Innovative strength of Yantai's tech zone growing
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E-mail China.org.cn, June 12, 2012
The Yantai High-Tech Industrial Zone in Shandong province won the honor of Innovation Pioneer Zone in China at the 15th China International High-Tech Expo held in Beijing last month.
Established in 1990, the zone was upgraded to national high-tech industrial zone by the State Council in 2010, and has developed into one of China's top bases for emerging industries and marine economy.
The zone's industrial clusters are focused on such sectors as bio-pharmaceuticals, new materials, electronic information, modern logistics and modern manufacturing.
During the past three years, the zone has spent two billion yuan (US$314 million) to construct additional service facilities, such as an international convention and exhibition center, a professional business community, and environmentally friendly residential areas.
Located on the east of the Shandong Peninsula and neighboring Bohai Bay and the Yellow Sea, the zone sees Japan and Korea across the sea.
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