Tagged: GDP

Vietnam’s GDP growth of 4.48% in the first quarter was lower than expected

Vietnam’s gross domestic product (GDP) grew by 4.48% in the first quarter of this year, the same as that in the fourth quarter of last year, less than market expectations, according to data released by Vietnam’s General Bureau of statistics on Monday.

Vietnam's GDP growth of 4.48% in the first quarter was lower than expected

According to the data, Vietnam’s exports increased by 19.2% and imports by 27.7% in March.

 

Vietnam was one of the few economies in the world that did not shrink from the epidemic last year. Earlier this month, Moody’s Investors Service raised Vietnam’s rating outlook from “negative” to “positive”, while confirming its “ba3” rating, saying that the country would benefit from changes in global production, trade and consumption after the outbreak.

 

In response to the move, Vietnam’s Ministry of Finance promised to “continue to implement policies to ensure macroeconomic stability and enhance economic competitiveness.” Vietnam’s parliament has set an official growth target of 6% for this year, while the government hopes to reach 6.5%.

GDP growth target of 29 provinces in 2021

Beijing, February 3 (reporter Li Jinlei) – as of February 2, in addition to Hebei, Heilongjiang, the remaining 29 provinces in the government work report have made clear the economic growth target in 2021.

Beijing, February 3 (reporter Li Jinlei) - as of February 2, in addition to Hebei, Heilongjiang, the remaining 29 provinces in the government work report have made clear the economic growth target in 2021. On the whole, the GDP growth targets set by 29 provinces in 2021 are not less than 6%, and the GDP growth targets set by Hubei and Hainan are currently the highest, more than 10%. The GDP growth targets of the top three economic provinces are all above 6% In terms of total GDP, Guangdong, Jiangsu and Shandong are among the top three. The GDP growth targets of these three economic provinces in 2021 are all above 6%. Among them, the GDP of "Guangdong boss" exceeded 11 trillion yuan for the first time in 2020, with a year-on-year growth of 2.3%. In 2020, the GDP of "Su Da Qiang" will exceed 10 trillion yuan for the first time, an increase of 3.7% over the previous year. The GDP of "Lu Dazhuang" in 2020 will be 7312.9 billion yuan, an increase of 3.6% over the previous year. On February 2, Li Ganjie, governor of Shandong Province, said that the reason why the economic growth target of more than 6% was set is mainly based on the following considerations: first, it is conducive to properly deal with the epidemic situation and the uncertainty of the external environment, leaving room for steady development; second, it is conducive to guiding all localities to put the improvement of quality and efficiency in a more prominent position, make good use of the precious time window, and focus on solving the problems left over by history To promote reform, innovation and high-quality development; third, to gradually release the development potential, not only to lay a good foundation for the start of the 14th five year plan, but also to create conditions for sustainable development in the future; fourth, to be realistic and pragmatic, to work hard, to focus on implementation, and to strive to achieve quality, efficiency and no water growth. The GDP growth target of Hubei and Hainan is more than 10% Among the 29 provinces, Hubei and Hainan set the highest GDP growth target of more than 10%, reaching double digits. Hubei's GDP growth in 2020 is still negative. After withstanding the huge impact of the 76 day "suspension", Hubei's GDP in the first quarter, the first half of the year and the first three quarters of 2020 decreased by 39.2%, 19.3% and 10.4% respectively, and the annual decline narrowed to 5.0%. Xu Hongcai, deputy director of the economic policy committee of China Policy Science Research Association, told China news. Com that last year, Hubei was the hardest hit by the epidemic and its GDP base was relatively low. This year, there will be a rebound. The expected target of 10% is reasonable. Hainan vigorously promotes the construction of free trade port, which has obvious advantages in policy resources, and its own economic aggregate is relatively small, so it is also necessary to set a higher growth target for the construction of free trade port. Wang Xiaodong, governor of Hubei Province, pointed out in his government work report that 10% growth is the bottom line requirement. In practical work, we should show the state and style of "fighting", "grabbing" and "reality", strive for "progress" on the premise and basis of "stability", and try our best to strive for better results. "Last year, the economy of our province was seriously damaged. This year, we should try our best to return to normal. We should not only make up for the losses, but also strive to catch up with the growth we should have, so as to ensure a beautiful start and a wonderful year. By comprehensively analyzing the economic fundamentals and development trend of our province, and considering the low base factor and potential growth rate of last year, the economic growth target of this year is set at more than 10%, which is positive and has strong support. " Wang Xiaodong said. In 2020, Hainan's GDP will be 553.239 billion yuan, ranking 28th in China, with an increase of 3.5%. According to the work report of Hainan government in 2021, Hainan will pay special attention to the early arrangement of free trade port in 2021, make good use of the policies of duty-free shopping "mail delivery" in outlying islands, residents of the island "deposit in outlying islands, return to the island to pick up" and duty-free purchase of imported goods, and strive to exceed 60 billion yuan in duty-free sales. The top three provinces' GDP growth targets are still high this year In 2020, Tibet, Guizhou and Yunnan are the top three in terms of GDP growth. Among them, Tibet leads the country with a growth rate of 7.8%. Guizhou's GDP growth will reach 4.5% in 2020 and Yunnan's will reach 4% in 2020. The GDP growth target of Tibet in 2021 is more than 9%, that of Guizhou in 2021 is about 8%, and that of Yunnan in 2021 is more than 8%. With the backing of economic growth against the trend in 2020, the GDP growth target of these three provinces in 2021 is still relatively high. What signal does local GDP growth target release? According to the latest world economic outlook report recently released by the International Monetary Fund, the global economy will grow by 5.5% and China's economy will grow by 8.1% in 2021. At present, more than 20 provinces in China have set an economic growth target of less than 8% in 2021, which is slightly cautious and conservative compared with the forecast of international institutions. In Xu Hongcai's view, the target of more than 6% is relatively stable, which is conducive to the continuity and stability of the expected target. It is also the embodiment of the bottom line thinking of the local government and leaving room. After all, there are many uncertainties in the changes of the epidemic situation and the external environment. At the same time, it also reflects that we do not excessively pursue GDP growth, but focus on the improvement of quality and efficiency.

