The Taidong night market in Qingdao, Shandong province is still buzzing with activity in winter. [Photo by Meng Xianpeng/qingdaonews.com]

The province of Shandong has made great strides to ensure "six priorities" and stability in six areas, achieving steady economic and social development over 13th Five-Year Plan period (2016-2020), said local authorities.

In 2019, the province's GDP reached 7.1 trillion yuan ($1.08 trillion), ranking third in the country, while its per capita GDP exceeded $10,000.

Shandong has also made strenuous efforts to optimize and upgrade its industrial structure. In 2019, the proportion of primary to secondary to tertiary industry was 7.2:39.8:53.0, while the service sector accounted for 78.2 percent of economic growth.

The share of the value-added of the "four new economies" in GDP has risen from 22 percent in 2016 to 28 percent in 2019, and is expected to exceed 30 percent this year.

The output value of high-tech industries accounted for 40.1 percent of the total industrial output value last year, 7.6 percentage points higher than that of 2015. The number of high-tech enterprises reached 11,500 in 2019, nearly three times more than that of 2015.

The institutional environment, legal environment and business environment have also been significantly improved.

Currently, 1,228 provincial-level administrative procedures can be handled online, while 1,830 can be handled online at most once.

The opening procedure time of enterprises has been reduced from 20 days in 2016 to one day currently. The number of market entities has reached 11.56 million, an increase of more than 5 million over the end of 2015.