With the convening of the two sessions of Shandong Province, the government work reports of the 20 provinces in 2019 have all been released, and the economic development targets of the provinces in 2019 have been announced.
Among them, Tibet set a GDP target of about 10% this year, which is the highest in the country. Most provinces have lowered their GDP targets this year compared to last year, while Hainan and Hubei's GDP targets have risen against the trend. In 14 provinces, the GDP target is set to the interval value, which promotes the development of high quality into local focal points.
GDP targets of provinces, autonomous regions and municipalities in 2019. Zhongxin.com reporter Li Jinlei
Tibet’s GDP target for this year is the highest in the country.
Among the 31 provinces, autonomous regions and municipalities, Tibet's GDP growth target of 2019 is about 10%. This target is the same as last year's target, and it is also the only province in the country with a GDP target of double digits.
Tibet has set its goal to be emboldened. According to Tibet's 2019 government work report, it is estimated that the regional GDP in the region will exceed 140 billion yuan in 2018, an increase of about 10%. The GDP growth rate of around 10% is not only the highest in the country, but also the only province in the country with a double-digit GDP growth rate.
Guizhou's GDP growth target for 2019 is around 9%. Although the target has dropped from double digits last year to single digits, it is still the second highest in the country. The data shows that the GDP of Guizhou in 2018 was 1,480.645 billion yuan, an increase of 9.1% over the previous year.
Most provinces actively cut this year's GDP target
Under the situation that the internal and external environment is severe and complex, and the economy is facing downward pressure, the GDP target of most provinces in 2019 is lower than last year.
For example, in the top three provinces with total GDP in 2018, the total GDP of Guangdong and the second Jiangsu exceeded 9 trillion yuan, and the third GDP of Shandong reached 7.65 trillion yuan. The GDP targets of the three provinces in 2019 have been lowered.
Among them, Guangdong's GDP growth target in 2019 was adjusted to 6%-6.5% from last year's 7%; Jiangsu was adjusted to more than 6.5% from last year's 7% or more; Shandong was lowered from last year's 7% to 6.5%.
What is more special is Liaoning. Its government work report does not set a specific GDP growth target value. It only requires “keeping the economy in a reasonable range, and the regional GDP growth keeps pace with the countryâ€.
Hainan and Hubei GDP targets rise against the trend
The GDP target of Hainan and Hubei is raised against the trend. Among them, Hainan's 2019 GDP growth target was raised from 7% last year to 7%-7.5%.
However, Hainan's GDP growth rate in 2018 is below the expected target of 7%. Bao Hongwen, director of the Hainan Provincial Bureau of Statistics, said that this is a difficult process that Hainan’s economy must bear to reduce its dependence on real estate and is the result of active regulation. The impact of the real estate industry's active regulation and control policies on the economy will weaken in 2019. At the same time, the introduction of the headquarters economy will become a favorable factor for stimulating the economy. It is expected that Hainan's economic and social indicators will continue to improve in 2019.
Hubei raised its GDP growth target for 2019 from 7.5% in 2018 to 7.5%-8%. The bottom line for Hubei's GDP target is to improve from the local economic situation in 2018. The data shows that Hubei's GDP grew by 7.8% in 2018, which was 0.3 percentage points higher than the expected development target, which inhibited the unilateral decline for seven consecutive years.
14 provinces set GDP target as interval value
Setting the GDP growth target as the interval value is a significant feature of this year. Fourteen provinces including Beijing, Anhui, Fujian, Hubei, Henan, Hunan, Hainan, Shaanxi, Qinghai, Ningxia, Guangdong, Jiangxi, Shanghai, and Jilin set their GDP targets this year to the upper and lower limits.
For example, Beijing, Shanghai, and Guangdong have set GDP targets of 6%-6.5% this year. Fujian and Jiangxi have GDP targets of 8%-8.5% this year, and last year were around 8.5%.
Xu Hongcai, deputy chief economist of China International Economic Exchange Center, told the reporter of Zhongxin.com that there are “ceilings†and “floors†on the target, which are more scientific and flexible. As long as the economic growth rate is within the range, there is no breakthrough in the “ceiling†and no “floorâ€. We must maintain the relative stability, continuity and flexibility of the macro policy, and focus more on structural adjustment and deepening reform.
Promote high quality development into focal points around the world
While diluting GDP growth, local governments have generally focused on promoting high-quality economic development.
In the government work report, Guangdong proposed to speed up the preparation of the special plan for the construction of the Dawan District, and work with Hong Kong and Macao to build a world-class Bay Area and a world-class city group to create an important source of power for leading the nation's high-quality development.
Liaoning requires that we must unswervingly promote the high-quality development of the manufacturing industry, and make the real economy become more and more solid, and create a national-level demonstration zone with high-quality development of manufacturing. Guizhou requires that it fully promote the high-quality development of the economy, deepen the development of big data integration, and actively plan the layout and construction of 5G networks.
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