Overview of the Economy of the Qingdao Municipality

Qingdao is a key economic center and open coastal city in China, one of the country’s fourteen open coastal cities and one of the eight cities authorized to hold international conferences, one of China’s main ports for foreign trade and is an important base for ocean research in China.

There are many famous Chinese enterprises located in Qingdao, such as the Haier Group, Tsingtao Beer Co., Ltd, the Hisense Group, the Aucma Group, the Double Star Group, the Rubber Group and the Etsong Group. Qingdao has become well-known for the enterprises conglomeration economical phenomenon in China. These conglomerates are leading players in the fields of electronics, computer hardware and software and bio & medical research.

Qingdao has 16 nationally famous brands, and 6 nationally well-known brands. Four companies have won national QC awards, and 11 companies have entered the nation’s top 500 rank. In addition there are a total of 125 city-known brands.

Qingdao’s financial sector is expanding rapidly. Many influential bankers have established branches and offices in Qingdao.

Qingdao has 25 maritime research institutes and educational and managerial institutions. QingdaoOceanUniversity is a national key university. More than half of China’s oceanic professionals and researchers are working in Qingdao where there is a wide range of instruments and apparatus for oceanic investigation and research.

State-level Key Development Zones

• Qingdao Economic and Technological Development Zone
• Qingdao Free Trade Zone
• Qingdao Hi-tech Industrial Development Zone
• Pingdu Cross-Strait Agricultural Co-operation Experimental Zone
• Provincial-level Economic and Technological Development Zone

Projects Reservoir:
Electronics, IT, Telecom, New materials, Oceanology, Bio-medical-chemical study, Agriculture …(counting and growing)