Author: Lin Xiaozhao
The GDP data of major cities in the first half of the year have been released one after another.
According to statistics compiled by a reporter from China Business News, the top ten cities for GDP in the first half of the year were: Shanghai, Beijing, Shenzhen, Guangzhou, Chongqing, Suzhou, Chengdu, Hangzhou, Wuhan and Nanjing.
Among them, 6 cities had GDP exceeding one trillion in the first half of the year, and Shanghai exceeded 2 trillion; Nanjing's two-year average growth rate reached 7.3%, leading the way among the top ten cities.
Shanghai's GDP exceeded 2 trillion in the first half of the year
Data show that in the first half of the year, the four first-tier cities of Shanghai, Beijing, Shenzhen and Guangzhou ranked top four in terms of total GDP.
Among them, Shanghai's GDP in the first half of the year broke the 2 trillion mark, reaching 2010.253 billion yuan.
Shanghai’s report card shows many bright spots, especially in terms of consumption. In the first half of the year, the city’s total retail sales of consumer goods was 904.844 billion yuan, an increase of 30.3% over the same period last year, and an average growth rate of 7.6% in two years. The total volume continued to rank first in the country.
On July 19th, Minister of Commerce Wang Wentao announced that, with the approval of the State Council, it will take the lead in developing international consumption center cities in Shanghai, Beijing, Guangzhou, Tianjin, and Chongqing.
Shanghai is considered by the outside world to be the first to achieve a breakthrough in consumption, and to lead future consumption, and become an international consumption center city ahead of schedule.
On July 31, the mobilization meeting of Shanghai to build an international consumption center city was held.
Shanghai will give full play to the role of consumption in supporting high-quality development and stable growth, focusing on 7 aspects, 28 tasks, and a blueprint to the end, and strive to take the lead in the overall goal of becoming an international consumption center city by the end of the "14th Five-Year Plan".
At present, Shanghai's consumer supply is leading the trend. The concentration of world-renowned high-end brands exceeds 90%, and the number of first stores and flagship stores ranks first in the country. International brands have chosen Shanghai to launch new product launch activities.
According to statistics from China Business, in the first half of this year, Shanghai opened 513 first stores of various types, a year-on-year increase of 60.3%, and basically recovered to the pre-epidemic level. The number of first stores throughout the year is expected to exceed 1,000.
At the same time, in recent years, the continuous deepening of the integration of the Yangtze River Delta has a strong stimulating effect on Shanghai's consumption growth.
Niu Fengrui, a researcher at the Urban Development and Environmental Research Center of the Chinese Academy of Social Sciences, analyzed by China Business News that Shanghai, as the only megacity and first-tier city in the Yangtze River Delta, has attracted a large number of people from surrounding areas to consume.
At the same time, these neighboring cities have developed economies, people's income levels are high, and the overall consumption power is very strong.
In addition, in the integration process of the Yangtze River Delta, the infrastructure from neighboring cities to Shanghai has been continuously improved, and the division of labor and cooperation between them has become more in-depth.
In the first half of the year, Beijing achieved a regional GDP of 192.280 billion yuan, ranking second.
The added value of Beijing's tertiary industry in the first half of the year was calculated at comparable prices, a year-on-year increase of 10.1%, and an average growth of 3.3% over the two years.
Among them, the information transmission, software, and information technology service industries achieved an added value of 350.09 billion yuan, a year-on-year increase of 17.2%, and a two-year average increase of 12.7%; the financial industry achieved an added value of 369.81 billion yuan, a year-on-year increase of 5.0%, and a two-year average increase of 5.3% The scientific research and technical service industry achieved an added value of 153.84 billion yuan, an increase of 5.5% year-on-year, and an average growth rate of 0.5% in two years. The three industries contributed more than 50% to the growth of the service industry.
Shenzhen and Guangzhou, the two first-tier cities from southern China, are ranked third and fourth.
Among them, Shenzhen's GDP reached 1432.447 billion yuan; Guangzhou was 1.310189 billion yuan, holding the fourth position. The impact of the local epidemic in Guangzhou from late May to June on economic growth is generally controllable.
On July 23, Guangzhou held a press conference on economic performance in the first half of the year.
Feng Jun, deputy director of the Guangzhou Municipal Bureau of Statistics, introduced at the meeting that this round of epidemic has caused a certain degree of disturbance to some regions and some industries in a short period of time, and it has caused a certain degree of disturbance to accommodation and catering, physical retail, transportation, cultural and sports entertainment, business exhibitions, etc. The impact of concentrated consumption and service industries is relatively obvious.
