Yantai • A Transportation Hub in North China
Like a pearl shining on Shandong Peninsula, Yantai
is lying along the Yellow Sea and Bohai Sea, bordering on Liaodong Peninsula,
Japan and South Korea across the sea. Covering an area of 13,700 km2 and with a total population of 7 million, Yantai is a critical center in the
Economic Circle of the Bohai Sea. It serves as a logistics hub connecting Beijing-Tianjin
Economic Circle, Yangtze River Delta and the Northeast Asia Economic Rim, as
well as a gateway city to Japan and South Korea. The American Magazine “Forbes”
has put Yantai at the 5th position on the list of Chinese cities
most favorable for logistics development.
◎ Harbor
Yantai Harbor is one of the top ten harbors in
China. There are 56 berths of over 10,000 DWT. The maximum water depth is -20
meters. The direct navigation lines reach more than 100 ports of over 70
countries and regions. In 2014, the handling capacity of cargo was over 320
million tons, container 2.35 million TEU.
The west Yantai Harbor under construction is
planned to build 65 berths of 50,000-300,000 DWT. After completion, it will
become the most important hub in North China, with a handling capacity of 200
million tons for cargo and 15 million TEU for container.
Yantai-Dalian train ferry is the 1st in
China and the 35th in the world which distance is more than 100 km.
It has shortened a distance of 1600 km from northeast area to Shandong Province
and east coastal areas, forming a new transit corridor connecting Liaodong
Peninsula and Shandong Peninsula, linking Europe and Asia and radiating east
coastal areas.
There are passenger and cargo liners between Yantai
and Inchon, Pyeongtaek, Busan of South Korea. The preliminary study on Sino (Yantai)-South
Korea rail ferry is now under way.
◎ Airport
Yantai Laishan International Airport is open to air
traffic with more than 40 domestic and international cities, with an average of
470 departure flights each week, or over 570 in peak time. Airlines are
available to Hong Kong, Taipei, Inchon, Busan and Jeju island of South Korea,
Osaka of Japan. There are also freight flights for Brussels-Yantai-Inchon based
on the fifth-freedom rights. The airlines are in the forefront in the nation.
In 2014, the passenger throughput of the airport reached 4.3 million.
The new airport, Yantai Penglai International
Airport, will become one of the most important airports in North China, with a
handling capacity of 6.5 million passengers and 90,000 tons of cargos and mails
each year.
◎ Land Routes
Yantai has a highway mileage of 18,000 km,
including 507 km of expressway. Shenyang-Haikou, Rongcheng-Wuhai,
Weihai-Qingdao Expressway run through the whole area.
Railways in Yantai connect with arterial lines in
China. The Qingdao-Yantai-Weihai-Rongcheng intercity railway opened in December
2014, forming a one-hour circle among Qingdao, Yantai and Weihai. People can go
from Yantai through to Beijing, shanghai and Ji’nan by high-speed rail.
The Bohai strait tunnel between Yantai and Dalian
has been included in the national planning. When completed, it will connect the
Liaodong Peninsula and Shandong Peninsula across the sea, and it will take only
one hour to go from Yantai to Dalian.
Yantai • A City Favorable for Human Settlement
◎ Beautiful Landscape
Surrounded by mountains and seas, Yantai is blessed
with the picturesque landscape and four distinct seasons. It is a vibrant and
beautiful coastal city favorable for human settlement, known as the “Fairyland
on Earth and City of Wine”, where you can enjoy blue sea and sky, golden sunshine
and beach, miraculous islands, spectacular Penglai Pavilion, illusive mirage,
clusters of grapes and numerous hot springs. The city, as a well-known tourist
resort, has 90% air quality excellence rate and 43.6% forest coverage.