On the whole, the GDP growth targets set by 29 provinces in 2021 are not less than 6%, and the GDP growth targets set by Hubei and Hainan are currently the highest, more than 10%.

 

The GDP growth targets of the top three economic provinces are all above 6%

 

In terms of total GDP, Guangdong, Jiangsu and Shandong are among the top three. The GDP growth targets of these three economic provinces in 2021 are all above 6%.

 

Among them, the GDP of “Guangdong boss” exceeded 11 trillion yuan for the first time in 2020, with a year-on-year growth of 2.3%. In 2020, the GDP of “Su Da Qiang” will exceed 10 trillion yuan for the first time, an increase of 3.7% over the previous year. The GDP of “Lu Dazhuang” in 2020 will be 7312.9 billion yuan, an increase of 3.6% over the previous year.

 

On February 2, Li Ganjie, governor of Shandong Province, said that the reason why the economic growth target of more than 6% was set is mainly based on the following considerations: first, it is conducive to properly deal with the epidemic situation and the uncertainty of the external environment, leaving room for steady development; second, it is conducive to guiding all localities to put the improvement of quality and efficiency in a more prominent position, make good use of the precious time window, and focus on solving the problems left over by history To promote reform, innovation and high-quality development; third, to gradually release the development potential, not only to lay a good foundation for the start of the 14th five year plan, but also to create conditions for sustainable development in the future; fourth, to be realistic and pragmatic, to work hard, to focus on implementation, and to strive to achieve quality, efficiency and no water growth.

 

The GDP growth target of Hubei and Hainan is more than 10%

 

Among the 29 provinces, Hubei and Hainan set the highest GDP growth target of more than 10%, reaching double digits.

 

Hubei’s GDP growth in 2020 is still negative. After withstanding the huge impact of the 76 day “suspension”, Hubei’s GDP in the first quarter, the first half of the year and the first three quarters of 2020 decreased by 39.2%, 19.3% and 10.4% respectively, and the annual decline narrowed to 5.0%.

 

Xu Hongcai, deputy director of the economic policy committee of China Policy Science Research Association, told China news. Com that last year, Hubei was the hardest hit by the epidemic and its GDP base was relatively low. This year, there will be a rebound. The expected target of 10% is reasonable. Hainan vigorously promotes the construction of free trade port, which has obvious advantages in policy resources, and its own economic aggregate is relatively small, so it is also necessary to set a higher growth target for the construction of free trade port.

 

Wang Xiaodong, governor of Hubei Province, pointed out in his government work report that 10% growth is the bottom line requirement. In practical work, we should show the state and style of “fighting”, “grabbing” and “reality”, strive for “progress” on the premise and basis of “stability”, and try our best to strive for better results.

