The nine comparative advantages draw a new picture of Shandong’s high-quality development

JINAN, China, Aug. 22, 2022 /PRNewswire/ — This is a report from the Shandong Office of Hong Kong business daily. On August 20, 2022, the Shandong Provincial Committee of the Communist Party of China held a news conference with the theme of "China’s ten years · Shandong". Li Ganjie, Secretary of the Shandong provincial Party committee, and Zhou Naixiang, deputy secretary of the Shandong provincial Party committee and governor, introduced to the reporters the historical achievements and changes in Shandong’s economic and social development since the 18th National Congress of the Communist Party of China. In answering a reporter’s question, Li Ganjie said that after years of development, Shandong has formed comparative advantages in at least nine aspects.

Li Ganjie said that Shandong’s nine major comparative advantages are as follows: first, the three industries can go hand in hand. Shandong’s primary, secondary and tertiary industries are not weak. The total agricultural output value took the lead in breaking through 1 trillion yuan. Last year, the operating income of Industrial Enterprises above Designated Size and the added value of service industry ranked third in the country.

Second, both sides of supply and demand can work together. Shandong is the only province in China with a permanent resident population and a household registration population of more than 100 million. It can create demand through optimizing supply, stimulate demand, and lead supply.

Third, new and old drivers can complement each other. In terms of new driving forces, the "four new" economic added value accounted for 31.7%, the number of high-tech enterprises exceeded 20000, and the output value of high-tech industries increased by nearly 12 percentage points to 46.8% in the past four years. In terms of old driving forces, traditional industries have been revitalized through digital empowerment and technological transformation.

Fourth, all kinds of enterprises can fly together. The development momentum of state-owned, private and foreign-funded enterprises in Shandong is good. The total assets of state-owned enterprises reached 4.1 trillion yuan, the added value of the private economy accounted for 52.2%, and the total number of foreign-funded enterprises reached 18000.

Fifth, land and sea resources can be developed as a whole. Shandong’s land and sea areas are basically the same. At present, Shandong has greater potential in the sea, and its total marine economy ranks second in China.

Sixth, transportation can extend in all directions. The construction of high-speed railways, expressways and ports has been accelerated, and the gold lettered signboard of "people can travel freely and things can flow freely" has become more and more bright.

Seventh, urban and rural areas can achieve balanced development. The income ratio of urban and rural residents narrowed to 2.26. The leading power of Jinan and Qingdao has been continuously enhanced, and the development of large, medium and small cities is relatively balanced.

Eighth, opening up can be upgraded. Pilot free trade zone and Shanghai Cooperation Demonstration Zone have been approved one after another. RCEP has carried out pilot demonstration in Shandong. Shandong can play a greater role in opening up.

Ninth, cultural fertile soil can be cultivated deeply. Shandong is known as "the hometown of Confucius and Mencius and the state of etiquette". It is also the largest hometown of overseas Chinese in Jiangbei. There are 1.2 million returned overseas Chinese and their relatives at home and 1.2 million overseas Chinese and overseas Chinese. It is rich in cultural resources.

Li Ganjie pointed out that these nine major comparative advantages are the foundation and confidence of Shandong’s high-quality development. In the next step, Shandong will continue to promote the transformation of new and old kinetic energy, resolutely eliminate backward kinetic energy, resolutely transform and upgrade traditional kinetic energy, and resolutely cultivate and expand new kinetic energy. At the same time, we will solidly follow the path of green and low-carbon development, implement the nine major projects of energy transformation and development, and accelerate the promotion of green, low-carbon and high-quality development. In addition, we have always taken safeguarding and improving the people’s livelihood as the starting point and foothold, focused on increasing the employment and income of urban and rural residents, constantly improving the people’s lives and promoting common prosperity.

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