GDP of 31 provinces in the first three quarters: Fujian still surpassed Shanghai into the top 10, with the growth rate of 5 places leaping by 8%
China Singapore Jingwei client, November 16 (Zhang Shunan) - on the 16th, the National Bureau of statistics released the GDP data of 31 provinces in the first three quarters of 2019. The China Singapore Jingwei client noted that at present, the number of members of the club with a GDP of trillion has expanded to 25, with Guangdong leading with a GDP of 7.72 trillion and Shandong breaking through 6 trillion for the first time in the first three quarters; In terms of growth rate, 17 provinces outperformed the whole country, and Yunnan ranked first.
Fujian still surpasses Shanghai and enters the top 10 provinces in terms of total economic output
In terms of total economic output in the previous three quarters, Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Sichuan, Hubei, Hunan, Hebei and Fujian ranked among the top 10. Among them, the eastern region accounts for six seats, namely Hebei, Jiangsu, Zhejiang, Fujian, Shandong and Guangdong; The central region occupies three seats, namely, Henan, Hubei and Hunan; Only Sichuan occupies one seat in the western region.
Guangdong and Jiangsu became the only two members of the '7 trillion GDP club' in the first three quarters of this year, with a total economic volume of 7.72 trillion and 7.22 trillion respectively. In the same period last year, Guangdong's GDP exceeded 7 trillion yuan, reaching 7.06 trillion yuan.
Shandong is a new member of the '6 trillion yuan club'. In the first three quarters of last year, Shandong's GDP was 5.96 trillion yuan. In the first three quarters of this year, Shandong's total economy reached 6.23 trillion yuan, a year-on-year increase of 5.4%. Zhejiang also increased to 4.32 trillion yuan from 3.98 trillion yuan in the first three quarters of last year. In addition, in the first three quarters of this year, members of the '5 trillion GDP club' were vacant.
Introducing the economic operation of Shandong Province, Lu Wanming, deputy director of Shandong Provincial Bureau of statistics and spokesman, said that in recent years, Shandong Province has actively promoted the transformation, upgrading and leapfrog development of the service industry, accelerated the in-depth integrated development of service industry and manufacturing industry, service industry and agriculture. In the first three quarters, the development performance of the service industry was outstanding, and the proportion and contribution of the service industry continued to increase, It has played a role of 'stabilizer' and 'booster' for the economy of Shandong Province to maintain an overall stable and progressive trend.
It should also be mentioned that among the top 10 provinces with GDP in the first three quarters of this year, Fujian still surpassed Shanghai with an advantage of about 20 billion yuan, and the total economic output ranked 10th in China.
The growth rate of 17 provinces outperformed that of the whole country
In the first three quarters of 2019, China's GDP was 69779.8 billion yuan, a year-on-year increase of 6.2% at comparable prices. Compared with the national level, the GDP growth of Yunnan, Guizhou, Tibet, Jiangxi, Fujian, Sichuan, Hubei, Hunan, Anhui, Henan, Hebei, Zhejiang, Shanxi, Ningxia, Guangdong, Jiangsu and Chongqing outperformed the country in the first three quarters.
Yunnan's GDP growth rate of 8.8% in the previous three quarters ranked first. This year's Yunnan government work report mentioned that the growth target of Yunnan's regional GDP in 2019 is about 8.5%. In addition, in the first three quarters, the added value of industries above Designated Size in Yunnan increased by 9.3% year-on-year, 3.7 percentage points higher than that of the whole country (5.6%). Its real estate data also grew rapidly, and Yunnan's real estate investment increased by 29.7% in the first three quarters.
In the first three quarters, GDP growth in the '8 era' also included Guizhou, Tibet, Jiangxi and Fujian; The provinces with relatively low growth rate are Jilin, Heilongjiang and Tianjin. The GDP growth rate in the first three quarters was 1.8%, 4.3% and 4.6% respectively, none of which exceeded 5%.
For the economic operation of Jilin Province in the first three quarters, the Jilin Provincial Bureau of Statistics said on November 5 that the Jilin economy basically operated smoothly in the first three quarters, but the downward pressure continued to increase, and the growth rate of main economic indicators fell. The data show that the added value of industries above Designated Size, investment in fixed assets and import and export volume in Jilin decreased to varying degrees in the first three quarters. Among them, the added value of industries above designated size decreased by 0.6% year-on-year from January to September, 1.1 percentage points lower than the growth rate of 0.5% from January to August; The province's fixed asset investment (excluding farmers) decreased by 14.4% year-on-year in the first September, an increase of 4 percentage points over the previous August.
On July 30, Jilin Province held the first meeting of the exchange of key work of the provincial government in 2019, which pointed out that the work of stabilizing growth has entered the sprint stage of fighting back, Jedi counterattack and decisive battle. We should aim at the decline of indicators, improve speed, quality and efficiency, and set up and tamp the beams and columns for steady growth.
Compared with last year, in the first three quarters of 2019, the GDP growth of Henan, Hunan and Chongqing was the same as that of the same period last year; The GDP growth of Hebei, Tianjin, Inner Mongolia, Shanxi, Liaoning, Xinjiang and Hainan increased compared with the same period last year.
Tianjin's GDP growth in the first three quarters was 4.6%, with a year-on-year growth rate of 1.1 percentage points. Shaanxi's GDP growth rate in the first three quarters was 5.8%, 2.6 percentage points lower than that in the same period last year. This year's Shaanxi government work report mentioned that the target range of Shaanxi's regional GDP growth in 2019 is 7.5% - 8%.
Among the three northeastern provinces, Liaoning is the only province with an increase in year-on-year growth. Its GDP growth in the first three quarters was 5.7%, an increase of 0.3 percentage points year-on-year.
How to view the further slowdown of economic growth in the first three quarters? Mao Shengyong, director of the comprehensive national economic statistics department of the National Bureau of statistics and spokesman, pointed out that since this year, the growth of the world economy and international trade has been slowing down, and there is great downward pressure on the domestic economy. According to the main economic indicators in the previous three quarters, the economic operation was generally stable. From the growth rate itself, although it has slowed down, it is among the best in the world's major economies. Mao Shengyong said that it is preliminarily estimated that among the economies with a total global economy of more than $1 trillion, this speed is the fastest.
For the fourth quarter GDP data, Mao Shengyong said that the world economy will probably continue to slow down in the next stage, but internally, there are many favorable supporting factors, such as the acceleration of manufacturing PMI in September, the narrowing of the decline in automobile production and sales in recent two months, and the relatively low base in the fourth quarter of last year, so it is guaranteed that the economy will maintain a stable trend in the fourth quarter of this year.