In the first three quarters of this year, Qingdao West Coast New Area (Qingdao WCNA)'s output of industrial enterprises above a designated size reached 354.27 billion yuan ($48.95 billion), a 3.66 percent increase from the previous year, with the added value of this output expanding by 8.5 percent.
Qingdao WCNA's focus on innovative development has brought about rapid growth in its chemical new materials and intelligent home appliances sectors, which are part of the 100-billion-yuan industrial clusters. These high-end industries now account for over 59 percent of the total industrial output value.
Emerging industry parks are also being established for integrated circuits, new displays, green and low-carbon new materials, and hydrogen energy. The new area is home to over 4,000 enterprises above the designated size and more than 1,500 high-tech enterprises.
Artificial intelligence (AI) is a key emerging industry, and the new area's AI industrial park is focusing on R&D and application of this technology. The park has attracted numerous high-tech enterprises and research institutions, leading to technological breakthroughs and market expansion.
To enhance the business environment, Qingdao WCNA has implemented service systems, including improved communication mechanisms and tailored assistance plans for enterprises. The local bureau of industry and information technology has served over 800 enterprises, addressing more than 100 issues related to finance, energy usage, labor, and project applications.
A nighttime coastal view of Qingdao West Coast New Area. [Photo/CFP]
Email: xhatg@qd.shandong.cn 
Tel: 0532-86812345 
Address: No 181 Xihai'an Road, Huangdao district 
