The Qingdao West Coast New Area is the only State-level new area in Shandong. It spans an area covering 2,128 square kilometers on land and 5,000 sq km on the sea with four major national projects covering managing marine development, integrated innovation, building a FTZ, and establishing innovative institutions.
A leading area for high-quality development
In 2020, the new area registered a regional GDP of 372.17 billion yuan ($58.34 billion), which contributed to more than 30 percent of the economic growth in Qingdao. In the first three quarters of 2021, the regional GDP reached 311.21 billion yuan, a year-on-year increase of 11.8 percent. The new area is also home to the world's largest marine gene bank, the largest algae processing base, and the largest film and television industrial park in the world.
At the forefront for reform and opening-up
The regional gross ocean product of the new area has an annual average growth rate of 14.4 percent and accounts for 39 percent of Qingdao's total. The new area includes more than 2,100 industrial projects with a total investment of more than 2.1 trillion yuan, of which 41 are at a ten-billion-yuan level and 271 are funded by the Fortune Global 500.
A new benchmark for city building
The new area boasts the beautiful bays. More than 100 international events have been held in the new area such as the Global Health Forum of Boao Forum for Asia, the East Asia Marine Cooperation Platform Qingdao Forum and the Qingdao International Beer Festival.
A new example of livability
The Qingdao West Coast New Area has rich educational and medical resources. It won the China Best Employment Promotion Award in 2020, and the new area has received the National Excellent City of Social Governance Innovation honor three times for advancing innovation in social governance.
An aerial view of the Qingdao West Coast New Area [Photo/WeChat account: qdxihaianfabu]