Briefly

Hunan posts 7.8%annual GDP growth

Central China's Hunan province's GDP totaled 4.58 trillion yuan ($720.1 billion) in 2021, up 7.8 percent year-on-year, local authorities said. The province's average GDP growth over the past two years reached 5.8 percent, above the national average of 5.1 percent, according to a government work report delivered at the ongoing fifth session of the 13th Hunan Provincial People's Congress. The report noted a stable trend in the province's economic development, with year-on-year growth in investment, consumption and foreign trade in 2021 hitting 8 percent, 14.4 percent, and 22.6 percent, respectively.

Shandong reports foreign trade surge

East China's Shandong province saw its foreign trade surge 32.4 percent year-on-year to 2.93 trillion yuan ($460.7 billion) in 2021, local authorities said. The province's exports reached 1.76 trillion yuan last year, up 34.8 percent from 2020, and imports hit 1.17 trillion yuan, or 29 percent higher, according to the Jinan Customs in the provincial capital. Both growth rates were above the national average. The province also reported a 40.8 percent surge in trade with markets along the Belt and Road. The figure hit 937.6 billion yuan, which accounted for 32 percent of the province's total in 2021.

Xinhua