Qingdao FTZ, a cradle for new consumption-led development

Cross-border E-commerce Center in Qingdao FTZ. [Photo provided to chinadaily.com.cn]

A modern service industry innovation demonstration zone led by cross-border e-commerce, service and commerce trade, international cooperation hub and cultural creativity sectors is on rise in the China (Shandong) Pilot Free Trade Zone Qingdao Area.

Qingdao FTZ has achieved remarkable results as follows:

● Construction of Sino-Japan (Qingdao) Subnational Development and Cooperation Demonstration Zone;

● Construction of the first China-Japan-South Korea consumer zone in China, creating a cross-border e-commerce center, a Japanese-Korean service trade port and a Japanese-Korean trade city;

● Settlement of the only domestic office of German E-commerce Association;

● Settlement of dozens of leading e-commerce platforms such as Wonder, Astro Boy, Tmall, JD, and Vipshop.