The 2020 annual economic reports of all regions are released, and the economic growth of 20 provinces outperforms the country
The data of local economic operation in 2020 show that the growth rate of many provinces continued to accelerate on the basis of turning positive in the first three quarters, and the completion of major indicators for the whole year was better than expected.
All regions are looking for opportunities amidst crisis, changing and nurturing new ones, and emerging momentum is active.
At the same time, various regions and departments have introduced a series of policy measures to help protect and improve basic people's livelihood, and the continuous efforts of policies have achieved remarkable results.
All localities' annual economic reports for 2020 have been released.
As of January 29, 31 provinces, autonomous regions, and municipalities across the country have all released their economic performance data for the entire year. Except for Hubei Province, which was hardest hit by the epidemic, all other provinces have achieved positive growth.
The growth rate of the western region continues to lead the country.
Economic growth is better than expected
In 2020, my country's GDP will grow by 2.3% year-on-year, and the total economic volume will exceed one hundred billion yuan, making it the only major economy in the world to achieve positive growth.
Positive changes in the economic situation are also reflected at the local level.
The growth rate of many provinces continued to accelerate on the basis of turning positive in the first three quarters, and the completion of major indicators for the year was better than expected.
In terms of economic aggregates, the eastern provinces are recovering strongly, with Guangdong, Jiangsu, and Shandong ranking the top three.
In 2020, the total economic volume of Guangdong Province will exceed 11 trillion yuan, ranking first in the country for 32 consecutive years; Jiangsu Province's regional GDP has historically exceeded the 10 trillion yuan mark, and its comprehensive strength has reached a new level; Shandong Province has achieved GDP 73129 billion yuan.
In addition to Guangdong, Sulu, Zhejiang and Henan are provinces with a total GDP of more than 5 trillion yuan.
There are 9 provinces with more than 4 trillion yuan. In addition to the above 5 provinces, there are Sichuan, Fujian, Hubei and Hunan.
From the perspective of economic growth, all provinces except Hubei have achieved positive growth. The economic growth of 20 provinces outperformed the whole country. Among them, 19 provinces have a year-on-year growth rate of more than 3%, and the top three growth rates are in the western region.
Tibet's growth rate ranked first, with a year-on-year increase of 7.8%.
Guizhou followed closely with a year-on-year growth of 4.5%.
Yunnan increased by 4% year-on-year.
In terms of regions, in the eastern region, Hebei led the growth rate, with an increase of 3.9% over the previous year.
Jiangsu grew by 3.7% year-on-year, Shandong and Zhejiang both grew by 3.6% year-on-year, and Hainan and Fujian grew by 3.5% and 3.3% respectively.
The year-on-year growth rate of Guangdong was in line with the national level, reaching 2.3%.
The year-on-year growth rate of Shanghai, Tianjin, and Beijing was slower than the national growth rate, being 1.7%, 1.5%, and 1.2% respectively.
In Northeast China, Jilin Province, which was the first to achieve a positive change from negative to positive in the first three quarters, continued to lead year-on-year growth, achieving a growth of 2.4% throughout the year. Heilongjiang and Liaoning achieved growth of 1.0% and 0.6% respectively.
The growth rate of the western region continues to lead the country.
Among the 12 western provinces, regions and cities, 9 provinces have a growth rate of more than 3%.
The year-on-year growth rates of Chongqing, Gansu, and Ningxia were all 3.9%, and the year-on-year growth rates of Sichuan, Guangxi and Xinjiang were 3.8%, 3.7%, and 3.4% respectively.
The growth rates of Shaanxi, Qinghai, and Inner Mongolia were 2.2%, 1.5%, and 0.2%, respectively, slower than the national growth rate.
In the central region, Anhui grew by 3.9% year-on-year, Hunan and Jiangxi both grew by 3.8% year-on-year, Shanxi grew by 3.6% year-on-year, and Henan grew by 1.3% year-on-year. Affected by the new crown pneumonia epidemic, Hubei dropped by 5.0% year-on-year.
The Hubei Provincial Government Work Report for 2021 stated that Hubei's economy was severely damaged last year, and this year we must make every effort to return to normal, not only to make up for the losses, but also to strive to recover the due growth.
Taking into account last year's low base factor and potential growth rate, Hubei has set its economic growth target for this year at a growth rate of more than 10%.
Kinetic energy conversion continues to advance
In 2020, despite the impact of the epidemic, “new highs”, “breakthroughs” and “upgrades” will still become hot words in the annual economic reports of various regions, and there will be new progress in high-quality development.
From the perspective of the supply side, agricultural production has grown steadily, industrial production has accelerated its recovery, and service industry production has continued to improve.
According to rough statistics from reporters, more than two-thirds of the provinces across the country have achieved all-round growth in the three industries.
