Yantai's GDP up 0.4% in H1

The regional GDP of Yantai, a coastal city in East China's Shandong province, expanded by 0.4 percent year-on-year to 345.74 billion yuan ($49.69 billion) in the first half of this year, according to a news conference held by the municipal government on Aug 6.

The figure is 6.1 percentage points higher than the first quarter, 0.6 percentage points higher than the provincial average and 2 percentage points higher than national average.

The value-added output of the first industry increased by 0.8 percent year-on-year to 13 billion yuan, while that of the secondary and tertiary industries rose by 0.1 percent and 0.5 percent year-on-year to 144 billion yuan and 188.8 billion yuan respectively in the same period.

The value-added output of the high-tech manufacturing sector recorded a year-on-year growth of 4.9 percent in H1, 3.2 percentage points higher than that of the industries above designated size.

Foreign trade from Jan to Jun was valued at 127.68 billion yuan, a year-on-year decline of 6.8 percent. Trade with the countries involved in the Belt and Road Initiative jumped 22.2 percent to 33.02 billion yuan while trade with the Association of Southeast Asian Nations (ASEAN) soared 45.2 percent to 16.71 billion yuan.

Yantai created another 60,200 jobs in the first half of this year, including 20,022 jobs in June alone.

The per capita disposable income of urban and rural Yantai residents in H1 stood at 23,591 yuan and 12,612 yuan respectively, a year-on-year increase of 2.5 percent and 3.3 percent.