1. Ggeneral Situation
In 2017, Jinan's GDP amounted to 720.196 billion yuan, with an increase of 8% over the previous year, among which the primary industry added value 31.74 billion yuan, with an increase of 3.3%; the secondary industry added value 256.922 billion yuan, with an increase of 8.4%; and the tertiary industry added value 431.534 billion yuan, with an increase of 8.2%. The continued proportion of primary industry to the second industry and tertiary industry was 4.4:35.7:59.9. The Jinan’s Per Capita GDP was 98967 yuan, with an increase of 6.6%, which was converted to $14652 at an average annual exchange rate.
The employment situation remained stable in the year, with the newly increased urban employment of 189,000 people, and the year-end registered unemployment rate of 2.08%.
Consumer prices of household rose modestly. Consumer price rose by 2% yearly, among which the prices of food, tobacco and alcohol fell 0.2%, and industrial producer ex-factory price rose by 5.7%, and industrial producers purchase price went up by 13.9%.
Consumer Price Index in 2017
(same period last year = 100)
Food, Tobacco and Alcohol
Articles of Daily Use and Services
Transportation and Communication
Education, Culture and Entertainment
Other Articles and Services
Modern service industry and non-public economy developed steadily. The modern service industry realized yearly the increment value 225.224 billion yuan, which accounted for the proportion of 52.2% of service industry. The non-public economy added a value of 307.508 billion yuan, which took a percentage of 42.7% of Jinan’s GDP, with 0.1% increase over the previous year, among which the private economy added a value of 268.604 billion yuan, which took the proportion of 37.3% of Jinan’s GDP, an increase of 0.1% over the last year.
New drives of growth and new economy developed rapidly. High-tech industry grew rapidly. The added value of Jinan high-tech industry increased by 20.9%, the cumulative realization of the main business income reached 87.95 billion yuan, with an increase of 13.8%. Industrial enterprises above the designated size achieved high-and-new-tech output value of 266.12 billion yuan, an increase of 20.1%. The equipment manufacturing industry has demonstrated strong momentum of growth. Equipment manufacturing industry achieved added value increase of 20.2%, which accounted for the proportion of 50.9% of the total added value of the industrial enterprises above the designated size, up 2.7% compared with the previous year. High-and-new-tech products were full of vigor. The production of new energy vehicles increased by 157.1% with 18,000 produced, industrial robots increased by 21.1% with 575 produced; servers increased by 16.2% with 565,000 produced. New forms of trade developed rapidly. Retail, wholesale and service enterprises above the quota achieved online retail sales growth of 34.6%, which was 26% higher than the retail sales average increase of enterprises above the quota.
Quan Cheng Square
The plantation structure continued to be adjusted. The seeded area of food crops was 6.422 million mu all through the year, up 1% compared with the previous year, and the other areas were as follows: cotton 119,000 mu with a fall of 20.6%, oil plants 177,000 mu with a fall of 0.5%, vegetable 1.37 million mu with a fall of 3.6%, the year-end orchard 465,000 mu with an increase of 0.2%. The total production of grain was 2.584 million tons, an increase of 0.4% compared with the previous year, and the other productions were as follows: cotton 10,000 tons with a fall of 24.8%, oil plants 42,000 tons with an increase of 1.7%, vegetable 6.142 million tons with a fall of 3.2%, and fruit 515,000 tons with an increase of 3.9%.
The overall production of forest, herd and fishing was stable. 57,000 acres of afforestation were completed throughout the year, with new seedlings of 24,000 acres. The total meat production was 359,000 tons, basically the same as the amount of previous year; and 331,000 tons of eggs with a fall of 5.7%, and 307,000 ton of milk with an increase of 18.8%. The total aquaculture area was 100,000 mu, a fall of 5.7%, and the output of aquatic products was 41,000 ton, a fall of 12.8%.
The level of agricultural industrialization continued to improve. Jinan municipal agricultural leading enterprises were 420, with 35 new identified ones; the farmers’ professional cooperatives were up to 6,416, with 527 new registered ones. Several standardized demonstration farms of livestock breeding were newly built, including 4 national, 13 provincial, and 17 municipal ones.
3. Industry and Construction Industry
Industrial production has grown steadily. The annual total industrial growth increased by 8.9% compared with the previous year. The industrial enterprises above the designated size increased by 9.8%, in terms of the type of economy, the value of public-owned economy increased by 6.2%, and the value of non-public economy increased by 12.3%; in terms of the light and heavy industry, the value of light industry increased by 16.8% and the value of heavy industry increased by 7.9%.
Key industries continued to show good momentum. The added value of 25 of 40 major industrial sectors increased, with the proportion of increase of 62.5%.
