Page 356 - Contributed Paper Session (CPS) - Volume 6

CPS1959 Hou Hongwen et al.
(IV) Investment promotion needs further boosting
In 2017, the contractual foreign investment in the city has increased by
22.1% year-on-year; The actual utilization of foreign capital has increased
by 13.9% year-on-year, and the disbursement rate of capital has dropped
by 6.1 percentage points year-on-year. The actual utilization of domestic
capital in the whole year has increased by 13.3% year-on-year. From the
structure of actual utilization of foreign and domestic capitals, the
proportion of manufacturing industry is not high, so the industrial
investment should be increased to provide strong support for the
development of real economy.
(V) The pressure of fiscal revenue increase needs to be further relieved
The proportion of tax revenue to fiscal revenue is one of the important
indicators to measure the quality of economic operation. In recent years,
although the city's fiscal revenue has maintained double-digit growth,
but the growth rate of tax revenue has fallen back, and tax revenue is
relatively low.
(VI) Some indexes need to be further improved
From the perspective of transformation and upgrading, the growth rate
of strategic emerging industries and high-tech industries in the city is
obviously lower than the average rate of the whole country and the
whole province.

References
China Statistical Yearbook, Shandong Statistical Yearbook, Qingdao Statistical
Yearbook and shared data among all provinces and municipalities.

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