Core Insights - The economic competition between major provinces in China, particularly Guangdong and Jiangsu, is intensifying, with Jiangsu showing faster GDP growth compared to Guangdong [2][4][15] Economic Performance - In Q3 2025, Guangdong's GDP reached 10.52 trillion, while Jiangsu's was 10.28 trillion, with a narrowing gap of 2.37 billion [3][4] - Jiangsu's GDP growth rate was 3.6% nominally and 5.4% in real terms, while Guangdong's was 2.9% nominally and 4.1% in real terms [2][3] Industry Structure - The difference in growth rates is attributed to the industrial structures of the two provinces, with Guangdong focusing more on consumer-oriented (To C) industries and Jiangsu on business-oriented (To B) industries [5][7] - To C industries are more susceptible to market fluctuations, while To B industries tend to have more stable demand due to long-term business relationships [7][8] Real Estate Impact - The real estate sector has a more significant negative impact on Guangdong, with a projected decline of 18.2% in 2024 compared to Jiangsu's 10.3% [9][10] Fiscal and Economic Indicators - Guangdong leads in various economic indicators, including tax revenue, with 21,638 billion in 2023 compared to Jiangsu's 15,586.8 billion [10][13] - Guangdong has a higher number of listed companies and a greater total market capitalization compared to Jiangsu [13][14] Innovation and Research - Guangdong's tech innovation cluster, including Shenzhen, Hong Kong, and Guangzhou, ranks first globally, indicating strong technological transformation capabilities [12][14] - Jiangsu, however, has a higher research output compared to Guangdong, as indicated by the "2025 Natural Index" [12] Population and Public Spending - Guangdong has a larger population (127.8 million) compared to Jiangsu (85.26 million), but its per capita fiscal spending is lower, indicating potential challenges in public service provision [17][18] - The high influx of migrant workers in Guangdong adds pressure on public services, which may not be adequately addressed [18]
江苏增速为何比广东快？
3 6 Ke·2025-11-20 02:44