40 years on: Qingdao's ascent to intl metropolis
7 months, 2 weeks ago

40 years on: Qingdao's ascent to intl metropolis

China Daily  

Qingdao in Shandong province transforms from a small coastal fishing village into an international metropolis with towering skyscrapers in 40 years. Local fiscal revenue has grown from less than 1.4 billion yuan to 133.78 billion yuan, and the city's urbanization rate has continuously increased, reaching 78.3 percent by the end of 2023. Customs data shows that Qingdao's total import and export value has grown from $1.93 billion dollars in 1993 to $124.64 billion in 2023, an average annual growth rate of 14.9 percent. The Jakarta-Bandung high-speed railway was China's first high-speed rail project overseas and a globally recognized symbol of the "Made in Qingdao" brand. Brands like Haier, Hisense, and Tsingtao Brewery have expanded from Qingdao to the world, deeply integrating into the global supply chain and becoming leaders in China's strategy to promote global brand globalization.

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History of this topic

Opening-up to spur foreign trade growth
1 week, 1 day ago

Opening-up to spur foreign trade growth

China Daily  

A container ship leaves Qingdao Port, Shandong province. China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals …

Opening-up to spur foreign trade growth
1 week, 1 day ago

Opening-up to spur foreign trade growth

China Daily  

China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals in selected cities, including Beijing and Shanghai, Liu …

Tailwinds favoring foreign trade enterprises
Trending News
1 week, 1 day ago

Tailwinds favoring foreign trade enterprises

China Daily  

Automated vehicles deliver cargo at Qingdao Port's fully automated terminal in Shandong province on Dec 3. ZHANG JINGANG/FOR CHINA DAILY China will ramp up financial support, cultivate new growth engines, and strengthen services for foreign trade enterprises in order to unlock momentum and foster resilience in the country's foreign trade sector — a critical pillar underpinning overall economic growth, officials …

China's foreign trade up 4.9% in first 11 months
2 weeks ago

China's foreign trade up 4.9% in first 11 months

China Daily  

By Zhong Nan | chinadaily.com.cn | Updated: 2024-12-10 11:12 China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during …

China's foreign trade up 4.9% in first 11 months
2 weeks ago

China's foreign trade up 4.9% in first 11 months

China Daily  

China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during this period, customs data showed. The import and export …

Qingdao WCNA drives economic growth with Q1–Q3 surge
2 weeks, 5 days ago

Qingdao WCNA drives economic growth with Q1–Q3 surge

China Daily  

chinadaily.com.cn | Updated: December 5, 2024 In the first three quarters, Qingdao West Coast New Area achieved a regional gross domestic product of 387.8 billion yuan, marking a 6.1 percent growth and contributing to 31.3 percent of Qingdao's total GDP. The new area's industrial sector has shown increased resilience, with industrial added value of enterprises above a designated size expanding …

Qingdao's marine economy expands steadily in Q1–3
3 weeks, 1 day ago

Qingdao's marine economy expands steadily in Q1–3

China Daily  

Qingdao is a coastal city with rich marine resources. The city is spearheading a modern ocean industry system with scientific and technological innovation, accelerating the cultivation of new marine productivity, creating a modern hub for ocean economic development, and propelling the construction of a leading modern ocean city to new heights. Local statistics showed that in the first three quarters …

Xinjiang sees rapid growth of foreign trade
1 month ago

Xinjiang sees rapid growth of foreign trade

China Daily  

The Xinjiang Uygur autonomous region's foreign trade in the first 10 months of the year reached 362.79 billion yuan, up 28 percent year-on-year, registering the fastest growth rate among all provincial-level regions around the country. During the period, foreign trade by private enterprises in Xinjiang grew 26.8 percent year-on-year and accounted for 92.4 percent of the region's total foreign trade, …

City still a pioneer of opening-up
1 month, 1 week ago

City still a pioneer of opening-up

China Daily  

Qingdao, one of China's pioneering coastal cities in terms of opening up, stands out for its openness and integration into the national opening-up strategy. More than 500 new foreign-funded enterprises were established in the city during the first nine months, accounting for 31.4 percent of the provincial total; the actual utilization of foreign investment in high-tech industries reached $750 million, …

