Located at the core area of Northeast Asian Economic Rim, Weihai is one of the best cities in terms of economic development and dynamic. At present, Weihai has established friendly relationship with 48 cities in 23 countries, economic and trade cooperation with 189 countries and regions all over the world. Weihai now has 4 national level development zones, 5 provincial level economic development zones, 4 provincial level tourist holiday resorts and numerous special professional parks, which can undertake industrial transfer of different kinds and levels. There are over 2000 large-scale foreign invested enterprises and the annual import & export trade value reaches USD 17 billion. Weihai is in the leading list of Shandong Province in terms of economic openness. Many top 500 companies and famous multinational companies have invested in Weihai, including Hyundai Heavy Industry Co, Lotte Group, Samsung Electronics, Samsung Heavy Industry, SK Group, Kumho Asiana, from South Korea; Mitsubishi Business, Mitsubishi Electric, Table Mark Co, Itochu Business, Aeon from Japan; Morgan Stanley, Medtronic, Cooper and Jardon from USA; Bekaert and Beaulieu from Belgium; Esab from Netherland; ArcelorMittal from Luxemburg; Air Liquide and Auchan Group from France; Orica from Australia; China Resources (Holdings) Co., Ltd., Shenhua Group and Weiqiao Pioneering from Hong Kong.