China's Shandong province's first-half GDP up 5.8% year-on-year... manufacturing investment up 14.5% - Chinese media

China's Shandong Provincial Statistics Bureau announced on the 25th that the province's gross domestic product (GDP) for the first half of the year, in real terms excluding the effects of price fluctuations, increased 5.8% year-on-year to 4.6677 trillion yen (about 99 trillion yen).
Although this was a decrease from the province's growth rate in the first quarter (6.0%), it was still higher than the national growth rate for the first half of the year (5.0%).
By industry, the primary industry increased 3.8% year-on-year to 296.6 billion former (approximately 6.3 trillion yen), and the secondary industry increased 7.1% to 29.66 billion former (approximately 6.3 trillion yen).
The retail industry increased by 5.3% to 1.8269 trillion yen (approximately 38.8 trillion yen), and the tertiary industry increased by 5.2% to 2.5442 trillion yen (approximately 54 trillion yen).
In the first half of the year, profits from industrial enterprises of a certain size or larger in the province increased by 8.5% year-on-year.
By industry, mining increased by 8.6%, manufacturing increased by 8.9%, and electricity, energy, gas, and water production and supply increased by 4.7%.
The total retail sales of social consumer goods increased by 5.5% year-on-year to 1,779,630 million yen (approximately 37,800 billion yen).
In terms of the total, restaurant revenue increased by 9.9% and retail sales increased by 4.9%. Fixed asset investment increased by 4.9%. By item, basic capital investment increased by 3.5%, manufacturing investment increased by 14.5%, and
Investment in real estate development increased by 11.5%. In addition, the disposable income per person in the province increased by 5.7% year-on-year to 21,464 formers (about 455,000 yen).