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Shandong’s GDP estimated at 1 trillion USD

2017/6/6 16:12:35   source:Sdchina.com

A press conference was held by Shandong Provincial People's Government to introduce the achievements it has made in economic transformation and upgrading after the 10th Provincial Party Congress.

Double “ones” was released at the conference manifesting a great jump forward of its comprehensive economic strength.

The first “one” refers to Shandong’s gross domestic product. According to the conference, the GDP of Shandong reached 6.7 trillion yuan (about $1 trillion) last year.

The second “one” mentioned in the press conference is about the per capital GDP, exceeding ten thousand dollars. This is not just a “data”, but a milestone in the history of Shandong’s development.

Not only does the economy grow rapidly but also the development quality and profit improve. The local public budget was up to 502.7 billion yuan in 2014 and 586 billion yuan last year.

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