In 2020, Shandong Province will become the country's first province with a total agricultural output value exceeding one trillion yuan; the total value added of Sichuan's agriculture, forestry, animal husbandry and fishery will exceed 500 billion yuan, a record growth rate of nearly 15 years; Shanxi Province will increase the number of industries above designated size The value increased by 5.7%, an increase of 14.6 percentage points from the beginning of the year; Jiangsu Province has made positive progress in industrial transformation and upgrading. The added value of the service industry accounted for 52.5% of GDP for the year, an increase of 1 percentage point over the previous year.
The demand structure is also continuously optimized.
In terms of investment, investment growth has steadily rebounded, and investment in high-tech industries and people's livelihoods has grown rapidly.
In Hunan, the province’s fixed asset investment in 2020 will increase by 7.6% year-on-year, and investment in major projects above 50 million yuan will increase by 44.2%; in Chongqing, investment in high-tech manufacturing and high-tech service industries will increase by 23.4% and 39.8% respectively over the previous year .
In Guangdong, people's livelihood expenditure accounts for 69.4% of general public budget expenditures.
From the perspective of consumption, consumption upgrades continue to advance.
During the epidemic, online and offline integration has accelerated, and new models and businesses such as online shopping and live streaming have grown against the trend.
In Jiangxi, the retail sales of communication equipment and wearable smart devices increased by 50.0% and 95.5% respectively.
In Hainan, in the retail sales of commodities above designated size, the retail sales of automobiles increased by 22.0%, cosmetics increased by 132.9%, gold, silver and jewelry increased by 102.8%, and communications equipment increased by 11.0%.
In terms of import and export, the structure of foreign trade has been continuously optimized.
The scale of foreign trade in Zhejiang, Anhui, Jiangxi, Chongqing and other provinces reached a record high.
In 2020, Zhejiang’s imports and exports, exports, and imports accounted for the country’s share of the country’s increase by 0.7, 0.6 and 0.7 percentage points respectively over the previous year, setting new highs; Anhui’s total import and export value of goods trade was 540.64 billion yuan, compared with 2019 An increase of 14.1%; Chongqing’s total import and export value was 651.34 billion yuan, a year-on-year increase of 12.5%, and the export value of notebook computers reached a new high.
New forms of foreign trade in Shandong Province are booming, with cross-border e-commerce imports and exports reaching 13.83 billion yuan, an increase of 366.2%.
In 2020, all regions are looking for opportunities amid crises, changing and nurturing new ones, and emerging momentum is active.
In Beijing, the added value of high-tech industries and strategic emerging industries accounted for 25.6% and 24.8% of GDP, respectively, an increase of more than 1 percentage point over the previous year.
In Zhejiang, the added value of the core industries of the digital economy increased by 13.0% over the previous year.
In Anhui, the added value of high-tech industries increased by 16.4%, the highest level since 2017.
In Gansu, the annual growth rate of the added value of the top ten ecological industries was 1.9 percentage points higher than the regional GDP, and the utilization rate of new energy reached more than 95%.
People's livelihood and well-being continue to increase
Since 2020, various regions and departments have introduced a series of policies and measures to do a solid job of "six stability", implement the "six guarantees" task, help enterprises resume production and operation, help ensure and improve basic people's livelihood, and the continuous efforts of the policy have achieved significant results .
The employment situation is generally stable.
In 2020, Beijing has successively formulated and introduced more than 30 policies to help enterprises stabilize jobs, such as "exemption of mitigation, return and replenishment insurance", and a total of 142.3 billion yuan of social insurance premiums have been reduced or exempted for enterprises.
Among the general public budget expenditures in Jiangsu Province, social security and employment expenditures increased by 25.9%, an increase of 18.3 percentage points higher than the previous year.
Heilongjiang Province has achieved 374,700 new jobs in urban areas, completing 149.9% of the annual plan.
Residents' income has increased steadily.
In 2020, Guizhou introduced a number of policies and measures to promote the return of migrant workers to work and absorb the employment of poverty-stricken households that have established files. The wage income of all residents increased by 7.2%, and the contribution rate to per capita disposable income reached 54.5%.
Shanghai has introduced a series of powerful measures to ensure people's livelihood, and residents' transfer income has maintained a steady growth, contributing about 60% of the annual disposable income growth.
The income ratio of urban and rural residents in Zhejiang Province was 1.96, a decrease of 0.05 from the previous year. It has been shrinking for eight consecutive years. It has fallen to less than 2 for the first time since 1993.
The vitality of market entities continued to grow.
In 2020, Zhejiang Province has 8.03 million registered market entities and 2.82 million enterprises, an increase of 10.9% and 11.2% respectively over the previous year.
The number of market entities in Guizhou Province reached 3,467,600, an increase of 13.0% over the previous year. In particular, there were 314 newly-built industrial enterprises above designated size, 93 more than in 2019.
Looking forward to 2021, the local economy is expected to continue its stable recovery trend, and economic operations will tend to normal.
Various localities have expressed that they will base themselves on the new development stage, implement new development concepts, build a new development pattern, take advantage of the trend, consolidate and expand the results of epidemic prevention and control and economic and social development, and promote high-quality development during the "14th Five-Year Plan" period. Good step.
(Xiong Li)