Beijing, February 3 (reporter Li Jinlei) - as of February 2, in addition to Hebei, Heilongjiang, the remaining 29 provinces in the government work report have made clear the economic growth target in 2021. On the whole, the GDP growth targets set by 29 provinces in 2021 are not less than 6%, and the GDP growth targets set by Hubei and Hainan are currently the highest, more than 10%. The GDP growth targets of the top three economic provinces are all above 6% In terms of total GDP, Guangdong, Jiangsu and Shandong are among the top three. The GDP growth targets of these three economic provinces in 2021 are all above 6%. Among them, the GDP of "Guangdong boss" exceeded 11 trillion yuan for the first time in 2020, with a year-on-year growth of 2.3%. In 2020, the GDP of "Su Da Qiang" will exceed 10 trillion yuan for the first time, an increase of 3.7% over the previous year. The GDP of "Lu Dazhuang" in 2020 will be 7312.9 billion yuan, an increase of 3.6% over the previous year. On February 2, Li Ganjie, governor of Shandong Province, said that the reason why the economic growth target of more than 6% was set is mainly based on the following considerations: first, it is conducive to properly deal with the epidemic situation and the uncertainty of the external environment, leaving room for steady development; second, it is conducive to guiding all localities to put the improvement of quality and efficiency in a more prominent position, make good use of the precious time window, and focus on solving the problems left over by history To promote reform, innovation and high-quality development; third, to gradually release the development potential, not only to lay a good foundation for the start of the 14th five year plan, but also to create conditions for sustainable development in the future; fourth, to be realistic and pragmatic, to work hard, to focus on implementation, and to strive to achieve quality, efficiency and no water growth. The GDP growth target of Hubei and Hainan is more than 10% Among the 29 provinces, Hubei and Hainan set the highest GDP growth target of more than 10%, reaching double digits. Hubei's GDP growth in 2020 is still negative. After withstanding the huge impact of the 76 day "suspension", Hubei's GDP in the first quarter, the first half of the year and the first three quarters of 2020 decreased by 39.2%, 19.3% and 10.4% respectively, and the annual decline narrowed to 5.0%. Xu Hongcai, deputy director of the economic policy committee of China Policy Science Research Association, told China news. Com that last year, Hubei was the hardest hit by the epidemic and its GDP base was relatively low. This year, there will be a rebound. The expected target of 10% is reasonable. Hainan vigorously promotes the construction of free trade port, which has obvious advantages in policy resources, and its own economic aggregate is relatively small, so it is also necessary to set a higher growth target for the construction of free trade port. Wang Xiaodong, governor of Hubei Province, pointed out in his government work report that 10% growth is the bottom line requirement. In practical work, we should show the state and style of "fighting", "grabbing" and "reality", strive for "progress" on the premise and basis of "stability", and try our best to strive for better results. "Last year, the economy of our province was seriously damaged. This year, we should try our best to return to normal. We should not only make up for the losses, but also strive to catch up with the growth we should have, so as to ensure a beautiful start and a wonderful year. By comprehensively analyzing the economic fundamentals and development trend of our province, and considering the low base factor and potential growth rate of last year, the economic growth target of this year is set at more than 10%, which is positive and has strong support. " Wang Xiaodong said. In 2020, Hainan's GDP will be 553.239 billion yuan, ranking 28th in China, with an increase of 3.5%. According to the work report of Hainan government in 2021, Hainan will pay special attention to the early arrangement of free trade port in 2021, make good use of the policies of duty-free shopping "mail delivery" in outlying islands, residents of the island "deposit in outlying islands, return to the island to pick up" and duty-free purchase of imported goods, and strive to exceed 60 billion yuan in duty-free sales. The top three provinces' GDP growth targets are still high this year In 2020, Tibet, Guizhou and Yunnan are the top three in terms of GDP growth. Among them, Tibet leads the country with a growth rate of 7.8%. Guizhou's GDP growth will reach 4.5% in 2020 and Yunnan's will reach 4% in 2020. The GDP growth target of Tibet in 2021 is more than 9%, that of Guizhou in 2021 is about 8%, and that of Yunnan in 2021 is more than 8%. With the backing of economic growth against the trend in 2020, the GDP growth target of these three provinces in 2021 is still relatively high. What signal does local GDP growth target release? According to the latest world economic outlook report recently released by the International Monetary Fund, the global economy will grow by 5.5% and China's economy will grow by 8.1% in 2021. At present, more than 20 provinces in China have set an economic growth target of less than 8% in 2021, which is slightly cautious and conservative compared with the forecast of international institutions. In Xu Hongcai's view, the target of more than 6% is relatively stable, which is conducive to the continuity and stability of the expected target. It is also the embodiment of the bottom line thinking of the local government and leaving room. After all, there are many uncertainties in the changes of the epidemic situation and the external environment. At the same time, it also reflects that we do not excessively pursue GDP growth, but focus on the improvement of quality and efficiency.

