(ChinaDaily) - On June 28, Changyu Pioneer Wine Co, one of China's leading wine markers, announced it would establish an international wine city, with an estimated investment of 6 billion yuan ($942.6 million) in Yantai. The project, covering a total area of 413 hectares, will be home to a national grape and wine research institute and wine production center. It will also include grape planting areas, an international wine trading center, a European-style village, and two high-end wine and brandy chateaus. Among them, the wine production center will be equipped with 15 advanced production lines imported from Europe and cover an area of 220,000 square meters, making it one of the world’s largest wine and brandy production plants.