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Six Industrial Sectors Dominate Qingdao's Economy
World-famous brands like Panasonic of Japan and Sweden's Electrox have recently invested in the economic and technologic development zone in Qingdao.
This signals that a strong electronics industry has taken shape here in this coastal city in east China's Shandong province.
This has also made the industry of electronics, together with petrochemicals, pharmaceuticals, machinery manufacturing, building material and processing trade, become the city's six largest industrial sectors.
Latest statistics from the zone shown that output value and profit generated in the six sectors accounted for 70 percent of the total in the zone.
So far, the zone received funding from about 50 countries and regions around the world.
Established in 1985 opposite the urban area in Huangdao Island, the zone is China's fourteenth development zone along the coast.
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