Qingdao invests 205 bln to spur industry
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The Qingdao Municipal Commission of Economic and Information Technology recently published a list of 475 major industrial projects with 205 billion yuan (US$33.07 billion) of investment. Against the backdrop of global adjustment and China's economic development, Qingdao is planning to upgrade industrial structure. 390 of the projects are distributed among ten 100-billion-yuan industrial chains including home appliances, petrochemicals, ships and electronic information. They will have a total investment of 169.24 billion yuan, more than 80 percent of the total. Among them, there are 240 new projects with 154.5 billion of investment; and 235 technological upgrade projects, with 50.5 billion yuan. Of all projects, 38 projects are valued above 1 billion yuan each; 312 projects, attracting 197.7 billion yuan of investment, valued above 100 million yuan each; and 163 projects, attracting 7.3 billion yuan of investment, are valued below 100 million yuan each. |
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