Qingdao

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Source: China Statistics Yearbook 2011, data for the year 2010, parenthesis show national rank
Q
ingdao is one of Chinas more charming and tourist-friendly
cities, known for its beer and seafood, but the city is also no
stranger to foreign investment. Fortuitously located on the
peninsula of Shandong Province, Qingdao serves as an important
international trade and transportation hub in northeast China.
To improve transportation connections, the Jiaozhou Bay Bridge
(the world's longest bridge over water as of mid-2011), as well as
the Jiaozhou Bay Tunnel, were recently completed, linking Qingdao
city proper with the Huangdao district and Qingdao Economic and
Technical Development Zone.
Economy and Investment Climate
Qingdao Port is the 8th busiest container port in the world, and
5th biggest in China (by goods and container throughput). Several
Fortune 500 companies have established subsidiaries in Qingdao
Port, including Mitsubishi from Japan and ABB from Sweden.
Te city is also home to several internationally-known Chinese
companies, including electronics manufacturer Hisense, white
goods giant Haier and the beer producer Tsingdao.
Te city enjoys a large area of shallow coastline, which allow
for harvest of marine products including shrimp, sea cucumber,
abalone, scallops and seaweed. As such, the city is a major center for
fruit and seafood processing for Japanese, Korean and U.S. markets.
Qingdao has planned a 7+4 development scheme since 2010.
The scheme incorporates the development of seven strategic
industries, including electronics, petrochemical, automobile,
marine, textile, food and beverage, machinery, and the development
of four emerging industries, including new energy, new materials,
biomedicine and energy conservation and environmental protection,
into the blueprint of the citys future economic development.
QINGDAO
QINGDAO
Qingdao Port
is the 8th busiest
container port in
the worl d, and
5t h bi gges t i n
China (by goods
a nd c ont a i ne r
throughput).

Import-Export
Total Value
US$57.05 m (12th)
Gross Regional
Product
RMB566.62 m (8th)
Municipality
City Population
7.64 m (12th)
4 |
DEZAN SHIRA & ASSOCIATES
Development zones in and around the city include:
Qingdao Economic and Technical Development Zone
Qingdao Hi-Tech Industrial Development Zone
Qingdao Export Processing Zone
Qingdao Software Park
In addition, Qianwan Bonded Port is the only bonded area in the
Yellow River basin. Several trading markets are located inside the
Bonded Port area, including those for rubber, cotton and mineral
products.
Infrastructure
Aviation
Qingdao Liuting International Airport is located in Chengyang
District, Qingdao City, about 25 kilometers from the downtown
area. Flights to more than 50 Chinese cities depart from the airport,
while direct international fights to Seoul, Pusan, Tokyo, Osaka,
Hong Kong and Taiwan are also available.
Railways
Te Qingdao Railway Station provides daily connections to more
than 15 major cities throughout China, including Beijing, Shanghai,
Xian, and Chengdu.
Bullet trains now run between Qingdao and the Shandong
provincial capital (Jinan), 360 km away. Tese trains travel at a
top speed of 250km/hour and the journey now takes less than two
hours, compared with 6.5 hours during the 1990s.
A new high-speed rail service has also been added between Qingdao
and Beijing. With a top speed of 300km/hour, the high-speed rail
cuts travel from Qingdao to the nation's capital to only 4.5 hours.
Port and Waterways
Qingdao Port also operates one of Asia's biggest crude oil terminals
and one of the world's top iron ore terminals. Besides its large-scale
container, crude oil and iron ore facilities, the port is also equipped
with a coal terminal and grain-handling base, and one of the largest
electronic data interchange (EDI) centers in China.
Qingdao is currently building a new port south of the current one
in an area called Dongjiakou. Te port will provide three major
trading channels for ore, oil and coal. Upon completion the annual
throughput of the port is expected to reach 400 million tons.
Dongjiakou will become the world's largest iron ore dock (400,000-
ton) (currently in operation). In addition to the iron ore dock,
Qingdao also plans to build a 300,000-ton oil terminal in 2012.
Qingdao Port
also operates one
of Asias biggest
crude oil terminals
and one of the
worlds top iron
t e r mi na l s .

DEZAN SHIRA & ASSOCIATES

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Roads
Main highways include the Jinan-Qingdao, Jiaozhouwan and the
Qingdao-Yinchuan expressways.
Te Seaside Highway, one of the main frameworks of Qingdaos
transport system, starts from the Kaolao Dam in the north of
Jimo city and ends at 204 national highway near Liushudi Village
in Jiaonan city.
Resources
Qingdao Government
http://english.qingdao.gov.cn/n2043295/index.html
Qingdao Expat Community Guide
http://www.qingdaoexpat.com
Qingdao Travel Guide
http://www.travelchinaguide.com/cityguides/shandong/qingdao/
Red Star
http://myredstar.com/
Provi di ng busi ness advi sor y, corporate establ i shment, tax, accounti ng, payrol l ,
due-diligence and audit services to multinational investors and SMEs in Asia since 1992.
Corporate Establishment, Tax, Accounting & Payroll Troughout Asia
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