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The GDP of the West Coast New Area, the first district of the province, exceeded 500 billion yuan

author:Al Jazeera News client

Peninsula All Media Chief Reporter Li Xiaozhe

At the beginning of 2014, on the occasion of the 10th anniversary of the approval of the West Coast New Area, a brilliant report card was handed over:

A few days ago, the Statistics Bureau of Qingdao West Coast New Area announced the economic operation of the West Coast New Area in 2023: according to the unified accounting results of the gross domestic product of the district and city, the GDP of the West Coast New Area in 2023 will cross the 500 billion yuan mark and reach 500.338 billion yuan, a year-on-year increase of 6.0% at constant prices, 0.1 percentage points higher than that of the city.

The GDP of the West Coast New Area, the first district of the province, exceeded 500 billion yuan

This is also the first district in Shandong Province whose GDP has crossed the 500 billion yuan mark.

In 2023, in the face of the complex and severe international environment and the arduous task of domestic economic recovery and development, the New Area will firmly grasp the primary task of high-quality development, completely, accurately and comprehensively implement the new development concept, continue to promote the effective improvement of the quality of the economy and the reasonable growth of the quantity, and the economic operation of the whole region will continue to pick up and improve, and high-quality development will be solidly promoted.

Be a pioneer

On January 31, the opening ceremony of the Tangdao Bay digital RMB block in Qingdao West Coast New Area was held in Liqun Jinding Plaza, relying on the promotion and use of digital RMB, focusing on serving the real economy, facilitating cross-border payment by enterprises, helping rural revitalization, benefiting the people and boosting consumption, etc., to create a digital finance demonstration application ecosystem in the new area.

In Tangdao Bay, the clock hands are turned back more than ten years ago, who would have thought that this place could become what it is today. Here, Qingdao West Coast New Area plans to build the Tangdao Bay Financial Science and Technology Innovation Zone with high standards, deeply promotes various financial formats to serve the real economy, and is committed to creating a more open and innovative financial market.

Relying on this region, in 2023, more than 240 billion yuan of new loans will be invested, 274 registered funds will be filed, the scale of funds will exceed 100 billion yuan, and the cumulative balance of various bonds will reach 117.6 billion yuan, effectively contributing to the high-quality development of the real economy. Up to now, the new district has gathered a total of 242 financial institutions of various types, including 86 local financial organizations included in the supervision, with an asset scale of 57.139 billion yuan, accounting for more than one-third of the city's number and asset scale. The new area is contributing to the construction of a financial power with the greatest enthusiasm.

Ten years of hard work, jade makeup in success. It took 10 years for the West Coast New Area to turn one development site after another into gold.

Judging from the data released this time, this answer sheet that took ten years to complete is comprehensive.

In agriculture, production has been steadily improving, and grain production has grown steadily. The added value of agriculture, forestry, animal husbandry and fishery was 10.26 billion yuan, an increase of 4.6 percent over the previous year. The total grain sowing area, yield, and total output all increased, with the total grain sown area of 729,500 mu, up by 0.2 percent, the average grain yield per mu at 364 kg, up by 2.4 percent, and the total grain output at 266,000 tons, up by 2.6 percent. The annual output of pigs, cattle, mutton and poultry, milk, poultry eggs and aquatic products was 54,400 tons, 6,118,600 tons, 30,500 tons and 336,700 tons respectively. 361,000 pigs were slaughtered throughout the year, and 193,200 pigs were stocked at the end of the year.

In industry, production continued to improve, and the equipment manufacturing industry grew well. The added value of industrial enterprises above designated size increased by 6.2 percent over the previous year. The operating income of industrial enterprises above designated size reached 486.87 billion yuan, a year-on-year increase of 3.9%. In terms of industries, 24 of the 34 major industries achieved growth, with an increase of 70.6%. Among them, the manufacturing of electrical machinery and equipment increased by 8.8 percent, accounting for 11.7 percent of the added value of industries above designated size, the manufacturing of computers, communications and other electronic equipment increased by 22.1 percent, accounting for 7.9 percent, and the manufacturing of general equipment increased by 7.3 percent, accounting for 6.3 percent. The manufacturing of railways, ships, aerospace and other transport equipment increased by 23.9 percent, accounting for 5.7 percent, and the rubber and plastic products industry increased by 17.9 percent, accounting for 5.3 percent.

