The third quarterly report of the top ten cities in GDP: four cities exceed 2 trillion yuan and Chongqing closely follows Guangzhou

  The third quarter economic data of the top ten cities in terms of total GDP have all been released.

  Judging from the 2021 "Three Quarterly Reports" of major cities, there are four cities whose GDP in the first three quarters exceeded 2 trillion yuan, of which Shanghai exceeded 3 trillion yuan.

The fifth place Chongqing is also close to 2 trillion yuan, and the gap with Guangzhou is only a short distance away.

In the third quarter, Nanjing was greatly affected by the epidemic. Although the growth rate decreased significantly, the total GDP remained in the top ten.

Top ten cities in GDP in 2021 (data source: CBN according to data released by various regions)

  In terms of total volume, Shanghai and Beijing are the top two first-tier cities.

Shanghai’s GDP in the first three quarters exceeded 3 trillion yuan for the first time, reaching 3,086.673 billion yuan. Calculated at comparable prices, it was an increase of 9.8% over the same period last year and an average growth rate of 4.6% over the two years.

In the first three quarters, Beijing’s GDP was 2975.30 billion yuan, which is also approaching the 3 trillion mark, an increase of 10.7% year-on-year, and an average growth rate of 5.3% in the two years.

From the perspective of major cities, Shanghai and Beijing are two strong first-tier cities that are far ahead, and the development of emerging industries in the two cities is very eye-catching.

  The third quarter data released by Shanghai showed that in the first three quarters, the total output value of Shanghai's industrial strategic emerging industries increased by 15.9% year-on-year, which was 2.6 percentage points higher than the planned total industrial output value.

Among them, new energy vehicles, digital creativity, and new energy increased by 2.3 times, 29.2%, and 27.2% respectively year-on-year, highlighting the "speed" of innovative economic development.

  According to data released by the Beijing Municipal Bureau of Statistics, from January to September 2021, high-tech enterprises in the Zhongguancun Demonstration Zone (the designated size) achieved total revenue of 5.9 trillion yuan, an increase of 25.4% over the same period of the previous year, and an average increase of 17.9% over the two years; Technology revenue was 116.231 billion yuan, an increase of 23.3% year-on-year, and an average growth rate of 24.4% over the two years.

Among them, the fields of electronics and information, bioengineering and new medical technology maintained relatively high growth.

  After the top two, Shenzhen and Guangzhou, two first-tier cities from southern China, surpassed the 2 trillion mark, ranking third and fourth respectively.

Among them, Shenzhen achieved a GDP of 2,179.118 billion yuan, and its total volume continued to rank third among large and medium-sized cities in China.

Guangzhou's revenue was 2002.912 billion yuan, an increase of 9.9% year-on-year, and an average growth rate of 5.3% in two years.

  However, although Guangzhou held the fourth position, the fifth-placed Chongqing GDP in the first three quarters reached 1995.189 billion yuan, an increase of 9.9% year-on-year, and an average growth rate of 6.2% in two years. The gap with Guangzhou is only 7.7 billion yuan. .

Compared with Guangzhou leading Chongqing by nearly 20 billion yuan in the first half of the year, the gap is further narrowing.

Taking into account the gap in growth rates between the two places, there is still doubt as to whether Guangzhou can maintain its fourth position in the whole year.

Zhujiang New Town, Tianhe District, Guangzhou (Photo by Lin Xiaozhao/)

  Lin Jiang, deputy director of the Hong Kong, Macao and Pearl River Delta Research Center of Sun Yat-Sen University, said in an interview with China Business News that the GDP of Guangzhou and Chongqing in the first three quarters were very close. Guangzhou has hopes to maintain its leading position. of.

The development potential of Chongqing is great, especially the two-city economic circle strategy in Chengdu-Chongqing region has been upgraded to a national strategy, which will bring great driving force to the development of Chongqing.

  Peng Peng, executive chairman of the Guangdong Provincial Institutional Reform Research Association, analyzed to a reporter from China Business News that Chongqing has a population of more than 30 million and an area of ​​82,400 square kilometers, which is equivalent to a medium-sized province.

The population, area, and surrounding hinterland are much larger than that of Guangzhou, and there is a lot of room for maneuvering.

Although the supporting power of Chongqing's traditional pillar industries has gradually weakened, in recent years the industrial structure has also been adjusted, and emerging industries have also been deployed. The growth momentum is also very strong and the stamina is sufficient.

Therefore, in the long run, it is normal to surpass Guangzhou in the future.

  After Chongqing, Suzhou's GDP in the first three quarters was 1,639.331 billion yuan, ranking sixth.

As the "best prefecture-level city", industry is the magic weapon for Suzhou to win.

Statistics show that in the first three quarters, the city's total industrial output value above designated size was 305.33 billion yuan, a year-on-year increase of 20.5%, and an average increase of 10.8% in two years.

Suzhou is backed by Shanghai, and the spillover effect of Shanghai is very significant. In the development of local high-tech industries in recent years, Shanghai's service and radiating role are very crucial.

  Chengdu, Hangzhou, and Wuhan rank six to nine.

Nanjing was greatly affected by the epidemic in July and August, and its year-on-year growth rate dropped by 4.4 percentage points from the first half of the year, ranking second among the 13 cities in the province.

However, in terms of total GDP, Nanjing still leads Tianjin by 48.951 billion yuan, ranking tenth.

  In addition, from the perspective of growth rate, considering that the first quarter of 2020 and even the first three quarters 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, Suzhou and Hangzhou in the Yangtze River Delta both reached 6.6%, ranking first among the top ten cities.

  In recent years, the integration of the Yangtze River Delta has continued to deepen, and the division of labor and collaboration among cities in the Yangtze River Delta has been enhanced, including the continuous improvement of hardware infrastructure such as high-speed rail, and capital, technology, and talents have further gathered in the Yangtze River Delta cities.

The Yangtze River Delta has rich resources for higher education and a large number of talents. The development of high-tech industries and emerging industries is very prominent. After the opening of the Science and Technology Innovation Board, cities including Shanghai and Suzhou have become the gathering places for listed companies on the Science and Technology Innovation Board, which has further driven The development of urban economy and regional economy.

(Author: Lin Xiaozhao)