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In recent years, centering on building a wealthy, civilized and harmonious modern international city, Qingdao makes great efforts to build advanced manufacturing industrial base, hi-tech industrial base, modern service industrial base, regional economic center, Northeast Asia international shipping center and national marine research center.

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With strong and solid industry foundation, Qingdao has basically established eight industrial bases of electronic information, automobile, ship and ocean engineering, locomotive, petrochemicals, steel, textile and clothing, biology and new material. The output of household electric refrigerator and color TV take up 18.4% and 10.4% respectively of the total national output. In 2008, added value of the industrial enterprises above the designated scale exceeded 200 billion Yuan, up to 12.1%; the proportion between light and heavy industry was 43.6:56.4; the capital maintenance and increment ratio reached 103.63%, and sales ratio was 96.96%. Total industrial output value of the industrial enterprises above the designated scale exceeded 800 billion Yuan, hi-tech industrial output value rose by 20.1%, taking up 46.31% of that of the industrial enterprises above the designated scale. In September 2008, Qingdao was cited as "China's Famous City of Manufacturing Industry" at the 2nd Asia Manufacturing Industry Forum.

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