Economic miracle! Suzhou surpasses Shanghai to become the largest industrial city in China

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 Economic miracle! Suzhou surpasses Shanghai to become the largest industrial city in China


From January to June 2020, Suzhou will achieve a total industrial output value of 1.55 trillion yuan, surpassing Shanghai by nearly 50 billion yuan in the same period, becoming the largest industrial city in China. Under the same downward trend of economy, the total industrial output value of Suzhou decreased by only 0.3%, and the growth rate was 6% higher than that of Shanghai. Therefore, the industry of Suzhou, a prefecture level city, has accelerated its Surpassing of Shanghai, a municipality directly under the central government.

Although the total industrial output of Suzhou exceeds that of Shanghai, there is still a long way to go in terms of industrial profits compared with Shanghai. Suzhou has a long way to go from a strong industrial city to a truly strong economic city.

For a long time, Suzhous trade with the United States, which is dominated by export-oriented economy, accounts for 2 / 3 of Jiangsus and 1 / 8 of Chinas. In 2019, Suzhous dependence on foreign trade is as high as 125.7%, and the total amount of foreign investment actually utilized has been hovering in the bottleneck period for many years. People interviewed by the 21st century economic report agreed that Suzhou must make changes at the critical time point when the total economic output will break through the 2 trillion yuan mark.

The development logic of industry first city

Suzhous industrial economy has 35 industrial categories, 167 medium-sized categories and 489 small categories, and 160000 industrial enterprises (including more than 400 projects of the worlds top 500), which is one of the cities with the most complete manufacturing system in China.

In 2019, Suzhou will achieve a total industrial output value of 3359.2 billion yuan, a record high, and two 100 billion level industries of rubber and plastic products will be added, and the citys 100 billion level industries will reach 11.

From the perspective of industrial economic ownership, in 2019, the output value of private industries exceeded 1.2 trillion yuan, a year-on-year increase of 4.1%, accounting for 36.7% of the industry above the designated size, while the total industrial output value of Foreign-funded Industries reached 2040.8 billion yuan, accounting for 60.8% of the industries above designated size.

According to the subdivision of industries above 100 billion level in Suzhou, the output value of electronic information industry exceeds 1 trillion yuan, that of general equipment manufacturing industry, electrical machinery and equipment manufacturing industry and iron and steel industry exceeds 200 billion yuan, and that of chemical industry, automobile manufacturing, special equipment manufacturing, textile, rubber and plastic products, metal products and chemical fiber manufacturing exceeds 100 billion yuan. Correspondingly, there were 4446 industrial enterprises with an output value of over 100 million yuan, an increase of 147 over the same period of the same period; 33 industrial enterprises with an output value of more than 10 billion yuan increased by 5 enterprises on a year-on-year basis.

This is just the appearance of Suzhous industrial economy. What really represents the industrial transformation of Suzhou is the development of biomedicine and medical equipment industry.

As early as more than 10 years ago, Suzhou has realized that although the total amount of industries relying on the international OEM mode is large, its contribution to the local economy and its long-term promotion are limited. For example, the international price of a brand mouse is about $40 per mouse, but Suzhou, as the largest manufacturing base, can only make a profit of $3 per mouse.

In this context, Chinas current lack of capacity, rigid demand, high profits, huge market and not affected by the industry cycle of biomedicine, has become one of the key industries of Suzhou industrial economic structure optimization.

From the beginning of layout to the end of 2019, the biomedical industry will grow by more than 20% annually. A spokesman for Suzhou industry and Information Technology Bureau told reporters of the 21st century economic report that, especially since the epidemic, it has increased by more than 600%, which proves the importance and accuracy of the selection in that year.

By the end of 2019, there will be more than 3000 biomedical enterprises in Suzhou, and the total economic volume will exceed 170 billion yuan. Among them, the output value of the pharmaceutical industry is about 145 billion yuan (including under the planning), which accounts for nearly 1 / 3 of Jiangsu Province and about 5% of the country.

