Approved by the State Council in October 1984, Qingdao Economic & Technical Development Zone was officially launched on March 28, 1985 with an original area of 15 km2. The State Council approved the land extension to 20.02 km2 on May 13, 2005. In 1992 Qingdao Development Zone was merged with Huangdao District and set up the Free Trade Zone and the New Technology Industrial Experimental Area. In 1995 approved by the Shandong provincial Government, Xuejiadao Tourism Resort (now the name changed to Phoenix Tourism Resort) was set up. At present the total area (including Huangdao District) is 274.1 km2 with a population of 428,000 among which the permanent people is 280,000. During the last 20 years of construction, QDZ has witnessed the rising up of a modern new international metropolis and it has become one of the most concentrated areas opening to the outside world in China.

Comprehensive development

The national economy has been keeping an upstanding trend. In 2004 the local GDP is 27.51 billion RMB Yuan increased by 28.9%; the total industrial output value is 60.6 billion RMB Yuan increased by 31%; the local general budget income is 1.58 billion RMB Yuan increased by 32.9%; the value of foreign trade export is 1.35 billion USD increased by 53.7%; the retail value of social consumption goods is 2.84 billion RMB Yuan increased by 24%; the employee’s average income per year is 14,990 yuan increased by 6.7%; the average income of rural citizen is 5640 yuan increased by 8.1%; the balance of deposits of financial system is 13 billion RMB yuan and the balance of loan is 13.1 billion RMB Yuan. From January to May 2005, the total industrial output value is 27.2 billion RMB Yuan increased by 33.1%; the local general budget income is 670 million RMB Yuan increased by 17.3%; the value of foreign trade export is 680 million USD increased by 68.9%; the balance of deposits of financial system is 14.1 billion RMB yuan increasing 1.1 billion RMB Yuan to beginning the year; the balance of loan is 14.8 billion RMB Yuan increasing 1.7 billion RMB Yuan to beginning the year. According to the Commercial Ministry, Qingdao Development Zone ranks fifth among the total national-level development zones.

Investment promotion and project construction

Investment promotion and project construction are the focus of all the economic tasks. Till now, there are a total of 1,852 approved foreign-funded projects from 53 countries and regions, with the actually utilized investment of 4.57 billion USD. There are 312 projects with individual investment above USD 10 million, 9 of which exceeded USD100 million. Besides, there have been 48 projects invested by companies listed among the Global Fortune 500 in QDZ. With the fast development of reform and opening-up, Haier, Hisense, Aucma, Sinopec, CSIC, CNOOC, CIMC etc. all locate in our zone. In 2004 the total actually utilized investment is 1.18 billion USD and the actual national investment is 5.65 billion RMB Yuan. From January to May 2005, the actually utilized investment is 250 million USD. 

Qingdao Economic & Technical Development Zone Administrative Committee

Add: Runze Building, 369 Changjiang Zhonglu, Qingdao

Postcode: 266555

Tel: 0532-86092801

Website: http://www.qda.gov.cn/en/index.htm

Related Links:

Qingdao Hi-Tech Industrial Development Zone

Qingdao Free Trade Zone