In its recently published report, China’s Cities, Savills noted that retail sales in Qingdao in 2013 amounted to about CNY300bn and, by that measure, was the 13th largest metropolitan retail market in the country. Disposable income among urban households was approximately CNY35,000 per annum. GDP per capita was CNY90,000. In 2011, there were around 50mn domestic tourism arrivals and about 1mn international tourism arrivals.

Source : Savills/December 2015/Qingdao/RET