Shandong announced that the GDP of the "report card" of economic development in the first three quarters of 2021 exceeded the "6 trillion" mark

The Shandong Provincial People's Government held a press conference on the 25th to announce the economic and social operation of the province in the first three quarters of 2021. Photo by Li Mingrui

Jinan, October 25 (China News Network) -- In the first three quarters of this year, Shandong's economic and social development steadily improved. According to the results of the unified accounting of regional GDP, in the first three quarters, the province's GDP was 6,043.92 billion yuan (RMB, the same below), calculated at comparable prices, an increase of 9.9% year-on-year, higher than the national average.

The Shandong Provincial People's Government held a press conference on the 25th to announce the economic and social operation of the province in the first three quarters of 2021. According to Lu Wanming, deputy director of the Shandong Provincial Bureau of Statistics, the province's economic operation in the first three quarters continued the stable recovery, structural optimization, and quality and efficiency improvement since the second half of last year, and the growth of major macro indicators was in line with expectations, and the average level of the two years was still at a high level. "Regional gross domestic product (GDP) increased by 9.9% year-on-year, with an average growth rate of 5.8% in two years, which is 0.1 and 0.6 percentage points higher than that of the whole country, respectively."

Wang Zhenjun, deputy secretary-general of the Shandong Provincial People's Government, said that since the beginning of this year, the province has made overall plans for epidemic prevention and control and economic and social development, accelerated breakthroughs in the conversion of new and old kinetic energy, adjusted and optimized the economic structure, made positive progress in high-quality development, and quickly entered the normal development track of economic operation.

Wang Zhenjun said that in the first three quarters, agricultural production continued to improve, animal husbandry developed steadily, pig production capacity continued to be released, the total output value of agriculture, forestry, animal husbandry and fishery was 785.14 billion yuan, calculated at comparable prices, an increase of 9.2% year-on-year, an average growth of 5.5% in two years; industrial production remained stable, and the added value of industries above designated size increased by 11.6% year-on-year and an average growth of 7.2% in two years; the service industry steadily recovered, and the service industry above designated size achieved operating income of 712.96 billion yuan, an increase of 30.1% year-on-year. The average growth rate in the two years was 12.7%, the total profit was 48.47 billion yuan, an increase of 52.3%, and the profit margin of operating income reached 6.8%, the best level this year.

In addition, in the first three quarters, the import and export volume of goods in Shandong increased steadily, and the trade structure continued to be optimized. The total import and export of goods was 2,118.73 billion yuan, an increase of 36.8% year-on-year. The export of mechanical and electrical products increased by 45.0% year-on-year, accounting for 43.5% of the total exports, an increase of 1.7 percentage points year-on-year. The import and export of general trade increased by 31.1%, accounting for 66.2% of the total import and export. The import and export of private enterprises increased by 39.2%, accounting for 70.2% of the total import and export, an increase of 1.2 percentage points year-on-year.

Wang Zhenjun said that in the next step, Shandong will solidly promote the landing of "six stability" and "six guarantees" on the basis of doing a good job in normalizing epidemic prevention and control, accelerate the acceleration of major strategies, major reforms and major projects, actively promote industrial structure, consumer demand, innovation and efficiency upgrading, and continuously stimulate market vitality, enhance development momentum, release domestic demand potential, and make every effort to ensure the stable and healthy development of the economy.

According to the comprehensive analysis of Wang Dong, deputy director of the Shandong Provincial Development and Reform Commission, on the basis of achieving a good start in the first three quarters, in the fourth quarter, the balance and coordination of the province's economic recovery and development will be enhanced, and the economic operation is expected to continue to maintain a good trend of stability and improvement. (End)

Source: China News Network