China's Shandong province's first-quarter GDP up 6.0% year-on-year: Chinese report

On the 23rd, the Shandong Provincial Statistics Bureau announced the economic situation for the first quarter (January to March). The gross domestic product (GDP) of Shandong Province in the first quarter was 2.3466 trillion former (about 46 trillion yen). Calculated at constant prices,
It increased by 6.0% year-on-year, up 0.3 percentage points from the province's growth rate for 2024 and exceeding the national growth rate of 5.4% in the first quarter.
By industry, the added value of the primary industry increased by 3.7% to 75.4 billion yen (approximately 1.5 trillion yen), and the secondary industry increased by 6.3% to 907.3 billion yen.
The primary industry increased by 6.0% to 1.3639 trillion yen (approximately 26.7 trillion yen), while the secondary industry increased by 6.0% to 1.3639 trillion yen (approximately 26.7 trillion yen).
The added value of industries large and small in the province increased 8.2% year-on-year in the first quarter.
In March alone, the increase was 8.3%. Total retail sales of consumer goods increased 5.6% to 1.1728 trillion yen (approximately 20 trillion yen), and fixed asset investment increased 3.4%.
The total value of goods exports and imports increased by 5.9% to 820.34 billion former (approximately 16 trillion yen). Of this, exports increased by 4.8% to 494.23 billion former (approximately 9.7 trillion yen).
Imports increased by 7.5% to 326.11 billion yen (approximately 6.4 trillion yen). By trade type, general trade exports and imports increased by 4.6% to account for 65.6% of the total. By company, private
The number of new employees in urban areas of the province increased by 6.0% year-on-year to reach 292,000.