On April 19, the Information Office of Shandong provincial government held a press conference to introduce the economic and social development of Shandong Province in the first quarter. At the press conference, Lu Wanming, deputy director of the Provincial Bureau of statistics and spokesman, introduced that the main economic indicators of Shandong operated within a reasonable range in the first quarter, which mainly benefited from the "five strong supports".
First, we coordinated epidemic prevention and control and socio-economic development in a solid and efficient manner, which effectively supported the stable operation of social economy. Since this year, Shandong has unswervingly adhered to the general strategy of "external defense input and internal defense rebound" and the general policy of "dynamic zeroing", worked hard to improve the ability to deal with the epidemic situation, paid close attention to various epidemic prevention work, realized the dynamic zeroing of social aspects in the shortest time, and minimized the impact of the epidemic on the economy and society. At the same time, we should pay close attention to the work of stabilizing growth. For example, in view of the operating difficulties of market entities, we should speed up the resumption of work and production of enterprises, focus on the implementation of national policies and introduce enterprise policy packages to help market entities tide over difficulties. For another example, in view of the reduction of logistics efficiency, nucleic acid sampling points are scientifically arranged at highway checkpoints and service areas to detect antigens for vehicles in medium and high-risk areas, so as to ensure the smooth arrival of production materials. For another example, in view of the impact of the epidemic on production capacity utilization efficiency, guide industrial enterprises in the epidemic area to implement "no shutdown without building closure", adopt closed-loop management of employees, "never leave people at work and never leave the factory after work", and ensure the correct combination of production and prevention and control. These pragmatic and effective measures have effectively guaranteed the stable growth of macro-economy.
Second, Shandong has a complete industrial foundation with strong self circulation, self guarantee and self repair ability, which strongly supports the stable operation of social economy. Shandong is a major agricultural province with sufficient Shenzhen Agricultural Products Group Co.Ltd(000061) supply. In the first quarter, the comparative advantage of agriculture was obvious, and the added value of the primary industry increased by 5.9%, at a high level. Shandong is also a major manufacturing province. From the equipment manufacturing industry such as heavy trucks to the consumer goods industry such as smart appliances, from the national heavy equipment such as marine engineering equipment to the anti epidemic materials such as masks, gloves and protective clothing, Shandong can realize self circulation and ensure the stable operation of the industry in the whole province. In the first quarter, the growth of industrial added value was 0.4 percentage points higher than the average growth rate in recent five years, reaching the potential growth level. The rapid development of high-end producer services in Shandong Province has accelerated the progress of high-end industry, effectively promoted the coordinated and integrated development of the three industries, effectively resisted the short-term impact of the epidemic on enterprises, and also better supported the stable and better operation of the economy in the first quarter.
Third, investment has reached a high growth rate in the past seven years, which has effectively supported the stable operation of social economy. Benefiting from the continuous high operation of raw material prices in recent two years, enterprises in Shandong Province have good profits and abundant funds, which has stimulated the willingness of market players to move towards the high-end of the industry and extend to the downstream of products, driving the investment enthusiasm to increase significantly. Especially since the end of last year, the province has planned "ten actions" to expand demand, focusing on 15000 key projects in provinces, cities and counties. In the first quarter, fixed asset investment achieved double-digit rapid growth, 8.1 percentage points higher than the average level of the previous five years, and has reached a relatively high growth rate in recent seven years. Investment in high-speed, efficient and high-quality operation also made up for the impact of the epidemic on consumption to a large extent, and made a strong contribution to the steady economic growth of the province in the first quarter.
Fourth, the recovery of the service industry continued to accelerate, effectively supporting the stable operation of the social economy. The whole province has firmly grasped the law of economic development, accurately understood the characteristics of Shandong's economic structure, and continued to promote the development of the tertiary industry. The growth rate of the service industry has been higher than that of GDP for many years, and has become the main engine of the province's high-quality economic development. In 2021, the contribution rate of the service industry to the province's economic growth has reached 60%. From January to February this year, the service industry in Shandong Province continued its rapid growth trend, with operating revenue increasing by 28.2%, 16.5 percentage points higher than the average growth rate in the previous five years. In particular, the operating revenue of producer services increased by 29.6%, which provided strong support for the province's economy to achieve a stable and good start.
Fifth, the new driving force of the economy is growing rapidly, which strongly supports the operation of social economy. After nearly five years of continuous efforts to promote the transformation of old and new kinetic energy, some new highlights and new growth points have emerged at both ends of supply and demand in Shandong Province. These industries and fields have developed rapidly, with many increments, good prospects and sufficient potential, which are highly consistent with the actions of "top ten innovations", "top ten industries" and "top ten demand expansion" in our province, and effectively enhance the synergy between supply and demand. For example, scientific and technological innovation has boosted the rapid development of "neck" technology related fields, and industries such as industry Siasun Robot&Automation Co.Ltd(300024) , high-end machine tool manufacturing and pneumatic power machinery manufacturing have maintained rapid growth. For example, the "double carbon" strategy has guided the green and environmental protection industry in Shandong Province to open the prelude to rapid development. The photovoltaic equipment manufacturing industry representing the new energy industry has increased by more than 200%, and the environmental pollution control industry has increased by more than 50%.
Lu Wanming said that in general, in the first quarter, Shandong's economic development had strong toughness, great potential and sufficient potential. The province's ability to coordinate epidemic prevention and control and economic development at all levels continued to improve. The overall operation efficiency of the national economy continued to be consolidated, and the potential of domestic and foreign demand support was accelerated. It effectively hedged the impact of the short-term epidemic on the province's economy, made hard won achievements, and laid a solid foundation for the stable operation of the economy throughout the year.
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