QINGDAO’S gross industrial output value had reached 1.05 trillion yuan by the end of last month, becoming the ninth city in China with an industrial economy totalling 1-trillion-yuan.

    Mayor Xia Geng said the landmark achievement symbolized a historic step forward in Qingdao’s comprehensive economic strength, as well as its industrial restructuring in response to the global financial crisis.

    From 2006 to 2010, the total industrial economy doubled with an increasing number of industrial enterprises and companies with more than 10-billion-yuan in output value.

    In addition, there has been fast development in seven industries such as home appliances, petrochemicals, automobiles and locomotives, shipping and ocean engineering industries, five of which have output value exceeding 100 billion yuan.

    In 2009, Qingdao’s gross industrial output was third among 15 sub-provincial cities. Qingdao’s efforts to develop modern industry had paid off by having a cluster of high-profile brands and enterprises, as well as a modern and well-structured industrial system, said the Ministry of Industry and Information Technology.

    Governor Wang Junmin said Qingdao had played a leading role in industrial development on the Shandong peninsula.(Martin Li, Lin Gang)