Economic Performance - Qingdao's GDP for 2024 is projected at CNY 1,671.95 billion, ranking third among selected cities, with a growth of CNY 431.89 billion since 2020[4] - The GDP growth rate for Qingdao in 2024 is expected to be 5.7%, tied for second highest among the eight cities, showing an increase of 2.0 percentage points from 2020[10] - Qingdao's per capita GDP in 2023 is CNY 152,000, ranking third, but lower than Nanjing and Ningbo by CNY 31,000 and CNY 18,000 respectively[10] Population Dynamics - Qingdao's population in 2024 is estimated at 10.443 million, reflecting an increase of 71,000 from 2023 and 337,000 from 2020[6] - Among the eight cities, Qingdao's population growth rate ranks fifth, indicating moderate population inflow compared to others like Hefei, which saw a growth of 632,000 over five years[6] Fiscal Strength - Qingdao's fiscal revenue for 2024 is projected at CNY 1,655.4 billion, ranking fifth among the eight cities, and is significantly lower than Nanjing and Ningbo by CNY 878.2 billion and CNY 855.6 billion respectively[51] - The city's general public budget revenue has shown a growth of CNY 85.4 billion over five years, ranking fifth in terms of growth rate among the cities[54] Industrial Structure - In 2024, Qingdao's primary industry value added is CNY 50.08 billion, leading among the cities, while its secondary industry value added is CNY 572.31 billion, ranking fourth[13] - The tertiary industry value added is CNY 1,049.55 billion, second only to Nanjing, indicating a strong service sector[13] Retail and Consumption - Qingdao's total retail sales of consumer goods in 2024 are expected to reach CNY 631.89 billion, ranking second, and showing a significant increase of CNY 138.1 billion from 2020[37] - The growth rate of retail sales in 2024 is projected at 4.2%, which is lower than the previous year, reflecting a decline in consumer spending due to economic uncertainties[38] Financial Sector - Qingdao's financial institutions' total deposits and loans are projected at CNY 2,866.95 billion and CNY 3,190.52 billion respectively, ranking seventh and fifth among the cities[41] - The growth rate of deposits and loans in Qingdao is 5.7% and 5.8%, placing it sixth and eighth respectively, indicating a relatively weak growth in the financial sector[41]