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.
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