Fertile soil for private companies to flourish
1 month, 1 week ago

Fertile soil for private companies to flourish

China Daily  

Business operators have a special day to celebrate annually in Qingdao, Shandong province. During this year's event, the 2024 list of the top 100 Qingdao-based businesses and the 2023 list of demonstration enterprises for corporate social responsibility in Qingdao were released, signifying the local economy's upward momentum, leading industry players' growing strength and local companies' rising CSR awareness, organizers said. …

City still a pioneer of opening-up
1 month, 1 week ago

City still a pioneer of opening-up

China Daily  

Qingdao, one of China's pioneering coastal cities in terms of opening up, stands out for its openness and integration into the national opening-up strategy. In response to the severe and complex international economic and trade environment, Qingdao has focused on cultivating new momentum for foreign trade development, making various efforts to stabilize its foreign trade foundation. More than 500 new …

Cross-border e-commerce growing in China
1 month, 1 week ago

Cross-border e-commerce growing in China

China Daily  

Having worked as a tech reporter for about a decade, I have witnessed firsthand the rapid growth of China's cross-border e-commerce platforms and how the country's consumers have shown increasing demand for premium imported and foreign-branded products in recent years. According to a report from Chinese e-commerce platform JD's Consumption and Industry Development Research Institute, imported brands, including mobile phones, …

Foreign trade poised for steady growth amid headwinds
1 month, 2 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

By Zhong Nan and Ouyang Shijia in Shanghai | China Daily | Updated: 2024-11-08 07:09 China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers …

China's foreign trade up 5.2% in Jan-Oct period
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade up 5.2% in Jan-Oct period By Zhong Nan in Shanghai chinadaily.com.cn Updated: Nov 07, 2024 China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year …

Quzhou's GDP grows 6.3 percent in first three quarters
1 month, 4 weeks ago

Quzhou's GDP grows 6.3 percent in first three quarters

China Daily  

chinadaily.com.cn| Updated :2024-10-25 The Quzhou statistics bureau announced the city's economic performance in the first three quarters of the year on Oct 24. The city's GDP reached 160.54 billion yuan, marking a 6.3 percent increase year-on-year. Industrial production above designated size reported a 10 percent growth, reaching 47.61 billion yuan, while 22 out of 33 industrial categories experienced positive growth. …

Qingdao reinforces its role as a foreign trade highland
2 months, 1 week ago

Qingdao reinforces its role as a foreign trade highland

China Daily  

From Oct 8 to 9, a media tour titled "Open Qingdao" took place in the city, where participants explored the strategies that position Shandong as a leader in foreign trade. Since its establishment five years ago, the Qingdao Area of the China Pilot Free Trade Zone has leveraged its unique coastal advantages to enhance its position as an international hub. …

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Qingdao's foreign trade up 2.5% in Jan-Aug period
3 months ago

Qingdao's foreign trade up 2.5% in Jan-Aug period

China Daily  

The busy Qingdao Port in Shandong province. At 391.77 billion yuan during the January to August period, general trade increased 3.7 percent this year and accounted for 65.5 percent of the total foreign trade value of Qingdao, an increase of 0.8 percentage points from the same period last year. The import and export volume of foreign-invested enterprises reached 114.69 billion …

7 Qingdao companies listed among China's top 500
3 months, 1 week ago

7 Qingdao companies listed among China's top 500

China Daily  

Haier Group ranks 74th on the 2024 list of the top 500 Chinese enterprises, moving up five places from the previous year. A newcomer on the list this year joins Haier Group, Hisense Group, and Shandong Port Group and others for a total of seven Qingdao enterprises honored, which has not happened since 2014. Haier Group ranked 74th with an …

Tai'an posts steady economic growth in Jan-Aug period
3 months, 1 week ago

Tai'an posts steady economic growth in Jan-Aug period

China Daily  

This year, the overall economic performance of Tai'an, Shandong has remained stable, showing a steady upward trend and quality enhancement in the first eight months of the year. From January to August, the added value of industrial enterprises above a designated size in the city increased by 8.6 percent year-on-year. The city's key industries have shown strong momentum with electrical …

