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Shandong’s economy Developing Steadily with Increasingly High Quality, with a Year-on-year Growth of 12.8% in the First Half of the Year

Source：The seanews 07-30-2021 14:35:00

The journalist learned from the press conference held by the Provincial Government Information Office today that according to the unified calculation of regional GDP, the province's GDP in the first half of the year was 3,890,635,000,000 yuan, a year-on-year growth of 12.8%, and an average growth of 6.1% in two years. "The economic and social development of the province has shown a good momentum of improving quality while maintaining stability," said Yu Chenghe, deputy secretary-general of the provincial government and spokesperson for the provincial government.

In the first half of the year, the added value of the primary industry was 265,344,000,000 yuan, a year-on-year growth of 7.4%, an average growth of 4.1% in two years; the added value of the secondary industry was 1,507,631,000,000 yuan, an growth of 11.8% year-on-year, and an average growth of 5.4% in two years; the added value of the tertiary industry 2,117,660,000,000 yuan, an growth of 14.2% year-on-year, and an average growth of 6.8% over the two years.

"In general, the province's economy continued to improve in the first half of the year." Yu Chenghe said, "The main indicators continue to improve. Both the year-on-year growth or a two-year average growth, the indicators of gross regional product, added value of industries above designated size, fixed asset investment, total retail sales of consumer goods, general public budget revenue, and foreign trade import and export are better than national average. "