The city of Zibo is located in the central area of the eastern coastal province of Shandong, 200 km west of the famous port of Qingdao, 900 km north of Shanghai, and 500 km south of the Capital Beijing. The city comprises five districts Zhangdian, Zichuan, Boshan, Zhoucun and Linzi and three counties, Huantai, Gaoqing and Yiyuan, covering an area of 5,965 sq.kms. and is home to a population of around 4.65 million people. The city’s GDP in 2015 amounted to 413.02 billion Yuan, with the per-capita GDP topping 14,000 US dollars.
Foreign direct investment is becoming increasingly important to the economic development of Zibo and global investment confidence has indeed been obvious with investors giving the thumbs up to overall business conditions.
In 2015, Zibo ratified 29 foreign-invested enterprises, with an increase of US$ 255.29 million contractual foreign investment and US$ 587.9 million foreign direct investment, which saw an 8.03 percent increase compared on the previous year. By the end of 2015, Zibo had attracted 27 Fortune 500 companies and industry leading enterprises investing in 36 projects. Investors included Eastman, Air Products and Chemicals, Unifrax and KOHLER of America, Linde Group, Siemens, BOSCH, B.Braun and Metro Group of Germany, Tesco of Britain, BUCHER of Switzerland, Asahi Glass, Mitsui and Citizen of Japan, China Resources and Everbright Group of Hong Kong.
Zibo - Shandong Province
Key industries sectors that attracted foreign investment included: new materials, new energy, energy conservation & environment protection, electronic information & software, robotic & high-end equipment manufacturing, biology & medicine, age health care, finance & insurance, cultural tourism, modern logistics and modern agriculture.
By the end of 2015, Zibo had attracted some US$ 7.9 billion of foreign investment, of which US$ 5.8 billion (73%) was attributed to manufacturing industry, a sector where the city hosts over 2060 foreign-invested businesses.
The largest source of foreign investment was Hong Kong, accounting for 49.9% of total FDI for 2015. The U.S., Europe, Taiwan and Korea are also major sources, together accounting for 24.8 percent.
1 Yuan = 0.14US$