BIZCHINA / National Technological and Economic Zones
Yantai Economic and Technological Development Zone
Updated: 2006-04-18 17:14
Yantai Economic and Technological Development Zone is one of the earliest
approved state level economic development zones in China. It now has a
developed area of 16 square kilometers and a population of 115,000.
Geographic Location
The Yantai Economic & Technological Development Area (YEDA) lies on the
tip of the Shandong Peninsula facing the Huanghai Sea. Beijing and Dalian
are to its north across the sea, and to its south there are Shanghai and
Qingdao. To the east there are South Korea and Japan. It adjoins to
downtown Yantai, merely 6 kilometers away from Yantai Port, 6 kilometers
away from Yantai Railway Station, and a 30-minute drive to Yantai
International Airport.
Climate
The average annual temperature is 12.5 centigrade, with the lowest record
at -13.1 centigrade and the highest at 38 centigrade. The average annual
rainfall is 737 millimeters. Because of its location, Yantai has rich
tourist resources.
Communication and Transportation
Road
No. 206 State Highway from Beijing to Yantai and the freeway from
Tongjiang, Heilongjiang Province, to Sanya, of Hainan Province, pass
through the Development Area.
Railway
Yantai Railway Station reaches out onto the national railway network
through Jiaozhou-Ji'nan and Lancun-Yantai Railways. And under
construction now are the Dezhou-Yantai Railway along the Bohai Sea coast,
and the Yantai-Dalian ferry railway.
Harbor
Yantai Port is one of the top 10 hub ports of China. There are 15
100,000-ton berths in the port, directly accessing to more than 100 ports
all over the world.
Airport
Yantai International Airport operates 35 international and domestic air
routes with 127 flights per week.
Human Resources
In Yantai there are 7 universities and colleges, and 91 secondary
technical schools.
Industrial Structure
The core industries in YEDA include machinery, equipment, automobiles and
parts, electronics and information, artificial fibers and textiles, food
processing, refined chemicals, and bio-pharmaceutics. YEDA has become
China's biggest manufacture base of vehicle parts and accessories, of
diggers and excavators, of chips and boards, of polyurethane fibers, and
of third-generation mobile telecommunication chips and accessories.
Investment Priorities
Priority will be given to industrial and manufacturing projects and
proposals, to foreign investments, to commodity export efforts, and to
high-tech programs. Highlights shall be passenger cars, machinery,
electronics and information, refined chemicals, medicine and medical
products, bioengineering, textiles and garments, food processing, light
industries, and new building materials.
Meanwhile, foreign investment in tertiary or service sectors will be
encouraged. In short, large projects, transnational partnerships, product
development and manufacturing shall enjoy priority in the zone.
Administration Committee
Tel: 86-535-6396111
Fax: 86-535-6396999
Email: yedaipa@public.ytptt.sd.cn
Website: http://www.yantaiinvest.gov.cn/htm_eng/home.htm
(Source: Ministry of Commerce)
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