Wow - September 24th and Summer has vanished in the blink of an eye - we seem to have skipped autumn and jumped straight into winter ! Temperatures have dipped in the space of, well, overnight. Racing from T-Shirts to thick jumpers, had to rummage through the winter clothes in a quick panic this morning. Unbelievable - it must have something to do with that global warming thing they've been talking about recently.  

In Laishan District, So what's happening in Yantai? Yantai's 2nd Wine Exposition and the 10th Fruit and Vegetable Exposition both took place last week and went really well. Each year the events are becoming larger and better. The new shopping-mall, Aeon has opened, and has a fine array of shops, restaurants,  as well as the supermarket Jusco. The 5 Star Ramada Hotel is open and has great restaurants and yes, we think we found the  best  curry in Yantai located here. 5 Star Yantai Crowne Plaza Hotel will open soon.

In Zhifu District, Bei Ma Lu reconstruction is finishing after 6 months of digging and dust, and the 6-lane throughway stretches from the East to the West linking the Changyu Museum (close to Yantai Hill Park) all the way past the new Yantai Train Station (soon to open). New bars - "Druid's Irish Pub", continues to serve the best Guinness and Kilkenny's on tap, and King's Club booms just down the street by the seafront walk near the Changyu Museum. WWW (World-Wine-Walk) has just opened with quality imported wines on display from around the world.

As for the serious business stuff - there is some good information from Yantai Investment development Board about the leading companies and emerging industries in Yantai

Stay warm and enjoy Yantai this Autumn !

Chris Bayley
Yantai-Life Communications
President, PanVenture Inc

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Yantai - Economy and Industry Keeps on Booming

October 1st, 2008 Yantai's Economy Last year (2007), Yantai's economic growth was higher than both the provincial average and the average of the 14 opening-up coastal cities. Item Value Growth GDP 288 billion RMB 16.6% Fixed Assets Investment 160 billion RMB 25.2% Total Industrial Profits 47 billion RMB 29.5% Foreign Investment 2.4 billion USD 12.1% Export & Import 24 billion USD 58.89% Domestic Inward investment 37 billion RMB 20.2% High-tech Output Value 240 billion RMB 36.5%   Yantai's Industries Yantai's Four Existing Major Industries: Mechanical Engineering Food and Beverage Electronics Gold and Mining Machinery Auto-Parts Automobile Ship-Building Seafood Fruits Vegetable Wine Computer Mobile Phone IT Components Circuit Boards Gold Jewelry Talcum Marble/Granite Yantai's Four Emerging Future Industries: Petrochemical Bio-Pharmaceutical Metallurgy Nuclear Power         Food and Beverage Industry Yantai is China's largest producer of table grapes and wine Yantai's wine production accounts for 45% of China's total Well-Known Wine Brands producing in Yantai include Changyu, Great Wall New investments in Yantai includes Lafite (France) who are building a chateau Yantai apples, Laiyang pears and big cherries are well known products of Yantai 2007 total fruit production was 3.95 million tons (of which apples 3.2 million tons) 2007 total vegetable production was 2.7 million tons. Over 100 various seafood products including prawns, sea cucumbers, abalone, scallops 2007 total seafood production was close to 2 million tons Processing of Fruit and Vegetables Yantai North Andre Juice, Ltd. Yantai Fruit Village Green Food, Ltd. Cereal and Oil Processing Shandong Luhua Group - the largest edible peanut oil producer of China. The total assets of the group is over RMB 2 billion. Meat Processing Yantai Longda Food Group is a comprehensive agribusiness, exporting to 10 countries and regions such as South Korea and South-east Asian countries Automotive Shanghai GM Dongyue Shanghai Automobile Co. Ltd - 350 automotive companies15 vehicle manufacturers, producing car, bus, heavy-loaded truck, trailer, tanker truck, container truck, and sweeping machines. General Motors and Shanghai Automobile have set up a joint venture in Yantai Development Zone, and is the largest car producer in Shandong Province, with annual designed capacity of 300,000 cars. In 2007, production was 150,000 and is expected to reach 300,000 in 2010 Automotive Parts Power Train, air-conditioning system, auto lock, interior parts, wiring harness, brake parts, pressing parts, tires, gasket, piston, bearing-roller, and automotive tools. Major Automotive Companies Company Name Products Shanghai GM Dongyue Automobile Co. Ltd, Compact Cars North-Benz Heavy Trucks Co. Ltd Heavy-loaded truck Shandong Shanghai Automobile Gearbox Co. Ltd Gearboxes Shougang Dongxing Group Automotive Air-Conditioning FAW Shandong Special Automobile Works Specialised Trucks, Axles Linglong Group Tyres Yazaki Automotive Part (Yantai) Ltd Wiring Harness Delphi Packer Electric Ltd Wiring Harness Johnson Controls Seating Ltd Seating Huayuan Laidong Diesel Engine Ltd Diesel Engines Conglin Group Box Cars Focus for cooperation in the following areas: standard automotive parts, other automotive products, steel, paint and protective film, electronic parts, R & D center, technology centre, and light-truck axles.   Address for Correspondence: PanVenture China (Yantai Office) China Agriculture University (Yantai) Room #504 Administration Building #2006 Binhai Road, Laishan District Yantai, Shandong, 264670, China Contact Information: o: +86-535-619-1831 f: +86-535-692-3170 m: +86-1337-092-6824 w: www.panventure.com e: contact@panventure.com

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Yantai Second Festival International des Vins et Dixieme Exposition Agro-Alimentaire

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