Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Local

GDP of China's Shandong expands 18 pct in Q1

April 22, 2021


Abstract : East China's coastal province of Shandong reported strong GDP growth in the first quarter of 2021 as its economy recovered from the impact of the COVID-19 epidemic.

JINAN, April 21 (Xinhua) -- East China's coastal province of Shandong reported strong GDP growth in the first quarter of 2021 as its economy recovered from the impact of the COVID-19 epidemic.

The GDP of the economic powerhouse grew 18 percent year on year to nearly 1.81 trillion yuan (about 278 billion U.S. dollars) in the January-March period, Yu Chenghe, deputy secretary-general of the Shandong provincial government, told a press briefing on Wednesday.

The figure edged up 11.1 percent from that of the first quarter of 2019 prior to the COVID-19 epidemic, with average year-on-year growth of 5.4 percent over the past two years.

Shandong's foreign trade totaled 617.7 billion yuan in the three-month period, surging 38.9 percent year on year, Yu said. Exports rose 45.4 percent year on year to 343.7 billion yuan while imports jumped 31.6 percent to 274 billion yuan.

With year-on-year trade growth of 40.8 percent, privately-owned businesses contributed to 68 percent of the total trade volume, 0.9 percentage points higher than a year ago.

Shandong's trade with the Belt and Road countries grew 34.3 percent year on year to 194.4 billion yuan, accounting for 31.5 percent of the province's total in the first quarter. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Shandong

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial