Both industrial investment and private investment in Qingdao
witness exceptional upward trend
Web Editor: ( Liu Lanxing)
On the Qingdao metro intelligent marine town project site, a worker is surveying. By Liu Dong
According to Qingdao Municipal Bureau of Statistics, the citywide investments in Qingdao from January to August has witnessed an increase of 5 percent year-on-year. Industrial investment in key fields and private investment in key campaigns are the two highlights of investments in Qingdao in the first eight months.
From January to August, 1,686 industrial projects are under construction in Qingdao, an year-on-year growth of 411 and completed investment has grown 6.3 percent. What merits attention is that investment in manufacturing industry, a key for industrial structure upgrading, has risen 9.7 percent, 3.4 percentage points than the growth rate of industrial investment and accounting for 94.1 percent of industrial investment. It reflects that investment in manufacturing industry is playing a bigger role in propping up industrial investment. Four manufacturing segments, namely metal products, general-purpose equipment, special equipment, chemical raw material and chemical products, which attract the largest number of projects and the most investment, are the manufacturing fields in Qingdao with the most concentrated investment.
In terms of private investment, 3,379 privately-invested projects are under construction in Qingdao, an year-on-year increase of 738 and their completed investment has grown 18 percent. There are 1,617 private investment projects worth over 100 million yuan, 340 more than the same period of last year, achieving 17.7 percent growth of completed investment, accounting for 85.5 percent of the total private investment and playing a dominant role among private investment. In terms of investment scale, projects with an investment worth from 500 million yuan to 5 billion yuan, which witness rapider progress, play an increasingly important role in propping up citywide private investment and provide a powerful force for steady development in the future.