Looking at the industrial economic situation in our province two months ago, it was generally stable, but it was alarming: Compared with the same period of last year, the growth rate of the province's industrial added value was still higher than that of the whole country, but it fell 6.6 percentage points, 5.1 percentage points lower than the national average; The drop rate is obviously higher than the national average and the neighboring provinces; the growth rate drops to the 20th in the country and the 5th in the middle.
After breaking the practice of analysis after the end of the first quarter, on the 16th, the provincial government held an analysis meeting of the province's industrial economic situation, and timely judged the general trend and responded.
Three drops, one liter, downward pressure remains huge
Ouyang Wankun, director of the Provincial Economic and Credit Committee, frankly stated that there are no shortages of bright colors in the industrial economy, but they still face tremendous downward pressure.
Hubei is a major automobile province. In the first two months, Dongfeng Commercial Vehicle Co., Ltd. reduced production by 10.2% year-on-year, directly affecting Shiyan Industrial Development in Checheng. Affected by the Indian automobile market, the three-ring group's export delivery value in the first two months dropped by as much as 44.2%.
Ouyang Wankun analyzed that the current industry is facing a severe situation of “three drops and one liter†and needs close attention.
Production growth fell back above expectations. In the first two months, the growth rate of the industrial sector failed to continue the trend of “previous-high-low-low†in the previous year and fell to the next lowest point in 10 years, only 0.5 percentage points higher than the same period in 2009.
The growth rate of industrial electricity consumption dropped year-on-year. In the first two months, industrial electricity consumption only increased by 0.01%, and half of the industry's electricity consumption declined. Since March, the main network has seen negative growth in electricity consumption.
The growth of industrial investment has obviously declined. In the first two months, the province’s industrial investment completed 43.15 billion yuan, an increase of 19.8%, a year-on-year decrease of 34.6 percentage points.
The production and operating costs have increased. The cost of financing, employment, and land use remained high. Brent crude oil prices continued for more than 100 US dollars per barrel for six months, while imported iron ore prices rose to US$145 per ton.
Stepping up the transformation and structural adjustment to accelerate the pace
With the weakening international market and the intensified competition in the domestic market, the eastern region began to transform and upgrade and began to taste the sweetness. In the first two months, the industrial growth rate in the eastern region increased by 2.1 percentage points year-on-year, while the growth rate in the central industry slowed by 7.1 percentage points.
The analysis of the decline in the growth rate of Hubei's industry is, on the surface, a change in the market environment. However, in essence, it is still unfavorable for the industrial structure and the competitiveness of the product. In the final analysis, the transformation and upgrading are lagging behind.
Some companies open up new roads. In January, Wuhan Aidi Group announced the opening of the Taobao flagship store. Benefiting from e-commerce, the company's domestic trade sales increased by 20% over the same period of last year to nearly 300 million yuan; foreign export delivery value increased by 15% over the same period last year, and order volume increased by 60%. Company director Hu Aijun said that these orders can make the production line full production until September.
Export product structure accelerates optimization. E-businesses were strongly driven. In the first two months, the province’s export delivery value was 21.09 billion yuan, an increase of 22.%, which was 15 percentage points higher than the national average. TPV, Foxconn, and Tianma Microelectronics exports increased by 1.4, 1 and 46% respectively.
Succeeded in the production of key projects
Reversing the decline in industrial growth requires a strong growth momentum.
Fortunately, a large number of key projects will enter the peak period of production and increase the potential for industrial economic growth.
Shao Weimin, deputy mayor of Wuhan City, introduced that the city's new production project is expected to add 47 billion yuan in output value throughout the year, of which 70% concentrated in the second half. The two largest growth points in the year - the second phase of the Wuhan Petrochemical Refinery and the 800,000-ton ethylene project will be officially put into production at the end of May and the end of June respectively.
Xiangyang also brings good news: Under the dual effects of policy boosting and market favorability, the new energy automobile industry grew by 72.7% year-on-year, and the electronic information industry increased by 39.8% year-on-year.
Yichang is full of confidence: 1,130 industrial enterprises above designated size have achieved a net increase of 120 over the end of the previous year. The four major industries of chemical industry, food and beverage, equipment manufacturing, and new materials are making efforts to strive for achieving the goal of 100 billion in all three years...
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