Qingdao is an important economic centre, as well as an open coastal
city.It is also a well-known historic and cultural city, and a scen
ic tourist destination.Surrounded by mountains and bordering the se
a, Qingdao is a beautiful resort city. Red-roofs,green trees,blue s
ea,and azure skies produce a fabulous picture.It boasts 10 mountain
s and hills,including Mount Laoan important Taoist location,with th
e highest peak along the Chinese coast.Such unique features attract
numerous visitors from the world over. The ever-growing economic st
rength, fast-developing port facilities, and unique advantages in m
arine research, have established Qingdao's economic and cultural po
sition. More than 20 years of opening and reform have revitalized t
he local development. In 2001, the total GDP of the city reached RM
B131.6 billion, an increase of 13.7% over the previous year. Such w
ell-known brands as Haier, Tsingtao Beer, Hisense, and Aucma have b
ecome the pride of the city. Qingdao's efforts on the improvement o
f its investment environment and opening in recent years have attra
cted foreign investments totaling nearly US$10 billion. Presently,4
9 international consortia have made investments here, among which,C
oca-Cola, Lucent, Degussa, Nestle, and Mitsubishi have commenced pr
oduction or operation, and have begun making profits. In this promi
sing new century, Qingdao will focus on the building of a regional
shipping centre, a trading centre, a financial centre, an informati
on centre, and a hi-tech industrial centre.As well as,quickening it
s steps in the progress toward recognition as a modern internationa
l metropolis. Friends who take part in Qingdao's modernization cons
truction will share in the happiness of the fast economic developme
nt, and be richly rewarded. I, hereby, on behalf of the municipal g
overnment and the people in Qingdao, welcome friends both from home
and abroad to come to Qingdao for sightseeing, investment, and busi
ness co-operation. We will provide all the necessary conditions and
convenience for you.

Preface
"A Guide to Foreign Trade and Economic Cooperation in Qingdao" intro
duces the overseas investment environment, and relevant policies and
　laws in Qingdao, which will be of service to your business activities.
　Qingdao, as the host city of the 29th Olympic yachting events, welcom
es you.