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Under the standardization of epidemic prevention and control and the increasingly complex domestic and international environment, the economy of Hangzhou City showed a stable and positive trend in the first three quarters. According to the results of the unified calculation of regional GDP, the city’s GDP in the first three quarters was 1.156.7 billion yuan, an increase of 3.2% year-on-year at comparable prices.
From the perspective of segmented data, the digital economy, industry, service industry, foreign trade and other fields have contributed to the economic recovery. From a city-wide perspective, the growing industry is increasing, the supply-demand ratio is improving, the emerging momentum is active, and the economy is showing a stable trend. A good development trend lays a solid foundation for creating an important window and showing off your goose style.
Electronic information and artificial intelligence strive
Digital economy leads growth, key industries are strong
The digital economy is an important indicator to test the development of Hangzhou’s economy, and it is also an important driving force for Hangzhou’s economic train. In the first three quarters, the added value of the core industries of the city’s digital economy was 295.2 billion yuan, an increase of 11.5%, and the growth rate was 1 percentage point higher than that of the first semester of the year, which represents 25.5% of GDP. Among related industries, the electronic information products manufacturing industry grew 12.6%; the artificial intelligence industry grew 10%.
Not so long ago, the second China (Hangzhou) International Smart Products Expo and the 2020 Global Artificial Intelligence Conference were held in Hangzhou, aiming to continuously promote the deep integration of the Internet, big data, artificial intelligence and the real economy, and continue to strengthen the digital economy and manufacturing. The “dual engines” for high-quality development of the industry will help Hangzhou build a mountain for the development of the artificial intelligence industry. It is believed that in the near future, the digital economy represented by artificial intelligence will continue to optimize the industrial ecology of Hangzhou’s high-quality economic development.
High-tech industries and emerging strategic industries are dazzling
The city’s industry continues to recover and growth momentum continues to increase
The harsh power of Hangzhou’s development embodied by industry is the drag on Hangzhou’s economic development.
In the first three quarters, the city’s regulated industries obtained an added value of 257.5 billion yuan, an increase of 2.5%, an increase of 2.4 percentage points from the first half of the year. Among the main industrial sectors, 81.1% of the growth of the regulated value added of the industry recovered from the first half of the year and 48.6% of the industries achieved positive growth. The value added of high-tech industries, equipment manufacturing and strategic emerging industries increased by 7.1%, 9.5% and 8.4%, respectively, and the growth rate was higher than that of regulated industries . From January to August, the total profit of regulated industrial enterprises was 70.2 billion yuan, an increase of 5.3%, an increase of 4.1 percentage points over the first half of the year.
In addition, investment in the city’s high-tech industry has achieved rapid growth According to the data, in the first three quarters, investment in the city’s high-tech industry increased by 21.9% and industrial investment by 3.2%.
Consumption recovery, retail improvement
The service industry is steadily recovering and the modern service industry is gaining momentum
With the improvement of the epidemic prevention and control situation and the continuous release of consumer demand during the holidays, the drop in the added value of the city’s service industry has continued to decline.
In the first three quarters, the added value of the city’s service industry increased 4.6%, an increase of 1.4 percentage points over the first half of the year. Among them, the added value of modern service industries, such as information transmission software, information technology services industry, and financial industry, increased by 11.3% and 10.5%, respectively, an increase of 0.6 and 0.7 percentage points compared to the first half of the year; the added value of the wholesale and retail industry decreased by 3.9% in the first half of the year. It increased by 0.8%; The value added of the transportation, warehousing, mail and lodging and catering industries decreased by 4.9% and 14.4%, respectively, and the rate of decline decreased by 4.9 and 7.1 percentage points from the first semester of the year.
As for the traditional retail format, the situation continues to improve and the rate of decline is slowing. In the first three quarters, the city’s total consumer goods retail sales were 420.4 billion yuan, a decrease of 5.2%, and the rate of decline decreased by 1.6 percentage points from the first half of the year. From the perspective of consumer formats, the retail of goods was 354.5 billion yuan, down 3.2%, and the catering revenue was 65.9 billion yuan, down 14 , 3% less, and the rate of decrease was 0.8 and 6.2 percentage points lower than in the first half of the year. Sales of commodities in traditional retail formats have steadily improved Retail sales of the four large shopping centers and ten large supermarkets have fallen 4.5%, a decrease of 2.9 percentage points compared to the first half of the year.
Imports are recovering, exports are better than expected
The role of foreign trade in driving economic development has increased
As a troika, foreign trade is an important driving force for economic development. In the process of continuing to build a national and international dual cycle, import data has started to recover and the export situation is better than expected.
In the first three quarters, the city’s import and export of goods was 434.9 billion yuan, an increase of 7.3%, an increase of 4.7 percentage points during the first half of the year. Among them, imports were 167.8 billion yuan, an increase of 18.1%, and exports were 267.1 billion yuan, an increase of 1.5%, down 8.6 and 2.6 percentage points, respectively. , during the first half of the year. From January to August, the export of high-tech products was better than the whole, increasing by 7.4%, the export of mechanical and electrical products increased by 0.2% and the export of labor-intensive products fell by 2.5%.
“In the first three quarters, positive factors in the city’s economic operation have gradually increased and the recovery momentum has continued to build, but the global epidemic situation is not optimistic.” The relevant person in charge of the Hangzhou Bureau of Statistics said the city’s economic recovery remains uneven and some industries are in line with normal conditions. There is still a large gap in the level, so it is necessary to continue implementing the policies of “six guarantees” and “six stability”, actively respond to internal and external risks and challenges, continue to consolidate the good momentum of stability and recovery economic and strive to fully complete the “13th Five-Year Plan” and high standards The goal of a well-off society in a holistic way will lay a solid foundation for high-quality development during the XIV Five-Year Plan. (Reporter Ao Yuhua, Correspondent Chen Xiaoguo and Leiyu)
(Original title: Emerging momentum is active and the economic situation is stable and improving by 3.2%! City GDP data for the first three quarters released)
Publisher: Song Yue First Test: Zhang Ling
Second Test: Gu Tingting Third Test: Ma Jiang