For the cultivation of biomedical industry, Suzhou has learned the experience and lessons of industrial development since the reform, focusing on innovation, building a complete industrial chain, and completing supporting facilities in the fields of talents, scientific research and capital.

Wang Yongzhong, chief executive officer of Suqiao Biology (Suzhou) Co., Ltd., told reporters of the 21st century economic report that the development process of drugs is a very strict process, and the time is as long as 7-15 years. For scientists, the long process and lack of funds and sites are the biggest obstacles. At the beginning, Suzhou has realized the importance of pharmaceutical industry intermediate service providers in production, education and research, and can accelerate the transformation of scientific research achievements into products and commodities.

Suzhou pharmaceutical industry has developed a number of domestic leading key independent innovation enterprises, which are in the leading position in China in some subdivision fields. Taking the worlds popular PD - (L) 1 star anticancer drug as an example, there are 6 kinds of such drugs on the market in China, 3 of which are made in Suzhou (and 2 are imported). In the industrial chain, the chemical drugs, biological drugs, in vitro diagnosis, medical imaging, plant intervention equipment and medical materials have formed the characteristics of subdivided categories, of which the output value of drugs accounts for 70%.

The performance of each economic sector in the biomedical industry chain in Suzhou reflects the realization of the goal of regional economic balance in Suzhou. Previously, through the adjustment of administrative divisions in Suzhou, the total economic volume and land area between the urban area and counties (cities) have basically formed a 5:5 pattern, which has changed the inertia of each sector in the past because of its large economic aggregate.

The strategic emerging industries such as intelligent manufacturing, new display, integrated circuit, software and information technology, which represent the industrial transformation of Suzhou, have the same development ideas as the pharmaceutical industry. The spokesman said. In 2019, Suzhous strategic emerging industries will account for 53.9% of the total industrial output value above designated size.

Ownership reform behind industrial development

How does Suzhous outward oriented economy grow steadily and rapidly?

In a series of changes, first of all, we should steadily and cautiously replace the ownership by the whole people through collective ownership. Then, through the reform of collective enterprises, it was turned to private economy. At the same time, it was clear that foreign capital was also a part of ownership.

In terms of attracting and utilizing foreign capital, the south of Jiangsu, represented by Suzhou, has not only implemented the national and provincial policies, but also established a stronger foreign investment policy within the scope of urban overall planning. For example, policies implemented at the level of tax relief and land transfer are more favorable.

The park economy, represented by Suzhou Industrial Park, maximizes the benefits of land resources mastered by the government, and provides services such as approval and infrastructure, thus reducing the investment cost of enterprises. The arrival of a large number of foreign-funded enterprises has formed a clustering effect, which has shaped the processing trade of two ends outside, which is the biggest export-oriented economic advantage of Suzhou.

In order to adapt to the competition of advanced technology and management brought by foreign capital, a large number of state-owned enterprises in Suzhou have been reformed, reducing the proportion of state-owned economy. As mentioned above, private enterprises and foreign capital account for 97.5% of the total industrial output of Suzhou. At the same time, a large number of local enterprises have improved their production level and efficiency by introducing equipment, talents and technology, and have been embedded in the global value chain, meeting the requirements of foreign capital quality control and brand operation.

While clearly matching foreign investment with ownership reform, Suzhou is also aware of the overall upgrading of foreign investment policy, reducing tax and other aspects of profit, and guiding the high-quality development of foreign capital.

In the face of foreign-funded headquarters enterprises participating in the centralized management of cross-border foreign exchange funds and RMB funds, as well as tax related issues related to equity transfer of subsidiaries, tax period of equity income, and enrollment of children of foreign executives, Suzhou has carried out a lot of investment and reform, and established hospitals and schools for foreigners.

Double edged sword of foreign capital

In recent years, the benefits of foreign capital double-edged sword are more and more significant. In the adjustment of Suzhous economic structure, how to avoid the path dependence and risk problems brought by foreign investment, and turn the advantage of foreign capital into endogenous advantage?

