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Home > News > Valuable News > 900 billion echelons in six cities Quanzhou, Dongguan and Hefei rank third

900 billion echelons in six cities Quanzhou, Dongguan and Hefei rank third

ECHEMI 2020-02-21

As the engine of economic growth, major economic cities have stepped onto a new stage, injecting more power into the rapid rise of China's economy. According to the data released by Foshan Municipal Bureau of statistics, in 2019, the total preliminary calculation of Foshan's regional GDP was 1 trillion and 75 billion 102 million yuan, an increase of 6.9% over the previous year. With Foshan officially entering the GDP trillion club, China's current GDP over trillion cities have increased to 17. It includes four municipalities directly under the central government of Beijing, Shanghai, Tianjin and Chongqing; seven provincial capitals of Guangzhou, Chengdu, Wuhan, Nanjing, Hangzhou, Zhengzhou and Changsha; three cities with separate plans of Shenzhen, Qingdao and Ningbo; three ordinary prefecture level cities of Suzhou, Wuxi and Foshan. In terms of provinces, Guangdong, the first economic province, and Jiangsu, the second economic province, have three respectively, and Zhejiang has two.

 

After Foshan, which cities are the reserves of GDP trillion club? The first financial reporter found that in 2019, there are six cities in the 900 billion echelon, namely Quanzhou, Dongguan, Hefei, Fuzhou, Nantong and Xi'an. This year, there is great hope to enter the GDP trillion row. According to the data released recently by Hefei, the rapid rise of Hefei, in 2019, the unified accounting reform of regional GDP was implemented nationwide. After the preliminary accounting of the whole province, the GDP of Hefei was 940.94 billion yuan (revised according to the results of the fourth national economic census, the GDP of the whole City in 2018 was 860.51 billion yuan), with a year-on-year growth of 7.6% based on comparable prices. A big background here is that on November 22 last year, the National Bureau of statistics issued a notice saying that according to China's GDP accounting system and the results of the fourth national economic census, the National Bureau of statistics revised the preliminary GDP accounting in 2018. The main results are as follows: in 2018, the GDP was 91928.1 billion yuan, an increase of 1897.2 billion yuan or 2.1% compared with the preliminary accounting. In addition, the National Bureau of statistics will authorize the regional statistical offices to publish the revised GDP in 2018 together with the GDP in 2019. After the revision, there are also some changes in the ranking of cities in 2019. Among them, Hefei, which was originally ranked 25th in China before the revision, suddenly surpassed Xi'an, Nantong, Fuzhou and other cities in 2019, ranking 20th.


In 2009, Hefei's GDP ranked only 49th in China. In the past decade, Hefei's economy has risen rapidly, ranking more than 20 places in the country. Lin Fei, a researcher at the Institute of economics, Anhui Academy of Social Sciences, analyzed the first financial reporter that the promotion of Hefei's ranking was due to the adjustment of statistical caliber after the economic census, that is to say, what was not included before has been included now. But more importantly, the overall development ideas of Hefei in recent years are relatively clear. On the one hand, it has done a good job in upgrading the original industries, on the other hand, it has vigorously developed emerging industries such as integrated circuits and artificial intelligence, and it has well grasped the path of industrial division and upgrading, especially in the process of integration of the Yangtze River Delta, it has seized many opportunities. In the upgrading of traditional industrial clusters, Ding Changfa, associate professor of Economics Department of Xiamen University, analyzed the first financial reporter that Hefei is close to the Yangtze River Delta and has a superior geographical location. In recent years, with the rapid increase of land and labor costs in the Yangtze River Delta and Pearl River Delta, Hefei has taken advantage of its own labor and land costs, and on the basis of the original home appliance industry, undertaken a large number of home appliance industry settlement in the Yangtze River Delta and Pearl River Delta, and developed into the largest home appliance manufacturing base in China. In terms of emerging industries, Hefei has done a good job in artificial intelligence industry in recent years.


Lin Fei said that Hefei has strong universities and scientific research institutes such as China University of science and technology and Hefei University of technology. In recent years, with the joint efforts of provinces, universities and enterprises, there have emerged enterprises represented by iFLYTEK (002230. SZ) in artificial intelligence. In many cities competing for the gdp900 billion echelon, the total amount is higher than that of Quanzhou and Dongguan in Hefei. Among them, Quanzhou's GDP reached 994.666 billion yuan in 2019, ranking first, which is only a step away from the trillion mark. According to the unified accounting data fed back by Fujian Provincial Bureau of statistics on January 19, in 2019, Quanzhou's GDP reached 994.666 billion yuan, ranking first in the province for 21 consecutive years; based on the total amount of the fourth national economic census, the preliminary accounting increased by 8.0%. Dazzling economic data depends on solid real economy and private economy. Quanzhou is a famous hometown of overseas Chinese in Fujian Province, and also the most developed area of private economy in Fujian Province. Jinjiang under its jurisdiction has given birth to the famous "Jinjiang Model", and a series of famous sports brands such as Anta, 361 ° and Tebu have emerged. Similar to Quanzhou, another big manufacturing city, Dongguan, the "world factory", has also performed well.


