GDP of 27 provinces in the first quarter： Jiangxi led the growth rate, and the major energy provinces continued to recover.

　　As of press time, except for Liaoning, Jilin, Xinjiang and Tibet, other provinces have published economic data for the first quarter of this year. Jiangxi, Hubei, Fujian and Guizhou rank among the top four in the national economic growth rate with 6.9%, 6.7%, 6.7% and 6.6% respectively.

　　On the whole, the economic operation of most provinces achieved a smooth start in the first quarter, but since March, the impact of frequent outbreaks on the economy has increased, which has become the current challenge.

　　The epidemic situation has obvious impact.

　　On April 25th, Jiangsu, Zhejiang and Gansu released the first quarter economic data. So far, 27 provinces in China have released the first quarter economic data. Among the 27 provinces, only 5 provinces are lower than the national average economic growth level (4.8%), namely Henan, Jiangsu, Guangdong, Shanghai and Tianjin, which increased by 4.7%, 4.6%, 3.3%, 3.1% and 0.1% respectively.

　　The frequent occurrence of epidemic situation is an important factor affecting the economic situation in the first quarter. Yi Xiaoguang, president of Chongqing Comprehensive Economic Research Institute, told CBN that the forecast of the economic situation at the beginning of this year emphasized triple pressures, and then there were changes in the situation in Russia and Ukraine and repeated epidemics, all of which had a certain impact on the economy.

　　The above-mentioned provinces whose economic growth rate in the first quarter was lower than the national growth level all suffered the impact of the epidemic in the first quarter. Even if some areas successfully controlled the epidemic in a short time, their data also showed the obvious impact of the epidemic on the economy.

　　Zeng Junlin, chief economist of Sichuan Provincial Bureau of Statistics, said at the economic data conference in the first quarter of Sichuan Province that the epidemic with many spots, wide areas and frequent occurrences had the greatest impact on the service industry, which directly led to the service industry’s recovery being less than expected.

　　Chengdu, the capital of Sichuan Province, suffered two rounds of epidemic shocks in the first quarter, which is reflected in the data: Sichuan’s GDP increased by 5.3% in the first quarter, and the total retail sales of social consumer goods was 591.7 billion yuan, up by 5.1% year-on-year; In the first quarter, Chengdu’s GDP increased by 5.0%, and the total retail sales of social consumer goods reached 228.01 billion yuan, a year-on-year increase of 3.1%.

　　Zeng Junlin said that the growth rate of Sichuan’s service industry in the first quarter was 4.8%, which was lower than the GDP growth rate, significantly lower than the average level of the previous two years by 2.1 percentage points, and far lower than the level before the epidemic in 2019 by 3.2 percentage points. The volume of service industry is increasing, accounting for more than half of GDP. Therefore, the impact of service industry on the whole economy is also very obvious.

　　Not only that, but the epidemic also affected areas dominated by tourism consumption.

　　In 2021, Hainan ranked second in the country with a GDP growth rate of 11.2%, second only to Hubei (12.9%), with an average two-year growth rate of 7.3% compared with 2019, ranking first in the country. Under the national strategic opportunity, Hainan began to rise. However, although Hainan’s economy started smoothly in the first quarter of this year, the ranking of growth rate declined, ranking fifth in the country with a growth rate of 6%.

　　Wang Yu, deputy director of the Hainan Provincial Bureau of Statistics, said that the sudden epidemic did have a certain impact on the economic operation of Hainan Province, mainly affecting the consumer market in March.

　　In the first quarter, Hainan’s investment in fixed assets increased by 16.3%, faster than the average growth rate of 7.5 percentage points in the same period of last year; The industrial added value increased by 7.6%, faster than the average growth rate of 4.7 percentage points in the same period of last year. From January to February, the total retail sales of social consumer goods in Hainan increased by 16.7% year-on-year, but in March, due to the epidemic affecting the tourism and consumer markets, the growth rate of total retail sales of social consumer goods dropped to 4.8%.

　　Lin Jingyun, director of the Trade and Economic Department of Hainan Provincial Bureau of Statistics, said that in March, Hainan was affected by the local epidemic, the number of tourists decreased significantly, residents’ travel and consumption were limited, and the total retail sales of social consumer goods decreased by 17.8% year-on-year; The tax exemption for outlying islands and the tourism consumption market were hit to a certain extent, and the retail sales of goods in March decreased by 21.6% year-on-year.

　　However, the sustained recovery of major energy provinces since last year is offsetting the impact of the epidemic.

　　The GDP of Shanxi, a major coal province, increased by 6.5% in the first quarter, ranking first in the country. Among them, Shanxi’s industrial production is growing well. In the first quarter, the added value of industrial enterprises above designated size increased by 11.0%, exceeding the national level by 4.5 percentage points. From the perspective of coal and non-coal, the coal industry increased by 11.4% and the non-coal industry increased by 10.6%.