In the modern service industry, the growth momentum is good, and the agglomeration service industry is recovering rapidly. The added value of the service industry reached 320.559 billion yuan, an increase of 6.6 percent over the previous year, accounting for 64.1 percent of the regional GDP. Among them, the wholesale and retail trade increased by 10.4 percent, and the financial industry increased by 11.1 percent. The growth momentum of the modern service industry is good, of which the operating income of information transmission, software and information technology services, leasing and business services, and scientific research and technical services above designated size increased by 31.8 percent, 14.9 percent, and 13.6 percent respectively. The agglomeration service industry recovered rapidly, with the turnover of the accommodation and catering industries above designated size increasing by 23.8 percent and 27.4 percent respectively, and the operating income of the cultural, sports and entertainment industries above designated size increasing by 11.2 percent.

As the ninth national-level new area, West Coast accurately implements the national strategy and strives to achieve new breakthroughs in demonstration. Identify the four strategic combination points, force points, and support points, and show stronger responsibility in the practice of "the great man of the country".

As a leader in the economic and social development of Qingdao and even Shandong, the new district has always taken the lead in the city's star and flag competition, unswervingly developed the real economy, deepened reform and opening up steadily, focused on promoting the upgrading of large functional areas, improved the quality of the city as a whole, improved people's livelihood and well-being with heart and affection, and built a solid safety bottom line in times of peace.

Take the lead

On January 17, the West Coast New Area held a mobilization meeting for the first quarter of the "Take the Lead and Be a Pioneer" action, calling on the whole district to strengthen the awareness of "taking the lead and being a pioneer", taking project construction as the starting point, doing a good job in various tasks with high quality and efficiency, and striving for "winning the whole year" with a "good start" in the first quarter, highlighting the responsibility of the new district in the city's high-quality development.

At the meeting, the "Qingdao West Coast New Area "Take the Lead and Be a Pioneer" Action Plan for Tackling Tough Problems was released, focusing on the central work of economic construction and the primary task of high-quality development, and making deployment requirements for the content and objectives of tackling key problems from three aspects: key indicators of economic operation, attracting major projects to start construction and important work of urban renewal management.

The plan also proposes to set up the Qingdao West Coast New Area "take the lead, be the pioneer" general headquarters of the attack, under which there are 3 special classes for tackling key problems, implement the monthly scheduling of key indicators of economic operation, attract the start of major projects and supervise the implementation of important work weeks of urban renewal management, and refine, quantify and node all the key work, set people, responsibilities and time limits for all key tasks, compact responsibilities, wall chart operations, coordinate efforts, advance separately, and strive to win a "good start" in the first quarter We will fully complete the set goals and tasks for the whole year, and accelerate the construction of a demonstration and leading area for socialist modernization in the new era.

You have to run at the beginning, and you have to sprint at the start.

And this is exactly the style of the new district for ten years. It is precisely this kind of innovation and hard work that has brought the new district to a new level one after another.

The West Coast New Area has precisely expanded effective demand and strived to open up new space for economic growth.

The new area adheres to expanding consumption, promoting investment, stabilizing foreign trade, strengthening economic publicity and public opinion guidance, stimulating the vitality of business entities, and promoting the economy to achieve effective qualitative improvement and reasonable quantitative growth.

