The gross domestic product of East China's Shandong province grew 3.6 percent in 2020, according to a news conference held on Jan 19 by the Information Office of Shandong Provincial People's Government.

The province's GDP hit 7.31 trillion yuan (about $1.13 trillion) last year as its economy recovered in all respects, said local officials.

A night view of downtown Jinan, capital of Shandong province [Photo/VCG]

The added value of the province's primary industry was 536.38 billion yuan, up 2.7 percent. The added value of its secondary industry reached 2.86 trillion yuan, up 3.3 percent, while the added value of its tertiary industry recorded 3.92 trillion yuan, up 3.9 percent.

The total grain output of the agricultural powerhouse for the year hit 54.47 million tons, an increase of 898,000 tons over the previous year. This was the highest output in China.

Livestock production capacity in Shandong continued to recover over the past year. The output of pigs, cattle, sheep and poultry was 7.22 million tons, up 3.3 percent over the previous year.

The industrial added value above designated size in Shandong grew by 5 percent in 2020. In December, it stood at 9.2 percent. This was the fifth consecutive month the growth rate was above 9 percent.

The profit of industries above designated scale continued to improve. From January to November, the operating revenue reached 7.53 trillion yuan, up by 1.6 percent, while profit reached 369.96 billion yuan, up 13.1 percent.

In the first few months of 2020, the operating revenue of services above designated size reached 757.05 billion yuan, up 2.6 percent.

Total retail sales of consumer goods reached 2.92 trillion yuan, the same as the previous year, with an increase of 11.2 percent in the fourth quarter.

Investment in fixed assets grew by 3.6 percent over the previous year. Investment in the primary industry increased by 43.6 percent. Investment in the secondary industry increased by 8 percent, while investment in the tertiary industry rose by 0.7 percent.

Private investment grew by 6.9 percent. Investment in high-tech industries increased by 21.6 percent.