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Economy

Expanding to a "new" layout in multiple regions and intensifying efforts to "compete in the economy" in the second quarter

2024-04-25   

Following the debut of the national economic first quarter report, local economic first quarter reports have also been released recently. The GDP growth rate in Jilin, Jiangsu, Chongqing and other regions has reached over 6%, indicating steady progress in the economy and the accumulation of positive factors. The Economic Reference News reporter noticed that in order to consolidate the foundation of sustained recovery and improvement, many regions are seizing the window of economic operation in the second quarter, intensifying the planning and deployment of greater efforts to "compete with the economy" measures, especially in the development of new quality productive forces, focusing on strengthening scientific and technological innovation, cultivating and strengthening new industries. From the provinces that have released data, it can be seen that the economy in various regions generally started well in the first quarter. From the perspective of regional economic growth rate, Jilin, Jiangsu, Chongqing, Zhejiang, Sichuan, Hubei, Shandong, Beijing and other places are all above 6%. Hebei and Liaoning also outperform the country with growth rates of 5.6% and 5.4%, respectively. From the perspective of economic output, many regions have made new breakthroughs, such as Jiangsu breaking through the 3 trillion yuan mark for the first time, Zhejiang breaking through the 2 trillion yuan mark for the first time, and Beijing reaching the trillion yuan mark for the first time. While the economy in multiple regions is steadily recovering, the new trend is also commendable, accelerating its progress towards high-quality development. In Guangdong, investment in new fields has shown strong growth momentum, with investment in advanced manufacturing and high-tech manufacturing increasing by 22.4% and 33.3% respectively in the first quarter; In Jiangsu, emerging industries continue to grow, and in the first quarter, the proportion of high-tech industry output value to above scale industries exceeded 50% for the first time, reaching 50.2%; In Beijing, emerging fields have shown active performance, with the added value of strategic emerging industries above designated size increasing by 12.0% in the first quarter. The production of new energy vehicles, intelligent televisions, industrial robots, and integrated circuits increased by 2.4 times, 2 times, 1.6 times, and 22.6% respectively... "From the published data, coastal economic provinces such as Jiangsu, Zhejiang, and Shandong grew rapidly in the first quarter, and the overall economy showed a sustained positive trend. This has played a leading role in the development of economic provinces as locomotives, providing strong support for the national economic growth of 5.3% in the first quarter." Liu Xiangdong, Deputy Minister of the Macroeconomic Research Department of the China International Economic Exchange Center, told Economic Reference Daily reporters. However, it is worth noting that the current external environment is severe and complex, and problems such as insufficient effective demand and weak social expectations still exist. The economic recovery still needs to be strengthened. The second quarter is a crucial window period for accelerating, implementing, and achieving goals. The reporter noticed that in order to continuously enhance the positive trend of economic recovery, many places have intensified their deployment and planning of greater measures. For example, the recent executive meeting of the Shanghai Municipal Government pointed out the need to focus on key industries and regions, play the important role of industrial economy in the overall economic situation of the city, promote the sustained development of the commercial and financial industries, and further explore new growth points such as professional service industries; We need to continuously enhance the accuracy of economic operation and scheduling work, focus on the implementation of target tasks, scientific scheduling, and supporting policies, firmly grasp the work window period, and strive to accelerate in the second quarter. The Beijing Municipal Development and Reform Commission stated at a recent press conference that it will seize the favorable conditions of economic recovery in the second quarter and continue to make efforts in transforming modes, adjusting structures, improving quality, and increasing efficiency. Drive the whole year

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