In 2023, the regional economy demonstrated strong resilience and vitality

Mondo Finance Updated on 2024-02-02

Say goodbye.

Reporter Tong Tong.

In January this year, many places across the country entered the "two sessions", and at the same time, all provinces, autonomous regions and municipalities intensively released the 2023 economic "report card". It provides a decision-making reference for the local two sessions to review the economic development achievements of the past year, summarize experience, and plan the economic goals for the new year with a long-term view. So far, 31 provinces, autonomous regions and municipalities have released their 2023 economic annual reports, adding a real footnote to the regional economic development picture of "strong resilience and vitality".

From the perspective of the scale of the total economy, the traditional economic provinces are still concentrated in the eastern region, Guangdong, Jiangsu, and Shandong still live up to the reputation of "Guangdong Boss", "Su Daqiang" and "Lu Dazhuang", and sit firmly in the "top three" of the national economic aggregate, and the three provinces have become a strong "engine" driving the national economic rebound by accounting for almost one-third of the national economic output; At the same time, the central and western provinces have also taken the initiative to revise past economic data because of the transformation and upgrading of the industrial structure, on the one hand, showing good high growth strength, on the other hand, it has also made a new interpretation of regional coordinated development.

Compete with each other to seize the opportunity of advanced future industries.

Sorting out the scale and growth rate of the total economic output of provinces, autonomous regions and municipalities in 2023, it can be seen that the growth of the "first echelon" is generally stable, and some positive factors are emerging.

Guangdong Province's economic scale in 2023 has achieved 13The breakthrough of 5 trillion yuan also won the honor of "the first province in the country to exceed 13 trillion yuan", and created a miracle of "ranking first in the country for 35 consecutive years".

For the economic growth of Guangdong Province to show the performance in line with market expectations, Guangdong Provincial Governor Wang Weizhong said in the second meeting of the 14th Guangdong Provincial People's Congress on January 23 in a work report that Guangdong manufacturing and Guangdong innovation continue to lead the national development, and the province's industrial enterprises above designated size exceed 710,000 and more than 7 high-tech enterprises50,000, ranking first in the country. The comprehensive capacity of regional innovation has ranked first in the country for 7 consecutive years.

Obviously, Guangdong's benchmarking effect is continuing to be highlighted. This provides an industrial model for the eastern economic provinces that follow closely. Looking at the "Su Daqiang" Jiangsu, with an economic scale of 12 in 202382 trillion yuan is also approaching the "13 trillion yuan GDP" mark, with a rapid momentum.

Comparing the economic development of Guangdong and Jiangsu provinces, the incremental momentum of important industrial layouts, especially listed companies, has to be mentioned. In 2023, there will be an increase of 51 new IPO companies in the Guangdong A** market, bringing the total number of listed companies to 872; The number of new IPO companies in Jiangsu A** increased by 58, bringing the total number of listed companies to 689.

Then focus on the two major provinces of Shandong and Zhejiang, which rank third and fourth in terms of economic aggregate. In 2023, the GDP scale of the two provinces will reach 92 trillion yuan and 82 trillion yuan, there is a trillion yuan gap between the two provinces, but the real growth rate has reached the same 6%, which also shows strong growth momentum.

Let's talk about Shandong first, as a traditional economic province, the GDP growth rate reached 6% year-on-year, which not only shows the growth potential beyond expectations, but also shows the determination and courage of the strong men of the traditional provinces. Just a few years ago, when Shandong shut down its backward production capacity and cut off the total GDP of trillions, the confusion that the outside world once held on it will finally really recede in 2023.

Shandong's new and old kinetic energy conversion has begun to show results. In 2023, Shandong's automobile output will reach 1.97 million units, surpassing Hubei, a traditional automobile powerhouse, to rank fifth in the country. In emerging industries, Shandong has made breakthroughs, including integrated circuits, information technology, power batteries, artificial intelligence, heavy industry equipment, railway equipment, and advanced chemicals, and its industrial strength has made further progress.

Looking at Zhejiang again, in 2023, Zhejiang will have a total of 701 A-share listed companies by virtue of the performance of 47 new IPO companies in the A** field, breaking through the "700" mark, surpassing Jiangsu, and forming the "first echelon" of A** listed companies together with Guangdong and Jiangsu.

It has become the common choice of major economic provinces in the past year to lay out new quality productive forces, actively promote the development of future industries and emerging industries, and strengthen the upgrading and transformation of industrial structure. Huang Zhengxue, a researcher at the Institute of Land Development and Regional Economy of the China Macroeconomic Research Institute, said in an interview with a reporter from the China Economic Times that promoting manufacturing upgrading and scientific and technological innovation has also become an important starting point for the eastern provinces and some central and western provinces to actively promote high-quality development. For example, Shanghai is actively tapping new quality productivity, and the total output value of industrial strategic emerging industries will account for 43 percent of the total industrial output value above the designated size in 20239%;In 2023, investment in high-tech industries in Beijing and Tianjin will increase by 16 year-on-year respectively2% and 59%……

In Huang Zhengxue's view, a series of industries such as future industries and advanced manufacturing are competing, and some provinces, autonomous regions and municipalities are showing the ambition of "competing for the deer", "seizing the opportunity for industrial development, especially advanced industries and future industrial opportunities, which has a decisive role in generating new momentum for the future regional economic pattern." ”

Catch up with and overtake the carry and compete for the new development engine of the central and western regions.

