Comparison between Guangdong economy and Jiangsu,

2022-08-05
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Comparison of Guangdong's economy with that of Jiangsu, Shandong, Zhejiang and Shanghai in the first half of this year, Guangdong, under the correct leadership of the Party Central Committee and the State Council, has responded calmly and worked together to fight SARS on the one hand and economic development on the other. It has always insisted on not stopping production, classes, cities and customs offices. In the first half of this year, the economic operation has basically maintained a good momentum, and the economic growth has reached a new high since 1996. At the same time, the more developed provinces and cities along the eastern coast have the advantage of late development, which has formed a momentum of catching up with Guangdong. However, challenges and hopes coexist. It is expected that the province's economy and society will embark on a normal development track from the third quarter, and Guangdong's economy is expected to enter a new platform of rapid growth

basic overview of economic operation

according to preliminary estimates, Guangdong achieved a GDP of 582.203 billion yuan in the first half of this year, an increase of 12.6% over the same period of last year. Although the growth rate is 0.4% lower than that in the first quarter, I hope the above brief introduction can help you, but it has increased by 1.9% year-on-year, which is the best level in the same period in recent eight years. Among them, the primary industry decreased by 1.3%, the secondary industry increased by 16.0%, and the tertiary industry increased by 10.5%. The main economic indicators maintained rapid growth, and the growth rates of industrial production, fixed asset investment, resident income and other indicators were higher than the same period in the past few years (see Table 1). The economic structure was further optimized. In the first half of the year, the ratio of added value of light and light industries changed from 1:1.17 in the same period of the previous year to 1:1.35; The growth of pillar industries accelerated significantly. The proportion of three emerging pillar industries and nine major industries in the industry increased from 46.5% and 73.2% in the same period of last year to 50.1% and 75.2% respectively. The macroeconomic benefits have improved significantly. In the first half of the year, the comprehensive index of economic benefits of industries above designated size was 144.6, an increase of 11.0 points year-on-year; After offsetting profits and losses, the total profit was 41.863 billion yuan, an increase of 32.5%, an increase of 11.8 percentage points year-on-year. In the first half of the year, the provincial general budget revenue of local finance was 62.742 billion yuan, an increase of 15.6% according to comparable standards. In general, Guangdong's economic situation in the first half of the year basically maintained a good pattern in the first quarter

compared with Jiangsu, Shandong, Zhejiang and Shanghai

in the first half of the year, Guangdong's economic growth hit a new high in recent years. However, we are soberly aware that compared with Jiangsu, Shandong, Zhejiang and Shanghai, some developed provinces developed faster, and Guangdong became a good pacesetter and continued to be in the forefront of the country, forming a severe challenge

(I) production: the total output is still in the lead, and the growth trend is in the middle.

Guangdong's GDP ranks first among provinces and cities in China, and continues to maintain the leading position in the total output (see Table 2), but the growth rate of major economic indicators is only at the middle level of the developed eastern coastal areas. In the first half of the year, Guangdong's GDP grew by 12.6% year-on-year, lagging behind Jiangsu's 13.0%, Shandong's 12.9% and Zhejiang's 12.7%, higher than Shanghai's 11.4% and the national average of 8.2%. It is worth noting that in the first half of the year, the total GDP of Guangdong was 34.95 billion yuan more than that of Shandong in the same period last year, narrowing to 21.195 billion yuan more

in terms of industry, the added value of Guangdong's tertiary industry in the first half of the year was 240.751 billion yuan, continuing to rank first in China, and the growth rate ranked second among the four provinces and one city. Guangdong's total industrial production still ranks first in the country. In the first half of the year, the added value of industries above Designated Size in the province was 243.92 billion yuan, accounting for 13.3% of the country. Jiangsu, Shandong, Zhejiang and Shanghai accounted for 11.9%, 11.7%, 7.6% and 6.8% of the country respectively, ranking second to fifth in the country; Guangdong's industrial added value increased by 19.5% year-on-year, lower than 24.3% in Shanghai, 21.8% in Zhejiang, 21.5% in Jiangsu and 21.5% in Shandong, the lowest among the four provinces and one city

(II) demand: the advantages are weakened and the situation is pressing

1. in terms of investment, the total investment in Guangdong in the first half of the year was lower than that in Jiangsu. Guangdong's total social fixed asset investment (excluding urban and rural collective private investment and inter provincial projects, the same below) once again gave up the top position, lagging behind Jiangsu by 7.6 billion yuan. In the first half of the year, Guangdong completed a total investment in fixed assets of 139.334 billion yuan, a year-on-year increase of 24.5%. Investment growth was 8.3 percentage points lower than the national average. Jiangsu, Shandong, Zhejiang and Shanghai completed total fixed asset investment of 143.986 billion yuan, 132.089 billion yuan, 111.962 billion yuan and 101.655 billion yuan respectively, with year-on-year growth of 62.1%, 72.1%, 40% and 20.2%. The investment intensity of Guangdong is listed below

in the first half of the year, the actual amount of foreign direct investment in Guangdong has also been surpassed by Jiangsu's US $7.415 billion, ranking second in the country. The contractual utilization of foreign capital in the province reached US $9.94 billion, a year-on-year increase of 28.2%; The actually utilized foreign capital was US $8.076 billion, an increase of 28.75%. The actual foreign direct investment reached US $6.781 billion, an increase of 33.5%, lower than 70.5% in Jiangsu, 64% in Shandong, 63.3% in Zhejiang and 44.5% in Shanghai

