It is reported that in 2016, Yantai’s total marine product value was 173 billion yuan, accounting for 25% of the city’s GDP. The transformation of the marine economy from scale and speed to quality and efficiency has become an important factor in helping the city’s economic and social transformation and development. engine. Yantai City strives to have its gross marine product exceed 330 billion yuan by 2021.
The report stated that in the past five years, Yantai City has undertaken 67 regional demonstration projects for marine economic innovation development, including a financial investment of 460 million yuan and guiding social investment of nearly 5 billion yuan to implement innovative maritime-related inventions. There are 205 patents and 40 results have been transformed, driving the output value of the city's strategic marine emerging industries to grow by more than 25% annually. It is estimated that the output value of the city's high-end marine equipment and marine biology industry will reach 70 billion yuan in 2017, accounting for 1/5 of the city's main marine industry output value.
At present, Yantai has initially formed a marine biological industry chain focusing on marine medicines and functional foods. At the source of the industrial chain, vigorously promote the construction of marine ranches and create a modern, efficient and healthy breeding model. Three of the 14 national-level new aquatic species come from Yantai, and there are 23 healthy aquatic breeding demonstration farms of the Ministry of Agriculture, striving to build the country’s “Silicon Valley of Aquatic Seed Industry”.
In the next step, Yantai will further expand and strengthen the three emerging industries of marine engineering equipment manufacturing, marine biomedicine and products, and seawater utilization, striving to have the city’s total marine production value exceed 3,300 by 2021. billion, accounting for more than 30% of the regional GDP, the core competitiveness of the marine industry has been further enhanced, and the demonstration and driving role in the construction of a strong maritime province and even a strong maritime nation has been significantly enhanced.