The top ten GDP cities in the first half of the year are basically settled: Chongqing surpasses Guangzhou, and Nanjing makes the list for the first time

  Under the epidemic, 2020 has become an era of major changes, and the competitive landscape of Chinese cities is also changing accordingly.

  Recently, major cities have successively released economic data for the first half of the year. The ranking of the top ten GDP cities has basically been settled, and the changes have been large: Chongqing surpassed Guangzhou to be promoted to fourth place, and Nanjing squeezed into the top ten for the first time. At the same time, the gap between Chengdu and Suzhou is shrinking, which means the rise of the inland cities in the central and western regions and the dual-city economic circle in Chengdu and Chongqing.

Top ten secondary changes

  On July 27, the Guangzhou Municipal Bureau of Statistics released data. In the first half of 2020, Guangzhou will complete a GDP of 1,096.829 billion yuan, a year-on-year decrease of 2.7%. According to previous data released by the Chongqing Municipal Bureau of Statistics, in the first half of the year, Chongqing’s GDP was 1,120.983 billion yuan, a year-on-year increase of 0.8%. This means that Chongqing surpasses Guangzhou to rank fourth in the country.

  Yi Xiaoguang, Dean of Chongqing Research Institute of Comprehensive Economics, told CBN reporters that the main driving force for Chongqing’s economic recovery is to promote investment projects, promote import and export, and work hard on industrial energy levels and structures, such as high-tech industries, manufacturing, Finance and logistics have rebounded significantly, Chongqing's automobile manufacturing industry has also achieved rapid growth, and mid-to-high-end models have become the driving force for the recovery of the automobile industry.

  The Chongqing Bureau of Statistics analyzed that in the first half of the year, the eight pillar industries gradually recovered. The added value of the electronics, medicine, materials and consumer goods industries increased by 8.6%, 2.1%, 1.3% and 0.9% year-on-year; the decline of other pillar industries narrowed. In June, the added value of the city's eight pillar industries all achieved growth, of which the automobile and electronics industries increased by 25.0% and 12.1% respectively.

  Not only that, in the first half of the year, the added value of Chongqing’s high-tech manufacturing and strategic emerging manufacturing industries increased by 8.0% and 7.7% year-on-year, respectively, which were 7.0 and 6.7 percentage points higher than the city’s planned industrial growth rate, and 9.5 and 11.6 points higher than the first quarter. Percentage points, accounting for 18.8% and 27.3% of the industrial added value.

  "Guangzhou's export-oriented economy is relatively high, and international trade has been affected more by the impact of the epidemic." Yi Xiaoguang said that the eastern region has a relatively high degree of export-oriented economy and is subject to the European and American markets. On the one hand, it is affected by the industrial chain and supply chain. On the other hand, it is the impact of the consumer market, so the impact is relatively large.

  Statistics from the Guangzhou Municipal Bureau of Statistics show that in the first half of the year, the added value of the primary industry in Guangzhou was 11.617 billion yuan, an increase of 4.4% year-on-year; the added value of the secondary industry was 283.807 billion yuan, a year-on-year decrease of 7.0%; the added value of the tertiary industry was 801.405 billion yuan , A year-on-year decrease of 0.8%. It can be seen that external demand has a great impact on the decline of Guangzhou's secondary industry.

  The changes in the GDP top ten cities list are more than that.

  Due to the impact of the epidemic, Wuhan suffered a relatively large loss. According to preliminary calculations, Wuhan's GDP in the first half of the year fell by 19.5% over the same period of the previous year. Although the government has not announced the total GDP data, it is estimated that Wuhan will compete with Tianjin in the top ten. One of these two cities will eventually fall out of the top ten because Nanjing is squeezed in.

  In 2019, Tianjin’s GDP was 1,410.428 billion yuan, an increase of 4.8% over the previous year, and its ranking dropped from sixth in 2018 to tenth. Nanjing, which is closely followed by the 11th place, has a GDP of 14030.15 billion yuan in 2019, an increase of 7.8% over the previous year. The total difference between the two is only 7.4 billion yuan.