◎ Tourist Resort
Yantai is known as one of the most attractive
tourism cities in China. In Yantai there are 60 A-level tourist attractions
such as Penglai Pavilion-one of the most famous four pavilions in China, where
the legendary Eight Immortals crossed the sea, Kunyu Mountain–the origin of
Quanzhen Sect of Taoism, visited by the ancient Chinese emperors across 2000 kilometers,
Changshan Islands–the celestial islands over the sea, consisting of 32 small
islands. Besides, there are three national forest parks, one national natural reserve
and one national wetland park. There are also 9 golf clubs, in which the
biggest course has 279 holes. In 2014, Yantai hosted 148 exhibitions and 52
high-level sports games. All these make Yantai a worthwhile resort for
settlement, traveling, vacation, health care, sports and exhibitions as well.
In 2014, Yantai has received 54.8 million visitors
including 550,000 from abroad.
◎ Abundant Products and Resources
Yantai is the origin of Shandong Cuisine, one of
the eight great traditions of Chinese cuisine. Here you can enjoy the genuine
Shandong Cuisine, tasting the irresistible delicious food, appreciating the
quality of the city.
Yantai apple, Laiyang pear and Yantai big cherry
enjoy a time-honored reputation. The colors of red and green are shining on
this fertile land, with plentiful vigor and infinite enthusiasm.
Yantai is known as the only international vine
& wine city in Asia and one of the top seven vine coast in the world. There
are 152 wine makers, with famous brand names like Changyu, Great Wall and
Weilong. The wine production accounts for 1/4 of the total in the nation.
Thanks to the rich and diversified marine fishery
resources, Yantai has become an important fishery center in China, rich in over
200 marine products, including sea cucumber, abalone, prawn and different fish.
Yantai is abundant with mineral resources. The
reserves of magnesium, molybdenum and talcum rank among top five in the
country. Both the reserve and production of gold are No.1 in China, which
account for 1/4 and 1/3, respectively. The coastal continental shelf is rich in
petroleum and natural gas and has enormous potential to be tapped in the
future.
◎ Civilized and Harmonious City
Yantai was awarded “The National Civilized City”
for four consecutive terms, and “Model City for Comprehensive Management of the
Public Security” (The “Chang’an Cup”) for six consecutive terms.
◎ History and Culture
As a city endowed with fine spirit and outstanding
people, Yantai enjoys a long history and splendid culture. The Yantai people
are of confidence and open mind, who have created fascinating culture and art
by their wisdom and hardworking. Yantai is well known in China as ”Home of
Peking Opera” and “Home of athletics”. Fourteen programs, such as legend of Eight
Immortals Crossing the Sea, have been listed in the National Intangible Culture
Heritage. The Haiyang Yangko Dance was performed at the Opening Ceremony of the
29th Olympic Games in Beijing.
◎ A Livable City
Yantai has received many honors, such as
“UN-Habitat Scroll of Honor”, “China’s Model City for Human Settlement”
“China’s Top Ten City for Living Quality”, “China’s Top Ten Leisure City” and
“China’s Top Ten Well-being City”. More than 100,000 foreign business people
and their families have settled in Yantai, along with their businesses. They
enjoy living and working in Yantai.
Yantai • A City with Best Business Environment
in China
Yantai is one of the six Golden Cities in China for
business environment awarded by the World Bank.
◎ Emphasizing Cultivation of Talents
Yantai has 15 colleges and universities, 58
vocational and technical institutes with 300,000 students. There are also 83
provincial-level engineering technology research centers, 86 provincial-level
enterprise technical centers and 20 national enterprise technical centers.
There are a number of international schools like Yantai Korean School, Yew Wah
international School, Yantai Huari Foreign Languages School and Yantai Honshu
Japanese School. Yantai has a state-level software and services outsourcing
training center which is the second one approved by the Ministry of Industry
and Information Technology.
◎ Improving Health Care
Yantai has very well-established health care
network, with 5384 medical institutions. Foreigners can receive professional
services in Yuhuangding Hospital, Sino-France Friendship Hospital, etc.
◎ Sufficient Energy Supply
The city of Yantai provides sufficient electricity,
water, gas, heating and has enough reserve capacity. The total installed power
generating capacity is 8.16 million KW. The wind Power and other new energy
facilities under construction will add new installed capacity of 5 million KW.
The total water supply reaches 960 million cubic meters every year. The
designed capacity for natural gas supply is 3 billion cubic meters every year.
