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  • Yantai APEC High-Tech Park Opens in Shandong, China
  • October 15, 1998 (YANTAI, China) -- The Yantai Asia-Pacific Economic Cooperation (APEC) High-Tech Industrial Park recently started operations in China's Shandong Province.
    The new facility was established in the Yantai High-Tech Industrial Development Zone founded in 1992 by the city government. It will enjoy strong government backing and various preferential policies granted to state-level, high-tech development zones.

    The development zone has attracted about 200 enterprises in recent years, including some 80 foreign-funded ventures. Related enterprises have pumped RMB1.5 billion (US$178 million) into fixed asset investments between 1995-1997. Fifty-five high-tech companies have produced products valued at RMB1.85 billion.

    The high-tech industrial park is the fifth of its kind APEC members have opened in China, following Beijing, Xian, Hefei and Suzhou.

    (Xinhua News Agency)


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    Updated: Wed Oct 14 17:36:31 1998 PDT