PEDZ is a national level industry zone, located in the northwest corner of Pinghu City, only 60 km to the Shanghai Hongqiao Airport. Its total planned area is 64 km2. PEDZ has attracted worldwide enterprises to invest here, including those from Japan, Germany, Republic of Korea, Spain, the USA, Sweden, Italy, and France. The representative Japanese enterprises are Japan Morinaga, Nissin Foods, SSK Food, Mitsubishi Chemical Food, Inabata Perfume, Nisshin Steel, JFE, Nidec, Tsugami, Okaya, Sinto, Kanto Tatsumi, Totoku Electric, Mimaki, Kuroda Precision, Dorency, Jujo Ink; representative European and American enterprises are Cargill, SKF, Hirschvogel, etc; Korean enterprises mainly include Samsung, SK, Posk; Taiwan-invested enterprises mainly include Nanliu Enterprise, Master & Frank Enterprise, Fotek, Zhongxing Weaving, etc. By the end of 2013, there were over 1,000 enterprises in PEDZ, more than 300 of which are foreign direct investments. The total investment is about 4 billion US dollars. In recent years, more and more European and American enterprises come to Pinghu for investment and their proportion is increasing constantly. So far, there are 22 Fortune 500 companieshave invested in PEDZ, accounting for 1/8 of Fortune 500 companies in Zhejiang Province. Investment industries mainly include fiber-optic communication, new-type electronic parts and components, precision machinery, and micro motor. The industry characteristic of the integration of optical-machinery-electronics has initially taken shape.