Qingdao FTZ among China's most attractive industrial parks for investment

Qingdao FTZ stands in the first echelon among the 67 areas of the 21 pilot free trade zones in the country. [Photo/WeChat ID: qingdaozimao]

The Qingdao Area of the China (Shandong) Pilot Free Trade Zone, also known as the Qingdao FTZ, made the 2022 list of China's most attractive industrial parks for investment at the third Global Promotion Event for Foreign Business Investment Attraction on April 4.

Since its establishment in 2019, the Qingdao FTZ has been forging ahead with reform and opening-up and has been committed to creating a free and convenient business environment to develop foreign trade and logistics and attract investment, capital and personnel.

In 2022, the Qingdao FTZ attracted a number of investment projects from Fortune Global 500 companies and its actual utilization of foreign capital increased by 17 percent year-on-year.