QINGDAO

QINGDAO FACTS

Location:a major port city in eastern Shandong Province.On the coast of the Yellow Sea, Qingdao lies on the west coast of Pacific Ocean and at the southern tip of Shandong Peninsula of north China and faces Korea and Japan across the sea in the east.

Population: 9.204 million

AREA:11,282 square kilometers

ADMINISTRATIVE DIVISIONS:7 districts and 5 county-level cities

GDP (2016): RMB1.001 trillion; 25.1% is marine economy: RMB251.5 billion

IMPORT & EXPORT (2015): RMB435.98 billion

6 Key Industries:Logistics, shipbuilding and marine engineering, home appliances and electronics, automobiles and railway engines,petrochemicals, and machinery and equipment

10 Emerging Industries:new materials, environmental protection , aviation economics, tourism equipment, marine biological medicine manufacturing industry, industrial robots, marine equipment, seawater desalination industry, marine energy and 3D printing technology.

QINGDAO PROFILE

Qingdao is one of China's first coastal open cities. It has established sister-city relations or friendly cooperative relations with 63 cities in foreign countries. More than 2,000 overseas trading firms, companies and financial institutions have set up permanent offices in Qingdao. A total of 130 companies on the Fortune Global 500 List have invested in 255 projects in Qingdao.

Qingdao is a regional economic centre, an important international trading port as well as a marine transport hub in China. It is one of China's top five ports for foreign trade. In 2016, the city's GDP totaled RMB1.001 trillion; the public fiscal budget revenue was RMB110 trillion. The Port of Qingdao has built trade relationship with more than 700 ports worldwide. In 2016, the port handled 400 million tons of cargo. Its total throughput ranked the 7th in the world and its throughput of crude oil ranked the 1st in China. Qingdao's Airport runs 146 international and domestic routes. In 2016, it handled over 20 million passengers, and 456,708 tons of cargo and mail.

Qingdao is a famous marine science city and a leading city in China's Blue Economy. The city is home to 70% of China's academicians and 30% of senior researchers in marine science and technology. Research institutions in Qingdao are responsible for 55% of marine research subjects under the National "863" Program and 90% of marine research subjects under the National "973" Program. The five major waves of development of ocean-farming all started in Qingdao. In January 2011, the Development Plan of the Blue Economic Zone of Shandong Peninsula was approved. Qingdao has since become a leading city in the core area of this zone. Qingdao aims to establish a pilot zone of blue economy, a cluster of independent marine research and development, a cluster of hi-tech industries and a demonstration area of the protection of marine ecological environment.