Tai'an posts steady economic growth in Jan-Aug period
3 months, 1 week ago

Tai'an posts steady economic growth in Jan-Aug period

China Daily  

This year, the overall economic performance of Tai'an, Shandong has remained stable, showing a steady upward trend and quality enhancement in the first eight months of the year. From January to August, the added value of industrial enterprises above a designated size in the city increased by 8.6 percent year-on-year. The city's key industries have shown strong momentum with electrical …

Qingdao FTZ celebrates 5 years of growth, innovation
3 months, 3 weeks ago

Qingdao FTZ celebrates 5 years of growth, innovation

China Daily  

The Qingdao Area of the China Pilot Free Trade Zone marked its fifth anniversary with notable achievements on August 26. In the first half of this year, the FTZ's foreign trade accounted for 20 percent of the city's total, with exports up by 28.3 percent year-on-year. This year, the Qingdao FTZ has made strides in institutional innovation by launching an …

Qingdao summit promotes investment and cooperation with multinationals
3 months, 4 weeks ago

Qingdao summit promotes investment and cooperation with multinationals

China Daily  

Shandong province will host the fifth Qingdao Multinationals Summit this week from Tuesday to Thursday as part of its efforts to establish itself as a hub of high-level openness by refining its systems for international cooperation. With the theme "Multinationals and China", the summit will feature a multinational corporation investment and cooperation conference, organize themed promotions for functional zones, and …

Qingdao city's marine GDP rises 7.7% in H1
4 months, 1 week ago

Qingdao city's marine GDP rises 7.7% in H1

China Daily  

Qingdao sees significant growth in its modern marine industry in the first half of 2024. In the first half of the year, the city of Qingdao, a port city in East China's Shandong province, saw significant growth in its modern marine industry, as efforts to cultivate new quality productive forces in the sector began to bear fruit. Statistics from the …

Qingdao's foreign trade sees growth in the first seven months of 2024
4 months, 1 week ago

Qingdao's foreign trade sees growth in the first seven months of 2024

China Daily  

An aerial view of Qingdao Port in Shandong province on Aug 5. In the first seven months of 2024, Qingdao's total import and export volume reached 516.61 billion yuan, marking a 1.2 percent year-on-year increase. Qingdao's exports amounted to 296.85 billion yuan, up 6.5 percent year-on-year, outpacing the provincial growth rate by 0.8 percentage points. Growth in general trade has …

Qingdao sees GDP surge to 797.87 b yuan in H1
4 months, 3 weeks ago

Qingdao sees GDP surge to 797.87 b yuan in H1

China Daily  

Qingdao's GDP surpasses 797.87 billion yuan in the first half of the year. On July 24, the municipal bureau of statistics in Qingdao released the city's GDP for the first half of the year, which reached 797.87 billion yuan, representing 5.8 percent year-on-year growth. During the January to June period, Qingdao saw total retail sales of consumer goods reaching 292.55 …

Qingdao to embrace new future of China-ASEAN cooperation
4 months, 4 weeks ago

Qingdao to embrace new future of China-ASEAN cooperation

China Daily  

On July 23, the 2024 ASEAN-China Event of Economic and Trade Cooperation and People-to-People Exchanges is held in Qingdao. On July 23, the 2024 ASEAN-China Event of Economic and Trade Cooperation and People-to-People Exchanges was held in Qingdao with the tagline "New Quality, New Journey, Moving Forward Together." The event attracted more than 200 guests from China, ASEAN countries, and …

Qingdao's foreign trade hits record high in H1
5 months ago

Qingdao's foreign trade hits record high in H1

China Daily  

According to Qingdao Customs statistics, in the first half of the year, Qingdao's imports and exports are valued at 437.83 billion yuan. According to Qingdao Customs statistics, in the first half of the year, Qingdao's imports and exports were valued at 437.83 billion yuan, a growth of 1.8 percent year-on-year, achieving historical highs in both monthly and cumulative imports and …

