China's Shandong sees slower, greener growth

Time:2019-02-18 09:18:07      Source: chinadaily.com.cn
Zouxian County Power Plant in Shandong province is one of the largest, most energy-efficient and environment-friendly coal-fired power plants in China. 
 
East China's Shandong province experienced a slower but greener economic growth last year amid a shift to an economy powered more by new growth drivers.
 
Shandong's gross domestic product, the third largest nationwide, grew 6.4 percent year on year to 7.65 trillion yuan ($1.13 trillion) in 2018, according to the provincial government work report delivered at the ongoing session of the provincial legislature.
 
It has set its economic growth target for 2019 at 6.5 percent. In 2017, its GDP expanded at an annual rate of 7.4 percent.
 
In 2019, the provincial government will actively apply to build the China (Shandong) pilot free trade zone and help local companies expand overseas markets, according to the report.
 
In 2018, fixed-asset investment and retail sales rose 4.1 percent and 8.8 percent, respectively. Foreign trade grew 7.7 percent to 1.93 trillion yuan, said the work report.
 
The province has been seeking new growth drivers while upgrading traditional industries.
 
In 2018, industrial output for enterprises with an annual turnover of at least 20 million yuan (about $3 million) grew 5.2 percent while that for high-tech companies grew at a faster 9.6 percent, it said.
 
Local authorities have stepped up efforts in pollution control, with over 1.3 GW of coal-fired power generation capacity being eliminated and clean energy power generation up 50 percent.
 
The average concentration of PM2.5, airborne particles smaller than 2.5 micrometers in diameter that pose serious health risks, declined 14 percent.
 
Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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