2021-07-31

Economic semi-annual report of 31 provinces: Guangdong and Jiangsu enter the 5 trillion club, Hubei tops the growth rate

By yqqlm yqqlm

China-Singapore Jingwei Client, August 1st (Feng Fang) As of now, the GDP data of 31 provinces in the first half of 2021 have been released. In terms of total volume, Guangdong and Jiangsu have entered the “5 trillion club”; in terms of growth rate, 26 provinces achieved double-digit growth, 10 provinces outperformed the country in growth rate, and Hubei ranked first in growth rate.

Economic semi-annual report of 31 provinces: Guangdong and Jiangsu enter the 5 trillion club, Hubei tops the growth rate

Guangdong, Jiangsu Jin” The 5 trillion club”

In terms of economic aggregates, Guangdong continues to hold the top spot, and the top three positions in Guangdong, Jiangsu, and Shandong remain unchanged.

In terms of categorization, Guangdong and Jiangsu’s GDP in the first half of the year was in the first echelon, and both ranked among the “5 trillion clubs”. Among them, Guangdong was 572.2631 billion yuan and Jiangsu was 55199.63 billion yuan. The “3 trillion club” also has two provinces, namely Shandong and Zhejiang. Among them, Shandong’s GDP in the first half of the year approached 4 trillion yuan, reaching 3,890,635 million yuan, followed by Zhejiang with 3,455.6 billion yuan.

In addition, Henan, Sichuan, Fujian, Hubei, Hunan, Anhui, Shanghai and other seven provinces had a GDP of 2 trillion in the first half of the year. From the perspective of economic aggregate rankings, Hubei followed Hunan in the first quarter. In the first half of the year as a whole, Hubei achieved overtake and ranked eighth in the country.

It is worth mentioning that Beijing’s GDP reached 1922.8 billion yuan in the first half of the year, which is only a thin line from entering the “2 trillion club”.

Economic semi-annual report of 31 provinces: Guangdong and Jiangsu enter the 5 trillion club, Hubei tops the growth rate(1)

New latitude and longitude in the data map Photo by Xiong Siyi

26 provinces have double-digit growth, Hubei’s growth rate is the first

To be specific, Hubei’s GDP growth rate in the first half of the year was the first, as high as 28.5%. In this regard, the Hubei Provincial Statistics Bureau stated that since the beginning of this year, Hubei’s economy has recovered in an all-round, rapid and stable manner, and the quality and efficiency of development have continued to improve, and a qualified “mid-term volume” has been submitted. The economic recovery has accelerated, and the three industries have improved in an all-round way. The added value of the three industries accounted for 6.8%, 41.5%, and 51.7% of GDP, respectively.

In addition, Hebei, Liaoning, Xinjiang, Qinghai, and Tibet ranked at the bottom of the GDP growth rate in the first half of the year, all of which did not reach double digits, being 9.9%, 9.9%, 9.9%, 9.1% and 9.1% respectively. .

Economic semi-annual report of 31 provinces: Guangdong and Jiangsu enter the 5 trillion club, Hubei tops the growth rate(2)

New latitude and longitude in the data map Photo by Xiong Jiali

Tibet’s two-year average growth rate ranks first

On the other hand, in order to more objectively reflect economic growth, each province has announced the two-year average growth rate of GDP in the first half of the year. . According to reports, the two-year average growth rate refers to the growth rate calculated using the geometric average method based on the corresponding period in 2019.

It is worth noting that although Tibet ranks low in GDP growth in the first half of the year, its two-year average growth rate ranks first among all provinces. In the first half of the year, Tibet’s GDP reached 92.605 billion yuan, of which the added value of the primary industry was 4.701 billion, a year-on-year increase of 2.0%; the added value of the secondary industry was 33.694 billion yuan, a year-on-year increase of 4.1%; the added value of the tertiary industry was 54.209 billion yuan, a year-on-year increase 13.0%.

In addition, Hainan’s GDP growth rate in the first half of the year ranked second in the country in two years. It is worth noting that although Hainan’s GDP growth rate in the first half of the year is not as good as that of Hubei, it is also significantly higher than other provinces, reaching 17.5%.

The Hainan Provincial Bureau of Statistics pointed out that in the first half of the year, the province’s economy continued to develop well on the basis of achieving a good start in the first year of the 14th Five-Year Plan. GDP, fixed asset investment, total retail sales of consumer goods, etc. The main economic indicators maintained rapid growth. All cities, counties, and departments across the province have accelerated the construction of a free trade port with Chinese characteristics, the economic operation is steadily improving, the development momentum continues to increase, and the quality and efficiency are steadily improved.

On July 15, the State Information Office held a press conference on the operation of the national economy in the first half of 2021. Liu Aihua, spokesperson for the National Bureau of Statistics and Director of the National Economic Comprehensive Statistics Department, said that from the published data, the economy continued to recover steadily in the first half of this year, and the supply and demand cycle was smooth. The fundamentals laid a good foundation for economic operation in the second half of the year. Judging from the factors affecting the economic trend in the second half of the year, the factors supporting the further recovery and improvement of the economy on the whole are gradually accumulating and increasing. (Zhongxin Jingwei APP)

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