◎ Preferential policies
Yantai Municipal Government has issued a number of
official documents, such as “Policies on Recreating New Advantages on opening
up”, “Advice on Reengineering foreign-invested Enterprises”, “Advice on
Accelerating the Services Development”, “Advice on Supporting the Construction
of the Four Major Services Projects”, and “Notice on Several Policies on
Promoting foreign-oriented Economy and Trade”, which have released series of
preferential policies on introducing the Fortune 500 companies and
multi-national companies, establishing investment companies, regional
headquarters, operation centers, R&D centers, Procurement centers and
settlement centers, accelerating modern services, foreign-invested enterprise
capital expansions, etc.
Yantai • Earliest Opening up City in China
◎ Inbound Investment
By 2014, more than 90 countries and regions have
invested in Yantai, with 28.1 billion US dollars foreign investment in actual
use. The Opening up has made Yantai a promising land for foreign investment.
More than 90 “Global Top 500” companies and famous
multi-national companies, such as GM, GE, Timken from the US, Mitsubishi,
Mitsui, Itochu, Toyota, Honda, Denso, Idemitsu Kosan, Asahi and Aeon from
Japan, Henkel from Germany, Total from France, Hyundai, LG, Doosan, Daewoo
shipbuilding, POSCO from South Korea and Hon Hai Group from Taiwan, have set up
operations in Yantai.
◎ Outbound Investment
By accelerating the “Going Abroad” Strategy, more
and more companies in Yantai choose to be players in the international market.
By 2014, more than 300 Yantai companies have made investment in nearly 60
countries and regions, with a total contracted outbound investment of 2.5
billion US dollars, involved in industrial park development, mineral resources
exploration, product processing and manufacturing, research, development and
design, marketing network building, trading, etc.
Yantai Wanhua Group, Nanshan Group, Moon Group and
Jereh Group, have invested a number of projects in Hungary, US and Malaysia,
with a total investment of over 1 billion US dollars.
◎ Foreign Investment
Yantai has forged trade partnership with more than
200 countries and regions around the world. In 2014, the total imports and
exports of the city reached 52.7 billion US dollars, of which exports amounted
to 29.4 billion US dollars and imports 23.3 billion US dollars. The top three trading
partners of Yantai are South Korea, Japan and USA.
◎ Sister Cities
Yantai has set up sister city relationship or
friendly cooperation with 22 cities from 13 countries, including the US, Japan,
South Korea, etc.
Yantai • A City Offering the Greatest Value for
Investment and Potential for Development
◎ Economic Strength
Over the past 30 years since reform and opening up,
Yantai has been witnessing rapid economic development with notable improvement
of economic strength and well-established industrial foundation. In 2014, the
city’s GDP amounted to 97.7 billion US dollars with per capita GDP of over
14,000 US dollars. The total economy ranked the 2nd in Shandong
Province and the 21th in the nation.
◎ Five Competitive Industries
In order to expand diversified industries and
strive to build a highly competitive city for manufacturing, Yantai has
established five competitive industries including machinery manufacturing,
electronics & IT, food processing, gold, modern chemicals as well as ten product
clusters including automobile, ship, computer, mobile phone, wine, etc.
◎ Machinery Manufacturing
There are 636 related businesses which annual sales
are over 20 million RMB Yuan each, with a total main business revenue of 50.8
billion US dollars in 2014. Fast-developing sectors are automotive industry,
marine engineering and shipbuilding, as well as construction machinery. Major
manufacturers include Shanghai GM Dongyue Auto Co., Ltd, CIMC Raffles Offshore
Co., Ltd, DSME Shandong Co., Ltd. and Doosan Infracore Ltd.
◎ Electronics & IT
There are 147 related businesses which annual sales
are over 20 million RMB Yuan each, with a total main business revenue of 39.5
billion US dollars in 2014. The products include computer, communication
equipment, electronic parts, electronic materials, software, information
appliances, etc. Major manufacturers include Foxconn (Yantai) Scientific and
Industrial Park, Langchao LG Mobile Communications Co., Ltd, Yantai Zhenghai
Electronic Screen Co., Ltd, New Kinpo Group, Dongfang Electronics Co., Ltd.
