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Five years of stellar progress

ingdao has surpassed expectations of its 11th Five-Year Plan (2006-2010), delivering extraordinary economic performance and social development.

This year is the last year of the plan in which the port city has made big strides in restructuring industry, deepening economic reforms, opening up and innovating.

It has made significant progress in marine science and technology, as well as energy conservation.

A modern industrial structure supported by modern manufacturing, service and farming sectors is taking shape.

Qingdao's economy achieved a year-on-year growth of 12.2 percent in 2009, driven by its strong and vigorous manufacturing industry.

Gross domestic product soared to 489 billion yuan (US$71.7 billion) last year, running at a double-digit pace for 13 consecutive years, and its per capita GDP hit US$10,000 in 2009. The average annual increase of the city's GDP registered at around 14 percent during 2005 and 2010.

The city reaped about 146.4 billion yuan in fiscal revenue last year, up 16.9 percent from a year earlier.

Residents' disposable income jumped 9.3 percent to 22,368 yuan.

This year, Qingdao was ranked No. 10 among 294 Chinese cities in competitiveness by the Chinese Academy of Social Sciences in its annual rating. It also ranked No. 10 last year.

Total industrial output maintained a strong increase of over 20 percent over the past five years, with core manufacturing sub-sectors such as home electronics, automobile and locomotive and shipping taking the lead.

The city government is giving priority to its seven core industries (electronics, textiles, petrochemicals, food and beverage, steel and iron, auto, and locomotive and shipping) as well as five emerging sectors - new energy, new materials, medicine and biotechnology, and energy conservation and information technologies.

Construction is well under way on the Dongjiakou Port, a key project in marine business, and the Qingdao High-tech Industrial Development Zone.

Investment in livelihood

The city spares no efforts in improving people's livelihood and making it more equitable, said Qingdao Mayor Xia Geng. From 2005 to 2010, 37 billion yuan has been invested in projects that improve well-being. That includes 54 construction projects accounting for around 60 percent of the government's general budget revenue in the five years.

The Qingdao Grand Theater started its three-month trial run in October after five years' construction.

The theater is near Qingdao International Beer City and already has becomea landmark.

Construction on a number of medical centers is almost complete. The second terminal of the Qingdao Liuting International Airport went into operation in 2008. The Qingdao Sports Center, Swimming Center and Olympic Sailing Museum also opened to the public during the five years. In 2008 the city successfully hosted the Olympic Games' sailing events.

Investment has also been made in energy conservation and emissions-cutting projects, such as sewage treatment and more eco-friendly power and heat generation.

The city is developing a multi-layered housing structure targeting various low-income groups; it incorporates affordable housing, price-limited housing, low-rent housing and public rental housing.

Qingdao government is also building a more complete compulsory education system and improving its social security and social welfare systems.

The public transport network is being improved.

The development of Qingdao's marine biological pharmaceutical industry is in full swing as the city makes use of its geographic advantages. Construction of the Qingdao Marine Biological Pharmaceutical Industrial Park is well underway.

The 1.6 million-square-meter park will serve as the backbone of the city's marine economy. It is inside the Qingdao High-tech Industrial Development Zone, north of Jiaozhou Bay.

On August 30, a ground-breaking ceremony was held for the park's 100,000-square-meter incubator center. It will incorporate a GMP (Good Manufacturing Practice) platform, a GLP (Good Laboratory Practice) research center, laboratories and support facilities.

It will help start-up companies and attract emerging outsourcing firms, research and development centers and intermediary agents in the bio-pharmaceutical field.

The Marine Biological Pharmaceutical Industrial Park has already attracted projects worth 1.86 billion yuan. They include biological oligosaccharides, stem cells, biological tonics, coronary artery research and biochips.




 

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