Qingdao Wanxing International Hardware City, a large-scale professional hardware and electrical machinery market, is set to fill the gap in Qingdao's hardware industry. The project is being developed in three phases, with the first phase already open, the second expected to be completed this year, and the third starting next year. Once fully operational by 2015, the entire complex will house over 2,000 merchants, making it the largest and most comprehensive hardware market on the Jiaodong Peninsula.
Located in the northern part of Chengyang District and west of Heilongjiang North Road, the project spans 580 mu (about 387,000 square meters) with a total investment exceeding one billion yuan. The site was carefully chosen due to its strategic location near Qingdao’s high-tech zone, Chengyang EMU town, and advanced manufacturing companies, making it an ideal hub for industrial and architectural hardware.
According to the project manager, Qingdao has long been a major hardware manufacturing base, yet lacked a professional trading market. Unlike small, scattered street markets such as those around Sifang Bus Station, the new city aims to provide a centralized, well-planned space that supports both local and national businesses. The market offers unified management, investment promotion, and financial support, connecting directly with banks to offer credit to merchants, reducing risks for both parties.
The first phase, launched in 2010 and opened in March 2011, covers 150 mu with 50,000 square meters of construction. It already houses over 500 dealers and 200 merchants, with an investment rate of 90%. The range of products includes hardware tools, electromechanical equipment, cables, electric tools, abrasives, bearings, plumbing valves, and more. With annual sales reaching about 1 billion yuan and profits of 150 million yuan, the market serves a radius of 300 kilometers, attracting businesses from across China.
Currently, the second phase is under active construction, located south of the first phase. The main structure is nearly complete, with slabs being poured and steel bars tied. This phase covers 220 mu, with 170,000 square meters of building area, featuring over 900 shops. Expected to finish by the end of 2014, it will boost annual turnover to 2 billion yuan and create 2,500 jobs.
In 2015, the third phase will begin, adding auto parts and expanding into e-commerce. This phase, covering 120 mu, will include 300 shops, residential buildings, hotels, offices, and online trading platforms. When completed, the market will become a full-service hub, integrating wholesale, retail, logistics, and e-commerce, and accommodating up to 2,000 merchants. It promises to become a landmark in the region, driving economic growth and innovation in the hardware sector.
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