◎ Food Processing
There are 506 related businesses which annual sales
are over 20 million RMB Yuan each, with a total main business revenue of 29.5
billion US dollars in 2014. The products include wines and liquors, fruit
juice, fresh vegetables, aquatic products, animal products, edible oil,
vermicelli, etc. Major manufacturers include Yantai Longda Group Ltd, Yantai
Changyu Group Ltd, Yantai Siwin Food Co., Ltd, Yantai Luhua Group Ltd.
◎ Gold
Both the reserve and production of gold in Yantai
are No.1 in China. A gold Industrial chain, including gold mining, smelting,
processing and mining machinery, is taking shape. There are 77 related
businesses which annual sales are over 20 million RMB Yuan each, with a
production of 174 tons of gold and a total main business revenue of 26.6
billion US dollars in 2014. Major manufacturers include Shandong Gold Group,
Shandong Zhaojin Group, Penglai Jinchuang Group, Shandong Zhongkuang Group.
◎ Modern Chemicals
There are 320 modern chemical companies, with a
total main business revenue of 22 billion US dollars in 2014. The products
include basic chemical materials, chemical fiber, refined petroleum products,
rubber products, chemical fertilizer, etc. Major manufacturers include Yantai
Wanhua Group Ltd, Yantai Juli Fine Chemical Co., Ltd, Yantai Taihe New
Materials Co., Ltd, Linglong Group.
◎ Well-known Brands
Yantai has 79 China well-known trademarks and 28
China top brand products. A number of brand names, such as Changyu, Longda, Luhua,
Polaris, Nanshan, have built a notable reputation of “Made in Yantai”.
◎ Active Consumer Market
In 2014, the per capita disposable income of Yantai’s
urban residents is over 5,900 US dollars, per capita consumption expenditure
over 3,900 US dollars. The total retail sales of consumer goods reached 38.7
billion US dollars. AEON, Wal-mart, Auchan, Metro and Hong Kong New World have
opened stores in Yantai. Tesco, Carrefour and Lotte are preparing to establish
their stores in Yantai.
◎ Well-established Development Areas and Industrial
Parks
There are four national-level development areas and
special zones in Yantai, including Yantai Economic Development Area (YEDA),
Yantai Bonded Port Zone and Yantai High-tech Industrial Park and Zhaoyuan
Economic-technological Development Area. Meanwhile Yantai also has 10
Provincial-level development zones. YEDA ranks the 6th in the
comprehensive evaluation of all national development areas in the country.
Pillar industries of YEDA include automobile, ship, computer, mobile phone and
new materials. Yantai Bonded Port Zone focuses on building a regional trade
center, shipping center and high-tech industrial center. Yantai High-tech
Industrial Park emphasizes on bio-technology, electronics and IT, new
materials, services outsourcing, aviation technology and marine technology. The
development priorities of Zhaoyuan Economic-technological Development Area are
gold, electronics and IT, automotive parts, machinery manufacturing, new energy
and new materials.
◎ Development Plan
Leading East Area,
Developing Multi-area
Yantai has applied two National Development
Strategies of “Shandong Peninsula Blue Economic Zone” & “The Yellow River
Delta High-Efficiency Ecolonomic Zone” as the core city. Yantai is constructing
development layout of “Leading East Area, Developing Multi-area” by developing
key areas and industrial parks, to boost the characteristic development.
Yantai East Marine Economic New Area covers an area
of 600 square kilometers, focusing on marine equipment manufacturing, marine
biology, new energy & environmental protection, aerospace industry, marine
high-tech services, etc.
Energetically Cultivating
Strategic Emerging Industries
Yantai has also been fostering five strategic
emerging industries, including new energy, energy-saving & environmental
protection, new materials, high-end equipment manufacturing, bio-technology of
new generation.
Accelerating Modern
Services
Priority is placed on producer services,
strengthening finance, modern logistics, commercial services, culture
creativity and scientific information; upgrading life services like tourism,
commercial trade and catering, real estate, the elderly care and health care,
community service.