Complete logistics infrastructure and convenient transportation
The busiest seaborne route, the shortest transportation time, the lowest transportation cost from China to South Korea.
Flights to Incheon, Daegu and Cheongju of South Korea. Direct flights to China Taiwan and other 24 major mainland cities, 42 flights per week.
Connected to the high-speed train network, formed a "one-hour economic cycle" with Qingdao and Yantai. Will be forming a "two-hour economic cycle" with Jinan and "3.5-hour economic cycle"with Beijing.
Many innovation platforms and rich human resources
The Torch High-tech Industrial Park was listed as National Independent Demonstration Zone of Shandong Peninsula. The output value of high-tech industry reached 60.89%. The National (Weihai) Regional Innovation Center is being built in the “1+4+N” mode to build new heights for innovative development.
Sound industrial foundation and developed marine industry
More than 20,000 industrial enterprises of various type, including 18 public companies and 8 national-level manufacturing individual champion companies. The important national production base for fishing gear, tire, carpet, medical polymer products, printer and new materials etc. Rich in marine resources, such as prawn, sea cucumber, abalone, shellfish, algae and various kinds of economic fish altogether more than 300 marine products. The largest fishing port in north China, the only national Marine fishery base and the national seafood quality control center.
International oriented vision and international standard
Weihai is one of the first cities open to the world and is implementing the city internationalization strategy to build a fine city. Hasfriendly city relations with 19 foreign cities and conducted economic and trade cooperation with over 200 countries and regions. The degree of economic openness is among the top list of Shandong province. 1,441 foreign companies including HP from US, South Korea’s Hyundai, Japan's Softbank, Belgium's Bekaert and France's Air Liquide have invested in Weihai.
Weihai is the only Demonstration Area forEconomic Cooperation
in China under China-Korea FTA.
In 2015, Weihai and Incheon free economic zone have been designated as Demonstration Area for Local Economic Cooperation under CKFTA. Weihai is actively carrying out triangular cooperation focusing on customs port information exchange, mutual recognition of supervision and mutual assistance in law enforcement, promote logistics integration among"four ports linkage" Weihai port, Weihai airport, Incheon port and Incheon airport, carry out deep cooperation in five aspects, including policy communication, facility connection,trade flow, finance connection and people interaction.
Pilot city of the National Service Trade Innovation and Development.
Weihai was listed as the pilot city of the National Service Trade Innovation and Development in Feb. 2016 Weihai is making every effort to build a model city for service trade innovation cooperation, a model city for China-South Korea service trade industry integration, and a city for national service trade innovation in new forms and new models Weihai took the lead in building the country's first service trade entity industrial park. Japan's softbank, Korea's Papam, China’s Alibaba, Inspur and other domestic and foreign high-innovation enterprises have started operation inside and it became the modern service industry cluster demonstration zone in Shandong province.
The national-level Cross-border E-commerce Comprehensive Pilot Areas
with obvious advantages to trade with South Korea.
Weihai was approved as one of the first China (Weihai) Cross-border E-commerce Comprehensive Pilot Areas in July, 2017 Weihai Integrated Free Trade Zone was approved. Bonded goods preparation and import business started in January 2019。 Weihai eligible enterprises for cross-border e-commerce retail export will try out VAT and consumption tax exemption policies The export volume of cross-border e-commerce to South Korea ranks first in Shandong Province and accounts for half of the whole country.
Weihai is an important hub city connecting East-West as
an international rail-sea logistics transport channel .
Weihai has successively operated cross-border trains to Europe as well as Central Asia, such as to Germany (Hamburg, Duisburg) and Uzbekistan (Tashkent). Weihai is speeding up the construction of international logistics multimodal transport center and supporting industrial park, goods in weihai by trains will be delivered directly to Germany Hamburg and Duisburg and Uzbekistan Tashkent.