Yantai, Shandong province [Photo/IC]

The gross domestic product (GDP) of Yantai, a coastal city in East China's Shandong province, reached 951.59 billion yuan ($140.26 billion), with a year-on-year growth of 5.1 percent, according to official statistics.

The added value of the city's primary industry hit 66.25 billion yuan, up 5.1 percent year-on-year. The added value of the secondary industry stood at 402.22 billion yuan, up 6.5 percent, while the figure for the city's tertiary industry recorded 483.11 billion yuan, up 4 percent.

In the past year, fruitful efforts have been made to ensure stable agricultural production and supply. In 2022, the city's total output value of agriculture, forestry, animal husbandry and fisheries reached 125.15 billion yuan, up 5.6 percent year-on-year. Its total grain output reached 1.85 million metric tons, a slight increase of 0.8 percent from the previous year, and the vegetable output reached 2.52 million tons, up 2.7 percent.

Industrial production played a stabilizing role as a "ballast stone" in the city's economy in 2022 as the city's industrial added value above designated size increased by 10.8 percent year-on-year.

In 2022, the city's fixed asset investment increased by 8.5 percent year-on-year. Investment in the manufacturing sector grew by 24.4 percent compared with the previous year, accounting for 35.9 percent of the total investment.

Personal income also kept growing. In 2022, the annual per capita disposable income of residents in Yantai was 45,143 yuan, up 5.9 percent year-on-year.

The annual per capita disposable income of urban and rural residents was 55,700 yuan and 26,286 yuan, up 4.8 percent and 7 percent, respectively.