Economic Overview - As of October 30, 30 provinces in China have reported their economic performance for the first three quarters, with Guangdong and Jiangsu both surpassing 10 trillion yuan in GDP for the first time [1][2] - The national GDP reached 101.5 trillion yuan, growing by 5.2% year-on-year, indicating a stable economic development amidst pressures [2][3] Provincial Performance - Guangdong's GDP for the first three quarters was 10.52 trillion yuan, while Jiangsu's was 10.28 trillion yuan, marking significant milestones for both provinces [2] - Shandong and Zhejiang also showed strong growth, with GDPs of 7.71 trillion yuan and 6.85 trillion yuan, and year-on-year growth rates of 5.6% and 5.7% respectively [2] - Shandong is projected to join the 10 trillion yuan GDP club by the end of the year, reflecting a shift towards a more balanced regional economic structure [2][3] Industrial Growth - New industries, new business models, and new patterns have rapidly developed, becoming key drivers of economic growth [4] - The profit of industrial enterprises above designated size increased by 3.2% year-on-year, with significant contributions from the equipment manufacturing and high-tech manufacturing sectors [4] - In several provinces, the contribution rate of equipment manufacturing to industrial growth exceeded 70%, highlighting its central role in the economy [4] High-Tech and Digital Economy - The core industries of the digital economy have emerged as new engines of growth, with significant increases in manufacturing value added in sectors like artificial intelligence and information technology services [5] - For instance, Zhejiang's digital economy core industries saw an 11.6% increase in manufacturing value added, while Beijing's information technology services grew by 11.2% [5] - The rapid development of high-tech manufacturing is attributed to technological innovation and policy guidance [4][5] Regional and Urban-Rural Development - The data indicates a more balanced development between regions and urban-rural areas, with a notable acceleration in the development of new productive forces across the country [6] - Rural residents' disposable income growth outpaced that of urban residents in many provinces, reflecting a narrowing income gap [6] - The number of domestic trips taken by rural residents increased by 25% year-on-year, indicating their role as both suppliers and consumers in the economy [6] Future Outlook - The focus for China's economic advancement towards 2025 lies in combining short-term stability with long-term structural reforms and high-quality development [7] - Ensuring precise macroeconomic policies and fostering a synergistic transition between old and new growth drivers will be crucial for sustained economic progress [7]
多省份GDP冲击万亿新关口 地方经济“新”意盎然
Zheng Quan Shi Bao·2025-10-30 19:23