Yantai, China, Strives Forward to the "Big City Era" with All Efforts

YANTAI, China, May 29, 2023 /PRNewswire/ — This is a report from the Shandong office of Hong Kong Business Daily. From May 29th to June 2nd, Shandong Province held the 2023 Hong Kong Macao Shandong Week event in Hong Kong and Macau, China. This is also a grand event that showcases Shandong’s comparative advantages with Hong Kong and Macau, as Shandong has resumed its concentrated economic and trade activities in Hong Kong and Macau since 2019. Among them, the Yantai Hong Kong Dialogue on “Green and Low Carbon Development for a Better Future” held in Yantai has attracted attention from all sectors. Nowadays, Yantai is striving to promote green, low-carbon, and high-quality development, striving to break through the trillion yuan GDP mark. In the first quarter of 2023, the city’s regional GDP grew by 5.4%, laying a solid foundation for achieving the trillion yuan target for the entire year.

Green and low-carbon is a clear direction for high-quality development in Yantai

At the beginning of 2023, the Shandong Provincial Party Committee and Government issued the “Three Year Action Plan for Building a Green, Low Carbon, and High Quality Development Pilot Zone in Shandong Province (2023-2025)”, of which Yantai was mentioned 24 times. To build a world-class high-end chemical industry base and cultivate and strengthen emerging industries, Yantai has taken the lead in the fields of new energy vehicles, marine industry, clean energy, aerospace, and other fields. Multiple tasks have been included in the key construction of Shandong Province’s green, low-carbon, and high-quality development.

Yantai has clearly proposed to build an internationally leading intelligent low-carbon city, and is building a new energy system with coordinated development of “nuclear, wind, solar, hydrogen, storage, and LNG”. It is accelerating the construction of three 10 million kilowatt level nuclear power bases, wind power bases, offshore photovoltaic bases, and 10 million ton level unloading capacity LNG bases. It plans to layout major carriers such as the Dingzi Bay International Green and Low Carbon Open Cooperation Pilot Zone, Future Science and Technology Innovation City, and Long Island International Zero Carbon Island, Build a series of application scenarios such as digital virtual power plants, clean energy heating, zero carbon parks, zero carbon campuses, zero carbon ports, energy-saving airports, zero carbon tourism, and green construction, to create a model for the construction of a green, low-carbon, and high-quality development pilot zone in Shandong.

Advanced manufacturing is the foundation of Yantai’s establishment and strength

Yantai is one of the birthplaces of modern ethnic industries in China, nurturing a group of ethnic brands such as Changyu wine. Since the reform and opening up, it has always adhered to the principle of industry as a city and has cultivated and formed two 200 billion level industrial clusters of non-ferrous and precious metals, green petrochemicals, four 100 billion level industrial clusters of high-end equipment, electronic information, automobiles, and food deep processing, and three 10 billion level industrial clusters of biomedicine, aerospace, and clean energy. Facing the future, Yantai is focusing on the “9+N” manufacturing industry cluster, vigorously promoting the “chain length system” of 16 key industrial chains, and building world-class green petrochemical cities, China National Offshore Equipment City, Million Vehicle Industry City, and International Life Science City with high standards. The industrial chain is built on the park area, and a vertical industrial ecosystem is constructed. It is planned to form an industrial cluster array of 300 billion yuan and 200 billion yuan each, and 4 industrial clusters of 100 billion yuan within three years, Utilize 5 years to rebuild an industrial scale in Yantai.

Innovation and openness are the two wings of high-quality development in Yantai

Yantai is a national innovation oriented city that always adheres to the core position of innovation in the overall modernization construction, deeply implements the innovation driven development strategy, and has been awarded the National Science and Technology Achievement Transfer and Transformation Demonstration Zone. It has built 399 provincial-level or above science and technology innovation platforms, 23 provincial-level key laboratories, 17 provincial-level technology innovation centers, and has been approved to build 2 laboratories in Shandong Province, including advanced materials and green manufacturing, and new drug creation, We are accelerating the construction of science and technology innovation clusters such as the Bajiaowan Science and Technology Innovation Zone, the International Research Corridor around Cishan, and the Blue Wisdom Valley. By 2025, the proportion of high-tech industry output value to the total industrial output value above designated size will reach over 60%, and the average annual growth of research and development funds in the whole society will be over 10%. The number of high-value invention patents owned by 10000 people will reach over 10.

In addition, Yantai has a natural environment accessible to mountains and seas, open and inclusive urban quality, and the high-speed development of “centripetal force” is constantly increasing. In the past May Day holiday, Yantai Long Island set a historical record for a single day reception, and major scenic spots reproduced the scene of “people following the crowd”. In the first quarter, the total retail sales of consumer goods increased by 5.7%, and the operating revenue of the service industry above designated size reached 14.62 billion yuan, an increase of 6.3%. As the starting point of the Maritime Silk Road thousands of years ago and one of the first 14 coastal open cities in China, Yantai in the new era has once again become an important port city of the “the Belt and Road”. In March 2023, Yantai held a promotion meeting for the key industry chain of “Xiangqing Xiangyun · Meet Yantai”, with 30 projects signed in a centralized manner. The continuous growth of the “City Partner” circle of friends has poured surging energy into this open city.


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SOURCE Shandong Office of Hong Kong Business Daily

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