Yantai's economic area becoming investment hot spot
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E-mail China.org.cn, June 15, 2012
The Yantai High-Tech Industrial Zone, a national-level economic base, is now a hot investment destination in Yantai city, a coastal city of Shandong province.
Established in 1990, the zone was upgraded to national high-tech industrial zone by the State Council in 2010, and is now one of the 10 Chinese zones open to Asia-Pacific Economic Cooperation.
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, making it a regional transportation hub.
With a pleasant climate, it has first-class air quality based on national assessments.
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.
In the aspect of services, investors here can enjoy "one-stop" service covering registration, application, approval and construction.
The zone's industrial clusters are focused on such sectors as bio-pharmaceuticals, new materials, electronic information, modern logistics and modern manufacturing.
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| With a pleasant climate, the zone's rate of green coverage is 35 percent and it has first-class air quality based on national assessments. [ytgxq.gov.cn] |
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