Shinan district, covering an area of 30.01 square kilometers and located in the south of urban Qingdao, is the central urban area of the city. In 2018, its GDP reached 120.34 billion yuan, with a year-on-year increase of 7.3 percent.
It has been the center for Qingdao's political, business and finance activities, and is home to investment from an increasing number of Fortune 500 companies.
The Qingdao International Technology Exchange Market has been quickly improving since its establishment.
Shinan district has sped up moves to form a modern marine industrial system by developing marine science and technology, shipping logistics and coastal tourism industries.
Qingdao Software Park has been identified as a national torch plan software industry base, a national technology business incubator and a national software and information service industry demonstration base.
Lushang Blue Shore Residence was designed to attract headquarters for enterprises offering high-end services, such as finance and trade.