According to the latest data released by the Yantai Municipal Bureau of Statistics, Yantai's GDP soared to 1.08 trillion yuan ($148 billion) in 2024, achieving a growth of 6.1 percent year-on-year.

A key driver of Yantai's success is its pioneering efforts in green energy. The city has been at the forefront of China's sustainable practices, as evidenced by its efforts to launch Shandong's first nuclear and offshore wind power projects and its establishment of the first national-level advanced energy demonstration zone.

Yantai is leading the charge in clean energy with an impressive installed capacity of 17 million kilowatts. Looking to the future, the city is poised to invest over 700 billion yuan to develop four major clean energy bases. This will firmly position the city as a renewable energy powerhouse in northern China.

Yantai's industrial strength is marked by significant investments in pivotal projects, showcasing a harmonious blend of immediate benefits and long-term growth potential.

In 2024, major projects such as the first phase of the Yulong Island Petrochemical Integration Project, the first phase of the Wanhua New Materials Low-carbon Industry Park, and the first phase of the Weichai-BAIC New Energy Power Industry Park were successively put into operation. These important projects have provided a strong boost to Yantai's economic development.

The city's latest government work report has set ambitious goals, focusing on boosting consumption, improving investment efficiency, stabilizing foreign trade, and enhancing the vitality of market entities. These goals reflect Yantai's commitment to continuous economic progress.

Yantai's remarkable journey is also fueled by its robust scientific research and innovation ecosystem. The city has made notable strides in advanced materials and new drug development, which is driven by a focus on attracting high-end talent and strengthening academic and research institutions. This strategic approach has been instrumental in propelling Yantai towards higher levels of industrial and technological sophistication.