Technicians of Yantai-based Jereh Environmental Group detail the testing process of a device to be shipped to customers in Saudi Arabia on March 30. [Photo by Tang Ke/Xinhua]

Yantai's economy has resumed full production with its recovery index of 107.79 percent being among the top 5 out of 335 cities in China, according to data released by National Business Daily and Tsinghua University PBC School of Finance.

It is also the only city in northern China that has an economy recovery index above 100 percent.

The rapid recovery of Yantai is mainly due to its strong industrial foundation and the supportive policies released by the local government.

In early March, the city's industrial added value turned from negative to positive, with an increase of 0.3 percent.

In the first quarter, the local government provided a total of 429 million yuan ($59.96 million) to help companies overcome financial difficulties.

Official data show that the resumption rate of industrial enterprises above scale reached 100 percent in March.

Meanwhile, the contractual capital utilized outside the city has reached 165.23 billion yuan, an increase of 55.2 percent year-on-year. A total of 61 projects, each worth more than one billion yuan, have also been launched.

Yantai currently has six national-level scientific research institutes, 823 high-tech enterprises and 1,708 SMEs. The output value of the high-tech industry accounts for 48.3 percent of the total.

Scientific and technological innovation is increasingly becoming a powerful driving force for economic and social development in Yantai.