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Shandong's GDP hits US$36b in 1st quarter
(Xinhua)
Updated: 2004-05-04 21:56
East China's Shandong Province witnessed a fairly fast economic growth in the
first three months, with its gross domestic product reaching 298.66 billion yuan
(US$36 billion), up 15.1 percent year on year.
That growth rate in the first quarter was 2.8 percentage points higher than
the same period of last year, according to the latest figures of the Shandong
Provincial Bureau of Statistics.
In the first three months, Shandong continued its momentum of rapid
development in its industrial output, with the industrial added value totaling
158.13 billion yuan (US$19 billion), a year-on-year increase of 20.7 percent.
The tertiary industry, or services industry, reported an added value of
106.96 billion yuan (US$13 billion), up 10 percent over the same period of last
year.
However, the province's agricultural industry increased by only 4.6 percent,
totaling 22.76 billion yuan (US$2.7 billion), reveal the statistics.
The province's entrepreneur confidence index and business climate index, two
major indices relating to economic future and dynamics, stood at 142.1 and 140.3
respectively , both at their record high level in the first quarter, according
to an enterprise prosperity investigation on 3,000
enterprises.
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