ingdao’s Marttime Boom The flourishing port and manufacturing hub is shrugging off the financial crisis E QINGDAO PORT by TOM SPENDER ingdao found fame in 2008 as the Jolympic sailing venue — but these days attention is focused on the vastly bigger vessels docking at the city’s tigantic port as the world struggles out of Located in Shandong Province. Qingdao is both an economic and agricultural powerhouse. The province is the second largest contributor to China’ 5 GDP after Guangdong, with revenues of RMB 3.1 trillion (USD 455 billion) in 2008, according to the Shandong government, and much of centered on its proximity to the sea, with Qingdao one ofthe key gateways, Qingdao, a picturesque city of about three million residents, is relatively small by Chinese standards. Its modern port, located across Jiaozhou Bay in Huangéao, is the Sith largest port in China, boasting a throughput of containers that is among the world’s top 10 for both volume and weight. The port, Qingdao Qianw: im Pr ea) Se ideal 4 wealth is presents the ign capital in Shandong. more than four times as large as Qingdao Puxiang Stainless Steel (i Z SMSCREEIM), which attracted USD 181 million from South Korea, and Qingdao biggest im erations aes Joey 2010 ST