Yantai, in Shandong Province, has played a key role in China’s economy.
In recent years, the city has made significant strides in the transformation and modernization of its classic industries by harnessing the strength of innovation and high technology for the benefit of its economic bases.
Yantai, on the coast of the Yellow and Bohai Seas, has developed several well-known domestic brands, adding Changyu, China’s first industrialized winery, and the Polaris watch brand.
Changyu is an example of how Yantai has revitalized its business heritage through innovation and modernization. The Changyu Museum of Wine Culture has helped introduce wine into the cultural and tourism industry, promoting the integration and progression of the two sectors. The museum was decided as one of the first demonstration sites of the National Industrial Tourism Base.
Yantai’s efforts in promoting the transformation of its industrial heritage and the development of new industries demonstrate its commitment to sustainable development. Of the nation’s 41 major industrial sectors, the city has established a presence in 37, evidence of its determination to achieve long-term economic prosperity.