“Last year, the economy of our province was seriously damaged. This year, we should try our best to return to normal. We should not only make up for the losses, but also strive to catch up with the growth we should have, so as to ensure a beautiful start and a wonderful year. By comprehensively analyzing the economic fundamentals and development trend of our province, and considering the low base factor and potential growth rate of last year, the economic growth target of this year is set at more than 10%, which is positive and has strong support. ” Wang Xiaodong said.

 

In 2020, Hainan’s GDP will be 553.239 billion yuan, ranking 28th in China, with an increase of 3.5%. According to the work report of Hainan government in 2021, Hainan will pay special attention to the early arrangement of free trade port in 2021, make good use of the policies of duty-free shopping “mail delivery” in outlying islands, residents of the island “deposit in outlying islands, return to the island to pick up” and duty-free purchase of imported goods, and strive to exceed 60 billion yuan in duty-free sales.

 

The top three provinces’ GDP growth targets are still high this year

 

In 2020, Tibet, Guizhou and Yunnan are the top three in terms of GDP growth. Among them, Tibet leads the country with a growth rate of 7.8%. Guizhou’s GDP growth will reach 4.5% in 2020 and Yunnan’s will reach 4% in 2020.

 

The GDP growth target of Tibet in 2021 is more than 9%, that of Guizhou in 2021 is about 8%, and that of Yunnan in 2021 is more than 8%.

 

With the backing of economic growth against the trend in 2020, the GDP growth target of these three provinces in 2021 is still relatively high.

 

What signal does local GDP growth target release?

 

According to the latest world economic outlook report recently released by the International Monetary Fund, the global economy will grow by 5.5% and China’s economy will grow by 8.1% in 2021.

 

At present, more than 20 provinces in China have set an economic growth target of less than 8% in 2021, which is slightly cautious and conservative compared with the forecast of international institutions.

 

In Xu Hongcai’s view, the target of more than 6% is relatively stable, which is conducive to the continuity and stability of the expected target. It is also the embodiment of the bottom line thinking of the local government and leaving room. After all, there are many uncertainties in the changes of the epidemic situation and the external environment. At the same time, it also reflects that we do not excessively pursue GDP growth, but focus on the improvement of quality and efficiency.

Wuhan quickly “returns blood”

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.

illustration
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.

Who is the next 2 trillion GDP city

At the time when the GDP trillion yuan city is about to expand to more than 20, many strong second-tier cities are marching toward the GDP 2 trillion yuan goal.

In 2019, my country has five cities with GDP exceeding the 2 trillion yuan mark, namely Shanghai, Beijing, Shenzhen, Guangzhou and Chongqing. After these five cities, which other cities are also expected to enter this rank?

The data shows that in 2019, the GDP of 6 cities is between 1.4 trillion and 2 trillion yuan, namely Suzhou, Chengdu, Wuhan, Hangzhou, Tianjin and Nanjing. Among them, Suzhou and Chengdu are the closest to 2 trillion yuan.

city
Suzhou is expected to take the lead in crossing the line

It is not a city listed in a separate state plan or a sub-provincial city. As an ordinary prefecture-level city, Suzhou’s economic aggregate was second only to the four first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen for many years, ranking fifth in the country. Although it has declined in recent years, it still ranks sixth in the country, second only to Beijing, Shanghai, Guangzhou, Shenzhen and Chongqing.

After the reform and opening up, the export-oriented industries in the southern Jiangsu area near Shanghai developed rapidly. Suzhou, which is close to Shanghai, through the division of labor and cooperation with Shanghai, achieved rapid industrial economic development and developed into the country’s largest city in industrial output. Several county-level cities under the jurisdiction of Suzhou, including Kunshan, Zhangjiagang and Changshu, have long been among the top 100 counties in China.

