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Shinan district, located along the southern coast of Qingdao, is a center of politics, economy, tourism, culture, science and technology, finance and trade. The district's economy saw rapid development in 2020. The district's GDP topped 100 billion yuan ($15.42 billion) in 2018, 110 billion yuan in 2019 and 120 billion yuan in 2020, respectively, in the past three years. Moreover, it is forecast to exceed 125 billion yuan this year, with average year-on-year growth of 6 percent during the same period. Shinan's per capita GDP exceeded 200,000 yuan in 2020.

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Smart city construction summit takes place in Shinan

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