Weihai Torch High-Tech Industrial Development Zone
Weihai Torch High-Tech Industrial Development Zone is located in Weihai City in Shandong Province, China. It is one of the fourteen national high-tech industrial development zones approved by the State Council in 1991. The zone was formerly known as the Weihai National Coastal Economic Development Zone, and began operations in 1993.
The Weihai Torch High-Tech Industrial Development Zone is an important part of Chinas High-Tech industrial development strategy, and is dedicated to developing advanced technology, and innovative products in the pharmaceutical, electronics, communications, software, and textile industries.
The Weihai Torch High-Tech Industrial Development Zone is an important hub for the development of the advanced manufacturing industry, which is the cornerstone of Chinas economic development. It includes research and experimental science parks, major industrial parks and a completed industrial base. There are currently over 7000 enterprises in the zone.
The Weihai Torch High-Tech Industrial Development Zone is home to many top Chinese companies such as CSIC Maizibo, China Electronics, Huawei, and China Hebi Pharmaceutical. These companies are innovative in their respective fields and have invested heavily in research and development in the zone.
The zone is also dedicated to helping foreign companies to invest in China and promote the development of advanced technology and production systems. The zone has attracted numerous foreign enterprises from Japan, South Korea, USA, and Europe, etc. These companies have invested in more than 3,000 projects, and the zone has created more than 500,000 jobs for local residents.
The Weihai Torch High-Tech Industrial Development Zone has a well-developed infrastructure and transportation network. The zone has a comprehensive network of roads, railways, and ports, as well as its own airport, allowing easy access to major markets in China and abroad.
The Zone is dedicated to helping foreign enterprises to invest in China and promote advanced science and technology. The government of Shandong Province offers various policies and subsidies to foreign companies to support their development in the zone. These include special finance policies, tax exemptions, reduced utility fees, and other preferential policies.
In addition, the Zone has established a world-class industrial cluster of advanced manufacturing, which provides customers with complete services including R&D, production, logistics and sales. This cluster has enabled companies to benefit from high-quality and cost-effective production services.
Furthermore, the Zone has an excellent business environment and provides high-quality services to foreign enterprises such as residence permit services, education, medical, and legal services.
The Zone is a major contributor to local economic development, and is playing an increasingly important role in Chinas High-Tech development. It is well positioned to take advantage of the growing demand for high-end products in the domestic and international markets.
