Shandong is now investing in Jiaodong Peninsula, where the province hopes to form a competitive modern industrial system.

"The Jiaodong Peninsula is set to become one of China's pivotal development areas for high-end industries," Jiang Daming, governor of Shandong province, told China Daily.

High tech, modern equipment manufacturing, modern agriculture and modern services - including trade, finance, tourism, logistics and transportation and research and development (R&D) - are among the planned high-end industries.

In June 2009, the Shandong provincial government issued a general development plan. City governments in the peninsula later called for establishment of high-end industries within five to 10 years.