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30 provinces' GDP targets for 2019, the two provinces raised their targets against the trend

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Beijing, China, January 29 (Reporter Li Jinlei) In 2019, the provincial two local conferences are coming to an end. As of the 28th, in addition to Shandong Province, 30 provinces have already held provincial-level local two conferences, which are in the 2018 local economy. At the same time as the transcript, the local economic growth target of 2019 was determined. Most provinces have lowered their GDP targets this year compared to last year, while Hainan and Hubei's GDP targets have risen against the trend. The GDP target is set to the interval value to become the trend.

30 provinces' GDP targets for 2019, the two provinces raised their targets against the trend -30-provinces39-GDP-targets-for-2019-the-two-provinces-raised-their-targets-against-the-trend

The second meeting of the 13th National People's Congress of Guangdong Province opened in Guangzhou on the morning of the 28th. Cheng Jingwei

Guangdong and Jiangsu are among the first 9 trillion clubs

In 2018, the economic aggregates of many provinces took a new step. As the economic province of the country's first echelon, Guangdong and Jiangsu's total GDP in 2018 doubled into the 9 trillion club for the first time.

Among them, Guangdong's GDP reached 9.73 trillion yuan, only one step away from the 10 trillion mark, and continued to stabilize the top spot in GDP. Jiangsu's total GDP has reached 9.2 trillion, and its economy has surpassed Australia, the 13th largest economy in the world.

There are also many provinces, autonomous regions and municipalities that have achieved new breakthroughs in total GDP. Sichuan's GDP in 2018 reached 406.813 billion yuan, and it successfully advanced to the "4 trillion clubs", and its status as the sixth largest economic province in the country has been consolidated.

The total GDP of Beijing and Anhui in 2018 exceeded the 3 trillion mark for the first time; the GDP of Chongqing and Guangxi exceeded 2 trillion yuan for the first time.

30 provinces' GDP targets for 2019, the two provinces raised their targets against the trend -1548725871_724_30-provinces39-GDP-targets-for-2019-the-two-provinces-raised-their-targets-against-the-trend

GDP targets for each province in 2019.

Most provinces actively cut this year's GDP target

The current economic operation is stable and changeable, and the external environment is complicated and severe, and the economy is facing downward pressure. In this situation, the 2019 GDP target for most provinces has been lowered compared to last year.

For example, Guizhou's GDP growth target in 2019 fell to single digits, down from around 10% last year to around 9%; Chongqing's 2019 GDP growth target was lowered from 8.5 percent last year to 6%; Tianjin GDP growth in 2019 The target is about 4.5%, which is lower than last year's 5%; Guangdong's GDP growth target for 2019 is adjusted from 7% to 6.5% last year; Jiangsu is adjusted from 7% or more last year to more than 6.5%; Beijing It was adjusted from 6% to 6.5% last year.

The Beijing Municipal Development and Reform Commission explained that the target growth rate of GDP in 2019 is set at 6%-6.5%, which not only leaves more room for functional relief, environmental governance, structural adjustment, but also more energy, and is also conducive to the stability of the demand. The keynote of the work of entering and stabilizing the word is to guide the market expectations reasonably.

In the government work report, Liaoning did not set a specific GDP growth target value. It only required “to keep the economy running in a reasonable range, and the regional GDP growth was kept in sync with the country”.

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Data map. China News Agency reporter Zhang Yun photo

Hainan and Hubei GDP targets rise against the trend

However, some provinces set a 2019 GDP target that was the same as last year.

For example, Tibet's 2019 GDP growth target is about 10%, Sichuan's 2019 GDP growth target is about 7.5%, Hebei's 2019 GDP growth target is about 6.5%, and Gansu's 2019 GDP growth target is about 6%. The growth target for 2018 is flat.

The GDP target of Hainan and Hubei is raised against the trend. Among them, Hainan's 2019 GDP growth target was raised from 7% last year to 7%-7.5%.

However, Hainan's GDP growth rate in 2018 is below the expected target of 7%. Bao Hongwen, director of the Hainan Provincial Bureau of Statistics, said that this is a difficult process that Hainan’s economy must bear to reduce its dependence on real estate and is the result of active regulation. The impact of the real estate industry's active regulation and control policies on the economy will weaken in 2019. At the same time, the introduction of the headquarters economy will become a favorable factor for stimulating the economy. It is expected that Hainan's economic and social indicators will continue to improve in 2019.

Hubei raised its GDP growth target for 2019 from 7.5% in 2018 to 7.5% to 8%. The bottom line for Hubei's upward adjustment of its GDP target comes from the improvement of the local economic situation. The data shows that Hubei's GDP grew by 7.8% in 2018, which was 0.3 percentage points higher than the expected development target, which inhibited the unilateral decline for seven consecutive years.

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Data map: Busy workers in the factory. China News Agency reporter Zhang Lang photo

14 provinces set GDP target as interval value

A notable change is that for this year's economic growth target, at least 14 provinces are set to have upper and lower limits.

Provinces and cities with GDP targets set to interval values ​​this year include Beijing, Anhui, Fujian, Hubei, Henan, Hunan, Hainan, Shaanxi, Qinghai, Ningxia, Guangdong, Jiangxi, Shanghai, and Jilin.

For example, Fujian and Jiangxi have GDP targets of 8%-8.5% this year, and last year were around 8.5%. Beijing and Shanghai have GDP targets of 6%-6.5% this year, and last year were around 6.5%.

Xu Hongcai, deputy chief economist of China International Economic Exchange Center, told the reporters of Chinanews.com that the target has “ceiling” and “floor”, which is more scientific and flexible. As long as the economic growth rate is within the range, there is no breakthrough in the “ceiling” and no “floor”. It is necessary to maintain the relative stability, continuity and flexibility of macroeconomic policies and play a decisive role in market allocation of resources.

Xu Hongcai believes that under the interval target, the government can focus more on structural adjustment and deepening reforms, especially to promote long-term supply-side structural reforms. (Finish)

Editor in charge: Fang Jialiang


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