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Color the economy ocean blue
April 26, 2011, Tuesday
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QINGDAO plans to be a forerunner in China's ocean economy by 2015, constructing a blue economic zone with more than 300 major projects. A big promotional event and investment conference will be held next month in Hong Kong. Zhang Yi reports.
Qingdao will invest more than 600 billion yuan (US$91 billion) over the next five years to construct the Qingdao Blue Economic Zone, bringing together marine-based industries, science and technology, pharmaceuticals and biological products.
More than 300 major projects will be launched in the zone, according to Ren Zhengang, director of the construction office of Qingdao Blue Economic Zone. The city's blue zone will be a key part of the Shandong Peninsula Blue Economic zone, China's first ocean economic zone.
Ren told a news conference last Friday that the value of the city's marine-based industries reached 155 billion yuan last year, up 19 percent year on year.
The coastal city plans to become a regional development center for marine-based industries, including port logistics, modern fisheries, coastal industries, marine biology, seawater utilization, seashore culture and tourism. Five zones have been set up, including Dongjiakou Port Industrial Zone, Jiaozhou Bay West Coastal Economic Zone and Jiaozhou Bay East Coastal Modern Service Industrial Zone.
To support the construction, China's first "blue economy" investment fund, valued at 10 billion yuan, will be launched. But that is far from enough, and Ren said the city plans to attract more private capital and foreign investment.
Next month in Hong Kong, Qingdao will launch a city promotion, focusing on the blue economic zone. The event is expected to attract more than US$18 billion.
According to Ren, Hong Kong China Merchants Holdings will play a major financing role for the zone in the next five years.
Construction will begin later this year on Metro Line 2, extending almost 30 kilometers, including 27 stops and connecting Shinan, Shibei, Laoshan and Licang districts. It will ease traffic problems and facilitate development of the ocean blue zone.
Qingdao leads the nation in use of seawater. Starting next year, Qingdao residents will be able to use desalinated water from the tap. This will account for as much as 15 percent of total water consumption, and that percentage is expected to reach 25 by the end of 2015.
The continuing construction of Qingdao Port will turn the city into an international shipping center for Northeast Asia. The port is the world's seventh-largest and China's second-largest port in terms of foreign trade. In the first quarter of 2011, cargo throughput rose 13.2 percent year on year.
Shandong Province plans to invest 30 billion yuan in Qingdao Port to double its throughput capacity to 450 million tons by 2015.
A key ongoing project of Qingdao Port is the construction of Dongjiakou Port, with an investment of 40 billion yuan on infrastructure. When completed, it will cover 70 square kilometers along 36.7 kilometers of coastline. It will have 112 berths and throughput capacity is expected to reach 37 million tons per year.
Qingdao is also building itself into an international ocean research center as well as a demonstration area for protecting marine ecology. The Ocean University of China in Qingdao is the nation's best-known university for ocean-related science.
Qingdao will invest more than 600 billion yuan (US$91 billion) over the next five years to construct the Qingdao Blue Economic Zone, bringing together marine-based industries, science and technology, pharmaceuticals and biological products.
More than 300 major projects will be launched in the zone, according to Ren Zhengang, director of the construction office of Qingdao Blue Economic Zone. The city's blue zone will be a key part of the Shandong Peninsula Blue Economic zone, China's first ocean economic zone.
Ren told a news conference last Friday that the value of the city's marine-based industries reached 155 billion yuan last year, up 19 percent year on year.
The coastal city plans to become a regional development center for marine-based industries, including port logistics, modern fisheries, coastal industries, marine biology, seawater utilization, seashore culture and tourism. Five zones have been set up, including Dongjiakou Port Industrial Zone, Jiaozhou Bay West Coastal Economic Zone and Jiaozhou Bay East Coastal Modern Service Industrial Zone.
To support the construction, China's first "blue economy" investment fund, valued at 10 billion yuan, will be launched. But that is far from enough, and Ren said the city plans to attract more private capital and foreign investment.
Next month in Hong Kong, Qingdao will launch a city promotion, focusing on the blue economic zone. The event is expected to attract more than US$18 billion.
According to Ren, Hong Kong China Merchants Holdings will play a major financing role for the zone in the next five years.
Construction will begin later this year on Metro Line 2, extending almost 30 kilometers, including 27 stops and connecting Shinan, Shibei, Laoshan and Licang districts. It will ease traffic problems and facilitate development of the ocean blue zone.
Qingdao leads the nation in use of seawater. Starting next year, Qingdao residents will be able to use desalinated water from the tap. This will account for as much as 15 percent of total water consumption, and that percentage is expected to reach 25 by the end of 2015.
The continuing construction of Qingdao Port will turn the city into an international shipping center for Northeast Asia. The port is the world's seventh-largest and China's second-largest port in terms of foreign trade. In the first quarter of 2011, cargo throughput rose 13.2 percent year on year.
Shandong Province plans to invest 30 billion yuan in Qingdao Port to double its throughput capacity to 450 million tons by 2015.
A key ongoing project of Qingdao Port is the construction of Dongjiakou Port, with an investment of 40 billion yuan on infrastructure. When completed, it will cover 70 square kilometers along 36.7 kilometers of coastline. It will have 112 berths and throughput capacity is expected to reach 37 million tons per year.
Qingdao is also building itself into an international ocean research center as well as a demonstration area for protecting marine ecology. The Ocean University of China in Qingdao is the nation's best-known university for ocean-related science.
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