In 2008, Yantai’s GDP totaled 343.42 billion yuan, up by 13.6 percent over the previous year and 40.2 times as that of 1978. The double-digit growth has kept for twelve years.

Product lines of General Motor (Dongyue) Auto Company

Local financial revenue reached 16.62 billion yuan, increased by 18% and completed 195.38 billion yuan of investment in fixed assets, increased by 24.1%. Capita disposable income of urban residents reached 19,350 yuan, capita net income per head of farmers 7,935 yuan, with an increase of 15.4% and 13.7% respectively. The city’s above-scale industry added value of 200.57 billion yuan, increased by 17.5%. High-tech industrial output value reached 314.65 billion yuan, increased by 36.9%. Throughput of port cargo reached 147 million tons, of which container reached 1.53 million TEUs (twentyfoot equivalent unit), increased by 11.8% and 22.5%. The tourism industry achieved total revenue 22.85 billion yuan, and received 23.81 million tourists from home and abroad. The city’s total foreign trade completed $35.03 billion, including export amount $20.65 billion, increased by 46.3% and 46.5%. The export growth ranks first among the 14 coastal open cities. “Going out” strategy speeded up the pace and the foreign investment amount had reached to $80 million, increased by 200%.

A passenger ship heads for Dalian

The container terminal of Yantai Port

By Shen Hong (Shandong Bureau)