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Qingdao’s ten industry chains see output rise of 9.4% in First Half

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The output of the ten 100-billion-yuan ($16.24 billion) industry chains, that Qingdao has been working hard to foster, jumped 9.4 percent in the first half of 2014 over the same period last year, according to the city’s commission of economy and information technology.

Among the industry chains, the output of rail transport equipment soared 32.5 percent year-on-year in the first half, the electronic information sector’s output rose 16.7 percent, the output of the home appliances sector increased by 14.3 percent and the car industry’s output jumped 12.4 percent.

So far, six industry chains – home appliances, petrol chemical, garments, food, mechanical equipment and electronic information -- have posted outputs exceeding 100 billion yuan ($16 billion).

In the first half, the eastern Chinese coastal city focused on pushing forward 388 projects under the industry-chain program, with planned investments totaling 155 billion yuan ($25 billion).

Among them, 47 projects were completed, with 6.39 billion yuan ($1.04 billion) invested, 244 projects with planned investments of 100.7 billion yuan ($16 billion) were under construction, 88 projects with planned investments of 41.03 billion yuan ($6.7 billion) entered the preliminary stage, and 9 others with planned investments of 5.35 billion ($860 million) yuan were registered or signed into contracts.

In 2013, industrial enterprises of the ten industry chains realized a total output of more than 1.2 trillion yuan, making up 75 percent of Qingdao’s total industrial output last year.

 
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