Jul. 31, 2012 (China Knowledge) - Shandong
Province saw its gross domestic product grow 9.7% YoY to RMB 2.41 trillion in the first half of this year, according to the latest statistics released by the Shandong
The growth rate was 1.9 percentage points higher than the national average of 7.8% in the period.
The province's GDP in H1 was ranked third nationwide after Guangdong
Province's RMB 2.62 trillion and Jiangsu
Province's RMB 2.54 trillion.
Value-added output in the primary industry rose 4.3% YoY to RMB 192.97 billion in the first six months, and that in the secondary sector grew 10.7% YoY to RMB 1.30 trillion. The tertiary sector generated RMB 918.03 billion, 9.3% more than in the same period of 2011.
The value-added output of industrial enterprises each with core business revenue of at least RMB 200 billion in the province rose 11.1% in H1.
The province's retail sales grew 14.9% YoY to RMB 900.16 billion in H1. Fixed-asset investment amounted to RMB 1.27 trillion in the period, up 20.4% YoY, and export value climbed 1.6% to US$60.13 billion.