In the first three quarters of this year, Shanxi's GDP increased by 10.5 over the same period last year, and the growth rate was 0.7 percentage points higher than that of the whole country. Among the 31 provinces, autonomous regions and municipalities that have issued three quarterly economic reports, Shanxi's growth rate ranks fifth in the country, and its economy is maintaining an all-round recovery trend.
According to Yang Maolin, Dean of the Shanxi Academy of Social Sciences (Shanxi Provincial People's Government Development Research Center), in the first three quarters, Shanxi's main economic indicators were in line with the basic pattern of "high before and low after", but the downward trend cannot be ignored. There are still many unstable factors. Since the beginning of the third quarter, under the multiple impacts of the domestic epidemic and the flood situation in Shanxi, after scientific overall planning, Shanxi's economy has continued to maintain a stable recovery and development trend, and the main indicators have maintained rapid growth, laying a solid foundation for the completion of the annual target.

"Shanxi's rapid economic growth this year is based on a low base in 2020, resulting in a largely restorative growth this year; judging from Shanxi's two-year average GDP growth of 5.8, its growth rate is still 0.6 percentage points higher than that of the whole country." Dr. Wang Jiangong from the School of Economics of Shanxi University of Finance and Economics believes that the rapid economic growth of Shanxi this year is inseparable from the deployment of the Shanxi Provincial Party Committee and the Provincial Government in the past few years to vigorously promote industrial transformation and the implementation of various emerging industry projects. To the current gradual production and even large-scale mass production, these preliminary work has reached the payback period at this stage, which is the concentrated release of efforts in the past few years.

Based on the "double carbon" development

As a major energy province, Shanxi is committed to being a pioneer in the energy revolution and making every effort to ensure national energy security. "Since the beginning of this year, Shanxi's energy industry has maintained rapid growth. The current rapid recovery of the global economy, the demand for energy and raw materials has increased significantly, and the prices of major commodities have risen sharply, which is beneficial for stabilizing the fundamentals of Shanxi's industrial economic growth." Yang Maolin said so.

Li Yajie, the third-level chief staff member of the Operation Monitoring Service Department of the Shanxi Provincial Department of Industry and Information Technology, introduced that energy industries such as coal and electricity have also signed coal with 14 provinces, autonomous regions and municipalities on the basis of meeting the energy consumption of the province and driving the rapid growth of Shanxi's industry. The guarantee contract has effectively guaranteed the national energy demand.

"Shanxi as a comprehensive reform of the energy revolution pilot, green low-carbon transformation task is arduous." Yang Maolin emphasized that under the condition of ensuring the country's energy supply, Shanxi must strengthen its strategic positioning, actively promote "carbon peak, carbon neutrality", dual control of energy consumption, and classified disposal of "two highs" projects, and firmly promote industrial transformation and upgrading.

In particular, the coal industry should be based on the whole country, reasonably control the total amount, firmly hold the bottom line, vigorously promote intelligent green and safe mining and clean, efficient and deep utilization, actively lay out advanced continuous production capacity, speed up the intelligent transformation of coal mines, strictly control the growth of coal consumption, and promote coal consumption reduction and substitution in an orderly manner.

All-out fight for the fourth quarter

Looking forward to the fourth quarter, Shanxi's energy and raw material industries will continue to maintain steady growth, the development momentum of emerging industries will not weaken, and the fundamentals of rapid economic growth will not change.

Yang Maolin emphasized that, especially since September, the energy supply situation has been severe. As a major coal province, Shanxi has resolutely guaranteed the national energy supply, implemented a series of measures to stabilize coal supply, and signed coal supply contracts with many provinces, autonomous regions and municipalities. Promote the further increase in coal production in the fourth quarter, which will boost Shanxi's industrial economy in the short term and help maintain the stable growth of Shanxi's industrial economy.

"With the in-depth promotion of the 'double carbon' policy and the strict control of the 'two high' projects, the coking, metallurgy, electric power and other traditional industries in Shanxi Province are bound to be greatly affected in the fourth quarter and even longer in the future, and there is still great pressure to achieve the goal of total regional GDP." In this regard, Yang Maolin suggested that Shanxi needs to strengthen the adjustment of economic operation early, cultivate more new growth points, and ensure the smooth operation of the economy.

"The fourth quarter will maintain the existing trend, a slight correction." Wang Jiangong believes that due to the rapid increase in the prices of upstream products such as energy, minerals and raw materials, PPI has reached a new high for many years. The central government will increase its efforts in regulation and take targeted adjustment measures. Real estate regulation will also have an impact on fixed asset investment. Under the constraints of the international environment and national policies, the impact of double reduction constraints on industry is also more direct.

Wei Yongjie, deputy director of the Shanxi Provincial Bureau of Statistics, said that in the next step, Shanxi will make every effort to fight for the fourth quarter and strive to complete the annual goals and tasks.