Yantai seeks investment and cooperation

The eastern coastal city of Yantai recently rolled out a promotional film presenting its competitive advantages in a bid to attract greater domestic and international investment.

Jointly produced by the city's publicity department, the Yantai municipal government and the Yantai broadcasting and TV station, the film is available in four languages: Chinese, English, Japanese and Korean. Through detailed data and spectacular images it demonstrates the city's social and economic realities from various angles.

The eastern coastal city of Yantai in Shandong province. [Photo/Jiaodong.net]

Yantai was one of the first cities in China to open up and is an important economic center in the circum-Bohai-Sea area. It is a logistics hub connecting the Beijing-Tianjin Economic Circle, Yangtze River Delta and the Northeast Asia Economic Rim. It is also a gateway city to Japan and South Korea.

The city has established special bonds of friendship and cooperation with 25 cities around the world.

Yantai is home to five national hi-tech industrial parks and ten provincial-level economic development zones. The Yantai government has simplified matters of administrative examination and approval and it always provide investors with a sound environment for business operations.

The Yantai Hi-Tech Industrial Development Zone. [Photo/sdlb.gov.vn]

Yantai is already home to nearly 100 Fortune 500 companies. More than 10,000 multinational enterprises have established facilities in the city, contributing to its competitiveness in automobiles, computers, cell phones, wines, gold, ship-building and new materials. It was listed as China's Gold Medal City for Investment Environment 2006 as evaluated by the World Bank.