intelligence industry grew by 10%.

Driven by the digital economy, the city’s GDP in the first three quarters reached 1,156.7 billion yuan, a year-on-year increase of 3.2% at comparable prices.

  Similarly, from January to August, Guangdong's information transmission, software and information technology service industries achieved a year-on-year increase of 10.4% in operating income, an increase of 0.9 percentage points over the first half of the year.

Among them, the operating income of the Internet and related service industries increased by 19.2%; the software and information technology service industry achieved an operating income increase of 8.3%, an increase of 2.4 percentage points over the first half of the year.

Rapid growth in the upper and middle reaches of the Yangtze River

  Judging from the economic growth rate in the first three quarters, 14 of the 27 provinces have achieved growth rates of 2% or more.

Among the top 10 provinces in terms of growth rate, except Jiangsu, the rest are from the central and western regions, especially in the middle and upper reaches of the Yangtze River. The growth rate of Gansu and Ningxia in the northwest is also relatively high.

  Among them, in the first three quarters, Guizhou achieved a regional GDP of 1265 trillion yuan, an increase of 3.2% over the same period of the previous year, and the growth rate was 1.7% faster than that in the first half of the year, leading the way among the announced provinces.

  At present, Guizhou is still in the stage of accelerating industrialization and urbanization.

Statistics from the Guizhou Provincial Bureau of Statistics show that in the first three quarters, the value added of the industrial enterprises above designated size in the province increased by 2.7% year-on-year, and the growth rate was 1.3 percentage points higher than that in the first half of the year.

Among the 19 key monitored industries, 12 industries achieved positive growth.

  The situation in Yunnan is quite similar to that in Guizhou. In the first three quarters, Yunnan’s tobacco product industry increased by 6.2% year-on-year, ferrous metal smelting and rolling processing industry increased by 8.9%, non-ferrous metal smelting and rolling processing industry increased by 4.6%, and computers, communications and other electronics The equipment manufacturing industry increased by 45.7%.

  Peng Peng said that Yunnan-Guizhou is relatively less affected by the epidemic. After the epidemic, the infrastructure has been pulled more strongly, and the original infrastructure of Yunnan-Guizhou is relatively weak, and there is still more room to make up for the shortcomings.

At the same time, the speed of industrialization and urbanization in these places is relatively fast, and the economy can maintain rapid growth.

  In addition, Hunan, Chongqing, Jiangxi, Anhui, Sichuan and other provinces in the upper and middle reaches of the Yangtze River are also growing faster.

Associate Professor Ding Changfa from the Department of Economics of Xiamen University analyzed to a reporter from China Business News that in recent years, along with the rise in overall costs in the developed coastal areas, a large number of industries have shifted to the central and western regions. With the settlement of industries in the Pearl River Delta, the pace of industrialization and urbanization in this region has been accelerating.

  In contrast, among the slower-growth provinces, except for Hubei, which has been hit hard by the epidemic, the growth rate of Inner Mongolia, Liaoning, Tianjin and other places is also relatively slow. Among them, Inner Mongolia and Liaoning have not yet achieved "positive".

  Ding Changfa said that the slow economic growth of these places has a lot to do with the industrial structure of these places dominated by heavy and chemical industries.

For example, Inner Mongolia's energy economy accounts for a relatively large proportion, Tianjin, Liaoning's steel, petrochemical and other heavy chemical industries account for a large proportion. The private economy and the new economy are lagging behind, so economic development is also greatly affected.

  At present, these places are also speeding up recovery.

Taking Liaoning as an example, the province’s industrial value-added above designated size has achieved positive growth for six consecutive months. In July, August, and September, it increased by 4.5%, 4.8%, and 6.2% year-on-year, respectively, driving the cumulative increase in the first three quarters. The speed has changed from a 2.3% decline in the first half of the year to an increase of 0.3%.

  Hubei, which is at the center of the epidemic, has a negative growth rate of 10.4% in the first three quarters, but the rate has shrunk significantly compared with the first half of the year.

From the perspective of total GDP, the total GDP of Hubei has exceeded that of Anhui in the first three quarters, and the gap with Hunan is also within a few millimetres. According to the current situation, it is expected that the total annual GDP is expected to surpass Hunan and remain at about 8 in the country.

  Author: Lin Xiaozhao