The industrial added value of east China's Shandong Province surged by 28.4 percent year on year to reach 567.93 billion yuan (about 70 billion US dollars) in the first eight months this year, the latest statistics show.

According to the provincial statistics bureau, the total figure included 197.75 billion yuan (24.38 billion US dollars) in light industrial added value, up 30.8 percent over last year's same period, and 370.17 billion yuan (45.64 billion US dollars) in heavy industrial added value, a year on year rise of 27.9 percent.

The added value of the province's share-holding industrial businesses went up by 29.1 percent to reach 308.2 billion yuan (about 38 billion US dollars) in the January-August period.

State-owned and state-controlled industrial businesses reported a 15.4 percent rise in industrial added value in the eight-month period.

Shandong Province's industrial enterprises reported an export of 223.82 billion yuan (27.59 billion US dollars) in the first eight months, a rise of 35.5 percent year on year.

The province reported a production/sales ratio at 98 percent.

Source: Xinhua