On the morning of October 23, the Information Office of People's Government of Shandong Province held a press conference to introduce the economic and social operation of the whole province in the first three quarters.

Xu Wen, Deputy Secretary-General and spokesman of People's Government of Shandong Province, and Director of the General Office, said that in the first three quarters of this year, the layout of new economic investment in Shandong has accelerated. The economic investment under "Four New" mode, with a year-on-year growth of 11.5%, accounts for 56.0% of the total investment, up by 3.0 percentage points year-on-year. Investment in high-tech manufacturing and high-tech service industries increased by 36.6% and 32.6%, respectively, which were 31.1 and 27.1 percentage points higher than the total investment. In addition, the emerging industries are also under rapid growth. The added value of high-tech manufacturing increased by 7.7%, accounting for 9.5% of the added value of industrial enterprises above designated size. The high-tech service industry maintained rapid growth, with the operating income increasing by 9.6% year-on-year from January to August, which was 5.9 percentage points higher than that of all service industries above designated size. Private enterprises achieved a total import and export value of RMB 1.78 trillion, with an increase of 4.3% and accounting for 73.8% of the total import and export value, up 1.3 percentage points year-on-year.