Jinan GDP among China's top 10 provincial capitals
(chinadaily.com.cn)| Updated : 2021-04-08Print Print
Jinan, capital of East China's Shandong province [Photo/jinannews.com]
Jinan, capital of East China's Shandong province, was listed among China's
top 10 provincial capitals in terms of GDP for the first time in 2020, according
to official data.
Jinan's GDP hit 1.01 trillion yuan ($156.73 billion) in 2020, ranking eighth among the 27 provincial and autonomous region capitals. The other provincial capitals making the top 10 list are Guangzhou, Chengdu, Hangzhou, Wuhan, Nanjing, Changsha, Zhengzhou, Hefei, and Xi'an.
Jinan saw remarkable progress during the 13th Five-Year Plan period (2016-20) in economic and social development. In 2020, the city's GDP increased by 4.9 percent year-on-year, ranking sixth among the 27 provincial and autonomous region capitals.
In 2020, the industrial added value above designated size in Jinan increased by 12.2 percent year-on-year, 9.4 percentage points higher than the national average and 7.2 points higher than Shandong's average.
According to official data from 2016-19, the average annual GDP of Jinan grew by 6.9 percent during the 13th Five-Year Plan period. The city's GDP surpassed one trillion yuan by the end of 2020, meaning it is now a member of China's one-trillion-yuan GDP club.
The "one-trillion-yuan GDP club" is made up of cities with an annual GDP of at least one trillion yuan. Twenty-three cities are currently in the club.