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Profiles of China Provinces, Cities and Industrial Parks



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Content provided by :  China Knowledge
   
5 Sept 2011
Yantai ( Shandong ) City Information

Major Economic Indicators (2010)

Land Area (km2) 13,748
Population (million) 6.5
GDP (RMB billion) 435.85
GDP Composition
Primary Industry 7.7%
Secondary Industry
(Industry & Contruction)		 58.9%
Tertiary Industry (Service) 33.4%
GDP Per Capita (RMB) 62,264
Unemployment Rate 3.3%
Fixed Asset Investment (RMB billion) 270.59
Utilized FDI (USD million) 1,150
Total Import & Export (USD million) 43,780
Export (USD million) 25,480
Import (USD million) 18,300
Sales of Consumer Goods (RMB billion) 137.84
Source Source: Yantai Economic and Social Development Report 2010

 
Introduction
 
Located in the middle of Shandong Peninsula, Yantai faces China's Bohai Sea to the north and the Yellow Sea to the southeast. It is a prefecture level city of Shandong Province and one of the nation's coastal cities. Covering a total area of 13,748 sq km, it supports a population of 6.5 million. It has a temperate monsoon climate with an average annual temperature of 12°C.

Yantai is one of China's most important coastal port cities. It has a coastline of 702.5 km and 63 islands. Its seaport, Yantai Port, is located in Zhifu Bay on the northern shore of Shandong Peninsula from which Liaodong Peninsula is visible across the sea. In 2009, the cargo throughput of Yantai Port hit 124 million tons, ranking 13th in China.

Apart from the port, Yantai also enjoys good transportation connections via land and air through its highway network, which has a total mileage of 414 km, and its proximity to Yantai International Airport.
 
Economic Features
 
In 2010, Yantai saw its GDP grow by 14.1% to RMB 435.85 billion. The agricultural, industry and service sector have contributed RMB 33.45 billion, RMB 256.65 billion and RMB 145.75 billion, accounting for 7.7%, 58.9% and 33.4% respectively.

In 2010, value-added industrial output from the above-designated-size companies hitting RMB 238.24 billion, up 16.1% year on year. Light and heavy industry rose 13.8% and 17.1% year on year, reached RMB 6.62 million and RMB 17.2 million, relatively.

Yantai has established machinery, electronics, food processing and gold extraction as its pillar industries The sales revenue of the pillar industries amounted to RMB 661 billion,, increased 23% year on year.

In the field of machinery, Yantai focuses on automobiles and shipbuilding. At present, there are over 350 automobile and auto parts manufacturers in Yanta. For shipbuilding, one of Yantai's county cities, Penglai, has become the largest shipbuilding base in Shandong.

Dong Yue Auto was jointly established by Shanghai General Motors, General Motors China and Shanghai Automotive Industry Corporation Group (SAIC), In the first half of 2010, Dong Yue produced 130,000 complete cars, 310,000 engines and 210,000 automatic transmissions. On July 2010, the company has started the construction of its new plant in Yantai Economy Technology Development Zone. With the increased capacity of Dong Yue, the city's annual output value of complete vehicles and automobile parts will reach RMB 100 billion (approx. US$14.7 billion) with an annual vehicle capacity of 1 million units by 2015.

In 2009, about 33.65 million tourists (including 470,000 foreign visitors) have visited the city with the total tourism revenue of RMB 33.12 billion.

In 2010, Yantai's foreign trade increased 2.1% to US$43.78 billion, of which export amounted to US$25.48 billion and import amounted to US$18.3 billion. Machinery and electronic products were the major export products, with a growth rate of 29.3% to US$18.27 billion, contributing 71.7% of the total export.

Yantai has approved 243 foreign invested projects, with the total utilized FDI of US$1.15 billion, up 6.3% year on year.
 
Cultural Highlights
 

Known in ancient times as the Lai State, Yantai has a history which dates back to China's Shang Dynasty (1600-1100 BC). During the Qin Dynasty (221-206 BC), China's first emperor, while making his rounds of inspection, visited Yantai three times, creating a legacy of many historical sites. Yantai became one of China's major trading ports during the Tang Dynasty (618-907 AD) and also served as a passage for the Japanese ambassador to enter China and for the technologies of silk production, metallurgy and paper-making to be transferred to Japan and Korea.

Yantai is one of birthplaces for China's modern industries. Changyu Wine, which was set up in 1892 and hired the Austrian consulate at that time as the winemaker, is currently the largest wine manufacturer of the nation. In 1915, the country's first clock factory, Zhongbao Timepiece Factory, was also set up in Yantai.

Yantai is also the birthplace for China's post industry. In 1866, the Yantai Custom established the post business office to serve the ambassador. Later in 1878, the Qing Government decided to launch the post business in Beijing, Tianjin, Yantai, Yingkou and Shanghai, creating the beginnings of the industry today.
 
Tourist Attraction
 

Yantai is an ideal tourism city with beautiful landscape and a pleasant climate. Penglai Pavilion, Changdao Island, Horse Raising Island, National Forest Parks and Natural Preservation Areas are perfect tourism spots. Moreover, Yantai is the famous "hometown of hot springs", which attracts over 100,000 overseas tourists from over 30 countries and regions such as the U.S., Germany, Japan and Hong Kong.

Yantai's local food takes advantage of the abundant seafood readily available due to its coastal position. The ingredients of many dishes are seafood-based, consisting of sea-cucumbers, abalones, scallops, crabs and prawns. The Stir-fried Sea-cucumber with Scallions and Fried Razor Clam are two of the most famous seafood dishes.
 
Major Development Zones
 

As of the end of 2010, Yantai had two state-level development zones.

Name
Area (km²)
Pillar Industries
GDP in 2010
(RMB billion)
Yantai Economic and Technological Development Zone
10.00
 Machinery, automobiles, information technology, bio-pharmaceuticals, chemical fibers, textiles, food processing
70.47 (2009)
Yantai Export Processing Zone
2.96
 Machinery, automobiles, electronics, bio-pharmaceuticals, fine chemicals, new materials, chemical fibers and textiles, light industries
N.A.

Source: National Development and Reform Commission
 
Honors
 

World Habitat Award (2005)
-United Nation

National Excellence for Tourism (2004)
-National Administration of Tourism

China Charming City (2004)
-CCTV

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