Laoshan district achieves landmark 10b yuan budget revenue in first half
3 years, 3 months ago

Laoshan district achieves landmark 10b yuan budget revenue in first half

China Daily  

Laoshan in Qingdao achieved a general public budget revenue of 10.33 billion yuan for the first six months, up 22.4 percent on the same period in 2020. Some 20 high-level financial institutions such as Bank of Qingdao and Lujiazui International Trust have operated businesses at the district's Jinjialing Financial City, which accounts for 80 percent of such institutions in Qingdao. "Building major industrial clusters with more open and leading characteristics to help foster new growth drivers will be the only path for Laoshan's high-quality development," said Sun Haisheng, Party secretary of the district. In 2020, the output value of high-tech industries accounted for 85 percent of the district's total with an annual business turnover of at least 20 million yuan, ranking first in Qingdao.

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