The core area of Qingdao Qianwan Free Trade Port Zone, functioning as the brain of the zone, is of great significance to Qingdao.

Against the background of structural adjustment and supply-side reform, transformation and upgrading is the only way for the core area. Therefore, a campaign has been launched in a bid to promote the work to a new high level.

Qingdao Free Trade Port Zone was approved with a planning area of 2.5 square kilometers by the State Council in November 1992, Chu Lianyu, director of the transformation and upgrading office, told the reporter. In 2008, Qingdao Qianwan Free Trade Port Zone was approved with a planning area of 9.72 square kilometers, making it the first comprehensive zone in China consisting of a free trade zone, a logistic park and a port.

The core area, as the first place developed in Qianwan Free Trade Port Zone, was mainly engaged in logistics, storage, production and processing, in particular the storage, loading and unloading, simple processing and distribution of rubber, cotton, petroleum coke and polyethylene.

The campaign began in 2015 when the program of transformation and upgrading came into effect.

The transformation and upgrading of the core area includes the grading of space and the transformation of industries. A series of support policies has been issued to motivate enterprises to participate in the campaign.

In accordance with the program, by 2020, the regional GDP of Qingdao Qianwan Free Trade Port Zone will exceed 30 billion yuan, the added value of the service industry will surpass 24 billion yuan and the general public financial budget income reach 3 billion yuan, realizing 7 billion yuan of social retail sales of consumer goods. From 2015 to 2020, the accumulative total investment in fixed assets amounts to over 7 billion yuan.