From January to may 2020, Suzhous actual use of foreign capital was 5.905 billion US dollars, an increase of 157.5% over the same period of last year. There is no doubt that the goal of utilizing foreign capital for the whole year will be achieved. But on the whole, the industrial structure problems brought by the dominant foreign investment are also very obvious.

Liu Zhibiao pointed out to the reporter of the 21st century economic report that the dual phenomenon of industrial structure and economic main structure in Suzhou is relatively serious. A large number of foreign capital is currently engaged in the end of the production chain, and the matching with local enterprises is not sufficient, and the correlation between industries is weak, so that the role of foreign capital in optimizing and upgrading local industries is relatively limited. Therefore, the industrial upgrading of Suzhou has not As fast as expected.

After going through the stage of transferring agriculture to industry and turning from internal to external, Suzhou has entered the stage of investment into innovation, that is, according to the requirements of transformation and upgrading and high-quality development, Suzhou has transformed the investment driven economy into innovation driven economy. This needs to rely on the strength of science and technology to greatly enhance the ability of independent innovation, and also need to stimulate technological innovation through the capital market, in order to end the adverse situation of excessive transfer of local resources to foreign investment in the early stage.

Zhang Yuanpeng, a researcher at Jiangsu Academy of Social Sciences, told reporters of the 21st century economic report that Suzhou must get rid of the past development stage of foreign capital as the main body, accelerate independent innovation, import substitution and foreign investment substitution, form a new pattern of dual cycle development, and create an open economy with high quality development.

Substitution of foreign capital is not substitution of foreign capital. Zhang Yuanpeng explained that foreign capital can be transformed into domestic capital through acquisition. But if the local enterprises do not develop, this strategy may fail, and will face the problem of hollowing out after the foreign capital moves abroad. Therefore, after the acquisition, it is necessary to reallocate and integrate the production factor resources of foreign capital, form complementary with the resources of domestic enterprises, and strengthen the international competitiveness of enterprises.

The reporter learned in the interview that the industrial chain of Hengli Group and Shenghong group, which are headquartered in Suzhou, has been basically improved in terms of their acquisition and new projects in recent years. Henglis ethylene project greatly reduces Chinas dependence on imports of high-end chemical raw materials such as ethylene glycol and polyolefin, providing an important guarantee for national energy security. Shenghongs advanced functional fiber innovation center covers the head R & D and enterprise resources in the chemical fiber field, forming a innovation collaboration platform covering the complete industrial chain, involving many links of upstream and downstream.

For a long time, Suzhous enterprises and products are mainly intermediates. Therefore, there are not many enterprises that are familiar to ordinary consumers. The popularity of enterprises and products is separated. But in recent years, some representative enterprises are slowly moving towards the terminal, and this effect will be highlighted in the next stage of development. Xu Tianshu, a researcher at the urban development think tank of Suzhou University of science and technology, told reporters.

(author: Wang Haiping, editor: Li Bo)

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Its time for Suzhou to turn Kunshan into a district

Suzhou has not adjusted its regional planning since Wujiang was removed from the city in 2012.

In July this year, Haimen city of Nantong was abolished and Haimen district was established. The counties under the jurisdiction of Nantong ranked first in terms of GDP. Before that, Nantong had removed Tongzhou City, which ranked first in GDP, into districts. The economic strength of Nantong urban area has been greatly enhanced by the twice withdrawal of the city and the establishment of districts. The population increment has also increased rapidly, and the available land area has also been greatly expanded.

City without county (city) is the best development state of a region.

In the 1990s, Wuhan became a county free city. Nanjing of the same province also marched forward to regionalization in 2013.

Thats just one reason.

Shanghais subway has been built to Kunshan, and the pace of Shanghais expansion is far from stopping. Kunshan is the countrys first powerful County, so it is not ruled out that the situation has changed.

Basically, Suzhou should move quickly to remove Kunshan from the city and set up districts. This will not only enlarge the urban area, but also prevent the Swan from flying into the arms of other people!

