2017 marks an important year of the implementation of the 13th Five Year Plan as well as the deepening year of the supply-side structural reform. Shandong launched its Plan on 2017 National Economic and Social Development recently. It’s said the plan has been deliberated and passed by the 6th session of the CPC Shandong Provincial Committee.
Let’s take a look at the key anticipated goals of Shandong’s economic and social development in 2017.
According to the plan, the growth of GDP should be about 7.5%; of local general public budget be 8% in accordance with the same caliber and of fixed capital investment and retail sales of consumer goods be 10%. The foreign trade should be in stable development.
TRANSFORMATION AND UPGRADING
Shandong plans to increase the proportion of added value of service sector in the GDP to 49%, realize 0.1% growth of the share of research input in the GDP and 2% share rising of urbanization rates of permanent residents and registered population respectively.
EMPLOYMENT AND PRICE OF COMMODITIES
The plan puts forward to create 1.1 million new jobs in urban areas, control the registered urban unemployment rate under 4% and raise the consumer price by 3%.
Efforts will be made to achieve the binding objects of energy conservation, emission and carbon reduction released by the central government.