The local economy has a stable start to improve quality and efficiency
As of April 29, 30 provinces across the country have released transcripts of economic performance in the first quarter of this year.
In general, in the face of the complex and severe external environment and the repeated tests of the domestic epidemic situation, all localities insisted on maintaining stability and seeking progress while maintaining stability, and the local economy achieved a stable start. The economic growth rate of 22 provinces outperformed the whole country, and the central and western regions grew faster. .
Stable word and solid foundation
In terms of total volume, Guangdong, Jiangsu and Shandong are still firmly in the top three.
In the first quarter, Guangdong achieved a regional GDP of 2,849.879 billion yuan, and Jiangsu and Shandong were 2,785.9 billion yuan and 1,992.68 billion yuan respectively.
In addition, the first-quarter GDP of Zhejiang, Henan, Sichuan, Fujian, Hunan, Hubei, Anhui and Shanghai all exceeded one trillion yuan.
In terms of growth rate, the economic growth rate of 22 provinces is higher than that of the whole country.
Nine provinces including Xinjiang, Jiangxi, Fujian, Hubei, Guizhou, Shanxi, Hunan, Hainan, and Inner Mongolia recorded a growth rate of over 5.5%.
Among them, Xinjiang’s GDP in the first quarter increased by 7% year-on-year, which was 2.2 percentage points higher than that of the whole country, ranking first among the provinces that have released data.
In terms of sub-regions, the central region has a strong growth momentum.
Jiangxi and Hubei recorded year-on-year growth of 6.9% and 6.7% respectively.
The relevant person in charge of the Hubei Provincial Bureau of Statistics said that based on the high growth rate brought about by the low base last year, a number of indicators in Hubei showed a trend of convergence in the first quarter of this year.
Shanxi and Hunan increased by 6.5% and 6% year-on-year respectively, Anhui increased by 5.2% year-on-year, and Henan increased by 4.7% year-on-year, slightly lower than the national level.
The western region is moving steadily.
Guizhou increased by 6.6% year-on-year, Inner Mongolia increased by 5.8% year-on-year, Sichuan, Yunnan and Gansu were all 5.3%, Chongqing and Ningxia were all 5.2%, Shaanxi and Qinghai were both 5.1% and Guangxi increased by 4.9% year-on-year.
Hu Qingsheng, chief statistician of the Shaanxi Provincial Bureau of Statistics, said that in the first quarter, Shaanxi's economy was stable and improving.
Seeking improvement while maintaining stability
While making every effort to stabilize growth, all localities continue to strengthen the momentum of "advancing", and the quality and efficiency of development continue to improve.
Among the three industries, industry plays an important supporting role.
In the first quarter, under the influence of various policies to promote the stable operation of the economy, the industrial added value of Anhui Province increased by 7.4%, which was 2.2 percentage points faster than the GDP growth rate, and contributed 45.4% to the economic growth; The proportion of Heilongjiang Province reached 31.3%, and its contribution rate to the province's economic growth reached 56.5%; led by industrial revitalization, Heilongjiang Province has made a good start to the industrial economy. The added value of the secondary industry accounted for 37% of GDP, an increase of 3.7 percentage points over the same period of the previous year. .
Among the three needs, the key role of effective investment is better played.
"The pick-up in investment growth in the first quarter of this year is a bright spot in Beijing's economic development." Zhu Yannan, deputy director of the Beijing Municipal Bureau of Statistics, said that the pick-up in investment growth is an important manifestation of the expansion of domestic demand and the appropriate priority of policies.
In the first quarter, projects in the field of integrated circuits in Beijing led to a 43.7% increase in investment in high-tech manufacturing, and investment in information services drove a 42.7% increase in investment in high-tech services, providing impetus for the sustainable development of high-precision industries.
Strong support for major projects.
In the first quarter, driven by the concentrated start of major projects and the continuous increase in promotion, the number of projects with a planned total investment of more than 1 billion yuan in Jiangsu Province increased by 25.2% year-on-year, and the completed investment increased by 15%, contributing 54.4% to the investment growth.
Manufacturing investment led growth.
In the first quarter, Chongqing's manufacturing investment increased by 14.4% year-on-year, which has maintained double-digit growth for 13 consecutive months, significantly faster than the growth of all investment.
From the perspective of consumption, the foundation for recovery and development needs to be consolidated, and the growth trend of upgraded consumption is good.
In Beijing, the Winter Olympics have achieved remarkable results in driving consumption growth.
In the first quarter, the frequency of skiing and skating consumption by residents in the city increased by nearly 30% year-on-year; in Zhejiang, the sales growth rate of cosmetics, beverages, communication equipment, and cultural and office supplies all exceeded 10%, and the sales of new energy vehicles increased by 1.2 times; The retail sales of household appliances and audio-visual equipment, Chinese and Western medicines, cultural office supplies, and communication equipment in the above units increased by 35.5%, 10.8%, 286% and 55.1% respectively year-on-year.
"New" kinetic energy is gathering.
In the first quarter, the investment in high-tech industries in Hainan Province increased by 30.9% over the same period last year, and the construction of a number of high-tech manufacturing projects accelerated.
The growth of emerging products is strong. In the first quarter, the retail sales of wearable smart devices in Shanxi Province increased by 2 times, the new energy vehicles increased by 1.9 times, and the computer and ancillary products increased by 16.1%; The output of high-tech products such as optoelectronic devices, industrial robots, and 5G smartphones all increased by more than 20%.
Stable growth under pressure
Since March, the world situation has been complicated and evolving, the impact of the domestic epidemic has continued, some unexpected factors have exceeded expectations, and the downward pressure on the economy has increased.
Xiao Zhiying, member of the party group and deputy director of the Anhui Provincial Bureau of Statistics, said that the impact of the recent outbreak of the epidemic on the supply of raw materials and logistics has gradually spread to the production side, and the consumption of contact and agglomerated service industries has also been restricted. Accommodation, catering, cultural tourism, transportation and travel The industry faces certain difficulties.
Zeng Junlin, chief economist of the Sichuan Provincial Bureau of Statistics, said that the current unstable factors have increased significantly, the economic operation is facing greater uncertainty and challenges, and the pressure for stable growth has increased significantly. Among them, unbalanced pressure and external input pressure are particularly worthy of attention. .
"In the next step, we must do a good job in the current economic and social development with greater determination and strength. Whether we can complete the goals and tasks for the whole year depends on the first half and the second quarter." Deputy Secretary-General of Shandong Provincial Government, Provincial Government News Spokesman Cui Jianhai said.
Keeping the economy running smoothly in the second quarter and the first half of the year is crucial to achieving the full-year target.
Recently, several provinces held meetings to deploy the next stage of economic work.
Guangdong Province proposed to promote the introduction of various incentive policies as soon as possible, the release of various types of corporate funds as soon as possible, the rapid approval of projects, and the rapid progress of construction.
Zhejiang Province proposed to take stronger and more practical measures to ensure stable progress and quality improvement in the second quarter.
Chen Yanbin, a professor at the School of Economics at Renmin University of China, believes that on the one hand, we must attach great importance to the new challenges brought by sudden domestic and foreign factors such as the intensification of the epidemic to my country's economic operation, and macro policies need to focus on stabilizing the macroeconomic market.
On the other hand, it should also be noted that in the context of increasing downward pressure on the global economy, China's economy continues to recover and develops, with sufficient resilience, and its economic growth rate is still at a relatively high level globally.
In the face of triple pressure, we must optimize the economic structure and enhance the driving force of economic growth, especially the coordination and cooperation among stabilization policies, growth policies and structural policies.
Xiong Li