Compared with the normalized attention of all walks of life to the first echelon of the local economic aggregate, the "crown" of the largest province in the central and western regions in 2023 is obviously more eye-catching. Henan Province, one of the traditional six major economic provinces, has just been promoted to fifth place in the country in terms of economic aggregate in 2022, and will be overtaken by Sichuan Province in 2023 and dropped to sixth place.

The economic scale of Henan Province has achieved a breakthrough of 6 trillion yuan in 2022. In 2023, the total economic output of Henan Province will reach 59,1323.9 billion yuan, a "negative increase"; In contrast, Sichuan Province's GDP in 2023 will stand at 6 trillion yuan for the first time, achieving 60,132900 million yuan, "take Yu instead" ranked fifth in the country.

The main indicators are higher than the national average. It is a pertinent evaluation of Sichuan's performance last year by a spokesperson of the Sichuan Provincial Bureau of Statistics. On the one hand, Sichuan has cultivated and formed six trillion-level industries, and vigorously implemented the action of improving the quality and multiplying the six advantageous industries of electronic information, equipment manufacturing, advanced materials, energy and chemical industry, food and light textiles, and medicine and health, and played the role of "fixing the star" and "picking the beam"; On the other hand, the national grand strategy has played an important role in promoting regional economic development, from becoming the earliest beneficiary province of the western development to having the advantages of multiple strategic superpositions such as the "Belt and Road", the Yangtze River Economic Belt, the Chengdu-Chongqing Economic Circle, the new western land-sea corridor, and the national comprehensive three-dimensional transportation system.

In 2023, the added value of Henan's new-generation information technology industry will increase by 165%。The added value of strategic emerging industries and high-tech manufacturing industries increased year-on-year respectively7%。It can be said that Henan, a traditional manufacturing and industrial province, is making efforts to create new tracks and forging new advantages, aiming to continuously accumulate new momentum for development for "tomorrow" and "the day after tomorrow".

The central and western provinces have a vast territory, and as the strategic hinterland of China's industrial economy, they have great resilience and spatial advantages. Peng Gang, director of the Center for Economic Research of Developing Countries at Renmin University of Chinese, said in an interview with a reporter from the China Economic Times that now, with Sichuan and Henan successively rushing to the top of the economy, while deepening the layout of emerging industries, and profoundly implementing a series of national strategies, it will help the central and western regions form a new growth engine, "which has been intuitively reflected in the data of the generally high economic growth rate of the central and western provinces." ”

Driven by the engine effect, the central and western provinces occupied seven of the top 10 places in the economic growth ranking last year, and the catch-up and carry effect can be seen. In addition to Hainan, with its policy advantages such as tourism resources and offshore island tax exemption, it is 9The year-on-year growth rate of 2% ranked second, and Jilin ranked second with 6The growth rate of 3% ranked seventh, and Shandong ranked 60% ranked outside the ninth, **Inner Mongolia, Xinjiang, Ningxia, Gansu, Chongqing, and Sichuan were respectively0% growth performance, ranking in the top 10 list of GDP growth.

Peng Gang believes that the high growth rate will inevitably bring about the growth of the total scale, and it is also an inevitable move for the provinces to catch up with the large economic provinces. For example, with a year-on-year GDP growth rate higher than the national level, the GDP of Liaoning, Chongqing, and Yunnan will all achieve a breakthrough of 3 trillion yuan in 2023; Hunan Province has achieved a breakthrough of 5 trillion yuan.

Green Growth: Tapping into local resources and stimulating vitality.

Traditional energy provinces and provinces with heavy industries still deserve in-depth attention. In 2023, the economic performance of regions with high dependence on resources and energy industries will be somewhat unsatisfactory.

Shanxi, Jiangxi, Shaanxi, Yunnan, Hebei and Ningxia are all growing at a rate lower than the national average. In terms of economic increment, compared with 2022, Shanxi, Jiangxi, Qinghai, and Ningxia will rank last four in the national economic growth rate in 2023 with an increase of 5.5 billion yuan, 12.5 billion yuan, 18.9 billion yuan, and 24.5 billion yuan respectively.

Resource provinces are obviously affected by economic cyclicality, and are also very sensitive to mineral and energy fluctuations. Wang Hao, a professor at the China Economic Research Center of the National School of Development of Peking University, told the China Economic Times that for these provinces, it is necessary to accelerate the green and low-carbon development of the energy industry as soon as possible, actively follow up the layout of strategic emerging industries, tap the advantages of natural resources and cultural resources, and find new economic growth momentum.

For example, Heilongjiang has set off an "ice and snow tourism boom" from the end of last year to the beginning of this year. "It is possible to replicate the performance of such a phenomenal cultural tourism market in some traditional provinces. Wang Hao believes that Shanxi, Henan, Shaanxi, Hebei and other provinces are not only large natural resource provinces, but also have deep historical and cultural resources to be developed, "the extension of the cultural and tourism industry chain can bring economic value, employment, consumption, investment, and can bring green growth to the local area." ”

All in all, in 2023, while actively facing the complex and severe international environment and the arduous and arduous tasks of domestic reform, development and stability, all provinces, autonomous regions and municipalities across the country will strive to expand domestic demand, optimize the structure, boost confidence, prevent and resolve risks, and jointly contribute to the successful realization of a series of expected goals such as the recovery of China's economy, the steady improvement of supply and demand, and the active promotion of transformation and upgrading.

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