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.
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.