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Why are Qingdao people's wages so low and prices so high?
Qingdao is located in the east of China, southeast of Shandong Peninsula, and east of the Yellow Sea. It is the economic center of Shandong Province, an important pioneer area for the development of modern marine industry in the country, an international shipping hub in Northeast Asia, a maritime sports base, a major node city of the Belt and Road New Eurasian Continental Bridge Economic Corridor and a strategic fulcrum for maritime cooperation.
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