Xiangshan Economic Development Zone [nbxsjkq.zjzwfw.gov.cn]
Xiangshan Economic Development Zone（象山经济开发区） was established in 1992 and approved as a provincial development area in 1994. It has a planning area of 118 square kilometers. At present, 723 enterprises have settled here. In 2015, enterprises with an annual industrial output value above 20 million yuan ($3.06 million) realized industrial output of 17.7 billion yuan. An industrial structure led by energy equipment, biotechnology, new materials, knitting garments and auto parts has been formed.
With a cumulative investment of 5.86 billion yuan, Xiangshan Economic Development Zone has constructed a core area and three radiation areas. The core area includes Lingang Equipment Industrial Zone, Chengdong Industrial Zone, Industrial Demonstration Zone, South Hi-tech enterprise Zone, Seashore Industrial Zone and Renyitu area.
Lingang Equipment Industrial Zone
Lingang Equipment Industrial Zone on the south bank of Xiangshan Harbor, covers a planned area of 100 sq km, and has resources that include a port, coastline and a batholith, which are necessary to develop an energy equipment industry. The zone mainly develops industries such as petrochemicals, electric power equipment manufacturing, new energy equipment, energy-saving equipment and energy equipment related to logistics. The zone has attracted well-known energy equipment companies such as Sinopec Group, Riyue Heavy Industry Corporation Ltd and Ningbo Xinle Shipbuilding Group Co Ltd.