Qingdao ranks among top 10 most innovative cities in nation
China DailyThe eastern coastal city of Qingdao, Shandong province ranked 10th in the list of national innovative cities in 2020, up two places from last year's ranking, according to reports released by the Ministry of Science and Technology and the Institute of Scientific and Technical Information of China on Dec 26. In recent years, Qingdao has been ramping up efforts to boost industrial reform and improve science and technology, foster a good institutional environment and promote a culture of innovation in order to become an important national scientific and technological innovation base in northern China. Statistics from the Qingdao municipal bureau of science and technology show that Qingdao's R&D expenditure has increased from 4.43 billion yuan in 2015 to 29.46 billion yuan this year, ranking first in the province. In the first three quarters of this year, the output value of high-tech industries accounted for 61.67 percent of industrial output value above designated size, 17.21 percentage points higher than the provincial average.