　　Although Xi ‘an was affected by the epidemic, Shaanxi’s GDP increased by 5.1% in the first quarter. In the first quarter, the added value of industrial enterprises above designated size in Shaanxi Province increased by 9.1% year-on-year. Among the three categories, mining and manufacturing increased by 11.8% and 9.6% respectively. Among them, the coal mining and washing industry increased by 15.2%.

　　Need to speed up the bail-out

　　Among the 27 provinces, Jiangxi leads the country with a growth rate of 6.9%.

　　The data shows that in the first quarter, the investment in fixed assets in Jiangxi Province increased by 15.6% year-on-year, which was 6.3 percentage points higher than the national average. The total retail sales of social consumer goods was 290.73 billion yuan, up 8.9% year-on-year, 5.6 percentage points higher than the national average; The total import and export value of goods trade was 139.39 billion yuan, up 29.0% year-on-year, 18.3 percentage points higher than the national average.

　　Investment, consumption and export are the three troikas driving economic growth. These three data in Jiangxi are more eye-catching, especially the growth rate of total retail sales of social consumer goods. Because of the epidemic, the growth rate of this indicator in most provinces is lower than 5%, and some even lower than 3%.

　　Xiao Zhiying, deputy director of the Anhui Provincial Bureau of Statistics, said that the impact of the recent epidemic on raw material supply and logistics was gradually transmitted to the production end, and the consumption of contact and aggregation services was also restricted. Accommodation, catering, cultural tourism, transportation and other industries faced certain difficulties. From the economic data in March, the growth rate of some industry indicators slowed down and the downward pressure on the economy increased.

　　On April 11th, Wang Yongxin, deputy director of Chengdu Development and Reform Commission, said at the press conference that the imported cases from outside the province since March 30th spread quickly, the intergenerational time was short, the number of stops, people involved and merchants affected was more than that of the "2.20 epidemic", and the operating pressure of market participants was further highlighted. It is urgent to introduce new policies and measures to help enterprises and benefit enterprises, support market participants to cope with the impact, tide over difficulties together and ensure stable economic operation.

　　Therefore, the Chengdu Municipal Government issued the Policy and Measures to Support the Healthy Development of Market Subjects and Promote Stable Economic Growth. This document supports the healthy development of market players from many aspects, such as reducing production and operation costs and strengthening factor protection.

　　In addition, the contribution rate of consumption in GDP growth has increased significantly, and the impact of the decline in consumption growth on the economy has been expanding.

　　Yi Xiaoguang said that consumption needs scenes. Although it can be consumed online, some real-life scenes are necessary. Therefore, it is necessary to strike a balance between epidemic prevention and control and normal work and life, and to prevent and control it more scientifically. In addition, the policy should also focus on how to enhance consumption capacity, guide good expectations, make residents willing to spend, dare to spend, and achieve the goal of promoting consumption.

　　At present, all localities are promoting the recovery and promotion of consumption in an orderly manner. On April 21st, the executive meeting of Chengdu Municipal Government proposed to promote the rebound of aggregate consumption in an orderly manner, guide cultural and tourism enterprises to innovate tourism products, promote the recovery of wholesale and retail, accommodation, catering, trade and exhibition and other service industries under the premise of strictly implementing epidemic prevention and control measures, and actively carry out a new round of consumer vouchers promotion activities.

　　Zeng Junlin also said that more measures should be taken to promote consumption. We will fully implement the policies and measures of the central and provincial committees on promoting consumption, optimize the consumption environment, expand consumption momentum and activate consumer demand. At the same time, accurately help stabilize production. We will do a good job in ensuring the supply and stable prices of bulk commodities and core components, help advantageous industries and key enterprises to ensure stable production, speed up the construction of major projects, and promote the steady recovery of life and contact service industries.

　　Xinhua News Agency reported on April 25th that the General Office of the State Council recently issued "Opinions on Further Releasing Consumption Potential and Promoting Sustainable Recovery of Consumption" (hereinafter referred to as "Opinions"), pointing out that consumption is the final demand, the key link and an important engine to smooth the domestic cycle, which has a lasting driving force for the economy and is related to safeguarding and improving people’s livelihood.

　　According to the requirements of combining goal orientation with problem orientation, short-term support and medium-and long-term promotion, the Opinions put forward 20 key measures in five aspects. Including coping with the impact of the epidemic and promoting the orderly recovery and development of consumption; Comprehensively innovate and improve quality, and strive to stabilize the basic consumption disk; Improve the support system and continuously enhance the comprehensive ability of consumption development; Continue to deepen reform and make every effort to create a safe, secure and honest consumption environment; Strengthen safeguard measures and further consolidate the foundation of high-quality development of consumption.