Our reporter Meng Ke
After the first-quarter gross domestic product (GDP) was released, the first-quarter GDPs of various regions were also released one after another.
A few days ago, data released by the National Bureau of Statistics showed that my country's GDP in the first quarter reached 27 trillion yuan, a year-on-year increase of 4.8%.
According to the "Securities Daily" reporter, as of April 24, 23 provinces (autonomous regions and municipalities) have successively released "first quarter reports" and all have achieved positive growth.
Among them, 19 provinces (autonomous regions and municipalities directly under the Central Government) have a year-on-year GDP growth rate higher than the national level.
"Judging from the first-quarter GDP of the 23 provinces that have been announced, the economic growth rate of over 80% of the provinces has exceeded the national average, reflecting that the domestic economy has maintained a broad expansion pattern." Zhou Maohua, a macro researcher at the Financial Market Department of China Everbright Bank, told the "Securities Daily" reporter, Although there are many provinces involved in the spread of the new crown pneumonia epidemic, many provinces still maintain a faster economic expansion rate than the national average, showing my country's economic resilience.
Jiangxi's GDP growth in the first quarter led by 6.9%
Specifically, in terms of total volume, the regional GDP of seven provinces including Shandong, Henan, Sichuan, Fujian, Hunan, Hubei, and Anhui will exceed 1 trillion yuan in the first quarter of 2022; in terms of growth rate, Jiangxi, Fujian, Hubei, Guizhou, The year-on-year GDP growth rate of Shanxi, Hunan, Hainan and other seven provinces and regions all maintained at 6% or more, of which Jiangxi led the way with 6.9%.
Liu Xiangdong, deputy director of the Economic Research Department of the China International Economic Exchange Center, told the "Securities Daily" reporter that the economy in various regions still maintains a development trend of steady progress. Hold at a higher level of 6.7% to 6.9%.
The reason is that these three provinces have been relatively less affected by the epidemic, the growth rate of the tertiary industry has maintained a high level, and the secondary industry has grown rapidly after undertaking industrial transfer.
It is worth noting that the first-tier cities saw slower economic growth in the first quarter.
For example, the year-on-year growth rate of Beijing's GDP in the first quarter was the same as that of the whole country, reaching 4.8%; Shanghai's first-quarter GDP growth was 3.1% year-on-year; Tianjin's first-quarter GDP growth rate was only 0.1% year-on-year.
In this regard, Zhou Maohua said that the slowdown in economic growth in first-tier cities is mainly affected by the epidemic. Due to the high proportion of service industries in first-tier cities, the GDP of services in Beijing, Shanghai and other cities accounts for 70% or more of GDP. The impact is more pronounced.
Liu Xiangdong said that in the first quarter, first-tier cities were mainly affected by epidemic prevention and control and other restrictions on service consumption, especially Tianjin, Shanghai and other places were hit hard by the epidemic, and the consumption-oriented economic growth model was suppressed, and fixed asset investment was also dragged down by the epidemic. The overall sluggish domestic demand has dragged down the economic growth of these regions.
"But the epidemic is a short-term impact factor. First-tier cities have strong innovation and competitiveness. As the epidemic improves, the economies of these cities are expected to regain vitality." Zhou Maohua believes.
Multi-place and multi-measures and steady growth
Since the beginning of this year, due to the impact of the domestic epidemic and external supply chains, the supply of parts and components produced by some enterprises has been interrupted, and logistics have been blocked.
Faced with the challenge of exceeding expectations, many regions insisted on maintaining stability and promoting the steady growth and high-quality development of the regional economy.
For example, Beijing has made every effort to ensure the construction of major projects and promote the continuous development of effective investment.
In 2022, the Beijing sub-center will continue to maintain the annual investment intensity of 100 billion yuan, and accelerate the construction of the three major cultural facilities and the second phase of the administrative office area.
In the first quarter of this year, the growth rate of Beijing's fixed asset investment reached 10.3%, and the scale of investment continued to expand.
Another example is Jiangxi Province, which fully implemented the spirit of the "No. 1 Document" of the central government, and took multiple measures to encourage and support agricultural development. The agricultural production situation was stable, and the added value of agriculture, forestry, animal husbandry and fishery increased by 6.6% in the first quarter.
At the same time, an action plan to promote the steady growth of the industrial economy was introduced, and efforts were made to stabilize the industrial chain and supply chain. The industry maintained rapid growth, and the industrial added value increased by 9.5% in the first quarter.
In addition, Jiangxi Province has actively implemented 43 national assistance measures to help the service industry overcome difficulties and promote development. From January to February, the operating income of the service industry according to regulations increased by 19.4%.
From the perspective of demand, Jiangxi Province's "troika" of investment, consumption and export is driven by synergy.
During the Spring Festival in the first quarter, the "two non-stop" and coordinated construction of major projects at the provincial, municipal and county levels effectively promoted the expansion of investment scale and accelerated progress, with fixed asset investment increasing by 15.6%; local governments have successively introduced policies to promote consumption and stabilize consumption. In the first quarter, social consumer goods The total retail sales increased by 8.9%, ranking first in the country; new business formats such as the open platform and cross-border e-commerce in the Comprehensive Bonded Zone have flourished, and the system dividends of the Regional Comprehensive Economic Partnership Agreement have begun to be released. In the first quarter, the total import and export value increased by 29%.
Talking about the next steps for stabilizing growth in various regions, Liu Xiangdong believes that the most urgent task is to do a good job in coordinating epidemic prevention and control and economic and social development, smooth the economic cycle in the region, speed up the implementation of measures such as tax reduction and fee reduction, and timely introduce a new "package" Expand domestic demand policies and measures, take effective measures to comprehensively promote consumption recovery, including moderately relaxing restrictive consumption policies such as housing and automobiles, and strive to boost consumer confidence; at the same time, the construction of major projects and major projects that have been included in the "14th Five-Year Plan" has been started ahead of schedule. , to improve municipal public services and enhance development potential.
In Zhou Maohua's view, at present, various regions need to improve the efficiency of epidemic prevention, be pragmatic and accelerate the cooperation between regions and cities in epidemic prevention, so as to avoid serious impact on the supply chain and industrial chain due to epidemic prevention.
At the same time, the policies have coordinated to introduce targeted relief policies for enterprises, especially in the fields of small and medium-sized micro enterprises, private enterprises, agriculture, rural areas and farmers, etc., to ensure the supply of agricultural products and energy, ensure market entities, stabilize employment, and promote domestic demand.
In addition, it is necessary to continuously optimize the business environment and promote the orderly flow of factors.
(Securities Daily)