Qingdao's current situation is that it has become self-satisfied, and its future prospects are estimated to be what they are now.

After 2000, Qingdao no longer had any decent brands, and industry and light industry declined after 2000. Leading companies such as Haier and Hisense also devoted themselves to real estate, and the competitiveness of their main business gradually declined. Now, Haier's main white goods have been completely overtaken by Gree. This is not only the responsibility of Haier's management. Being locally oriented makes companies profitable. But it is a government-oriented short-term benefit. The high-end service sector has also missed the opportunity to grow. Among peer cities, the financial industry, information services, culture and entertainment generally lag behind. At the end of 2015, Bank of Qingdao went public in Hong Kong. On the day of the IPO, it fell below the issue price. Six months later, it remains in ? interrupted? status. On the surface, investors seem to have low expectations for the business, but doesn't this epitomize Qingdao's financial sector?

Even in the tourism industry, Qingdao lags behind tourist cities such as Xiamen, but housing prices have moved into the top spots. So far, Qingdao's development for state-owned enterprises is still a major player, and the development of the private economy is limited. The prices of various factors of production, the cost of land and housing, and the cost of financing are still very high. Fear of investors. Of course, Qingdao's development also has external factors, geographic location, national policies and so on. Everyone can see can find academic analysis, so I will not go into details. Now, the development of eastern Qingdao is maturing and there is not much room for growth, so we can only continue to optimize on this basis. Qingdao's development also depends on expanding the urban framework. With its natural geographical advantages, Qingdao's future development strategy can focus on the development of the west and north, with the idea of expanding the urban framework around Jiaozhou Bay.

To the west are the cities of Huangdao District and Jiaonan, and to the north is the city of Jimo Chengyang District. In earlier heated debates, it was after the Qingdao West Coast New Area was officially approved, whether to develop the high-tech zone (Chengyang Hongdao Island) or the west coast (Huangdao Jiaonan section), whose direction is gradually becoming clearer because of limited resources. All understood. Since then, Qingdao has begun to boldly layout, has been shelved for many years of the subway project also began to invest in the construction. Qingdao City plans to build a subway in the ? 13th Five-Year Plan? period to invest $340 billion in the construction of six subways. On the east coast, China Resources Group and China Merchants Group have invested 100 billion RMB to build the home port of Qingdao Cruise. Both China Resources and Shimao have invested. On the west coast, Wanda Group has invested US$50 billion in Oriental Studios and China Railway Real Estate has invested US$50 billion in China Railway Expo City. With the introduction of investments, Qingdao has gradually come up with plans for new districts. Today, Qingdao has resurfaced as it was in the 1990s, with its abundant resources and favorable location, and lagging behind many of its peer cities. Qingdao people have fallen into the syndrome of self-appreciation, self-satisfaction, sitting in a well and looking at the sky.