Yantai Economic and Technological Development Area

Situated on the beautiful shore of Yellow Sea, Yantai Economic and Technological Development Area in Shandong province is one of the first 14 State-level development zones approved by the State Council in 1984. With a permanent resident population of 500,000 and a planing area of 220 square kilometers, the zone has been positioned as a leader for the opening-up and economic development of the region, a base of high and new technology industry, as well as a new urban district with high standards.  

Having attracted 80 projects from Fortune Global 500 companies since its founding, the zone has received a total fixed asset investment of 482.19 billion yuan ($69.92 billion) and contractual foreign investment of $11.92 billion.

After years of development, the two leading industries of the zone, electronic information and machine manufacturing, have grown rapidly. The zone has also attached great importance to the development of its competitive industries: chemical new materials and biological medicine, and strived to develop its potential industries, including big data, smart manufacturing, as well as energy conservation and environmental protection. The zone has additionally committed itself to accelerating the development of modern service industries. high-end exhibitions and cultural tourism.

In 2017, the regional GDP increased by 7.5 percent, fixed-asset investment rose by 9.2 percent, and the total retail sales of consumer goods grew by 10.6 percent. 

Official Website: 

http://www.yeda.gov.cn/col/col14746/index.html