[photopress:industrial_zone_weihai.jpg,full,alignright]Weihai City, which is used to be known as ‘Weihaiwei’, is at the eastern point of the Shandong Peninsula, facing the sea in the three directions.
The Weihai Economic and Technical Development Zone (WETZ), authorized by the State Council, is in the southern suburb of Weihai City covering 72 square kilometers.
The investment for the construction of infrastructure was RMB4 billion. The electricity, water, heat, gas, transportation, communication, sewage treatment and ground are now all available.
WETZ borders on the line of Qingwei and Yanwei Express Way and Taiwei Railway. The international standardized Weihai Airport, which is 25 kilometers away from the WETZ, has newly reopened after reconstruction.
The Weihai harbor, which is only 3 kilometers away from the WETZ, has three international sailing lines to Korea, Hong Kong and Japan. The deep water harbor – the new Weihai Harbor, is equipped with several ten thousand-ton wharves.
There are 1,228 projects by investors from 16 countries such as Japan, Korea, the United States, Hong Kong.
The total investment value is RMB6 billion. The total investment of the 258 joint ventures has reached $590 million The eight mainstay industries include automobile, machinery, electronics, food, light industries, chemicals, building material, textile and pharmaceutical.
Source: China Business World