Qingdao, Shandong province [Photo/VCG]

In the first quarter of this year, the eastern coastal city of Qingdao, Shandong province, saw a year-on-year increase of 4.8 percent in its gross domestic product (GDP), which amounted to 350.39 billion yuan ($50.58 billion), according to official statistics.

The added value of its primary industry grew 4.2 percent year-on-year, reaching 3.52 billion yuan. The added value of the secondary industry was 111.08 billion yuan, up 4.1 percent, while the figure of the tertiary industry hit 235.79 billion yuan, up 5.1 percent.

From January to March, the added value of agriculture, forestry, animal husbandry and fishery industries in the city recorded 3.89 billion yuan, up 4.4 percent year-on-year.

The added value of its industries above designated size increased by 4.8 percent year-on-year. The new economic growth drivers continued to expand, with the added value of the city's high-tech manufacturing industry growing by 16.2 percent. The added value of computer and office equipment manufacturing, and medical equipment and instrumentation manufacturing increased by 31.1 percent and 10.4 percent, respectively.

Qingdao Port [Photo/VCG]

During the period, the added value of the city's service industry increased by 5.1 percent year-on-year, accounting for 67.3 percent of the city's GDP and contributed to 71.4 percent of its economic growth.

The city's fixed asset investment increased by 6.2 percent year-on-year. Investment in high-tech industries, strategic emerging industries, and the "four new economies" grew by 42.4 percent, 32.2 percent, and 8.3 percent, respectively

The total value of the city's foreign trade reached 207.54 billion yuan, with a year-on-year increase of 6.1 percent.

On top of that, 66,800 new urban jobs were created, up 27.8 percent year-on-year.