Why is the GDP growth rate of 21 cities in Guangdong the highest in 2021?

2022-02-07

Up to now, all the economic data of 21 cities above prefecture level in Guangdong have been released. Among them, Shanwei's GDP grew by 12.7% year-on-year, ranking first among 21 prefecture level cities. In 2021, the regional GDP of Guangdong Province was 12.4 trillion yuan, an increase of 8% year-on-year. In 2021, there were three cities with a year-on-year GDP growth rate of more than 10% in Guangdong, namely Huizhou (10.1%), Zhaoqing (10.5%) and Shanwei (12.7%). The year-on-year growth rate of Shanwei's regional GDP ranks first. According to the results of unified accounting of the regional GDP of Guangdong Province, the regional GDP of Shanwei in 2021 was 128.804 billion yuan, a year-on-year increase of 12.7% and an average increase of 8.6% in two years. Among them, the added value of the primary industry was 17.508 billion yuan, with a year-on-year increase of 11.4% and an average increase of 7.7% in the two years; The added value of the secondary industry was 49.896 billion yuan, a year-on-year increase of 16.8% and an average increase of 10.5% in the two years; The added value of the tertiary industry was 61.4 billion yuan, a year-on-year increase of 10.0% and an average increase of 7.4% in the two years. Investment, consumption and export are known as the "troika" driving economic growth, from which we can see the "password" of the first year-on-year growth of Shanwei's GDP. From the perspective of investment, in 2021, the fixed asset investment in Shanwei increased by 16.9% year-on-year, with an average increase of 15.4% in two years, maintaining a rapid growth. By industry, the investment in the primary industry increased by 39.4%, the investment in the secondary industry increased by 27.7%, and the investment in the tertiary industry increased by 9.9%. Investment in industry and infrastructure increased well, with industrial investment increasing by 27.4%, 10.5 percentage points faster than the total investment; Infrastructure investment increased by 37.4%, 20.5 percentage points faster than the total investment. On January 11 this year, when delivering the government work report at the first session of the Eighth National People's Congress of Shanwei City, Fufeng, mayor of Shanwei City, said that the achievements of "double recruitment and double introduction" of Shanwei City in 2021 were fruitful, among which, "Actively expand effective investment, 368 municipal key construction projects have invested 64.96 billion yuan, and 97 projects have been completed and put into operation. Actively mobilize resources from all parties and introduce 195 industrial projects with a total investment of 87.4 billion yuan.". From the perspective of consumption, the market sales scale of Shanwei is expanding. In 2021, the total retail sales of social consumer goods in Shanwei reached 44.730 billion yuan, a year-on-year increase of 9.6% and an average increase of 3.9% in the two years. By consumption type, the catering revenue was 6.062 billion yuan, an increase of 27.3%; Retail sales of goods reached 41.668 billion yuan, an increase of 7.4%. The growth of basic living consumption was good. The retail sales of clothing, shoes, hats, knitwear and textiles, daily necessities, beverages, grain, oil and food of units above the quota increased by 55.1%, 20.1%, 18.9% and 13.4% respectively. From the perspective of export, Shanwei's import and export and utilization of foreign capital also maintained rapid growth in 2021. In 2021, the total import and export volume of the city was 20.32 billion yuan, with a year-on-year increase of 19.8% and an average increase of 10.4% in the two years. Among them, the export was 11.22 billion yuan, an increase of 26.2%, with an average increase of 13.2% in the two years; Imports reached 9.100 billion yuan, an increase of 12.8%, with an average increase of 7.2% in the two years. The actual utilized foreign direct investment was 316 million yuan, an increase of 91.5%. At the first session of the eighth Shanwei Municipal People's Congress held in January this year, Yun Feng said that the main expected goals of Shanwei in 2022 are: the growth of regional GDP is about 8.5%; The added value of industries above designated size increased by 16%; Total investment in fixed assets increased by 15%; General public budget revenue increased by 10%; The total retail sales of social consumer goods increased by 12%; The total import and export volume increased by 8%; The rise of consumer prices should be controlled within 3%; The registered unemployment rate in cities and towns shall be controlled within 3%. Compared with the main expected targets of Guangdong Province in 2022 - the growth of regional GDP by about 5.5%, the growth of fixed asset investment by 8%, the growth of total retail sales of social consumer goods by 6.5%, the growth of total import and export by 3% and the growth of added value of industries above Designated Size by 5.5%, Shanwei City has set higher targets for itself than that of the whole province, which can be expected in the future. (Xinhua News Agency)

Edit:Li Ling    Responsible editor:Chen Jie

Source:YCWB

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