Major Economic Development Zones

Date: 2016-01-15, Source: , Total Visits :

Weifang High-Tech Industry Development Zone

Weifang High-Tech Industry Development Zone is a state-level high-tech development zone approved by the State Council in 1992. It is located in the center of Weifang City, covering an area of 129 square kilometers with a population of 250,000.

After almost twenty years’ development, the development zone has developed four high-tech industrial clusters, including IT, modern equipment manufacturing, bio-medicine and new materials. It has become an important platform for the city to carry out international science and technologic exchanges as well economic cooperation, and was listed by the Ministry of Science and Technology as one of the top five most innovative high-tech development zones in China.

In recent years, by focusing on the development of three emerging industries, including electronic acoustic components, semi-conductor lighting, and software and information service, the development zone has successfully established a variety of province-level industrial parks or industrial bases, such as Electronic Acoustic Component Park, Optoelectronic Park, Software Park, Bio-Medicine Park, Information Service Base and Information Service Concentration Area.

Weifang Binhai Economic and Technological Development Zone

The development zone was established in August 1995, and was approved by the State Council as a state-level economic and technological development zone in April 2010. Covering an area of 677 square kilometers with a population of 100,000, it is located in the central area in the northern coastal region of Weifang, and has been designated as National Innovation Base for Revitalizing Trade with Science and Technology, National Model Zone for the Development of Marine Economy with Science and Technology, National Biological Industry Demonstration Park and Shandong Scientific Development Park and Recycling Economy Demonstration Park.

In recent years, by seizing the historical opportunities brought about by the development of Rim-Bohai area, Yellow River Delta as well as Shandong Peninsula Blue Economic Area, the development zone has been making great efforts to foster six major high-efficiency biological industrial clusters, including equipment manufacturing, petrochemical industry, portside logistics, new energy and high-end service industry. A number of Fortune 500 and world famous companies have made investment in the development zone, including CNOOC, Sime Darby, Weichai Power, China Huaneng and Israel Chemical.

Weifang Comprehensive Bonded Area

Weifang Comprehensive Bonded Area was established on Jan. 25, 2011 on the approval of the State Council and became the 14th comprehensive bonded area in China. It covers an area of 18.43 square kilometers, including 5.17 square kilometers of land inside the separation net, which will be used for the development of bonded logistics and processing industries, and 7.2 square kilometers of land outside the net, which will be used to set up various industrial parks for supporting projects highly related to the bonded business inside the separation net.

The establishment of Weifang Comprehensive Bonded Area has built up a remarkable international platform for the opening up of Weifang and Shandong, and will be a strong booster for the development of Shandong Peninsula Blue Economic Area, Yellow River Delta High-Efficiency Bio-Economic Area and the Rim-Bohai Economic Circle. It has not only improved the urban economic services in Weifang, but also consolidated or extended the functions of neighboring airports and seaports in Qingdao, Yantai, Rizhao, Weihai and Weifang, providing bonded services for the development of the hinterland in western Shandong Province, and playing an important role in linking the coastal and western hinterland economically in Shandong Province.

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