Qingdao posts industrial growth in Jan-Nov period

The coastal city of Qingdao in East China's Shandong province registers steady industrial growth from January to November this year. [Photo/WeChat account: opinionline]

The coastal city of Qingdao in East China's Shandong province registered steady industrial growth from January to November this year, according to data released by the city's statistics bureau.

From January to November, the industrial added value of above-scale enterprises in the city increased by 5.5 percent year-on-year, a decrease of 0.4 percentage points compared to the period from January to October. Among the 35 major industries, 20 showed year-on-year growth, maintaining the same growth pattern as the period from January to October.

During that period, the city's fixed asset investment increased by 4.9 percent year-on-year, accelerating by 0.3 percentage points compared to the period from January to October. There were 6,912 ongoing projects in the city, an increase of 256 compared to the same period last year. Investment in primary industry increased by 0.1 percent year-on-year, investment in secondary industry increased by 15.1 percent, and investment in tertiary industry increased by 2.6 percent.

From January to November, the city's total import and export value reached 805.67 billion yuan ($113.56 billion), a year-on-year increase of 6.1 percent, surpassing the national and provincial growth rates by 6.1 and 3.9 percentage points, respectively. More specifically, exports amounted to 432.69 billion yuan, a year-on-year increase of 1.6 percent, surpassing the national and provincial growth rates by 1.3 and 0.1 percentage points, respectively. Imports amounted to 372.98 billion yuan, an increase of 12.0 percent, surpassing the national and provincial growth rates by 8.7 and 12.5 percentage points, respectively.

From January to November, Qingdao's industrial added value of scale-above enterprises increased by 5.5 percent year-on-year. [Photo/WeChat account: opinionline]

Qingdao is home to a large number of well-known enterprises based at home and abroad, such as Hisense, Shandong Port Group, and Haier Group. [Photo/Guanhai News]