Once a sleepy mudflat in the suburbs of the coastal city of Qingdao, Jiaozhou has grown into one of China's most outstanding economic development zones. [dzwww.com]

A cold-chain high-tech industrial park will be set up in Jiaozhou, Qingdao, a coastal city of Shandong province.

With a total investment of US$800 million, the park contains five integrated sections, including an industrial management headquarters, a research academy, a refrigerated container factory, and equipment-manufacturing centers.

When complete, the park's total value of output is estimated to reach 15 billion yuan (US$2.4 billion).