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Shandong GDP growth to exceed 6% in 2020

(chinadaily.com.cn)|Updated : 2020-01-18



East China's Shandong province set a target for its gross domestic product growth -- a more than 6 percent increase in 2020, according to the government work report delivered on Jan 18 at the third session of the 13th Shandong Provincial People's Congress.

"Shandong's general public budget revenue will increase by 1 percent, while the province will create 1.1 million new urban jobs in 2020 and keep the registered urban unemployment rate will under 4.5 percent," said Gong Zheng, governor of Shandong.

Investment in fixed assets is targeted to increase by around 5 percent in 2020, while the total retail sales of consumer goods should go up by more than 6.5 percent.

Per-capita disposable income growth is targeted at around 7.5 percent.

Last year, Shandong's foreign trade value reached 2.04 trillion yuan ($296.2 billion), ranking sixth in China and accounting for 6.5 percent of the country's total.

This year Shandong will endeavor to maintain steady growth in foreign trade, and take measures to attract more foreign investment to expand opening-up and boost high-quality development.

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Governor Gong Zheng delivers the government work report at the third session of the 13th Shandong Provincial People's Congress on Jan 18. [Photo/dzwww.com]

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Deputies listen to the government work report during the third session of the 13th Shandong Provincial People's Congress on Jan 18. [Photo/dzwww.com]


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