The Qingdao Statistics Bureau released the city's economic performance of the first three quarters of this year, showing Qingdao's rural economic development remained stable, the industrial production grew fast and the consumer market was brisk.

       The total output value of the first three quarters finished over 275 billion Yuan, up 16.2%, among which the primary industry rose 1.0%, the secondary industry, 16.5% and the tertiary industry, 17.8%. Fiscal revenue grew steadily with the local budgetary revenues being at close to 19.8 billion Yuan, up 24.6%.

       The rural economy maintained stable growth rate with the production of meat, egg, and milk reaching up to 649,000, 280,000 and 395,000 tons, respectively, in spite of slight declines in food and aquatic goods production.

       The total output value of heavy industry exceeded 265 billion Yuan, jumping up by 33.7% with machinery manufacturing sector accounting for 27.4% of the total output value of the city's large-scale industries.

       The service industry made over 113 billion Yuan of profit, accounting for 41.2% of Qingdao's GDP.The brisk consumer market has been the embodiment of the fast growing service industry with the total volume of consumer goods sales of the January-September period going well beyond 87 billion Yuan, mounting 17.6% compared to the same period of 2006.