GDP of 23 provinces: Guangdong and Jiangsu continue to take the lead, and Guizhou ranks first in terms of GDP growth

Source: time finance

Chen Yao, vice president and Secretary General of the China Regional Economic Association, pointed out that the recovery of the south is better than that of the north, and that of the west is better than that of the Middle East.

As of October 23, 23 provinces have released their economic report cards for the third quarter.

According to time financial statistics, 20 of the 23 provinces that have announced economic growth have achieved positive growth. Among them, the year-on-year growth rate of 19 provinces was higher than the national level of 0.7%, and the GDP of 7 provinces including Guangdong and Shandong turned from negative to positive in the third quarter.

Yunnan, Guizhou, Sichuan and Chongqing are the four places with relatively high growth rate in the current three quarters, and the provinces in North China and Northeast China are relatively low. This pattern is roughly the same as the growth pattern before the epidemic. Chen Yao said.

Photo source: Liang shiting of times Finance

The gap between Guangdong and Jiangsu is narrowing

In terms of total amount, Guangdong and Jiangsu continue to lead the national economy with an economic aggregate of more than 7 trillion yuan, but there is an obvious trend that the growth momentum of Jiangsu is obviously better than that of Guangdong since this year. In the first three quarters, the total economic gap between the two provinces was 458.827 billion yuan, which was narrowing compared with the same period last year.

According to the official data, Guangdongs GDP increased by 0.7% in the first three quarters on a year-on-year basis, and leapfrogged on the basis of a year-on-year decline of 2.5% in the first half of the year.

Anhui Province, which is also located in the Yangtze River Delta, also achieved 2.5% growth. Zhejiangs economic growth rate was 3.4 trillion yuan in the first quarter, while Zhejiangs economic growth rate was 3.4 trillion yuan in the first quarter.

Chen Hongyu, an adviser to the Guangdong provincial government and a professor of the Party School of the provincial Party committee, told Time Finance on the 23rd that since last year and this year, Guangdong enterprises have faced the greatest difficulties and challenges in the context of a serious contraction in international trade and a continuous downturn in the foreign economy. However, judging from the current achievements, Guangdongs economy has a solid foundation and can withstand.

Among them, exports decreased by 1.5% to 3.08 trillion yuan, with a decrease of 7.0 percentage points compared with the first half of the year, and imports of 2.00 trillion yuan, with a decrease of 1.6% and a decrease of 3.4%.

According to the data released by the customs, Guangdongs general trade has achieved positive growth in the first three quarters, new foreign trade formats have grown rapidly, and the structure of trade patterns has been further optimized. In the first three quarters, Guangdongs general trade import and export reached 2.62 trillion yuan, an increase of 2.8%, accounting for 51.6% of Guangdongs total foreign trade value, an increase of 2.3 percentage points over the same period last year. Over the same period, the import and export of processing trade was 1.37 trillion yuan, down 18.7%; bonded logistics was 812.39 billion yuan, an increase of 12.4%.

On the other hand, as an open economy province, Jiangsus import and export value in the first three quarters increased by 0.8% year on year, and the foreign trade realized from negative to positive. Among them, the export was 196519 billion yuan, down 1.8%, the decline rate was 1% narrower than that in January August; the import was 1259.85 billion yuan, an increase of 5.2%, and the growth rate was 1.3 percentage points higher than that of January August

However, on the whole, Jiangsus total import and export volume of 3.2 trillion yuan still lags behind that of Guangdong.

Chen Yao believes that Guangdongs dependence on foreign trade is relatively high. Jiangsus economic export-oriented degree is not as good as Guangdongs, and its economic growth is still dominated by internal sources. Therefore, it performs relatively well in the process of economic recovery and is not affected by too much external influence.

However, in the first three quarters, the performance of Guangdongs economy is not lack of bright spots. Chen Hongyu pointed out that Guangdongs performance in fixed asset investment is relatively outstanding.

