(Economic Observation) Inventory of the semi-annual report of China's local economy: Hubei's "running" is recovering, and all regions are "filling the hole"

  China News Agency, Beijing, August 1 (Reporter Wang Enbo) The GDP data of China's 31 provinces in the first half of the year have been announced recently. In terms of year-on-year growth rate and economic aggregate, Hubei and Guangdong ranked first in the country.

But more important than the rankings is that all regions are quickly filling in the “pits” hit by the epidemic last year, and economic operations are gradually returning to normal.

  In the first half of the year, China's GDP grew by 12.7% year-on-year, with an average growth rate of 5.3% over the two years.

The reporter checked the data of various local statistical bureaus and found that a total of 10 provinces had a year-on-year growth rate that exceeded the national level in the first half of the year, and 17 provinces outperformed the country in two-year average growth rate.

  Specifically, Hubei, which was hit hardest by the epidemic last year, continued to "running" and recovered. In the first half of the year, its GDP grew by 28.5% year-on-year; Hainan, which grew by 17.5%, ranked second, and Zhejiang and Beijing tied for third with a growth rate of 13.4%.

Other provinces that outperformed the country in terms of year-on-year growth in the first half of the year were Jiangsu (13.2%), Guangdong (13.0%), Anhui and Jiangxi (12.9%), Shandong and Chongqing (12.8%).

  Judging from the two-year average growth rate that can more objectively reflect economic recovery and actual development, the top three fastest growing in the first half of the year were Tibet (7.1%), Hainan (7.0%), and Jiangsu (6.9%).

Hubei has grown by 1.8% on average in two years.

  In terms of economic aggregates, Guangdong, Jiangsu, and Shandong still steadily occupy the top three.

In the first half of the year, Guangdong's total GDP reached 57,22.631 billion yuan (RMB, the same below), and Jiangsu reached 55,199.963 billion yuan, both of which entered the "5 trillion yuan club."

Shandong ranks third with 3,890.635 billion yuan, surpassing the 3 trillion yuan mark with Zhejiang (3,455.6 billion yuan).

  What is the concept of the half-year GDP scale of 5 trillion yuan (about 773.9 billion US dollars)?

According to data from the World Bank, in 2020, Australia's GDP in developed countries will be about US$1.33 trillion, which is less than US$700 billion by half.

  On the whole, under the background of stable and strengthening China's overall economy, local economies are making up for it strongly.

Take Hubei as an example. In the first half of the year, the two-year average growth rates of the province’s first, second, and tertiary industries were 4.1%, 2.1%, and 1.6%, respectively. It only took two quarters to achieve the two-year average growth rates of the three industries. Positive number.

  Ye Fusheng, chief statistician of the Hubei Provincial Bureau of Statistics, said that excluding the impact of the base period caused by the epidemic, compared with the same period in 2019, the growth rate of Hubei's main indicators has dropped on the surface, but has actually rebounded. The economic recovery process has been accelerating and gradually converging to the normal growth rate. , To initially achieve the interim goal of "recovering the negative growth of last year."

  In Guangdong, where the economy ranks first in the country, Yang Xinhong, director of the Provincial Statistics Bureau, said that Guangdong is returning to a normal growth track. This recovery is achieved by overcoming the local epidemic in May and June and the lack of cores. of.

In the first half of the year, Guangdong's GDP accounted for approximately 10.8% of the national total. From the perspective of the overall volume, it is an important component of the national economy, reflecting that growth has stabilized.

  As the main engine of China's economic growth, consumption in various regions has gradually returned to normal.

Hainan, a major tourism province, is in the forefront of the country in terms of its two-year average growth rate. The province’s catering revenue in the first half of the year was 12.962 billion yuan, a year-on-year increase of 89.1%.

According to the person in charge of the Trade and Foreign Economic and Tourism Department of the Hainan Provincial Statistics Bureau, with the continuous expansion of the vaccination group, the consumption demand of residents for dining out has accelerated, and the consumption demand of the holiday tourism market has been superimposed, which has further activated the Hainan catering market.

  In the process of economic replenishment in various regions, new momentum cannot be ignored.

Wang Meifu, chief statistician of the Zhejiang Provincial Bureau of Statistics, said that in the first half of the year, the added value of the core industries of the province's digital economy was close to 400 billion yuan, a year-on-year increase of 17.6%, and the proportion of GDP increased to 11.5%; the average growth rate in the two years was 18.5%.

Among them, high-tech, equipment manufacturing and other industries dominated by the digital economy have grown relatively fast. For example, wearable smart products have grown by more than 40% on average in two years.

  With the economic recovery in various places, the people's wallets are also recovering.

In the first half of the year, the per capita disposable income of Chinese residents was 17,642 yuan. A total of 10 provinces at the local level were above this level, followed by Shanghai, Beijing, Zhejiang, Jiangsu, Tianjin, Guangdong, Fujian, Shandong, Liaoning, and Chongqing.

Among the top three, Shanghai's per capita disposable income reached 40,357 yuan, which was the only area with more than 40,000 yuan; followed by Beijing and Zhejiang with 38,138 yuan and 30,998 yuan respectively.

  The rapid growth of wage income has laid a solid foundation for residents to increase their income.

According to Fang Xiaodan, Director of the Households Department of the National Bureau of Statistics of China, in the first half of the year, the national per capita wage income of residents was 10,104 yuan, an increase of 12.1%, compared with the first half of 2019, an average increase of 7.2% in two years.

With the continuous recovery of the national economy, the employment situation of residents has continued to improve, driving a rapid increase in wage income.