Original title: Guangdong’s GDP exceeds 12 trillion for the first time: an estimated increase of about 5.5% in 2022, “seeking progress while maintaining stability” to promote investment in key projects
Focusing on promoting steady investment growth, Guangdong will speed up the construction of major infrastructure in 2022, and make it clear that it will carry out infrastructure investment moderately ahead of schedule.
Guangdong, the largest province in the economy, has once again won a dazzling label: my country’s first province with a GDP exceeding 12 trillion yuan.
On January 20, the fifth session of the 13th Guangdong Provincial People’s Congress opened. The Guangdong Provincial Government Work Report shows that in 2021, the GDP of Guangdong Province will reach 12.4 trillion yuan, a year-on-year increase of 8%. As a result, Guangdong has also ranked first in the country in terms of economic aggregate for 33 consecutive years.
This achievement was not easy to come by. But what needs to be paid more attention is, what goal does Guangdong set in 2022? What are you aiming for? In particular, my country’s economic development is currently facing the “triple pressure” of demand contraction, supply shock, and weakening expectations. In this regard, how will Guangdong’s economy achieve “steadiness and progress while maintaining stability”?
In terms of goals, in 2022, Guangdong is expected to increase GDP by about 5.5%, investment in fixed assets by 8%, total retail sales of consumer goods by 6.5%, total import and export volume by 3%, industrial added value above designated size by 5.5%, and local general public budget revenue. up 5%. To this end, Guangdong has deployed 10 key tasks, emphasizing that it will take multiple measures to expand domestic demand, stabilize external demand, accelerate the construction of major infrastructure, improve the dual circulation function of linking domestic and international, and will enhance the core competitiveness of the manufacturing industry and accelerate the promotion of a strong manufacturing province. Construction, and effectively improve the modernization level of the industrial chain and supply chain.
The government work report pointed out that Guangdong is at the intersection of internal and external circulation, with a complete industrial system, strong innovation strength and a good business environment. Market dividends, and the superposition of major national development strategies such as “dual zones” and the construction of two cooperation zones in Hengqin and Qianhai, are the advantages, confidence and confidence of Guangdong’s new journey.
This year’s key projects plan to invest 900 billion
In 2021, Guangdong’s GDP will reach 12.4 trillion yuan, a year-on-year increase of 8%.
“Guangdong’s 8% economic growth rate in 2021 is within a reasonable operating range. This is the result of Guangdong’s active response to changes and comprehensive measures taken in various aspects. It also shows that Guangdong’s various policies are in place in a timely manner.” Former Vice President of Guangdong Provincial Party School Chen Hongyu analyzed to the 21st Century Business Herald reporter.
Among them, from the perspective of investment, Guangdong will play a key role in investment in 2021. The investment in key provincial projects will exceed 1 trillion yuan, and the province’s fixed asset investment will increase by 6.3%. 46,700 new 5G base stations were built, with a total of 170,000, ranking first in the country. As a major foreign trade province, Guangdong’s total import and export volume in 2021 will increase by 16.7% year-on-year, continuing the double-digit growth momentum. In terms of consumption, in 2021, Guangdong will accelerate the construction of an international consumption hub in the Greater Bay Area and the international consumption center cities of Guangzhou and Shenzhen. Last year, the total retail sales of consumer goods increased by 9.9%, and rural consumption and online consumption both increased by more than 20%.
In 2022, Guangdong made it clear that it must adhere to the principle of stability and seek progress while maintaining stability. In 2022, Guangdong’s GDP is expected to increase by about 5.5%. Behind this GDP target growth rate, how the “troika” can better achieve “stabilization” and “progress” is even more important. Separately, in 2022, Guangdong expects the province’s fixed asset investment to increase by 8%, the total retail sales of consumer goods to increase by 6.5%, and the total import and export volume to increase by 3%.
“At present, there are still many difficulties and challenges in the operation of my country’s economy. Taking into account internal and external factors, in 2022, Guangdong’s economy must adhere to the principle of stability and seek progress while maintaining stability. More precisely, the key point is to stabilize the pace of progress.” Chen Hongyu Say.
Specifically, in 2022, Guangdong Province will take multiple measures to expand domestic demand, stabilize external demand, speed up the construction of major infrastructure, and improve the dual-cycle function of linking domestic and international. Among them, focusing on promoting the steady growth of investment, Guangdong will accelerate the construction of major infrastructure in 2022, and it is clear that it will carry out infrastructure investment moderately ahead of schedule. It is reported that in 2022, Guangdong Province will arrange 1,570 provincial key projects with a total investment of about 7.67 trillion yuan and an annual planned investment of 900 billion yuan, an increase of 12.5% over last year’s plan. Among them, 294 new projects are planned and 1,276 are to be continued.
Chen Hongyu analyzed that from the perspective of investment, there are still uncertainties in the internal and external environment this year, so more emphasis should be placed on the accuracy of investment. From the perspective of Guangdong’s arrangement this year, the focus is on the improvement of its own circulation capacity and the pull of industrial structure adjustment, and the focus is relatively clear.
