Xinhua News Agency's "Economic Reference Report" | Half year GDP Exceeds 5 Trillion, Shandong's Economy 'Steady and Improved, Advancing and Improving'
Recently, the Information Office of the People's Government of Shandong Province held a unique press conference on the production line of robots at Luoshi (Shandong) Robot Group Co., Ltd. - the "Shandong Good Brands on the Industry Chain" series of on-site press conferences. At the meeting, multiple robot products independently developed by Shandong enterprises made their debut, showcasing Shandong's strong strength in equipment manufacturing and its determination to actively develop new quality productivity and seize the opportunity in the "blue ocean" of manufacturing.
As a strategic pivot for the economic development of a major economic province and the northern region, Shandong is firmly committed to "leading the way and shouldering the heavy burden", coordinating the promotion of stable growth, improving quality and efficiency, advancing reforms, preventing risks, and benefiting people's livelihoods. According to the unified accounting results of regional gross domestic product, in the first half of this year, the gross domestic product of Shandong Province exceeded 5 trillion yuan, with a year-on-year growth of 5.6% at constant prices. The economic operation maintained a stable and positive trend, and improved quality in the middle of progress, demonstrating strong resilience in a complex environment.
Strengthening policy guidance and consolidating the foundation of 'stability'
The first innovation conference of GoerTek Co., Ltd., held simultaneously in Qingdao and Weifang recently, showcased over a hundred cutting-edge technological achievements of this private enterprise in fields such as "artificial intelligence+augmented reality (AI+XR)", acoustics, optics, and automotive electronics. This is the result of GoerTek investing about 5% of its main business revenue in research and development every year.
If the private economy is stable, then the overall economy is stable.
Shandong is a province with a large private economy, with private economic entities accounting for 99% of the province's operating entities. In June of this year, the Finance Department of Shandong Province issued the "Several Fiscal Policies to Further Support the High Quality Development of the Private Economy", which proposed 10 aspects and 50 specific policies around the issues of concern to private enterprises.
Li Feng, Director of the Finance Department of Shandong Province, said that relevant policies are both timely assistance and a solution to urgent needs; Adding fuel and increasing salary to promote innovation and improvement. The policy "combination punch" is targeted to promote the growth and innovation of private enterprises in Shandong, becoming an important force for stable development and expanding the market.
Since the beginning of this year, Shandong has continued the practice of integrating policy supply and taking the lead, highlighting the forward-looking, precise, and targeted nature of policies, and creating more certainty for development through policy guidance.
Shandong Province has introduced the "Policy Measures to Strengthen and Stabilize the Economy and Promote High Quality Development" to promote high-quality economic development, the "Implementation Plan for Deepening the Reform and Innovation of the Business Environment by Strengthening the Service Brand of" Civil Worry Free, Enterprise Affairs Solved, and Government Affairs Efficient "to optimize the business environment, the" Implementation Plan for Shandong Province's 2025 Stable Foreign Investment Action "to stabilize investment, and the" Implementation Plan for Boosting Consumption "to promote consumption
The 2025 Shanghai Cooperation Organization International Investment and Trade Expo, which just concluded in the Qingdao SCO Demonstration Zone, has attracted companies from 40 countries and regions including Russia, Uzbekistan, and the United Arab Emirates to participate.
Zhang Qingwei, Deputy Director of the Department of Commerce of Shandong Province, said that by 2024, the SCO demonstration zone will drive the import and export volume between Shandong Province and SCO countries to reach 531.62 billion yuan. In April of this year, the General Office of the Shandong Provincial Government issued the "Several Measures to Support the Capacity Expansion and Quality Improvement of China Shanghai Cooperation Organization Local Economic and Trade Cooperation Demonstration Zones", proposing 23 high-value support measures from four aspects: promoting comprehensive reform, major platform construction, economic and trade industry cooperation, and optimizing the development environment, to continue to support the Shanghai Cooperation Organization Demonstration Zones to "be solid, good, beautiful, and impactful".
A package of policies will work together to support the sustained improvement of Shandong's economy. Data shows that in the first half of the year, investment in key areas in Shandong remained generally stable, with infrastructure investment increasing by 3.0% and manufacturing investment increasing by 8.7%; The total retail sales of consumer goods reached 2014.21 billion yuan, an increase of 5.6%; 658000 new urban jobs were created in the province. The per capita disposable income of residents was 22592 yuan, a nominal increase of 5.3% year-on-year.
Based on one's own advantages, activate endogenous power
At Shandong Chufeng Heavy Industry Machinery Co., Ltd. in Jibei Development Zone, Jinan City, workers are busy rushing to fulfill orders. This year's order volume has increased by about 30% year-on-year, and workers are working overtime to produce, "said Zhang Qian, the sales manager of the company
The large industrial scale and complete industrial system are the traditional advantages of Shandong. Wang Maoqing, Deputy Director of the Department of Industry and Information Technology of Shandong Province, said that in recent years, Shandong has concentrated on implementing the "number one project" of industrial economy, focusing on 19 iconic industrial chains, forming a new work promotion mechanism of "total chain length+chain length+chain owner", and coordinating the development of industrial chain construction.
In the first half of the year, the added value of industrial enterprises above designated size in Shandong increased by 7.7%; Industrial investment increased by 13.4%, 13.6 percentage points higher than total investment, driving a 5.2 percentage point increase in total investment.
