What about the "potential" outside the "form"? Three Questions on the "Half Year Report" of Guangdong Economy

2023-07-25

Not long ago, the first domestically produced HA grade heavy-duty gas turbine was shipped from Hebei and successfully delivered to Guangdong. With this new equipment, Guangdong will build the first natural gas hydrogen dual fuel 9HA power plant in mainland China by the end of this year. This may be an easily overlooked piece of news. However, it has attracted great attention from industry insiders and economists, who coincidentally believe that the joining of new heavy gas turbines will meet the demand of Guangdong–Hong Kong–Macao Greater Bay Area for safe and efficient power production, and add an important driving force to Guangdong's industrial development. To develop new industries, Guangdong needs empowerment. Guangdong itself is also one of the important driving forces for maintaining national economic growth. Guangdong, whose GDP has accounted for over 10% of the country's total for many consecutive years, still has a lot of attention waiting and focusing on the "semi annual report card" of Guangdong, the "largest province in the national economy", even though the national economic operation data for the first half of the year has been released. As early as the beginning of this year, Guangdong also proposed to contribute to the national stability through its own "progress", and proposed anchoring an economic growth target of over 5% in the 2023 government work report. Recently, Guangdong officially released economic data for the first half of the year. How is the quality of this semi annual report? Has Guangdong stabilized its position in the face of the complex external environment? In the face of new growth pressures, can Guangdong continue to stand up and make further progress in the middle current? What about "potential" beyond "form"? Economic data is not only a reflection of economic and social development over a period of time, but also an outlook for the economic "situation" over a longer period of time. Let's look at it from the perspective of "shape" first. In the first half of the year, Gross regional product reached 6290.98 billion yuan, a growth rate of 5%. Compared to the national growth rate, it is 0.5 percentage points slower; Looking at the growth rate of 5.5% or above in major economic provinces across the country, it is not considered high; Compared to itself: At the beginning of this year, the Guangdong Provincial Government's work report proposed a full year target of 5% or more, which seems to be "average" and not surprising. Many people make a judgment based on this: the role of "Weather vane" in Guangdong, the largest province in economy, has weakened, and the economic data in the first half of the year is insignificant. However, looking at data in isolation often leads to overlooking more important information. To see the moon through the clouds, it is necessary to analyze the "potential" hidden behind the data. On the day of the data release, Yang Xinhong, Director of the Guangdong Provincial Bureau of Statistics, briefly expressed his overall evaluation of the "Half Year Report" to reporters during the economic situation analysis meeting. From the past five years, Guangdong's GDP has grown at an average annual rate of 5%, and continuing to maintain a growth rate of 5% in the first half of the year is indeed not surprising. But looking back at the 2% growth rate in Guangdong in 2022, the 5% growth rate in the first half of this year is particularly precious, further highlighting the comprehensive recovery of economic growth. From a more mesoscopic perspective, the word "comprehensive" can be more strongly confirmed: in the first half of the year, the added value of the Primary sector of the economy was 227.095 billion yuan, up 4.6%; The added value of the Secondary sector of the economy was 2466.144 billion yuan, up 3.7%; The added value of the Tertiary sector of the economy was 3597.741 billion yuan, up

Edit:XiaoWanNing    Responsible editor:YingLing

Source:CCTV NEWS

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