A panorama of Zibo. [Photo/WeChat ID: zibowenhualvyou]
Zibo city – located in East China's Shandong province – has prioritized its commercial stability while pursuing progress in its economy and is understood to have laid out a solid foundation for accomplishing this year's targets and tasks.
In the first half of the year, its GDP hit 219.93 billion yuan ($32.99 billion), up 4.2 percent year-on-year, according to a news conference held on July 26.
The supply of major agricultural products in Zibo reportedly remained stable in the first six months. The total output value of the city's agriculture, forestry, animal husbandry and fishery industries reached 14.81 billion yuan, up 3.6 percent year-on-year.
Meanwhile, the city's industrial economy maintained solid momentum in growth, with four emerging sectors – new materials, intelligent manufacturing, new medicines and electronic information – accelerating their expansion.
In addition, Zibo's added value of industries above designated size increased by 9.1 percent year-on-year. The added value of the intelligent manufacturing and electronic information industries grew by 26.1 percent and 55.6 percent year-on-year, respectively.
According to the news conference, investment is playing an increasingly strong role in supporting the city's steady growth. In the first half of the year, fixed asset investment increased by 17.4 percent in Zibo.
