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According to data released by the provincial statistical bureaus, in the first quarter, Beijing's gross domestic product (GDP) grew by 7.1% year-on-year, with a growth rate of 0.8 percentage points lower than that of the first quarter of last year; Tianjin's year-on-year growth of 10.6%, down 1.9 percentage points from the same period last year; Zhejiang Growth of 7%, down 1.3 percentage points; Guangdong's growth of 7.2%, down 1.3 percentage points; Hainan's growth of 7.3%, down 3.2 percentage points; Henan's growth of 8.7%, 0.2 percentage points faster than the first quarter of last year; Hubei's growth of 9.2%, compared with last year In the same period, it dropped by 0.5 percentage points; Inner Mongolia grew by 7.3%, down 2.6 percentage points; Ningxia increased by 6.9%, down by 1.7 percentage points; Xinjiang increased by 10.2%, down by 0.1 percentage points; Qinghai increased by 10.1%, unchanged from the same period last year; Sichuan increased by 8.1% , down 2.1 percentage points; Chongqing increased by 10.9%, down 1.6 percentage points; Yunnan increased by 7.7%, down 4.9 percentage points.
Judging from the local conditions, the economic slowdown in the eastern part of Zhejiang and Guangdong provinces is relatively obvious, both of which fell by 1.3 percentage points over the same period of the previous year. For the slowdown in growth, the Guangdong Provincial Bureau of Statistics gave three reasons: First, the export situation was more severe, second, the real estate growth rate fell, and third, the domestic trade pulling power weakened. In the first quarter, Guangdong completed a total import and export of 222.79 billion US dollars, down 23.1% year-on-year, down 60.8 percentage points over the same period last year.
The situation in Zhejiang, where many private enterprises are located, may be more severe. From the perspective of major cities and cities, the provincial capital of Hangzhou increased by 7.5% in the first quarter and Ningbo by only 6%.
Ningbo Municipal Bureau of Statistics spokesperson Tang Bosheng said that in the first quarter of this year, Ningbo real estate development investment growth rate decreased by 16.2 percentage points compared with the same period of last year, and commercial housing sales decreased by 39.1%. “The weakening of the real estate market has a greater impact on the economy in the first quarter.†Mutual insurance risk is another local problem. Affected by the factors of corporate mutual protection chain, the traditional national top 100 counties (cities, districts) Xiaoshan, the current industrial economy is in a downward trend, steel structure, textile chemical fiber and other industries face a low development.
Most of the rest of the eastern region has shown a trend of stabilization. For example, although the growth rate of Shandong has slowed slightly, the raw material industry, light industry and consumer goods industry have gradually recovered, and the growth rate of power generation has begun to rise. Although Liaoning has not yet announced the first quarter GDP, the governor Chen Zhenggao said that the province's economy has basically achieved a good start in the first quarter. The data of Jiangsu and Fujian have not been announced, but from the perspective of some cities, Wuxi's growth has reached 9%, Fuzhou has increased by 10%, Ganzhou has reached 10.9%, and Quanzhou has reached 9.9%, with moderate growth rate.
More importantly, the quality of economic growth has improved, which is more obvious in the eastern provinces. Beijing's GDP in the first quarter increased by 7.1% year-on-year, and the growth rate dropped by 0.8 percentage points year-on-year. However, Xia Yufang, a spokesperson for the Beijing Municipal Bureau of Statistics, saw a steady trend. She told the Economic Information Daily that the registered unemployment rate in Beijing was lower than that of last year. The profits of industrial enterprises above designated size increased by 28.3% compared with the same period of the previous year. The growth of private investment was faster than the growth of fixed assets investment in the whole society. The percentage point shows that the quality and efficiency of economic growth are significantly improved.
The economic situation in the western provinces is not optimistic. In the first quarter of Yunnan, Inner Mongolia, Sichuan, Ningxia, Chongqing and other provinces, the economic growth rate has dropped.
The economic slowdown in the western provinces is considered to be related to the subsequent tight capital investment caused by the excessive investment in the western region. Taking Yunnan as an example, the growth rate of local fixed assets investment (excluding farmers) in the first quarter fell by 11.6 percentage points compared with the same period of last year. The growth rate of investment in the three industries fell by 74.6 percentage points, 28 percentage points and 3.2 percentage points respectively. Chongqing's investment growth rate dropped by 2.8 percentage points. Chen Yizhen, deputy general manager of Chongqing Fanrui Equity Investment Fund Management Co., Ltd. said: "As far as Chongqing is concerned, the current economic development momentum is still good, that is, the real interest rate is too high, both of which are above 10%, so the manufacturing pressure is relatively high. ."
In contrast, the export of the central region has been less affected, and the investment momentum is still relatively sufficient, so the growth is better. In Henan, for example, last year Henan was the slowest growing province in the six central provinces. In the first quarter of this year, GDP reached 8.7%, an increase of 0.3 percentage points over the same period of last year. It is the only province in the province that has not seen any decline in growth rate. . In the first quarter, Henan's fixed asset investment increased by 21.5% year-on-year. Driven by investment, the industrial added value of industrial clusters increased by 16.2%, an increase of 2.2 percentage points year-on-year.
Although the Hubei economy has not accelerated, the growth rate of 9.2% is only 0.5 percentage points lower than that of the same period of last year. For this reason, the ranking has increased by 10, reaching the ninth in the country. Wu Zhongzhi, deputy director of the Hubei Provincial Bureau of Statistics, believes that the local development stamina still supports, and a number of national key projects have settled in Hubei, and fixed asset investment has remained at a high level. Xinjiang in the west also relied on investment to maintain a 10.2% growth, ranking from 11th in the country last year to 4th in the first quarter of this year.
Liu Shijin, deputy director of the Development Research Center of the State Council, said that the economic scale of the eastern coastal areas has occupied a large part of the country. In recent years, the growth rate of several major economic provinces in the coastal areas has already reached a level, and the growth rate in some areas has dropped to around 7%. The process of enterprise restructuring, transformation and upgrading has accelerated, and some inefficient enterprises have been eliminated by the market. The loss of enterprises has declined. Most of the business operations have gradually stabilized, and the quality and efficiency of economic operations have improved. The economic operation in the eastern region is stabilizing in the lower growth rate, which is conducive to stabilizing China's economic situation. On the other hand, it may indicate that the growth of the central and western regions will gradually stabilize after a period of time.
Zhu Baoliang, director of the Economic Forecasting Department of the National Information Center, predicted that the basic growth rate of China's economy in the second quarter may be similar to that of the first quarter, close to 7.4%, and it is still stable and slow, basically within a reasonable range.
14 provinces and cities announced economic data, except for the economic slowdown in all provinces of Qinghai, Henan
Abstract As of press time, 14 provinces (autonomous regions and municipalities) including Beijing and Tianjin have successively released economic data for the first quarter of the region. Except for Henan and Qinghai, the economic growth rate of other provinces has declined. In terms of regions, the economic situation in the central region is the best, although some provinces in the east are in some cases...
As of press time, 14 provinces (autonomous regions and municipalities) including Beijing and Tianjin have successively released economic data for the first quarter of the region. Except for Henan and Qinghai, the economic growth rate of other provinces has declined. In terms of sub-regions, the economic situation in the central region is the best. Although the situation in some provinces in the east has deteriorated, the overall situation is stable. The economic situation in the western region is more severe. Economists predict that China's economic growth in the second quarter will still be within a reasonable range, close to 7.4% in the first quarter.