Yantai racing ahead in boosting manufacturing industry

A production base of CIMC Raffles, a maritime engineering equipment supplier in Yantai. [Photo provided to chinadaily.com.cn]

Yantai, a coastal city in East China's Shandong province is speeding up the development of its manufacturing sector and is expected to become a hub for China's manufacturing territory, Xinhua News reported on Nov 20.

Since reform and opening-up was launched, Yantai's industrial output value increased from 2.75 billion yuan ($398 million) in 1978 to over one trillion yuan in 2010.

In 2017, its major industrial income reached 1.4 trillion yuan, ranking first place in Shandong province, among which the manufacturing sector accounted for more than 90 percent of the total.

Yantai's wine industry has become one of the most important industries in the city. It is the birthplace of China's first estate Changyu Pioneer Wine Co, which was founded by diplomat Zhang Bishi in 1892.

Changyu Group ranks fourth among the world's top 10 wine brands, with its sales network covering more than 40 countries and regions. 

Yantai is also home to some of China's most renowned brands such as Tricyclic Lock, Longda Food and Polaris Clock which help it win city cards of "international wine city", "China food city" and "China horologe city".