As the largest province in China's agricultural output value, Shandong's total output value of agriculture, forestry, animal husbandry, and fishery in the first half of the year was 537.53 billion yuan, an increase of 4.3% at comparable prices; Summer grain production has achieved another bumper harvest, with a total output of 54.74 billion kilograms, an increase of 0.7%. The yield per unit area and total output increment of summer grain rank first in the country.
In summer, Yimeng is lush with green vegetation. The peaches planted in Guquan Village, Mengyin County, Linyi City are entering the peak sales season - by planting peaches, Guquan Village has created a well-known "sweet" industry, achieving a collective income of 2.68 million yuan in 2024.
A Peach Blossom Village, where stories of industrial revitalization continue to emerge on the land of Qilu. Yu Yongde, a first level inspector of the Agriculture and Rural Affairs Department of Shandong Province, said that Shandong has preliminarily selected 330 industries with obvious regional characteristics, good foundation, and development potential, and cultivated and strengthened them with "one industry, one policy".
The ocean is a unique resource in Shandong. By strengthening innovation in marine technology, expanding the development space of marine industries, and improving the efficiency of marine resource utilization, Shandong's modern marine economy continues to grow and develop.
Rows of installed photovoltaic panels extend towards the open sea, 8 kilometers offshore in Kenli District, Dongying City. This is the world's largest open offshore photovoltaic project - the HG14 Guohua 1 million kilowatt offshore photovoltaic project, which is expected to generate 1.78 billion kilowatt hours of electricity annually after full operation.
Sun Songsong, deputy director of the Yuehai Photovoltaic Power Station of Guohua Investment Shandong Branch of the National Energy Group, said, "Even the vast array of photovoltaic panels provide shade for marine organisms such as shellfish, helping them to thrive and reproduce better. The project can generate electricity on top and aquaculture on the bottom, with an expected annual income of over 27 million yuan from fishing and aquaculture.
From January to May this year, a total of 37.08 billion yuan has been invested in 201 key projects for building a strong maritime province in Shandong, and the new blueprint for "Maritime Shandong" is accelerating.
Actively pursuing the transformation potential from 'green' to 'new'
At the flight camp of Rizhao Ruixiang General Aviation Co., Ltd., a light sport aircraft slid onto the runway, and the low altitude flight training for the day ended smoothly. After completing the relevant subjects, students can obtain a flight license issued by the competent department.
The low altitude industry is accelerating its development in Shandong. The relevant person in charge of the Department of Industry and Information Technology of Shandong Province introduced that there are currently more than 1400 operational unmanned aerial vehicle enterprises in Shandong, covering industrial grade unmanned aerial vehicles, general aviation aircraft, electric vertical takeoff and landing aircraft and key systems, and cultivating more than 400 research and development manufacturing enterprises for general aircraft and unmanned aerial vehicles, engines, components and aviation materials.
Empowering the 'new', technological innovation is a key variable for industrial upgrading.
At Shandong Shenlian Pharmaceutical Co., Ltd. in Yuncheng County, Heze City, orders for the newly developed Cyclopentate Hydrochloride Eye Drops have reached 2 million units. We have formed a hierarchical product pattern of 'one batch in production, one batch for application, and one batch for research and development', and have also taken the lead in applying for the establishment of a national level research and development center to promote the extension of the pharmaceutical industry chain to the high-end, "said Zhen Aihua, the person in charge of the company.
The first phase of Yulong Island Refining and Chemical Integration Project has been successfully put into operation, and the construction of projects such as Qilu Petrochemical Luyou Lujian has started, with advanced petrochemical production capacity accounting for over 40%; The added value of emerging industries such as new generation information technology, high-end equipment, new energy and new materials, modern ocean, medical care and health in Shandong reached 3.1 trillion yuan, a year-on-year increase of 6.2%; Establish three future industrial pilot zones in Jinan, Qingdao, and Yantai, and formulate and implement 20 policy measures to support the construction of future industrial pilot zones.
'New' is kinetic energy, 'green' is the base color.
As a global hub for bulk raw materials, energy, food and other supply chains, Rizhao Port's large bulk cargo throughput accounts for "half of the territory". Qin Tao, Deputy Minister of Safety and Environmental Protection Technology of Rizhao Port in Shandong Province, said that through independent research and development of bulk dust suppressants, construction of windproof and dust suppression nets, and closed belt conveyor systems, Rizhao Port has increased its dust suppression rate to over 99%, and can reduce carbon emissions by about 9500 tons per year.
Guided by the "dual carbon" goal, Shandong's green transformation is steadily advancing: accelerating the landing of major nuclear power projects, constructing tens of millions of kilowatts of offshore wind power, and promoting the diversified and large-scale development of new energy storage; Support Yantai in building a green, low-carbon, and high-quality development demonstration city, accelerate the construction of Changdao International Zero Carbon Island, and support Tai'an in building a multi million kilowatt energy storage city; Promote market-oriented trading of green electricity and green certificates, significantly increase the proportion of non fossil energy consumption
From the "Innovation Roadmap" to the "Green Report Card", Shandong continuously consolidates the foundation of high-quality development and further plays the role of "an economic powerhouse". The relevant person in charge of the Development and Reform Commission of Shandong Province said that Shandong has transformed and upgraded traditional industries, cultivated and strengthened emerging industries, advanced the layout of future industries, accelerated the construction of a modern industrial system, and strengthened the fundamental support of new quality productivity.
Information source: Xinhua News Agency Economic Reference News
