Statistics show that Qingdao's heavy industry has accelerated restructuring this year and for the first time exceeded light industry in growth rate.

In the first 11 months this year, the heavy industry achieved a general output of 73.3 billion Yuan, increasing 33.6% over that of last y ear, 16% higher in growth than that of the light industry. This

alters the ratio between light and heavy industries from the former 7 to 3, to the present 6 to 4.

The development in large enterprises like Qingdao Steel,Qingdao Automobile and Huanghai rubber groups have contributed greatly to the rapid growth of the city's heavy industry. Technical renovation has generated greatly for the fast development of these enterprises. The Qingdao Steel Group has upgraded its technical structure and equipping capability with 6 new technical programs . When the projects were put into operation, its economic efficiency growth achieved 115%.The Qingdao Automobile Group has explored new products and expanded it's products to over 20 kinds of automobiles. Its sales volume will hit 10 billion Yuan. The Huanghai Rubber Group will enjoy a sales volume of 2.5 billion yuan, increasing 25% over that of last year.

(TOP86)