The GDP data of 31 provinces (autonomous regions and municipalities) in the first half of the year are released-

How are the provincial GDP "mid-term exams" scores?

(Rui Finance)

  Recently, various localities have successively released economic data.

As of August 2, the GDP of 31 provinces (autonomous regions and municipalities) has been released.

According to the data, in the first half of 2021, China's GDP grew by 12.7% year-on-year, and the two-year average growth rate was 5.3%. A total of 10 provinces had a year-on-year GDP growth rate higher than the national level, and 17 provinces had a two-year average growth rate higher than the national level.

Relevant sources pointed out that from various data, in the first half of this year, my country's results in the overall planning of epidemic prevention and control and economic and social development have been continuously expanded and consolidated.

Guangdong and Jiangsu are firmly in the forefront

  Look at the total amount-in the first half of 2021, the economic aggregates of Guangdong and Jiangsu ranked top two in the country, each exceeding 5 trillion yuan.

In the first half of the year, Guangdong’s GDP totaled 57,22.631 billion yuan, and Jiangsu reached 551,993 million yuan.

In addition, Shandong and Zhejiang's GDP in the first half of the year also exceeded the 3 trillion yuan mark.

  Look at the growth rate-in the first half of the year, 10 provinces had a year-on-year GDP growth rate higher than the national level, and the two-year average growth rate of 17 provinces was higher than the national level.

Hubei, Hainan, Zhejiang, and Beijing led the country in year-on-year GDP growth, while Tibet, Hainan, and Jiangsu led the two-year average growth rate.

  In an interview with our reporter, Su Jian, a professor at the School of Economics of Peking University and director of the National Economic Research Center of Peking University, said that in the first half of the year, the major economic provinces in the eastern coastal region performed well in terms of economic recovery and development. The central and western economic major provinces such as Henan and Sichuan The GDP growth rate is also above 10%, which has played a significant role in the recovery and development of China's economy.

  Su Jian analyzed that in the face of the impact of the epidemic, the policy toolbox from the central level has strongly supported the economic recovery of various regions, and ensured the coordinated development of the region, to the greatest extent possible to prevent the large and underdeveloped provinces from coordinating the prevention and control of the epidemic and the economy and society. There is polarization in development.

  The prudent monetary policy has maintained continuity, stability and sustainability, and has provided strong support for the recovery of economic stability.

According to data released by the People's Bank of China a few days ago, in the first half of the year, Jiangsu and Guangdong ranked the top two in the country's 31 provinces in terms of increase in social financing, with 2,346.7 billion yuan and 2,169.8 billion yuan respectively.

The total amount of money, credit and financing increased reasonably, and the real economy was supported firmly.

  A proactive fiscal policy improves quality and efficiency, and is more sustainable, and promotes stable and stable economic operation and stability and improvement.

According to data released by the Ministry of Finance a few days ago, from January to June, the national general public budget revenue was 11,711.6 billion yuan, a year-on-year increase of 21.8% and an increase of 8.6% over the same period in 2019. Expenditures in key areas such as people's livelihood were effectively guaranteed.

Hubei and Hainan are growing fast

  Looking at the GDP data for the first half of the year, many central and western provinces maintained relatively high growth rates, and the growth rates of Hubei, Anhui, Jiangxi, and Chongqing were all higher than the national level.

Among them, Hubei is far ahead of 31 provinces with a year-on-year GDP growth rate of 28.5%.

  Ye Fusheng, chief statistician of the Hubei Provincial Bureau of Statistics, said that the growth rate of Hubei's main economic indicators in the first half of the year has slowed down compared with the first quarter.

However, excluding the base-period impact caused by the epidemic, compared with the same period in 2019, the growth rate of main indicators has dropped on the surface but actually rebounded, and the process of economic recovery has been accelerating, gradually returning to the normal level of growth.

  "Under the combined effect of the strengthening of economic endogenous power and the force of trend regression, the province's economic growth has shown a basic trend of continuous recovery, rapid growth, and improved quality and efficiency, and the initial goal of'recovering the negative growth of last year' has been achieved. "Ye Fusheng said.

  Hainan followed Hubei with a 17.5% GDP growth rate in the first half of the year, ranking second among all provinces in the country.

According to Su Jian's analysis, this is mainly affected by factors such as the relatively small base of Hainan's economic aggregate and the acceleration of investment growth.

  According to data released by the Hainan Provincial Bureau of Statistics, Hainan’s investment growth rate continued to accelerate in the first half of the year, and the investment structure became better and better. The province’s fixed asset investment increased by 20.7% year-on-year, and the two-year average growth rate was 11.5%.

"The benefits brought by the construction of the Hainan Free Trade Port have boosted investment growth and promoted Hainan’s rapid economic growth in the first half of the year. In addition, from the two-year average economic growth rate, Hainan’s 7% growth rate is also relatively high across the country. Level." Su Jian said.

Economic operation continues to recover steadily

  Liu Aihua, spokesperson for the National Bureau of Statistics, said that from all aspects of data, in the first half of this year, my country’s results in the overall planning of epidemic prevention and control and economic and social development have been continuously expanded and consolidated, and economic operations have continued to recover steadily. Good in the middle.

  "Looking at the'transcripts' of various regions in the first half of the year, most of the provinces with better performance have better regional economic foundations, relatively advanced social governance levels, and more appropriate measures to respond to the epidemic, so their economic recovery process is also faster." Su Jian said.

  Facing the "second half" of China's economy in 2021, what are the prospects for the sustained recovery and development of the national economy?

  A prudent monetary policy will remain flexible, precise, reasonable and appropriate.

A few days ago, the People’s Bank of China’s work conference in the second half of 2021 required the comprehensive use of multiple monetary policy tools to maintain reasonable and sufficient liquidity, guide the reasonable growth of loans, and maintain the growth rate of money supply and social financing scale basically matching the nominal economic growth rate. .

  A proactive fiscal policy will also maintain continuity, stability and sustainability.

According to the relevant person in charge of the Ministry of Finance, in the second half of the year, the finance department will improve expenditure efficiency, improve fund use performance, focus on supporting the implementation of major national strategic tasks, focus on ensuring and improving basic people's livelihood, and focus on promoting risk prevention and resolution.

  Su Jian said: "Although there are still many uncertainties in the prevention and control of the epidemic, it is certain that China's economy will continue to recover steadily in the second half of the year, and the inflation risk is generally controllable."

  Wang Wenzheng

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