From the perspective of consumption, the consumer market in the new area accelerated its recovery last year, and the scale of online consumption continued to expand. The total retail sales of consumer goods reached 142.9 billion yuan, an increase of 8.9% over the previous year. The consumption of basic daily necessities grew steadily, and the retail sales of clothing, shoes, hats, knitted textiles, grain, oil, food, and daily necessities of retail units above designated size increased by 28.6 percent, 39.4 percent, and 17.6 percent respectively. The consumption of upgraded goods grew rapidly, and the retail sales of new energy vehicles and gold, silver and jewellery of retail units above designated size increased by 48.8 percent and 34.6 percent respectively. The scale of online consumption continued to expand, and the retail sales of online goods above designated size reached 2.85 billion yuan, an increase of 250.7 percent.

In terms of investment in fixed assets, it has risen steadily, and investment in key areas has achieved remarkable results. Investment in fixed assets increased by 5.2 percent over the previous year. By industry, investment in the primary industry decreased by 8.4 percent, investment in the secondary industry increased by 14.5 percent, and investment in the tertiary industry decreased by 8.3 percent. Investment in key areas grew well, with investment in infrastructure, high-tech industries, and manufacturing increasing by 6.2 percent, 9.3 percent, and 18.6 percent, respectively. Construction investment increased by 10.1 percent, and private investment increased by 11.9 percent.

In terms of foreign trade, it continued to expand, and the scale of imports grew rapidly. The total import and export value of foreign trade was 360.44 billion yuan, an increase of 10.7% over the previous year. Among them, exports were 131.74 billion yuan, up by 0.1 percent, and imports were 228.70 billion yuan, up by 17.9 percent.

Break into the work

The data released this time also shows that the financial operation of the new area is stable, and the employment situation is generally stable.

Last year, the general public budget revenue of the new district was 26.92 billion yuan (after deducting the refund of value-added tax credits), an increase of 5.8% over the previous year. At the end of December, the balance of deposits in local and foreign currencies was 368.04 billion yuan, up 11.4 percent year-on-year, an increase of 37.66 billion yuan over the beginning of the year, and a decrease of 12.81 billion yuan year-on-year, and the balance of loans in local and foreign currencies was 435.26 billion yuan, up 15.1 percent year-on-year, an increase of 56.98 billion yuan over the beginning of the year, and an increase of 5.45 billion yuan over the same period last year. 80,000 new jobs were created in the new districts and towns, completing 101.3% of the annual target.

Residents' incomes have grown steadily, and the income of rural residents has grown faster than that of urban residents.

Last year, the per capita disposable income of residents in the new district was 59,088 yuan, an increase of 6.5% over the previous year. In terms of permanent residence, the per capita disposable income of urban residents was 65,091 yuan, up by 5.3 percent, and the per capita disposable income of rural residents was 30,191 yuan, up by 7.2 percent, 1.9 percentage points faster than that of urban residents. The income gap between urban and rural residents was 2.16, 0.03 smaller than that of the previous year.

From the perspective of supply and demand, the characteristics of "coordinated recovery" show the resilience of the economic development of the new area. The West Coast New Area is steadily moving forward along the path of healthy development.

On the whole, in 2023, the overall economic recovery of the whole region will be improving, the quality and efficiency will be accelerated, the development stamina will continue to increase, the risk prevention will be active and effective, the people's livelihood and well-being will continue to improve, and the construction of the socialist modernization demonstration zone in the new era will take solid steps.

This time, the West Coast New Area has become the first district in Shandong with a GDP of more than 500 billion yuan, which has aroused widespread attention from the community. This is precisely because the West Coast New Area is a national-level new area, which plays an important role in the overall development of the province and the city, and shoulders the important task of reform and development.

This year marks the 10th anniversary of the establishment of the new district, and the West Coast stands at a new starting point for development.

Always maintain the spirit of "breaking", the momentum of "creating", and the style of "doing".

In the next step, the West Coast New Area will continue to focus on the central task of economic construction and the primary task of high-quality development, adhere to the principle of seeking progress while maintaining stability, promoting stability with progress, establishing first and then breaking through, taking the lead and being a pioneer, resolutely shouldering the leading role, and making greater contributions to the overall development of the city and the province.