Economic Overview - Zhengzhou, as the capital of Henan Province and a national central city, has maintained the highest GDP in the province for the past decade, with a GDP of 13,617.8 billion in 2023, which is double that of the second-ranked city [8][10] - The GDP proportion of Zhengzhou in Henan Province increased from 19.3% in 2013 to 23.0% in 2023, indicating a strengthening support for provincial economic development [8][10] - In 2023, Zhengzhou's economic growth rate reached 7.4%, recovering to 2019 levels, and in the first half of 2024, it further exceeded the national and provincial averages with a growth rate of 5.3% [8][10] Fiscal Situation - In 2023, Zhengzhou's general public budget revenue increased by 3.1% year-on-year to 1,165.8 billion, ranking first in Henan Province [10] - Tax revenue accounted for 67.5% of the total budget revenue, with a self-sufficiency rate of 76.72%, indicating a stable and robust fiscal structure [10] Economic Structure and Advantageous Industries - Zhengzhou's economic structure has gradually optimized, with the ratio of primary, secondary, and tertiary industries adjusted to 1.3:39.5:59.3 in 2023 [12][13] - The city has formed six major leading industrial clusters: electronic information, automotive and equipment manufacturing, modern food manufacturing, new materials, aluminum processing products, and biomedicine, with a 14.1% increase in added value in 2023 [19][28] Key Industrial Chains and Development Planning - Zhengzhou has identified 13 key industrial chains for development, including intelligent terminal, aluminum processing, hydrogen fuel cell, artificial intelligence, and automotive manufacturing [22][24] - The city aims to cultivate 6-7 industrial clusters with a scale of 100 billion by 2025 and to establish a complete industrial chain ecosystem [22][24] Emerging Industries Layout - The emerging industries in Zhengzhou focus on enhancing existing advantages and developing high-end, green technologies, particularly in biomedicine, new energy, and digital economy [21][28] - The new energy-related industries are primarily located in the northern districts, while biomedicine is concentrated in New Zheng City and Central District [21][28] Summary - Zhengzhou's economic resilience and growth potential are supported by a robust fiscal structure and a diversified industrial base, with strategic planning aimed at enhancing its competitive edge in key industries and emerging sectors [3][10][22]
河南研究：郑州市经济及产业发展分析
Zhongyuan Securities·2024-10-09 12:04