Qingdao’s economic performance from January to July was recently announced. According to statistics, in the first seven months, Qingdao sustained a rapid growth in industrial production, and continued to see rising industrial investment, particular in key sectors as well as increasingly consolidated fundamentals in urban economic development.

Over the period from January to July, the added value of industries above designated scale in Qingdao gained 9.7% year on year, and 29 of 35 divisions saw year-on-year increases in added value. Sectors including instrument and apparatus manufacturing, computers, communication and other electronic equipment manufacturing, railway, ship, aerospace and other transportation equipment manufacturing even reported more than 20% in growth. As for investment, industrial investment in Qingdao over the period increased 19.5% from the year before. Investments in manufacturing and strategic emerging industries saw a year-on-year increase of 21.2%and 7.1%, respectively. Such rising investment has injected strong impetus for the building of Qingdao into a pilot city of modern industries.

In regard to imports and exports, Qingdao’s trade of goods amounted to RMB516.61 bln, edging up 1.2% from the year before. Imports and exports by foreign-funded enterprises in the period totaled RMB99.49 bln, up 8.0% year on year. (Liu Lanxing)