Investing in a new wave of growth

The local government in Yantai, a coastal city in Shandong province, is hosting a trade and investment drive in Hong Kong from Sunday to Wednesday to seek further economic cooperation for development of a new economic zone for marine and high-tech industries on the east coast of the city.

"The Eastern High-tech and Marine Industrial Zone will be a new and strong growth driver for the city's economy," Meng Fanli, the city's mayor, told China Daily.

"With huge geographical and natural advantages, Yantai has enormous economic potential," Meng said. "Hong Kong is rich in capital, talent and high technology. We hope it can play a bigger role in the development of the zone."