Among them, Kunshan’s GDP exceeded 400 billion yuan, surpassing provincial capitals such as Guiyang and Taiyuan.

Not only that, last year, Suzhou recognized 3,160 national high-tech enterprises, with a total of 7,052, second only to Beijing, Shanghai, Guangzhou and Shenzhen, becoming the city with the largest number of high-tech enterprises in the second-tier cities. It can be seen that the spillover effect of accepting Shanghai is very significant.

In 2019, Suzhou achieved a regional GDP of 1923.58 billion yuan, an increase of 5.6% over the previous year at comparable prices, and it is not far from the 2 trillion yuan mark. However, affected by factors such as the epidemic, Suzhou achieved a GDP of 1,420.8 billion yuan in the first three quarters of this year, which is 579.2 billion yuan away from 2 trillion yuan. From the perspective of a single quarter, Suzhou achieved a GDP of 515.78 billion yuan in the third quarter, so it is still not easy to break through 2 trillion yuan this year.

However, Ding Changfa, an associate professor of economics at Xiamen University, analyzed to a reporter from China Business News that in the fourth quarter, foreign trade exports rebounded sharply. As a highly export-oriented city, Suzhou’s economic growth rate is expected to continue to rebound.

Of course, as a prefecture-level city with the largest economic aggregate, Suzhou’s future development also has many shortcomings. For example, from the perspective of urban spatial structure, although the total population of Suzhou’s urban area exceeds 10 million, the population of the central city is only 3.57 million, which is not a small distance from the megacities, and the development of modern service industry is not outstanding enough.

According to media analysis, Suzhou has always been hailed as “the strongest prefecture-level city”, which also implies a reality: Suzhou is “just a prefecture-level city.” Therefore, in the process of developing high-end producer services, when higher resource allocation rights are needed, Suzhou’s urban energy level is an obvious “ceiling.”

Ding Changfa analyzed that Suzhou really needs to make up for its shortcomings in the modern service industry. Some service industries can develop, but some service industries are definitely not as good as Shanghai and Nanjing. Shanghai is fully developed in a dislocation.

He said that Suzhou also has many advantages of its own. In the future, it will focus on the transformation and upgrading of manufacturing industry, and make efforts in manufacturing R&D to develop industries and fields with its own comparative advantages.

Top ten GDP cities in central and Western China: Chongqing

After China’s economy has entered a new stage of transformation and upgrading, the role of central cities in economic development has become increasingly prominent. Especially in the central and western regions, the role of central growth pole is more prominent.
Based on the statistics of the main economic indicators of the top ten cities with GDP in the first three quarters of the central and western regions and the top ten cities in 2019, the GDP of five cities in the central and western regions exceeded trillion yuan in 2019, of which Chongqing, Chengdu and Wuhan are among the top three cities in the central and western regions. In addition, nine of the top 10 cities are provincial capitals, and only Luoyang is an ordinary prefecture level city.
Who is the biggest brother in the Midwest?
According to the data, in the first three quarters, Chongqing, Chengdu, Wuhan, Changsha, Zhengzhou, Hefei, Xi’an, Kunming, Nanchang and Luoyang are the top ten cities in the central and western regions, which are consistent with the whole year of 2019.
Among them, in the first three quarters, the GDP of Chongqing, Chengdu and Wuhan exceeded trillion yuan, Changsha and Zhengzhou exceeded 800 billion yuan, and Hefei and Xi’an were in the echelon of 700 billion yuan.

