Business / Economy

How Shandong is implementing supply-side reform

By Zhang Jie ( Updated: 2016-09-23 06:56


How Shandong is implementing supply-side reform

Visitors view tulip flowers in Jinan Botanic Garden in Jinan, capital of East China's Shandong province, April 17, 2016. [Photo/Xinhua]

The GDP growth rate of Shandong, a coastal province in East China, was 7.3 percent in the first half of 2016, well above the national average of 6.3 percent, and the GDP was 3.17 trillion yuan ($475.4 billion), ranking third in the country.

To ensure sustainable economic growth, and adapt to the current economic climate, known as the "new normal", Shandong government has implemented a series of programs to push forward supply-side structural reform.

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