THE economy of Lianyungang has been developing very quickly since the
introduction of the reform and opening-up policy in 1978.
Its GNP and foreign trade are increasing at an annual rate of 20% and 35% respectively. An
industrial system with food, chemicals, salt manufacturing, textiles, garments, machinery,
electronics, building materials and pharmaceutical industries as the mainstay has taken
shape. The tertiary industry is growing at a rate of over 25%. The total volume of its
export-oriented economy accounts for 30% of its national economy with over 30
categories,and 600 varieties of export commodities. Japan, the Republic of Korea, the
U.S.A., the Philippines, Germany, the U.K., Italy, Australia, Hongkong, Macao and Taiwan have increased their
investment in Lianyungang. The city now has over 1,700 companies with foreign investment.
More than 20 multinational companies, such as Suntory and Itochushuzi in Japan, Sain-Goban
in France, C.P. Group in Thailand and LG in the Republic of Korea, have invested in
Lianyungang. The Singapore Industrial Park and the Philippines Industrial Park built in
Lianyungang Economic & Technological Development Zone, one of the first national
development zones, have taken initial shape.
opening-up policy in 1978.
Its GNP and foreign trade are increasing at an annual rate of 20% and 35% respectively. An
industrial system with food, chemicals, salt manufacturing, textiles, garments, machinery,
electronics, building materials and pharmaceutical industries as the mainstay has taken
shape. The tertiary industry is growing at a rate of over 25%. The total volume of its
export-oriented economy accounts for 30% of its national economy with over 30
categories,and 600 varieties of export commodities. Japan, the Republic of Korea, the
U.S.A., the Philippines, Germany, the U.K., Italy, Australia, Hongkong, Macao and 
Taiwan have increased their
investment in Lianyungang. The city now has over 1,700 companies with foreign investment.
More than 20 multinational companies, such as Suntory and Itochushuzi in Japan, Sain-Goban
in France, C.P. Group in Thailand and LG in the Republic of Korea, have invested in
Lianyungang. The Singapore Industrial Park and the Philippines Industrial Park built in
Lianyungang Economic & Technological Development Zone, one of the first national
development zones, have taken initial shape.
