Page 379 - Contributed Paper Session (CPS) - Volume 6

CPS1989 Yuan Zhenqiang et al.
accounted for 72.2% and 27.8%, which reflected that they take a positive
attitude toward the future status of high-quality development in Qingdao.

2. Factor Analysis
The fluctuation of comprehensive index is caused by the collaborative effect
of various concrete indexes, in which positive factors play a leading role. The
specific analysis procedures are listed as follows:
2.1 Opening-up fields have been increasingly expanded.
In recent years, with the commitment to the Belt and Road Initiative and the
strategy of going abroad and bringing home, Qingdao has expanded open
fields of the service sector, reduced negative lists, uplifted international trade
level and increased international routes. Thus, our open-up level has
significantly improved and economic development has gained new
momentum. In 2017, our city increased the proportion of total amount of
international trade to GDP by 3.9 percentage points on the year-on-year
basis, and raised the marketing amount of overseas investment trade by
12.9% from a year earlier. The proportion of export amount of high-tech
products to that of goods witnessed a growth of 0.5 percentage points on
the year-on-year basis. The amount of actually-used foreign capital
increased 2.6 percentage points from a year earlier. Besides, our city has also
expanded international routes, greatly uplifting our open-up level and
international reputation.

2.2 New momentum for economic development has been accumulated.
In recent years, our strategic emerging industries, high-tech industries and
technological reform investment have steadily increased and new economic
development momentum has accumulated increasingly. In 2017, high-tech
industries in Qingdao raised added value by 10.9%, while strategic emerging
industries increased added value by 10.9%. New industries release new
momentum, strengthening the internal driving force of economic
development.

2.3 The coordination of industrial development has been strengthened.
The coordination of industrial development is mainly evidenced by the
structural optimization of three industries and the industry diversity. In recent
years, the industrial structure of Qingdao has increasingly optimized, the
proportion of added value of the service sector to GDP has increasingly
strengthened, and the proportion of added value of modern service sector
to GDP has also expanded. Meanwhile, the industrial structure of the service
sector has also upgraded continuously.

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