IV. Fixed Asset Investments

In 2007, Qingdao took action to carry out the Central Government's macro control policies and fixed asset investments continued to grow relationally. Investments made by industrial enterprises above the designated size totaled 163.54 billion RMB, up 23.3%. Of the total investments made by enterprises above the designated size, 2.49 billion RMB was made in primary industries, up 2.1% over the previous year, 84.84 billion RMB in secondary industries, up 19.2% and 76.21 billion RMB in tertiary industries, up 29.1%.

The fixed asset investments in construction projects above the designated size numbered 4,267. Newly started projects numbered 2,028 and completed projects numbered 640. The amount of planned investments in projects under construction was 373.32 billion RMB, up 22.2%. Fixed assets increased by 46.87 billion RMB over the year. The project completion ratio was 15% and the fixed asset delivery ratio was 28.7%.

A total of 15,564,000 square meters of building space were completed in Qingdao, up 17.2%. Of the total, 6,407,000 were commercial buildings, down 1.8%. Floor space in commercial buildings sold was 8,333,000 square meters, up 13.1%.

Newly increased capacities through investment in fixed assets:
Description             Measurement unit    Increased capacities in 2007  
Tire casings              piece /year           8,150,000
Chemical pesticides               ton/year                500
Synthetic rubber                 ton/year                800
Thermal Power                 kWh/year      660,000
Newly completed roads    km           300.15
Newly expanded roads in towns     km           115.8
Newly constructed (expanded)
Ports and wharfs         handling capacity tons/year     2,050,000
                       number of berths                 4
Student places       number of places       22,151
Floor space in schools      square meters       294,000
Airport terminal buildings   number of buildings          1