17 Jan 2017
Rizhao (Shandong) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||5,310|
|GDP (RMB billion)||167.1|
|GDP Per Capita (RMB)||58,110|
|Retail Sales of Consumer Goods (RMB billion)||60.4|
|Utilised FDI (USD million)||578|
|Exports (USD billion)||4.1|
|Imports (USD billion)||11.1|
Source: Shandong Statistical Yearbook 2016
Rizhao is seated in the southeastern part of the Shandong Province. Rizhao Port is one of China's largest liquid petrochemical ports.
Rizhao has a convenient transportation network. A number of highways and railways go through the city, linking the city with Beijing, Zhengzhou and Jinan.
The city is rich in mineral resources such as gold, silver, copper, asbestos and granite.
Major industries in Rizhao include metallurgy, equipment manufacturing, agricultural and aquatic products processing, petrochemicals and chemicals and textiles. Major products are automobiles and auto parts. The overall industry sector accounted for 43% of the GDP in 2015.
Jinghua Rizhao Steel Group and Wuzheng Group are the two major local industrial enterprises in Rizhao. Rizhao has also attracted foreign investors to set up their production base in the city. Bunge Group, a leading manufacturer in agricultural products and food processing, and Evonik Degussa, a top chemical producer, have already invested in projects in the city.
Major Industrial Park / Development Zone
Rizhao Economic Technological Development Area (state-level)
Target industries: Auto parts, equipment manufacturing, packaging industries