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

Qingdao's economic recovery is gaining momentum amid a better COVID-19 situation domestically and intensified macroeconomic policy support, according to local officials.

From January to August, the added value of industrial enterprises above designated size in the city increased by 3.6 percent year-on-year. Of the 35 industrial categories, 24 posted year-on-year growth.

High-tech manufacturing continued to grow, with the added value of high-tech manufacturing enterprises above designated size rising 22.7 percent year-on-year in the first eight months of this year.

During the January-August period, fixed asset investment rose 2.2 percent from a year earlier. There were 5,945 projects under construction in the city, which was 43 more year-on-year.

During this period, investment in infrastructure grew by 17.2 percent year-on-year, manufacturing increased by 8.1 percent and real estate development fell 7.5 percent. Investment in people's livelihood rose 18.6 percent year-on-year.

In the first eight months of this year, retail sales rose 14.1 percent from a year earlier.

The city's total import and export value stood at 590.33 billion yuan ($82.94 billion), up by 8 percent year-on-year.

Private enterprises continued to dominate the city's foreign trade, with their total import and export value hitting 408.68 billion yuan, up 12.3 percent year-on-year, and accounted for 69.2 percent of the city's total.

A total of 281,100 urban jobs were created during this period, up 0.9 percent year-on-year.