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Overview of Weihai
Date of Release:2019-04-01   viewed:479

 

Weihai (VR), located at the easternmost tip of Shandong Peninsula, manifests a vibrant and progressive city with a total area of 5797 km2 and a registered population of 2.82 million, comprising Huancui District, Wendeng District, Rongcheng City and Rushan City, and three state-level development zones including Torch Hi-tech Science Park, Economic and Technological Development Zone and International Port Economic and Technological Development Zone.

 


Why Invest in Weihai ...


Weihai, an open coastal city, glories in an international investment environment that is modern, upfront and business-friendly and unlocks possibilities and opportunities. The local authorities prioritize innovation and development in every economic sector with a skilled labor force, sophisticated consumers, smooth business procedures, openness to international ownership, and a stable investment milieu.


Weihai, with its strategic location, is a favorable gateway to the huge adjacent Asian market, connecting China, South Korea and Japan etc., with considerable attractions as an investment destination:

· A large potential market for consumer goods on account of China's sizable proportion of  population.

· The foreign-investor friendly posture of governmental inclination. The local authorities manifest their commitment all out to create conditions that attract foreign investments. Linked policies and regulations have thus been liberalized to facilitate entry of foreign investments.

· Availability and accessibility of special economic and technological development zones and industrial parks where infrastructure supports are adequately provided and investors are granted fiscal and non-fiscal incentives that are subject to negotiation.


The city's diversity, openness, and synergies generated by the close connection between local authorities, universities, research institutes and enterprises are what truly allow businesses from all countries and industries to find their place in this  – and thrive.