Data show that Guangdongs fixed asset investment in the first three quarters increased by 5.0% year-on-year, 4.9 percentage points higher than that in the first half of the year. Investment in high-tech manufacturing industry increased by 4.3%, an increase of 4.6 percentage points over the first half of the year. Investment in pharmaceutical manufacturing, aerospace and equipment manufacturing, and computer and office equipment manufacturing increased by 70.2%, 47.4% and 31.7% respectively.

Chen Hongyu predicted that in the future, Guangdongs fixed asset investment will maintain a certain proportion of growth, but it should not stand alone. More investment should be made in innovation, for the adjustment of industrial structure, so as to lay a foundation for the future.

The rise of the western region, the central region is slightly gloomy

Time finance and economics found that in the top 10 GDP growth in the first three quarters, the western provinces occupied six seats. Among them, Guizhous GDP growth rate reached 3.5% in the first three quarters, achieving the fastest growth rate in China.

In the first three quarters, the added value of industries above Designated Size in Guizhou Province increased by 2.7% over the same period of last year, and the growth rate was 1.3 percentage points faster than that in the first half of the year. Among the 19 key monitoring industries, 12 industries achieved positive growth.

It is worth noting that the foreign trade import and export situation of the western provinces in the first three quarters of this year is also outstanding. Statistics show that the total import and export volume of Guizhou in the first three quarters increased by 22.0% year on year. Sichuan ranked first in China with a growth rate of 22.7%, and Chongqings import and export growth also reached 11.4%.

According to the plan of Guizhou Provincial Department of Commerce, the number of China Europe trains in Guizhou Province will be about 107 by 2020. However, at present, the scale of Guizhous foreign trade is still small, reaching only 38.512 billion yuan, less than 10% of Sichuans. If Guizhou wants to develop outward oriented economy, it still needs to make up for many shortcomings.

In this regard, relevant people from the operation Department of Guizhou guitie logistics company have told the media that there is a lack of high value-added products among the goods exported from Guizhou to Europe, so most enterprises in Guizhou Province choose sea rail combined transport mode with lower logistics cost. How to make use of the opportunity of China Europe train, give full play to Guizhous industrial advantages and build an export-oriented economy has become a problem that Guizhou needs to solve.

On the other hand, the Times financial analysis found that the economic growth of Hubei and Inner Mongolia provinces had not yet recovered in the first three quarters.

Statistics show that Hubeis GDP in the first three quarters fell by 10.9% year-on-year, 8.9% lower than that in the first half of the year. From the economic data, the added value of industries above Designated Size in Hubei Province decreased by 11.3% in the first three quarters, and the decline rate was 9.5 percentage points lower than that in the first half of the year.

In addition, in the first three quarters, Hubei Province also recorded a significant decline in investment and consumption. According to the data, from January to September, investment in fixed assets (excluding farmers) in Hubei Province decreased by 33.9%, a decrease of 22.3 percentage points compared with the first half of the year, while the total retail sales of social consumer goods decreased by 27.4%, 6.7 percentage points lower than that in the first half of the year.

Chen Yao pointed out that in recent years, the growth of industry and investment in Central China has been good, but compared with the previous performance, it has not shown a strong recovery trend. The central region, such as Hubei and Henan, is the transportation hub of the country, and the raw material supply, product export and logistics industry occupy a relatively large position in the economy. At present, the supply chain impact caused by the epidemic has not been fully recovered.

At the same time, Inner Mongolias GDP in the first three quarters still fell by 1.9% year-on-year, and the slow economic recovery in the northern region since this year also reflects the impact of overcapacity in the region in recent years. The northern cities are still in the adjustment period of overcapacity, coupled with the impact of the epidemic, the economy has not yet recovered in place. Chen Yao said.

Source: time finance editor: Liang Li

(function(){( window.slotbydup=window .slotbydup||[]).push({id:u5811557,container:ssp_ 5811557, async:true }Source: 21st century economic report author: Wang Haiping, editor in charge: Wu Jinming_ NB17976