Qingdao TDK Electronic Co Ltd has become the best production base among Japanese TDK’s 14 bases in China. It plans to maintain an annual increase of investment capital of $10 million in the next few years. Active Group, which settled here only two years ago to produce umbrellas, will increase $10 miillion to expand the scale to meet the stream of orders from more than 50 countries and regions around the world. “Over 30 enterprises in this park plan to increase investment capital this year,” Wang said.

The TACIP's 40-strong group of automotive companies now provides auto parts for more than 30 leading auto enterprises in China and abroad, including Korea's Hyundai, Kia and Daewoo, Toyota in Japan, America's GM and HI-LEX, Canada's INTIER, as well as Beijing Hyndai, Dongfeng and Yueda Kia. And the electronic park has become one of the lead suppliers for 30 of the world's electronics giants, including Haier, Hisense, Siemens and Nokia.

To speed up the development of the industrial park, local authorities have launched a new plan for new industry development, fostering new industries including new energy, new materials, culture and innovation, tourism, high-end service sector industries as the focus of future development.

By Ju Chuanjiang and Dai Yan (China Daily Shandong Bureau)

Editor: Li Jing