The data shows that in June, the turnover of accommodation and catering above designated size dropped by nearly 40% compared with May, and the business of physical stores such as supermarkets and department stores fell sharply. For example, the passenger flow of automobile 4S stores decreased, and the retail sales of automobiles above designated size in June compared with May A drop of more than 15%.
Peng Peng, executive chairman of the Guangdong Institutional Reform Research Association, analyzed by China Business News that the Guangzhou epidemic in May and June mainly occurred in the Fangcun area of Liwan District, which had a relatively large impact on traditional catering, cultural, sports and entertainment services that require face-to-face.
Although there are many wholesale markets in Guangzhou, e-commerce is currently relatively developed, and the manufacturing and modern service industries are minimally affected by the epidemic.
On the whole, Guangzhou's economy has been relatively unaffected by this round of the epidemic.
On the other hand, in recent years, Guangzhou has focused its efforts on the development of emerging industries such as a new generation of information technology, artificial intelligence, and biotechnology industries.
Peng Peng said that in recent years, Guangzhou's new business formats and new economic performance have been quite outstanding. For example, the rapid development of the Internet cluster in Pazhou has become more and more leading.
In recent years, the total GDP gap between Guangzhou and Chongqing is very small.
In 2020, the GDP of the two cities will exceed 2.5 trillion yuan, and Guangzhou narrowly beat Chongqing 1.632 billion yuan to hold the fourth position.
In the first quarter of this year, Guangzhou's leading advantage expanded to 40.884 billion yuan.
However, due to the impact of the epidemic, Guangzhou's leading advantage was reduced in the first half of the year.
Statistics show that Chongqing’s GDP in the first half of the year was 1,290.341 billion yuan, which is 19.848 billion yuan behind Guangzhou.
Rapid development of the Yangtze River Delta
After Chongqing, Suzhou's GDP in the first half of the year reached 1,068.466 billion yuan, continuing to rank sixth.
As a major industrial city, Suzhou has seen its industrial growth rate very impressive this year.
Statistics show that in the first half of the year, the city achieved a total industrial output value of 1966.49 billion yuan, a year-on-year increase of 26.5%, and an average increase of 12.3% in two years.
31 of the city's 35 major industrial sectors achieved double-digit growth, and six of the top ten industries grew by more than 30% in output value.
Chengdu achieved a GDP of 960.272 billion yuan in the first half of the year, ranking seventh.
Hangzhou, Wuhan and Nanjing ranked 8th to 10th.
In terms of economic growth, considering that the first quarter of 2020 and even the first half of 2020 will be more affected by the epidemic, the two-year average growth rate is more measurable.
From the two-year average growth rate of the top ten cities, three cities have reached or exceeded 7%, namely Hangzhou, Suzhou and Nanjing, all from the developed areas of the Yangtze River Delta.
Ding Changfa, associate professor of the Department of Economics of Xiamen University, analyzed the China Business News that in recent years, the integration of the Yangtze River Delta has continued to deepen, and the division of labor and collaboration between cities in the Yangtze River Delta has increased, including the continuous improvement of hardware infrastructure such as high-speed rail, capital, technology, and talent. The elements are further clustered in cities in the Yangtze River Delta.
At the same time, the Yangtze River Delta has very rich higher education resources and has a large number of talents. In the process of transforming the demographic dividend to the talent dividend, the advantages of the Yangtze River Delta are very obvious. The development of new economy and emerging industries in these places is very prominent.
Among them, data from the Hangzhou Municipal Bureau of Statistics show that in the first half of the year, the city’s digital economy’s core industries added value was 230.6 billion yuan, accounting for 26.7% of GDP, a year-on-year increase of 16.7%; the average growth rate in the two years was 13.6%, which was 6.6 percentage points higher than the GDP growth rate. .
Among related industries, the added value of the robotics industry increased by 38.2% year-on-year, and the added value of the integrated circuit and artificial intelligence industries increased by 25.2% and 23.4% respectively.
Peng Peng said that as my country enters a new stage of transformation and upgrading, in the new round of industrial competition, technology-driven has become the key to urban development. The development of the science and innovation industry in the Yangtze River Delta region is very prominent. The science and innovation board enterprises are relatively concentrated, the traditional manufacturing industry and the new economy are closely integrated, and the transformation and upgrading of the entire region is accelerating.