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GDP Growth at 6.2% YoY! Shandong’s Economy Sees Accelerated Recovery and Upturn in H1 2023

Source：The Seanews 07-21-2023 16:14:00

The Information Office of the People's Government of Shandong Province held a press conference on July 20. It announced that since this year, Shandong has adhered to the general keynote of pursuing progress while maintaining stability, highlighted various tasks such as stabilizing growth, employment and prices, and made every effort to strengthen confidence, stabilize the economy and promote development. The province's production supply continued to improve, market demand steadily expanded, and employment and price were generally stable, with an overall economic trend of accelerated recovery and rebound.

According to the unified accounting results of regional GDP, the province's GDP in the first half year was 4,412.5 billion yuan, up 6.2% year on year at comparable prices. Among them, the added value of the primary industry was 298 billion yuan, up 4.0 percent; that of the secondary industry was 1,725.7 billion yuan, up 6.5 percent; and that of the tertiary industry was 2,388.8 billion yuan, up 6.3 percent.