As the 14th Five-Year Plan period (2021-25) nears completion, Shandong is set to showcase its significant achievements in economic and social development.

The province's economic strength has achieved a new milestone, with the regional GDP rising from 7.44 trillion yuan ($1.04 trillion) in 2020 to 9.86 trillion yuan in 2024, accounting for 7.31 percent of the national total. The economic aggregate is expected to increase by nearly 3 trillion yuan.

During the 14th FYP period, Shandong has focused on cultivating new quality productive forces, enhancing its green, low-carbon, and high-quality development. It has established and standardized a national laboratory in the marine field, the only one of its kind in China. The proportion of high-tech industry output value in the above-scale industry has risen to 55.2 percent, and the number of national industrial internet platforms has reached 46, ranking first in the country.

The overall development of the Shandong Peninsula city group has steadily improved. The total output value of agriculture, forestry, animal husbandry, and fishery ranks first in the country, reaching 1.28 trillion yuan so far. The throughput of coastal ports has remained the highest in the country for three consecutive years, expected to reach 2.1 billion metric tons.

Additionally, Shandong is committed to creating a premier environment for investment and enterprise development. To date, 52 companies in the province have made the "Top 500 Chinese Enterprises" list, and 71 have made the "Top 500 Chinese Manufacturing Enterprises". Furthermore, the added value of the private economy grew by 34 percent, and the number of private economic entities reached 14.4 million in the province.