Qingdao City is located in the south of Shandong Peninsula. It is a key economic center, open coastal city and tourism spot in China,known as "Oriental Switzerland".

In the east part of Qingdao is located Laoshan District, which covers an area of 389.34 km2 and has a population of 191,400. With three national class areas inside, namely the Hi-tech Industry Development Zone, Shilaoren National Tour Resort and Laoshan Scenic Spot, Laoshan is now sparing no effort to build itself into a district featured with "5-center and 4-type". The 5-center refers to  the Center of Hi-tech Industrial Development, The Center of Tourism and Holiday Resort, the Center of High Education, the Center of Commerce and Business and the Center of Festivals and Exhibitions, and the 4-type new area means economically-efficient, population-densed, tourism-adaptable and environment-friendly.In 2005, GDP of Laoshan District reached RMB19.698 billion, 17.6% up than last year.

Laoshan District attaches great importance to the development of hi-tech industries, modern tourism and modern services. In terms of hi-tech industry, the focus is laid on the following four leading sectors such as IT, Software, Marine Biological Pharmacy and new Materials. the district boasts 206 hi-tech enterprises including Haier, Lucent Technology and DIC, etc; over 40 scientific research institutes and enterprise R/D centers including FIO, No. 22 Institute Of Electronic Industry Ministry, No. 725 Institute Of China Shipping Industrial Group and Haier Central Research Institute, as well as 3 universities including China Ocean University, Qingdao University and Qingdao S/T University, thus it is the most talent-densed area. In terms of tourism, by exploring and integrating the advantages in its national class resorts, the district has developed and constructed some modern recreational, ecological, seaside sight-seeing tourism facility including the Polar Ocean World and Shilaoren Sightseeing Garden, cultivated some well-know festivals including Qingdao Intenational Beer Festival, Laoshan Tea Festival and Laoshan Tourism Culture Festival, which have become a new typical highlight in terms of modern service. The district is now working up into a new CBD in Qingdao by developing modern banking, insurance, securities and trust business, and modern intellectual services of industry information, technology evaluation, property right transfer and consultation as well.

We warmly welcome friends from both home and abroad to invest and start business in Laoshan District.