On January 21st, the second session of the 16th People's Congress of Beijing opened. Beijing Mayor Yin Yong introduced that the city's regional gross domestic product will grow by 5.2% in 2023, about 4.4 trillion yuan. According to statistics from Securities Daily, 12 provinces including Beijing, Tianjin, Hebei, Liaoning, Jilin, Shandong, Hunan, Hainan, Chongqing, Sichuan, Gansu, and Inner Mongolia have successively released economic data for 2023. On January 17th, the National Bureau of Statistics released data showing that preliminary calculations showed that the gross domestic product (GDP) for the whole year of 2023 was 126058.2 billion yuan, an increase of 5.2% compared to the previous year at constant prices. Among the 12 provinces mentioned above, 9 provinces have a GDP growth rate that surpasses the national average. Liu Xiangdong, Deputy Director of the Economic Research Department of the China International Economic Exchange Center, told Securities Daily that in the continuous recovery and development of the economy, the economic growth rate of multiple provinces has exceeded the national economic growth rate, and the total economic output has reached a new level, reflecting the multiple measures taken by various regions to stimulate market vitality and strive to restore regional economy. Last year, the total GDP of multiple provinces reached a new high. From the perspective of total GDP, out of the 12 provinces that have already released their economic data for the whole year of 2023, several provinces have reached a new level of GDP. Among them, Shandong, Sichuan, and Hunan achieved their first annual GDP breakthroughs of 9 trillion yuan, 6 trillion yuan, and 5 trillion yuan respectively, while Chongqing and Liaoning entered the "3 trillion yuan club" in annual GDP. "These regions have a relatively complete industrial layout, good economic development momentum, and good market prospects and development potential. In the new round of economic development, these regions focus on innovation driven, transformation and upgrading, and talent introduction, accelerating the promotion of high-quality development." Tian Lihui, Dean of the Financial Development Research Institute of Nankai University, told Securities Daily reporters. As a major economic province in the northern region, Shandong Province's main economic indicators have significantly improved in 2023. It is reported that the total GDP of Shandong Province in 2023 was 9206.9 billion yuan, an increase of 6.0% compared to the previous year at constant prices. This not only represents a significant increase in its economic output, but also reflects the improvement of its economic quality and efficiency. Deputy Director of Shandong Provincial Bureau of Statistics Spokesperson Fu Xiangguo introduced at the Shandong Provincial Government press conference on January 19th: The coordinated recovery of supply and demand in Shandong Province, with the government timely launching a package of practical and effective policy measures to promote the synchronous recovery of production supply and market demand; accelerating the improvement of quality and efficiency, deepening the transformation of old and new driving forces, continuously optimizing industrial structure, accumulating growth momentum, and strengthening development advantages; steadily increasing market vitality, making every effort to eliminate constraints in the development of private economy and private investment, and steadily improving market expectations, The vitality of business entities continues to increase From the perspective of GDP growth rate, among the 12 provinces mentioned above, Beijing is on par with the national level, Hunan and Tianjin are lower than the national level, and the remaining 9 provinces outperform the national level. Among them, Hainan's GDP grew by 9.2% year-on-year, temporarily leading the growth rate. Inner Mongolia's GDP grew by 7.3% year-on-year, reaching the highest growth rate since 2016. "In the regional economic pattern, provinces such as Hainan, Inner Mongolia, Gansu, Jilin, and Chongqing are worth paying attention to."