​Qingdao FTZ's 2 parks recognized as modern service industry clusters

Qingdao city recently released this year's list of municipal-level modern service industry clusters. Among the 20 parks across the city that made the list, two are located in the Qingdao Area of the China (Shandong) Pilot Free Trade Zone (Qingdao FTZ).

They are the Qingdao Comprehensive Bonded International Logistics Industrial Park, which belongs to the field of modern logistics, and the Parallel Imported Vehicles Exhibition and Trading Center, which belongs to the field of new professional markets.

The Qingdao Comprehensive Bonded International Logistics Industrial Park. [Photo/WeChat ID: qingdaozimao]

The Qingdao Comprehensive Bonded International Logistics Industrial Park comprises a bonded logistics park and a bulk terminal park, and offers a wide range of warehouse options and supporting amenities spanning over 80,000 square meters.

The park has transformed some of its facilities into digital warehouses. This digital transformation has revolutionized inventory management, allowing seamless connectivity between storage and the Internet of Things. Furthermore, it has paved the way for customs, taxation, foreign exchange, and market supervision departments to achieve digital transformation, while also facilitating supply chain financial services.

The park aims to attract high-end logistics enterprises, enhance service capabilities, promote innovation in the international logistics field, and ensure the long-term development of the international trade industry.

The Parallel Imported Vehicles Exhibition and Trading Center. [Photo/WeChat ID: qingdaozimao]

The Parallel Imported Vehicles Exhibition and Trading Center is a unique market that offers a wide range of services including distribution, retail, exhibition, and online and offline operations.

Divided into three sections, the center showcases parallel imported vehicles, high-end imported goods, and offers supporting services. As the only market of its kind in the region, the center has functions which include car sales, international trade, and after-sales services.

The center is aiming to become a leading exhibition and trading base for automobiles, peripherals, and culture, integrating online and offline B2B2C models. It will serve as a hub for the parallel imported car industry, promote ecosystem agglomeration and provide high-end imported car services throughout the region and within China.