城市24小时 | 增速倒数 能源大省再提“转型”

Economic Data Overview - As of now, 30 provinces in China have released their GDP data for the first three quarters, with only Tibet not reporting [1] - 19 provinces outperformed the national average GDP growth rate of 5.2%, with Gansu leading at 6.1% and Fujian matching the national rate [1] - 10 provinces lagged behind the national average, with Qinghai, Hainan, and Shanxi having the lowest growth rates at 3.7%, 3.9%, and 4.0% respectively [1] Shanxi Province Economic Performance - Shanxi's GDP growth remains weak, with a mere 1.8% growth in the same period last year, ranking it at the bottom nationally [4] - The province's GDP growth for the first three quarters of this year is reported at 4.0%, which is an increase of 0.2 percentage points from the first half of the year [4] - The industrial sector, particularly the secondary industry, is a significant drag on growth, with a reported increase of 3.5% in value added for the secondary industry [4] Coal Industry Impact - Shanxi, being a major energy province, has over 30% of its GDP and 50% of its fiscal revenue coming from the coal industry, making its economy highly sensitive to coal market fluctuations [5] - From January to September, the coal mining and washing industry saw a 20% decline in revenue and a 51% drop in total profits, despite a 13% decrease in operating costs [5] - The value added of the coal industry in Shanxi grew by 5.6% in the first three quarters, but this represents a decline of 1.5 percentage points from the first half of the year [5] Transition and Development Initiatives - Shanxi has been recognized as a national pilot for energy revolution reforms since 2019, focusing on transitioning from coal to smarter and higher-value products, including investments in wind, solar, and hydrogen energy [6] - The province's government emphasized the need for a robust transition strategy, highlighting the challenges of insufficient technological innovation and the small scale of emerging industries [6] - Notable growth in emerging sectors includes a 6.9% increase in the value added of equipment manufacturing, with renewable energy equipment manufacturing growing by 160% [6] - Investments in high-tech services, new energy vehicles, and renewable energy generation have also seen significant increases of 13.2%, 36.5%, and 26.4% respectively [6]