Quzhou's e-commerce growth crosses borders
5 months ago

Quzhou's e-commerce growth crosses borders

China Daily  

ezhejiang.gov.cn| Updated :2024-07-19 According to data from Quzhou Customs, from January to May, Quzhou's total import and export value reached 30.43 billion yuan, a 12.6 percent increase year-on-year. An authority with the Quzhou bureau of commerce attributed the rapid growth of cross-border e-commerce to sustained market growth with increasing bilateral cooperation and the emergence of new markets. Last year, Quzhou's …

Shandong's foreign trade maintains steady growth in the first half of 2024
5 months ago

Shandong's foreign trade maintains steady growth in the first half of 2024

China Daily  

Shandong province's foreign trade reached 1.62 trillion yuan in the first half of 2024, a 4.3 percent year-on-year increase. Qingdao maintained its leading position, with foreign trade reaching 437.83 billion yuan, accounting for 27 percent of the province's total. Specifically, Shandong's foreign trade with ASEAN reached 338.3 billion yuan, up 14.2 percent, while trade with the EU stood at 149.7 …

Qingdao sees foreign trade growth in first 5 months
5 months, 1 week ago

Qingdao sees foreign trade growth in first 5 months

China Daily  

In the first five months, Qingdao's imports and exports totaled 356.18 billion yuan. In the first five months, Qingdao's imports and exports totaled 356.18 billion yuan, ranking fifth among sub-provincial cities, according to statistics released by the city's customs bureau on July 3. From January to May this year, the export of electromechanical products reached 103.46 billion yuan, marking a …

Qingdao joins top-tier national free trade zones
5 months, 2 weeks ago

Qingdao joins top-tier national free trade zones

China Daily  

Since its approval, the Qingdao Area of the China Pilot Free Trade Zone, Qingdao FTZ, has initiated numerous reforms, attracted leading industrial projects, and implemented practical measures to support businesses and attract talent, continuously enhancing its role as a model of institutional openness. High-Efficiency Innovation with Greater Drive By aligning with high-standard international trade rules like RCEP and CPTPP, the …

Qingdao becomes more child-friendly
6 months, 1 week ago

Qingdao becomes more child-friendly

China Daily  

Qingdao in East China's Shandong province actively works to become more child-friendly. In recent years, Qingdao in East China's Shandong province has been actively working to become more child-friendly, and the city made the national list of child-friendly cities in 2023. In 2012, Qingdao started a prevention project for children's oral diseases, and the local government has been investing 10 …

Qingdao FTZ Bulk Commodity Trade Matchmaking Event kicks off
6 months, 3 weeks ago

Qingdao FTZ Bulk Commodity Trade Matchmaking Event kicks off

China Daily  

On May 23, the Qingdao Area of the China Pilot Free Trade Zone, also known as the Qingdao FTZ hosted a trade matchmaking event aimed at facilitating connections between bulk commodity enterprises and financial institutions. At the promotion event, each financial institution introduced its latest financial products for bulk commodities, including supply chain and logistics finance, digital warehouse receipt pledge …

Quzhou economy sees steady growth Jan-April
7 months ago

Quzhou economy sees steady growth Jan-April

China Daily  

chinadaily.com.cn| Updated :2024-05-22 Quzhou in Zhejiang province experienced steady economic growth from January to April, with the added value of large-scale industries amounting to 19.87 billion yuan, a year-on-year increase of 12.2 percent, according to statistics released on May 21. Emerging industries, meanwhile, led the growth, with high-tech industries, high-end equipment manufacturing, core industries of the digital economy, and strategic …

Qingdao's foreign trade up 3.2% in Jan-April period
7 months, 1 week ago

Qingdao's foreign trade up 3.2% in Jan-April period

China Daily  

Qingdao in Shandong province boasts a vibrant economy. According to Qingdao Customs statistics, in the first four months of the year, the total import and export volume of Qingdao reached 280.34 billion yuan, growing by 3.2 percent year-on-year and accounting for 26.8 percent of the total foreign trade value of Shandong during the same period. In the first four months, …

