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Shandong's Robust Economic Growth: Impressive Data, Deeper Engagement from Leading Enterprises

Source：Haibao News 04-01-2026 11:36:01

In March 2026, Shandong's economy thrived across multiple fronts, with vitality evident in four key dimensions—solid economic data, strategic moves by leading enterprises, project construction, and infrastructure and foreign trade. In the first two months of the year, the province's imports and exports grew by 9.9%. The sales revenue from the province's "Top Ten Industries" and manufacturing rose by 9.1% and 7.6% respectively. Electrical machinery and electronic information manufacturing posted growth rates exceeding 18%. Leading enterprises accelerated their strategic deployments. Wanhua Chemical Group launched green electricity industrial parks in two places, with orders for its lithium iron phosphate projects already booked three years out. Sunwoda's lithium battery recycling project went into operation, contributing to a concentration of 130 lithium battery enterprises in Zaozhuang and the milestone of increasing the province's lithium battery output value to more than 120 billion yuan. Shandong Port Group saw encouraging progress in projects such as marine engineering equipment, with orders extending to 2028. The agricultural machinery industry expanded globally in a systematic manner, with Weichai Lovol securing over 30% of the export market share. High-speed rail projects such as the Xiong'an–Shangqiu and Jinan–Binzhou lines accelerated construction. Yantai advanced its development of new energy sources, including nuclear and wind power. This reflects how infrastructure development in both transportation and energy is driving regional growth.