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Qingdao’s Fixed Assets Investment Reached a New High in Nearly Seven Years

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Qingdao’s Fixed Assets Investment Reached a New High in Nearly Seven Years

February 20
17:51 2020

The latest data released by Qingdao Municipal Bureau of Statistics on February 17 show that in 2019, Qingdao’s fixed asset investment increased by 21.6%, reaching a seven-year high, ranking first among the 15 sub-provincial cities in the country.

At present, the downward pressure on the economy is increasing, the growth of the world economy continues to slow down, the sources of global turmoil and risk points are increasing significantly, and the difficulty of stabilizing investment can be imagined.

From a national perspective, the growth rate of fixed asset investment has been at a low level since 2019, but investment in Qingdao has been steadily increasing.

In 2019, Qingdao’s investment in fixed assets has drawn a graceful upward curve. All 10 districts (cities) and 2 functional districts in the city have realized stable and rapid growth in investment.

Project is the carrier of capital.  In 2019, Qingdao had 5,649 investment projects under construction, 1.5 times the total amount of the previous year.  Among them, 3,101 new projects were started, 1.9 times that of the previous year.

The Central Economic Work Conference stressed that funds should be directed to areas such as advanced manufacturing with multiplier effect, people’s livelihood construction and short-term infrastructure to promote “double upgrade” of industry and consumption.

Qingdao realizes precise investment and uses limited capital where it is most needed.  In 2019, the city’s “four new” economy has 2644 projects under construction, an increase of 1217 over the previous year.  The city has 2349 projects under construction in strategic emerging industries, an increase of 1099 over the previous year.  The city’s high-tech industry invested 395 projects under construction, 207 more than the previous year.

The number of large-scale projects with high investment and strong pulling power is increasing.  In 2019, the city plans to invest more than 100 million Yuan in projects, up 21.2% over the previous year, of which 1,622 are planned to invest more than 100 million Yuan in large industrial projects, up 453 over the previous year.  A large project can drive the development of an industry or even a region.

In terms of infrastructure construction investment, Qingdao has recognized that 5G, artificial intelligence, industrial Internet and Internet of Things are all infrastructure construction. It has sorted out a list of infrastructure construction projects with a total investment of 3 trillion Yuan in the next 10 years, and accelerated the construction of a three-dimensional transportation network and a new smart city.

On January 13 this year, Qingdao Municipal Development and Reform Commission issued the “2020 Major Infrastructure Projects Construction Plan of the whole city”, proposing 144 major infrastructure projects with a total investment of 352.1 billion Yuan to be promoted in 2020 by different areas, and seeking city partners worldwide.

Give full play to the gathering of new elements in conferences and exhibitions.  The 2019 Global (Qingdao) Venture Capital Conference will be held. Qingdao will attract and invest 58 projects through venture capital funds.

Since this year, Qingdao’s strong investment momentum is continuing.  Although the epidemic is still raging, the desire of the vast number of entrepreneurs to work with Qingdao for development and win-win cooperation has not weakened at all.

On February 7, Qingdao held a video contract signing meeting for Donghua software project. The project with a planned investment of 3 billion Yuan will land in Laoshan District.

On the same day, Qingdao West Coast New District held a ceremony of “High-end Manufacturing + Artificial Intelligence” and “Online Signing”. Twelve key projects with a total investment of 10.5 billion Yuan were collectively signed.

On February 14, Pingdu city held an online signing ceremony for key projects, with 31 industrial projects with a total investment of 26.72 billion Yuan to sign online video contracts.

On February 15, Jimo district held an online signing ceremony for key projects,with 22 key industrial projects with a total investment of 30.5 billion Yuan signed online video contracts.

On February 17, Jiaozhou city held an online signing ceremony for key projects,with 23 projects with a total investment of 92.6 billion Yuan were jointly signed through the Internet.

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City: Qingdao
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