Although it is not just GDP to judge heroes, at the end of each quarter, the economic data of each province are released one after another, and it is inevitable that it will be compared.
compares the growth rate. Chongqing and Guizhou have been among the experts in the past two years. They also performed stably in the first quarter of this year, with an economic growth rate of more than 10%, ranking among the top three experts along with Tibet.
However, the total amount with high growth rates may not be large. Guizhou, Tibet and Hainan Province, which ranked fourth in growth rates, were all in the top ten last year, and only Chongqing ranked 11th from the bottom.
If you look at absolute strength, Guangdong, Jiangsu and Shandong are still seniors in the world, steadily occupying the top three in total economic output. Although the growth rate is not as high-end as Chongqing and Guizhou, they also have a stable growth of 7 or 8%.
The most worrying thing is the Northeast and Shanxi. The GDP growth rate of Heilongjiang, Liaoning and Shanxi provinces was the lowest last year, and the speed of data release has now become the slowest in the country. As of the time of publication on April 24, the above three provinces are the only remaining provinces that have not yet released their first quarter data.
Others are busy de-capacity, while Chongqing and Guizhou are busy doing infrastructure
In martial arts novels, the protagonist's martial arts often make rapid progress because he meets experts and picks up strange books. However, in real life, Chongqing and Guizhou have become "ups" and there is no shortcut to take.
From the analysis of the three troikas, investment has played a key role in the economic development of both places. In 2015, the national fixed asset investment in increased by 10% year-on-year, the lowest since the century of innovation. During the same period, Chongqing and Guizhou achieved investment growth rates of 17.1% and 21.6% respectively.
As the saying goes, once we are bitten by a snake, we have not completely digested the "four trillion" stimulus policy. Why are these two places still driven by investment?
Don’t be anxious, this investment is not that investment. If you look closely at the investment data, the growth rate of infrastructure investment in both places is much higher than that in industrial and real estate investment.
Liu Yuanchun, executive director of the National Development School of Renmin University of China, told the reporter of the Daily Economic News (WeChat ID: nbdnews) that infrastructure investment not only takes into account short-term effects but also focuses on long-term returns, and has nothing to do with expanding production capacity.
Night view of Chaotianmen in Chongqing (Picture from Oriental IC)
In fact, these two provinces and cities are now able to stand out, which is not unrelated to the strict control of excess capacity back then. Tang Zongwei, executive deputy director of the Management Committee of Chongqing Liangjiang New District and deputy secretary of the Party Working Committee, introduced during the Two Sessions: "Chongqing's economic development is fast and fast. When the whole country is facing 'decapacity', 'destock' and deleveraging', there are relatively few of the three 'departures' in Chongqing."
8 years ago, the national coal output was 2 billion tons, and Chongqing had 40 million tons. Eight years later, when the national output has reached 5 billion tons, Chongqing still maintains 40 million tons.
In contrast, Guizhou is a resource-rich province and its economic development is relatively backward. It is more difficult to curb the impulse of development and avoid overcapacity. However, judging from the data, Guizhou is doing well. In 2010, the province's coal production reached 150 million tons, and by 2015, this figure increased by only 20 million tons.
counted last year, and before the data for the first quarter was released,
is a resource-rich province, and life in Shanxi has been much harder.
Still depends on coal production. In 2009, Shanxi produced 620 million tons of coal. In 2015, with a slight year-on-year decline, Shanxi's coal production was still as high as 975 million tons.
In 2015, Shanxi Province's GDP increased by only 3.1% year-on-year, only 0.1 percentage point higher than Liaoning, ranking second to last in the country.
When releasing the data, the Shanxi Provincial Bureau of Statistics stated that in 2015, when the prices of energy raw materials such as coal continued to fall and the economic operation faced severe challenges, Shanxi Province's economy faced huge downward pressure and economic development was in the most difficult period.
Taiyuan, Shanxi (Picture from Oriental IC)
Second last Shanxi believes that last year is the most difficult, while Liaoning, the last year, believes that last year's economic situation is "the most severe and complex." Liaoning Governor Chen Qiufa pointed out in his 2016 government work report that the main reasons for Liaoning's economic decline are investment and industry difficulties.
In 2015, fixed asset investment in Liaoning Province dropped sharply by 27.8%, making it the only province among all provinces and cities in the country with negative investment growth.
At the same time, Liaoning Province's industrial added value of was down 4.8% from the previous year in 2015. The added value of manufacturing industries, which accounts for more than 80% of the province's industries, fell by 4.9%.
is in the northeast, and the situation in Heilongjiang and Jilin is not much better than that in Liaoning. Jilin, the only Northeast China that has released its first-quarter data, has a GDP growth of 6.2%, ranking last among the announced provinces.
Guangdong, Jiangsu and Shandong firmly sit in the "trillion club"
If the economic data is announced every quarter, it is a Huashan sword competition, then Chongqing and Guizhou have made the most progress in martial arts, such as Yang Guo and Linghu Chong . Liaoning, Heilongjiang and Shanxi have not yet arrived to compete. While the traditional economic strong provinces Guangdong, Jiangsu and Shandong are like the Southern Emperor and North Beggar , and have outstanding strength.
From the perspective of economic growth rate, Jiangsu has the fastest growing among the three provinces, with GDP growth of 8.3%, ranking eighth among the provinces and cities that have been "competed". Guangdong and Shandong have both grown 7.3%, ranking outside the tenth place.
However, the competition still depends on absolute strength. The total economic output of the three economically strong provinces in the first quarter exceeded one trillion yuan. The sum of the total volume of the three provinces was nearly 5 trillion yuan, accounting for more than 30% of the national GDP.
, deputy director of Guangdong Provincial Bureau of Statistics, Zhu Suiwen, analyzed that Guangdong's economic growth is stable, the degree of industrialization is high, the service industry is relatively developed, and the permanent population is the first in the country and the consumer market is huge. Even under the situation of great downward pressure on the economy, it still maintains a good development momentum.
Xu Fengxian, an expert in regional economic research at the Chinese Academy of Social Sciences, analyzed in an interview with a reporter from the Daily Economic News (WeChat ID: nbdnews) that as the "leader" of the national economy, eastern coastal provinces such as Guangdong and Jiangsu were the first to be impacted at the beginning of the outbreak of the economic crisis and also took the lead in structural adjustments. Therefore, although the economic growth rate of these provinces is not prominent in the country, their economic operations are relatively stable.
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