The Qingdao municipal government plans to build six marine zones, promote four local industries, and initiate 140 projects this year, according to a press conference of the municipal government held on March 27.

The six marine zones are the Haixiwan Shipping and Oceaneering Zone, Laoshan Marine Biology Zone, Huangdao Marine Organism Zone, Jiaobei Modern Marine Equipment Manufacturing Zone, Qianwan International Logistics Zone, and Shinan Coastal Tourism Zone.

The city will further develop four marine economic sectors: the marine equipment manufacturing industry, the marine biology industry, the marine new materials industry, and the modern fishing industry.

This year, the city will develop 140 projects budgeted at 160 billion yuan (US$25.8 billion). It also hopes to have at least 90 percent of the projects operational this year, working to achieve actual utilization of investment of 300 billion yuan.