The first three quarters of the 29 provinces "report card" released! A few signs are obvious →
Recently, the economic "transcripts" of the provinces in the first three quarters of 2020 have been announced.
As of October 27, apart from Shanghai and Tibet, 29 provinces have announced their economic performance, of which 24 provinces have achieved positive growth, and the economies of various regions have shown a steady recovery trend ↓↓
Compared with the first half of the year, the economic growth rates of Beijing, Guangdong, Shanxi, Shandong, Hebei, Shaanxi, Henan, Hainan, Jilin and other provinces have all changed from negative to positive in the first three quarters.
From the perspective of economic growth, the growth rate of 21 provinces outperformed the country, and the growth rate of 14 provinces was 2% and above.
Guizhou currently ranks first with a growth rate of 3.2%.
In terms of regional GDP, Guangdong, Jiangsu and Shandong continue to rank among the top three.
Hubei's GDP in the first three quarters fell by 10.4% year-on-year, but the rate of decline narrowed by 8.9 percentage points compared with the first half of the year. Various economic indicators continued to improve.
The three major driving forces of investment, consumption and import and export are steadily picking up.
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In many places, the growth rate has changed from negative to positive
Since the beginning of this year, in the face of the severe test brought by the new crown pneumonia epidemic and the complex and changeable domestic and foreign environment, all localities have coordinated efforts to promote epidemic prevention and control and economic and social development, solidly do the "six stability" work, and fully implement the "six guarantees "The task, main indicators continue to improve, and economic growth continues to stabilize and recover.
A reporter from the Economic Daily found that as of October 27, 24 provinces had achieved positive growth in the first three quarters.
Compared with the first half of the year, the economic growth rates of Beijing, Guangdong, Shanxi, Shandong, Hebei, Shaanxi, Henan, Hainan, Jilin and other provinces have all changed from negative to positive in the first three quarters.
Hebei, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi, Shandong, Hunan, Chongqing, Sichuan, Guizhou, Yunnan, Shaanxi, Gansu, Ningxia and other provinces have achieved all-round growth in the three industries.
From the perspective of economic growth, among the provinces that have achieved positive growth, Beijing and Henan have a national growth rate of less than 0.7%, while Guangdong is the same as the national growth rate, and the growth rate of 21 provinces outperforms the national growth rate, of which 14 provinces are growing. At 2% and above.
In the first half of this year, Tibet led the country with a growth rate of 5.1%. However, as of the press release, Tibet has not yet released its first three quarters of data. Guizhou currently ranks first with a growth rate of 3.2%.
In terms of regional GDP, Guangdong, Jiangsu and Shandong continue to rank among the top three.
In terms of regions, in the eastern region, Jiangsu Province increased by 2.5% year-on-year, Fujian Province increased by 2.4% year-on-year, and Zhejiang Province increased by 2.3% year-on-year.
Hainan Province grew by 1.1% year-on-year, and the cumulative growth rate turned from negative to positive, and the growth rate was 3.7% faster than that in the first half of the year.
The growth rates of Shandong, Hebei, Guangdong and Beijing have also turned positive, with year-on-year growth of 1.9%, 1.5%, 0.7% and 0.1% respectively.
Tianjin achieved zero growth.
All six provinces in the central region have released data for the first three quarters.
Among them, Hunan grew by 2.6% in the first three quarters; Anhui and Jiangxi’s economic growth both rebounded to 2.5%; Shanxi and Henan grew by 1.3% and 0.5% year-on-year respectively, and the cumulative growth rate has changed from negative to positive.
Hubei has stabilized its fundamentals in the face of huge difficulties and challenges, and promoted economic development from "press the pause button" in the first quarter to "restart and resume" in the second quarter and then to "steady recovery" in the third quarter. Economic indicators continued to improve.
In the first three quarters, although the GDP of Hubei Province fell by 10.4% year-on-year, the rate of decline narrowed by 8.9 percentage points compared with the first half of the year.
The cumulative decline in total retail sales of agriculture, industries above designated size, investment, and social consumer goods continued to narrow compared with the first half of the year.
In the western region, all provinces except Inner Mongolia achieved positive growth, which was higher than the national growth rate.
Guizhou grew by 3.2% over the same period last year, and the growth rate was 1.7% faster than that in the first half of the year.
Gansu and Yunnan grew by 2.8% and 2.7% year-on-year, Ningxia and Chongqing both grew 2.6%, Sichuan grew by 2.4%, Xinjiang and Guangxi grew by 2.2% and 2.0%, Shaanxi and Qinghai both grew by 1.2%, and Inner Mongolia A decrease of 1.9%.
