Guangdong's Total Amount Breaks 5 trillion Tianjin's Growth Rate and Warms Up

As of July 22, 22 provinces, including Guangdong, Zhejiang, Henan, Sichuan, Hubei, Hunan and Fujian, have published economic data for the first half of the year.

In terms of total economic output in the first half of the year, Guangdong's GDP broke through 5 trillion yuan for the first time, reaching 5.05 trillion yuan, an increase of 6.5% over the previous year, which is at the upper limit of the annual target range. Jiangsu and Shandong have not yet released relevant data, Zhejiang ranked second in the first half of the year with 2.83 trillion yuan. Sichuan broke through 2 trillion yuan for the first time in the first half of this year, with GDP of 2.05 trillion yuan.

In terms of economic growth in the first half of the year, of the 22 provinces that have published the first half of the report card, 14 provinces exceeded or remained equal to the national average (6.3%). Yunnan and Guizhou continue to maintain high economic growth. Among them, Yunnan grew by 9.2% in the first half of the year, surpassing Guizhou in the first half of last year.

p>Guizhou's economic growth rate in the first half of the year was 9.0%, which continued to rank in the forefront of the country. Peng Long, deputy director of Guizhou Statistical Bureau, said that Guizhou's investment increased by 15.8% in 2018 and its contribution rate to economic growth remained around 65%. This is an important factor for Guizhou's rapid economic growth for many consecutive years and the sustained growth rate in the forefront of the country. In the first half of this year, Guizhou's fixed asset investment grew by 12.3% year-on-year, still at a relatively fast growth rate.p>Tianjin grew by 4.6% in the first half of the year, temporarily bottoming out, but the growth rate has warmed up, up 1.2 percentage points from the same period last year. In the first half of this year, GDP grew by 8.0% year-on-year, 0.2 percentage points faster than the previous year. It is also at the upper limit of the annual target range.

According to this year's government work reports, 23 of the 31 provinces, including Tianjin, Chongqing and Guizhou, have lowered their GDP growth targets for this year. Of the 22 provinces that have published their first half results, the growth rate of 16 provinces in the first half of the year declined in varying degrees. Among them, the biggest slowdown is in Shaanxi. Shaanxi's GDP grew at 5.4% in the first half of this year, down 3.2 percentage points from the same period last year. In the first half of the year, Guangdong's GDP topped 5 trillion yuan, reaching 5.05 trillion yuan, an increase of 6.5% over the same period last year, which is at the upper limit of the annual target range. At the beginning of this year, Ma Xingrui, governor of Guangdong Province, mentioned in his government work report that the main expected goal of Guangdong's economic and social development this year is to increase the GDP by 6-6.5%, breaking through the 10 trillion yuan barrier. If the economic growth in the first half of the year is maintained, Guangdong's total annual economic volume is expected to knock open the door of 10 trillion yuan.

GDP in the first half of last year ranked second and third respectively in Jiangsu and Shandong, which have not yet published economic data for the first half of this year. Zhejiang, which ranked fourth in total in the first half of last year, tentatively ranked second in the country with a growth rate of 7.1% in the first half of this year of 2.83 trillion yuan.

is also located in the array of 2 trillion yuan in Henan and Sichuan. The total economic volume of the two provinces in the first half of the year is 2.42 trillion yuan and 2.05 trillion yuan respectively, temporarily ranking third and fourth. Among them, Sichuan broke through the 200 billion yuan mark for the first time in the first half of this year. < p > < p > < hubei, hunan, fujian, anhui, beijing, Shaanxi and Jiangxi provinces continued to rank at 1 trillion yuan. In the first half of the year, Hubei's GDP, tentatively ranked fifth, was 1.99 trillion yuan, an increase of 8.0% over the same period last year.

This year's report on the work of the Hubei Government mentions that the growth target of Hubei's GDP in 2019 is 7.5%-8%. This goal was raised against the trend in the form of setting growth intervals under the circumstances that Hubei had lowered its GDP growth target in many provinces. At present, the economic development of Hubei is stable, and the growth rate in the first half of the year is also at the upper limit of the annual target interval.

For the first time in the first half of this year, the total economic volume of Tianjin and Chongqing exceeded 1 trillion yuan. Tianjin's GDP in the first half of the year was 1.037 trillion yuan, an increase of 4.6% over the same period last year. Chongqing's GDP in the first half of the year was 1.033 trillion yuan, an increase of 6.2% over the same period last year.

The total economic volume of Hainan, Ningxia and Qinghai provinces in the first half of the year was 0.27 trillion yuan, 0.17 trillion yuan and 0.13 trillion yuan respectively, temporarily ranking the bottom three. In the first half of this year, China's gross domestic product (GDP) was 45.09 trillion yuan, an increase of 6.3% on a year-on-year basis at comparable prices. Of the 22 provinces that have published their first half report cards, 14 have exceeded or remained at the national average.

Yunnan and Guizhou continue to maintain high economic growth, which is currently the only province with a growth rate of 9.0% or more. Among them, Yunnan's growth rate in the first half of the year was 9.2%, exceeding the national average by 2.9 percentage points, surpassing Guizhou's growth rate in the same period last year. < p > < p > In the first half of 2019, the economic growth rate of each province ranked 9.0% in the first half of 2019, followed by that of Yunnan, and continued to rank at the top of the country. It is noteworthy that in the first quarter of this year, Guizhou's economic growth rate was 9.2%, and Guizhou ranked the top three in the country for 33 consecutive quarters. Peng Long, deputy director of Guizhou Statistical Bureau, said that from 2012 to 2017, Guizhou's investment growth rate remained above 20%, and in 2018, Guizhou's investment growth rate was 15.8%. The contribution rate to economic growth remained around 65%. This is an important factor for Guizhou's rapid economic growth for many consecutive years and the sustained growth rate in the forefront of the country. In the first half of this year, Guizhou's fixed assets investment grew 12.3% year-on-year, 6.5 percentage points faster than the national level (5.8%). Peng Long said that this was still a relatively fast growth rate. The growth rate of

was 8.0% or more in Jiangxi, Fujian, Hubei and Anhui. Among them, the economic growth rates of Jiangxi and Fujian in the first half of the year were 8.6% and 8.1% respectively, temporarily ranking third and fourth. Hubei