The provincial and local two conferences are an important window to observe the Chinese economy. Currently, all 2023 GDP data for China's 31 provinces, autonomous regions and municipalities have been released, and all expected economic growth targets for 2024 have also been announced.

13 provinces

New Year’s GDP target is higher than last year’s growth rate

　　2023 is the year when the economy resumes development after the epidemic prevention and control period. Economic development in various regions faces multiple difficulties and challenges, but some provinces have still made new breakthroughs.

　　From the perspective of the major economic provinces playing the leading role, Guangdong has become the first province in the country with a GDP exceeding 13 trillion yuan. Jiangsu has become the first province in the country to have five "trillion cities". Shandong's GDP exceeded 9 trillion yuan for the first time. Zhejiang’s GDP exceeded 8 trillion yuan for the first time.

　　Sichuan's GDP exceeded 6 trillion yuan for the first time, becoming the first province in western China with a GDP exceeding 6 trillion yuan. Chongqing's GDP exceeded 3 trillion yuan for the first time, becoming the first city in the central and western regions with a GDP exceeding 3 trillion yuan.

　　Standing on a new level and facing a new situation, how to set economic growth targets for each province in the new year depends on both strength and confidence. It is a vane for observing the Chinese economy.

　　Judging from the New Year GDP targets finalized by various provinces, the vast majority of provinces are not less than 5%. Among them, Hainan and Tibet have set their 2024 growth targets at about 8%, the highest in the country.

　　Among them,

the 2024 GDP growth targets of 13 provinces, namely Guangdong, Henan, Fujian, Hunan, Anhui, Shaanxi, Jiangxi, Liaoning, Yunnan, Guangxi, Guizhou, Tianjin and Heilongjiang, are higher than the actual GDP growth rate in 2023.

　　These 13 provinces cover the eastern, central and western regions. They set GDP growth targets higher than last year's growth rate to send a positive signal, reflecting local governments' optimistic expectations for the future economic situation and their confidence in stable recovery.

　　The top three economic provinces, Guangdong, Jiangsu and Shandong, have unanimously set their 2024 GDP growth target at 5%, but the specific expressions are slightly different. Guangdong is 5%, and Jiangsu and Shandong are both above 5%.

　　Looking at the four major municipalities directly under the Central Government, both Beijing and Shanghai have anchored their 2024 economic growth target at around 5%. Tianjin’s GDP growth target in 2024 is about 4.5%. Chongqing has set its economic growth target for 2024 at around 6%. Chongqing said that this goal is "a jump away, within reach", which reflects self-pressure, proactive action, and striving to achieve better results in actual work.

Pay more attention to high-quality development

Focus on "innovation brand"

　　In the new year, the setting of economic growth targets in various places reflects

a "high" and a "new"

.

"High" means high-quality development.

All localities require not only focusing on reasonable growth in quantity, but also on effective improvement in quality.

　　Focusing on the primary task of high-quality development, various regions have made further arrangements. Jiangsu requires that we push high-quality development to a new level and create a new situation amidst heavy burdens. Zhejiang is iteratively upgrading its “8+4” economic policy system. Optimize 8 policy packages and 4 element guarantee lists, and arrange provincial fiscal funds of 102.36 billion yuan to support high-quality economic development.

"New" means new productivity.

According to the deployment of the Central Economic Work Conference, "leading the construction of a modern industrial system with scientific and technological innovation" is placed at the top of the key tasks. It is necessary to promote industrial innovation with scientific and technological innovation, especially disruptive technologies and cutting-edge technologies to spawn new industries, new models, and new industries. Momentum and development of new productive forces.

　　The specific arrangements for 2024 proposed by various localities also closely follow this requirement, highlight the "innovation brand", firmly grasp the "narrow nose" of technological innovation, and create new momentum for new quality productivity.

Lay out future industries.

Vigorously developing future industries is a strategic choice to lead scientific and technological progress, promote industrial upgrading, and cultivate new productive forces. Striving to create a future industrial pilot area has become a "first mover" for many provinces to compete.

　　Guangdong, which "adheres to the real economy as its foundation and manufacturing as its dominant force", proposes to implement five major future industry cluster action plans, advance the layout of future industries such as 6G, quantum technology, life sciences, and humanoid robots, and create a national future industry pilot zone. Shanghai also proposed to cultivate and upgrade high-end industrial clusters such as new energy vehicles, high-end equipment, advanced materials, civil aviation, and space information, and accelerate the creation of future industrial pilot areas. Shandong has made it clear that it supports Jinan, Qingdao and Yantai in building future industrial pilot zones. Zhejiang proposed to support Hangzhou and Ningbo in striving to create future industrial pilot zones.

Open up new tracks.

Beijing proposes to open up new tracks for future industries such as quantum, life sciences, and 6G. Jiangsu requires opening up new tracks for future network, quantum, life sciences, hydrogen energy and new energy storage, deep sea, deep earth, aerospace and other industries.

Breakthrough in key technologies.

Hubei proposes to focus on breaking through "stuck" technologies such as high-end AI chips, intelligent CNC machine tools, and high-end medical equipment, and proactively plan for "nuclear explosion points" of hundreds of billions of scientific and technological innovations such as biosynthesis and aerospace technology to build an innovation track. The "card position" advantage. Beijing requires accelerating the promotion of major integrated circuit projects and achieving greater breakthroughs in fields such as optoelectronic integration and chip technology.

　　The goal has been set, and various regions are also rushing to get started and strive to achieve a good start in 2024.

　　(China News Network WeChat official account)