The Yantai Forum on International Economic and Trade Cooperation is held in Shanghai on Nov 6. [Photo/Jiaodong News]

The Yantai Forum on International Economic and Trade Cooperation was held in Shanghai on Nov 6 during the fifth China International Import Expo (CIIE), and was attended by more than 150 government officials from Yantai and enterprise representatives.

Han Yaodong, deputy mayor of Yantai, introduced attendees to the city's picturesque natural environment, open and inclusive social and economic environment, and solid industrial foundation.

Han added that Yantai is now accelerating its pace in promoting the city's characteristic industries, carrying out a project to cultivate a "9+N" manufacturing cluster, and advancing the development of its 16 key industrial chains in order to develop the city into a strong manufacturing powerhouse in Shandong.

Yantai has also made great efforts to pursue green and low-carbon growth, with a focus on developing clean energy industries including offshore wind power and nuclear power. The coastal city's marine economy has grown quickly in the past years, and the integrated development of its port, the city, and industries has also been facilitated, according to Han.

Chen Xinzi, director of the Yantai municipal commerce bureau, promoted the city's investment environment and preferential policies for foreign investors. Chen also said that Yantai will deepen cooperation with international enterprises to better serve the Belt and Road Initiative.

Yantai launched a project signing ceremony during this year's CIIE. Twenty-nine key projects with a combined investment of 25.04 billion yuan ($3.46 billion) were signed. These projects include new materials, new energy resources, high-end manufacturing, and ocean engineering equipment.