Yantai Hi-tech Industrial Development Zone

Yantai Hi-tech Zone [Photo/gxq.yantai.gov.cn]

Yantai Hi-tech Industrial Development Zone in East China's Shandong province was founded in 1990 under the approval of the State Council as a national-level hi-tech zone, and is the first Sino-Russian high-tech industrialization cooperation demonstration base in the country. It is composed of "one area and four parks": the core area, the Laishan APEC Industrial Park, the Fushan Industrial Park, the Zhifu APEC Park, and the Wolong Economic Park.

Next to the city's administrative center, the zone has very convenient transport. It is only 15 kilometers from Yantai Railway Station and Yantai Port, and 6 km from Yantai Penglai International Airport, which allows the zone to have direct trade with most domestic cities and more than 100 nations.

The zone was built along the coast of Yantai city. With a planning green area of more than 35 percent, it has a beautiful natural environment.

There are eight colleges and universities in and around the zone, including Yantai University, Shandong Technology and Business University, and Yantai Campus of China Agricultural University. It also houses 17 scientific research institutions at provincial level or above in the zone, such as Yantai Institute of Coastal Zone Research of Chinese Academy of Sciences, and the Advanced Manufacture Technology Center of China Academy of Machinery Science and Technology.  

The zone has been striving in recent years to develop sectors in medical health, digital economy, aerospace, intelligent manufacturing, energy conservation and environmental protection, new materials, high-end services, and marine industries. It is expected that the industrial scale of each of those industries will reach 10 billion yuan ($1.45 billion) by 2020.

In 2017, the zone's GDP reached 2.47 billion yuan, a year-on-year increase of 11.8 percent. The prime operating revenue of the industrial enterprises above designated size totaled 3.81 billion yuan, increasing by 10.3 percent over 2016.

Fixed-asset investment in 2017 was 5.8 billion yuan, a yearly growth rate of 13.2 percent. The total retail sales of consumer goods reached 570 million yuan, 10.2 percent higher compared to that of the previous year.

The total export-import volume in 2017 was 1.67 billion yuan, a year-on-year increase of 14.7 percent, while the actually received foreign capital reached 430 million yuan, with a growth rate of 7.3 percent.