Among the three northeastern provinces, Jilin Province took the lead in realizing the change from negative to positive. The regional GDP increased by 1.5% year-on-year, which was an increase of 1.9 percentage points from the first half of the year. The main economic indicators all improved compared with the first half of the year.
Liaoning fell 1.1% year-on-year, and the rate of decline narrowed 2.8 percentage points from the first half of the year.
Heilongjiang was down 1.9% year-on-year.
Three major needs continue to recover
From the perspective of local conditions, with the steady economic recovery, the three major driving forces of investment, consumption, and import and export on the demand side are steadily picking up.
Fixed asset investment rebounded steadily.
Since the beginning of this year, Shanxi's investment growth rate has continued to be higher than that of the whole country, and has maintained a good momentum of monthly acceleration since the positive growth in March.
The investment in major projects in the first three quarters of Jiangxi Province played a significant role, with 7,157 projects under construction over 100 million yuan, a year-on-year increase of 916, and completed investment growth of 20.1%.
A batch of new infrastructure projects represented by 5G and data centers in the west landed. Inner Mongolia's software and information technology service industry investment increased by 32.3%, and Qinghai's infrastructure investment in the first three quarters increased by 20.8% year-on-year.
Driven by the "two new projects and one heavy industry", Guangdong's infrastructure investment increased by 11.6% in the first three quarters.
The consumer market continues to pick up momentum.
The consumption decline in Anhui Province was the smallest in the country. The total retail sales of consumer goods in the first three quarters was 1,309.47 billion yuan, down 0.5%.
New business formats and new models represented by fresh food distribution, live broadcast delivery, and catering takeaway are growing rapidly.
Driven by strong growth in consumption of duty-free commodities and automobiles, Hainan’s total retail sales of consumer goods in the third quarter increased by 17.7% year-on-year.
The total retail sales of consumer goods in Jiangsu has achieved positive monthly growth for 4 consecutive months.
Significant growth in imports and exports.
In the first three quarters, Zhejiang’s total import and export volume was 2.4 trillion yuan, a year-on-year increase of 8.6%.
The total import and export volume of Hubei Province was 294.13 billion yuan, an increase of 6.8%, an increase of 8.3 percentage points from the first half of the year.
New forms of foreign trade in Shandong Province are booming. Cross-border e-commerce imports and exports are 4.18 billion yuan, an increase of 149%, of which online shopping bonded imports have increased by 786.7%.
Increased vitality of market entities
Various localities have played the "combined punch" of benefiting enterprises to bail out, focusing on strengthening the protection of people's livelihood, and effectively enhancing the sense of acquisition of market entities.
The efficiency of the enterprise has improved.
With the orderly advancement of epidemic prevention and control and economic development, corporate profitability has gradually improved, and profit and revenue have steadily recovered.
From January to August, the profits of industrial enterprises above designated size in Beijing changed from a 0.8% decline in the first half of the year to an increase of 13.1%.
From January to August, the total profit of industrial enterprises above designated size in Chongqing increased by 11.3% year-on-year, and the corporate profit rate was higher than the same period last year.
Market vitality is improving.
In the first three quarters of Shandong, 1.632 million newly registered market entities, including 605,000 newly registered enterprises, increased by 14.5%.
At the end of September in Guizhou, the province's market entities reached 3,296,600, an increase of 13.8% over the same period last year.
The protection of people's livelihood continues to increase.
In the first three quarters, the nominal growth rate of per capita disposable income in many regions exceeded the national level.
For example, the per capita disposable income of residents in Guizhou Province increased by 6.8% in nominal terms over the same period last year; the per capita disposable income of residents in Chongqing increased by 6.5% year-on-year.
Beijing has introduced multiple policies to stabilize and expand employment.
As of the end of September, the overall employment implementation rate of recent college graduates was close to 90%.
New momentum has grown against the trend, and has played an active role in helping epidemic prevention and control, protecting residents' lives, and promoting economic growth.
In the first three quarters of Beijing, the value added of the new economy accounted for 38% of the city's GDP.
The new kinetic energy of Fujian's new economy has an obvious pulling effect: in the first three quarters, the output of new products such as optical fiber, optical cable, new energy vehicles, and smart TV increased by 257.7%, 150.1%, 103.5%, and 84.0% respectively.
The added value of high-tech industries in Shaanxi in the first three quarters increased by 17.2% year-on-year.
Experts said that the results of the first three quarters were hard-won, the external environment is still severe and complex, and the economic operation is still facing difficulties and challenges. The current economy is still a recovery growth, and the cumulative growth rate of most indicators is still significantly lower than the same period last year.
In the next stage, it is still necessary to do a solid job of "six stability", fully implement the "six guarantees" task, consolidate the foundation for economic recovery, and accelerate the formation of a new development pattern.
Source: Economic Daily WeChat Official Account