Qingdao WCNA achieved a GDP of 365.03 billion yuan.
China's largest liquefied natural gas (LNG) storage tank, with a storage capacity of 270,000 cubic meters, was put into operation at Sinopec Qingdao LNG Receiving Terminal on Thursday.
Since its establishment on Aug 30, 2019, the Qingdao Area of the China (Shandong) Pilot Free Trade Zone, also known as the Qingdao FTZ, has reaped fruitful results brought by its innovations regarding reform, opening up and industrial development.
Qingdao West Coast New Area has been recognized as one of the 20 "advanced counties for high-quality development" by the Shandong Provincial Government for the fourth consecutive year.
The Bangtuo pelletizing production line project in Dongjiakou Economic Zone of Qingdao WCNA is set to be launched.
A white paper on the developmental achievements of the Qingdao Free Trade Zone since its establishment four years ago was released on Aug 29.
China has completed construction of its largest domestic liquefied natural gas storage tanks, which industry analysts said would enhance the nation's natural gas storage capacity and ensure energy security.
The 2023 China Netcasting Creation Summit was held in the Qingdao WCNA from Aug 24 to 25.