In the first three quarters, Qingdao West Coast New Area achieved a regional gross domestic product (GDP) of 387.8 billion yuan ($53.36 billion), marking a 6.1 percent growth and contributing to 31.3 percent of Qingdao's total GDP.
The new area's industrial sector has shown increased resilience, with industrial added value of enterprises above a designated size expanding by 8.5 percent.
Investment quality and efficiency have improved significantly, with 148 new projects signed, including 16 projects exceeding 3 billion yuan. High-tech industry investment soared by 89.1 percent, industrial investment grew by 25.9 percent, and industrial technology renovation investment increased by 16.7 percent.
The growth of emerging industries is notable, with the construction of specialized parks for sectors like integrated circuits, new displays, green low-carbon new materials, and hydrogen energy. Projects such as ultra-thin electronic glass and 3D automotive cover plates have been commissioned.
The Qingdao film and television base has added 125 new film and television enterprises, with a 13.8 percent rise in revenue from enterprises above a designated size.
The new area's marine economy is becoming more pronounced. In the first three quarters, marine output reached 167.6 billion yuan – an increase of 8.6 percent and 41.6 percent of the city's total.
Email: xhatg@qd.shandong.cn
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