Yangquan Economic and Technological Development Area [Photo/kfq.yq.gov.cn]
Established in 1993, the Yangquan Economic and Technological Development Area (阳泉经济技术开发区) was recognized by the Shanxi Provincial Government as a provincial development area in 1996.
In the northeast of Yangquan city, Yangquan Economic and Technological Development Area has been enlarged from 10.56 square kilometers to 80 sq km, covering six local villages and three industrial parks. It has been recognized as Shanxi Industrial Transfer Demonstration Area, Shanxi Demonstration Area for Coal Machinery Manufacturing, Shanxi Overseas Professional Innovation and Entrepreneurship Base.
In 2017, the regional GDP of the Yangquan Economic and Technological Development Area reached 1.77 billion yuan ($256.33 million), representing a year-on-year growth of 7.5 percent.
It encompasses 31 projects with investments totaling 5.57 billion yuan. Projects featuring IT, modern equipment manufacturing, new material industries such as Baidu innovation center, Huiquan Big Data Co and Shanxi headquarters of China Supply and Marketing Petroleum Co have been introduced to the development area.
In addition, the development area has been promoting technological innovation, with R & D investment in 2017 increasing 18.57 percent from previous year. There were 34 patents applied for in the area in 2017, up 41.67 percent year on year.
Official website: http://kfq.yq.gov.cn/
Address: No 173 Dalian Street, Yangquan Economic and Technological Development Area, Yangquan, Shanxi province
Copyright©2020 China Daily. All rights reserved.