China Knowledge quoted according to the latest statistics released by the Shandong Statistics Bureau, Shandong Province saw its gross domestic product grow 9.7% YoY to CNY 2.41 trillion in the first half of this year.

The growth rate was 1.9 percentage points higher than the national average of 7.8% in the period. The province GDP in H1 was ranked third nationwide after Guangdong Province CNY 2.62 trillion and Jiangsu Province CNY 2.54 trillion.

Value added output in the primary industry rose 4.3% YoY to CNY 192.97 billion in the first six months and that in the secondary sector grew 10.7% YoY to CNY 1.30 trillion. The tertiary sector generated CNY 918.03 billion up by 9.3%YoY.

The value-added output of industrial enterprises each with core business revenue of at least CNY 200 billion in the province rose 11.1% in H1. The province's retail sales grew 14.9% YoY to CNY 900.16 billion in H1. Fixed asset investment amounted to CNY 1.27 trillion in the period up by 20.4% YoY and export value climbed 1.6% to USD 60.13 billion.

Source - China Knowledge

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