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Shandong Q1 GDP Grows 4.7%

CHINA PRESS

Shandong province Q1 GDP grew by 4.7% y/y, with industrial output expanding at 5.9%, according to the 21st Century Herald. Primary industry increased 3.8%, secondary industry was up 5.1% and tertiary industry gained 4.5%. Official Q1 data showed tourism visitors recovered to 101.6% of 2019 levels, which accounted for 85.6% of revenue. The tourism department expects growth to pick up further in Q2 during April and the May holiday. Retail sales were up 5.6%, with authorities launching various consumption boosting activities in Q1.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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