28 local three quarterly reports released Hubei and Hainan's GDP growth rate temporarily leads

　　Our reporter Liu Meng and Meng Ke

　　"Securities Daily" reporters combed through data from various statistical bureaus. As of 17:00 on October 25, 28 provinces (autonomous regions and municipalities) have published economic data for the first three quarters of this year.

　　In terms of total GDP indicators, the top ten are Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Sichuan, Fujian, Hubei, Hunan and Anhui.

Among the 28 provinces that have published data, 15 provinces have a total GDP of more than 2 trillion yuan. Among them, the total GDP of Guangdong and Jiangsu in the first three quarters exceeded 8 trillion yuan.

　　Hainan's two-year average growth rate temporarily ranks first

　　Judging from the year-on-year growth rate of GDP in the first three quarters, a total of 10 provinces outperformed the country (a year-on-year growth rate of 9.8%).

Among them, Hubei temporarily ranked first with 18.7%; Hainan temporarily ranked second with 12.8%; Beijing, Zhejiang, Shanxi, Jiangsu, Anhui, Jiangxi, Shandong, and Chongqing followed closely behind.

The GDP growth rate of Shanghai in the first three quarters was 9.8% year-on-year, which was the same as the national growth rate.

　　Ye Fusheng, chief statistician of the Hubei Provincial Bureau of Statistics, said at a press conference on Hubei's economic operation in the first three quarters of 2021, Hubei has been focusing on promoting high-quality development this year, scientifically coordinating the province’s epidemic prevention and control and economic and social development, and effectively responding to the epidemic. In the flood conditions and other tests, the province's economic operation continued to recover steadily, and the development resilience continued to appear.

　　In addition, among the 28 provinces that have released GDP data for the first three quarters of 2021, except Henan, Inner Mongolia, and Liaoning, which have not yet announced the two-year average growth rate, the other 25 provinces have released the data.

Among them, the two-year average growth rate of 17 provinces including Hainan, Zhejiang, Jiangsu, Anhui, Jiangxi, Chongqing, Guizhou, Shanxi, Shandong, Sichuan, Yunnan, Hunan, Fujian, Gansu, Ningxia, Guangxi, and Beijing exceeded the national level (two The average annual growth rate is 5.2%).

Among them, the two-year average growth rate of Hainan's GDP temporarily ranks first, at 6.8%.

　　Fu Yifu, a senior researcher at the Suning Institute of Finance, said in an interview with a reporter from the Securities Daily that the main reason for Hainan’s economic “leading” is that the epidemic prevention and control work is progressing well, and it also benefits from the continuous release of free trade port policy dividends and tax exemption. With the return of large-scale consumption triggered by the economy, the growth rate of Hainan's fixed asset investment and total retail sales of social consumer goods was significantly higher than the national average, which strongly drove the high growth of the local economy.

　　The western region's growth rate is relatively lagging

　　In fact, among the 10 provinces whose GDP growth rate outperformed the whole country, only Chongqing is from the western region.

Since the beginning of this year, the GDP growth rate in the western region has generally been lower than the national level.

Take Sichuan Province, which has the largest economic aggregate in the west, as an example. Its GDP growth rate in the first three quarters of this year was 9.3%, 0.5% lower than that of the country.

In addition, as the leader in Northwest China, Shaanxi's GDP growth rate in the first three quarters ranked second among the 28 provinces mentioned above, only higher than Qinghai.

　　In comparison, the top five GDP growth rates in the first three quarters of last year were Tibet, Guizhou, Gansu, Yunnan, and Ningxia. Tibet has not yet released GDP data for the first three quarters of this year. The speeds are 8.7%, 8.5%, 8.9% and 8.4%, which are all lower than the national growth rate of 9.8%, ranking 18th, 20th, 15th, and 15th respectively among the 28 provinces with published data this year. 21st place.

　　Regarding the relatively lagging GDP growth rate in the first three quarters of this year in the western region of China, Fu Yifu said that on the one hand, the central and western regions will be relatively less affected by the epidemic in 2020, while the eastern region will be more affected, resulting in the central and western region’s economic aggregate base. It is relatively high, which has affected the growth rate of this year to a certain extent. On the other hand, the economic growth model of the central and western regions is still relatively traditional, relying more on investment, and the ability of technological innovation is relatively weak, while the traditional extensive The type of growth model is often unsustainable. The fixed asset investment in many central and western provinces has declined significantly compared with last year, and the economic growth rate has been affected to a certain extent. This also exposes the gap in the industrial structure and industrial level of the central and western regions.

　　Liu Xiangdong, deputy director of the Economic Research Department of China International Economic Exchange Center, said in an interview with a reporter from Securities Daily that the slowdown in GDP growth in the central and western regions was mainly due to the relatively slow recovery of investment and consumption. In the past, the central and western regions mainly relied on investment and consumption. This year, the supporting role of foreign trade on the economy is relatively strong, and the eastern coastal areas have advantages in foreign trade import and export. Therefore, the economic recovery progress of the central and western regions is relatively lagging.

　　Fu Yifu said that from the perspective of "dual cycles", it is necessary to further promote the formation of a strong domestic market, starting from the promotion of residents' consumption and the promotion of new infrastructure.

At the same time, by improving the business environment, optimizing the structure of foreign trade, and actively expanding the emerging markets of countries along the "Belt and Road", we will help stabilize foreign trade and foreign investment.

In addition, it should also consciously increase total factor productivity, improve production efficiency through technological progress, digital transformation, and optimize resource allocation, so as to obtain more output with less investment. Specifically, it can increase R&D investment and strengthen technological innovation capabilities. And informatization construction, accelerating market-oriented reforms, and improving the quality of education.

　　Liu Xiangdong said that from the perspective of local GDP growth in the first three quarters, the economic situation throughout the year remained stable and positive. However, due to the influence of the base, it is expected that the annual economic growth rate will show a trend of "high before and low afterwards".

(Securities Daily)