Qingdao boasts a vibrant economy. [Photo provided to chinadaily.com.cn]

From January to July, Qingdao effectively coordinated epidemic prevention and control and economic and social development, and implemented a package of policies and measures to stabilize the economy, which has continued to recover, according to local officials.

During this period, the added value of industrial enterprises above designated size in the city increased by 3.3 percent year-on-year. The added value of high-tech manufacturing above designated size increased by 22.6 percent year-on-year, injecting vitality into local economic development.

From January to June, the growth of service industries above designated size was generally stable, with 22 out of 32 major industries registering year-on-year growth.

The operating revenue of transportation, warehousing and postal services grew 34.8 percent year-on-year, while the operation revenue of internet and related services, software and information technology, and professional technology services increased by 61.2 percent, 30.6 percent and 27.2 percent, respectively.

From January to July, the fixed-asset investment in Qingdao rose 0.1 percent from a year earlier. There were 5,734 projects under construction in the city, an increase of 116 percent year-on-year.

During this period, investment in improving people's wellbeing rose 14.6 percent, among which investment in health and education increased by 69.3 percent and 16.5 percent, respectively.

In the first seven months, the city's imports and exports volume totaled 499.98 billion yuan ($72.95 billion), up 5.3 percent year-on-year.

The city's spending on health, social security, employment and education increased by 38.2 percent, 18.2 percent and 15 percent year-on-year, respectively.

The overall employment situation remains stable. From January to July, 240,700 new jobs were created, fulfilling 68.8 percent of the annual target.