in Jiangsu and Zhejiang regions, as one of the most developed economies, the most active markets, and the strongest sectors in China, has been the leader in my country's economic and social development in recent years. However, it has still fallen behind in the face of multiple pressures this year, especially The financial and economic growth fluctuated greatly, and even experienced a serious decline. Nanjing, Suzhou, and Hangzhou, Ningbo, which are also the "twin stars" of Jiangsu and Zhejiang, were not immune. Next, let’s take a look at how each of the four major cities in Jiangsu and Zhejiang performed from January to May.
First, let’s review the general public budget revenue completion of the four major cities from January to April: Hangzhou (103.40 billion yuan), Suzhou (87.55 billion yuan), Ningbo (73.60 billion yuan), and Nanjing (60.10 billion yuan).
Secondly, after a month, let’s look at the “report card” of general public budget revenue of the four major cities from January to May: Hangzhou (nominal growth rate of 121.03 billion yuan -8.5%, the same below), Suzhou (1001.2 -14.8), Ningbo ( 874.0 -4.5), Nanjing (685.5 -18.5).
From a total perspective, Hangzhou continues to overwhelm Suzhou and further widens its lead from 15.85 billion yuan last month to 20.91 billion yuan. It is estimated that Hangzhou will maintain a high pressure on Suzhou throughout the first half of the year. Even if Suzhou tries to catch up in the second half as in previous years, the odds of winning are obviously greater.
During the same period, Ningbo also lagged behind Nanjing further and further. The gap also widened from 13.5 billion yuan last month to 18.85 billion yuan, and the difference accounted for 27.5% of Nanjing's total income. Nanjing's performance was somewhat disappointing, and it also pushed itself to the bottom of the four major cities.
From the perspective of growth rate, all four major cities experienced negative growth, but the difference in decline was obvious. The clearest thing is that Zhejiang’s “Gemini Star” was much better than Jiangsu’s “Twin Star”. Hangzhou fell by 8.5%, and Ningbo fell by only 4.5%. Below 10%.
Looking at Jiangsu’s “Twin Stars”, Suzhou fell by 14.8%, while Nanjing fell by 18.5%. This is also the fundamental reason why Zhejiang has been leading Jiangsu this year.
Overall, from January to May, Zhejiang withstood the pressure and moved forward with a heavy load. The performance of various indicators was relatively excellent, which also made the total local fiscal revenue lead Jiangsu for several consecutive months. Facing the upcoming "High School Entrance Examination" for half a year, it is worth looking forward to whether Zhejiang can continue to maintain its leading advantage!
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