GDP scale: the advantages of the leading provinces are consolidated. The proportion of the East and the middle increased slightly, the proportion of the Northeast continued to decline, and the proportion of the West was basically the same as that of the previous year. Among them, Guangdong in the East is firmly in the top position, followed by Jiangsu, Shandong and Zhejiang. Driven by exports, the scale and proportion of GDP have increased significantly. Shanxi in Central China benefited from rising energy prices and changed the downward trend. Hubei, which was most seriously affected by the epidemic, regained its vitality, while Henan continued to be depressed under the impact of the epidemic and flood.
Per capita GDP: the East continues to lead the country, and the qualitative change in the middle accelerates. The per capita GDP in the East exceeded 100000 yuan for the first time, which has reached the high-income national standard as a whole, and has a significant pulling effect on the national per capita GDP. The four provinces in Central China have crossed the mark of US $1.1 million per capita GDP and achieved significant qualitative changes.
GDP growth: strong in the East and weak in the west, and the growth rate of Hubei and Hainan leads the country. The four major economic sectors show a development trend of "strengthened advantages in the East, significant rise in the middle, slow down in the West and continuous decline in the northeast". In terms of provinces, the growth rate of Hubei ranks first in China; The construction bonus of Hainan free trade port was released, and the average growth rate in two years led the country historically; The growth rate of many eastern provinces is also particularly bright compared with previous years.
Distribution of economic strength: there are no underdeveloped regions in the East and central China. The types of economic strength of eight provinces have changed, among which Hubei, Shanxi, Sichuan and Inner Mongolia have achieved qualitative changes in economic scale, while Hebei, Anhui, Shaanxi and Guizhou have achieved qualitative changes in economic development. The only underdeveloped provinces left are Guangxi, Heilongjiang and Gansu. Following the central region, the eastern region has also achieved no underdeveloped provinces in the whole region.
Industrial structure: weakening of epidemic disturbance and convergence of regional differentiation. The proportion and contribution rate of the primary industry both fell, and gradually returned to the normalization level before the epidemic. The proportion of the secondary industry has increased significantly. Under the superposition of high-end manufacturing and export driving effects, many eastern provinces have shown a strong momentum of "large volume and rapid growth", and Beijing has the fastest growth rate in China. In addition, under the commodity price market, the proportion of the secondary industry in resource-based provinces such as Shanxi and Inner Mongolia has increased the most. Although the proportion of the tertiary industry has declined slightly, it still plays a significant role in driving the economic growth of all regions, especially the development momentum of the service industry in Hainan. From the perspective of the overall distribution of the epidemic in 2020, the three regions have made a significant contribution to the convergence rate. The strengthening of the tertiary industry is still the main factor in the kinetic energy upgrading of most provinces, and the pillar role of the secondary industry is still solid.
Business development: (this part is deleted. If China Merchants Bank Co.Ltd(600036) departments need the original report, please contact China Merchants Bank Co.Ltd(600036) Research Institute at the end of the text)