首页            中科视点 |产业视点 | 区域视点 | 国际视点 | 专题视野 | 中国经济 | 全球经济 | 国际贸易 | 中国贸易 | 热点下载
 當前網頁繁簡切換
英文视点 | Global News | China News | District News | Market News | Economy       英文網站 | 繁體網站
中科纵横官方微信 
搜索:通过此功能可以快速搜索本站内容.
关键字
您当前位置: 首页 >> 英文视点 >> News >> News
GDP growth in 24 regions beats national average
时间:2012-10-30

A total of 24 provinces, autonomous regions and municipalities across China have delivered economic growth above the national average in the first three quarters, while growth in coastal regions ramped up in the third quarter, according to local government data.

North China's Tianjin led the nation with 13.9 percent year-on-year GDP growth in the first three quarters, while Guangdong, the country's economic powerhouse, posted 7.9 percent year-on-year growth.

In the first three quarters, China's economy grew 7.7 percent, the lowest in the past three years. National figures are not necessarily a compilation of local data.

But an improvement for coastal regions' GDP figures suggests the country's growth decline might be stabilizing, as eastern provinces are regarded to be the most sensitive to economic fluctuations.

Among the 11 regions that saw more spirited economic activity in the third quarter, seven are coastal areas. Guangdong's GDP growth in the first three quarters was 0.5 of a percentage point higher than that recorded for the first half of the year, while Zhejiang's growth in the first three quarters was 0.3 of a percentage point higher than in the first half.

Li Wei, an economist at Standard Chartered Bank in Shanghai, said the acceleration in the eastern provinces' growth is "restorative" as it had generally been declining since the middle of 2011.

Li attributed the growth to the slow recovery of the US economy and a batch of local government stimulus packages.

"But the positive effects of the massive investment stimulus package introduced by the central government in 2009 are fading, while its negative effects are surfacing, which is taking its toll on central and western China," Li said.

He added that the current economic slowdown is mostly cyclical rather than structural, as the absence of massive investment schemes and a global economic malaise, rather than weakening domestic demand, were the major contributory factors.

Domestic consumption contributed to 55 percent of GDP growth in the first three quarters, which was the first time it had contributed to growth more than investment.

But Ha Jiming, vice-chairman and chief investment strategist of Goldman Sach's investment management division for China, said in a recent interview that structural factors, such as rising labor costs, accounted for 40 percent of the current slowdown.

"If structural factors, rather than cyclical ones, are the major causes, a large stimulus plan from the government would be of little help," Ha said.

打印】【关闭
上一篇:
China’s Import & Export in July 2012
下一篇:
6 trillion yuan invested in agriculture
网站推荐:
 国家信息中心 国务院发展研究中心 中国社会科学院 中国发改委 中国科学院 中国海关 国家统计局
关于我们 | 联系我们 | 订购流程 | 付款方式 | 免责声明 | 友情链接| 诚聘英才
Copyright:北京中科纵横信息技术研究院 All Rights Reserved
电话:010-84675230 传真:010-84673367 邮箱:service@zkreport.org

北京中科纵横信息技术研究院

京ICP备09112509号-2

京公网安备 11010502032533号