Yantai is speeding up its transformation into a model city for green, low-carbon, and high-quality development.

In 2024, Yantai's regional GDP hit 1.08 trillion yuan ($148.9 billion), a year-on-year increase of 6.1 percent, according to Zheng Deyan, a deputy to the National People's Congress and the mayor of Yantai.

Zheng added that a number of key projects in the city are making significant progress: The first phase of the Weichai-BYD New Energy Power Industry Park, which has a total investment of 56 billion yuan, is already operating; the China-Japan-South Korea Innovation Cooperation Center has been established; and the National Micro-Nano Manufacturing Innovation Center has been approved for establishment.

To become a key area in nurturing new quality productive forces in northern China, Yantai will upgrade traditional industries, develop strategic emerging industries, and seize opportunities in future industrial development.

In the field of biomedicine, Yantai is leveraging the Blue Pharma Valley to become a new hub for the development of the biopharmaceutical industry.

In the aerospace sector, Yantai's Oriental Aerospace Port has successfully supported 15 sea launches and placed 89 satellites into orbit, with the city is striving to become a national commercial aerospace sea launch base.

In the clean energy field, Yantai is accelerating the construction of four major clean energy bases in nuclear power, wind power, offshore photovoltaics, and liquefied natural gas, laying a solid foundation for high-quality development with a green focus.