Governor: Emphasis now on quality growth

Shandong's provincial government has lowered its GDP target and shifted its focus to the quality of growth, said Guo Shuqing, governor of the eastern coastal province.

"What we currently need is not rapid GDP growth, but optimization of the economic structure and promotion of better economic quality," Guo said in his government work report to the provincial People's Congress and People's Political Consultative Conference meetings held from Jan 26 to Feb 1.

Guo said Shandong's GDP last year totaled 5.94 trillion yuan ($949.2 billion), an increase of 8.7 percent from 2013 and 0.3 percentage points short of the 2014 target.