According to Qingdao’s economic performance from January to April this year, as published by Qingdao municipal bureau of statistics, overall, Qingdao’s industrial production saw a robust growth, and key competitive sectors, such as railways, shipbuilding, aerospace, computers and telecommunications, were outstanding drivers of growth.

As is indicated by the statistics, Qingdao reported a year-on-year increase of 9.5% in the value added of industries above designated scale from January to April this year, 3.5 percentage points faster from the year before. 28 sectors, representing 80.0% of 35 sectors in total, recorded growth. The value added of the new and high-tech manufacturing sector above designated scale increased 10.3% year on year and 2.3 percentage points higher on quarter, and outgrew the value added of industries above designated scale by 0.8 percentage points.

In terms of investment growth in Qingdao, the emerging sector outpaces other sectors. Qingdao’s new and high-tech sector and strategic emerging sector saw a year-on-year increase of 105.8% and 13.7% in investment, 100.7 and 8.6 percentage points faster than the overall investment growth, respectively. Private investment across the city, gaining 7.0% year on year and accounting for 60.4% of the total, played an important role.  (Liu Lanxing)

A number of large-sized ships are under building in the Qingdao Haixi Bay Shipbuilding and Marine Engineering Industrial Base.