Home » Qinghai Province’s 2024 GDP target is about 5%, and the output value of the photovoltaic manufacturing industry strives to exceed 100 billion yuan.

Qinghai Province’s 2024 GDP target is about 5%, and the output value of the photovoltaic manufacturing industry strives to exceed 100 billion yuan.

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The 14th People’s Congress of Qinghai Province Opens, Governor Wu Xiaojun Delivers Government Work Report

On January 24, the second session of the 14th People’s Congress of Qinghai Province opened in Xining. Wu Xiaojun, Governor of the People’s Government of Qinghai Province, delivered a government work report outlining the province’s development goals for 2023 and 2024.

The report highlighted that 2023 marks the first year for fully implementing the spirit of the 20th National Congress of the Communist Party of China. Qinghai Province aims to promote development, take on responsibilities, and implement hard work, with the economy expected to develop in waves and twists and turns. The province’s GDP increased by 5.3%, the per capita disposable income of all residents increased by 5.9%, and the urban surveyed unemployment rate stood at 5.5%.

One significant highlight for 2023 is the strong development momentum in the Qinghai Salt Lake industry. Wu Xiaojun mentioned that the construction of a world-class salt lake industrial base has been accelerated, leading to the formation of five major industrial clusters. The province also achieved success in lithium production, with lithium carbonate reaching 110,000 tons, an increase of 49.4%, and the technology for extracting lithium from brine leading the world.

Looking ahead to 2024, Qinghai Province aims for its GDP to grow by about 5% and to create more than 60,000 new jobs in cities and towns. Additionally, the province plans to focus on the development of its salt lake industry, clean energy promotion, and acceleration of transformation and improvement projects.

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In terms of economic performance, the gross product (GDP) of Qinghai Province in 2023 was 379.91 billion yuan, an increase of 5.3% over the previous year based on comparable prices. The added value of industries above designated size in Qinghai Province also increased by 5.6% in 2023 compared with the previous year.

Investment in 2023 saw fixed asset investment of 162.22 billion yuan, with industrial investment increasing by 11.0% over the previous year.

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