Rizhao City

V. Opening up
1. Foreign Trade
Trade is increasing dramatically with commodities over 100 species and more than 20 categories such as grain and oil, aquatic products, textile, handicraft, chemical products, building materials. Rizhao has trades with over 60 countries and regions in the world such as the US, Japan, Korea, Germany and Hong Kong.

2. Foreign Investment
With the betterment of its investment environment, Rizhao speeds up its step in utilizing foreign capital. Some international syndicates and corporations come to invest and establish enterprises in Rizhao, such as Daewoo Cement Grinding Mills with exclusive Korean capital, Lanshan Caltex Pitch Co., Ltd. and Lanshan Genetime LPG Co., Ltd. invested by the US, Rizhao Power Co., Ltd. joint-invested by Germany and Israel, Yungri Coalslurry Co., Ltd. invested by Japan and The Yellow Sea Grain and Oil Industry Co., Ltd. (Shandong) invested by Jiayin Group, Hong Kong. The foreign invested trades touch the national economy fields such as machine building, chemical, electronics, food, building material, light industry, real estate, breeding and tourism. Rizhao City has become one of the hot areas attracting foreign investment in Shandong.

3. International Cooperation
Rizhao City enjoys the right granted by the state to sign contract projects and labor service cooperation with foreign countries. The cooperation fields extend to over a dozen trades such as machine building, minerals, building, textile, building materials, farming, aquatic processing and medical and health work. A large number of talents with specified skills have been brought up in these trades. Rizhao abounds in labor resources and has a great potential to join the international economic and technological cooperation.

4. Foreign Relations
Driven be export-oriented economy, Rizhao is building more intensive relations with the outside world. There is an increasing rise in the number and foreign guests. More and more people travel abroad to over 50 countries and regions in the world. Most of them are for international economic cooperation investigation, trade and business talks, commodities exhibition and marketing, studying specified skills, labor service and technologies cooperation, and friendly communication activities in various fields.

Also, the municipal government places great emphasis on the international and regional friendships. The government tries to enhance mutual communication with foreign cities, strengthen international inter-governments cooperation, and push forward the friendly cooperation and communication between the local enterprises.

VI. Economic Zones
1. Two Zones and Two Zones
A. Rizhao Economic Development Zone
Rizhao Economic Development Zone (REDZ) is a province-level development zone approved by Shandong Province. REDZ is located in the east of the city, facing the sea with a fan sector. It is 2 km away from Rizhao Port. The zone has a planed area of 30 sq. km with 3 sq. km in the first stage. It has two industry districts such as industrial area, storage area, science and technology zone and living area. A number of backbone projects of large and medium scale have been put into operation in the zone, such as Rizhao Thermal Power Plant with an investment of RMB5.82 billion yuan and Yellow Sea Pulp & Paper project with an investment of US$275 million. Rizhao Korean Industrial Park with a planed area of 1 sq. km has primarily taken its shape. There are 16 enterprises with Korean capital have been established in the park and 12 of them have been put into operation.

B. Lanshan Economic Development Zone
Situated in the southern tip of Rizhao City with Haizhou Bay in its north, Lanshan Economic Development Zone is in the boundary of Jiangsu Province and Shandong Province, where the golden coastline goes 25 km.

There is convenient transport and perfect telecommunication in the zone. Besides, Lanshan Port, the national first class open port also lies here. The Lan-Ping railway connects the east with the west and the highways extend to all directions. There is sufficient supply of water and electricity and complete institutes related to foreign affairs.

The zone abounds in resources such as asbestos, marble, granite and yellow sand. It is also the major producer of grain and oil, fruit, green tea and some precious aquatic products. The tourist resources in the zone are well known as well.

C. Rizhao Medium and Small Sized Enterprises Zone
Approved by the municipal government, it is a new type zone, which combines industry, science and technology, business and trade, living and entertainment. The park is located in Shizhong industrial area, which lies in the west of the new city. The 3 sq. km area of the zone is the golden place to develop not only industries such as light industry, food, textile, garment, electron and machine building, but also high and new technology industry, business and trade and real estate.

D. Rizhao Private Enterprise Technological Zone
The zone is the high and new technology trial area established by the National Science and Technology Commission in March of 1995. It is located in the golden area of Rizhao Economic Development Zone, with a planned area of 5 sq. km and the area at the first phase of 1 sq. km where has reached the standard of “five accesses and one flat”. The science and technological zone encourages the high and new technological projects such as E-info, bioengineering, new materials and ocean chemical industry. All the projects coming to the park not only enjoy the investment preferential treatment in the national high and new technological development zone, but also receive 20% to 40% discount in land price plus a three-year installment.

