China's Shandong Sets Economic Growth Goal For 2001East coastal China's Shandong province has set its economic growth rate in the next year at 9 percent.Provincial economic officials said at a recent meeting that the target was based on the province's current economic and market situation and is "not so high." According to the officials, Shandong will concentrate its efforts on deepening market reform, restructuring its economy and improving the overall economic performance next year. Shandong is China's third economic giant next only to Guangdong and Jiangsu in terms of the economic gross. Its economic growth rate has been some 2 percentage points higher than the national average over the past years. Its economic growth rate was 10.2 percent last year and is expected to reach 10.5 percent this year. According to an official source, Shandong has planned to invest 12 percent more in fixed-assets and absorb 6 percent more materialized overseas investments next year. |
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