Shandong - Qingdao Economic and Technological Development Area

Qingdao Economic and Technological Development Area

Facts and Figures (2007)

Source: Administration Committee of Qingdao ETDA

Introduction

The Qingdao Economic and Technological Development Area (Qingdao ETDA) was set up by the State Council in 1984, and has a planned area of 12.5 km². After being combined with the Huangdao District, it currently covers a total area of 274 km², and has a resident population of 400,000.

Qingdao ETDA is located at the west coast of Jiaozhou Bay, facing the downtown area of Qingdao across the strait. The Jiaozhou Bay Highway connects Qingdao ETDZ with the downtown area, with a road distance of 60 km.

Qingdao ETDA has convenient water-transport conditions. It is located next to the Huangdao dock, which is a part of Qingdao Port. The latter is the currently the nation's fifth-largest and the world's seventh-largest seaport, with its annual throughput capacity reaching 265 million tons in 2007. Unfortunately, however, Qingdao ETDA isn’t close to air transport, being 50 km away from Qingdao Liuting Airport.

Investment Climate

In 2007, Qingdao ETDA's GDP reached RMB 59.7 billion, up 27.0% over the previous year. A series of pillar industries have been formed, including home appliances, electronics, petrochemicals, automobiles and auto parts, ship-building, new materials and port logistics.

At present, three-hundred and fifty-eight companies above designated size have invested in Qingdao ETDA. The big players are the major driving force for the development of Qingdao ETDZ. In 2007, one-hundred and fifteen companies exceeded revenue of RMB 100 million. Within the same year, the industrial output of these companies reached RMB 130.7 billion, accounting for more than 40% of the ETDA's total.

In 2007, the export and import value of Qingdao ETDA reached US$2.8 billion and US$2.0 billion, up 19.6% and 10.4% respectively. The major export destination is Asia, which accounted for 42.3% of the total export. Most of the export belongs to processing export, which contributed to 73.7% of the total.

In 2007, the ETDA's utilized FDI reached US$998.0 million, up 20.5% year-on-year, of which the investment from Asian countries and surrounding areas accounted for 55.6%. Taiwanese and Japanese companies are the major investors.

Famous companies include the Taiwan-based Chenglin Sanitary Ware, Ruizhi Compressor, Taiwan Glass, and the Japan-based Kobe Steel and Sojit Machinery.