19 Jan 2017
Weihai (Shandong) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||5,436|
|GDP (RMB billion)||300.2|
|GDP Per Capita (RMB)||106,922|
|Retail Sales of Consumer Goods (RMB billion)||131.2|
|Utilised FDI (USD billion)||1.12|
|Exports (USD billion)||12.62|
|Imports (USD billion)||4.32|
Source: Shandong Statistical Yearbook 2016
Weihai is located at the eastern tip of the Shandong Peninsula. Weihai is connected by highways and railways to Shandong Province's major cities, such as Qingdao and Jinan.
The industry sector is the economic driver to the city, contributing 43% to the GDP in 2015. Its pillar industries are textiles, light industry, machinery, electronics and petrochemicals.
Weihai is a major city for tourism in China. Famous tourist attractions include Liugong Island, Chengshantou, Weihai International Bathing Beach and Swan Lake.
Major Industrial Parks / Development Zones
1. Weihai Economic and Technological Development Zone (including Weihai Export Processing Zone) (state-level)
Target industries: Automobiles, machinery, electronics, chemicals, pharmaceuticals, textiles, food processing, building materials
2. Weihai Torch Hi-tech Science Park
Target industries: Electronics and information technology, new materials, bio-pharmaceuticals
Major investors: Samsung Digital, Tuozhan Fiber Corp, Weigao Group and Huadong CNC
3. Weihai International Port Economic and Technological Development District (state-level) (威海臨港經濟技術開發區)
Target industries: Auto parts, new materials, equipment manufacturing, medicine, electric information, tourism
Major investors: Jarden, Hoya, Peacock, Hoian, Lotte, Wego, Hatch, Koloo, Clover