Zhaoyuan Economic and Technological Development Zone | investinchina.chinadaily.com.cn

Zhaoyuan Economic and Technological Development Zone

investinchina.chinadaily.com.cn Updated: 2019-02-20

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Zhaoyuan Economic and Technological Development Zone in Yantai in East China's Shandong province, founded in 1992, was upgraded to a national-level development zone under the approval of the State Council in September 2011. It has an area of 40.28 square kilometers under its jurisdiction.

The zone boasts a good location and convenient transport. It is located at the intersection of the Shandong Peninsula Blue Economic Zone, the Yellow River Delta Efficient Ecological Economic Zone, and the high-end industrial cluster area at Shandong Peninsula.

The Provincial Highway 19, National Highway 010, Weihai-Wuhai Expressway and Dajiawa-Longkou Railway connect the zone with other places around the country. Qingdao, Yantai, and Longkou ports, as well as Qingdao Liuting International Airport and Yantai Penglai International Airport are half an hour to one hour by car from the zone.

Since its establishment, the zone has cultivated five competitive industries in gold, tires and auto parts, machinery manufacturing, new electronic materials, and food.

It has built up China's largest bases for gold deep processing, tire manufacturing, and electronic basic materials. The domestic market share of the zone's gold salt and spun gold products has reached 60 percent. The output and the amount of exports of the zone's tire products is the third-highest in the country.

By August 2018, the zone was hosting 1,849 registered companies, of which 25 were funded by Hong Kong, Macao and Taiwan enterprises and 57 were foreign invested.

In 2015, the zone's GDP reached 52.56 billion yuan ($7.62 billion), rising by 9.1 percent year-on-year. General public budget revenue was 3.39 billion yuan, with a yearly growth rate of 12 percent. Actually utilized foreign capital totaled $128 million, a year-on-year increase of 10 percent.