Qingdao is a famous state listed historical and cultural coastal open city, and a world-known tourist resort and is of great economic importance. Five county-level cities and seven districts with a total area of 10,654 square km and a combined population of 7.03 million are administered by the city.
Since China launched the reform and opening program, the city has witnessed rapid economic development, significant increase in its comprehensive might. constant expansion of international exchanges. fundamental changes in its outlook and significant improvement in the residents' living standards. Particularly, in recent years, the city has effectively displayed its advantage as a coastal port. The construction of urban infrastructure facilities centering around port transportation have been enhanced.
By increasing urban functions and perfecting the investment environment. the city's favorable geographical location and sound investment environment have attracted a growing number of overseas investors and traders. Over the past seven years, the city has utilized USD 6.21 billion of foreign capital. The number of large foreign-funded projects with investment exceeding USD10 million now stands at 339. Investors include 34 world-renowned firms and consortia. Projects funded by Coca-Cola, AT&T, Degussa, Nestfe, Mitsubishi and other businesses have entered production and are achieving good results.
The new century is here and Qingdao will increase reforms and accelerate development with an aim to develop into a prosperous socialist metropolis. The city will have active port trade, modern industry, developed agriculture, complete financial services, attractive tourist resorts and advanced marine research. Qingdao is part of China , as well as the world. Its prosperity and development are inseparable from the support and cooperation of friends from various circles both at home and abroad. 7.03 million Qingdao citizens sincere1y welcome domestic and overseas friends to come and assist in the development of this promising land to jointly create a bright future .
