The 2025 provincial and local meetings were held one after another. As of January 21, the 2025 GDP targets of 31 provinces (autonomous regions and municipalities) have been released.
Sanlihe noticed that the target of most provinces is no less than 5%, among which Tibet is "more than 7%, and strives to reach 8%, which is the highest in the country.
Hainan, Inner Mongolia, Hubei, Chongqing and Xinjiang are anchored by 6%, the difference is that Hainan is more than 6%, and the rest of the provinces are about 6%.
Video: China has numbers｜31 provinces have released GDP targets for 2025 Source: Sanlihe
From the perspective of major economic provinces, the top three are all anchored by 5%. Among them, Guangdong is about 5%, and Jiangsu and Shandong are more than 5%.
These three provinces have made new breakthroughs last year, and Guangdong's GDP has reached a new level of 14 trillion yuan, ranking first in the country for 36 consecutive years. Jiangsu's GDP reached 13.7 trillion yuan, an increase of 5.8%, the first in the country in terms of growth; Shandong's GDP reached 9.86 trillion yuan, an increase of 5.7% year-on-year, just one step away from becoming the third 10 trillion province in the country. The expected national economic growth target was successfully achieved last year, and the large and powerful economic province made an indelible contribution.
Luo Zhiheng, chief economist and director of the research institute of Guangdong Securities, told Sanlihe that the GDP goals of Guangdong, Jiangsu, Zhejiang and Shandong provinces have basically remained unchanged, reflecting the responsibility of economic provinces to take the lead. Faced with uncertainty in foreign demand and the transition period of real estate adjustment and transformation, the top four economic provinces still maintained the growth target of 5% or more, which is due to the continued efforts of more active fiscal policies in 2025, the policy of promoting the suspension of decline and stabilization of real estate, and the continuous concentration of high-quality development momentum, which is conducive to enhancing the radiation and driving role of advantageous regions and driving the national economic market to recover and improve.
When setting goals, many places such as Beijing, Fujian, and Anhui have put forward the requirements to strive for better results. Jumping up and picking peaches is also intended to stimulate one's own potential.
The goal has been set, how to achieve it?
The Central Economic Work Conference emphasized that we should support economic provinces to take the lead and encourage other regions to adapt to local conditions and show their strengths. Sanlihe believes that the deployment of the New Year in various places can be observed from three dimensions.
Expanding domestic demand
"Vigorally boost consumption, improve investment efficiency, and expand domestic demand in all aspects" is the top priority of China's economic work this year. All localities have made key arrangements for this and strive to form a virtuous cycle of mutual promotion of consumption and investment.
Beijing has made it clear that it will carry out special actions to boost consumption. The total investment in promoting major projects to private capital shall not be less than 200 billion yuan.
Shanghai proposed to step up efforts to expand the implementation of the "two new" actions and organize major consumption promotion activities such as the "May 5 Shopping Festival", "Shanghai Summer" International Consumption Season, Shanghai Tourism Festival, and International Light and Film Festival. Promote the construction of major projects and complete an investment of 240 billion yuan throughout the year.
Catch projects
Sanlihe noticed that at the beginning of the new year, all localities have begun to focus on projects in order to make a good start for the whole year's economy.
The first meeting of Jiangsu New Year continues to focus on the construction of major projects, and the government work report proposes to accelerate the construction of 500 provincial major projects and 200 key industrial projects of private investment.
The Zhejiang Government Work Report proposes to arrange more than 1,000 major projects and complete annual investment of more than 1 trillion yuan. Sichuan recently announced the list of key projects in Sichuan Province in 2025, and is expected to complete an investment of 791.65 billion yuan in 2025.
Promote innovation
To achieve new development of the economy, we must constantly stimulate new momentum. All localities have taken measures to accelerate the development of new quality productivity and adapt to local conditions.
Beijing has made it clear that it will focus on developing and strengthening high-end industries, strive to build an important engine for new quality productivity, focus on cultivating 20 future industries such as humanoid robots, commercial aerospace, biomanufacturing, new materials, and future energy, and establish the World Humanoid Robot Games.
Guangdong proposes to vigorously develop emerging industries such as integrated circuits, new energy vehicles, artificial intelligence, low-altitude economy, new displays, new energy storage, new materials, and biomedicine, and cultivate future industries such as biomanufacturing, quantum technology, embodied intelligence, and 6G.
Overall, the setting of goals in various places takes into account both needs and possibilities. Economic provinces continue to take the lead. In the new year, various regions will take further steps, and the national economic market will be more stable.
("Sanlihe" Studio)
