Economic Performance - Shandong Province's GDP reached 23,466 billion yuan in Q1, with a year-on-year growth of 6.0% at constant prices, outperforming national expectations [1] - The province's economic stability is attributed to a solid production base and a steady recovery in demand, with both consumption and foreign trade showing positive momentum [1] Consumption and Retail - Social retail sales in Shandong grew by 5.6%, an increase of 0.6 percentage points compared to the previous year, driven by initiatives such as trade-in programs that generated over 31 billion yuan in consumption [1] - The provincial government allocated 50 million yuan to support cities in issuing consumption vouchers to stimulate market activity [1] Foreign Trade - Shandong's total import and export value reached 8,203.4 billion yuan in Q1, marking a 5.9% increase year-on-year, which is 2.4 percentage points higher than the previous year's total [2] - The province has successfully expanded its trade with emerging markets, achieving double-digit growth in exports to 89 countries, including significant increases in Africa, the Middle East, and Central Asia [2] Regional and Sectoral Balance - The foreign trade growth in Shandong is becoming more balanced across cities, with Qingdao maintaining a 2.3% growth rate, while cities in the central and western regions are narrowing the gap with eastern cities [3] - The province's industries are diversifying, with notable growth in high-end exports such as marine engineering equipment and integrated circuits, which increased by 84.7% and 60.2% respectively [3] Integration of Domestic and Foreign Trade - The integration of domestic and foreign trade is enhancing the efficiency of production, distribution, and consumption, allowing companies to leverage both domestic and international markets [4] - This integration is expected to improve product standards and quality, thereby enhancing the competitiveness of domestic enterprises and better meeting local consumer demands [4]