QINGDAO’S industrial output exceeded 1.2 trillion yuan last year. The city focused on industrial transformation and upgrading last year, achieving stable growth.

    The city’s industrial added-value increased by 13.5 percent last year, ranking third among its counterparts for the fourth consecutive year.

    The output of the city’s seven major industries exceeded 1 trillion yuan.

    The city’s industrial investment stood at 140 billion yuan, a 24.4-percent increase year on year.

    Last year saw the fastest growth in industrial investment in the past five years.

    (Li Hao, Lin Gang)