Qingdao, located on the coast of the Yellow Sea, lies in the south of Shandong Peninsula.
Qingdao is an important international trade port located along the western coast of the Pacific Ocean.
Qingdao is one of China's first 14 coastal open cities. It has established many opening-up functional areas.
In 2012, Qingdao’s gross regional production hit 730.2 billion yuan ($119.02 billion), with its total economic volume ranking in the top 10 nationwide and its total output value per capita reaching $13,000.
Qingdao of Shandong province serves as the core part and takes the lead in implementing the country’s regional development strategy in the Shandong Peninsula’s Blue Economic Zone.
Qingdao has nurtured a group of well-known enterprises and brands, like Haier, Hisense and Double Star.
Surrounded by hills and sea, Qingdao was one of the first cities recognized on the China's Excellent Tourism Cities list.
Qingdao is further developing its cyclic economy and green economy. It has built a national environmental protection model focusing on urban agglomeration.
Qingdao constantly optimizes its business development environment. Fortune China rated the city as the "Best Rising Commercial City in China".