(Economic Observation) China's 31 provinces GDP data in the first three quarters reveals that development resilience in many places continues to show
China News Agency, Beijing, November 1st, title: China's first three quarters of 31 provinces GDP data revealed that the development resilience of many places continues to show
Author Chen Jing
All the economic data for the first three quarters of China's 31 provinces have been released recently.
The overall economy of all regions has maintained a recovery trend, the economic structure has continued to be optimized, and the quality of development has been continuously improved, providing a solid guarantee for the realization of the annual economic and social development goals.
The GDP growth rate of 10 provinces in the first three quarters "outperformed" the whole country
The data shows that there are 15 provinces with a total GDP of more than 2 trillion yuan (RMB, the same below).
Among them, Guangdong's GDP exceeded 8.8 trillion yuan, ranking first; Jiangsu's GDP exceeded 8.4 trillion yuan, ranking second, and also entered the "8 trillion yuan club". The total gap between Jiangsu and Guangdong has narrowed. Shandong’s GDP exceeds 6 trillion yuan, ranking third.
Affected by "inadequate coal supply, flood conditions and other occasional and structural factors", the national economy slowed down in the third quarter.
In the first three quarters, China's GDP grew by 9.8% year-on-year, and the two-year average growth rate was 5.2%.
According to the analysis, a total of 10 provinces had a year-on-year growth rate exceeding the national level in the first three quarters, and the average growth rate of 19 provinces outperformed the country in two years.
Among them, the economy of Hubei Province continued to recover.
Chen Yao, vice president and secretary-general of the Chinese Association of Regional Economics, and deputy director of the Western Development Research Center of the Chinese Academy of Social Sciences, said in an interview with China News Agency that the base figure last year was low, coupled with the increase in infrastructure investment in Hubei, a large number of The pulling effect is obvious, making Hubei's growth rate as high as 18.7% in the first three quarters of this year, leading the country.
Ye Fusheng, chief statistician of the Hubei Provincial Bureau of Statistics, said that since the beginning of this year, Hubei’s economy has resumed rapid growth in an all-round and stable manner. appear.
The eastern region accelerates economic transformation
Hainan's GDP growth rate in the first three quarters was 12.8%, ranking second.
Hainan's two-year average growth rate was 6.8%, ranking first.
From the perspective of GDP growth in the first three quarters, the remaining “top ten” players are: Beijing 10.7%, Zhejiang 10.6%, Shanxi 10.5%, Jiangxi 10.2%, Anhui 10.2%, Jiangsu 10.2%, Shandong 9.9%, and Chongqing 9.9%.
In the first three quarters, Hainan's consumption and investment growth rate ranked among the top in the country.
"This is related to the rapid development of the service industry under the effects of policy support such as the construction of a free trade port." Liang Jing, a senior researcher at the Bank of China Research Institute, said that the added value of Hainan's tertiary industry in the first three quarters increased by 17.4% year-on-year, and its contribution to economic growth reached 81.3%, an average increase of 9.3% in two years.
Beijing, which ranked third in GDP growth in the first three quarters, ranked first in the country in terms of industrial added value growth, reaching 38.7%, and the two-year average growth rate was 17.7%.
Liang Jing believes that this is mainly due to the rapid growth of pharmaceutical, high-tech, and strategic emerging industries, which increased by 3.3, 1.4, and 1.1 times respectively in the first three quarters.
Although Beijing’s industrial share is relatively low, only 13.8% in the first three quarters of this year, its relatively rapid growth has played an important role in driving GDP growth.
Among the “Top Ten” growth rate, Jiangsu and Zhejiang have developed rapidly in high-tech industries. In the first three quarters, the output value of Jiangsu's high-tech industries increased by 25% year-on-year, accounting for 48.1% of the industrial enterprises above designated size; Zhejiang focused on promoting digital reforms and digital economy The development momentum is strong. The core industries of the digital economy grew by 24.2% in the first three quarters, and the two-year average growth rate was 19.2%.
Brush foot "sense of existence" in the central region
In the central region, with the exception of Hubei, Jiangxi, Shanxi and other places performed more prominently, with a wave of "sense of existence."
Liang Jing pointed out that Jiangxi's consumption, investment, and export growth rates are among the highest in the country. This is related to the promotion of industrial structure transformation and upgrading in recent years. The electronic information industry has accelerated the introduction and cultivation of Strategic emerging industries have grown rapidly.
Shanxi's performance can also be said to be "coal dancing".
The analysis believes that, on the one hand, Shanxi, as a major coal resource province, is responsible for ensuring coal supply for "half of China." Rising demand and rising prices have also driven Shanxi's economic growth to a certain extent.
In the first three quarters, Shanxi's industrial added value grew by 14.0%, ranking first in the country.
On the other hand, the sudden emergence of foreign trade performance is also one of the reasons that propped up Shanxi's eye-catching economic data.
In the first three quarters, Shanxi's total import and export volume reached 170.34 billion yuan, an increase of 76.8%, and the growth rate was also among the highest in the country.
In addition to Shanxi, Yunnan, Guizhou, Jiangxi, Sichuan and other regions have the highest two-year average export growth rate in the country, all above 20%, which is better than traditional foreign trade provinces such as Zhejiang, Jiangsu and Guangdong.
Liang Jing believes that on the one hand, the central and western regions have been affected by factors such as the transfer of industries from the east in recent years and the low total foreign trade base. On the other hand, it may be related to the increase in commodity prices. The central and western regions are generally rich in agricultural products and raw materials resources. , The rise in raw material prices drove the rapid growth of exports.
The growth rate of the western region slows down
Since the beginning of this year, the GDP growth rate of many western provinces has generally been lower than the national level.
In contrast, the top five GDP growth rates in the first three quarters of last year were Tibet, Guizhou, Gansu, Yunnan, and Ningxia. The GDP growth rates of these five provinces in the first three quarters of this year were all lower than the national growth rate of 9.8%.
Chongqing's two-year average GDP growth rate was higher than that of other western regions, making it the only region in the western region whose growth rate was higher than the national GDP growth rate in the first three quarters of this year.
Chen Yao said that relatively speaking, the western region was less affected by the epidemic last year, and the economic growth rate was relatively high.
Affected by the high base last year and sporadic epidemics in Yunnan, Ningxia and other places this year, affecting the supply chain, industrial chain, and affecting the economy to a certain extent, economic growth in the western region generally slowed down in the first three quarters.
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