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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, the VR network learned from the Qingdao Municipal Bureau of Science and Technology that, in line with the city's "Double Hundred Thousand" initiative, the bureau has collaborated with several key departments, including the Qingdao Municipal Development and Reform Commission, the Economic and Information Commission, the Environmental Protection Bureau, the Bureau of Statistics, and the Food and Drug Administration. Together, they have jointly developed and released the "One-Year Strategy for Qingdao High-Tech Industry" Action Plan (2017–2021). This plan outlines a targeted approach known as "One Industry, One Policy," focusing on 25 specific high-tech industry segments with five-year development strategies.
By 2021, the total revenue generated by these 25 industries is expected to reach approximately RMB 440 billion, reflecting an average annual growth rate of 20%. The number of industries with revenues exceeding 10 billion yuan is projected to rise from 7 to 11. Notably, the single industry classified as over 100 billion yuan—namely, computer, communication, and other electronic equipment manufacturing—remains unchanged at RMB 160 billion. Meanwhile, the number of 10 billion-yuan industries will increase to 10, covering sectors such as new energy vehicle manufacturing (RMB 60 billion), big data and cloud computing services (RMB 50 billion), pharmaceutical manufacturing (RMB 40 billion), basic electronic components and equipment (RMB 20 billion), instrument and meter manufacturing (RMB 16 billion), virtual reality and augmented reality (RMB 15 billion), artificial intelligence (RMB 15 billion), high-efficiency energy-saving industries (RMB 11.59 billion), software development (RMB 10.1 billion), and integrated circuit manufacturing and design (RMB 10 billion).
Among the 25 sub-sectors, 14 are expected to grow at an annual rate of more than 20%. Two of them are projected to see double-digit growth: new energy vehicles at 121%, and wearable smart devices at 109%. Five industries are expected to grow between 50% and 99%, including artificial intelligence (97%), virtual reality and augmented reality (97%), next-generation internet services (79%), aerospace and spacecraft manufacturing (58%), and graphene manufacturing (53%). Additionally, seven industries are anticipated to grow between 20% and 49%, such as big data and cloud computing services (46%), special-purpose robots (43%), industrial robots and workstations (43%), additive manufacturing (3D printing) equipment (42%), pharmaceutical manufacturing (42%), integrated circuit manufacturing and design (39%), optoelectronic devices and other electronic equipment (33%), and medical equipment and devices (20%).
This strategic plan highlights Qingdao’s strong commitment to fostering innovation and driving high-tech growth across multiple sectors, positioning the city as a major player in China’s technological landscape.