The latest data released by Shandong Statistical Bureau shows that from January to May, Shandong sustained a sound momentum of economic growth since the second quarter of last year. The economic recovery momentum continued to consolidate, production accelerated in expansion, demand steadily improved, market vitality enhanced. More importantly, the power structure continued to optimize, the development quality and efficiency were significantly improved, and the stable and higher quality growth continued to consolidate.

From a series of data, the economy of the province continued to recover from January to May, with the internal strength enhanced and the steady and positive momentum consolidated. From the perspective of industry, 39 of 41 industrial sectors have achieved growth, with a growth of 95.1%; of the 120 industrial products that are under key control, 92 kinds of production have achieved growth, with a growth rate of 76.7%, maintaining a high level. From the perspective of service industry, 10 sectors of the industry have achieved a significant growth, with a year-on-year growth rate of more than 25%; of the 32 major sectors, 31 have achieved growth, with a growth of 96.9%.

The dynamic structure continued to optimize. From January to May, the proportion of investment in industrial technological transformation to all industrial investment is 58.4%, the added value of high-tech manufacturing industry increased by 25.6% year-on-year, the added value of high-end equipment manufacturing industry increased by 27.8%, the economic investment in "four new aspects" increased by 17.0% year-on-year, accounting for 48.7% of the total investment, and the new driver cultivation comprehensively accelerated; the quality and efficiency of development have been significantly enhanced, and the enterprise benefits are accelerated in improvement. From January to April, the industrial profit of enterprises above the designated scale reached RMB 182.93 billion, an increase of 159.1% year-on-year, and the profit of service industry above the designated scale reached RMB 13.23 billion, an increase of 221.7% year-on-year, which supported the sustained strengthening of market confidence.

The fundamental transformation of the development of the province from "quantity" to "quality" and from "shape" to "potential" is not easy to achieve. Looking back on the way, we should be more confident and determined; looking forward to the road ahead, we should make unremitting efforts to break through; the transformation and development are just in the critical period of "steeper road while climbing to half of a mountain", which calls for more accurate and effective measures in a bid to continuously consolidate and expand the positive momentum. As the next step, we should adhere to the new development concept as the guide, deal with normalized prevention and control of the epidemic properly, strengthen the efforts in "six stability" (stability in employment, finance, foreign trade, foreign investment, investment and expectation) and "six guarantees" (guarantees in residents' employment, basic people's livelihood, market players, food and energy security, stability of industrial chain and supply chain, grass-roots operation), focus on the difficulties, pain points and jamming points, attach importance to the key points, strengthen areas of weakness, takes firm steps to push ahead with the transition from old to new drivers of growth, firmly uphold the bottom line of safety development, and strive to promote high-quality development.