The first session of the 14th Shandong Provincial People’s Congress opens on January 13, 2023. [Photo/Shandian news]Shandong's economy has improved in quality and effectiveness and stepped into the track of high-quality development, acording to?the government work report delivered at the first session of the 14th Shandong Provincial People’s Congress.The report noted that Shandong’s comprehensive economic strength jumped significantly in the past five years. The province’s gross domestic product (GDP) is expected to reach 8.7 trillion yuan in 2022, with an average annual growth rate of about 5.4 percent.?The general public budget revenue reached 710.4 billion yuan. The total grain output in Shandong has remained above 50 billion kilograms for nine consecutive years, and the total agricultural output has exceeded one trillion yuan.?The industrial added value above designated size grew at an average annual rate of around 5.2%. The provincial import and export volume exceeded 3 trillion yuan, and the actually utilized foreign investment nearly doubled.?Shandong's total marine economy ranks second, and the throughput of coastal ports ranks first.
