From the perspective of growth momentum, provinces (autonomous regions and municipalities) are generally in the stage of accelerating the conversion of new and old kinetic energy. Gao Huiqing, director of the Development Strategy Research Office of the Ministry of Economic Affairs of the National Information Center, said that the Chinese economy has entered the middle and late stages of industrialization, and the comparative advantages in the development of traditional industries have gradually disappeared, and the rise of new kinetic energy has provided strong support for China to cross the “middle income trapâ€.
Regional coordination enhancement
Among the 19 provinces (autonomous regions and municipalities) that have announced the “semi-annual reportâ€, Beijing's GDP growth rate was 6.8%, slightly lower than the national growth rate of 6.9%. The growth rate of Tianjin, Shanghai and Shanxi was the same as that of the whole country. The GDP growth rate of the remaining 15 provinces (autonomous regions and municipalities) was significantly higher than the national level. Guizhou and Chongqing broke through 10%, and Chongqing ranked first with a growth rate of 10.5%.
It is worth mentioning that even the same growth rate is not the same for each province (region, city). In the first half of Shanxi, GDP increased by 6.9% year-on-year, ranking behind in 19 provinces (autonomous regions and municipalities), but this is the first time that Shanxi has entered a reasonable range after 13 quarters since the first quarter of 2014. Zhang Xiaodong, deputy director and spokesperson of the Shanxi Provincial Bureau of Statistics, said that this indicates that Shanxi's economic development has changed from "weak" to "xing".
From the perspective of total GDP, the eastern region still holds a leading position. The gross domestic product of Beijing, Shandong, Shanghai and Fujian in the first half of the year has exceeded one trillion yuan.
From the perspective of GDP growth, the growth rate in the central and western regions is significantly higher than in the eastern regions. Chen Yao, a researcher at the Institute of Industrial Economics of the Chinese Academy of Social Sciences and vice president and secretary general of the China Association for Regional Economics, said: "The central and western regions have intensified their development efforts, especially in the construction of the 'Belt and Road'. Breeding new kinetic energy. The accelerated development of the central and western regions has narrowed the overall gap in China, indicating that regional coordination and sustainability are increasing."
Service industry has become the main driving force
It can be seen from the data of 19 provinces (autonomous regions and municipalities) that the service industry is becoming the main force driving economic development. The added value of service industries in Shandong, Hubei, Sichuan, and Shaanxi accounted for more than 45% of GDP, and Chongqing, Tianjin, Shanxi, Hunan, Hainan, Yunnan, Shanghai, and Beijing accounted for more than half of the total.
Of course, compared with the developed regions of the world, the provinces (autonomous regions and municipalities) still have much room for improvement in the development of the service industry. Chen Yao said that the service sector of large cities in developed countries accounted for more than 80% of GDP. In the first half of this year, only Beijing's service industry accounted for 82.2% of GDP, and the remaining provinces (autonomous regions and municipalities) were all below 80%.
"The increase in the proportion of service industry is an important sign of the advancement of the country's modernization." Chen Yao believes that "in the past, industrial and manufacturing industries have been the mainstays, and high-consumption industries accounted for a large proportion, while the growth of service industries has brought pressure on resources and environment. ease."
New kinetic energy accelerates growth
It can be seen from the data of 19 provinces (autonomous regions and municipalities) that new kinetic energy, represented by high-tech and sharing economy, has begun to become an important force driving economic growth.
For example, Shandong, which has a large GDP in the first half of the year, has an increase in the value-added of high-tech industries of 11.1%, which is 3.4 percentage points higher than that of industrial enterprises above designated size. At the same time, a number of new products emerged. The output of new energy vehicles and urban rail vehicles increased by 3 times and 1.3 times respectively, and the online retail sales of physical goods reached 17.57 billion yuan, an increase of 34.4%.
In the first half of this year, real estate represented by traditional kinetic energy experienced a decline in investment growth in nine provinces (autonomous regions and municipalities) such as Beijing, Tianjin and Shanghai. However, many provinces (autonomous regions and municipalities) have been affected by the destocking policy, and the sales area and sales of commercial housing have shown an increasing trend. Among them, Chongqing grew rapidly. In the first half of the year, the sales area of ​​commercial housing increased by 23.8%, and the sales of commercial housing increased by 48.8%.
"The rise of China's new kinetic energy not only compensates for the negative impact of the lack of old kinetic energy to a certain extent in the short term, but also provides support for China's cross-middle income trap in the long run." Gao Huiqing said.
Gao Huiqing believes that at present, the new kinetic energy of each region has the following characteristics: First, the speed is fast, second, the total amount is small, third is fragmentation, and fourth, there is no sustainable development trend. "In the future, driven by favorable factors such as government system innovation, market mechanism drive and active participation of enterprises, economic kinetic energy will continue to maintain rapid growth, and will gradually be transformed into clusters by fragmentation, and finally form a new trend of steady development." Gao Huiqing said.☆ The leather of shoes is the top quality cowhide, but the price is very affordable.
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