buildings
From the perspective of the whole year of 2019, there are five cities with GDP exceeding the trillion yuan mark, namely Chongqing, Chengdu, Wuhan, Changsha and Zhengzhou; Hefei and Xi’an, with more than 900 billion yuan, belong to the reserve forces of the club cities with trillion GDP, so it is more likely to break through the trillion yuan mark this year. These seven cities are also the most competitive “seven little dragons” in central and Western China.
From the perspective of specific cities, Chongqing, Chengdu and Wuhan are in the first echelon. These three cities are the three cities with the largest economic volume, the largest population in the central urban area and the strongest radiation force in the central and western regions. They are also national central cities. In a number of important indicators, the three cities are significantly ahead of other cities.
For example, in terms of GDP, the three cities will all exceed 1.6 trillion yuan in 2019; in terms of total capital, Chongqing and Chengdu will both exceed 3.9 trillion yuan; in terms of the population size of the main urban areas, the three cities will have more than 8 million people, and they are marching towards megacities.
As the only municipality directly under the central government in the central and western regions, Chongqing’s GDP ranks first in the central and western regions. In the first three quarters of this year, Chongqing’s GDP reached 177.710 billion yuan, a year-on-year increase of 2.6%. According to the current situation, it is very likely that Chongqing’s GDP will surpass that of Guangzhou in the whole year.
Peng Peng, executive chairman of the Guangdong Provincial Institute of restructuring and reform, who is home to Chongqing, analyzed to the first financial reporter that the area and total population of Chongqing are much larger than those of Guangzhou. Chongqing has a population of more than 30 million, with an area of 82400 square kilometers, which is equivalent to a medium-sized province. There is still a lot of room for development. It is normal for Chongqing’s GDP to rank before Guangzhou in the future.
From the analysis of industrial structure, Chongqing’s rapid economic growth is closely related to the rapid growth of industrial manufacturing industry. In particular, with the rapid growth of “6 + 1” pillar industries, such as automobile, electronics, equipment, chemical medicine, consumer goods, materials and energy, Chongqing has taken the lead in completing the industrialization process in the central and western provinces. However, compared with Wuhan and Chengdu, Chongqing’s industry is relatively “traditional”, and the development of high-tech industry, emerging industry and intelligent manufacturing is insufficient.
Among them, state-level high-tech enterprises are important indicators to measure the development of high-tech industries in a city. According to the data, in 2019, the number of state-owned high-tech enterprises in Wuhan and Chengdu has exceeded 4000, while the number of state-owned high-tech enterprises in Chongqing is 3141, which is far away from both Wuhan and Chengdu.
Wuhan is the city with the strongest higher education strength in the central and western regions, and also the city with the largest number of high-tech enterprises in the central and western regions. In 2019, Wuhan has reached 4417. Wuhan East Lake high tech Zone has gathered dozens of listed companies such as Fiberhome communications, Huagong technology, etc., which is one of the most concentrated areas of Listed Companies in China.
Compared with Chongqing and Chengdu in the upper reaches of the Yangtze River, Wuhan also has shortcomings and gaps in many aspects. For example, Wuhan’s total capital is 2.86 trillion yuan, while Chongqing and Chengdu exceed 3.9 trillion yuan in the same period; in 2019, the foreign trade import and export volume of Chongqing and Chengdu both reached about 580 billion yuan, while that of Wuhan was only 244 billion yuan in the same period. In addition, Wuhan is located in the middle reaches of the Yangtze River urban agglomeration, the overall competitiveness is also significantly lower than that of Chengdu Chongqing urban agglomeration.
Changsha and Zhengzhou compete for the second place in Central China
Hefei, Xi’an: towards the trillion mark
After the top three, Changsha and Zhengzhou, the two central provincial capitals, ranked fourth and fifth respectively. The provinces where these two cities are located are the provinces with large population and agriculture in the central region, as well as the top ten provinces in terms of economic aggregate. In general, there is a big distance between the two cities. Therefore, in the future, which city will be the fourth in the Midwest and the second in the central China?
According to the data, Zhengzhou’s GDP will surpass Changsha by 1.5 billion yuan in 2019 and become the second largest in Central China. However, in the first three quarters of this year, Changsha and Zhengzhou compete for the second place in Central China
Hefei, Xi’an: towards the trillion mark
After the top three, Changsha and Zhengzhou, the two central provincial capitals, ranked fourth and fifth respectively. The provinces where these two cities are located are the provinces with large population and agriculture in the central region, as well as the top ten provinces in terms of economic aggregate. In general, there is a big distance between the two cities. Therefore, in the future, which city will be the fourth in the Midwest and the second in the central China?
According to the data, Zhengzhou’s GDP will surpass Changsha by 1.5 billion yuan in 2019 and become the second largest in Central China. However, in the first three quarters of this year, Changsha surpassed Zhengzhou by 28.4 billion yuan, ranking second in the center.
From the main economic indicators, the two cities have their own advantages. In terms of foreign trade import and export, Zhengzhou is twice as much as Changsha. In addition, in terms of the size of permanent residents, urban population and economic hinterland, Zhengzhou has more prominent advantages. Niu Fengrui, a researcher at the center for urban development and environment of the Chinese Academy of Social Sciences, analyzed the first financial reporter. Zhengzhou is the capital city of Henan. Henan is the most populous province in China, and is the core area of the Central Plains. As the center of land transportation, Zhengzhou is becoming more and more important as a logistics center.
However, Changsha also has obvious advantages. On the one hand, Changsha’s equipment manufacturing industry, cultural industry, medicine and automobile industry are very prominent. Take the equipment manufacturing industry as an example, in recent years, Sany Heavy Industry, Zoomlion, Shanhe intelligent and other equipment manufacturing enterprises have emerged in Changsha. On the other hand, Changsha’s private economy is also very good. At the same time, it also has famous universities such as National Defense University of science and technology, Central South University and Hunan University. The development trend of high-tech industry is also very good. Last year, the number of state-owned high-tech enterprises in Changsha exceeded 3000.
Geng Mingzhai, honorary Dean of the school of economics of Henan University, believes that Zhengzhou lacks a high-level platform for gathering innovative talents, and there is no good university, university or institute, so the total amount and level of high-quality innovative talents are not enough.
The GDP of Hefei and Xi’an both exceeded 900 billion yuan last year, and exceeded 700 billion yuan in the first three quarters of this year. Both cities are expected to enter the ranks of trillion cities this year.
These two cities have also been popular on the Internet in recent years. Among them, Hefei is widely concerned because of its large-scale layout in emerging industries. According to the data, at the beginning of the founding of new China, Hefei was a small city with a population of only 60600, with a total industrial output value of only 1.63 million yuan, far less than Bengbu, Wuhu, Anqing and other cities in the province. Even in 2000, Hefei was known as a big county seat by the outside world. At that time, its GDP was only 32.5 billion yuan, ranking more than 80 cities in China. However, after entering the new century, Hefei has made great progress all the way, surpassing many provincial capitals and cities with separate plans, ranking 21st in China in 2019.
Lin Fei, a researcher at the Institute of economics, Anhui Academy of Social Sciences, analyzed Hefei’s overall development thinking in recent years, accurately grasped the industrial development law, and grasped the industrial division and upgrading path. On the one hand, it did a good job in the agglomeration and upgrading of the original industries, on the other hand, it vigorously developed emerging industries such as integrated circuits and artificial intelligence.
Xi’an is the only one among the nine national central cities whose GDP has not yet exceeded the trillion mark. In the first three quarters of this year, Xi’an’s GDP reached 707.531 billion yuan, an increase of 4.5%. It is very possible to break through the trillion mark.
At present, Xi’an is the leading city in the whole northwest region, with a high degree of primacy. At the same time, Xi’an is one of the five major science and education towns in China, with good innovation resources and urban development foundation.