The Added Value of Key Industries Above the Designated Size in 2017
Accumulated Increase (%)
General Equipment Manufacturing
Computer, Communication and other Electronic Equipment
Petroleum Processing, Coking and Nuclear Fuel Processing
Non-metallic Minerals Products
Chemical Raw Material and Chemical Products Manufacturing
Electric Mechanical and Equipment Manufacturing
Production and Supply of Electricity and Heating Power
The production and marketing of industrial products were well connected. The sales-output ratio of industrial products above the designated size was 98.4%. The export delivery value achieved 31.4 billion yuan, an increase of 14.7% compared with the previous year. Total 85 of the 149 kinds of industrial major products (57% of the total) increased, and 19 kinds of them (12.8% of the total) increased by more than 30%.
Major Products Output of Industries Above Designated Size in 2017
±% compared with the previous year
100 million kwh
Crude Processing Volume
10 thousand tons
10 thousand tons
Graphite and Carbon Products
10 thousand tons
10 thousand tons
10 thousand tons
10 thousand kw
10 thousand tons
Power Generation Assembly
10 thousand kw
10 thousand KVA
10 thousand tons
10 thousand kl
10 thousand tons
Industrial economic benefits continued to improve. The main operation income of industrial enterprises above the designated size reached 603.75 billion yuan, an increase of 12.4%; the profit-and-tax realized 71.21 billion yuan, an increase of 5.5%; the profit realized 38.11 billion yuan, an increase of 13%, among which the automobile industry earned profit of 5.61 billion yuan, an increase of 88.3%, and the profitability of other industries were as follows: pharmaceutical manufacturing 5.4 billion yuan with an increase of 12%, general equipment manufacturing 4.03 billion yuan with an increase of 39.9%, chemical materials and chemical products 2.36 billion yuan with an increase of 36.4%, non-metallic mineral products 2.32 billion yuan with an increase of 20.2%, and special equipment manufacturing 1.56 billion yuan with an increase of 38.1%.
The construction industry was developing smoothly and steadily. The whole construction industry added 56.975 billion yuan a year, an increase of 6.2%, which accounted for 7.9% of Jinan’s GDP. The construction enterprises with qualification certificate were 504, including 44 new qualifiers. The total output value of the construction industry was 221.89 billion yuan, an increase of 15.4%, among which the output value of state-owned and state-holding enterprises was 167.5 billion yuan, an increase of 19%. The contract amount was 579.91 billion yuan, an increase of 27.4%, among which the new signing contract amount was 266.14 billion yuan this year, an increase of 8.2%.
4. Fixed Assets Investment
The investment scale continued to expand. Jinan’s year-end fixed asset investment projects reached 4,161, a fall of 1.8%, among which the investment projects of 100 million or above were 1474, an increase of 350. Annual fixed asset investment amounted to 436.36 billion yuan, an increase of 13.5%. In terms of industry, the primary industry invested 9.75 billion yuan, an increase of 6.4%; secondary industry invested 144.18 billion yuan, an increase of 16.4%; and the third industry invested 282.42 billion yuan, an increase of 12.6%. In term of projects scale, projects of more than 5 billion yuan were 36, an increase of 9, which completed investment of 47 billion yuan the whole year, an increase of 12%, and accounted for 10.8% of Jinan's investment; projects of 1 billion yuan to 5 billion Yuan were 316, an increase of 57, which completed investment of 135.98 billion yuan the whole year, an increase of 23.3%, and accounted for 31.2% of Jinan's investment; projects of 100 million to 1 billion yuan were 1122, an increase of 288, which completed investment 145.27 billion yuan, an increase of 43.9%, and accounted for 33.3% of Jinan's investment. Private investment in Jinan amounted to 247.93 billion yuan, an increase of 5.7%.
5. Open Economy
The growth momentum of foreign trade was great. Total imports and exports amounted to 70.81 billion yuan, up 10.5% from the previous year, among which export 45.1 billion yuan, up 10.5%, and import 25.71 billion yuan, up 10.5%. In export market, the export to European countries and regions rose by 20.7%, exports to Southeast Asia, South Korea, and Japan rose by 30.1%, 32.6% and 6% respectively, and exports to United States, European Union rose by 28.4% and 17.2% respectively. Among the main export commodities, mechanical and electrical products exported 29.49 billion yuan, up 21.5%, and high-tech products exported 5.48 billion yuan, up 36.9%.
The use of foreign capital continued to improve. The actual use of foreign capital was 12.64 billion yuan, an increase of 12.6% year-on-year, among which 1.98 billion yuan was used in the manufacturing industry, and 9.9 billion yuan was used in the service industry. The projects of total investment over 100 million USD was 16, with the contractual foreign capital of 1.46 billion yuan. The world's Top 500 enterprises invested 8 projects, with the actual use of foreign investment of 4.12 billion yuan.
