Yantai sets sights on deep sea, marine economy

Yantai, a coastal city in East China's Shandong province, has seen a boom in its marine economy. [Photo/WeChat account: ytwlgw]

Yantai, a coastal city in East China's Shandong province, has seen a boom in its marine economy. Official statistics show that in 2023, the city's marine economy saw strong growth, with the city's total marine GDP expected to exceed 250 billion yuan ($34.73 billion), accounting for approximately 25 percent of the city's GDP.

In 2023, Yantai's main industries, such as marine fisheries, marine tourism, and marine transportation, achieved an average annual growth rate of over 10 percent, becoming the main driving force behind the city's marine economy.