The economy appears to be stabilizing, despite the fragile global market and problems remaining with domestic development, analysts say.
Recently BGI, one of the world's biggest genomics companies, settled in Qingdao.
The 2016 International Graphene Innovation Conference (GRAPChina 2016) is set to open on Sept 22 in Qingdao.
Qingdao, a leading economic hub on the coastline of East China, is home to a number of globally-recognized brands.
Singapore and China's Shandong province signed 11 Memorandum of Understanding at the 19th Singapore-Shandong Business Council meeting.
In June, Haier Group, a leading maker of home appliances headquartered in Qingdao, Shandong province, completed the purchase of GE Appliances for $5.58 billion. Sixty percent of the purchasing fund was backed by China Development Bank's Qingdao Branch.
As G20 leaders meet in Hangzhou to discuss potential reforms to the global financial system amid the current economic slowdown, a coastal city in East China's Shandong province could provide them with plenty of material for discussion.
The future of Chinese-German business ties will be based trade in high-end goods, and investment in the fields of infrastructure projects, hightech manufacturing and multimodel logistics services, said officials and business leaders from both sides.