Yantai achieves high-quality development over past 5 years

inputtime: 2022-06-10 16:30:51

Yantai, a coastal city in East China's Shandong province has experienced high-quality development since the 19th CPC National Congress in 2017, with its GDP rising to 871.2 billion yuan ($130.43 billion), and its general public budget revenue reaching 64.66 billion yuan in 2021.

Yantai has spent the last five years focusing on enhancing its overall strength and innovation capabilities, deepening reform and opening-up, growing vital industries, advancing the maritime economy, and improving the environment.

From 2017 to 2021, efforts have also been made to support the establishment of new business modes. According to official data, Yantai's high-tech industry output value accounted for 58.3 percent of the city's GDP in 2017, up 16.4 percent from 2016. The city now has 55 publicly traded enterprises, and the city's total domestic market value ranks first.

Shandong will increase the speed of innovation in marine science and technology to develop Shandong into a powerful maritime province, according to the goals set forth in the report of the 12th Shandong Provincial Congress of the Communist Party of China, which began on May 28 in Jinan.

The city of Yantai has announced that it will launch four major projects to develop the marine economy this year, including integrated city, port, and industry development, a marine environmental protection campaign, and improving public service capabilities in marine science and technology innovation.

Efforts will also be made to encourage the transition to green and low-carbon development, with the goal of becoming the world's leading smart and low-carbon city, as well as a national leader in clean energy projects.

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