Media: Winning GDP by Income Growth is not a simple arithmetic problem

 Media: Winning GDP by Income Growth is not a simple arithmetic problem

Some people lack a sense of livelihood and economic data, and think that the GDP data, even larger, will be diluted according to the denominator average of 1.4 billion people. As for disposable income per capita, some people also do not catch a cold, and think that the average number of cakes is more like painted cakes that can not be eaten. In fact, the data of the national wealth (GDP) and the average peoples wealth (disposable income) reflect the fact that because of the unbalanced and insufficient development, it is difficult to meet the peoples growing needs for a better life. This reflects the dialectics of macro-economy and micro-peoples livelihood, as well as the dialectics of economic data indicators and development quality.

As GDP statistics become more and more scientific, the data of the national wealth (GDP) and the peoples wealth (disposable income per capita) have practical significance, and form the same frequency resonance with the peoples sense of attainment and happiness. When per capita income growth outpaces GDP growth, peoples livelihood will have more sense of gain and happiness.

In the first half of this year, Chinas economy still gave a 6.3% report card. Among the worlds largest countries, Chinas economic growth is still in the key leading position, and still in the middle and high-speed growth zone. With Chinas GDP at a high level, the medium-high growth rate means that Chinas rich are still growing steadily. Of course, it is not easy for per capita disposable income growth to outpace GDP growth in this situation.

Two other indicators deserve attention. First, in the first half of the year, the real growth rate of per capita disposable income in Shanghai, Beijing, Tianjin, Shandong, Chongqing, Shaanxi, Qinghai and other 12 provinces exceeded the local GDP growth rate. Among them, the real growth rate of per capita disposable income in Qinghai was 3.8 percentage points higher than GDP, and the real growth rate of per capita disposable income in Shaanxi was 1.6 percentage points higher than GDP. Point. Eight of the 12 provinces belong to the central and Western regions, which not only develop faster, but also outperform the local GDP in per capita disposable income. The central and western regions have achieved quantitative growth in both provincial and civilian wealth, which means that the central and western regions are making up for the shortcomings of unbalanced regional development and gradually solving the problem of insufficient unbalanced development.

Second, in the first half of the year, the per capita disposable income of residents in Shanghai, Beijing, Zhejiang, Tianjin, Jiangsu and other nine provinces exceeded the average level of 15294 yuan. In the eastern coastal areas of the nine provinces, the per capita disposable income exceeds the national average, but these areas are also facing the bottleneck of high-quality development. Especially under the circumstances of the new technological revolution, how to realize the transformation and upgrading of new and old kinetic energy and industrial transformation is the most urgent realistic mission of these areas and how to break through. Breaking the middle-income trap has tested the wisdom of these provinces.

Taking Guangdong and Jiangsu as examples, one has a GDP of more than 10 trillion yuan and the other more than 90 trillion yuan, but the two provinces have not run past the growth rate of GDP in terms of per capita disposable income, and the per capita disposable income ranks only in the fifth or sixth place, with only more than 20,000 yuan per capita. However, the gap between Shandong, the third largest economic province, and Guangdong and Soviet provinces is widening, and Shandong has great pressure on the transformation of old and new kinetic energy, which has a long way to go.

Therefore, it is a complex dialectic rather than a simple arithmetic problem that the per capita disposable income growth outpaces GDP growth. To understand its deep meaning, we should not only make horizontal and vertical comparisons at the national level, but also make subregional analysis and make comparisons with our own past. In any case, Chinas rich people, provincial and national are all advancing at the same time. In terms of economic growth and per capita disposable income growth, the first-mover advantage areas will shift from high-speed growth to high-quality development, while the latter-mover advantage areas will face great opportunities of simultaneous development of quality.

Source: Beijing Youth Daily Author: Zhang Jingwei, Responsible Editor: Chengyu_NBJ11143