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Leading the Way in Equipment Manufacturing, Shandong's Emerging Market Is on the Rise

Source：Haibao News 04-29-2025 09:00:00

Shandong Province reported a GDP of RMB 2.3466 trillion in the first quarter, marking a 6.0% year-on-year increase, outperforming both the national average and expectations.

During the quarter, the equipment manufacturing sector, as a core industrial driver, saw its added value increase by 13.9%. Through policy incentives, technological innovation, and industrial collaboration, Shandong has solidified equipment manufacturing as a "powerful engine" for economic growth, with the added value of high-tech manufacturing enterprises above designated size rising by 13.3%. The surge of new technologies has driven rapid industrial development, with production of industrial robots and optoelectronic devices jumping by 76.2% and 25.4%, respectively. Shandong is steadily advancing its industrial transformation, securing a competitive edge in manufacturing.

This year, Shandong remains steadfast in advancing industrial economy as a top priority, formulating an annual action plan with reinforced measures to underscore a clear, unified focus on strengthening industrial development. The accelerated pace of industrial transformation and upgrading, as well as the rapid cultivation of new quality productive forces, is injecting fresh momentum into the province's economic growth.