Shandong boasts a strong food manufacturing and processes industry, focusing on supplying vegetables and seafood; additionally, the province has a strong excavating and energy industry related to coal and oil. Its high tech industry has been growing quickly and the local government will continue to champion this sector, particularly the development of computers and software related to network communications. The province also benefits from both a large consumer market and notable South Korean investment and tourism directed at Shandong’s peninsula.

Despite Shandong's size and population, th province lacks the economic vitality of its same-size neighbors such as Jiangsu and Guangdong. As well, the province remains very energy inefficient, with the highest fossil fuel consumption in China.

Shandong's GDP grew 9.8% to RMB5 trillion in 2012.


Shandong Quick Facts
  • Area
    156,700 km2
  • Population:
  • Population density:
    600 people/km2
  • Gross domestic product:
    3917.0 billion RMB
  • GDP per capita:
    41106 RMB
  • GDP growth:
  • Fixed Asset Investment:
    2327.7 billion RMB
  • Utilized Foreign Direct Investment:
    9.2 billion US$
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Top 5 Shandong Companies
    • Yanzhou Coal Mining Co (NYSE: YZC, SHA: 600188, HKG: 1171) is a leading coal miner and transporter. It posted RMB34.84 billion in revenues and RMB9.01 billion in net profits for 2010.
    • Weichai Power Co (SHE: 000338) is an automotive and engine researcher, developer and manufacturer. It posted RMB63.28 billion in revenues and RMB6.78 billion in net profits for 2010.
    • Shandong Gold Mining Co (SHA: 600547) is a leading gold miner and smelter. It posted RMB31.51 billion in revenues and RMB1.22 billion in net profits for 2010.
    • Yantai Changyu Pioneer Wine Co (SHE: 000869) is a leading wine and other alcoholic beverage maker and distributor. It posted RMB4.98 billion in revenues and RMB1.43 billion in net profits for 2010.
    • Tsingtao Brewery Co (SHA: 600600) is China's most famous brand of beer. It posted RMB19.9 billion in revenues and RMB1.52 billion in net profits for 2010.

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Shandong Economic and Technological Development Zones

    Jinan Hi-Tech Industrial Development Zone
    Jinan Export Processing Zone
    Qingdao Economic & Technological Development Area
    Qingdao Free Trade Zone
    Qingdao Hi-Tech Industrial Zone
    Weifang Hi-Tech Industry Development Zone
    Weihai Economic and Technological Development Zone
    Weihai Export Processing Zone
    Weihai Torch Hi-Tech Science Park
    Yantai Economic and Technological Development Area
    Yantai Export Processing Zone
    Zibo National New & Hi-Tech Technological Development Zone

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