According to the data of Dongguan Municipal Bureau of statistics, in 2019, Dongguan achieved a regional GDP of 948.25 billion yuan, an increase of 7.4% year on year in terms of comparable prices. In 2020, Dongguan is expected to become the fourth trillion GDP city in Guangdong after Shenzhen, Guangzhou and Foshan. After years of efforts, Dongguan's industrial restructuring, transformation and upgrading have achieved results. The smart phone industry has become its most representative industry. The world-famous Huawei, oppo, vivo and other major mobile phones are all produced in Dongguan. In 2019, the added value of Dongguan's five pillar industries reached 313378 million yuan, an increase of 10.8%. Among them, the added value of electronic information manufacturing industry reached 170.447 billion yuan, an increase of 21.1%, continuing to lead the growth. Peng Peng, executive chairman of Guangdong Institute of institutional reform, analyzed with the first financial reporter that Dongguan's industrial upgrading is represented by the electronic information industry, especially smart phones, which are more closely connected with the world's advanced technologies, and electronic products have more disruptive technologies and faster upgrading.


According to the data, the GDP of Dongguan, Hefei, Fuzhou, Nantong and Xi'an are all between 930 billion and 950 billion yuan, which are very competitive with each other. Among them, the GDP of Fuzhou, the capital of Fujian Province, reached 939.23 billion yuan in 2019. In 2020, the main expected goal of the city's economic and social development is to increase the regional GDP by 8%, and the total economic output will exceed trillion yuan. Ding Changfa told the first financial reporter that the manufacturing industry in Fuzhou is good, the land area is large, the port resources are good, the hardware infrastructure is good, and the future development space is still large. At the same time, in terms of emerging industries, Fuzhou's software service industry is very prominent, with a number of well-known enterprises emerging, such as new mainland (000997. SZ) and Netdragon (00777. HK). Nantong is located in the middle of Jiangsu Province, across the river from Shanghai and the south of Jiangsu Province. It is one of the birthplaces of modern Chinese national industry. In 2019, Nantong achieved a GDP of 938.35 billion yuan. This year's work report of Nantong municipal government clearly points out that this year, Nantong will take advantage of national strategies such as the Yangtze River Delta regional integration development, integrate into southern Jiangsu in an all-round way, connect with Shanghai in an all-round way, build a strategic fulcrum of the Yangtze River economic belt and a gateway city on the north wing of Shanghai metropolis, and ensure that the total economic output is over trillion yuan.


In this way, Nantong is expected to become the fourth "trillion city" in Jiangsu Province after Suzhou, Nanjing and Wuxi this year. It is worth noting that among the six cities with a total of 900 billion echelons, the provincial capital cities and ordinary prefecture level cities are each half, namely "Xi'an, Hefei and Fuzhou" and "Quanzhou, Dongguan and Nantong". For these cities, although they are about to cross the trillion mark, their own shortcomings are obvious. Taking three ordinary prefecture level cities as examples, as big manufacturing cities, these cities are faced with the problems of how to speed up the transformation and upgrading of industries and how to speed up the upgrading of urban capacity. Take Quanzhou as an example. Although the total economic volume has long ranked first in Fujian Province, Quanzhou's economy mainly comes from the counties and cities under its jurisdiction, such as Jinjiang and Shishi. The central urban area is not strong, which belongs to the typical "small horse pulling cart". Due to the small population in the central urban area, Quanzhou has not been connected with the subway so far. If we cross the trillion mark this year, Quanzhou will become the only one of the trillion cities that has not yet been approved to build a subway. Ding Changfa said that the central city of Quanzhou is not strong, public supporting facilities such as education, medical treatment and transportation are lagging behind, and the attraction to middle and high-end talents is relatively limited, which has also greatly affected the city's potential and potential. In the future, Quanzhou still needs to improve the business environment and improve the government's public service level. There are similar short boards in Nantong and Dongguan.


In the past few decades, Dongguan's economic development has been mainly distributed in the town area, the main structure is relatively scattered, the main urban area is weak, and there is a phenomenon of "small horse pulling big car". In recent years, Dongguan has been actively implementing the strategy of strengthening its core, improving the agglomeration and radiation capacity of the central urban area, enhancing the primacy of the central area, accelerating the development of modern service industry, and making the urban platform bigger and stronger. However, for the three provincial capitals, the current shortcomings are mainly due to the insufficient leading capacity of the surrounding areas. Taking Hefei as an example, Lin Fei told reporters that in recent years, the manufacturing industry in Hefei has developed prominently. When the manufacturing industry has reached a certain stage, the supporting service industry must keep up, especially the modern service industry such as finance. The location of Hefei is very good, but the hub economy of Hefei is still very inadequate. In addition, the development of innovation industry also needs better life service industry. Lin Fei said that as a sub central city of the Yangtze River Delta city cluster, the gap between Hefei and Hangzhou, Nanjing is very obvious, especially the economic aggregate is still relatively small, the radiation to the whole metropolitan area and the surrounding areas is limited, the leading role of the central city needs to be further played, in addition, in the aspects of its own big city governance, building a modern big city framework, etc., it is urgent to supplement Short board. For Xi'an, the leading city in Northwest China, one of the major deficiencies is the small economic aggregate. Xi'an is not only the National Central City, but also the central city and leading city in the northwest region. However, Xi'an is the only one of the nine national central cities whose GDP is less than one trillion. Therefore, it is still a major task to speed up economic development, increase the total economic output, enhance the ability of self radiation and driving the Guanzhong Plain Urban Agglomeration and the northwest region.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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