Modern sectors expected to grow

Due to its solid industrial and commercial foundation, Qingdao city planners have listed 10 industries set to grow in line with its financial sector.

Cruise lines

The city's ongoing cruise line home port project is expected to drive growth in a number of sectors including hotels, restaurants, shopping and banking.

Yachting

With a number of yacht clubs and marinas in Qingdao, city planners will also facilitate the development of yacht leasing and manufacturing to extend the value chain.

Commercial aircraft

Construction on Qingdao Aviation Industrial Park is underway. When finished it is expected to attract top aircraft manufacturers including Boeing, Gulfstream and Bombardier.

Automobiles

As Shandong province's only port known for automobile imports, Qingdao plans to boost the industry with car importing, manufacturing, trading, exhibitions and racing.

Advanced consumer goods

Qingdao officials said the city will continue to support existing shopping malls to expand their scope and scale while exploring ways to develop the online luxury business and artwork auctions market.

Healthcare and pensions

Qingdao will focus on upscale medical and health institutions, comprehensive Chinese medicine therapy, medical tourism, marine pharmaceuticals, retirement facilities and financial planning.

Upscale exhibitions and conventions

Already a city famed for its trade shows and festivities, Qingdao continues to improve its signature events such as the well-known annual international beer festival while fostering an array of leading professional exhibition organizers.

Education, sports, culture and film

Qingdao plans to continue to develop international schools, upscale business schools, leisure sports facilities and maritime sports events and work to become a locale for international film shoots.

Professional brokerage services

Plans call for agents and brokers to play a significant role in the development of Qingdao's wealth management industry, so the city will encourage brokers with chain operations as well as private capital and foreign investment.

Charity and philanthropy

Qingdao plans to reform its charity administration - including legal staff, access and taxation - and foster charity events in cooperation with celebrities and religious organizations.

huqing@chinadaily.com.cn

(China Daily 02/10/2015 page6)