Investment climate for foreign investors China, Shandong, Qingdao

 

The Investment Climate of Qingdao, Shandong, China

 

A Brief Introduction to Qingdao China

The international business city of Qingdao Shandong China

Qingdao is a famous open harbor city in China. Strategically located on the north-east coast of China, it boasts the third largest shipping port in the country. Qingdao is now completing a major over haul to the Qian Wan Port which will make it China largest and most sophisticated port.

Qingdao offers a great deal of opportunity for manufacturers and investors. It is a large industrial, sea research, foreign trade and tourism city. Qingdao has the largest industrial base in Shandong Province; the third largest provincial economy in China.

Qingdao is home to China’s biggest manufacturers and top brands which include Haier, Qingdao Beer, Hisense, Double Star and Aucma. In the field of electronics and household electrical appliances, Haier, Hisense and Aucma lead the way. The Qingdao Beer Company produces the most popular brand of beer in China. Qingdao beer has an excellent reputation both domestically and internationally. With the fast growth of it’s name brands, Qingdao won the "nation’s most economically energetic city" and the "entrepreneurs’ most favorite city" awards in 2004.

Foreign companies have been investing heavily in Qingdao. Thanks to the improved investment environment, foreign companies keep coming to Qingdao attracted by the lower cost of land and labor as compared with other industrial cities in China. As of the end of last year, USD $20 billion has flowed into Qingdao, taking 3.6% of all foreign investment in China and 36.6% in Shandong. Currently ninety-nine countries and regions have invested in Qingdao.

Currently, a total of over 6,000 investment projects had been approved by state. The number of individually foreign-owned enterprises, cooperation enterprises and joint ventures in operation reached well over 2,000. Forty-eight countries and more than forty globally-recognized companies are invested in Qingdao.

In 2008, Qingdao will be co-hosting the Olympics Games with Beijing. This will bring the world’s attention onto this economic gem in the Chinese economy. Qingdao is an excellent location for foreign investment and your gateway into the China market. Visit the below link for more details of this beautiful city.

http://www.qingdaochina.org/english/default.htm

 

 

The Ecomonic Development in Shandong Rates in the Top of China's Provinces 
http://www.qingdaochina.org/english/Survey/em2_2.htm

Qingdao is endeavoring to build a modern industrial system centered around three economic sectors (port, ocean development and tourism) and four pillar industries (electronics and home appliances; shipbuilding, locomotives, rolling stock and container manufacture; petrochemicals; and new materials). Qingdao is forming the framework for a greater metropolis incorporating Qingdao, Huangdao and Hongdao. This will involve construction of a coastal road from Mt. Langyatai to Tianheng Island encompassing all the satellite cities.

Qingdao Port, one of the largest industrial centers, and port cities in China. It's port is a famous natural port, is the largest container transportation hub in the Yellow River Region and along the west Pacific coast and has trade relations with more than 450 ports in over 130 countries and regions in the world. In 2002, the throughput of the port reached 122.13 million tons, up 20% over the previous year. The 2002 container throughput was 3.41 million TEUs, up 29.2%, placing it in the 15th position in the world container port ranking. With a foreign trade handling capacity of 82.19 million tons, Qingdao Port has become the largest transit port in Mainland China and the second largest foreign trade seaport in this country. 

 

Model of Qingdao

Beautiful Qingdao

Qingdao's May 4th Square

One of the many beaches.

Qingdao Tourist Parks & Resorts

Popular Old Stone Man Beach 

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