  In the first half of this year, Nanjing surpassed Tianjin. Data show that in the first half of the year, Tianjin’s GDP totaled 630.928 billion yuan, a year-on-year decrease of 3.9%, while Nanjing’s GDP in the first half of the year was about 661.235 billion yuan. This means that Nanjing has squeezed into the top ten.

New pattern of urban competition

  In addition to the above ranking changes, the trend of the gap between the top ten cities is also worthy of attention.

  For example, the gap between Chengdu and Suzhou is narrowing. In 2019, Suzhou's GDP was more than 220 billion yuan higher than that of Chengdu. However, in the first quarter of this year, Chengdu unexpectedly exceeded Suzhou by more than 10 billion yuan. Chengdu and Suzhou have become the new competitive relationship among the top ten cities.

  However, Suzhou is still strong and recovered rapidly in the second quarter. In the first half of this year, Chengdu’s GDP was 829.863 billion yuan, a year-on-year increase of 0.6%; Suzhou’s GDP was 905.24 billion yuan, a real year-on-year increase of 0.8%. Although Suzhou continued to lead Chengdu in the first half of the year, the gap between Chengdu and Suzhou has narrowed.

  The attack of the two cities of Chengdu and Chongqing showed the rise of the inland cities in the central and western regions and the dual-city economic circle of Chengdu and Chongqing. In fact, under the changing international situation, in addition to the outstanding performance of inland cities in terms of economic resilience, their location advantages are also becoming more apparent in the new economic situation.

  Especially under the impact of the epidemic, imports and exports across the country are facing a downward trend, but the central and western regions have performed well, and some provinces have even achieved high growth. Taking Chengdu as an example, the total import and export volume in the first half of this year was 323.09 billion yuan, a year-on-year increase of 23.5%. Among them, imports and exports increased by 25.5% and 21.9% respectively.

  In June, Shuangliu Airport achieved a passenger throughput of 3.237 million passengers. Since March, it has continued to maintain a rebound trend. The passenger throughput of the month and the first half of the year ranked first in the country; the number of takeoffs and landings was 27,000, ranking first in the world for two consecutive months. One. In addition, from January to June, Chengdu international trains opened 1810 trains, an increase of 40.9%, of which the China-Europe trains increased by 57.7%.

  In particular, in the first half of the year, the trade volume between Chengdu and countries and regions along the “Belt and Road”, the EU, and ASEAN increased by 45.4%, 42.1%, and 28.2%. These data from Chengdu show the advantages of central cities in the central and western regions facing the “Belt and Road” region.

  At the 12th Lujiazui Forum that opened on June 18, Liu He, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, sent a written speech to the forum. Liu He said: "We are still facing greater pressure from the economic downturn, but the situation is gradually changing for the better. A new pattern of dual-cycle development with domestic circulation as the mainstay and international and domestic mutual promotion is taking shape."

  Yi Xiaoguang said that Chongqing’s GDP surpasses that of Guangzhou, which is of little significance in the short term. It is a recovery growth. However, under the new dual-cycle pattern, inland cities should be said to be organic in danger. To form a domestic cycle, it is necessary to narrow the regional gap and coordinate development, reduce urban-rural differences, promote urban-rural integration, and promote industrial energy levels. The city has space and power.

  In addition, Yi Xiaoguang believes that the two cycles are dominated by domestic cycles, and domestic growth space needs to offset international shocks. On the one hand, it is necessary to expand inter-regional cooperation, form a unified market, and stimulate development space, which will bring great benefits. ; On the other hand, we must deepen reforms and increase domestic motivation, including institutional opening up around the “Belt and Road” initiative, intensifying the enthusiasm of market players and enhancing development expectations.

  Author: Lee Soo in