China's GDP data of 31 provinces in the first three quarters was revealed

Author Chen Jing

The economic data of the first three quarters of China's 31 provinces have all been released recently. The overall economic recovery trend of various localities has been maintained, the economic structure has continued to be optimized, and the quality of development has been continuously improved, providing a solid guarantee for achieving the annual economic and social development goals.

In the first three quarters, the GDP growth rate of 10 provinces "outperformed" the whole country

According to the data, a total of 15 provinces have a total GDP of more than 2 trillion yuan (RMB, the same below). Among them, Guangdong's GDP exceeded 8.8 trillion yuan, ranking first; Jiangsu's GDP exceeded 8.4 trillion yuan, ranking second, and also entered the "8 trillion yuan club", and the total gap between Jiangsu and Guangdong narrowed a lot; Shandong's GDP exceeded 6 trillion yuan, ranking third.

Affected by "occasional factors and structural factors such as insufficient coal supply and flood conditions", the country's economic growth rate slowed down in the third quarter. In the first three quarters, China's GDP increased by 9.8% year-on-year, with an average growth rate of 5.2% in two years. According to the combing, a total of 10 provinces in the first three quarters of the year-on-year growth rate exceeded the national level, 19 provinces in two years the average growth rate outperformed the country.

Among them, the economy of Hubei Province continued to recover. Chen Yao, vice president and secretary general of the China Regional Economic Association and deputy director of the Western Development Research Center of the Chinese Academy of Social Sciences, said in an interview with China News Agency that the low base of the previous year, coupled with Hubei's increased investment in infrastructure, and the concentrated start of a large number of projects, which had a significant effect on the economy, made Hubei's growth rate in the first three quarters of this year as high as 18.7%, leading the country.

Ye Fusheng, chief statistician of the Hubei Provincial Bureau of Statistics, said that since the beginning of this year, Hubei's economy has resumed rapid growth in an all-round and stable manner, with "high opening and high walking" in the first quarter, "half a journey wonderful" in the second quarter, and "pressure and stabilization" in the third quarter, and the resilience of development has continued to appear.

The eastern region has accelerated its economic transformation

Hainan's GDP growth rate in the first three quarters was 12.8%, ranking second. Hainan's two-year average growth rate was 6.8%, ranking first.

Judging from the GDP growth rate in the first three quarters, the remaining "top ten" players are: Beijing 10.7%, Zhejiang 10.6%, Shanxi 10.5%, Jiangxi 10.2%, Anhui 10.2%, Jiangsu 10.2%, Shandong 9.9%, Chongqing 9.9%.

In the first three quarters, the growth rate of consumption and investment in Hainan ranked among the top in the country. "This is related to the rapid development of the service industry under the policy support effect such as the construction of the free trade port." Liang Jing, a senior researcher at the Bank of China Research Institute, said that the added value of Hainan's tertiary industry in the first three quarters increased by 17.4% year-on-year, contributing 81.3% to economic growth, with an average growth rate of 9.3% in two years.

Beijing, which ranked third in GDP growth in the first three quarters, ranked first in the country in terms of industrial added value growth rate in the same period, reaching 38.7%, and the average growth rate in two years was 17.7%. Liang Jing believes that this is mainly due to the rapid growth of pharmaceutical, high-tech and strategic emerging industries, which increased by 3.3, 1.4 and 1.1 times in the first three quarters, respectively. Although Beijing's industrial sector accounted for a relatively low proportion, only 13.8% in the first three quarters of this year, its rapid growth has played an important role in pulling GDP growth.

In the first three quarters, the output value of Jiangsu's high-tech industries increased by 25% year-on-year, accounting for 48.1% of the industries above designated size; Zhejiang focused on promoting digital reform, and the momentum of digital economy development was strong, and the core industries of the digital economy increased by 24.2% in the first three quarters, with an average growth of 19.2% in two years.

Brush foot "presence" in the central region

In the central region, in addition to Hubei, Jiangxi, Shanxi and other places have performed more prominently, brushing a wave of "sense of existence". Liang Jing pointed out that the growth rate of consumption, investment and export in Jiangxi Province ranks in the forefront of the country, which is related to the promotion of industrial structure transformation and upgrading in recent years, the electronic information industry has accelerated the introduction and cultivation, the proportion of the industry has increased to 17%, and the equipment manufacturing and strategic emerging industries have grown rapidly.

Shanxi's performance can also be said to be "coal flying color dance". The analysis believes that on the one hand, Shanxi, as a major province of coal resources, has undertaken the heavy responsibility of coal supply for "half China", and the rise in demand and prices has also driven Shanxi's economic growth to a certain extent. In the first three quarters, the industrial added value of Shanxi's planned industry increased by 14.0%, ranking the forefront of the country.

On the other hand, the sudden performance of foreign trade is also one of the reasons for supporting Shanxi's eye-catching economic data. In the first three quarters, Shanxi's total import and export volume reached 170.34 billion yuan, an increase of 76.8%, and the growth rate also ranked among the forefront of the country.

In addition to Shanxi, the average growth rate of exports in Yunnan, Guizhou, Jiangxi, Sichuan and other regions ranks at the forefront of the country in two years, all of which are more than 20%, which is better than that of traditional foreign trade provinces such as Zhejiang, Jiangsu and Guangdong.

Liang Jing believes that on the one hand, this has the influence of factors such as the industrial transfer in the central and western regions undertaking the eastern region in recent years, the low base of total foreign trade, and on the other hand, it may be related to the rise in commodity prices.

Growth in the western region has slowed

Since the beginning of this year, the GDP growth rate of many western provinces has generally been lower than the national level. In contrast, the top five gdp growth rates in the first three quarters of last year were Tibet, Guizhou, Gansu, Yunnan and Ningxia, and the GDP growth rate of these five provinces in the first three quarters of this year was lower than the national growth rate of 9.8%.

Chongqing's GDP growth rate in two years is higher than that of other western regions, becoming the only region in the western region that has a higher growth rate than the national GDP growth rate in the first three quarters of this year.

Chen Yao said that relatively speaking, the western region was less affected by the epidemic last year, and the economic growth rate was relatively high. Affected by last year's higher base, coupled with the sporadic sporadic epidemics in Yunnan, Ningxia and other places this year, affecting the supply chain and industrial chain, and causing a certain impact on the economy, the economic growth rate in the western region generally slowed down in the first three quarters. (End)

Source: China News Network