The 2020 economic report cards of various regions have been announced one after another. As of January 26, with the exception of Hebei and Xinjiang, the remaining 29 provinces, autonomous regions and municipalities have all announced 2020 GDP data.
From the perspective of total GDP, many places have jumped to a new level. Guangdong has exceeded 11 trillion yuan and Jiangsu has exceeded 10 trillion yuan. From the perspective of GDP growth, Tibet is one of the best, leading the country with a growth rate of 7.8%.

“Guangdong” and “Jiangsu” take a new step

From the perspective of economic aggregates, Guangdong is still the leader and holds the top position. The data shows that the GDP of Guangdong Province in 2020 will be 11,0760.94 billion yuan, a year-on-year increase of 2.3%.
This is the first time that Guangdong’s GDP has exceeded the 11 trillion yuan mark, and it has ranked first in the country for 32 consecutive years. According to media reports, according to World Bank data, Guangdong’s GDP has surpassed the total economic output of Russia and South Korea in 2019, and is closely behind Canada.
Jiangsu ranked second. “Su Daqiang” has a GDP of 10.27 trillion yuan in 2020, breaking through the 10 trillion yuan mark for the first time, an increase of 3.7% over the previous year and 1.4% higher than the national average.
The total GDP of Jiangsu is about 800 billion yuan less than that of Guangdong. However, Wu Zhenglong, the governor of Jiangsu Province, stated a set of figures in his government work report on the 26th: Jiangsu’s per capita GDP reached 125,000 yuan, ranking first among all provinces (regions) in the country. .
From the perspective of residents’ per capita disposable income, Jiangsu’s per capita disposable income of residents in 2020 is 43,390 yuan, higher than Guangdong’s 41,029 yuan. Data show that the permanent population of Guangdong at the end of 2019 was 115.21 million, while the permanent population of Jiangsu at the end of 2019 was 80.70 million.
In 2020, “Su Daqiang” will also harvest Nantong, a new trillion-yuan GDP city. So far, Jiangsu has four “trillion-club” cities: Suzhou, Nanjing, Wuxi, and Nantong.
Shandong ranks third. Statistics show that Shandong will realize a GDP of 7312.90 billion yuan in 2020, an increase of 3.6% over the previous year at comparable prices.

Tibet’s GDP growth rate leads the country, and Hubei has not turned positive

According to data from the National Bureau of Statistics, preliminary calculations show that the GDP for 2020 will be 101,5986 billion yuan, breaking through 100 trillion yuan for the first time, which is an increase of 2.3% over the previous year at comparable prices.
From the perspective of GDP growth rate, among these 29 provinces, autonomous regions and municipalities, 18 provinces, autonomous regions and municipalities have a GDP growth rate that exceeds the national growth rate in 2020, and Guangdong’s GDP growth rate is the same as that of the entire country.
Among them, Tibet’s annual GDP in 2020 is 190.274 billion yuan, which is an increase of 7.8% over the previous year at comparable prices. This growth rate leads the country.
Guizhou’s GDP growth rate in 2020 will reach 4.5%, and Yunnan’s GDP growth rate will be 4% in 2020, which is among the highest in the country.
The GDP growth rate of Hubei Province in 2020 has not yet turned positive. The data shows that the GDP of Hubei Province in 2020 is 4,344.346 billion yuan, which is 5.0% lower than the previous year at comparable prices, and the rate of decline narrowed by 34.2 percentage points from the first quarter.
As the province hardest hit by the epidemic, the economy of Hubei Province “pressed to pause” in the first quarter, “restarted and resumed” in the second quarter, and “speeded up the overall recovery” in the second half of the year. According to the Hubei Provincial Bureau of Statistics, Hubei has withstood the huge impact of the 76-day suspension. The epidemic impacted the province’s GDP by 39.2%, 19.3%, and 10.4% in the next quarter, the first half of the year, and the first three quarters. The rate of decline narrowed to 5.0%, basically close to the level of the same period last year.

6 cities are promoted to GDP “trillion club”

From the perspective of the total GDP of cities, 2020 is a special year. This year has ushered in a major expansion of the “Trillion Club”, and 6 cities have already joined the GDP “Trillion Club”.
Among them, the GDP of Hefei City in Anhui Province will reach 1004.572 billion yuan in 2020, the GDP of Xi’an City in Shaanxi Province will reach 1002.039 billion yuan in 2020, the GDP of Fuzhou City in Fujian Province will reach 1002.02 billion yuan in 2020, and the GDP of Quanzhou City in Fujian Province will be 1015.866 billion yuan in 2020. The 2020 GDP of Nantong City in the province will reach 100.63 billion yuan, and the GDP of Jinan City in Shandong Province will reach 1.014.09 billion yuan in 2020, both of which are the first time to break through the trillion yuan mark.
With the addition of these six cities, China has 23 cities with a GDP exceeding one trillion yuan.
In chronological order, Shanghai’s GDP was the first to exceed one trillion in 2006, Beijing’s GDP exceeded one trillion in 2008, Guangzhou’s GDP exceeded one trillion in 2010, and in 2011 the GDP of four cities such as Shenzhen, Tianjin, Suzhou and Chongqing exceeded one trillion, and in 2014 The GDP of Wuhan and Chengdu exceeded one trillion yuan, the GDP of Hangzhou exceeded one trillion yuan in 2015, the GDP of Nanjing and Qingdao exceeded one trillion yuan in 2016, the GDP of Wuxi and Changsha exceeded one trillion yuan in 2017, and the GDP of Ningbo and Zhengzhou exceeded one trillion yuan in 2019. The total GDP of Foshan has exceeded one trillion yuan, and Hefei, Xi’an, Fuzhou, Quanzhou, Nantong and Jinan will exceed one trillion yuan in 2020.