Jinan sees 6.4% growth in GDP H1

The GDP of Jinan, capital of Shandong province, hit 584.1 billion yuan ($81.66 billion), a year-on-year increase of 6.4 percent, in the first half of the year.

The added value of the primary industry, secondary industry, and tertiary industry reached 20.3 billion yuan, 188.9 billion yuan, and 374.9 billion yuan respectively, increasing by 3.1 percent, 8.1 percent, 5.8 percent year-on-year.

In the first half of the year, the total output value of the agriculture, forestry, animal husbandry, and fishery industries in the city reached 37.56 billion yuan, an increase of 3.6 percent year-on-year.

In the same period, there was a notable 12.2 percent year-on-year increase in the added value of large-scale industries. Within the 41 major industries, a significant majority of 28 industries displayed growth in their added value, attaining an impressive growth rate of 68.3 percent.

The added value of the equipment manufacturing industry increased by 23 percent year-on-year, driving a 7.6 percentage point growth in the city's large-scale industries. Among them, the added value of the automobile manufacturing industry surged by 72.8 percent year-on-year.

Fixed asset investment in Jinan increased by 2 percent year-on-year in the first half of the year. Infrastructure investment grew rapidly at a year-on-year increase of 68.7 percent.

During the first half of the year, Jinan's total retail sales of consumer goods surged to 229.39 billion yuan, marking a significant 7.8 percent year-on-year growth. Among this figure, retail sales of commodities amounted to 194.29 billion yuan, reflecting a 6.4 percent increase, while catering revenue experienced a remarkable upswing, reaching 35.1 billion yuan, representing an impressive 15.8 percent growth.

Online retail sales performed well, with online retail sales above the designated size hitting 19.34 billion yuan, soaring 27.8 percent year-on-year.

Jinan's general public budget revenue increased by 6.1 percent year-on-year to 57.36 billion yuan in the first half of the year.

During the same period, the city achieved a total import and export volume of 101.92 billion yuan, showing a slight 0.2 percent year-on-year increase. Exports contributed 64.73 billion yuan, while imports amounted to 37.19 billion yuan.

In the first half of the year, the per capita disposable income of all residents in Jinan reached 25,882 yuan, showcasing a notable 5.7 percent year-on-year growth. Within this figure, the per capita disposable income of urban residents stood at 30,787 yuan, marking a 4.8 percent year-on-year increase, while their rural counterparts experienced a stronger growth with their per capita disposable income reaching 14,600 yuan, reflecting a substantial 6.3 percent year-on-year rise.