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Laiyang is located in the middle of Shandong Peninsula, bordering Haiyang on the east, Laixi on the west, Qixia and Zhaoyuan on the north and Jimo on the south.
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In 2003, Laiyang enjoyed a remarkable economic increase, entering the list of Top 30 counties in Shandong Province and the Top 100 counties with competitive economy in China. Statistics show that the whole city finished
gross domestic product of 10.459 billion yuan, with an increase of 14.8% over 2002. The proportion of agriculture, industry and services stands as
16.9:49.4:33.7.Agriculture realized an added value of 1.772 billion yuan, industry 5.169 billion and the service industry 3.518 billion, with increase of 3.42%, 17.73% and 16.62% respectively.
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| In the past several years, Laiyang has industrialized agriculture to speed up the economic development in the rural area. In 2003, the whole city finished a GDP of 10.92 billion yuan, with an increase of 18.2%. The local financial revenue reached 377,580,000 yuan, which increased 18.5%. |
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| In 2003, the enterprises above certain scale finished added value of 3.798 billion yuan and sales income of 13.113 billion yuan, which increased by 41.99% and 40.73%. The leadership of the food, machinery, electron, chemistry and costume industries was more obvious. In 2003, the industrial investment…… |
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| In 2003, with the effective measures adopted to overcome the impact of SARS, Laiyang made great progress in export-oriented economy. The approved projects with foreign capital totaled 75 and the foreign capital in signed contracts hit 337,020,000 dollars. |
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| In 2003, the added value for the service industry of Laiyang hit 3.518 billion yuan, with its proportion in GDP reaching 33.7%. The consumables for the whole society reached 4.26 billion yuan with a gain of 18.4%. The number of employees involved in the service industry reached 70,000, with an increase of 12.5%. |
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| The private economy of Laiyang presents a quick, continual and healthy development tendency. In 2003, the business income of the private economy for the whole city accumulated to 33 billion yuan, with a gain of 12.9% over 2002. The private
economy finished an added value of |
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