In addition, Guangdong will make greater efforts to stimulate consumption potential this year, including accelerating the development of Guangzhou and Shenzhen into international consumption center cities, planning and deploying several regional consumption center cities, creating characteristic business districts and demonstration pedestrian streets, and building an international consumption hub in the Greater Bay Area.
For the high-quality development of trade, Guangdong also has a clear layout. The work report of the Guangdong Provincial Government pointed out that in 2022, we should seize the opportunity of implementing the Regional Comprehensive Economic Partnership Agreement and steadily expand the markets along the “Belt and Road” such as ASEAN. Promote the construction of a demonstration province for cross-border e-commerce, and start the construction of a digital pilot zone for global trade in the Greater Bay Area. Promote the creation of the western Guangdong area of the Pilot Free Trade Zone in Zhanjiang and Maoming.
Chen Hongyu believes that this year’s plan for stabilizing economic growth in Guangdong has strong precision, not only focusing on multiple measures to expand domestic demand and stabilizing external demand, but also highlighting the “stabilization” and “progress” of the overall economy through cohesive focus. Complementing the existing weaknesses and weaknesses also includes areas that can form key support for future long-term high-quality development, such as comprehensive transportation capacity improvement, resource allocation projects, and industrial park carriers. “Stable growth is not a simple ‘stable indicator’.” “.
Stabilizing the “fixed star” of industrial development
Industry is the “ballast stone” of economic development, and it is also a key area for economic stability and progress.
As a major manufacturing province, Guangdong’s industrial added value above designated size will be 3.75 trillion yuan in 2021, a year-on-year increase of 9.0% and an average two-year growth of 5.2%. The growth rate has basically returned to the pre-epidemic level. It is worth noting that the supporting role of Guangdong’s 20 strategic industrial clusters is prominent, and the added value accounts for about 1/3 of GDP.
Tao Feng, dean of the Institute of Industrial Economics at Jinan University, said that this set of data actually once again proved a truth, that is, manufacturing growth is still the “stabilizer” for the growth of the national economy. For Guangdong, strategic industrial clusters have played a “fixing star” role in the province’s economic fundamentals.
Therefore, for the steady growth of Guangdong’s economy, how to stabilize the fundamentals of the manufacturing industry and play the role of industrial “ballast stone” is particularly important.
“The premise for Guangdong to maintain a long-term competitive advantage is the manufacturing industry. For Guangdong to be at the forefront of the country, it must make long-term plans for cultivating industrial clusters.” Tao Feng believes that in fact, there are still some structural problems in Guangdong’s industrial clusters, such as some There are no leading enterprises in the industrial cluster, and it is difficult to drive the development of the industrial chain without leading engines; in addition, the lack of some key core components also brings challenges to the development of the industrial chain.
In this regard, the Guangdong Provincial Government Work Report proposes to enhance the core competitiveness of the manufacturing industry in 2022, accelerate the construction of a strong manufacturing province, and effectively improve the modernization level of the industrial chain and supply chain. Among them, the key points include promoting the construction of 20 strategic industrial clusters. Solidly grasp the “six major projects” of the manufacturing industry, improve the “chain length system”, and build a world-class advanced manufacturing cluster. Build a high-level industrial development platform. Accelerate the digital transformation of manufacturing.
Chen Hongyu also said that the idea of Guangdong’s manufacturing industry is no longer to rely on simple investment to develop large-scale, but to focus on advantageous industries, strengthen characteristic industries, target emerging industries, seize key enterprises, and improve the “chain length system”. “And cultivate “chain masters”, “single champions” and “specialized and new” enterprises, targeted “replenishing the chain” and “strengthening the chain”. At the same time, technological innovation empowerment, including digital transformation, has become an important path for the manufacturing industry to enhance its competitiveness.
For example, for the problem of “stuck neck” in key core technologies, Guangdong will focus on breaking through a number of key core technologies in 2022. Explore the new national system “Guangdong Path”, implement the ten-year “Zhuo-Guangdong” plan for basic and applied basic research, invest more than 1/3 of the provincial scientific and technological innovation strategy special funds in basic research, and speed up the application of the Greater Bay Area Quantum Science Center and national applications. The construction of a mathematics center to improve the basic research ability of “from 0 to 1”.
Focusing on strengthening, optimizing and expanding the digital economy, this year Guangdong will promote the construction of the National Digital Economy Innovation and Development Pilot Zone and the Guangzhou and Shenzhen National Artificial Intelligence Innovation and Application Pilot Zones. Develop inclusive “cloud and platform”, and newly promote the digital transformation of 5,000 industrial enterprises above designated size.
“Affected by the epidemic in 2020, Guangdong’s designated industry will achieve a high-speed growth of 9% in 2021. This is actually a short-term recovery growth, and behind it is the short-term dividend caused by the transfer of global production and orders.” Tao Feng believes that in 2022 In 2018, Guangdong has formed a relatively scientific and reasonable expectation for industrial growth, which also reflects the structural adjustment and industrial transformation and upgrading of Guangdong, which is transitioning from high-speed growth to a new stage of high-quality development.
(Author: Yu Changhuan, Li Zhen Editor: Lin Hong)