Shandong records 10-year economic growth

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A HEALTHY ECONOMY A customer buys vegetables at a supermarket in Zaozhuang, east China’s Shandong Province, Aug 9, 2021. Shandong province has seen marked economic growth, improved livelihoods of the population and progress in environmental protection over the past decade, provincial officials said at a press briefing on Saturday, August 20, 2022. XINHUA PHOTO

JINAN: East China’s Shandong Province has seen marked economic growth, improved people’s livelihoods and progress in environmental protection over the past decade, provincial officials said on Saturday. during a press briefing.

The province’s gross domestic product (GDP) was 8.3 trillion yuan (about 1.2 trillion U.S. dollars) in 2021, up 66 percent from 2012.

Shandong insists on urban-rural integrated development and promotes coordinated regional development, said Li Ganjie, secretary of the Shandong Provincial Committee of the Communist Party of China.

Over the past 10 years, the urbanization rate of permanent residents in the province has increased by 12 percentage points and per capita disposable income has increased by about 8.5% per year on average. Some 2.52 million people have been lifted out of poverty, Li said.

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Shandong’s energy consumption per unit of GDP has fallen by an average of 4.2% each year over the past decade, and the share of coal in energy consumption has fallen by 13.8 percentage points. Over the past two years, the average concentration of hazardous airborne particles PM 2.5 has fallen by 11.5% and 15.2%, respectively.

Shandong Governor Zhou Naixiang said the province’s foreign trade volume increased from 1.5 trillion yuan to 2.9 trillion yuan from 2012 to 2021, and the proportion of its actual use of foreign capital by compared to the national total rose from 4.8% to 12.4% during the same period. .


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