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Economic Development



1.Total Economy

Shandong Province ranks the third in the country in terms of its total economy. In 2005 GDP of the province reached 1.8 trillion yuan, an increase of 15% over the previous year. It has achieved a two-digit economic increase for 15 consecutive years.
High-Standard Water-Saving Irrigation

2.Agriculture

Shandong province is an important area for agricultural output with the yields of grain, cotton, edible oil, vegetables, fruits, meat and aquatic products leading in the country. Agriculture output reached 366 billion yuan in 2005, ranking the first in the country. Export of agricultural produces from Shandong Province accounts for 1/4 of China's total agricultural export.

Planting Sector
The planting area of crops in Shandong province covers more than 10 million hectares. Major crops include wheat, corn, soybean, rice, cotton, peanut, vegetables and various fruits..

Animal Husbandry Sector
Shandong Province ranks the first in China in terms of total livestock number. In 2005, the total production value of the province's animal husbandry reached 112.5 billion yuan, increasing by 10%. The total production of meats, eggs and dairy products amounted to 8.66 million tons,? 4.68 million tons and 2.76 million tons respectively.

Fishery Sector
With rich aquatic resources, Shandong is the biggest province for aquatic products in the country. In 2005 output value of major marine products hit 240 billion yuan, up 13% over the previous year, and the total aquatic product output totaled 7.2 million tons.

3.Industry

Manufacturing Industry
The major sectors of the manufacturing industry include chemical industry, metallurgy, building materials, machinery, shipbuilding, automobile, electronics, household appliances, textile, foodstuff and so on, of which, chemical industry, building materials, household appliances, textile and foodstuff take important places in China. A large number of enterprises owns famous brands enjoying high reputation at home and abroad, such as Haier and Hisense in Qingdao, Dongyue Automobile in Yantai, Heavy Duty Trucks Group in Jinan, Xinhua Pharmaceutical in Zibo and Weiqiao Textile in Binzhou.

Mining Industry
The following mining sectors in Shandong Province are well-developed: coal mining and separating, petroleum exploiting, natural gas extracting, as well as ferrous and nonferrous metal ore mining and separating. Such mining enterprises as Shengli Oil Field, Yankuang Mining Group, Zhaoyuan Gold Group and so on rank in the forefront in the country for their business indexes.?

Outputs of Major Industrial Products in Shandong Province

Products

Unit

Quantity

Coal

10 thousand tons

13745

Crude oil

10 thousand tons

2691

Crude Salt

10 thousand tons

1285

Steel

10 thousand tons

2936

Electricity

100 million kwh

1966

Paper

10 thousand tons

1154

Cement

10 thousand tons

14189

Fertilizer

10 thousand tons

646

Soda Ash

10 thousand tons

260

Caustic Soda

10 thousand tons

243

Plastic Products

10 thousand tons

153

Yarn

10 thousand tons

360

Cloth

100 million meters

86

Garment

10 thousand pcs

172911

Tyre

10 thousand pcs

12336

Computer

10 thousand sets

57838

Automobile

10 thousand sets

48

Motorbike

10 thousand sets

115

Ship

10 thousand tons

98

4.Service Industry

Finance
There are 34 banking institutions in Shandong Province, including 9 foreign banks and representative offices of foreign banks. 24 insurance companies with nationwide network have set up branches in Shandong, and 146 insurance intermediary institutions have been put into operation.

Logistics
There are more than 3000 companies being engaged in logistics industry in Shandong Province. The following large-scale domestic and foreign logistics companies have invested in the province: Danmark Maersk, Japan Itochu, South Korea Hanjin Logistics, Singapore Singamas, China National Materials Storage and Transportation Corporation (CMST) and COSCO Group. At present, 67 logistics zones have been put into business or are now under construction.

Commerce
In 2005, the retail sales of social consumer goods of Shandong Province totaled 510 billion yuan, increasing by 15% over the previous year. There are more than 300 markets with their annual turnover exceeding 100 million yuan, including 10 foreign invested retail companies.

5.Tourism

Shandong Province is rich in historical and cultural relics, scenic spots and holiday resorts, including Mt. Tai and Confucius Temple, Mansion and Mausoleum in Qufu City, listed as “World Natural and Cultural Heritage” and “World Cultural Heritage” respectively by UNESCO, Penglai Pavilion, known as the “Fairyland of Human Beings”, Mt. Laoshan, the “Sacred Place of Taoism”, Rizhao, the “Capital City of Aquatic Sports”, Weifang, the “World Capital of Kites”, Qingdao, the “International Beer City”, Yantai, the “International Wine City” and Jinan, the “City of Springs”, etc. The hotels of star standard have added up to 460 in the province. In 2005 Shandong hosted nearly 140 million domestic tourists and 1.5 million overseas tourists, recording a tourist revenue of 100 billion yuan.
For information on star-standard hotels and travel agencies, please consult the website: http://www.sdta.cn/

Major Festivals in Shandong

What

Where

When

Heze International Peony Festival

Heze

April

Weifang International Kite Festival
www.weifangkite.com

Weifang

April

Qingdao Ocean Festival
info@oceanfestival.com

Qingdao

Early July

Qingdao International Beer Festival
www.gov.qd.sd.cn

Qingdao

August

China Weihai Habitat Festival

Weihai

September

Sage Calligrapher Cultural Festival

Linyi

3rd-5th, Sept.

Taishan International Mountaineering Festival
www.mount-tai.net/zhuye.htm

Tai’an

6th-12th, Sept.

Qufu International Confucian Cultural Festival

Qufu

26th, Sept.-10th, Oct.

Major Exhibitions/Fairs in Shandong

What

Where

When

China (Shouguang) International Vegetable Sci-Tech Fair
http://www.intvegetable-fair.com/

Shouguang

The End of April

 

China International Consumer Electronics Show

Qingdao

7th-10th, July

Shandong-Taiwan Trade & Investment Fair
http://lutai.wfsohu.com/

Weifang

1st-3rd, Sept.

China International Ceramics Fair

Zibo

6th-10th, Sept.

Dongying Economic, Technological & Trade Co-op Fair

Dongying

15th-19th, Sept.

Dezhou Investment & Trade Fair

Dezhou

16th-20th, Sept.

Yantai International Fruit/Vegetable/Food Exposition
http://www.fruitveg-expo.cn/

Yantai

17th-23rd, Sept.

China Forestry Product Trade Fair
http://www.cfpf919.com/

Heze

19th-25th, Sept.

China (Jinan)International Information Technology Expo

Jinan

22nd-26th, Sept.

Qingdao International Fashion Week, China
http://www.fashionweek.com.cn/

Qingdao

Sept.

Tourism Co-op & Development Forum/Exhibition of Asia-Euro Conference

Yantai

12th-15th, Oct.

China (Laiwu) Steel Fair

Laiwu

16th-17th, Oct.

China (Binzhou) International Family Textile Culture Festival

Binzhou

The End of Oct.

China Fisheries and Seafood Expo

Qingdao

The End of Oct.

China International Wine Exposition

Qingdao

31st, Oct.-1st, Nov.


 

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