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A Survey of Urban Economic and Social Development

2017/6/2

To "highlight the characteristics of Qingdao’s blue culture, create a modern marine culture city" for the construction goal.

As an important economic center and port city on the eastern coast of China, Qingdao ranks 8th among cities in China in terms of comprehensive economic strength. It has seen rapid growth and formed a complete economic system with oceanic characteristics supported by home appliances and electronic sets, shipping logistics, maritime science, and cultural tourism. Being reputed as the “City of Brands in China”, Qingdao is home to many world known brands, including “Tsingtao Beer” “Haier” “Hisence”, etc. With an annual growth rate of 8.0%, the city’s GDP reached 120 billion US dollars in 2014. The three industries takes up 4.2%, 44.6% and 51.2% respectively in economy structure. In 2014, the annual fiscal revenue of the city reached 40 billion US dollars and the GDP and per capita comprised 16,000 US dollars.

Internationally, Qingdao is a major business seaport and transport junction, and trade relations have been established with 216 countries and regions worldwide. Qingdao has 64 sister cities globally and 119 companies among the Fortune 500 have invested here. The total volume of foreign trade is approximately 80 billion US dollars. Qingdao was named “the best business city in China” by American Fortune (Chinese version) and ranked one of six "golden cities" by the World Bank assessed on factors including investment climate.

As a world renowned seaside tourist city and China’s Excellent Tourism City, Qingdao attracted over 68 million tourists from home and abroad in 2016, bringing a tourism revenue of over 100 billion yuan.


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