Jinan and Economic Trends
Jinan is a sub-provincial city and the capital of Shandong province. Located at the center of the province, it borders Mount Tai in the south and the Yellow River in the north. The city is also the political, economic, cultural, scientific, and financial center of the province. It covers an area of 10,247 square kilometers with a population of 9 million and has jurisdiction over 10 districts and 2 counties.
As a major economic junction within the Bohai Economic Rim, the city serves as a hub for the province's railways, highways, and airlines. Through government strategies and numerous research and educational facilities, the city's economy has transformed from one based on agricultural produce to one that is based on technology. Its main industries are electronic information, transportation equipment, home appliances, machinery manufacturing, bio-engineering, and textile.
In 2021, the GDP reached 1.14 trillion RMB, up 7.2 % compared to the previous year, while the GDP per capita amounted to 58,000 RMB. The total value of Jinan’s international trade reached 271 billion RMB in 2021, with the exports amounting to 194 billion RMB and the total value of imports to 77 billion RMB.
The Chinese City Tier System consists of a system of tiers used by analysts to classify Chinese cities and rank them in a hierarchy. Cities in different tiers reflect differences in consumer behaviour, income level, population size, consumer sophistication, infrastructure, talent pool, and business opportunity.