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Taking a look at Yantai’s economic demonstration area

2018/8/10 16:11:09   source:sdchina.com

If you want to explore the achievements of Yantai’s opening up through a window, then the window should definitely be Yantai Economic and Technological Development Area. On August 8, journalists of more than 30 top news outlets from home and abroad paid visit to Yantai Economic and Technological Development Area to explore the area’s high-quality development.

The construction of Yantai Economic and Technological Development Area came after the success of the four special economic zones, which are Shenzhen, Zhuhai, Shantou and Xiamen, in 1984. After more than 30 years of development, the area has become a modern and international urban area with complete facilities, sophisticated functions and beautiful environment.

As one of the first 14 national-level development areas, the GDP of Yantai Economic and Technological Development Area in 2017 accounted for one out of five of the city's total. The main industrial business income above state designated scale of the area accounted for one out of four of the city’s total. The output value of high-tech industry above state designated scale of the area accounted for two out of five of the city’s total; The area’s imports and exports volume accounted for half of the city’s total; The actual use of foreign capital accounted for one out of three of the city’s total; Its national and local tax revenue accounted for one out of three of the city’s total. Besides, its regional GDP ranked the second among 171 counties and urban areas (development zones) in the province.

It’s reported that Yantai Economic and Technological Development Area has been insisting on developing through industries, holding the foundation of real economy, focusing on advanced manufacturing and modern service industry, and building a modern industrial system. There are more than 2,700 enterprises in the Yantai Economic and Technological Development Area, including one enterprise with an output value of over one hundred billion yuan, 6 enterprises with an output value of over ten billion yuan, 24 enterprises with an output value of over one billion yuan, 137 enterprises with an output value of over 0.1 billion yuan, 8 listed companies on the main board and 20 listed companies on the new third board.

Yantai Economic and Technological Development Area is always deemed as a pronoun of Yantai’s opening up. It has always persisting in opening up, focusing on foreign investment, foreign trade and overseas cooperation. By now, over 2,100 foreign investment projects with a total investment of over $25 billion, comprising 44 projects worth over one hundred million yuan and 80 projects invested by Fortune Global 500 companies.

In the future, Yantai Economic and Technological Development Area will spare no efforts to promote the construction to a higher level and help to constantly improve the city’s quality and image.

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Sponsor:Information Office of Shandong Provincial People’s Government