Source: People's Daily Overseas Edition
Beijing, Shanghai, Guangzhou and Shenzhen's six-year GDP exceeded one trillion (Rui Finance)
Data picture: A bank staff member. Photo by Zhang Yun, China News Service reporter
Big cities are often synonymous with innovation, vitality and cutting-edge. Looking at the development of big cities, we can also see the direction of China's progress to a certain extent. In the first half of this year, Beijing, Shanghai, Guangzhou and Shenzhen all entered the "trillion club". This is the first time that the GDP of the four first-tier cities has collectively crossed the trillion mark in half a year. Against the backdrop of economic transformation and upgrading, first-tier cities have made efforts towards "high-end and high-end", their economic scale has gone further, their economic growth rate has not lost to the formation, and their income and expenditure levels have been higher. However, in the future, first-tier cities will still face the challenges of filling in public services and high-quality development.
total volume Shanghai is the first, and Shenzhen leads the growth rate
first look at the specific GDP. The "leader" Shanghai's GDP exceeded 1.5 trillion yuan in the first half of the year, which is also the first time that Shanghai's GDP has exceeded 1.5 trillion yuan in the past six months. Beijing followed closely with 1.4 trillion yuan, while Shenzhen and Guangzhou ranked third and fourth with 1.1 trillion yuan and 1.07 trillion yuan respectively. In the first half of 2017, Shenzhen and Guangzhou's GDP were 970.9 billion yuan and 989.1 billion yuan respectively.
What is the concept of GDP exceeding one trillion in half a year? From a national perspective, 16 provinces had GDP exceeding one trillion yuan in the first half of the year. Looking around the world, in 2017, more than 50 countries had annual GDP of approximately RMB 1 trillion.
Above the huge economic scale, the four major cities have also achieved good growth rates. Among them, Shenzhen led the way with an 8% growth rate, while Shanghai, Beijing and Guangzhou were 6.9%, 6.8% and 6.2% respectively, while the national economic growth rate during the same period was 6.8%. Taking Shenzhen, which has the fastest growth rate as an example, the three major demands that drive economic growth continue to be strengthened, with the growth rates of investment, import and export, and consumption being 22%, 10.5%, and 8.4%, respectively.
In the analysis of economic operation in the first half of the year, the statistical bureaus of all municipalities gave positive statements such as "steady and improving", "good performance of major economic indicators", "overall stability, steady progress, and more coordinated".
How do you view the current stage of Beijing, Shanghai, Guangzhou and Shenzhen? He Daixin, an associate researcher at the Institute of Finance and Economics Strategy of the Chinese Academy of Social Sciences, analyzed to our reporter that from the perspective of economic scale, this is the result of the development of first-tier cities to a certain stage. Experience in developed countries shows that many large cities will quickly move towards large economies after crossing the middle-income stage. On the one hand, the economic aggregation will bring about scale effects, and on the other hand, it will also give rise to the development of more innovative, transformation and leading industries. The current good economic growth rate is a reflection of the vitality of urban innovation.
industry is moving towards "high-end and sophisticated", with sufficient development potential
So, after early accumulation, where does the momentum of the development of big cities come from now? There are many common answers from the economic semi-annual reports of the four cities.
The service industry has made great contributions to the economy. Looking at the industrial structure, the tertiary industry has become the pillar of economic growth without exception. In the first half of the year, the added value of Shanghai's tertiary industry was 1076.197 billion yuan, an increase of 7.4%, accounting for 69.2% of the city's GDP. The added value of the tertiary industry in Beijing increased by 7.2% year-on-year, among which the contribution rate of advantageous industries such as finance, information services, and technology services to the city's economic growth reached 58.6%.
The manufacturing industry is moving towards the high-end quickly. In the industrial transformation and upgrading, strategic emerging industry has become the focus of first-tier cities, and industries such as information technology, digital economy, high-end equipment manufacturing , and biomedicine are growing considerably. For example, in the first half of the year, the added value of Shenzhen's seven strategic emerging industries was 414.604 billion yuan, an increase of 8.3%. Among them, the added value growth rate of green and low-carbon industries and biopharmaceutical industries exceeds double digits.
innovation becomes a new engine for development. The agglomeration effect of new business forms, new models and new products in the four major cities is very significant. New retail companies such as "Hema Fresh", "Super Species", and Tmall Unmanned Auto Vending Machines were the first to settle in the four major cities; in the first half of the year, the growth rate of new enterprises in various industries in Shenzhen exceeded 20%; the first nano drug delivery robot was successfully developed, and the first cloud-based artificial intelligence chip in China was released... In the first half of the year, a number of achievements in the basic research field in Beijing continued to emerge.
In the next stage of the goal, "high-end and sophisticated economic structure", "high-quality development", "leading at the forefront of the country" and other cities have also become the keywords of each city."The transformation and upgrading of first-tier cities must move towards 'high-end and advanced'." He Daixin said that the industrial structure of first-tier cities has been leading for a long time, and their transformation and upgrading are also mainly reflected in innovative development. For the whole country, they play the role of radiation and driving and innovation leading, and they also improve overall market welfare through the cultivation and development of service industries such as logistics and commerce.
Data picture: Residents shop. Photo by Liu Kegeng, China News Service reporter,
. Residents are leading in the country in terms of income, and they spend more money.
. Strong economic strength and better industrial structure. So, what are the lives of residents in first-tier cities?
is the leading country in terms of revenue. Based on the data released by local statistical bureaus, the per capita disposable income of residents of Beijing, Shanghai, Guangzhou and Shenzhen is around 30,000 yuan. Among them, Shanghai ranked first with the per capita disposable income of 32,612 yuan for residents in the city, while Beijing and Shenzhen were 31,079 yuan and 29,799 yuan respectively. Guangzhou has a more detailed distinction. The annual per capita disposable income of urban and rural residents is 31,540 yuan and 13,972 yuan, respectively, both of which are higher than the GDP growth level during the same period.
In terms of consumption, there are also more expenditures. In the first half of the year, the per capita consumption expenditure of Shanghai residents was 21,321 yuan, ranking first among the per capita consumption expenditure of residents in 31 provinces announced by the National Bureau of Statistics. In Shenzhen, it is RMB 20,519.06 and in Beijing, it is RMB 19,670. Among all types of expenditures, service consumption increased significantly. For example, Beijing's residential and health care expenditure increased by nearly 20% in the first half of the year; Shenzhen ranked among the top three in other supplies and services, education, culture and entertainment, and medical care.
Experts believe that per capita disposable income is closely related to the salary level and industrial structure of various places. In first-tier cities, labor costs are high and they are also more capable of paying higher labor costs. In terms of consumption, the supply of goods and services in big cities is more sufficient, and residents' consumption capacity is relatively strong. However, everyone's yearning for a better life also puts higher requirements for urban public services.
Education, medical care, elderly care, housing... These service shortcomings in the fields of people's livelihood are being made up for in the first half of the year. For example, with the acceleration of the third phase of preschool education action plan, as of the end of June, Beijing has added about 9,000 new degrees, and about 30,000 new degrees will be added this year; Shenzhen’s nine major categories of people’s livelihood expenditures account for nearly 70% of fiscal expenditures. "Based on the basis of total investment, we should pay more attention to the issue of equalization of services in the future." He Daixin suggested.
Li Jie
