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The ever-growing economic strength, fast-developing
port facilities, and unique advantages in marine research,
have established Qingdao's economic and cultural position.
More than 20 years of opening and reform have revitalized
the local development. In 2002, the total GDP of the city
reached RMB151.8 billion, an increase of 15.0% over the
previous year. Such well-known brands as Haier, Tsingtao
Beer, Hisense, and Aucma have become the pride of the city.
Qingdao's efforts on the improvement of its investment environment
and opening in recent years have attracted foreign investments
totaling nearly US$12 billion. Presently, 95 international
consortia have made investments here, among which, Coca-Cola,
Lucent, Degussa, Nestle, and Mitsubishi have commenced production
or operation, and have begun making profits.
¡In this promising new century, Qingdao will focus
on the building of a regional shipping centre, a trading
centre, a financial centre, an information centre, and a
hi-tech industrial centre. As well as, quickening its steps
in the progress toward recognition as a modern international
metropolis. Friends who take part in Qingdao's modernization
construction will share in the happiness of the fast economic
development, and be richly rewarded.
¡I, hereby, on behalf of the municipal government
and the people in Qingdao, welcome friends both from home
and abroad to come to Qingdao for sightseeing, investment,
and business co-operation. We will provide all the necessary
conditions and convenience for you.
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