With the convening of the two sessions at the local and municipal levels, the economic growth targets of various cities this year have been announced one after another. Among them, the expected targets of 26 cities with a GDP trillion this year have all been released. The task of "major economic provinces should really take the lead" is broken down into these economic cities, and the cities with a GDP of one trillion yuan, which account for nearly forty percent of the country's economy, have become the real pillars.
The GDP trillion city growth target was announced.
The first economic work conference held at the end of last year proposed that "major economic provinces should really take the lead and make greater contributions to stabilizing the national economy". The major economic provinces have expressed their stance of "jumping up and touching the height", and at the same time, they have also decomposed the target tasks into the economic city and asked the economic city to take the lead.
The Economic Work Conference of the Sichuan Provincial Party Committee proposed that Chengdu should better play the role of "ballast stone" and "main engine", the construction of provincial economic sub-center cities should accelerate high-quality development, cities (prefectures) with large economies should make more contributions, and regions with relatively lagging growth rates should catch up, and make every effort to achieve a good start and steady progress throughout the year.
As the "ballast stone" and "main engine" of Sichuan's economy, Chengdu set this year's GDP growth target at about 6% during the two sessions in early February, which is comparable to Sichuan's target for this year. Based on the data of 2023, Chengdu's total economic output accounts for 36 percent of Sichuan Province71%, therefore, Chengdu's growth is critical to the achievement of Sichuan's goals.
Not only Chengdu, because the central and western provincial capitals tend to have a relatively high degree of primacy, accounting for a relatively large proportion of the province's total economy, therefore, these economic cities have a great impact on the province's economic performance.
Wuhan's GDP is expected to grow by 6% this year. The Wuhan Municipal Work Report proposes that setting this goal has implemented the spirit of the Provincial Party Committee and the Provincial Party Committee, and adhered to the important requirements of seeking progress while maintaining stability, promoting stability with progress, and establishing first and then breaking down, which reflects the responsibility of the economic city to take the lead and is conducive to guiding all parties to focus on high-quality development.
As the country's largest economic province, Guangdong also named the economic cities in the first work report, requiring Guangzhou, Shenzhen, Foshan, Dongguan and other economic cities to really provoke the beams, and other cities to catch up with and surpass others, work hard, and jointly make due contributions to promoting high-quality development and "rebuilding a new Guangdong".
As the capital of Guangdong Province, Guangzhou's first work report clearly stated that it should take on the responsibility of "a major economic city to truly provoke the pillars" and make greater contributions to the economic growth of the whole province. Guangzhou's GDP growth target for this year is expected to be no less than 5%, and its real growth rate in 2023 is 46%。
In general, the economic cities of all provinces are concentrated in the "trillion GDP city club".
According to Yicai calculation, in 2023, the total economic output of 26 cities with a GDP of trillion yuan will account for 398%, close to 40% of the country's total economic output. Therefore, these cities are the pillars of the province and the whole country, and bear the heavy responsibility of driving regional economic growth.
With the convening of the two sessions at the local and municipal levels, the expected growth targets of 26 cities this year have been announced. Yicai found that in addition to the 4 municipalities directly under the central government, among the remaining 22 cities, Chengdu, Wuhan, Ningbo, Changsha, Zhengzhou, Fuzhou, Hefei, Xi'an, Changzhou and other 9 cities are expected to grow by about 6% or more this year.
Among them, Zhengzhou is the city with the highest growth target among the 26 cities, and the GDP is expected to grow by about 7% this year, while Henan's expected growth target this year is 55%, not only that, Zhengzhou's GDP will grow by 7 in 20234%, which was achieved in 2022 with a low base, shows the pressure on Zhengzhou to set this target.
The work report of Zhengzhou City proposes to determine the expected goal of economic growth of about 7%, which is not only based on the multiple benefits of major national policies, based on the practical needs of guiding market expectations and boosting development confidence, but also based on Zhengzhou's responsibility of "being a good national team, enhancing internationalization, and leading the construction of modern Henan", and it is also an inevitable choice for the full implementation of the provincial party committee's new requirements for Zhengzhou's "five mores".
"Little Dragon" and "Little Tiger" accelerated their rise.
In fact, if the major economic provinces want to really take the lead, these provincial capitals and economic cities alone may not be enough. Therefore, some provinces have also put forward task requirements for some "little dragon" and "little tiger" cities in the province, especially some provincial sub-central cities are accelerating their role as emerging economic growth poles in the province.
For example, Sichuan Province has established three provincial economic sub-centers, and has made it clear that its economic growth rate will be more than one percentage point higher than that of the province in the next few years. Among them, the work report of Yibin City proposed that the growth rate of the city's GDP this year was about 1 percentage point higher than that of the province, and strive to be 2 percentage points higher than that of the province; Mianyang City expects its GDP to grow by about 7 percent this year.
The work report of Mianyang City put forward that the determination of this goal is the due meaning of fulfilling the mission. As the only science and technology city in China, the second largest economy in Sichuan, and the third city in Sichuan and Chongqing, Mianyang must bravely shoulder heavy burdens, press ahead, and show Mianyang's due responsibility based on the overall situation of the whole province.
Compared with the large economic cities, the economic volume has reached a large scale, and the economic growth rate is facing greater pressure, and the "little dragons" and "small tigers" in these regions are showing a momentum of rapid growth.
For example, Luoyang, the second largest city in Henan, is expected to grow by 6% this year; Yichang and Xiangyang in Hubei and Yueyang in Hunan are expected to grow by 7% this year; Wuhu in Anhui Province aims to grow by 7 this year5%。Luoyang, Yichang, Xiangyang, Yueyang and Wuhu will have a GDP of more than 500 billion yuan or close to 500 billion yuan in 2023.
Take a look at the four reserve trillion cities Tangshan, Dalian, Xuzhou and Wenzhou, these four cities are not provincial capitals, Tangshan and Dalian are the cities with the largest economy in Hebei Province and Liaoning Province, while Xuzhou is the sixth largest city in Jiangsu in terms of economic aggregate, and Wenzhou is the third largest city in Zhejiang Province.
The GDP of Tangshan, Xuzhou, Dalian and Wenzhou is 9133300 million yuan, 89004.4 billion yuan, 8752900 million yuan, 8730600 million yuan. According to the local work report, Tangshan and Dalian are expected to target about 6% this year, and Xuzhou and Wenzhou are expected to target more than 6% this year. In comparison, Hebei, Liaoning, and Zhejiang all have targets of 5 this yearAbout 5%, Jiangsu's target this year is more than 5%, and the growth rate of these cities is higher than the provincial rate.