The GDP per capita in 28 ordinary cities exceeds 100,000

GDP per capita is one of the important indicators to measure the level of regional development. Apart from municipalities directly under the Central Government, cities under separate state planning, and provincial capitals, what other ordinary prefecture-level cities have relatively high per capita GDP?

After analyzing the per capita GDP of various prefecture-level cities, a reporter from China Business News found that there are currently 70 ordinary prefecture-level cities with a per capita GDP higher than the national average of 70,892 yuan in 2019, of which 28 cities exceed the 100,000 yuan mark. There are two main parts of the city. One part comes from the eastern coastal areas with developed manufacturing industries and many factories; the other part mainly comes from some major energy cities in the central and western regions, dominated by oil and coal industries.

GDP per capita

Jiangsu has the most shortlisted cities

In terms of regional distribution, 20 of the 28 cities are from the eastern coastal areas, mainly distributed in the five provinces of Jiangsu, Shandong, Zhejiang, Fujian and Guangdong. Among them, Jiangsu has 7 prefecture-level cities shortlisted, which is the province with the most shortlisted cities. Jiangsu is also the province with the highest per capita GDP outside of the municipalities directly under the Central Government. Last year, the province’s per capita GDP reached 123,607 yuan, ranking third after Beijing and Shanghai among all provinces.

The seven prefecture-level cities in Jiangsu shortlisted are Wuxi, Suzhou, Changzhou, Zhenjiang, Yangzhou, Nantong, and Taizhou, mainly in southern Jiangsu and central Jiangsu. After the reform and opening up, benefiting from the development of the export-oriented economy, the economic development of Jiangsu as a whole changed according to the distance from Shanghai. The “Suzhou, Wuxi, and Changzhou” areas nearest to Shanghai have the best economic development, followed by Nantong, Yangzhou, and Taizhou in central Jiangsu. Northern Jiangsu is relatively backward. However, in recent years, the regional gap between north and south Jiangsu has been narrowing.