Economic cooperation with foreign countries was expanded. On the basis of recordation, total 46 overseas enterprises (institutions) were set up, and the actual investment of Jinan’s enterprises was 5.66 billion yuan, an increase of 24.4%. Various kinds of contract workers dispatched abroad were 7037 persons, an increase of 0.9%.
6. Transportation, Post and Telecommunications, and Exhibition
The development of transportation industry accelerated. The year-end mileage in highway open to traffic reached 12856.8 kilometers, an increase of 1% compared with the previous year, among which the domestic highway was 488.5 kilometers, an increase of 5.7%. The Jinan's road transportation carried 31.92 million passengers, a fall of 0.6%; the volume of passenger turnover was 5.27 billion man-kilometers, an increase of 0.9%. Highway freight volume was 240 million tons, an increase of 13%; rotation volume of freight transport was 45.95 billion ton-kilometers, an increase of 9.7%, its growing rate was listed on the first place in Shandong Province. The integrated passenger and freight transport turnover increased by 9.6%. The year-end civilian motor vehicles ownership was 2.065 million, among which the civilian vehicles was 1.95 million with an increase of 11.9%. The year-end bus lines were 332, an increase of 37, and the total line length was 6321.2 km, an increase of 430.2 km; the buses in operation was 7157, an increase of 1311; the passenger transportation volume was 770 million a year, a flat compared with last year. The yearly cumulative guaranteed aircraft takeoff and landing in Jinan Airport was 116,000 flights, an increase of 15.4%, with passenger throughput of 14.319 million man-times, an increase of 23.3%, and cargo and mail throughput of 95 thousand tons.
The post and telecommunication industry has grown rapidly. The cumulative operating income of postal enterprises and express service enterprises in Jinan (excluding the direct operating revenue of Postal Savings Bank) gained 4.87 billion yuan, an increase of 17.7%, with business volume of 6.47 billion yuan, and an increase of 19.1%. The express service enterprises earned business income of 3.78 billion yuan, an increase of 17.6%, with portfolio of 302.166 million pieces, an increase of 13%. The year-end mobile phone users reached 9.711 million persons, among which 4G users were 6.233 million, an increase of 41.5%.
Tourism was booming. Annual reception of visitors from home and abroad were 72.856 million man-times, an increase of 10.1%, among which domestic tourists received were 72.48 million persons, an increase of 10.1%, and inbound tourists received were 376,000 persons, an increase of 6.8%. Total tourism consumption gained 97.08 billion yuan, an increase of 14.6%, among which the domestic tourists consumed 87.53 billion yuan, an increase of 14.7%, and inbound tourists consumed 208.414 million USD, an increase of 6.3%. There were 49 A-grade tourist attractions in Jinan, among which 1 scenic spot was grade 5A, and 13 scenic spots were grade 4A. And also there were 30 provincial leading tourism townships, 82 provincial tourism characteristic villages, and 1 resort area above provincial level in Jinan.
The exhibition industry has developed steadily. In 2017, total 167 exhibitions were held throughout the year, among which 3 international exhibitions and 13 national exhibitions were held.
7. Public Finance and Finance Services
The financial revenue and expenditure were running well. Regional tax revenue was 113.49 billion yuan, up 10.6% from the previous year. General public budget income was 67.72 billion yuan, an increase of 10.5%, among which tax revenue was 54.18 billion yuan, an increase of 15.2%, and accounted for 80% of general public budget income, an increase of 3.3%. The general public budget expenditure was 83.41 billion yuan, an increase of 12.6% on the previous year, among which the expenditure of health care and family planning was 6.97 billion yuan, up 7.8%, the expenditure of social security and employment expenditure was 11.34 billion yuan, up 18%, and the expenditure of urban and rural community was18.42 billion yuan, an increase of 46.7%.
The scale of deposit and loan continued to expand. The year-end deposit balance of RMB and foreign currencies of financial institutions was 1656.06 billion yuan, an increase of 6.6%. The year-end loan balance of RMB and foreign currencies of financial institutions was 1435.03 billion yuan, an increase of 9.6%.
The number of financial institutions has steadily increased. The number of financial institutions was 572, an increase of 70, among which banks 49 with an increase of 2, insurance companies 90 with an increase of 3, securities sales departments 92 with an increase of 9, and other kinds of institutions 341 with an increase of 56.
The capital market steady developed. The securities transaction amount of securities sales department in Jinan was 3.1 trillion yuan. Futures sales department in Jinan conducted transaction of 7.3 trillion yuan through agents. The listed companies in Jinan at the end of the year were 33, with the total market value of 355.64 billion yuan.
The insurance industry has maintained a faster growth trend. Premium income was 38.11 billion yuan, an increase of 9.7%, among which the premium income from property insurance companies was 8.1 billion yuan, an increase of 14.1%, and the premium income from life insurance companies was 30.01 billion yuan, an increase of 8.5%. Various indemnities and payments were 8.87 billion yuan, an increase of 12.7%.