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.