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Qingdao looks back on decade of achievements

(chinadaily.com.cn) | 2022-09-28

The eastern coastal city of Qingdao, Shandong province has been ramping up efforts to promote high-quality development and has made remarkable achievements in the past decade, according to a top municipal official at a news conference held on Sept 27.

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A news conference on Qingdao's achievements over the past 10 years is held in Qingdao on Sept 27. [Photo/Qingdao News]

Official data indicated that over the past decade, its gross domestic product (GDP) increased from 686.96 billion yuan ($95.08 billion) in 2012 to 1.41 trillion yuan in 2021, ranking first in Shandong and 13th nationwide. Its revenue in the general public budget doubled to 136.83 billion yuan.

Over the past 10 years, Qingdao has been committed to expediting the replacement of old growth drivers with new ones. There are 5,554 high-tech enterprises in the city, accounting for 27 percent of the provincial total. The added value of the new economy and the marine economy accounted for more than 30 percent of the city's GDP.

The city has continued to deepen reform and opening-up, and the vitality of urban development has achieved a historic increase in the past decade. The cargo and container throughput of Qingdao Port ranked 4th and 6th in the world, respectively. The city's foreign trade value increased by 84.3 percent, reaching 849.8 billion yuan in 2021. The actual use of foreign capital reached 59.1 billion yuan, accounting for 39 percent of the provincial total.

The city has also witnessed significant progress in improving people's wellbeing. In the past 10 years, the per capita disposable income of urban and rural residents increased annually by 7.5 percent and 8.7 percent, respectively. More than 540,000 new urban jobs were created each year, and the government's total spending on people's livelihood remained at around 70 percent.

Qingdao will continue to beef up efforts to accelerate green and low-carbon development, meet people's demands for a beautiful environment and achieve higher-quality and more sustainable development, according to local officials.