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Qingdao's GDP up 9.6% in H1

Aug. 1, 2012 (China Knowledge) - Qingdao saw its gross domestic product rose 9.6% to RMB 335.53 billion in the first half of this year, which accounted for 13.9% of Shandong province's total, according to the latest statistics released by the Qingdao Statistics Bureau.

RMB 15.4 billion of the GDP was generated by the primary sector, up 3.3% YoY. RMB 163.84 billion and RMB 156.29 billion were generated in the secondary sector and the tertiary sector, 11% and 8.8% more than in the same period of 2011, respectively.

During the six months period, gross industrial output from enterprises with designated size or above of the city grew 15.7% YoY to RMB 693.79 billion, of which, RMB 424.5 billion was contributed by heavy industry.

In the first half of this year, the city's fixed-asset investment increased 22.1% from a year earlier to RMB 179.99 billion, including RMB 44.12 billion worth of investment in real estate development, 22.3% more than in the corresponding period of last year.

Qingdao's retail sales swelled 14.7% YoY to RMB 120.29 billion in the first half of this year, and its foreign trade rose 5.1% YoY to US$33.8 billion including US$19.07 billion in export value, up 2.7% YoY.

From January to June 2012, Qingdao's utilized FDI reached US$2.9 billion, reflecting a YoY increase of 32%.







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