Qingdao, a coastal city of Shandong province, aims to develop a new economic zone on its west coast.

The West Coast Economic New Zone has been planned and constructed and with sound infrastructure, the latest planning and technology, and considerable financial support from the central government, it is expected to grow into a leading economic hub and to be similar to Shanghai's Pudong New Area.

The zone will have a land area of 2,096 square kilometers, a marine area of 5,000 sq km and a population of 1.39 million.

In 2011, the new zone achieved a GDP of 182.3 billion yuan (US$28.62 billion). Local tax and fee revenue was 10.2 billion yuan, according to data from the local government.