2. in terms of export, Guangdong still has advantages in total export volume. In the first half of the year, Guangdong's foreign trade exports reached US $65.87 billion, accounting for 34.6% of the country's total. Jiangsu, Shandong, Zhejiang and Shanghai accounted for 6.5%, 3.1%, 4.8% and 5.8% of the country's total respectively. However, the growth rate of Guangdong's export is 26.2%, 7.8% lower than the national average level, 48.2% lower than that of Jiangsu, 29.5% lower than that of Shandong and 42% lower than that of Zhejiang, which will also increase the contraction rate and 50.5% higher than that of Shanghai, resulting in a decrease of 1.8% in the share of Guangdong's export in the country over the same period last year

3. consumption in the first half of the year, Guangdong achieved a total retail sales of consumer goods of 262.628 billion yuan, an increase of 10.4% year on year. Jiangsu, Shandong, Zhejiang and Shanghai respectively realized a total retail sales of social consumer goods of 171.218 billion yuan, connecting the damaged areas to 170.29 billion yuan, 150.185 billion yuan and 108.304 billion yuan, with a year-on-year increase of 12.7%, 13.3%, 8.6% and 8.8%. Under the influence of SARS, Guangdong's total consumption has remained at the forefront, and its growth rate remains at the middle reaches of four provinces and one city, which is not easy

(III) finance and people's life: it has advantages, but should not be too optimistic

the total amount of Finance and finance is still significantly ahead of the provinces. In the first half of the year, the local general budget revenue of Guangdong was 62.742 billion yuan, about 70% higher than that of three provinces and one city respectively, but it was about twice as high as that of the same period in 2002. By the end of June, the deposit balance of financial institutions in Guangdong was 2534.876 billion yuan, 61.5%-113% higher than that in Jiangsu, Shandong, Zhejiang and Shanghai

in the first half of the year, the income of urban residents in Guangdong increased steadily, with per capita disposable income of 6498.7 yuan, an increase of 10.2% year-on-year. The absolute amount is lower than 6945.3 yuan in Zhejiang and 7409 yuan in Shanghai, higher than 4762 yuan in Jiangsu and 4236.5 yuan in Shandong; The growth rate was higher than 10.1% in Shandong, 8.0% in Shanghai and the national average of 9.0%, lower than 10.8% in Jiangsu and 11.4% in Zhejiang

in the first half of the year, the per capita cash income of rural residents in Guangdong was 1957.6 yuan, an increase of 6.4%. The absolute amount is lower than 3310 yuan in Zhejiang and 2120 yuan in Jiangsu, with a growth rate of 13.0% lower than that in Zhejiang, ranking second in four provinces and one city, and higher than the national average of 3.2%

on the whole, the economic development momentum of Guangdong in the first half of the year was significantly different from that of Jiangsu. How can Guangdong further resolve the impact of SARS and accelerate economic development? The situation is pressing! Of course, the severe challenges Guangdong is facing now have a profound historical background and the background of the times. Since 1995, Guangdong's per capita GDP has been surpassed by Zhejiang. Since 1996, the economic growth rate has been generally surpassed by Jiangsu, Zhejiang and Shandong; In, the average annual economic growth rate even lagged behind Shanghai by 0.7 percentage points. In the first half of two consecutive years since 2001, the total investment in fixed assets of the whole society has been surpassed by Jiangsu. In 2002, the contract amount of foreign direct investment was also surpassed by Jiangsu. In the first quarter of this year, the economic growth of the Pearl River Delta was 14.3%, which was lower than that of the Yangtze River Delta

looking forward to the whole year, although the negative impact of the SARS epidemic can not be underestimated, and there are some problems and severe challenges that need to be seriously solved in the development, there are still many favorable conditions and opportunities for Guangdong's economic development. We are full of confidence in the successful completion of the new historical mission of "giving better play to the leading role and continuing to walk in the forefront of the country". According to the input-output model and relevant analysis and calculation, Guangdong's economy grew by about 0.8 percentage points in the first half of this year due to the sudden impact of SARS. From the current situation, it is estimated that the annual economic growth is likely to show a U-shaped trend, that is, the growth rate is high in the first quarter, fell in the second quarter, stabilized in the third quarter, and accelerated in the fourth quarter. It is estimated that the annual GDP will increase by more than 12%, significantly exceeding the expected growth target of the original plan

--- China Statistics

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