Wuhan’s substantial “recovery”
After Suzhou, Chengdu’s GDP exceeded 1.7 trillion yuan last year, ranking seventh in the country. In recent years, Chengdu has fully seized the opportunities for the development of high-tech industries, attracted a large number of talents, and built high-tech industrial development clusters. It has performed very prominently in the central and western cities.
At the end of 2019, Chengdu had a total of 4,149 high-tech enterprises, an increase of 1,036 over the previous year, an increase of 33.3%; the operating income of high-tech industries was 947.18 billion yuan, an increase of 10.8%. The emerging service industry is booming. The operating income of the Internet and related services, research and experimental development, technology promotion and application services above designated size increased by 32.7%, 24.8%, and 22.0% respectively.
As a national central city, the center of the southwest region, and a sub-provincial city, Chengdu has a total population of more than 16 million people, surpassing Guangshen and ranking fourth in the country. At the same time, Sichuan is the largest economic province in the west and the most populous province in the west, with a permanent population of 83.75 million and a registered population of over 90 million. Therefore, Chengdu’s economic hinterland is quite large.
In addition, Chengdu’s aviation throughput is second only to Beijing, Shanghai and Guangzhou, ranking fourth. According to the latest news released by the International Air Transport Association (IATA), the four cities with the strongest air connectivity in the world are all in China. Chengdu has become the fourth largest city in the world with the strongest air connectivity after Shanghai, Beijing and Guangzhou. .
The competition between the two central and western cities, Wuhan and Chengdu, is also very stale. These two central cities have strong higher education forces. In recent years, during the process of accelerating economic development in the central and western regions, the development of high-tech industries in the two cities has been very eye-catching. Last year, Wuhan’s GDP exceeded 1.6 trillion yuan, ranking eighth in the country.
Affected by the epidemic this year, although Wuhan’s GDP growth rate is still negative, the recovery is extremely strong. In the first three quarters, Wuhan’s total GDP was close to 90% of the same period last year, down 10.4% year-on-year, and the rate of decline narrowed by 9.1 percentage points from the first half of the year. According to local media reports, in the first three quarters, “Wuhan has returned to the top ten in the country”. It can be seen that Wuhan is rapidly “returning blood”.
Ye Qing, a professor at Zhongnan University of Economics and Law, analyzed to a reporter from China Business News that the total GDP of Wuhan is expected to return to the eighth position for the whole year of next year.
Ye Qing also said that Wuhan is one of the top centers of higher education in the country, with abundant scientific and educational resources, but weak in the transformation of scientific and technological achievements. Many achievements and talents flowed to Guangdong and other places. Therefore, the main shortcoming of Wuhan is that the science and innovation industry is relatively weak and lacks the driving force of leading innovative enterprises.
Hangzhou has strong industrial competitiveness but also has shortcomings
From the perspective of GDP, although Hangzhou’s economic aggregate in 2019 is still far away from the two trillion mark, in terms of industrial development level, Hangzhou is the new first-tier city closest to the four major first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen.
Among them, in terms of total capital, Hangzhou has exceeded 4.5 trillion yuan at the end of last year, ranking fifth in the country, and continues to closely follow Guangzhou; in terms of A-share listed companies, Hangzhou has reached 155, second only to Beijing, Shanghai and Shenzhen. Ranked fourth in the country.
In addition, an important indicator of first-tier cities is that they have strong talent attractiveness. To measure the attractiveness of a city to talents, the attractiveness of foreign talents, especially those from other provinces, is an important indicator. Generally speaking, first-tier cities can attract talents from all over the country, and the number of graduates from other provinces who are employed in first-tier cities is also relatively high.
According to the “Report on Chinese Employer Demand and White-collar Talent Supply in Autumn 2020” released by Zhaopin.com, Hangzhou’s average recruitment salary reached 9,812 yuan/month, second only to Beijing, Shanghai and Shenzhen, ranking fourth. According to data from the Max Research Institute, the proportion of undergraduate graduates from 2017 to 2019 who are employed in Hangzhou reaches 61%, surpassing Guangzhou and ranking fourth in the country.
Hangzhou’s outstanding performance is mainly due to the rapid development of the digital economy in recent years. Data show that in the first three quarters, the added value of the core industries of Hangzhou’s digital economy was 295.2 billion yuan, an increase of 11.5%, and the growth rate was 1 percentage point higher than that in the first half of the year, accounting for 25.5% of GDP. Among related industries, the electronic information product manufacturing industry grew by 12.6%, and the artificial intelligence industry grew by 10%. Driven by the digital economy, the city’s GDP in the first three quarters reached 1,156.7 billion yuan, a year-on-year increase of 3.2% at comparable prices.
However, Hangzhou’s shortcomings are also very obvious. For example, Hangzhou’s emerging industries have paid too much attention to model innovation, but they are still not strong in technology research and development. In particular, the entire information economy structure is weak, and technology manufacturing needs to be improved. In addition, compared with the first-tier cities, Hangzhou is more like a “single champion”, and the overall comprehensive functions are not small from the first-tier cities. For example, in terms of transportation, the gap in Hangzhou’s aviation and subway transportation is still large.
In addition to Hangzhou, the two cities of Nanjing and Tianjin exceeded 1.4 trillion yuan in GDP last year, which is still a long way from the 2 trillion mark.
The current advantages and shortcomings of these two cities are very prominent. As a megacity in the Yangtze River Delta, Nanjing’s major shortcoming is that its population is relatively small, with only more than 8 million people. It is also the only city with a permanent population of less than 10 million among the six reserve cities with a GDP of 2 trillion. However, Nanjing is the capital of Jiangsu, the second largest economic province. The neighboring Anhui has a rapid economic development. Nanjing has a large economic hinterland. In recent years, Nanjing’s abundant scientific and educational resources advantages have been continuously transformed into scientific innovation advantages.
For Tianjin, the current economic growth rate in North China is relatively slow, and Tianjin is also facing greater environmental pressure.
However, Tianjin’s advantages are also obvious. The “Recommendations on Formulating the Fourteenth Five-Year Plan for National Economic and Social Development of Tianjin and the Long-Term Goals for 2035” issued in full on November 30th stated that Tianjin should make every effort to serve Beijing’s non-capital functional relief and the construction of the Xiong’an New District. . Tighten the “niubi” of easing Beijing’s non-capital functions, and actively serve Beijing, learn from Beijing, and rely on Beijing. Driven by Beijing, Tianjin will accelerate its upgrading and development.