BEIJING: Yantai, Shandong province, has been a key contributor to the Chinese economy.
In recent years, the city has made significant strides in transforming and upgrading its traditional industries by harnessing the power of innovation and high technology in a bid to strengthen its economic foundation.
Yantai, located on the coast of the Yellow and Bohai seas, has nurtured several well-known national brands, including Changyu, China’s first industrialized winery, and clock brand Polaris.
Changyu is an example of how Yantai has revitalized its industrial heritage through innovation and modernization. The Changyu Wine Culture Museum has helped introduce wine to the cultural and tourism industry, promoting the integration and development of both sectors. The museum has been selected as one of the National Industrial Tourism Demonstration Base’s first sites.
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.
Meanwhile, China has recently released a guideline to strengthen the “silver” economy as part of efforts to address the challenges of an aging population.
The guideline, issued by the General Office of the State Council, specifies measures to expand, standardize, cultivate industrial clusters, and improve the branding of the silver economy. –The Daily Mail-China Daily news exchange item
