Thread by @JiangJiang43

Based on the 2022 province #GDP numbers, today's piece offers a window into how several aspects of #China's #economic development have performed over the previous year, which could provide them an advantage in the post-#pandemic recovery. 🧵(1/12): gingerriver.com/p/top-dogs-rat…

1) South China’s Guangdong Province and east China’s Jiangsu Province still led the way, remaining as the only two major economic powerhouses with their gross domestic product (GDP) exceeding 10 trillion yuan (about 1.47 trillion U.S. dollars). (2/12)

Guangdong has ranked first for 34 consecutive years, while Jiangsu has come second for 30 years in a row. (3/12)

2) Among the top five, east #China’s Shandong Province, ranking third, attained the fastest GDP growth in real terms, giving it a bigger advantage over east China’s Zhejiang Province, which fell right behind. (4/12)

3) East China’s #Shanghai and northeast China’s Jilin Province had negative growth for the first time since reform and opening-up. #Beijing saw its growth rate fall below 1 percent (5/12)

4) #Shanghai, however, managed to turn the corner with great resilience. Its economy saw a strong rebound in the second half of 2022. That not only kept Shanghai at the top among the best-performing cities, but also gave it a bigger edge over #Beijing. (6/12)

5) #Anhui surpassed Shanghai & made to the top 10 for the 1st time. For the past dozen years, the province has wagered on high-tech sectors including new displays, integrated circuit, &new energy vehicles, completing an upgrade from traditional to emerging industries. (7/12)

6) The biggest change in #China's economic landscape in 2022 was a further narrowing of the gap between #south China and #north China. (8/12)

7) Driven by the once-in-a-century #pandemic, #geopolitical conflicts and global #inflation, the prices of coal, petroleum &other commodities skyrocketed. As a result, major #energy provinces that had long been plagued by outdated capacity became a hot spot in the new era. (9/12)

In Shanxi, the largest coal producer in China, GDP jumped 45.26 percent in nominal terms from 1.77 trillion yuan in 2020 to 2.56 trillion yuan in 2022, sending the province back into the top 20. (10/12)

8) Another trend in regional landscape in the past few years was that southwestern regions were catching up with northeastern regions. The policy of moving industries westward in the past years have given a huge boost to economic development in southwestern regions. (11/12)

9) For more details, check Ginger River Review (#GRR)'s post on provincial GDP figures in China (12/12) gingerriver.com/p/top-dogs-rat…