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Qingdao is one of the major economic centers and open port cities on China's eastern seaboard. It is well known for its historic, cultural and scenic tourist attractions sites, as well as being of the best places in China to live and do business, Moreover, Qingdao will be the host city for the sailing regatta of the 29th Olympics in 2008.

Nestled between the mountains and the ocean, Qingdao's unique urban cityscape is a combination of mountain, sea and city. The city is studded with lovely beaches, classic European architecture and ample trees and gardens set off against the azure sky above and the endless sea below.

Qingdao has also secured its economic and cultural position in the country with the help of its growing economic strength and port facilities as well as its leading role in marine research and the number of famous brands and enterprises that call the city their home. Reform and opening-up have made Qingdao more prosperous and flourishing than ever before. Preliminary statistics indicate that Qingdao's GDP for 2004 was 216.38 billion yuan, an increase of 16.8 percent over the previous year. Import and export value reached US$24.332 billion, an increase of 39.3 percent. Accrued used foreign investment amounted to US$19.897 billion. In 2004 Qingdao was given the "Entrepreneur Satisfaction Award" and was named by China Central Television as one of the "Top Ten Economically Dynamic Cities in China".

After China's entry into the WTO ,Qingdao has given priority to its plans to develop its port, marine and tourist industries as well as build up its industrial bases in electronics and home appliances, petrochemicals, automobile, locomotive and shipbuilding, and new materials, so as to lead the county in modernization and gear up the pace of turning Qingdao into a key center city in China and a well-known city with distinctive features in the world .Partners in the city's growth and modernization will share the fruits of the city's rapid economic development and bountiful financial returns.

On behalf of the Qingdao Municipal Government and of the citizens in Qingdao, I wish to extend a warm welcome to friends from all corners of the world to come to Qingdao for travel, investment and economic cooperation. We will spare no effort to ensure your satisfaction.
 
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