Economic Overview - In the first quarter of 2025, 31 provinces in China released their economic performance, with Guangdong and Jiangsu entering the "3 trillion club" in GDP total [1][2] - The national GDP growth rate exceeded market expectations, with 19 provinces outperforming the national benchmark of 5.4%, led by Tibet at 7.9% [1][2] GDP Performance - The top three provinces by GDP total are Guangdong (33,525.51 billion), Jiangsu (33,088.6 billion), and Shandong (23,466 billion), collectively accounting for nearly 30% of the national GDP [2] - Other provinces such as Zhejiang, Sichuan, and Henan also reported GDP exceeding 1 trillion [2] Regional Economic Characteristics - Eastern regions are leading in industrial upgrades due to their geographical advantages and established economic foundations, while central regions are achieving stability through agricultural and industrial collaboration [3] - Western regions are leveraging natural resources and policy support to drive the integration of resources and emerging industries [3] New Economic Drivers - High-tech, digital, and green economies are experiencing rapid growth, with Guangdong's advanced manufacturing and high-tech manufacturing sectors increasing by 5.9% and 5.3% respectively [4] - Notable growth in high-tech product output includes a 29.9% increase in new energy vehicles and an 83.5% increase in lithium-ion batteries for energy storage [4] Consumer Market Growth - The "trade-in" policy and the Spring Festival holiday have significantly boosted consumer markets, with Jiangsu reporting substantial growth in retail sales across various categories [5] - Shandong's retail sales increased by 5.6%, benefiting from the "trade-in" policy, which generated over 31 billion in consumption [5] Foreign Trade Performance - Gansu's foreign trade saw a remarkable 49.4% increase, with exports of electric vehicles and photovoltaic products surging [6] - Shandong achieved a 5.9% growth in foreign trade, reaching a historical high for the same period [6] Policy Initiatives for Q2 - Various provinces are actively planning for Q2, focusing on boosting domestic demand through consumption initiatives and major project implementations [7] - Jiangxi and Shanghai are emphasizing the expansion of consumer markets and the promotion of new consumption models [7] Investment Focus - In 2025, policies are concentrated on infrastructure and industrial investment, alongside consumption upgrades, to strengthen economic growth momentum [8]
31省（自治区、直辖市）一季度经济“成绩单”出炉：经济大省表现突出 区域经济协调发展
Zheng Quan Ri Bao·2025-04-28 19:10