Index>>news

¡¡

Investment main driver of Shandong economy

http://www.qingdaonews.com 2006-02-24 14:57:27

¡¡¡¡JINAN, Feb. 21 (Xinhuanet) -- Economically dynamic Shandong Province in east China recorded 1,054 billion yuan (130 billion U.S. dollars) in fixed-assets investment last year, a year-on-year growth of 38.9 percent.

¡¡¡¡The latest data shows the province was the first to have its an
nual fixed-assets investment exceed the 1-trillion-yuan mark across the nation, indicating that investment continued to be a major force driving the provincial economy.

¡¡¡¡Last year Shandong realized 1,847 billion yuan (228 billion U.S. dollars) in gross domestic product, up 15.2 percent.

¡¡¡¡Sun Guomao, president of Qilu Securities Co., Ltd. based in the province, said Shandong should expand its financial sector to enable it to contribute more to the local economy.

¡¡¡¡Other booming economies in coastal areas, such as Guangdong, Zhejiang, Jiangsu and Shanghai, all boasted a relatively developed financial sector, Sun added.

¡¡¡¡Last year, China took measures to cool down investment. Enditem

¡¡¡¡

¡¡¡¡

¡¾¡¿¡¾Print¡¿¡¾Close¡¿



¡¡Next£º

Shandong to invest 9.5 bln yuan on power grid construction
¡¡


Sponsors:News and Information Office of Qingdao Municipal Government;
of Qingdao Daily Press Group

Tel:86-532-85911644 86-532-88885553 Fax:(0532)82967606
Copyright@2003 All rights reserved.

¡¡