From January to November, Shandong's economy operated steadily, with the added value of industrial enterprises above designated size increasing by 7.7%
On December 21st, New Yellow River learned from the Shandong Provincial Bureau of Statistics that from January to November, Shandong Province has launched practical measures around strengthening industry, expanding investment, promoting consumption, and stabilizing foreign trade, effectively responding to internal and external environmental changes, promoting economic recovery and improvement, with stable growth in major economic indicators, and the province's economy maintaining a steady growth trend.
Production supply continues to grow. Industry maintains rapid growth. From January to November, the added value of industrial enterprises above designated size in the province increased by 7.7%, which was the same as that from January to October. Out of 41 industries, 36 achieved growth, with a growth rate of 87.8%. Among them, the added value of industries such as railway ships, electronics, and automobiles increased by 15.6%, 13.2%, and 17.4% respectively. The service industry is steadily increasing. From January to October, the operating income of the service industry above designated size in the province increased by 5.3%, with 9 out of 10 industry categories achieving growth. Among them, the leasing and business service industry, water conservancy environment and public facility management industry, resident service repair and other service industry, and cultural sports and entertainment industry achieved double-digit growth, with growth rates of 16.0%, 11.6%, 13.7%, and 10.8%, respectively.
Internal and external demand remains stable. The consumer market is generally stable. From January to November, the total retail sales of consumer goods in the province increased by 5.2%, of which the retail sales above designated size increased by 5.7%. Fixed assets investment operates under pressure. From January to November, the province's fixed assets investment dropped 6.8%. Among them, industrial investment increased by 3.5%, which is 10.3 percentage points higher than total investment; Infrastructure investment decreased by 4.4%, and real estate development investment decreased by 13.2%. The import and export of goods are steadily increasing. From January to November, the total import and export volume of the province reached 3188.62 billion yuan, an increase of 4.6%. Among them, exports increased by 4.3% and imports increased by 5.1%. Import and export to countries jointly building the "the Belt and Road" totaled 2.04 trillion yuan, up 7.9%, accounting for 64.1% of the province's total import and export.
The orderly promotion of transformation and upgrading. The industrial high-end is steadily advancing. From January to November, the added value of equipment manufacturing industry above designated size increased by 11.8%, which was 4.1 percentage points higher than the growth rate of all industries above designated size. The production of high-end equipment products such as lithium-ion batteries, industrial robots, and high-speed trains increased by 80.9%, 33.1%, and 25.2%, respectively. The investment in industrial technological transformation increased by 5.2%, which is 12.0 percentage points higher than the total investment and accounts for 23.0% of the total investment. The new forms of consumption are steadily increasing. From January to November, the retail sales of units above designated size achieved 218.29 billion yuan through public networks, an increase of 16.7%, which is 11.0 percentage points higher than the growth rate of all retail sales above designated size.
Economic vitality continues to increase. We will make steady efforts in fiscal and financial policies. From January to November, the province achieved a general public budget revenue of 732.38 billion yuan, an increase of 1.3%; The general public budget expenditure was 1122.06 billion yuan, an increase of 0.9%. As of the end of November, the balance of domestic and foreign currency deposits in the province increased by 7.9%, and the balance of loans increased by 7.9%. The private economy is growing well. From January to November, the added value of private industries above designated size increased by 9.2%, 1.5 percentage points higher than the growth rate of all industries above designated size. The retail sales of private commercial units above the quota increased by 6.8%, which is 1.1 percentage points higher than the growth rate of all retail sales above the quota. The import and export of private enterprises reached 2.43 trillion yuan, an increase of 6.7%, accounting for 76.1% of the total import and export volume in the province.
The guarantee of people's livelihood is solid and effective. The overall employment situation is stable. From January to November, the province's urban areas added 1.205 million new jobs, an increase of 0.9%. Prices have risen moderately. From January to November, the consumer prices of residents in the province decreased by 0.2%, with a 0.4% increase in November. By category, food, tobacco, and alcohol prices have decreased by 1.3%, daily necessities and services prices have increased by 0.9%, education, culture, and entertainment prices have increased by 1.3%, clothing prices have increased by 1.1%, transportation and communication prices have decreased by 2.5%, and healthcare prices have increased by 0.4%.
Information source: Dazhong Net
