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.
Officials to the third Qingdao Multinationals Summit, which was held from June 19-21, shared their experience in achieving innovation-driven development and high-quality opening-up in the Qingdao Area of the China (Shandong) Pilot Free Trade Zone.
A groundbreaking ceremony for 10 key projects with a total investment of 20.1 billion yuan ($3.01 billion) kicked off at Qingdao Integrated Circuit (IC) Industrial Park on June 9.
Qingdao West Coast New Area (Qingdao WCNA) in Qingdao city, Shandong province, reported a strong economic performance in the first quarter of 2022.
Construction has been accelerated at the Qingdao International Aquatic Products Trading Center and the Cold Chain Logistics Base project in Qingdao West Coast New Area.
Bekaert (Qingdao) Wire Products Co Ltd, which was registered and established in Qingdao West Coast New Area (WCNA), added an additional investment of $50 million to expand production.
The construction of major projects in Qingdao in the second quarter this year was held at the high-end optoelectronic industry base in the Qingdao West Coast New Area on April 6.
On March 23, China's first cross-border financial service platform for foreign exchange payment facilitation was launched in the Shandong Free Trade Zone Qingdao Area, which is located in the West Coast New Area.
Email: xhatg@qd.shandong.cn 
Tel: 0532-86812345 
Address: No 181 Xihai'an Road, Huangdao district 
