The Zhaoyuan Economic and Technological Development Zone was approved by the Shandong government in 1992 and officially founded in August 1993. It has Wenquan and Daqinjia sub-district offices, 73 administrative villages and six neighborhood committees. The zone is home to 150,000 people and covers an area of 109.48 square kilometers.
The zone has acted as a new urban economic and opening district since its establishment, and has focused on investment promotion and capital introduction, pillar industry development and social prosperity. It has been named one of the top 10 provincial development zones in Shandong for six years since 2005. The State Council officially named it a national economic and technological development zone on Sept 25, 2011, which enabled the zone to enjoy certain favorable national policies. The zone was named one of the top 100 development zones in the Bohai Sea area in terms of investment environment, science and technology innovation, and circulation economy competitiveness. It has also become an advanced park open to the outside world, a provincial scientific development demonstration park, and a new district most suitable for living.
The Zhaoyuan Economic and Technological Development Zone has focused on distinctive industries and developed competitive pillar industries, such as gold, car tires and parts, new electronic materials and food. It has introduced top Chinese and foreign enterprises, such as Germany-based Heraeus, ROK-based Chasys, Dongbei Special Steel and Lenovo. The zone has carried out 526 projects that cover meridian tire, gold and silver refining, electronic materials, copper, sedan engines and leather, as well as 96 foreign-invested projects. The zone has claimed 60 percent of gold salt and spun gold markets in China and its tire manufacturing output and exports are one of the top three nationwide. It has China’s biggest gold deep-processing, tire manufacturing and electronic information facilities, as well as the biggest gold jewelry and leather markets in North China.
Zhaoyuan has actively conducted exchanges with foreign countries in recent years. It established comprehensive business and electronic commerce centers for Hong Kong, Taiwan, Japan, South Korea, Europe and the United States, and started investment promotion activities with State-owned enterprises, and top Chinese and foreign businesses. The zone reserved 45 projects in 2014, consisting of 32 domestic investment projects involving 10 billion yuan in agreed investment and 13 foreign investment projects involving $200 million. The 2-billion-yuan Huaxi-Auchan plaza and a 1.5-billion-yuan industrial park projects have settled in the zone.
The zone aimed to build an urbanized park-styled industrial facility and insisted on market-oriented operations and diversified investment. It invested more than 3 billion yuan on infrastructure construction and developed six vertical and nine horizontal trunk roads that run 80 kilometers. At the same time, the zone built an ecological park and vigorously developed low-carbon, circular and green economies. It successfully passed the ISO9001 international quality management system and ISO14001 international environmental management system certifications. Its jewelry city and phoenix valley park have been named national AAA scenic spots.