China's 31 provinces, autonomous regions and municipalities have all released their economic operation data for the first quarter. Judging from the data, the economic development of various places has shown a good trend of recovery, and economic operation has achieved a good start. What are the highlights of the economic data in various regions in the first quarter? How to interpret the "report card" of local economies? In order to ensure sustained and stable economic growth in the future, where else do we need to make efforts? One article to understand.
What are the highlights of the economic data in various regions in the first quarter?
From the perspective of GDP growth, 23 of the 31 provinces, autonomous regions and municipalities outperformed the national average GDP growth rate of 23.4% in the first quarter, and the first-quarter GDP growth rate of many provinces has exceeded the annual GDP growth targets set by themselves at the beginning of the year. In terms of total regional GDP, 5 provinces exceeded 12 trillion yuan, and Guangdong exceeded 1 trillion.
From the perspective of the driving force of economic growth, in the first quarter, the per capita consumption expenditure of residents in nine provinces, including Shanghai, Beijing, Zhejiang, Tianjin, Guangdong, Jiangsu, Fujian, Chongqing and Hunan, exceeded that of the whole country.
From the perspective of investment, infrastructure investment in water conservancy management, road transportation, public facilities management and other industries increased by more than 20% year-on-year.
The economic data of the three northeastern provinces performed brightly
Among the major regional sectors, the three northeastern provinces that previously ranked low in the country in terms of economic growth performed brilliantly in the first quarter of this year. In the first quarter, Jilin increased by 8.2%, Heilongjiang by 5.1%, and Liaoning by 4.7%, all higher than the national average.
The total foreign trade of the four provinces of Guangdong, Jiangsu, Zhejiang and Shanghai exceeded one trillion yuan
As one of the troikas driving economic growth, the role of foreign trade is also not to be underestimated. In the first quarter, the total foreign trade of Guangdong, Jiangsu, Zhejiang and Shanghai exceeded one trillion yuan, of which Guangdong led the country with an import and export scale of 1.84 trillion yuan, and Jiangsu and Zhejiang ranked second and third with total imports and exports of about 1.2 trillion yuan and 1.13 trillion yuan respectively.
The growth rate of the central and western regions is leading the way, and foreign trade has presented a new pattern
In the first quarter, 31 of the 24 provinces, autonomous regions and municipalities showed positive growth in total import and export of goods, of which 17 provinces outperformed the national average. Provinces with faster growth include Guizhou, Guangxi, Hunan, Xinjiang, Jiangxi, Hainan and other provinces.
From a sub-regional perspective, the central and western regions performed eye-catchingly. In the first quarter, the import and export reached 1.84 trillion yuan, a year-on-year increase of 12.6%, the growth rate was 7.8 percentage points higher than the overall national value, accounting for 18.6% of the total import and export value of the country, and the contribution rate to the national import and export growth reached 45.8%. Among them, the export performance of automobiles, auto parts and lamps was more eye-catching, with an increase of 132.5%, 47.2% and 49.8% respectively. In the first quarter, Sichuan continued to maintain its position as the largest province in foreign trade in the central and western regions, with a total import and export volume of 2342.2000 billion yuan. Jiangxi "came later", with the total import and export volume approaching the 44 billion yuan mark in the first quarter, with a year-on-year growth rate of 6.<>%. Driven by strategies such as high-level opening up and coordinated regional development, China's foreign trade is gradually showing a new pattern.
The first quarter of the first quarter of the local economic "report card" released What do you think?
How to interpret the "report card" of local economies? Let's listen to the interpretation of Sheng Chaoxun, Director of the Strategic Policy Office of the China Macroeconomic Research Institute.
Good start, how to continue to make steady growth in various places?
Judging from the work reports of local governments, stable growth, expansion of domestic demand, and strong confidence are the key words for the development of various localities this year. At the beginning of this year, 31 provinces, autonomous regions and municipalities announced their own economic growth targets for 2023. Values ranged from 4 to 9.5 per cent, with more than half of the provinces setting targets above 5.5 per cent. The first-quarter GDP growth rate of many provinces has exceeded the annual GDP growth targets set by their respective at the beginning of the year. In the first quarter, the economic development of various localities showed a good trend of recovery, and economic operation made a good start. (CCTV News Client)