Zhejiang, which belongs to the Yangtze River Delta, has 4 cities with a per capita GDP of more than 100,000 yuan, namely Zhoushan, Shaoxing, Jiaxing and Huzhou, all located near Hangzhou Bay. It can be seen that Zhejiang’s economy is also showing obvious north-south differentiation, and the development level of several cities in the core area of ​​the Yangtze River Delta is higher than that of Western Zhejiang and Southern Zhejiang.

Three cities in Guangdong, Fujian and Shandong each were shortlisted. The three shortlisted cities in Guangdong, the largest economic province, are Zhuhai, Foshan and Dongguan. Zhuhai is a special economic zone and a central city on the west bank of the Pearl River. Although the total economic volume is not large, the tertiary industry and high-tech industries have developed very well in recent years. Foshan and Dongguan are famous manufacturing cities, and Dongguan is even more known as the “world factory”. In terms of regional distribution, these three cities are located in the core area of ​​the Pearl River Delta, close to first-tier cities.

The three shortlisted cities in Fujian are Quanzhou, Longyan and Sanming. Among them, Quanzhou occupies the coast of southern Fujian, with textiles, shoes and hats and other light textile industries as its pillar industries, ranking first in Fujian’s total economic output for more than 20 years. Longyan and Sanming are located in the mountainous areas of southwestern and western Fujian. Although these two cities have more mountains and less flat land, their per capita GDP exceeds that of Zhangzhou and Putian, which have more flat land along the eastern coast of Fujian. This also highlights the balanced development of Fujian. Fujian is also the only province where the per capita GDP of all prefectures and cities exceeds the national average.

Ding Changfa, associate professor of the Department of Economics of Xiamen University, analyzed to a reporter from China Business News that the per capita forest area in several mountainous cities in Fujian is large, and people can get a lot of benefits from forestry and agriculture. In the past, Sanming and other places had a better development foundation. In addition, Fujian has achieved high-speed rail links between cities and counties and highways between counties and counties. The infrastructure is relatively complete, which is also conducive to the balanced development of the region.

The three shortlisted cities in Shandong are Dongying, Yantai and Weihai. Among them, Dongying is an oil city. Yantai and Weihai are economically developed areas on the Jiaodong Peninsula with outstanding manufacturing and foreign trade imports and exports.

On the whole, among the 20 coastal cities with per capita GDP exceeding 100,000 yuan, with the exception of Dongying, a typical energy city, and the prominent energy heavy chemical industries in Longyan and Sanming, the rest are mostly export-oriented economies with developed and manufacturing industries. A developed city with many factories. For example, Suzhou’s electronic information, light industry, and textiles are very prominent, making it one of the cities with the largest industrial output value in my country; Dongguan’s electronic information, textiles and clothing, and Foshan’s home appliances, ceramics, and furniture are all prominent.

For these manufacturing-based cities, they are currently facing the hurdle of accelerating transformation and upgrading. On the one hand, in recent years, foreign trade exports have slowed down, and the economic growth of these export-oriented cities has also slowed down. On the other hand, the industrial structure of these cities is dominated by the manufacturing industry. In terms of urban spatial distribution, the counties and townships under their jurisdiction are often strong but the central area is weak. The tertiary industry, especially the modern service industry, is not prominent enough. The transformation and upgrading of the urban economy.

Looking to the future, these cities have different development paths. Including Suzhou, Dongguan, Foshan, Wuxi, Nantong, Zhuhai and other ordinary prefecture-level cities in the core areas of the Yangtze River Delta and the Pearl River Delta, and adjacent to first-tier leading cities, the current transformation and upgrading are mainly in the process of integration of urban agglomerations and metropolitan areas , Close cooperation with first-tier cities and core cities, complement each other’s advantages, and accelerate the upgrading of its own industries by taking advantage of the opportunities of resources and industry spillovers from first-tier cities.

While Quanzhou, Yantai and other ordinary prefecture-level cities far away from the core economy and first-tier cities, although the per capita GDP is relatively high, they generally suffer from insufficient development of high-tech industries and high dependence on traditional paths. In the future, these cities still need to solve the bottlenecks such as insufficient talents and weak driving force in central urban areas.