Weihai is one of the fastest growing and most dynamic cities in China, with an average annual GDP growth rate of over 15%, and the per capita GDP ranks first in Shandong Province. All the counties and cities under its jurisdiction have entered the "Top 100 Counties in China" and are regarded as the most suitable cities for investment and entrepreneurship. Weihai Lingang Economic and Technological Development Zone is the most active economic growth pole and the latest urban expansion area in Weihai, and the growth rate of main economic indicators has always kept ahead of the whole city, and it has been successively rated as "the best development zone with comprehensive strength in China" and "the top ten most valuable industrial zones in China". The Development Zone has always adhered to the strategy of strengthening the industrial area, driving the industry and supporting the service industry, vigorously promoted investment attraction, project construction and expansion of key enterprises, constantly intensified the transfer and innovation, and promoted the high-end, efficient and high-quality development of the industry. Since the construction of the zone, more than 20 large projects 120 with investment exceeding 100 million yuan or 10 million dollars have been introduced, attracting world-renowned enterprises such as Garton of the United States, TAG Heuer of Japan and Lotte of Korea to settle in. At present, there are more than 450 industrial enterprises in the whole region, which have initially formed six dominant industries: automobile parts, new materials and products, high-end equipment manufacturing, food and medicine, cultural and sports supplies and new information, and cultivated the largest domestic carbon fiber production base-expanded fiber, the largest domestic all-steel radial tire production base-Triangle Industrial Park, and the largest global drilling chuck production base-David Group. Weihai has the largest utilization of Japanese capital. Adhere to innovation-driven development, build more than 70 innovation platforms at or above the municipal level, such as national engineering laboratories for triangle tires and fiber development, and establish cooperative relations with more than 30 universities in Tsinghua University and Peking University. Efforts will be made to promote the interactive development of production cities and diversified economic growth, vigorously develop modern service industries, focus on cultivating the three major service industries of commerce and trade circulation, and rely on automobile Expo City, home building materials city, hardware and electrical city, Koreatown, fishing tackle Expo City, Weihai specialty city, etc., and focus on cultivating regional professional markets. Modern logistics industry, relying on Weihai International Logistics Park, will vigorously develop port logistics, highway logistics and bonded logistics, build a modern logistics center with joint development of land, sea and air, and strive to build a distribution center for Korean goods in Weihai and even Northeast Asia. Leisure tourism industry, relying on mountains, rivers, forests and other resources, will speed up the construction of Weihai Leisure Botanical Garden, develop efficient agriculture mainly based on suburban tourism, and promote the rapid rise of leisure, rehabilitation, health and pension industries.