Economic Development of Weihai Lingang Economic and Technological Development Zone

Weihai is one of the cities with the fastest economic development and the most vitality in China. The average annual GDP growth rate exceeds 15%. The per capita GDP ranks first in Shandong Province. All the county-level cities under its jurisdiction have entered the "China "Top 100 County", known as the most suitable city for investment and entrepreneurship. Weihai Lingang Economic and Technological Development Zone is the most active economic growth pole and the latest urban expansion zone in Weihai. The growth rate of its main economic indicators has always maintained the leading position in the city. It has been rated as "China's Best Comprehensive Strength Development Zone" and "China's Top Ten Most Powerful Development Zones". "Industrial zone with investment value". The development zone has always adhered to the strategy of strong industrial area, industrial driving and service industry support, vigorously promoted investment attraction, project construction and the expansion of key enterprises, continuously increased the intensity of transfer and innovation, and promoted the high-end, efficient and high-quality development of the industry. Since its establishment, the district has introduced more than 120 large-scale projects with investments exceeding 100 million yuan or 10 million US dollars, attracting world-renowned companies such as Garden from the United States, TAG Heuer from Japan, and Lotte from South Korea. At present, there are more than 450 industrial enterprises in the region, and six major advantageous industries have been initially formed: auto parts, new materials and products, high-end equipment manufacturing, food and medicine, cultural and sports supplies, and new information. It has cultivated the largest carbon fiber production in the country. Base - Extension Fiber, the largest all-steel radial tire production base in China - Triangle Industrial Park, the world's largest drill chuck production base - Weida Group, Weihai's largest Japanese-funded project - Heuer Optoelectronics, and the United States Development A large number of high-quality enterprises with high technical content and good growth potential, such as Tai, Haoran Special Plastics, Chenyuan Polymer, and Polycrystalline Tungsten Molybdenum. Adhering to innovation-driven development, it has established more than 70 innovation platforms at or above the municipal level, including Triangular Tire and National Engineering Laboratory for Expanded Fibers, and has established industry-university-research cooperation relationships with more than 30 universities and institutions, including Tsinghua University and Peking University. Focusing on promoting the interactive development of industry and city and multi-dimensional economic growth, we vigorously develop the modern service industry and focus on cultivating three major service industries: the trade circulation industry, relying on Auto Expo City, Home Building Materials City, Hardware and Electrical and Mechanical City, Korea City, Fishing Tackle Expo City, Weihai Specialty City, etc., focusing on cultivating regional specialized markets. The modern logistics industry, relying on Weihai International Logistics Park, vigorously develops port logistics, road logistics and bonded logistics, creates a modern logistics center with sea, land and air linkage and compound development, and strives to build a Korean commodity distribution center in Weihai and even Northeast Asia. The leisure tourism industry will focus on relying on resources such as mountains, rivers, springs and forests, accelerating the construction of the Weihai Leisure Botanical Garden, developing high-efficiency tourism-based agriculture in suburban areas, and promoting the rapid rise of the leisure, rehabilitation, health care and elderly care industries.