The regional quarterly report was unveiled and the central leadership was sent to the economic province for investigation.
The major foreign trade provinces are hit harder, and investment is an important factor in determining the economic growth rate.
In the past 10 days, the central leaders Hu Jintao, Wen Jiabao and Xi Jinping have successively conducted research in Shandong, Guangdong and Jiangsu provinces, which rank the top three in the national economy. The economic operation of these provinces this year may be a big deal for the "guarantee 8".
As of yesterday, most provinces in China have released economic data for the first quarter of this year. It can be seen that under the impact of the international financial crisis, the GDP growth rate of foreign trade provinces is much lower than the national average, and investment has become an important factor determining the extent of economic growth.
Foreign trade province suffers
As the largest province for China's GDP and foreign trade import and export, Guangdong's foreign trade import and export value in the first quarter of 2009 was 115.48 billion US dollars, down by 23.1% over the same period of last year.
Not only Guangdong, but almost all major foreign trade provinces have felt the chill of the financial crisis.
Last year, among the four major foreign trade provinces of Guangdong, Shanghai, Jiangsu and Zhejiang, except for Jiangsu, which continued to maintain a relatively high growth rate, the GDP growth rates of Guangdong, Zhejiang and Shanghai were 5.8%, 3.4% and 3.1%, respectively. National average.
At the same time, the data for the first quarter of this year in the central and western provinces is "new and refreshing."
According to the statistics of Inner Mongolia Autonomous Region, the total GDP of the whole district increased by 15.8% in the first quarter; Anhui Province increased by 11.6%; the first quarter of Hubei Province achieved a year-on-year increase of 10.2%. In the remaining central and western provinces, the economic growth rate is mostly above 8%.
Even in Sichuan and Chongqing, which were in the earthquake-stricken areas, the GDP in the first quarter of this year achieved a growth rate of 10.8% and 9% respectively.
Investment impact growth rate
Looking at the provinces that performed “excellent†in the first quarter, investment growth has become an important supporting factor.
In the first quarter of this year, Tianjin's GDP increased by 16% year-on-year. This number can be listed as the first of the provinces in the country.
Statistics show that in the first quarter, Tianjin's fixed asset investment increased by more than 42% year-on-year. Among them, Tianjin Binhai New Area completed infrastructure investment in the first quarter of this year, an increase of 2.45 times.
As a leading economic province in Jiangsu Province, fixed asset investment in the first quarter increased by 23.6% year-on-year.
"In the first quarter, Jiangsu's economy has such a relatively high growth rate, mainly driven by domestic demand for investment and consumption," said Liu Xingyuan, director of the General Statistics Department of the Jiangsu Provincial Bureau of Statistics.
Sichuan achieved 10.8% growth in the first quarter, and to a large extent also from investment growth.
Sichuan Provincial Statistics Bureau's information, under the strong recovery of post-disaster reconstruction and expansion of domestic demand investment projects, Sichuan Province's investment growth has accelerated significantly. Among them, the investment in the hardest hit areas has doubled. In Chengdu, six major disaster-stricken areas completed an investment of 119.84 billion yuan, an increase of 97.4%, 19.2 percentage points higher than the Sichuan provincial average, driving the province's investment growth of 48.8 percentage points, contributing 62.4% to the province's investment growth.
At the same time, as a relatively full-fledged market economy, Zhejiang Province feels the profound impact of insufficient investment on economic development.
Zhejiang local media analysis said that from the perspective of economic structure, private enterprises in Zhejiang Province are more important. They are sensitive to the market. In the case of declining market demand and deteriorating business environment, they often take the initiative to shrink production and compress inventory, resulting in a sharp drop in production.
At the same time, Zhejiang's investment-pull effect is also different from other provinces. The proportion of processing industries such as small and medium-sized enterprises and textiles in Zhejiang Province is relatively large. Thanks to the relatively small degree of investment in infrastructure expansion by the central government since last year, it is relatively large due to the real estate downturn.
Leaders go to the economic province for research
In the five provinces ranked in the top five of the total economic output, the total economic output reached more than 13.6 trillion yuan last year, accounting for more than 40% of the country's total domestic value of 300.67 billion yuan last year. The economic performance of these five provinces this year is very important for Baobao 8.
In the past 10 days, the central leadership has gone to the provinces of Guangdong, Jiangsu, and Shandong to inspect the provinces of the “No. 1â€, “Top 2†and “Exploring Flowersâ€.
During the inspection tour in Shandong, Hu Jintao pointed out that in the face of the crisis, whoever can win the past will win more development. The state adopts a series of policy measures to give enterprises confidence, and enterprises must also give employees confidence.
The CBN reporter learned that although the economic situation in Shandong Province has clearly recovered, the internal pressure is quite large. Recently, the Shandong Provincial Economic and Trade Commission will once again convene the provincial economic operation work conference to remobilize and deploy the province's economic work.
Wen Jiabao came to Guangdong Province for the third time in nine months after last July. He emphasized that the Guangdong economy has a pivotal position in the country. It is necessary to combine deepening reform and opening up with strengthening scientific and technological innovation, and strive to be at the forefront of the country in expanding domestic demand and maintaining stable and rapid economic development.
In a survey conducted in Jiangsu, Xi Jinping pointed out that the GDP of Jiangsu Province increased by 10.2% in the first quarter of this year. In the case of a deep recession in the global economy, it is commendable to achieve such results. It is hoped that Jiangsu Province will adhere to the principle of keeping the growth of the economy in line with the protection of the people's livelihood and stability, and continue to maintain a stable and rapid economic development.
