Local leaders of Qingdao aim to transform the coastal city in Shandong province into China's answer to Hollywood.

To this end, the world's biggest movie studio project was launched in the city on Sept 22.

With an investment from property and entertainment conglomerate Wanda Group of 30 billion yuan (almost $5 billion), the Qingdao Oriental Movie Metropolis will be a mega-industrial park that performs multiple functions.