Taizhou's GDP up 6.5% in Q1
7 months, 2 weeks ago

Taizhou's GDP up 6.5% in Q1

China Daily  

Taizhou in Zhejiang province saw a GDP of 148.61 billion yuan in the first quarter, marking a 6.5 percent year-on-year increase. The city's primary industry achieved an added value of 5.04 billion yuan, up by 3.8 percent, the secondary industry's added value hit 61.42 billion yuan, an 8.2 percent increase, and that of the tertiary industry reached 82.15 billion yuan, …

Qingdao pockets over 8.46b yuan in tourism revenue over holiday
7 months, 2 weeks ago

Qingdao pockets over 8.46b yuan in tourism revenue over holiday

China Daily  

Tourists visit the Zhanqiao Pier, a famous scenic area in Qingdao, Shandong province, on May 1. Figures from the city's culture and tourism bureau showed that the city received more than 7.13 million visitors during the five-day holiday, who generated about 8.46 billion yuan in revenue. Along the coast, venues like the Qingdao Olympic Sailing Center, Xiaomaidao Park, and the …

Qingdao's GDP up 5.9 percent in Q1
7 months, 3 weeks ago

Qingdao's GDP up 5.9 percent in Q1

China Daily  

Qingdao's GDP reaches 374.35 billion yuan in the first quarter of this year, a year-on-year increase of 5.9 percent. Qingdao's GDP reached 374.35 billion yuan in the first quarter of this year, a year-on-year increase of 5.9 percent, official statistics showed on April 25. The total retail sales of consumer goods in the city reached 139.56 billion yuan in the …

Yiwu's GDP growth surges 8% in Q1
8 months ago

Yiwu's GDP growth surges 8% in Q1

China Daily  

chinadaily.com.cn| Updated :2024-04-24 Yiwu, a renowned trading hub, saw a strong start to 2024, with its first-quarter gross domestic product surging 8 percent to 51.27 billion yuan. The city's primary, secondary and tertiary industries totaled 390 million yuan, 14.71 billion yuan and 36.17 billion yuan, respectively, during this period, up 3.9 percent, 6.4 percent and 8.7 percent. The added value …

Shandong reports strong growth
8 months, 2 weeks ago

Shandong reports strong growth

China Daily  

On April 10, the State Council Information Office held a news conference on promoting high-quality development on the topic of "Shandong practice in Chinese modernization: green, low-carbon and high-quality development." Zhou Naixiang, deputy secretary of the CPC Shandong Provincial Committee and governor of Shandong province, gave a detailed introduction on the topic and introduced Shandong's achievements over the past three …

Xizang sees strong growth in economy
8 months, 2 weeks ago

Xizang sees strong growth in economy

China Daily  

The Xizang autonomous region has witnessed a strong economic recovery in recent years, especially through a dramatic increase in foreign trade since the beginning of this year, according to the regional economic planner. The growth rates of key economic indicators in Xizang — GDP, fixed-asset investment, total retail sales of consumer goods, per capita disposable income of urban and rural …

Qingdao's marine economy posts strong growth in 2023
8 months, 3 weeks ago

Qingdao's marine economy posts strong growth in 2023

China Daily  

The gross marine product of Qingdao, Shandong province made a strong recovery last year, with a growth rate of 6.5 percent year-on-year and accounting for approximately 30 percent of the total GMP of the province. The value added of Qingdao's marine electric power industry and seawater desalination and comprehensive utilization industry increased by 19.5 percent and 4.8 percent, respectively. Last …

Qingdao's marine economy posts strong growth in 2023
8 months, 3 weeks ago

Qingdao's marine economy posts strong growth in 2023

China Daily  

The gross marine product of Qingdao, Shandong province made a strong recovery last year, with a growth rate of 6.5 percent year-on-year and accounting for approximately 30 percent of the total GMP of the province. The value added of Qingdao's marine electric power industry and seawater desalination and comprehensive utilization industry increased by 19.5 percent and 4.8 percent, respectively. Last …

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