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Creating Shandong record

2012/7/16 17:11:13   source:Openings

  In 2011, Shandong’s economic aggregate, local fiscal revenues and volume of imports and exports hit 4,000 billion yuan, 3,000 billion yuan and 200 billion US dollars respectively. For the first time, the increase of income of residents exceeded the increase of GDP and the investment in the service industry exceeded those in tertiary industry, thus realizing a good beginning of the “12th Five-year Plan.” In 2012, Shandong has promised to increase investment in people’s livelihood thus constantly promoting the regional development.

  In the expected economic and social development in 2011, Shandong put forward the goal of roughly a 10% increase of the GDP and income of residents. Throughout the year, the average disposable income per capita of the urban areas hit 22,792 yuan, increasing by 14.3%. The average pure incomes of the peasants hit 8,342 yuan, increasing by 19.3%, both of which exceeded the GDP increase rate of 10.9%. In the Governmental Work Report of Shandong Province in 2012, for the first time, a goal has been put forward that in 2012 that increase of income of residents will exceed the increase of GDP, which will increase by an expected rate of 9.5%. The average disposable income per capita of the urban areas and the average pure income of the peasants will increase by an expected rate of 10%. Compared with the previous governmental working reports, this is the first time that a promise has been made that the increase of income of residents will exceed the increase of GDP.

  Throughout the province, Shandong has speeded up the development of service industry and the industrial structure has been further optimized. As a result, the quality and returns have been remarkably promoted. In 2011, the ratio of primary, secondary and tertiary industries was adjusted from 9.2:54.2:36.6 in 2010 to 8.8:52.9:38.3. The rate of the service industry accounting for the GDP was promoted by 1.7%. The investment in service industry accounted for 50% of the total investment, for the first time exceeding the secondary industry.

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