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Qingdao confirms 5-year development plan for high-tech industry, VR/AR industry revenue will reach 15 billion
In a recent update from the Qingdao Municipal Bureau of Science and Technology, it was revealed that the city has launched the "One-Year Strategy for Qingdao High-Tech Industry" Action Plan (2017–2021) in collaboration with several key departments, including the Qingdao Development and Reform Commission, the Economic and Information Commission, the Environmental Protection Bureau, the Bureau of Statistics, and the Food and Drug Administration. This initiative is part of the broader "Double Hundred Thousand" project aimed at promoting high-tech industry growth.
The plan outlines specific strategies under the "One Industry, One Policy" framework, focusing on 25 key sub-sectors of the high-tech industry. Each sector has its own five-year development roadmap designed to drive innovation and economic growth. The goal is to achieve a main business revenue of approximately RMB 440 billion by 2021, with an average annual growth rate of 20%. The number of industries generating over 10 billion yuan is expected to rise from 7 to 11, while the single 100-billion-yuan industry—computer, communication, and other electronic equipment manufacturing—will remain unchanged at 160 billion yuan.
Among the 25 sub-sectors, seven industries are projected to reach the 10-billion-yuan mark, including new energy vehicle manufacturing (60 billion), big data and cloud computing services (50 billion), pharmaceutical manufacturing (40 billion), basic electronic components and equipment (20 billion), instrument and meter manufacturing (16 billion), virtual reality and augmented reality (15 billion), artificial intelligence (15 billion), high-efficiency energy-saving industries (11.59 billion), software development (10.1 billion), and integrated circuit manufacturing and design (10 billion).
Notably, 14 of the 25 sub-sectors are expected to grow at an annual rate exceeding 20%. Two sectors—new energy vehicles (121%) and wearable smart devices (109%)—are anticipated to see explosive growth. Five others, such as artificial intelligence (97%), virtual reality and augmented reality (97%), next-generation internet services (79%), aerospace and spacecraft manufacturing (58%), and graphene production (53%), are also expected to grow rapidly. Additionally, seven industries are forecasted to grow between 20% and 49%, including big data and cloud computing (46%), special-purpose robots (43%), industrial robots and workstations (43%), 3D printing equipment (42%), pharmaceuticals (42%), integrated circuits (39%), optoelectronic devices (33%), and medical equipment (20%).
This strategic approach highlights Qingdao's commitment to fostering a dynamic and innovative high-tech ecosystem, positioning itself as a leader in the region’s technological advancement.