Shandong Reports GDP Growth Rate of 10.4 Percent

The coastal province of Shandong in east China has reported a gross domestic product of 598.5 billion RMB over the past nine months, up 10.4 percent from the year-ago period.

Industrial production reports the fastest growth rate of 11.8 percent in terms of output value while agriculture production reports the slowest growth rate of 4.7 percent.

Along with the recovery of the growth rate, people are more optimistic about the prospect of local economic development.

A survey of 2,905 enterprises across the province by the provincial statistics bureau show that the confidence index of entrepreneurs in the third season this year is 0.55 percentage point higher than that in the second season, and 17.08 points higher than the same period last year.

Shandong is China's third largest economic power following Guangdong and Jiangsu province.

People's Daily Online --- http://english.peopledaily.com.cn/