Living Information
Administration for Entry-Exit
Rizhao Public Security Bureau
Add: Mid-Yantai Road, Rizhao City
Tel: 8791700
Foreign Affairs Office of Rizhao Municipal Government:
Add: 198, Beijing Road, Rizhao City
Tel: 8781455
Finance and Insurance Agencies
Rizhao Subbranch of People’s Bank of China:
Add: 27, Tai’an Road, Rizhao City
Tel: 8786699
Rizhao Branch of State Bureau of Foreign Exchange Administration
Add: 29, Tai’an Road, Rizhao City
Tel: 8784879
Bank of China Rizhao Branch
Add: 24, No. 1 Yellow Sea Road, Rizhao City
Tel: 8331254
China Construction Bank , Rizhao Branch
Add: 86, No. 1 Yellow Sea Road, Rizhao City
Tel: 8328226
Industrial and Commercial Bank of China, Rizhao Branch
Add: 43, No. 1 Yellow Sea Road, Rizhao City
Tel: 8329606
Agricultural Bank of China, Rizhao Branch
Add: Mid-Beijing Road, Rizhao City
Tel: 8333050
Commercial Bank of China, Rizhao Branch
Add: 59, Yantai Road, Rizhao City
Tel: 8781988
People’s Insurance of China, Rizhao Branch
Add: 9, No.2 Yellow Sea Road, Rizhao City
Tel: 8331545
Life Insurance of China, Rizhao Branch
Add: 329, Jinan Road, Rizhao City
Tel: 8793370
Pacific Insurance ofChina, Rizhao Branch
Add: 51, Xinhai Road, Rizhao City
Tel: 8218018
Safety Insurance of China, Rizhao Branch
Add: 24, No.1 Yellow Sea Road, Rizhao City
Tel: 8324508

Service Agencies
Rizhao Foreign Investment Corporations Association
Add: 71, No.2 Yellow Sea Road, Rizhao City
Tel: 8332342
Shandong Oriental Sun Law Office:
Add: Haiqu East Road, Rizhao City
Tel: 8787018
Shandong Lvyuan Law Office:
Add: Mid-Yantai Road, Rizhao City
Tel: 8784687
Rizhao Oriental Construction Project Cost Consultation Office:
Add: 76, Xinhai Road, Rizhao City
Tel: 8227026
Rizhao Fangda Accountant Office, Ltd.:
Add: west No.3 Yellow Sea Road, Rizhao City
Tel: 8352153
Rizhao Tax Office:
Add: 1, Xingyang Street, Rizhao City
Tel: 8255675
Shandong Rizhao Investment Appraisal and Censor Consultation Center:
Add: 94, Xinhai Road, Rizhao City
Tel: 8254813

Medicine and Health-care
Rizhao People’s Hospital
Add: 126, Tai’an Road, Rizhao City
Tel: 8788379
Rizhao Traditional Chinese Medicine Hospital:
Add: 35, Wanghai Road, Rizhao City
Tel: 8221784
Rizhao East Port Hospital
Add: 66, Wanghai Road, Rizhao City
Tel: 8221330
Rizhao Hygienic Epidemic Prevention Station:
Add: 115, Rizhao North Road, Rizhao City
Tel: 8221462

Education
Rizhao Campus of Qufu Normal University:
Add: Rizhao College City
Rizhao Vocational and Technical College:
Add: 226, Haiqu East Road, Rizhao City
Tel: 8781763
Rizhao Broadcasting and Television College:
Add: Mid-Beijing Road, Rizhao City
Tel: 8339441

Transportation
Rizhao Aviation Service Corporation:
Add: 9, No.4 Seashore Road, Rizhao City
Tel: 8333688
Rizhao Railway Station:
Add: No.2 Yellow Sea Road, Rizhao City
Tel: 3966712
Rizhao Bus Station:
Add: 21, Rizhao South Road, Rizhao City
Tel: 8221003

Accommadation Price
About 1600 yuan/sq. m
Investment Promotion Institution
Rizhao Foreign Trade & Economic Cooperation Bureau
Investment Promotion Section: Wu Naijun, Zhang Feng
Tel: 8323526
Foreign Capital Section: Wang Yunhong, Li Maoyong
Tel: 8331104
Web: http:// www. Rzshangwu.com
E-mail: zhangfeng315@163.com

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