Qingdao Qingteng International trading Co., Ltd. is a professional group enterprise engaged in both importing and exporting. It is approved by Qingdao Foreign Trade and Economic Cooperation Bureau as a comprehensive foreign trade company, and approved by Qingdao Industry and Commerce Administration Bureau. The enterprise is a Joint- stock legal entity that makes its own decisions regarding operations, be independent in finance, and assumes sole responsibility for the profits or losses. There are four subsidiaries in Qingdao.