The major foreign trade provinces are hit harder, and investment is an important factor in determining the economic growth rate.
In the past 10 days, the central leaders Hu Jintao, Wen Jiabao and Xi Jinping have successively conducted research in Shandong, Guangdong and Jiangsu provinces, which rank the top three in the national economy. The economic operation of these provinces this year may be a big deal for the "guarantee 8".
As of yesterday, most provinces in China have released economic data for the first quarter of this year. It can be seen that under the impact of the international financial crisis, the GDP growth rate of foreign trade provinces is much lower than the national average, and investment has become an important factor determining the extent of economic growth.
Foreign trade province suffers
As the largest province for China's GDP and foreign trade import and export, Guangdong's foreign trade import and export value in the first quarter of 2009 was 115.48 billion US dollars, down by 23.1% over the same period of last year.
Not only Guangdong, but almost all major foreign trade provinces have felt the chill of the financial crisis.
Last year, among the four major foreign trade provinces of Guangdong, Shanghai, Jiangsu and Zhejiang, except for Jiangsu, which continued to maintain a relatively high growth rate, the GDP growth rates of Guangdong, Zhejiang and Shanghai were 5.8%, 3.4% and 3.1%, respectively. National average.
At the same time, the data for the first quarter of this year in the central and western provinces is "new and refreshing."
According to the statistics of Inner Mongolia Autonomous Region, the total GDP of the whole district increased by 15.8% in the first quarter; Anhui Province increased by 11.6%; the first quarter of Hubei Province achieved a year-on-year increase of 10.2%. In the remaining central and western provinces, the economic growth rate is mostly above 8%.
Even in Sichuan and Chongqing, which were in the earthquake-stricken areas, the GDP in the first quarter of this year achieved a growth rate of 10.8% and 9% respectively.
Investment impact growth rate
Looking at the provinces that performed “excellent†in the first quarter, investment growth has become an important supporting factor.
In the first quarter of this year, Tianjin's GDP increased by 16% year-on-year. This number can be listed as the first of the provinces in the country.
Statistics show that in the first quarter, Tianjin's fixed asset investment increased by more than 42% year-on-year. Among them, Tianjin Binhai New Area completed infrastructure investment in the first quarter of this year, an increase of 2.45 times.
As a leading economic province in Jiangsu Province, fixed asset investment in the first quarter increased by 23.6% year-on-year.
"In the first quarter, Jiangsu's economy has such a relatively high growth rate, mainly driven by domestic demand for investment and consumption," said Liu Xingyuan, director of the General Statistics Department of the Jiangsu Provincial Bureau of Statistics.
Sichuan achieved 10.8% growth in the first quarter, and to a large extent also from investment growth.
Sichuan Provincial Statistics Bureau's information, under the strong recovery of post-disaster reconstruction and expansion of domestic demand investment projects, Sichuan Province's investment growth has accelerated significantly. Among them, the investment in the hardest hit areas has doubled. In Chengdu, six major disaster-stricken areas completed an investment of 119.84 billion yuan, an increase of 97.4%, 19.2 percentage points higher than the Sichuan provincial average, driving the province's investment growth of 48.8 percentage points, contributing 62.4% to the province's investment growth.
At the same time, as a relatively full-fledged market economy, Zhejiang Province feels the profound impact of insufficient investment on economic development.
Zhejiang local media analysis said that from the perspective of economic structure, private enterprises in Zhejiang Province are more important. They are sensitive to the market. In the case of declining market demand and deteriorating business environment, they often take the initiative to shrink production and compress inventory, resulting in a sharp drop in production.
At the same time, Zhejiang's investment-pull effect is also different from other provinces. The proportion of processing industries such as small and medium-sized enterprises and textiles in Zhejiang Province is relatively large. Thanks to the relatively small degree of investment in infrastructure expansion by the central government since last year, it is relatively large due to the real estate downturn.
Leaders go to the economic province for research
In the five provinces ranked in the top five of the total economic output, the total economic output reached more than 13.6 trillion yuan last year, accounting for more than 40% of the country's total domestic value of 300.67 billion yuan last year. The economic performance of these five provinces this year is very important for Baobao 8.
In the past 10 days, the central leadership has gone to the provinces of Guangdong, Jiangsu, and Shandong to inspect the provinces of the “No. 1â€, “Top 2†and “Exploring Flowersâ€.
During the inspection tour in Shandong, Hu Jintao pointed out that in the face of the crisis, whoever can win the past will win more development. The state adopts a series of policy measures to give enterprises confidence, and enterprises must also give employees confidence.
The CBN reporter learned that although the economic situation in Shandong Province has clearly recovered, the internal pressure is quite large. Recently, the Shandong Provincial Economic and Trade Commission will once again convene the provincial economic operation work conference to remobilize and deploy the province's economic work.
Wen Jiabao came to Guangdong Province for the third time in nine months after last July. He emphasized that the Guangdong economy has a pivotal position in the country. It is necessary to combine deepening reform and opening up with strengthening scientific and technological innovation, and strive to be at the forefront of the country in expanding domestic demand and maintaining stable and rapid economic development.
In a survey conducted in Jiangsu, Xi Jinping pointed out that the GDP of Jiangsu Province increased by 10.2% in the first quarter of this year. In the case of a deep recession in the global economy, it is commendable to achieve such results. It is hoped that Jiangsu Province will adhere to the principle of keeping the growth of the economy in line with the protection of the people's livelihood and stability, and continue to maintain a stable and rapid economic development.
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