The local economy has undergone stable development. In 2000, total GDP of Qingdao was RMB115.12 billion, a 15.2% increase over the previous year. The industrial structure has been greatly improved .

Qingdao has well developed textile, foodstuff and beverage industries. Many major manufacturers of chemicals, rubber, electrical and household electrical appliances are established in Qingdao, including Haier, HiSense, Aucma, Tsingtao Beer, Double-star, Qingdao Rubber and Estong. In 2000, the first industrial added value was RMB13.988 billion, a 6.5% increase over that in 2000;. the second industrial added value was RMB56.032 billion, a 17.1% increase ;the third industrial added value was RMB45.1 billion, a 15.2% increase.The proportion of the three industriy in GDP increased from 13.8:47.6:38.6 in 1999 to 12.1:48.7:39.2 in 2000.

In Qingdao area, commodities are distributed by wholesalers and retailers through department stores, supermarket and individual vendors in both urban and rural areas. At present, there are 24 retail facilities of over 10,000 square meters each, and 856 commodity markets.