In 2022, the gross domestic product (GDP) of Qingdao West Coast New Area (Qingdao WCNA) reached 469.19 billion yuan ($68.74 billion).
Official statistics show that in the first three quarters of this year, the gross domestic product (GDP) of Qingdao West Coast New Area (Qingdao WCNA) reached 343.68 billion yuan ($48.41 billion), a year-on-year increase of 5.3 percent.
With a total investment of 2.81 billion yuan ($384.7 million), 10 major projects recently started construction in Qingdao West Coast New Area (Qingdao WCNA).
Forty-eight major projects receiving a combined 120.6 billion yuan ($16.76 billion) in investment were signed into effect in Qingdao West Coast New Area (Qingdao WCNA) on Sept 28.
Total box office sales of movies filmed at the Oriental Movie Metropolis, one of the largest film studio complexes in the world, in Qingdao West Coast New Area has exceeded 16.6 billion yuan ($2.37 billion).
Top executives from Shandong Port Group and Port of Long Beach in California have promised more substantial cooperation to contribute to trade and cultural exchanges between China and the US.
The China (Shandong) Pilot Free Trade Zone Qingdao Area, or Qingdao FTZ, welcomed the first China-Europe freight train on July 17.
The Qingdao Area of the China (Shandong) Pilot Free Trade Zone plays a vital role in national strategies by integrating favorable policies and promoting investment facilitation to boost development.