A view of Yantai, coastal city in East China’s Shandong province. [Photo/ WeChat Account: yantaifabu]

Yantai, a coastal city in East China's Shandong province, ranked 24th among China's 100 strongest cities, according to a list released by the Shanghai-based Warton Economic Institute.

The list was based on gross domestic product, household savings and development in science, education, culture, healthcare and environmental protection. All data came from the National Bureau of Statistics.

A total of 15 cities in Shandong province were included on the list.The top 10 cities are Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Suzhou, Chengdu, Tianjin, Wuhan and Nanjing.

In recent years, Yantai has seen rapid development in its business environment, transportation, manufacturing industry, talent attraction, and tourism resources.

The city's gross domestic product totaled 417.2 billion yuan ($59.43 billion) in the first half of 2019, ranking 21st among Chinese cities.

Warton Economic Institute, formally known as the Shanghai Institute of Economic Development Research, was founded in 1988 under the approval of the leaders of Shanghai Municipal Government.

It is the first comprehensive research institute to focus on macroeconomics, regional economics and business development.