Haier Group, China's biggest maker of household appliances, has opened a new refrigerator factory in Russia in response to increasing demand from the European market.
Qingdao recently held activities in its west coast new area to celebrate the second Qingdao Tea Culture Festival and the 60th anniversary of Shandong province's south-to-north tea introduction project.
Qingdao has reached deals for seven projects with Fortune 500 enterprises in the first quarter of 2016, bringing in a total investment of 6 billion yuan ($924 million).
An economic forum focusing on investment was held on May 21 in Qingdao of Shandong province.
The Qingdao west coast new area was approved by the State Council, China's cabinet, as the ninth national-level new area in China's "new district strategy" in June 2014.
"Blue Valley", a new area located in Jimo, a county-level city in eastern Qingdao, featuring marine science and technology, has made progress in becoming a national ocean technology innovation role model in the past four years.
The Qingdao Center for Business and Commerce in USA was set up on May 17 in San Francisco, California.
East China's Qingdao, one of the world's busiest ports, has seen unprecedented congestion, with crude oil tankers waiting for days to be unloaded, industry insiders said.